Markets

Van Rooyen acting for Zwane is normal says DMR

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SOUTH Africa's Department of Mineral Resources (DMR) confirmed Des van Rooyen had been nominated acting mines minister whilst incumbent Mosebenzi Zwane attended to business...

DMR suffers devastating defeat in Aquila Steel court battle

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SOUTH Africa's Department of Mineral Resources (DMR) has suffered a devastating defeat in the High Court (Pretoria) which has potentially far-reaching implications for other...

Mining charter to toll 1% revenue ‘tax’ for communities

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ONE new aspect of the mining charter, due to be published in Parliament next month, is a 1% levy on revenue over two years...

SepFluor to build R1.7bn Nokeng fluorspar mine, concentrator

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SEPHAKU Fluoride (SepFluor), an unlisted fluorspar development company, is to build a R1.7bn mine north east of Pretoria - a rare example of new investment...

The DMR hits back on safety stoppages

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The Department of Minerals and Resources (DMR) has hit back at the mining industry over the issue of Section 54 work stoppages following a report...

South32 looks north as SA coal, manganese production slumps

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SOUTH32 achieved record production at its alumina, zinc and manganese mines for its 2016 financial year which was also notable for output declines at...

Glencore may consider buying Anglo Cerrejon stake

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GLENCORE said it would consider buying Anglo American's stake in Colombian coal business - Cerrejon - despite embarking on its own $5bn asset disposal...

Decision time as Exxaro Resources gears up for new era

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"UNFORTUNATELY, you are a week too early," said Mxolisi Mgojo, CEO of Exxaro Resources. That’s his response to a question about whether the group...

Guessing the time as world’s mining clock ticks on

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THERE have been many ways of quantifying the damage inflicted by over-supply and falling demand in the commodity sector over the past three years,...

Exxaro’s Mgojo starts tenure with strategy on his mind

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THE surprise departure of Wim de Klerk, financial director of Exxaro Resources, comes at a difficult time for Mxolisi Mgojo who will only have...