Glasenberg defends steep executive pay
Glencore CEO Ivan Glasenberg has defended steep executive pay packages and
showed support for the CEO of Xstrata, reports Reuters.
Metmar unveils R475m cash and asset investor
Investors who helped put Optimum Coal on the map are to pump R475m into
metals and minerals trader, Metmar.
Aggreko, Shanduka set out IPP gas plans
The UK independent power producer, and Shanduka Group, will provide Eskom
with important power as it seeks to catch up on its maintenance backlog.
Court deals fatal blow to expropriation claims
The state’s right to award mining licences was not expropriation, said the
Supreme Court of Appeal, upholding the legal basis on which the 2004 MPRDA
is written.
Chamber in talks with junior miners
The Chamber of Mines has held the first of a series of meetings with junior
mining companies in order to bring about co-operation between the two
groups.
New MPRDA ‘won’t spring surprises’
Mines Minister Susan Shabangu says the review of the Mineral and Petroleum Resources Act will not seek to introduce any major policy shifts.
Softening in Section 54 onslaught
Government’s mine safety crackdown appears to have been softened since a
task-team comprising the Department of Mineral Resources, unions and
industry met last month.
SepFluor in R2.1bn finance drive
SepFluor has embarked on a fundraising drive to finance the development of its proposed R2.1bn mine and beneficiation plant outside Bronkhorstspruit.
Anglo American, Codelco agree to ceasefire
Still, the suspension of legal proceedings between Anglo American and Chile’s Codelco over a disputed stake in Anglo American Sur shouldn’t be viewed that the parties are close to a resolution.
Law firm raises concern over rights auction
Legal firm Webber Wentzel says it is concerned about the Department of Mineral
Resources’ proposed auction of lapsed or revoked rights.