Markets

The government has budgeted R225m over the next two years to design and build an acid mine water treatment facility in the Vaal water management area.

The government says it can prevent rising acid effluent in the Central Basin of the Witwatersrand from reaching environmentally critical levels next year.

More industry players are raising concerns that state-owned miner AEMFC is receiving preferential treatment from the department of mineral resources.

Cost increases at Minas Rio may indicate that Anglo American CEO Cynthia Carroll has overpaid for the controversial iron ore project.

UPDATED: Anglo American has almost doubled its operating profit on the back of higher commodity prices as well as improved efficiencies, and will resume paying a final dividend.

BHP Billiton plans to pour $80bn into expansions and return cash to investors rather than chase takeovers, after nearly doubling its first-half profit.

The state-owned mining company that will spearhead the government's foray into the mining sector will be located in the department of public enterprises, says ANC secretary-general Gwede Mantashe.

Australia will collect an estimated A$60bn less in a new mining tax over the next decade than originally predicted, according to the Sydney Morning Herald.

A report on how to tackle the threat of rising underground acid mine water will be discussed by cabinet this week, says Water Affairs Minister Edna Molewa.

BHP Billiton is expected to nearly double its first-half profit to a record, with investors focused on the group's strategy for its bulging cash pile.