Home News Markets Page 219

Markets

Godongwana says higher mine taxes possible

0
Enoch Godongwana, head of the ANC's economic transformation committee, said the mining sector may well attract more taxes.

Mining charter fails to meet BEE Act

0
The mining charter is the only empowerment code that does not conform to the trade and industry department's BEE legislation, the Black Management Forum said.

Davis earns £5.5m profit on Xstrata shares

0
Mick Davis, the outgoing Xstrata CEO, sold 661.590 shares in the company following the European Commission's approval of its merger with Glencore.

Mines unrest not solved by ending migrant labour

0
Migrant labour may be a contributing factor to the mines unrest in South Africa, but ending it will only cause hardship elsewhere, experts say.

M23 want direct talks with Congo’s Kabila

0
M23, a rebel movement in Congo, want direct talks with president Joseph Kabila and have warned government not to strengthen armies near Goma, which recently fell to the rebels.

Xstrata executive exodus feared

0
The resignation of Sir John Bond, chairman of Xstrata, and the already known new that its CEO, Mick Davis, is to leave has triggered fears that without retentions, the key Xstrata staff will abandon Glencore Xstrata.

Davis warns of risks after retention pay foiled

0
Xstrata shareholders supported the merger with Glencore but declined paying retention packages - a development Mick Davis, Xstrata CEO, said posed a risk to the combined entity.

NUM says no guarantee SA labour will calm

0
National Union of Mineworkers general-secretary, Frans Baleni, delivered unsettling news to UK investors saying the union could attempt to calm members in 2013, but there could be no guarantees.

SA economy braced for strike fallout

0
The South African economy must brace itself for the fallout from the mining industry's strike activity, a development that could be devastating, says the Bureau for Market Research.

Lender avarice drove desperate miners

0
Driven to desperation by spiralling debt, South Africa's miners had no option but to turn to strike action, according to a study by Unisa's Bureau of Market Research.