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Strikes had hurt SA’s credibility: Gordhan

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Strike action has cost an estimated R10bn in lost mine output and had led to two credit downgrades, said finance minister Pravin Gordhan in a speech last night.

Leon rails against misunderstood mining charter

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The mining charter wasn't only about transfer of mining company ownership, said Peter Leon of Webber Wentzel who added that the charter was also about improving procurement and living conditions.

Anglo declares capex blow out at Minas Rio

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More bad news for Anglo American's Minas Rio project with capital costs ballooning to $8bn and analyst expectations first production won't be before 2015.

Motlanthe rails against migrant labour

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Deputy president Kgalema Motlanthe has urged mining companies to allow migrant workers to return to home more frequently.

Shareholder advisories split on Glenstrata

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Shareholder advisory services are divided on whether investors should support the $33bn merger between Glencore and Xstrata that goes to the vote on November 20.

CEOs walk the plank as tide turns against miners

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Competition to please investors exacerbates the mining cycle and means the CEOs of the world’s largest miners face an in-built obsolescence.

BHP begins hunt for Kloppers succession

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BHP Billiton is reported by the Financial Times to be starting early in efforts to find a successor for its CEO, Marius Kloppers.

Marikana tragedy dubbed a “massive policy failure”

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Lonmin’s Marikana tragedy has been described by prominent mining industry players as a massive failure in national and local government policy, as well as corporate failings.

SA’s mining permit slippages widen in 2012

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It’s taking longer to process mining and prospecting permits in South Africa with more deadline slippages occuring in 2012 than in 2011.

Congo mining code revision not retroactive

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A proposed revision of the Democratic Republic of Congo’s mining code, which could see Government take a 35% stake in projects, would not be applied to existing mining projects.