Rio’s tax to boost Guinea’s infrastructure
Guinea will use 35% of a $700m windfall from Rio Tinto to rebuild the mineral-rich West African nation's broken infrastructure, says a Guinean official.
Ownership rule too stringent, says Tsvangirai
Zimbabwe's local ownership rules for foreign mining companies are too stringent, says Prime Minister Morgan Tsvangirai.
Rio Tinto in major retreat from aluminium
Rio Tinto is putting an estimated $8bn worth of aluminium assets up for sale across six countries, only four years after buying aluminium giant Alcan for $38bn.
Union to strike at Xstrata
The National Union of Mineworkers will start a strike at Xstrata's operations across South Africa after a dispute over an employee share ownership programme.
Rio Tinto defies gloom with record ore sales
Global miner Rio Tinto has brushed off fears of a global economic crisis, reporting record iron ore sales and a 5% jump in output for the third quarter.
Nogxina tipped for Mexico post
Former director-general at the Department of Mineral Resources, Sandile Nogxina, is tipped to be appointed South Africa’s next ambassador to Mexico.
Ex DMR official appointed as new DG
Cabinet has appointed Thibedi Ramontja, the current CEO of the Council for Geoscience, as new director-general for the Department of Mineral Resources.
Zambia eyes 35 percent stake in mine projects
Zambia will negotiate larger stakes in projects with foreign mining firms and plans to revamp tax collection to improve transparency and maximise benefits for itself, the minister of mines said.
Anglo faces cash dilemma
Anglo American will swing into a $3.4bn cash positive situation but will lose up to 17% of its net asset value if Codelco exercises the option over its Chile copper operations, especially Los Bronces.
Mugabe’s health steers Zimbabwe destiny
President Robert Mugabe's failing health has likely forced his Zanu-PF party to press for early elections in Zimbabwe, but it has not so far loosened his grip on power.