Zimbabwe policy scares investors: PM
Zimbabwe is hurting investor confidence and stalling recovery by promoting a law to force the transfer of foreign-owned firms to local ownership says , Prime Minister Morgan Tsvangirai.
Kasukuwere ‘pleased’ by miners’ compliance
Mining firms in Zimbabwe have mostly met a September deadline by which they were required to submit plans to transfer a 51% stake in their operations to locals, empowerment minister Saviour Kasukuwere said on Thursday.
SA ‘scratching head’ on stabilising rand
The government is scratching its head about how to stabilise the volatile rand, says Finance Minister Pravin Gordhan.
DMR ‘getting tough’ on non-compliance
The recent spate of punitive actions against miners serve as warnings that the Department of Mineral Resources is getting serious about compliance, says a spokesperson.
Australia says profits tax ‘dusted and settled’
Australia's government says plans for a controversial profits-based tax on coal and iron ore miners are "dusted and settled", despite independent lawmakers pushing for the inclusion of gold.
State mining boss gifted hefty bonus
Sizwe Madondo, CEO of the troubled state-owned mining company, was paid nearly R3m this year with roughly a third in a bonus.
ConCourt to rule on mine zoning
The Constitutional Court is to decide whether the keystone mining legislation - the MPRDA - or municipalities have the right to rule over mine zoning.
Rio Tinto may sell aluminium assets
Rio Tinto is considering spinning off part of its Australian aluminium assets as a planned carbon tax will raise costs and lower margins, reads a report.
Ruling ties DMR’s hand in municipalities
The Special Court of Appeal has in two separate judgments curtailed the powers of the Minister of Mineral Resources in relation to the granting of mining rights in municipal areas.
Obey rules, Sata tells China
New Zambian President Michael Sata has told Beijing he welcomes Chinese companies investing in the country, but only if they obey the law and employ more Zambian workers.