More to follow Northam’s lead over stoppages
The courts will increasingly act as arbiters for disputes over safety-related
mine closures, as more mining firms are expected to seek legal recourse
against Section 54 stoppages.
Zimbabwe’s Saviour an enigma
Saviour Kasukuwere, the Zimbabwean government minister who has become
the bane of foreign-owned businesses, is different things for different people.
Exxaro looks to mineral sands for 2012 boost
A major part of Exxaro Resources’ future is now captured in its mineral sands
output; a business it nearly closed just over a year ago.
Resource rent proposal deters foreign funds
A proposal to install a resource rent tax and make the state owned mining company
more prominent in industry affairs is driving foreign funds from South Africa's
shores.
State-owned miner to be hived off
The African Exploration & Mining Finance Corporation, the state-owned miner, is to
be split from the Central Energy Fund of which it is a subsidiary in preparation for a
more profound role in government's minerals strategy.
Sephaku to spin off R2.2bn fluorspar asset
South Africa may get a new fluorspar listing if Sephaku Holdings spins out its
fluorspar asset.
NUM members join nationwide strike
The National Union of Mineworkers confirmed that it had requested members to join
Cosatu's nationwide strike today aimed at having government scrap labour brokers
and toll road fees.
Fitch affirms diversified miners
Fitch Ratings has affirmed the ratings of the three major diversified mining
companies, Anglo American, BHP Billiton and Rio Tinto.
ANC to study 50 percent resource rent tax
The African National Congress said it would study a resource rent tax of up to 50%
as part of policy documents setting out ways to beat high unemployment and
inequality over the next 30 to 50 years.
Village bags R413m, special dividend likely
As suggested before, Village Main would most likely pay out a special dividend
from the First Uranium asset sales that net R413m for Bernard Swanepoel’s
company.