Home News Markets Page 249

Markets

Mining to drive Zim growth: Biti

0
Gold production would double, diamonds would bag $600m ... The outlook for Zimbabwe economic growth would be based partly on its mining industry.

ANC mulls ‘carrot and stick’ on benefication

0
The ANC is to debate next week a carrot and stick approach to beneficiation in the mining sector and would not simply slap levies on mineral exporters.

Gillard gets tax through lower house

0
Australia's lower house approved a tax on miners that is expected to raise $7.8bn in its first two years.

Oz tax to be passed, upsets juniors

0
Australia's government is set to pass laws for its 30% mining profits tax later this week after agreeing to lift the starting threshold. But mid-tier and junior companies say it favours the major mining firms.

Molefe routes Transnet back on track

0
How Transnet goes about its business is watched with eager intensity in places as far flung as Asia and Europe as well as in SA where the utility is viewed a kingpin in economic growth.

Aurora sold gold and kept proceeds

0
Aurora's directors and managers have sold R122m worth of gold from the Pamodzi mines and paid themselves with the proceeds instead of paying running costs and staff.

BHP turns more cautious on market outlook

0
BHP Billiton, the world's biggest miner, has turned more wary on the outlook for commodity markets, but says conditions are not as bad as during the global financial crisis.

SA to heighten mines health and safety audits

0
Mines Minister Susan Shabangu says her department will be increasing health and safety audits of mines in the face of a "culture of non-compliance".

Glencore trading arm ‘solid’ despite uncertainty

0
Commodities group Glencore International says third-quarter activity in its closely watched marketing arm is "solid", despite slowing global growth.

Ghana budgets for mining tax hike

0
Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the country's 2012 budget.