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Revised MPRDA at least a year away

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Proposed amendments to the Mineral and Petroleum Resources Development Act will not come into law before end-2012, says Mines Minister Susan Shabangu.

Rio Tinto sees customers turning cautious

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Rio Tinto has warned that further cracks may be emerging in global commodities markets as the economies of Europe and the United States waver.

BHP Billiton CFO Vanselow steps down

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BHP Billiton has announced the retirement of its popular chief financial officer Alex Vanselow and expanded its top management committee.

ANC to redraft nationalisation report

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The African National Congress has returned a report with policy recommendations on the issue of mine nationalisation for redrafting, says a senior party official.

Anglo’s growth assets near production

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Diversified miner Anglo American’s production profile will change dramatically over the next two years as its four largest expansion projects are commissioned.

Unity needed in nationalisation debate: Phosa

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South Africa should speak with one voice on the issues that troubled its economy, such as nationalisation, said Mathews Phosa, ANC Treasurer-General.

Mining to drive Zim growth: Biti

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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

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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

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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

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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.