Home News Markets Page 253

Markets

DMR ‘getting tough’ on non-compliance

0
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’

0
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

0
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

0
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

0
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

0
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

0
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.

Zambia’s kwacha recovers after election slide

0
Zambia's kwacha has gained 2.4% as it recovers from losses triggered by the upset election victory of opposition leader Michael Sata.

Sata’s Zambian win no cause for panic

0
Mining investors may react with some nervousness to the election of Michael Sata as president of Zambia, but his victory will not trigger a significant "run for the door'.

‘King Cobra’ Sata wins Zambia presidential race

0
Zambian opposition leader Michael Sata has been declared the winner of Zambia's presidential election, ousting incumbent Rupiah Banda as the leader of Africa's biggest copper producer.