Zambia eyes 35 percent stake in mine projects
Zambia will negotiate larger stakes in projects with foreign mining firms and plans to revamp tax collection to improve transparency and maximise benefits for itself, the minister of mines said.
Anglo faces cash dilemma
Anglo American will swing into a $3.4bn cash positive situation but will lose up to 17% of its net asset value if Codelco exercises the option over its Chile copper operations, especially Los Bronces.
Mugabe’s health steers Zimbabwe destiny
President Robert Mugabe's failing health has likely forced his Zanu-PF party to press for early elections in Zimbabwe, but it has not so far loosened his grip on power.
Codelco funds option in Anglo copper mine
Chile's Codelco secures $6.75bn in bridging finance that could see it take a 49% stake in Anglo American Sur, a property that houses Anglo American's prized copper mine, Los Bronces.
Looking for a better Chinese deal
If Africans are going to take full advantage of China's hunger for its resources, they need to focus less on the instant cash and more on securing more substantial deals.
BHP approves $1.2bn for Olympic Dam expansion
BHP Billiton has approved $1.2bn in pre-commitment capital to start expansion work on its Olympic Dam copper and uranium mine.
CRG closure casts doubt over drainage plan
The Department of Water Affairs will be able to deal with the most critical aspects of acid mine water by year-end, but doubts over Central Rand Gold may thwart its plans.
Mpumalanga back in business
The Department of Mineral Resources has confirmed that the moratorium on prospecting right applications in Mpumalanga has been lifted.
Ghana talks with gold miners over new taxes
Ghana is in talks with gold miners in the country over additional taxes so as to benefit from the soaring price of the precious metal, says the government.
China resource tax goes national
China will extend a regional resource tax on domestic sales of crude oil and natural gas to the whole country and widen it to include coking coal and rare earths.