Peru, miners in pact to change royalties
Peru's mining firms have agreed to pay higher royalties in an overhaul of the current system, say sources on both sides of negotiations between companies and government.
Namibia makes u-turn on mining taxes
The Namibian government has backed down from far-reaching mining tax proposals, saying it will meet revenue targets when the industry is allowed to flourish.
Kumba lets fly at ICT testimony
Kumba Iron Ore has laid into allegations that it had deliberately sabotaged ICT's application for a 21.4% prospecting right in Sishen mine to make the submission appear fraudulent.
Jinchuan lays out strategy for Metorex
Chinese resource heavyweight Jinchuan intends using Metorex as a strategic platform for further developments in Africa and wants to keep the present management on board.
Zimbabwe approves mineral exploration body
Zimbabwe's Cabinet has approved the draft framework for establishing a company to spearhead exploration of minerals throughout the country, according to a report.
Amsa fires first in court showdown
Senior Council for ArcelorMittal argue mining law does not allow for fractional mining permits in a court showdown that is crucial in the security of tenure debate in South African mining.
Eskom execs get packet
ESKOM's two executive directors received R3.54m in bonus payouts in the past year in addition to normal salaries.
Sales of BEE shares worrying, says Xingwana
The selling of mining shares granted to blacks is undermining transformation, says Minister of Women, Children and People with Disabilities Lulu Xingwana.
Labat investor seeks $2m from Aurora
A $2m investment intended for JSE-listed IT firm Labat Africa has found its way to the bank coffers of Aurora Empowerment Systems, reads a company statement.
Gold fixes sights on $1,800
The resurgence of equities in Johannesburg, following a similar movement in the US yesterday, would do nothing to dampen gold's popularity.