Carroll hits out over taxes, nationalisation
Governments in mineral-rich countries must steer clear of the "blind alleys" of nationalisation and excessive tax if they want to attract continued investment from global miners, says Anglo American CEO Cynthia Carroll.
MIC portfolio shows strong growth
The Mineworkers Investment Company has grown its investment portfolion from R1.2bn to R2.2bn during its past financial year.
BEE ‘failure’ triggers nationalisation calls
Impala Platinum CEO David Brown says miners' inability to meet empowerment targets may be the reason behind the calls for greater state control in the industry.
Acid water to cost fiscus more than R1bn
Government will need over R1bn to deal with acid mine drainage on the Witwatersrand, while a business plan for its strategy will be ready in July.
Nogxina exits with parting shot
The mining industry has brought the nationalisation debate upon themselves, says outgoing director general of mineral resources Sandile Nogxina.
Shanduka profits R2bn on Assore
Cyril Ramaphosa's Shanduka group has cleaned up on the sale of its empowerment stake in iron ore producer Assore, pocketing more than R2bn.
Nzimande: Nationalisation won’t aid poor
Nationalisation won't help the poor, is not always progressive and was undertaken by Hitler, says SA Communist Party general secretary Blade Nzimande.
Transnet wary of public-private deals
Logistics firm Transnet says while it is open to working with private firms on its expansion plan, it would be cautious as many past deals were "disasters".
Joburg safe from acid mine water – study
A geo-technical risk assessment says there's no risk of acid mine water flooding the basements of high-rise buildings in the Joburg CBD.
JSE reaching oversold levels
The local market is oversold and could possibly again experience the short-term run, technical analysis shows.