Zim indigenisation laws ‘to carry on’
The scathing attack by Zimbabwe’s parliament on the country’s indigenisation laws should not be interpreted as the end of the controversial legislation, says a mining industry official.
‘Serious discrepancies’ at Aurora
New liquidators have uncovered discrepancies between the assets handed to back Aurora's liquidators, and those given to Aurora when it made a R600m bid for the financially-striken Pamodzi Gold mines.
Glencore profits jump 45%
Commodities trader Glencore has seen operating profit grow 45% in the first quarter as market volatility boosted its marketing arm and says it sees demand for commodities remaining healthy.
Tanzania sets out plan for super tax
Tanzania will not unilaterally impose a proposed super profit tax on mining firms but will try to persuade existing firms to comply, says a senior government official.
Wage negotiations start for coal and gold
The National Union of Mineworkers has started wage talks with the Chamber of Mines on the union's demand for a 14% rise in salaries from gold and coal miners.
Work on acid mine water underway
Environmental officials are working to curb the potential dangers posed by the impact of acid mine drainage in the Witwatersrand mining area.
Num, Chamber to start talks on wages
The National Union of Mineworkers is to begin official wage talks with the Chamber of Mines, with the union demanding a 14% wage increase, it says.
Gold slumps to three-week low
Spot gold fell more than 1% as heavy losses in crude oil and other commodities prompted investors to sell gold.
Australia releases mine tax draft
Australia's government has released draft legislation for its controversial mining profits tax, keeping the 30% rate and says resource firms will be able to push for more changes.
Exxaro gets interdict to stop strike
Exxaro has been granted a temporary interdict prohibiting workers from striking.