Zim firms favour 26% local ownership
Zimbabwe's mining firms will be comfortable with selling stakes of 26% to local owners under a state plan that aims to eventually transfer majority control, the head of the mining chamber says.
AEMFC ‘special favours’ law to be repealed
Mines Minister Susan Shabangu has approved the withdrawal of some special regulatory exemptions previously granted to state miner AEMFC.
Time to pick resource winners – Investec
Investors banking on an across-the-board rise in commodity prices this year are setting themselves up for a fall, Investec says.
Rio, Billiton JV plans large KZN plant
The Rio Tinto-BHP Billiton joint venture, Richards Bay Minerals, plans to build a large plant with operations expected to start in 2016
DRC lifts mining ban
The DRC government says it is lifting a six-month ban on mining in conflict-plagued east Congo amid condemnation by critics.
Tsvangirai denies nationalisation of mines
Zimbabwe's Prime Minister Morgan Tsvangirai has ruled out President Robert Mugabe's plans to nationalise foreign-owned mines.
MTN’s Nhleko to join Anglo board
Anglo American has appointed Phuthuma Nhleko to its board as a non-executive director with immediate effect, says the company.
Harare pushes ahead with nationalisation
The Zimbabwean government is to set up a sovereign wealth fund to take ownership of 51% of mining companies, a minister says.
India’s Essar to invest $750m in Zisco
India's Essar Africa will inject an initial $750m to restart production at Zimbabwe's state steel firm Zisco.
Xstrata cuts Glencore tie with new chair
Xstrata has distanced itself from potential merger partner Glencore by naming industry outsider John Bond as chairperson.