Markets

South Africa’s High Court heaps further delay on Mining Charter III...

THE Minerals Council South Africa said it was regrettable that the High Court in Pretoria added parties to the legal action aimed at clarifying...

DRC to deliver moratorium on mine confinement despite advance of COVID-19

THE mines department of the Democratic Republic of Congo (DRC) is to negotiate a moratorium on mine-site confinement of employees, said Reuters citing the...

SA mines left waiting on migrant labour return as Minerals Council...

THE Minerals Council said it had so far drawn a blank in terms of getting a substantial number of foreign mineworkers back to South...

Rio Tinto blunder likely to be game changer for global mining...

AN accident in which Rio Tinto destroyed ancient caves in Australia is likely to have far-reaching consequences for the mining sector, said Bloomberg News. Rio...

Vedanta said to be upsizing $2.5bn loan in order to complete...

VEDANTA, which is mining the Gamsberg zinc deposit in South Africa, planned to increase a $2.5bn loan by $250m in order to delist its...

SA has no plans to increase corporate tax or VAT, Tito...

SOUTH Africa did not plan to increase corporate, value-added tax (VAT) or income tax, said Bloomberg News which reported on a meeting between finance...

Seriti’s Teke says firm sees “immense opportunities” in chrome, manganese, iron...

MIKE Teke, CEO of Seriti Resources, said his company was interested in diversifying the firm's portfolio which is currently concentrated on thermal coal. The company...

Immigration staff shortage proving bottleneck for returning migrant mine labour

THE return to work of some 9,500 foreign mineworkers needed to get South Africa’s mines back to full production is being held up by...

Mboweni warns SA’s public finances “dangerously over-stretched” as Govt. looks to...

SOUTH African finance minister, Tito Mboweni, intended to narrow the country's account deficit and stabilise debt by 2023/2024, but he also warned that "public...

Report calls for caution on sea floor mining until information is...

AN international panel warned that mining the sea floor should not proceed until more information was obtained about its impact on the environment. Citing a...