Cherish thy foreign investor
Apathy towards the priorities of "traditional' foreign investors will likely
undermine efforts to increase the contribution of mining to the social
transformation of SA, says a Sims critique.
Botswana may pass on $1.26bn De Beers pre-empt
The government of Botswana has the right to buy its pro-rata stake in De Beers
from the Oppenheimer family, but it's thought it need not bother with the
$500m expense.
Xstrata vote on Glencore bid set for Sept 7
Xstrata has effectively given Glencore and its rival Qatar shareholder the
summer break to hammer out an agreement on the takeover of the UK miner.
Gold protocol to sideline informal miners
The world’s major gold producers seek to draw an iron curtain between their
mines and especially Africa’s enormous, varied informal gold industry.
Better H2 predicted for Anglo subsidiaries
The weaker earnings guidance from Anglo American’s listed subsidiaries is a
pointer to a likely trend in results from other listed mining companies, says a
mining analyst.
Accounting, not emotion, guides valuations
Governments are fooling themselves if they think there is more than simple,
objective figures behind the negative responses of rating agencies, says auditing
group Ernst & Young.
Gold Fields in lashing over mine deaths
Deputy Minister of Mineral Resources, Godfrey Oliphant, has singled out Gold
Fields as the biggest contributor to mine deaths in the year so far.
Transnet sticks to 75Mt coal target
Transnet will ask its freight division to meet an average monthly railage target
of 66 million tonnes - never achieved before - to convince the coal industry its
improvements are permanent.
Safety task team seeks Section 54 arbiter
Former Chief Inspector of Mines, May Hermanus, has been touted as an
independent arbiter in disputes over the application of Section 54s.
Modder East strike hits Gold One output
Gold One International’s second-quarter production has come in lower than
guidance, mainly due to labour-related disruptions at its flagship Modder East
mine.