ANC mines study rejects assets grab
A study commissioned by the ANC has rejected calls for mine nationalisation and come out in favour of higher taxes and royalties, reports Business Day.
Shabangu: Constitution informs nationalisation debate
Susan Shabangu, mines minister, confirmed a date with the ANC's National
Executive Committee today which is said to inspect a report rejecting nationalization
of the mines industry.
Glencore given March deadline for Xstrata bid
UPDATED: Glencore International has until March 1 to make a move for global miner
Xstrata in a deal that may create a merged major valued around £50bn.
Shabangu: Constitution guides mines debate
Susan Shabangu, Mineral Resources Minister, confirmed a date with the ANC's National
Executive Committee today which is said to discuss a report rejecting nationalisation
of the mines industry.
Anglo rallies on takeover, SA policy talks
Anglo American may be in the sights of a combined Xstrata/Glencore entity, analysts
say, although some caution it is too early to predict such a move.
Anooraq appointee presages Anglo’s ‘new deal’
Dawid Stander will be MD of Anooraq Resources' Bokoni Platinum Mines as it enters
"an exciting growth phase" - a sure hint that a refinancing deal with Anglo American
Platinum is imminent.
Diamond prices have stabilised, says Petra
Rough diamond prices have now stabilised, according to Petra CEO Johan Dippenaar,
but Numis Securities reckons the drop in the second half of 2011 was worse than
expected.
Rio Tinto accepts Chinese offer for Kalahari
Rio Tinto has accepted China Guangdong Nuclear Power Corp's bid for its 11.1% stake in Kalahari Minerals.
NPC revives coal export permit debate
Eskom is negotiating with suppliers to secure future coal supply, but failure to
advance talks should be dealt with by export regulation, a National Planning
Commission member has said.
Juniors hold key to Eskom coal deficit
Eskom's Dan Marokane said domestic coal supply from 2018 remained an urgent
issue, but that consolidation in South Africa's junior mining sector could help bridge
the deficit.