State-owned miner to be hived off
The African Exploration & Mining Finance Corporation, the state-owned miner, is to
be split from the Central Energy Fund of which it is a subsidiary in preparation for a
more profound role in government's minerals strategy.
Rio’s Mozi mine to supply Tata Steel this year
Tata Steel's European unit would have about 10% of its coking coal requirements
supplied to it from Rio Tinto's new Mozambique coal mine, Benga.
Illegal miners killed in Grootvlei disaster
Up to 20 illegal miners may have been killed at gold-mining operations on the
East Rand, according to initial reports.
First Quantum hurt by low copper output
Fourth quarter net earnings are some 83% lower owing to lower copper production
and prices for the metal during the period.
NUM members join nationwide strike
The National Union of Mineworkers confirmed that it had requested members to join
Cosatu's nationwide strike today aimed at having government scrap labour brokers
and toll road fees.
Sephaku to spin off R2.2bn fluorspar asset
South Africa may get a new fluorspar listing if Sephaku Holdings spins out its
fluorspar asset.
Zimbabwe declines to extend Impala deadline
A letter from Impala Platinum requesting an extension to its indigenisation plans has
been rejected by the Zimbabwean government.
Implats sets Mar. 13 showdown with Kasukuwere
Impala Platinum will set down its final position on Zimbabwe indigenisation on
March 13 in terms of a new extension granted by Saviour Kasukuwere. But why
has the Zimbabwean minister agreed to an extension?
Firestone to review R300m Tata Power offer
Tata Power has proposed taking a 30% stake worth R300m in Firestone Energy
and Sekoko Resources' Waterberg Coal Project - a "highly conditional" offer
now under review.
ANC to study 50 percent resource rent tax
The African National Congress said it would study a resource rent tax of up to 50%
as part of policy documents setting out ways to beat high unemployment and
inequality over the next 30 to 50 years.