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Zuma speech raises nationalisation fears

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Critics are concerned that SA has shifted closer to nationalising its mines following President Jacob Zuma's State of the Nation speech.

Malema triumphant over Zuma speech

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ANC Youth League President Julius Malema says President Jacob Zuma's State of the Nation speech shows nationalisation is here to stay - and that the minister of mineral resources must take note.

Kumba drags Amsa into court battle

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Kumba Iron Ore has added ArcelorMittal SA as a respondent in its high court bid for the reversal of the 21.4% prospecting right over Sishen mine awarded to ICT.

Zuma: Beneficiation strategy a priority

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Adopting a mineral beneficiation strategy is a government priority, President Jacob Zuma has said in his State of the Nation address.

Shabangu ‘doesn’t answer to ANCYL’

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Mineral Resources Minister Susan Shabangu did not need to report back to the ANC Youth League about her position against the nationalisation of mines, her spokesperson says.

Xstrata profit up sevenfold on commodities boom

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Anglo-Swiss mining group Xstrata has reported a sevenfold increase in annual net profit in 2010 as it rode the forecast boom in commodities markets and prices.

Mine licences revoked after tampering

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Licences for mining companies have been revoked and civil servants suspended from their jobs after application information was tampered with, Mines Minister Susan Shabangu says.

Japan plans to invest billions in Africa

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Japan is keen to invest "billions of dollars" in minerals and infrastructure in Africa, trying to catch up with regional rival China.

Govt mining firm almost ready to go

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A state-owned coal and uranium mining company will be up and running within weeks.

ICT buyout not a given: Amsa

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ArcelorMittal SA says its takeover of Imperial Crown Trading depends on the firm clearing itself of claims of impropriety, and getting mining rights to Sishen.