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.
Eastplats hits Q4 wall, impairs for $46.3m
Shares in Eastplats slumped 7% on the JSE as it posted a horror decline in
year-on-year profits, suffered a $46.5m write-down, and said projects might be
rescoped permanently unless third-party funding was acquired.
Uranium One posts record revenue
Uranium One said that despite difficulties in the uranium industry during 2011, the
company was able to post record revenues and an 89% improvement in earnings
from mining operations.
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.
EU says nuclear stress tests completed by mid-year
Stress tests on European Union nuclear facilities would be completed by the mid-
year with EU Energy Commissioner, Guenther Oettinger, saying thoroughness was
essential.
Fitch affirms diversified miners
Fitch Ratings has affirmed the ratings of the three major diversified mining
companies, Anglo American, BHP Billiton and Rio Tinto.
Merafe says chrome export duty imminent
An export duty on chrome ore would help stop the slide in South Africa’s
market share of ferrochrome and protect jobs, Merafe Resources CEO Stuart
Elliot said.
Tharisa secures R1bn funding for plant
Tharisa Minerals has raised R1bn for a chrome and platinum group metal mine and
concentrator from HSBC Holdings.
Village bags R413m, special dividend likely
As suggested before, Village Main would most likely pay out a special dividend
from the First Uranium asset sales that net R413m for Bernard Swanepoel’s
company.
Namaqualand deal ‘progressing’, says Trans Hex
Trans Hex said discussions were ongoing to buy De Beers Consolidated Mines'
Namaqualand Mines, a transaction first opened nearly a year ago.