SA ‘scratching head’ on stabilising rand
The government is scratching its head about how to stabilise the volatile rand, says Finance Minister Pravin Gordhan.
Anglogold to invest $250m a year in Brazil
Anglogold Ashanti will invest $250m each year through 2016 to raise its Brazilian output of the precious metal by two thirds, its chief executive said on Wednesday.
DMR ‘getting tough’ on non-compliance
The recent spate of punitive actions against miners serve as warnings that the Department of Mineral Resources is getting serious about compliance, says a spokesperson.
Zimbabwe policy scares investors: PM
Zimbabwe is hurting investor confidence and stalling recovery by promoting a law to force the transfer of foreign-owned firms to local ownership says , Prime Minister Morgan Tsvangirai.
Kasukuwere ‘pleased’ by miners’ compliance
Mining firms in Zimbabwe have mostly met a September deadline by which they were required to submit plans to transfer a 51% stake in their operations to locals, empowerment minister Saviour Kasukuwere said on Thursday.
Vulisango back in action at Simmers
BEE company Vulisango has grabbed effective control of the Simmer and Jack Mines cash shell and has also established closer ties with First Uranium.
Central Rand Gold takes DMR to court
Central Rand Gold is to seek an urgent interdict to be allowed to continue operations while it appeals the government's decision to cancel its mining right.
Australia says profits tax ‘dusted and settled’
Australia's government says plans for a controversial profits-based tax on coal and iron ore miners are "dusted and settled", despite independent lawmakers pushing for the inclusion of gold.
Blyvoor may shed 12pc of workforce
Record rand gold prices will do nothing for at least 500 workers at DRDGold's Blyooruitzicht underground mine following the group's intention to consider retrenching 12% of the mine's workforce.
CRG loses rights in public blaze
Media were asked to join the mineral resources department as it delivered notice to Central Rand Gold it had lost its mining rights.