Ex DMR official appointed as new DG
Cabinet has appointed Thibedi Ramontja, the current CEO of the Council for Geoscience, as new director-general for the Department of Mineral Resources.
Zambia eyes 35 percent stake in mine projects
Zambia will negotiate larger stakes in projects with foreign mining firms and plans to revamp tax collection to improve transparency and maximise benefits for itself, the minister of mines said.
Locals to get 10% of Zimplats
Local communities are to acquire a 10% stake in Implats' Zimbabwe unit Zimplats under an empowerment deal, says Implats CEO David Brown.
Gold Fields venture suspends Kyrgyz drilling
Gold Fields' joint venture in Kyrgyzstan will suspend drilling after supporters of its exploration project in the Central Asian state have received death threats.
CRG’s court bid over revoked right starts
Central Rand Gold says it has started court proceedings in its bid to set aside the decision taken by die Minister of Mineral Resources to cancel its mining right.
Anglo faces cash dilemma
Anglo American will swing into a $3.4bn cash positive situation but will lose up to 17% of its net asset value if Codelco exercises the option over its Chile copper operations, especially Los Bronces.
Exxaro again faces Eskom uncertainty
SA's economy, and Exxaro Resources in particular, may be in for more bad news if there is another delay in the start-up of the first generating set at the Medupi power station.
First Uranium posts quarterly sales increase
First Uranium says that its second-quarter gold sales rose 17.7% from the prior quarter and it is maintaining its full year outlook despite problems at both its projects.
Mugabe’s health steers Zimbabwe destiny
President Robert Mugabe's failing health has likely forced his Zanu-PF party to press for early elections in Zimbabwe, but it has not so far loosened his grip on power.
Codelco funds option in Anglo copper mine
Chile's Codelco secures $6.75bn in bridging finance that could see it take a 49% stake in Anglo American Sur, a property that houses Anglo American's prized copper mine, Los Bronces.