Peru, miners in pact to change royalties
Peru's mining firms have agreed to pay higher royalties in an overhaul of the current system, say sources on both sides of negotiations between companies and government.
ICT: Kumba’s Sishen rights ‘non-existent’
Imperial Crown Trading 289 has questioned the status of Kumba's 78.4% mining right over Sishen mine, saying the firm had not registered its converted
right on time.
Namibia makes u-turn on mining taxes
The Namibian government has backed down from far-reaching mining tax proposals, saying it will meet revenue targets when the industry is allowed to flourish.
Optimum surges on deal prospects
Shares in Optimum Coal Holdings are on the charge following a cautionary announcement and expectations it would add assets to its porfolio.
RBPlat strikes landmark wage deal
Royal Bafokeng Platinum CEO Steve Phiri is describing the wage deal struck with the National Union of Mineworkers as "landmark" because it links pay to performance
targets.
Zimbabwe approves mineral exploration body
Zimbabwe's Cabinet has approved the draft framework for establishing a company to spearhead exploration of minerals throughout the country, according to a report.
Kumba lets fly at ICT testimony
Kumba Iron Ore has laid into allegations that it had deliberately sabotaged ICT's application for a 21.4% prospecting right in Sishen mine to make the submission appear fraudulent.
Kumba justifies claiming it all
Kumba Iron Ore has offered some detail to its arguments as to why it shouldn’t be compelled to supply iron ore to ArcelorMittal SA, or anybody else, at a discount.
Jinchuan lays out strategy for Metorex
Chinese resource heavyweight Jinchuan intends using Metorex as a strategic platform for further developments in Africa and wants to keep the present management on board.
Eskom execs get packet
ESKOM's two executive directors received R3.54m in bonus payouts in the past year in addition to normal salaries.