Shabangu: ‘No quick fix’ on nationalisation
Uncertainty regarding mining sector nationalisation would be inevitable as government sought to tackle matter through its internal processes, says the mines minister.
Xstrata decries ‘unilateral’ policy changes
Governments seeking a greater share of mining profits should implement changes in regulations and taxes prospectively, and not retrospectively, says Xstrata CEO Mick Davis.
Xstrata shakes off flooding woes
Xstrata has posted financials in line with forecasts, with a 30% jump in interim profit, pointing to a stronger second half as its copper unit helps the miner recover from a flood-hit start to 2011.
Davies to probe Exxaro refinery closure
A team is to investigate the imminent shutting down of Exxaro's zinc plant, says Trade and Industry Minister Rob Davies.
Deal reached to end gold strike
A strike in South Africa's gold mining sector has ended after a two-year wage deal was clinched, unions and the Chamber of Mines say.
Gold slides on US trade breakthrough
Stocks have risen while gold and the yen dropped as investors cut safety trades after Washington reached a last-minute deal to escape default.
Minister acknowledges mines debate harm
The government knows that the debate on nationalisation dents SA's image and will not do anything unconstitutional, says the Minister of Public Enterprises.
Harmony creates new executive post
Harmony Gold has created a new executive position to accelerate the execution of its safety and health strategy.
Coal strike ends
The striking employees of coal miners will return to work on Wednesday, following an agreement on wages between the Chamber of Mines and labour unions.
New effort to end wage impasse
Striking coal and gold miners are meeting the Chamber of Mines in separate talks in a bid to end stoppages that have cost South Africa tens of millions of dollars in lost output.