Chavez to nationalise Venezuelan gold industry
Venezuela will nationalise its gold industry and is moving its international reserves out of Western countries, says President Hugo Chavez.
Exxaro coins it from coal and mineral sands
Coal and heavy mineral sands paid off big-time for Exxaro Resources in the six months to end-June, along with the usual hefty contribution from its stake in Kumba's Sishen iron ore mine.
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.
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.
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.
SA ‘sacrifices’ water for gold
SA has sacrificed its water for gold and the yellow metal has therefore become a curse as acid mine drainage is affecting the economy and health of citizens, says an expert.
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.
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.
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.
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.