Optimum directors bag R221m in share sale
Xmas came early for directors at Optimum Coal Holdings who made a killing selling shares, presumably to Glencore International.
Ghana tax hikes ‘deep concern’: Gold Fields
Gold Fields CEO Nick Holland says he is concerned about Ghana's move to increase corporate taxes on the mining sector to 35% from 25%.
Lonmin to raise workers’ pay by up to 10%
Lonmin says employees will receive pay rises and benefit improvements of up to 10%, depending on job grades, as part of a two-year wage agreement with NUM.
Anglo punts fuel cells as SA growth driver
South Africa has the potential to become a global leader in the development and manufacturing of fuel cell technology, says Anglo American CEO Cynthia Carroll.
RBPlat sees Styldrift’s first output by 2015
Royal Bafokeng Platinum expects to have first production at its Styldrift 1 project in the second quarter of 2015.
MPRDA changes on hold for ANC mines plan
Draft versions of the amended Mineral and Petroleum Resources Development Act will not be finalised prior to the ANC National Policy Conference in June 2012.
Rio Tinto to invest $2.7bn more in smelter
Global miner Rio Tinto says it will invest an additional $2.7bn to modernise its Kitimat aluminium smelter in Canada's British Columbia.
London Mining starts up Sierra Leone iron ore
Londong Mining has started production of iron ore from its Marampa operation in Sierra Leone and the first shipment is on track to be completed by the end of this year.
SA eyes R400bn nuclear build price tag
South Africa plans to spend an estimated R400bn on building up its nuclear electricity-generating capacity, says Energy Minister Dipuo Peters.
Uranium deals abound despite poor sentiment
Corporate activity in the uranium space is picking up speed with the scramble for prime mining assets continuing to belie the negative sentiment towards the metal.