Australia releases mine tax draft
Australia's government has released draft legislation for its controversial mining profits tax, keeping the 30% rate and says resource firms will be able to push for more changes.
Exxaro gets interdict to stop strike
Exxaro has been granted a temporary interdict prohibiting workers from striking.
Karee outage hits Lonmin shares
Lonmin’s shares have lost ground following a downward revision of the company’s production target, coupled with an upward adjustment of unit costs.
Govt makes progress on Quattro quotas
The department of mineral resources has granted entitlement to two new coal exporters under the Quattro system, with a further two slots still up for grabs.
Pan African targets higher profit margins
Pan African Resources will increase production from its Barberton Mines by 20% through a dump retreatment operation, and also intends improving profit margins by generating its own power.
Chamber objects to Eskom, Transnet changes
The Chamber of Mines says it is "deeply concerned' about the removal of Eskom’s chairperson, as well as suggestions that Transnet’s chair is also on his way out.
Firestone makes rights progress
Firestone Energy's application for mining rights made by its joint venture with Sekoko Resources has been approved at a regional level by the department of mineral resources.
Beneficiation now official policy, says Manyi
Cabinet has approved mineral beneficiation as policy for South Africa, says spokesperson Jimmy Manyi.
Exxaro thwarted in Territory bid
UPDATED: Exxaro is reviewing its position after its bid for Australian iron ore miner Territory Resources was trumped by Hong Kong's Noble Group.
Iron ore rail line expansion ‘on track’
Transnet is on track to expand its iron ore and manganese rail line to an annual capacity of 60 million tonnes by 2012/13, says its CEO.