PwC: Mining taxes a minefield
Ongoing increases in commodity prices and the growing bottom lines of resources companies juxtaposed against struggling or still recovering economies has heightened the call for mineral tax to be reviewed in many countries.
Rio, Chinalco set up exploration JV
Global miner Rio Tinto and state-owned Chinese aluminium producer Chinalco have established a joint venture to explore for new mineral deposits in China.
Trans Hex breaks free in Angola
Trans Hex is tantalisingly close to getting rid of two of the biggest remaining millstones around its neck - the Luarica and Fucauma alluvial diamond mines in Angola.
Trans Hex upbeat on Namaqualand
Trans Hex reckons there are "bonus" diamonds to be had at De Beers' Namaqualand Mines, which it can access because it owns the adjacent marine diamond concession.
State seeks to revive Alexkor
State-owned diamond miner Alexkor is once again on the lookout for new mining ventures, says a senior government official.
Govt aims to break diamond dealers’ hold
The state is looking to sidestep the grip of SA’s major polished diamond wholesalers on the local beneficiator industry by exploiting foreign legislation.
Chamber praises mining minister
The Chamber of Mines has lauded Mining Minister Susan Shabangu's "depth of
understanding" and sophisticated proposals in her budget vote.
CIC Energy looks for new buyer
CIC Energy has ended its takeover arrangement with Indian group JSW Energy after a final completion deadline was missed, and is now looking for an alternative buyer.
DMR’s beneficiation plan takes shape
Tax incentives and promises to prioritise infrastructure form part of government’s strategy to attract buy-in for the state’s proposed mineral beneficiation plan, says Mines Minister Susan Shabangu.
Xstrata upbeat over commodities outlook
Xstrata is confident in the medium- and long-term outlook for commodity markets, says CEO Mick Davis.