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.
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.
Ban chrome ore exports, says Merafe
Merafe CEO Stuart Elliot wants levys and volume curbs placed on the exports of chrome ore which he says are benefitting China and harming South Africa.
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.
Harmony creates new executive post
Harmony Gold has created a new executive position to accelerate the execution of its safety and health strategy.
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.
Wits Gold ready to develop, says new CEO
Former head of Anooraq Resources, Philip Kotze, has been appointed new CEO of Wits Gold and says the group is ready to move from being an explorer to a developer of mines.
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.