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ANC mulls Aussie- style mines tax

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Government may overhaul its minerals royalties regime to cash in on high commodity prices and may use Australia's controversial resources tax as a template, says a deputy minister.

CoAL still waiting for answer on Vele

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There's still no answer from the department of environmental affairs on when Coal of Africa will be allowed to restart operations at the Vele coking coal mine.

Mothae to test diamond market

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Lucara Diamond says its subsidiary Mothae Diamonds will be holding its first diamond sale later this month.

More backers for Rio’s Riversdale bid

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Global miner Rio Tinto has received acceptances for 30.6% of shares in its $3.9bn takeover target Riversdale.

The return of Siyabonga Gama

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Siyabonga Gama has been re-appointed chief executive of Transnet Freight Rail - the organisation from which he was summarily dismissed in June last year.

Great Basin settles notes

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Great Basin Gold has repaid its 2008 senior secured notes with the proceeds of a term loan facility from Credit Suisse.

Gem to spend $85m on Gope mine

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Gem Diamonds has cut the first phase cost of the Gope mine to $85m by going for an underground operation via a decline shaft, instead of developing a traditional open pit mine.

Sierre Leone seeks to revise mining deals

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Sierra Leone needs to revise recent large-scale mining leases to get a better deal for its people, says President Ernest Bai Koroma.

BEE deal opens door for Galaxy Gold listing

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Galaxy Gold has cleared a major obstacle which prevented it from listing on the JSE last year, announcing two empowerment transactions.

Japan’s steelmakers halt output

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Key Japanese steelmakers have stopped production at some plants as the country imposed power cuts to cope with the devastation brought by a massive earthquake and tsunami.