South 32 shoots the lights out as SA aluminium booms again
South 32 churned free cash flow and profits during the year to end-June as the group benefitted from the global recovery underway in demand...
Buffalo Coal skating on thin financial ice
Buffalo Coal (formerly Forbes & Manhattan Coal) sank even deeper into a financial quagmire in the six months to end-June and its continued survival...
Optimum’s stake in the RBCT changes hands again
Gupta-owned Oakbay Resources – which was delisted from the JSE last month – has sold operating subsidiary Tegeta Exploration & Resources (Tegeta) to Swiss-based...
Africa’s ‘miner bashing’ plays to the popular heart
COMMENTING on a decision by the Tanzanian government to blockade gold-bearing concentrate produced from Acacia Mining’s Bulyanhulu and Buzwagi mines earlier this year, Investec...
MPRDA heading for same legal wrangling as Mining Charter
LEGAL experts have warned that amendments to the Minerals & Petroleum Resources Development Act – crucial for regulatory certainty in South Africa’s mining industry...
North Kivu safer than Johannesburg says DRC tin miner Alphamin
Canadian-listed Alphamin Resources hoped to finalise the remaining funding required to build the Bisie tin mine in the North Kivu province of the Democratic...
AngloGold Ashanti close to re-opening Ghana’s Obuasi mine
AngloGold Ashanti is close to a decision to re-open the Obuasi mine depending on the outcome of talks with the Ghanaian government to finalise...
Zero sum game: Why the Mining Charter redraft has no winners
The third revision of the Mining Charter gazetted on June 15 sent shock waves through South Africa’s mining industry. The onerous set of new...
AngloGold Ashanti sounds edgy about developments in Tanzania
Developments in Tanzania are “concerning” for AngloGold Ashanti because its Geita mine is a “tier one” asset in which it is currently investing $180m during the current financial year...
National Treasury not applying Eskom BEE coal supply diktat
THE National Treasury's oversight of Eskom's coal procurement activities has had "a neutralising effect" on the process of signing coal sales agreements (CSAs), said...