‘Once empowered, always empowered’ not recognised as 30% target set by...
THE redrafted mining charter will not recognise past empowerment deals and has given the mining sector a year to comply with a new ownership...
Acacia hopeful Govt talks will “rebase operating environment”
NEGOTIATIONS between the Tanzanian government and Acacia Mining - along with its major shareholder Barrick Gold - had yet to start, but Acacia would...
CoM boycotts ‘suspicious’ eleventh hour mining charter meeting
THE launch of a redrafted mining charter will get off to the worse possible start tomorrow after the Chamber of Mines said it would...
Froneman stumps up R19m as follows rights in Stillwater deal
NEAL Froneman, CEO of Sibanye Gold, has subscribed for R19.4m shares in the company in terms of its $1bn rights issue, the proceeds of...
Fosun promises China riches in 10% bid premium for Gemfields
HONG Kong-listed conglomerate Fosun International has put flesh on the bones of its potential rival offer for Gemfields saying it would pay a 10%...
Kibo exempt as Tanzania turns spotlight on mineral export graft
POTENTIAL changes in the mining policies of Tanzania would have no affect on plans by Johannesburg-listed Kibo Mining to develop the Mbeya Coal to...
Pallinghurst faces battle as Gemfields engages rival suitor
PALLINGHURST Resources may be drawn into a bidding war for control of Gemfields after the UK-listed firm said it had solicited a "possible competing...
Pressure mounts on Gupta’s Oakbay after transfer secretary quits
PRESSURE is building on Oakbay Resources and Energy, the Johannesburg-listed energy and gold company in which the Gupta family are the main shareholders, after...
Cash flush South32 may be lining up a bumper dividend
SINCE reaching its best ever valuation since listing in mid-2015, shares in South32 have been under something of a correction, down about 13% between...
Tanzania takes Acacia to brink with billions of dollars in unpaid...
SHARES in UK-listed gold producer, Acacia Mining, were under renewed pressure today after it announced potentially disastrous recommendations by the Tanzanian government based on...