One day life was dandy, then Tanzania changed the law
IT’S astonishing how quickly business conditions unravelled for Acacia Mining, a UK-listed gold company operating in Tanzania and in which Barrick Gold, the Canadian...
Divestment from SA mining not entirely about political risk
AS expected, the publication of Mining Charter 3 last month provoked a wave of negative sentiment about South Africa's mining prospects.
The expectation is that,...
Acacia initiates arbitration with Tanzania as fallout continues
ACACIA Mining has initiated arbitration proceedings with the Tanzanian government but added that it welcomed a separate line of talks between the state and...
Which firms hurt most in unplayable, unpassable Mining Charter?
SOUTH African mining shares were roundly penalised on June 15 following the publication of the third Mining Charter, a redraft of the 2010 version...
Tanzania rushes through laws forcing miners to renegotiate deals
JUNIOR mining companies listed in Australia asked for a suspension in trading following Tanzania's special bills last week which threatened to tear up agreements...
Transnet insists balance sheet is tough enough as economy falters
TRANSNET, the state-owned logistics and freight moving company, insisted it was under no pressure despite a sovereign rating downgrade earlier this year, saying it...
Coal juniors Scinta, Canyon keep flag flying for SA mining investment
FOR all the scepticism and dark foreboding in South Africa's mining sector some brave souls continue to find a way to invest, especially in...
Zwane appears to issue veiled warning to AngloGold Ashanti
AngloGold Ashanti spokesman Chris Nthite described a meeting held today with Minister of Mineral Resources Mosebenzi Zwane as “cordial” despite a government statement released...
Sibanye to restart operations at Cooke on July 3
Sibanye Gold will restart operations at the group’s Cooke shafts on July 3 following the end of an unprotected strike which started on...
JP Morgan sounds the alarm on Tanzania’s proposed mining laws
The draft legislation published by the Tanzanian government recommending changes to the legal framework governing the country’s natural resources sector contains a number of...