Exxaro to cut jobs amid restructure
EXXARO Resources has confirmed union reports that it is planning job cuts.
Exxaro said these form part of a group restructure to improve productivity and...
Anglo confirms long-standing CFO Medori to quit
ANGLO American’s finance director, René Médori, will retire when he turns 60 in 2017.
Médori, who has been in his position since 2005, is one...
Markets not fazed as BHP Billiton cuts its iron ore target
Investors reacted positively to BHP Billiton’s third quarter update despite mixed results and a cut in its iron ore production target - the second...
Mining Charter: DMR says it ‘anticipated’ industry’s reaction
Government has a responsibility to legislate and that was the intention with which the Department of Mineral Resources (DMR) released a new draft Mining...
South Deep provides hope for Gold Fields
Better than expected production results from its South Deep operation in South Africa and a development agreement in Ghana may provide Gold Fields investors...
DRDGold finds long term solution for Ergo
DRDGold increased production by 4% quarter on quarter for quarter to end-March.
It produced 1,187 kilograms, despite a 7% drop in throughput to 5.896 million...
Draft charter is “economic suicide” for SA
MINING minister, Mosebenzi Zwane, has caused significant damage to South Africa’s economy with the release of a new draft Mining Charter, said a senior...
Shock new charter may outflank industry bid for legal clarity
LAWYERS have expressed concern over a new draft version of the Mining Charter that was published this afternoon and deduced that the unexpected move...
What De Beers thinks of selling granny’s diamonds
FOR decades De Beers sold diamonds on the basis of their eternal and unique appeal. Both these characteristics, however, are being unseated by a...
Tegeta seals R2.15bn Optimum deal
THE controversial acquisition of Optimum Coal by a unit of the Gupta family’s Oakbay Investments has gone ahead.
The R2.15bn deal was executed through Oakbay’s...