Home News Page 891

News

AMSA says carbon tax to cost R600m a year

0
The proposed carbon tax would cost the steelmaker more than R600m with no apparent means of reducing carbon dioxide emissions from steel production in the future.

DMR defends MPRDA in fiery parliament debate

0
The mineral resources department said amendments to the MPRDA would take SA forward - a claim opposition MP, James Lorimer, questioned.

Barrick ‘still a seller’ of African gold unit

0
Greg Hawkins, CEO of African Barrick, said the firm's Canadian - Barrick Gold - was still a seller of its stake, but was supportive of the turnaround strategy.

Petra targets 3m carats as gem market firms

0
Petra Diamonds said it could produce as much as 3 million carats in the current financial year amid a firm diamond market.

Investment climate chills for Mozambique

0
Optimism about mining prospects for the southern Africa country has cooled amid renewed political hostilities and the climb-down in commodity prices.

Anglo’s Cutifani targets $1.3bn cash flow lift

0
In his first results presentation, Anglo's Mark Cutifani also took the hatchet to management levels and was withering of the group's capital discipline.

‘Anglo relationship to SA must change’: Cutifani

0
Anglo American was weighing up its relationship to South Africa, a country where it still derives most of its value.

Lonmin wary of safety, labour stoppages

0
UPDATED - Lonmin said Q3 mining had been hampered by safety stoppages, but added it remained confident of meeting its 660,000 ounce full-year sales forecast.

Glencore completes Mutanda, Kansuki merger

0
Glencore Xstrata said it had completed the merger of its Mutanda copper and cobalt mine with Kansuki - a deal that sees Ivan Glasenberg work with Dan Gertler.

Political undertone to coal terminal plans

0
One view as to why South Africa's Transnet needs to build another new coal export lies in the government's interest in controlling flows of the fuel.