Pan African’s Nelson short on fripperies
Apart from the somewhat sleak-looking Rosebank offices, Pan African Resources is known for keeping the purse strings tight. CEO Jan Nelson says that will continue.
No clarity for SA miners in Budget
Finance Minister Pravin Gordhan’s budget review for 2013 still did not give any clarity on whether there will be additional taxation on mining companies operating in South Africa.
Pan African Resources dips as CEO exits
Jan Nelson, chief executive officer for small-cap gold miner Pan African Resources Plc, has quit.
Amcu represented in mining framework
The views of the Associated Mineworkers & Construction Union (Amcu) had been incorporated into a Peace and Stability framework,
Village Main on lip of broad corporate reshuffle
The possible closure of Village Main's Buffelsfontein gold mine may the first of several corporate changes as the firm looks to reposition itself strategically.
Rising bets on lower gold price
According to Dow Jones Newswires’ Matt Day, fund managers are ramping up their short positions on gold as they bet the commodity price will move lower in the coming weeks.
O’Neill appointed to Anglo board
BOARD MEMBER: Joint interim CEO Tony O'Neill appointed to AngloGold Ashanti board.
Amcu absent from Govt. brokered peace pact
Amcu missed the deadline for a peace pact with platinum firms amid confusion as to whether it is responsible for newly founded workers' committees.
SA platinum embroiled in economic crisis
Mine bosses told a minerals portfolio committee that SA's platinum sector was trapped in a crisis; one that would be worsened by 16% electricity tariff hikes.
Gona unrelenting on royalty tax
FRED Gona, parliament’s mineral resources portfolio committee chairperson, said he would not relent on a plan to channel mining royalties directly into the fiscus despite criticisms from the mining sector that taxes should be ring-fenced.