Mining CEOs pay rise double JSE average
Mining sector chief executives pay themselves twice as much as other top executives on JSE companies, according to a report by PwC.
Congo delays copper export ban
The Democratic Republic of Congo said it had delayed a copper and cobalt concentrate export ban to December.
Ivory Coast opposition focuses on mining
Ivory Coast opposition candidate Henri Konan Bedie has promised to diversify the cocoa-dependent economy into commodities such as oil and gold as he rallied thousands of supporters just days before a presidential vote.
Harmony halts work at mine after death
Harmony Gold said it had stopped work at the development area of its Kusasalethu mine following the death of an employee in a fall of ground accident.
Mopani suspends projects in tax row
Glencore's Mopani Copper Mines will suspend some of its planned $800m projects in Zambia after the authorities withheld $200m in VAT returns.
Renamo’s Dhlakama says “no need for war”
Afonso Dhlakama, head of Renamo which looks to be heading for a defeat at Mozambique's national polls, said there was no need for a return to war.
NUM urges firms to shut for Madiba funeral
Frans Baleni, secretary-general of the National Union of Mineworkers has asked mining firms to shut operations in Sunday for the funeral of Nelson Mandela.
Zim to auction Marange diamonds
Zimbabwe would set up a diamond auction system similar to the Antwerp diamond bourse in an effort to generate greater profits from its natural resources.
Sasol lifts profit 26%, drives efficiencies
Fuels-from-coal group, Sasol, drove interim profit 26% higher owing to the rand, and said it hoped to extract efficiencies from having streamlined the organisation.
Fitch switches SA outlook to ‘negative’
Ratings agency, Fitch, changed its outlook for South Africa to negative from stable partly owing to the protracted strike in the platinum sector.