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Zambia may lift royalties, bin corporate tax

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Zambia may dispose of corporate taxes for mining companies and raise the 6% royalty on minerals instead.

Metal slump ominous for 2015 prospects

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The slump in metal prices and commodity stocks was a bad omen for 2015 where world economic growth would be scratchy at best.

Working group to manage SA power crisis

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A working group consisting of business associations and government departments has been created to find innovative ways of boosting SA's electricity supply.

SA sets aside R5bn for mining, technology

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South Africa finance minister, Nhlanhla Nene, set aside R5bn of the country's R1.24 trilliion budget to mining and technology industries.

Baxter anointed COO of CoM

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Roger Baxter, an economist, has been appointed chief operating officer at the Chamber of Mines where he will continue to lead strategy for the industry.

Sables sells resources to Lemur for $600,000

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Sable Metals and Minerals is to sell three projects to Lemur Resources for $600,000, a consideration to be paid in tranches.

Implats questions beneficiation plans

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Impala Platinum questioned the meaning of beneficiation as contained in proposed amendments to the Minerals & Petroleum Resources Development Act.

Lucapa says Lulo offers huge value

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Lucapa Diamonds, an Australian-listed business, believed its Lulo diamond mine in Angola could become the country's most valuable.

Absence of Q4 strikes shows SA potential

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The absence of major strike activity in the fourth quarter saw the South African economy grow 3.8%, according to the statistic office.

Zimplats to close Esop by March

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Zimplats said it would transfer 10% of its shares to an employee ownership trust by March in terms of Zimbabwe's indigenisation demands.