Off The Wires

SA mining must overcome win/lose: Magara

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Lonmin CEO, Ben Magara, said it was crucial South African mining emerges from the win/lose situation in which it currently found itself.

MPRDA bill unlikely to be passed soon

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The Minerals & Petroleum Resources Development Amendment bill was unlikely to be passed this year as parliament rises on November 8.

Private equity moves into mining sector

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Private equity has turned its hand to mining in search of value with a number of former mining supermos finding support there.

Gold decline will spur consolidation: Kinross

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Gold was due for its first annual decline in 13 years this year which would spur consolidation among producers, said Paul Rollinson, CEO of Kinross Mining.

Strikes will hit SA GDP: Nene

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Gross domestic product growth in South Africa would be negatively affected by strike action, said deputy finance minister, Nhlanhla Nene.

Govt approves conditions for fracking

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The prospect of hydraulic fracking in South Africa increased after government published technical regulations on the practice.

DRC to welcome more Inga 3 bidders

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The Democratic Republic of Congo said it would welcome more groups in the bidding process to build the $12bn Inga 3 power project.

Newcrest shakes up executive team

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Newcrest Mining has replaced its CEO and chairman after the company wrote down $5.9bn.

NUM fails in court bid to stop restructuring

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The National Union of Mineworkers failed in a court bid today to halt the planned retrenchments of 3,300 workers at Amplats' Rustenburg mines.

Aquarius fears assault in death of female miner

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Aquarius Platinum said a preliminary investigation indicated that assault have been involved in the death of a female miner at its Kroondal mine.