Off The Wires

Glencore to sell silver for $900m payment

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Glencore made further progress on its debt reduction strategy after selling a share in its future silver output from its Antamina mine in Peru.

CoM calls for 5-year carbon tax moratorium

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South Africa's Chamber of Mines said a proposed carbon tax should be delayed by five years in the absence of a proper cost and benefits analysis.

Trans Hex passes dividend, market healthy

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Trans Hex passed the interim dividend but said demand for its products remained healthy despite slowing trading conditions in China.

Carbon tax would not hurt SA miners: Treasury

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A proposed carbon tax would not hurt South Africa's mining sector, said Reuters citing comments by the country's National Treasury.

Lonmin issues do or die rights offer circular

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Lonmin said if shareholders did not support a $400m rights offer later this month the company could cease trading.

SA facing water supply cuts

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South Africa may implement water restrictions in provinces most affected by a drought - the worst since 1992.

SA miners given 12 months on BBBEE

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South Africa's mining sector has been exempted from complying with the BBBEE Act for 12 months whilst it is harmonised with the MPRDA.

Motlanthe declares tripartite alliance dead

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A loss of strong leadership within the South African government had undermined the tripartite alliance between the ANC, the SA Communist Party and Cosatu.

Tharisa loses 30% of October shifts

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Tharisa said it lost about 30% of all production shifts in October at its Tharisa Mine following two Section 54 stoppages.

Impala Platinum to commission furnace

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Impala Platinum is to commission an idled furnace this month, giving it extra capacity for greater flexibility in handling its own concentrate.