Zwane revives black mining champion idea
South African mines minister, Mosebenzi Zwane, has revived the notion that a national mining champion could emerge as firms divest from South Africa.
De Beers to cut 189 jobs in South Africa
De Beers plans to cut 189 positions in South Africa as it looks to reduce costs during a period of softer demand for gems.
Guptas expected to dispute $133m Eskom fine
Tegeta Exploration & Resources are expected to dispute a penalty placed on Optimum Mine by Eskom.
Obuasi viability threatened by illegal miners
AngloGold Ashanti called for Ghana’s military to protect its Obuasi mine which is being overrun by illegal miners.
Keaton sells Leeuw Mining for R24.7m
Keaton Energy said it would sell Leeuw Mining to Bayete Energy Resources for R24.7m which will be settled through a royalty agreement.
Implats headline earnings up to 20% lower
Impala Platinum said interim headline earnings per share would be between 10% and 20% lower year-on-year largely due to a 15% decline in rand metal prices.
Mining charter facing ‘unconstitutional’ claim
A South African attorney may derail an out of court settlement regarding the mining charter between the industry and the government.
Cutifani admits disposals took too long
Anglo American took too long to restructure, said the UK-listed group's CEO, Mark Cutifani.
Acacia swings into $197m full-year net loss
Acacia Mining suffered a heavy $197m net loss for its 2015 financial year, but it kept its dividend unchanged with the previous year.
Charter consolidation unhelpful, says CoM
The Chamber of Mines was not in favour of the consolidation of its court order with those of MalanScholes in respect of the mining charter.