Off The Wires

BHP won’t rebase dividend after demerger

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BHP Billiton would not rebase its dividend once it had completed the demerger of non-core assets into South32.

ContiCoal gets $5m loan from Mint Ivory

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Continental Coal is to receive a $5m loan from Ivory Mint, the UK investor that bid $75m for the 74% South African subsidiary of Continental Coal.

Palabora approves R9.2bn mine expansion

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Palabora Copper approved a previously announced R9.2bn expansion of its facilities extending the life of mine 20 years.

BHP to press on with South32, lifts div

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BHP Billiton lifted the interim dividend, said it was well prepared for the metals downturn, and appeared content to press on with its demerger plans.

Zambia eases VAT refund procedure

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Zambia's newly elected Edgar Lungu eased regulations for VAT refunds and said he would discuss higher royalties on mines with foreign-owned companies.

Productivity a key element of gold wage talks

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CEOs from South Africa's largest gold producers said productivity gains ought to be offered by unions in return for higher wages when wage talks start this year.

Sierra Leone expects recovery post-Ebola

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Sierra Leone was hopeful Ebola virus cases would drop to zero in three months - a development that would be the first step in the recovery of its mining sector.

MPRDA won’t separate oil and gas provisions

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Mines minister Ngoako Ramatlhodi said expedience meant aspects of the MPRDA related to the oil and gas industry would remain in the act ... for the time being.

Mahanyele to quit Shanduka Group

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Phuti Mahanyele is to leave Shanduka Group in June after 10 years at the company in order to start her own business.

Naive to hope CEOs will openly criticise Govt.

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Bernard Swanepoel, chairman of Village Main Reef, said it would be naive to think chief executives could openly criticise the South African government.