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Mining Yearbook 2016

Dividends on agenda despite Harmony’s debt, capital ‘priorities’

ONE of the painful lessons learned by the mining sector since the collapse of the commodity market has been the importance of using cash...

SA’s NEMA brings judgement down on trusts

AMBIGUOUS mining policies and laws left a legacy of thousands of derelict mines and latent consequences, such as acid mine drainage that is costing...

Light at the end of the tunnel for silicosis victims

IT has been a difficult year for the mining industry insofar as health and safety has been concerned, but the tide is turning for...

Decision time as Exxaro Resources gears up for new era

"UNFORTUNATELY, you are a week too early," said Mxolisi Mgojo, CEO of Exxaro Resources. That’s his response to a question about whether the group...

Self-inflicted damages worsen metals downturn for Africa

IN Southern Africa, severe drought conditions, a drop in commodity prices, and increasing pressure on the state purse have hit key mining economies. Some...

“We’re ahead at South Deep for first time since I can...

NICK Holland has received a few knocks in his eight years as CEO of Gold Fields including an investigation by the US Securities Regulation...

Anglo would consider Kumba’s role in SA mining champion

ANGLO American would consider a proposal to use its 70% stake in Kumba Iron Ore as a founding asset to create "a different type...

Jury out on whether AMCU has appetite for war of attrition

PLATINUM mineworkers’ current wage agreement with Anglo American Platinum (Amplats), Impala Platinum, and Lonmin came to an end on June 30, and the mining...

Eskom’s SA power play not entirely of its own making

ESKOM’S claims to have beaten the energy crisis in South Africa are, to a large extent, true, but only partly of its own making. The...

Vedanta’s Gamsberg benefits as SA economy slows

ONE of the more chastening points made by Tom Albanese, CEO of Vedanta Resources, was that the company was able to cut the cost...