SA Govt agrees to test mining charter in court
South Africa mines minister, Ngoako Ramalthodi is expected today to say mining firms failed the mining charter audit but he will have his decisions tested in court.
DMR, CoM joint audit test avoided legal fracas
The Department of Mineral Resources and the Chamber of Mines wanted contentious parts of the mining charter tested in court because the alternative was a legal fracas.
Exxaro gives Mgojo year to prove mettle
Mxolisi Mgojo has been appointed CEO-designate of Exxaro Resources as Sipho Nkosi calls time after seven years in the hot seat.
Is Exxaro winning back followers?
Shares in the coal producer have been volatile this month despite producing solid interim results, perhaps suggesting Exxaro hasn't yet won the trust of investors.
DRC will learn from Zambia tax U-turn
Proposals by the Congo to change its tax laws on mining firms would be informed by the U-turn performed by Zambia earlier this week.
Zijn to buy C$105m stake in Ivanhoe Mines
Zijn returns to South Africa for a second time in as many years agreeing to take up 9.9% of Ivanhoe Mines which is building the Platreef platinum project.
Nkosi to step down as Exxaro CEO
Sipho Nkosi is expected to step down as CEO of Exxaro Resources after more than eight years in charge of the coal, iron ore and mineral sands company.
South32 adopts 40% earnings payout policy
South32, to be demerged from BHP Billiton, would adopt a dividend cover approach as it sought a strong credit rating and targeted acquisitions.
South32 will offer JSE investors mid-cap choice
The listing of South32 on the JSE will see it slot into the scarcely populated mid-cap mining space currently occupied by Exxaro Resources, but few others.
Miners may test SA Govt’s BEE charter in court
End-March currently stands as a critical moment for the SA mining sector as a government report about the status of the 10-year BEE process falls due.