Gemfields attracting interest from retailers
International jewellery retailers were looking to buy a piece of Gemfields following its proposed takeover of historic brand Faberge, CEO Ian Harebottle said.
Zim shuts Afripalm Resources after Northam failure
Lazarus Zim sacked employees at the plush Sandton offices of Afripalm Resources following a dire couple of years in which he lost millions in personal fortune.
SA strike tremors serve as ominous reminder
Atlatsa said the long-standing strike at its Bokono Mines had ended, but renewed strike ructions serves as reminder of the parlous state of mine labour relations.
Partitioned rights key in MPRDA amendment
Amendments to minerals legislation would allow miners to subdivide properties, a function where they have been making their own way until now.
Exxaro’s Nkosi books R7.9m in share sale
Sipho Nkosi, CEO of Exxaro Resources, sold shares in his company despite the stock hitting a three month low last week on a forecast earnings could fall a fifth.
Pallinghurst flies to defence of 10-year plan
Arne Frandsen, CEO of Pallinghurst, says shareholders understand how the firm is adding value notwithstanding the deep discount at which its shares trade.
Godongwana says higher mine taxes possible
Enoch Godongwana, head of the ANC's economic transformation committee, said the mining sector may well attract more taxes.
Mining charter fails to meet BEE Act
The mining charter is the only empowerment code that does not conform to the trade and industry department's BEE legislation, the Black Management Forum said.
Davis earns £5.5m profit on Xstrata shares
Mick Davis, the outgoing Xstrata CEO, sold 661.590 shares in the company following the European Commission's approval of its merger with Glencore.
Mines unrest not solved by ending migrant labour
Migrant labour may be a contributing factor to the mines unrest in South Africa, but ending it will only cause hardship elsewhere, experts say.