Big concern over Namibia’s mining tax plans
The Namibian government’s proposals for additional taxes on mining may shake the foundations of the country’s industry, say sector players.
BHP in $700m mine contractor buyout
BHP Billiton has agreed to buy a company providing mining contracting services to its Western Australian iron operations from Leighton Holdings for A$705m.
Is it too late for gold fever?
As gold soars to new record levels of over $1,700/oz after the US has suffered its first-ever debt downgrade at the hands of S&P, is it too late to catch some of the upside?
Gold breaks through $1,700/oz
Bullion has roared to record highs above $1,700 an ounce as an unprecedented downgrade to the US credit rating sent investors scrambling out of riskier assets.
Key BHP Olympic Dam ally to step down
An Australian politician who has played a key role in developing BHP Billiton's Olympic Dam mine and is now under pressure to step down has vowed to stay on until October.
Oppenheimers explore new ventures
The Oppenheimer family, which built its fortune on diamonds, sees opportunities in agriculture and African consumers.
Resource nationalism the ‘biggest risk’
Resource nationalism is the biggest threat facing the mining sector this year and next as governments seek to take advantage of higher commodity prices, says Ernst & Young.
Rio Tinto misses target, expands buyback
Global miner Rio Tinto has reported a 35% jump in first-half profit, but missed market expectations.
Cosatu: nationalisation is a given
Nationalisation is going to happen; it is just the manner in which it will be implemented that needs to be decided, says the Congress of SA Trade Unions.
SA not geared for resources run, says Sanlam
Mining will add more than an additional R50bn to SA’s GDP by 2015 if infrastructure bottlenecks are cleared and market share is maintained, says an investment house.