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.
Exxaro sees significant HEPS increase
Diversified miner Exxaro says it expects to report a rise in first-half headline earnings per share, boosted by a good performance at its coal business.
Rio’s Albanese ‘realistic’ about Africa
CEO of the $127bn mining group says it serves to be realistic about where it can invest and that resource nationalism will be a challenge for 'years to come'.
Gold miners jump on risk aversion
JSE-listed gold mining stocks have surged in early trade as investors take shelter from the deteriorating global economic outlook and Europe's worsening debt crisis.
Shabangu speaks out on Hawks raid
Mines Minister Susan Shabangu has described a raid by the Hawks on her ministry's offices as sinister, and says a new mines DG will be appointed within two weeks.
Shabangu: ‘No quick fix’ on nationalisation
Uncertainty regarding mining sector nationalisation would be inevitable as government sought to tackle matter through its internal processes, says the mines minister.
Xstrata decries ‘unilateral’ policy changes
Governments seeking a greater share of mining profits should implement changes in regulations and taxes prospectively, and not retrospectively, says Xstrata CEO Mick Davis.