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Business seeks no detours to Presidency

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Ongoing engagement at presidential level between business and government about the New Economic Growth Path will be the first outcome of last week's job-creation summit.

Govt mulls over acid drainage levy

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Government is looking at introducing a tax on mines as a way or force them to pay for the drainage of acid mine water into the water system.

Mantashe rubbishes mines tax report

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ANC secretary-general Gwede Mantashe has denied that the ruling party is considering changes to the country’s mining royalties system, according to Business Day.

Vale keeps steelmakers sweet on pricing

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Top global iron ore miner Vale will stick with quarterly pricing for its steelmaker customers, sparing them for now a more market-sensitive system which they have fiercely resisted.

ANC mulls Aussie- style mines tax

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Government may overhaul its minerals royalties regime to cash in on high commodity prices and may use Australia's controversial resources tax as a template, says a deputy minister.

Sierre Leone seeks to revise mining deals

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Sierra Leone needs to revise recent large-scale mining leases to get a better deal for its people, says President Ernest Bai Koroma.

Diversified miners rake it in

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Particularly pleasing aspects of the latest financial reporting season are the excellent performances from South Africa’s diversified miners African Rainbow Minerals and Exxaro Resources.

Manuel in new controversy

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A beleaguered Trevor Manuel may face a further backlash after calling the ArcelorMittal empowerment deal, which benefits those close to President Jacob Zuma, "the ugliest face of BEE'.

Zim firms favour 26% local ownership

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Zimbabwe's mining firms will be comfortable with selling stakes of 26% to local owners under a state plan that aims to eventually transfer majority control, the head of the mining chamber says.

AEMFC ‘special favours’ law to be repealed

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Mines Minister Susan Shabangu has approved the withdrawal of some special regulatory exemptions previously granted to state miner AEMFC.