Metmar questions legality of ‘chrome export ban’
Implementation of a proposed $100 per tonne levy on chrome exports will
effectively 'ban' the industry, and may not stand up constitutionally, says Metmar's
David Ellwood.
Lower grades, coup knock Randgold’s output
Randgold Resources didn’t escape the knock-on effects of the recent military
coup in Mali, with production down almost a fifth at the group’s key assets in
the West African country and costs rising significantly as a consequence.
Investors to buoy platinum price in 2012
Investment demand for precious metals in general would help support the
platinum price, although the Eurocrisis remained a downside risk to the metal’s
important industrial demand.
Bristow keeps faith despite Randgold sell-off
Randgold Resources CEO Mark Bristow has dismissed the notion that the stock
is at the mercy of political events in the territories where the company
operates.
Mining Lekgotla planned for June
Roleplayers in the mining industry, labour and government have announced the staging of a Mining Lekgotla to put their heads together on the sector’s future challenges.
Eskom buy-backs hit Merafe output
Merafe Resources says its production of ferrochrome was 21% lower during the first quarter of 2012 than
the comparative period, mainly due to power buy-back deals with Eskom.
Mining directors boost their balance sheets
The spate of holidays in April has been a time for some company directors to
reflect on the new-found strength of their personal balance sheets.
Zambia to tighten grip on tax compliance
Zambia plans to tighten its grip on the government's share of profits made at the country's mines, according to a Reuters report.
Aquarius plummets after another poor show
Aquarius Platinum had to contend with another quarter of wafer-thin or
negative margins at its major operations, again causing a slide in the
company’s share price.
Firestone to lift veil on restructuring
Firestone Energy has requested a suspension in the trading of its ASX and JSE-listed
shares, expecting to announce a major restructuring by Wednesday.