Chavez to nationalise Venezuelan gold industry
Venezuela will nationalise its gold industry and is moving its international reserves out of Western countries, says President Hugo Chavez.
Northam battles unit, capital cost hikes
The Booysendal project will now cost R3.9bn in today's money terms forcing the platinum producer, troubled by poor geology and rising costs, to seek additional debt finance.
Bonanza payout for Exxaro workers
Exxaro Resources mineworkers stand to receive up to R117,000 each in November when the group's first broad-based employee share incentive scheme matures.
Optimum surges on deal prospects
Shares in Optimum Coal Holdings are on the charge following a cautionary announcement and expectations it would add assets to its porfolio.
SA ‘sacrifices’ water for gold
SA has sacrificed its water for gold and the yellow metal has therefore become a curse as acid mine drainage is affecting the economy and health of citizens, says an expert.
Peru, miners in pact to change royalties
Peru's mining firms have agreed to pay higher royalties in an overhaul of the current system, say sources on both sides of negotiations between companies and government.
Namibia makes u-turn on mining taxes
The Namibian government has backed down from far-reaching mining tax proposals, saying it will meet revenue targets when the industry is allowed to flourish.
ICT: Kumba’s Sishen rights ‘non-existent’
Imperial Crown Trading 289 has questioned the status of Kumba's 78.4% mining right over Sishen mine, saying the firm had not registered its converted
right on time.
Zimbabwe approves mineral exploration body
Zimbabwe's Cabinet has approved the draft framework for establishing a company to spearhead exploration of minerals throughout the country, according to a report.
Kumba lets fly at ICT testimony
Kumba Iron Ore has laid into allegations that it had deliberately sabotaged ICT's application for a 21.4% prospecting right in Sishen mine to make the submission appear fraudulent.