Future of African mining
The perspectives of Paul Jourdan, who co-leads the ANC commission of inquiry into whether nationalisation is a policy option for the mining industry, about the future of the African minerals complex.
Where the big bucks are
It’s hellishly difficult to find the expertise to commission mines, which carry high risk, so for the few who hold engineering or geology degrees, life promises to be good.
Mines make less than what they spend
The Youth League’s proposal to nationalise SA's mines is wrongly based on the idea that the sector is coining money; money that will be better put to use by government.
CoalTrans told to ’embrace’ mines debate
Bridgette Radebe, president of Samda, has told the Coaltrans conference that industry should "embrace the debate" of nationalisation rather than decry it.
A mining strip show
Pamodzi's messy liquidation made a lot of money for someone - and it wasn't the mineworkers.
Vale’s Metorex rival needs to hurry
A concern for Metorex shareholders is that a competing offer for the company should be tabled in time.
Grootvlei left in ruins
Estimates indicate it will cost R500m to replace equipment removed from Grootvlei during Aurora Empowerment System’s tenure as administrator, rendering the asset completely unviable.
Investors score as Metorex battle heats up
Shares in Metorex have climbed 5% at the time of writing, edging towards R8 per share, but they may go higher.
Preparing for a winter’s discontent on wages
The effect of negotiated pay increases on unit costs, especially for SA’s gold miners and stoppage-hit platinum miners, won’t be known until late August.
Tanzania good as gold, despite tax panic
Market reaction to a purported super profit or windfall tax in Tanzania seems premature, with the country likely to keep in step with its reputation as a reliable district.