Glencore's long hunt for Rio Tinto's coal mines slips away

2017-06-27 11:52

Glencore’s years-long pursuit for a bigger Australian coal business has delivered another setback after Rio Tinto passed on the company’s offer for a second time.

Exxaro says BEE deal is ‘appropriate’ amid Mining Charter uncertainty

2017-06-26 08:38

Exxaro believes its new black economic empowerment restructure will be “appropriate” amid increased uncertainty over the new Mining Charter.

Coal miners killed in underground blast in Colombia

2017-06-25 06:27

At least eight people have died and five are missing after an underground explosion at a coal mine in central Colombia.

Ramaphosa gave Mining Charter the nod, says Zwane

2017-06-23 18:57

Despite his critique of the consultation process involving the Mining Charter, Deputy President Cyril Ramaphosa supported it, says Mineral Resources Minister Mosebenzi Zwane.

Zwane 'chased away' from Mpumalanga mining indaba

2017-06-23 11:38

Mineral Resources Minister Mosebenzi Zwane has had to be whisked away from an angry crowd closing in on him at a community meeting in Mpumalanga.

Zwane drops a Mining Charter

2017-06-18 06:09

The new document is riddled with controversial clauses, radical changes and claims of near-zero consultation, making legal action inevitable.

Editorial: A war we can’t afford

2017-06-18 05:53

Mineral Resources Minister Mosebenzi Zwane has hailed the new Mining Charter as a ­“revolutionary tool” that will transform the economy and boost growth and investment.

New charter could cause foreign capital flight - mines analyst

2017-06-16 05:00

The new Mining Charter could lead to the exit of foreign investors, lower dividend payments and further unemployment, warns a mining analyst.

JSE bruised as mining stocks hit by new charter

2017-06-15 20:30

The JSE has closed significantly lower ahead of the long weekend, with mining stocks feeling the pain following the release of a redrafted mining charter.

Markets bloodbath as Zwane shocks mining sector

2017-06-15 13:25

The rand dived almost 2% and mining firms saw about R30bn shaved off their combined market capitalisation after Mines Minister Mosebenzi Zwane announced a new stringent mining law.


Chinese firm adds incentives to fend off Glencore's challenge of Rio assets

2017-06-26 10:41

China-controlled Yancoal Australia has added new incentives to its offer for Rio Tinto's Australian coal assets to fend off a last-minute challenge by rival Glencore.

Banks balk at risk of funding Mining Charter deals

2017-06-26 07:59

SA’s plan to force mining companies to give the black majority a bigger stake in the mineral wealth faces a major obstacle: convincing banks to back billions of dollars of fresh deals in an industry in decline.

Glencore's last minute gambit gives Rio cash-or-China dilemma

2017-06-24 10:44

Glencore's last-minute bid for Australian coal mines leaves Rio Tinto Group with a dilemma to mull over the weekend: accept less money or risk upsetting its biggest customer

Zwane booed as locals disrupt Mining Charter meeting

2017-06-23 16:17

The first imbizo on the Mining Charter in Mpumalanga has been postponed after it was disrupted by disgruntled community members, who insisted that premier David Mabuza be present.

New charter won't bring down mining sector - Zuma

2017-06-22 18:06

President Jacob Zuma has given the controversial new Mining Charter a ringing endorsement, and denies it will be “an action that brings down the mining sector”.

FSB takes steps to recover missing R255m

2017-06-18 06:02

The Financial Services Board (FSB) has placed Bophelo Benefit Services and the Bophelo Beneficiary Fund under curatorship after City Press reported that R255m in mine worker pension money was missing from the fund.

Mining Charter reflects what ails SA

2017-06-18 05:53

The latest iteration of the charter intends to explicitly benefit only a small elite, most likely those already connected to patronage networks, writes Christopher Rutledge.

New mining charter legally flawed - lawyer

2017-06-15 21:04

The new Mining Charter contains a number of flaws that are not in accordance with legislation, says mining lawyer Peter Leon of Herbert Smith Freehills.

Motsepe's ARC could raise over R3bn in listing

2017-06-15 19:00

African Rainbow Capital, financial-services firm started by Patrice Motsepe plans to raise more than R3bn in an initial public offering of its investment-holding unit.

12-month deadline to reach 30% black mine ownership

2017-06-15 12:24

Mining companies will have 12 months to adhere to the 30% black ownership requirement set out in the new Mining Charter that will be gazetted, says Mineral Resources Minister Mosebenzi Zwane.

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