South32 to put R6.1bn back in shareholders' pockets

2017-03-27 09:26

South32 intends to return an additional $500m (R6.1bn) to shareholders by means of a capital management programme which complements the company’s dividend policy.

Warrant for West Coast mine invalid - court

2017-03-21 10:04

The Western Cape High Court has declared a warrant used to authorise a search-and-seizure operation at the Tormin mine, on the West Coast, invalid and set it aside.

Cape court to deliver vital environmental judgment

2017-03-20 11:02

Judgment is expected on a review application brought by Australian-owned mining company MSR, whose operations have attracted strong criticism about alleged environmental malpractices.

No mining in Barberton Nature Reserve - SCA

2017-03-17 18:17

No prospecting can take place in the Barberton Nature Reserve, the Supreme Court of Appeal in Bloemfontein has ruled.

Shares in Motsepe's ARM rally on 234% jump in headline earnings

2017-03-16 17:08

Patrice Motsepe’s African Rainbow Minerals reported a R283m loss, despite growing headline earnings by 234%.

Indian billionaire to buy R32bn Anglo American stake

2017-03-16 07:21

Anil Agarwal, an Indian mining billionaire, plans to buy as much as £2bn (R31.51bn) of Anglo American shares in the market after a merger proposal failed last year.

Long sentences for Free State illegal miners

2017-03-14 18:32

A group of more than twenty illegal miners in the Free State have been given long prison sentences in the Virginia Circuit Court.

In the markets: What to watch this week

2017-03-13 07:27

On Tuesday we will see the release of the latest SA mining and manufacturing data. The next day, all eyes will be on business confidence and retail sales figures.

ANC says laws trump courts in SA mine ownership fight

2017-03-10 10:28

The ANC says mining firms should seek agreement with government over ownership rules rather than challenging them regarding wealth distribution to the black majority population.

Secret of the Kibali mine: Flying people in and gold bars out

2017-03-06 09:00

With Kibali nearing full production and no new discoveries since 2011, Randgold needs to find guaranteed output growth to impress investors wary of the shrinking pool of deposits.


Anglo says SA reorganisation adds sale flexibility

2017-03-21 18:11

Anglo American Plc said its decision to split some SA assets into a different subsidiary gives it the “flexibility” to dispose of its iron ore and export thermal coal assets should it decide to do so.

Dangote cement faces disruptions in Ethiopia

2017-03-20 18:32

Ethiopian regional officials are demanding foreign cement producers including Dangote hand control of some parts of their businesses to groups of unemployed youths.

Anglo’s billionaire investor puts mining on cusp of M&A era

2017-03-17 18:32

Anil Agarwal’s surprise move into Anglo American suggests the mining industry may be on the cusp of a new wave of deals.

Mining's biggest loser Lonmin is burning cash to stay alive

2017-03-17 14:14

Investors are losing confidence in Lonmin as it burns through cash to stay afloat, just 15 months after raising about $400m from shareholders.

Lily Mine recovery depends on 'government intervention' - lawyer

2017-03-16 10:13

Only with government intervention can the bodies of the three Lily Mine workers be recovered and the mine resume operations, a lawyer says.

'Did they find him yet?' - friend of toddler trapped in mineshaft

2017-03-15 11:16

A friend of Richard Thole, whose body is yet to be retrieved from a mineshaft in Jerusalem, an informal settlement in Boksburg, keeps reliving the last time he saw the 5-year-old.

Coal drags but mining production still on the up

2017-03-14 15:03

January mining production statistics show an improvement of 1.3% compared to the previous year.

A province of vast opportunity

2017-03-12 06:02

The Northern Cape takes up nearly a third of South Africa’s land area.

Worst of SA growth cycle now over - economists

2017-03-07 16:31

GDP contracted 0.3% in the last quarter of 2016, however economists believe that this may be the end of the low growth cycle.

Chamber questions expertise of new mining DG

2017-03-02 21:30

The Chamber of Mines says it is concerned about newly-appointed director general of the mining department Thabo Mokoena's depth of knowledge of the mining industry.

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