President Cyril Ramaphosa announced on Monday that mining companies must place their underground mine operations and furnaces under care and maintenance.
Anglo American has completed its acquisition of Sirius Minerals, a UK mining company that also owns a fertiliser business, after the takeover secured court approval, it was announced on Monday.
Rio Tinto Group will pay former Chief Executive Officer Sam Walsh about A$6.8 million in bonuses withheld amid probes related to an African iron ore project, despite the miner’s concerns that the investigations remain in progress.
Iron ore mining company Assore on Tuesday announced a share buy-back and plans to delist from the JSE. The move saw its share price rise 80%.
Mining company Exxaro expects its headline earnings to improve between 5% and 19%, however ebitda is projected to decline on lower export prices for coal.
Its maker claims it is capable of performing just as well, if not better, than its diesel-powered counterparts.
South Africa’s has an estimated budget deficit of R150 billion in the medium term, and fresh mining profits won't put much of a dent in that.
The minister has suggested redirecting mining royalties to a sovereign wealth fund.
President Cyril Ramaphosa said last week that South Africa would be creating both a sovereign wealth fund and a state bank.
South Africa's announcement that it will open up electricity generation to other players, effectively breaking Eskom's monopoly, has been welcomed by many, especially the mining industry, a key sector in Africa's most industrialised economy.
While businesses, learning institutions and event organisers brace for Covid-19, power utility Eskom says it also has an action plan.
SA’s resource companies are determined to increase the number of women working for and supplying them. It’s not only an important societal issue – it makes good business sense.
Exxaro was hit by lower demand from Eskom's Medupi power station after a conveyor belt broke.
RBPlat is still quantifying the impact of Amplat's force majeure.
CEO Neal Froneman says the mining group is hoping to 'pull the trigger', within six to nine months.
When Natascha Viljoen takes the helm of Anglo American Platinum in April, she will find a “fierce crocodile” in her in-tray.
Mineral Resources and Energy Minister Gwede Mantashe said government is working to get additional energy capacity, but it won't be rushed.
The minister of energy and mineral resources says his department will provide further details on the proposed utility when it draws up its budget.
After more than seven years at the helm, the Anglo American Platinum head will step down in April.
Gold Fields won’t be rushing to join AngloGold Ashanti in exiting the country after its last mine in SA returned to profit last year.
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