Crisis or not, there's no better time to start a sovereign wealth fund – Mantashe

2020-02-20 13:07

The minister has suggested redirecting mining royalties to a sovereign wealth fund.

Mantashe says mining royalties could help to start up sovereign wealth fund

2020-02-19 15:13

President Cyril Ramaphosa said last week that South Africa would be creating both a sovereign wealth fund and a state bank.

Miners welcome SA's plans to open up power generation

2020-02-16 14:05

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.

OPINION: Diamonds were once synonymous with the language of love. Times change

2020-02-14 06:00

Tech innovation and dramatic changes in consumer preferences are disrupting the diamond industry, which has serious implications for job security in Africa, says Babar Dharani.

AngloGold picks Harmony to buy SA assets

2020-02-11 10:04

AngloGold Ashanti picked Harmony Gold Mining as the buyer for its last remaining South African operations, according to people familiar with the matter.

Machines might not take miners' jobs, but could save their lives

2020-02-07 05:01

Simine consultant Antony Mello told Fin24 that the company served assisted the mining industry to define and understand the "organisation of the future", using tech to simplify tasks and help save lives.

Goldfields anticipates higher earnings for 2019 financial year

2020-02-06 21:38

Goldfileds expects to finish 2019 on a high due to higher production, higher gold prices achieved, lower cost of sales and lower impairment charges.

Can mining companies generate their own power without licenses?

2020-02-05 21:45

Mining companies would do well to examine the detail of any legislative amendments that follow from Minister Gwede Mantashe's announcement that they can generate power for self-use.

South African exit looms as AngloGold pivots towards the Americas

2020-02-05 12:13

The mining group is pivoting toward the Americas to develop more profitable assets.

3 main risks to sustainable mining in South Africa - report

2020-02-03 21:27

There are three main risks for the mining industry in South Africa, according to a report released by FTI Consulting at the Investing in Africa Mining Indaba in Cape Town.


'We'll make it happen': Mantashe says plan for new power utility a 'reality'

2020-02-20 10:18

The minister of energy and mineral resources says his department will provide further details on the proposed utility when it draws up its budget.

Amplats CEO Chris Griffith to step down; group declares final dividend of R52.60/share

2020-02-17 09:17

After more than seven years at the helm, the Anglo American Platinum head will step down in April.

Gold Fields shuns SA exit on South Deep turnaround

2020-02-14 09:56

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.

10 people arrested for stoning of 'zama zama' miners after shootout with cops

2020-02-12 16:35

Following a shootout with suspected illegal miners, police say they have arrested 10 people that they believe are linked to the stoning and killing of 10 illegal miners in Roodepoort in January.

Government should stay on course with renewables shift, says Deloitte exec

2020-02-09 14:29

Deloitte Africa's leader in energy resources and industrials, Andrew Lane, told Fin24 that decarbonisation would become a much more prominent issue for South Africa in the coming years and that every bit of progress was significant.

Harmony Gold expects revenue gains following gold price increase

2020-02-06 21:46

A gold price increase sets Harmony on a growth path.

Africa's largest steel producer reports R4.7bn loss as demand plummets

2020-02-06 18:27

Arcelormitta's revenue decreased by 9% as sales volume takes an 8% knock

'Alternative Mining Indaba': you should not only take oil and diamonds

2020-02-05 20:01

A group of protestors marched to the Investing in African Mining Indaba in Cape Town to highlight their concerns over the problems extractive mining is causing for communities who live near mines.

State capturers who wanted a piece of the mining pie must be brought to book - Minerals Council president

2020-02-04 21:07

Mining in South Africa was negatively affected "under state capturers who decided they wanted a piece of the industry", says the president of the Minerals Council SA.

WATCH: Miners face funding squeeze as investors go green

2020-02-03 19:59

The mining indaba opened on Monday with a dearth of finance, prompted by investors flocking to greener sectors, likely to be top of the agenda.

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