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Assore expects earnings drop on weaker prices

Jul 01 2015 18:30

Iron ore and manganese producer Assore says its full year earnings are expected to be up to two thirds lower after the dollar prices for its commodities fell during the period.


Gold companies offer unions up to 13% increase

Jun 29 2015 18:29

The gold sector has tabled its wage offer to mining unions, saying the offer is based on economic and social sustainability.


The sting in Aurora's broken tail

Jun 28 2015 17:00

A high court ruled that Khulubuse Zuma and his fellow directors, Zondwa Mandela and Thulani Ngubane, should be held liable for the ruined company’s R1.7bn debt


Rio exits Zim as plans to merge gem firms take shape

Jun 26 2015 17:01

Resources firm Rio Tinto has exited Zimbabwe following controversial government plans to merge all diamond mining companies into a state-owned corporation.


NUM, Parly committee welcome Aurora judgment

Jun 25 2015 18:56

NUM as well as the Portfolio Committee on Mineral Resources have welcomed the judgement that directors of Aurora and their business associates must pay up.


Zuma only Aurora director exempt from fraud charges

Jun 25 2015 12:10

Fraud charges can be brought against all Aurora directors except President Jacob Zuma's nephew Khulubuse Zuma, a high court judge has ruled.


Zuma lawyer could get sued over Aurora

Jun 25 2015 11:17

The guilty verdict against Aurora could pave the way for civil charges to be brought against Michael Hulley, President Jacob Zuma’s legal adviser, says Solidarity.


Exxaro cuts capex as low prices hurt

Jun 25 2015 10:46

Diversified miner Exxaro says its capital expenditure for the first half of 2015 is now expected to be R3.1bn, down 11% in the face of depressed prices.


Assore buys ARM's stake in chrome mine

Jun 25 2015 10:51

Iron ore producer Assore has bought out African Rainbow Minerals' 50% stake in the country's Dwarsrivier chrome mine.


Aurora directors found guilty

Jun 25 2015 10:05

The directors of Aurora Empowerment Systems, including Khulubuse Zuma and Zondwa Mandela, have been found guilty of stripping the assets of Pamodzi Gold's mines.

Inside Fin24.com


Safest year for SA mine industry - minister

Jun 23 2015 17:11

South Africa's mines minister has hailed 2014 as the "safest year" in the history of an industry that has claimed a huge toll over the past century.


Job cuts on cards in mine shake-up, says Amplats

Jun 23 2015 10:21

Anglo American Platinum says it aims to reconfigure a number of its mines to make them more profitable, a move which could lead to up to 420 job losses.

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