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Mining

Mineral Resources dept's irregular spend balloons to a whopping R11.6m

Oct 09 2018 14:46

The Department of Mineral Resources’s irregular expenditure has spiked from R424 000 reported in 2016/17 to a whopping R11.6m for the past financial year.

Mining

Village Main Reef secures three-year wage deal

Oct 05 2018 12:29

Miners, artisans and officials will receive a 4.25% increase for the first year of the agreement, and CPI-linked increases for the next two years.

Mining

Jury still out on Mining Charter's ability to lure investment, says former Exxaro boss

Oct 04 2018 06:15

The Mining Charter may help bring policy certainty to the mining sector, but questions remain around whether this can translate into investor confidence and improved competitiveness.

Mining

Minerals Council announces Harmony Gold wage deal

Oct 03 2018 18:01

The Minerals Council has announced the conclusion of a wage agreement between Harmony Gold [JSE:HAR] and unions representing an estimated 69% of the miner workforce.

Mining

Mantashe: Leave mining out of sovereign wealth fund plans

Oct 03 2018 11:58

Mineral Resources Minister Gwede Mantashe says he has objected to a proposal of using the mining industry to fund the country's mooted sovereign wealth fund.

Economy

SA's latest Mining Charter: What's new and who wins

Oct 02 2018 21:12

Mineral Resources Minister Gwede Mantashe issued a new Mining Charter last week, seeking to reduce uncertainty and boost investment in the sector. So what's new?

Mining

Biggest Sibanye Gold unions get approval to strike over pay

Sep 27 2018 11:13

The two biggest South African unions at Sibanye Gold's mines have gotten permission to strike over pay after a deadlock in gold wage talks.

Mining

Glencore to boost share buyback program by up to $1bn

Sep 25 2018 11:22

Glencore will increase its share buyback program by as much as $1bn, adding to a growing number of moves by the world’s biggest miners this year to return more money to investors.

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Mining

Barrick and Randgold raise hopes merger can spark sluggish gold sector

Sep 25 2018 06:45

The biggest gold deal of the past three years may ease concerns about Barrick Gold Corporation's stagnant production and offer Randgold Resources a reset for its languishing shares.

Mining

Amplats finance director to step down in early 2019

Sep 21 2018 16:41

In an update to shareholders the platinum miner said Ian Botha had tendered his resignation and would be 'relocating abroad to pursue other career opportunities'.

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