Cape Town - As the strike in the platinum sector continues, the Minister of Energy Susan Shabangu calmed fears it would harm the industry and country by pointing out that South Africa had restored the rule of law, peace and stability in the mining sector. Read more >>
The African Development Bank plans to make a large investment in South Africa's automotive sector with the Industrial Development Corporation‚ after a US$200m investment in a manganese project. Read more >>
With the mining industry stuttering between the drawn-out Marikana Commission hearings on the one hand, and its back-to-the-wall battle on the issue of wages and strikes on the other, the Alternative Mining Indaba is poised to provide the industry with out-of-the-box thinking that could ensure a bright future for miners. Read more >>
Governments of resource rich countries have to be careful about how they pursue higher taxes and rents on mining companies as they could run the risk of flouting international trade rules‚ the Mining Indaba heard on Tuesday (4 February). Read more >>
Platinum demand could receive a boost from emerging market economies where stricter motor vehicle emission legislation is increasingly being enacted‚ which is good news for producers in SA, said Beresford Clarke from SFA (Oxford). Read more >>
Steel manufacturer ArcelorMittal SA reported a loss per share of 75c for the quarter ended December, returning to the red after posting headline earnings per share of 50c in the previous quarter. Read more >>
Grindrod‚ a JSE-listed freight and logistics service provider‚ through its wholly owned subsidiary Grindrod Mauritius‚ will work with Zambia's Northwest Rail Company to build‚ operate and maintain a new 590km Cape gauge railway from Chingola in the Zambian copperbelt to the Angolan border. Read more >>
