Why Chamber’s Mining Charter bid could be futile

Ratings agency Moody’s warns the latest document will be credit negative for some of SA’s largest companies

Why Sibanye will pay more for bond

The leading gold and platinum group metal producer pays the price as Mining Charter spooks investors

Gold Fields hedges yellow metal to shield Gruyere

CEO Nick Holland’s U-turn on hedging for a limited time is to ensure the producer can complete its project in Australia

BUSINESS DAY TV: Three years of litigation likely over Mining Charter

Peter Leon, global co-chair for Africa at Herbert Smith Freehills, discusses the legal implications of the new Mining Charter

Wescoal expects earnings to drop on BEE and Keaton deals

Wescoal meets Eskom’s requirement of 51% black ownership for its flagship Elandspruit mine to retain its long-term supply contract

Why mineral bill faces more delays

Legal experts advise procedural flaws could mean the entire process of provincial public hearings has to start again

Mine Charter axe falls on mining stocks, renders sector ‘uninvestable’

Investors warn of repercussions and a potential exodus of companies from one of the world’s mineral treasure troves

Mine Charter renders sector ‘uninvestable’

Investors warn of potential exodus of companies as new Mine Charter pushes up empowerment ownership to 30% within 12 months

BL PREMIUM
BHP names packaging guru Ken MacKenzie as new chairman

Mining giant names packaging executive Ken MacKenzie as its next chairman, handing him the job of tackling calls to dump its oil business and overhaul the board

De Beers and Namibia launch hi-tech ship to pinpoint gems in the seabed

The $157m SS Nujoma will help the Debmarine joint venture keep production steady even as diamonds become harder to find

Chamber of Mines will go to court over charter ‘negotiated in bad faith’

The chamber will restart the process to seek a declaratory order on the continuing consequences of past empowerment deals — one of the surprises in the new ...

READ IN FULL: The Mining Charter document

The newly gazetted third iteration of the Mining Charter

Mining Charter calls for 30% black ownership

Mosebenzi Zwane says companies will need to top up their black ownership levels within 12 months of the new charter coming into effect

Glencore set to pitch directly to Rio Tinto board

Glencore’s proposal is $100m higher and fully funded, but Rio Tinto has to give Yancoal the chance to make a counter offer

Why the Chamber of Mines snubbed charter event

The chamber says the last-minute invitation is ‘highly suspicious’ as rumours surface the department will hike black ownership to a contentious 30%

BL PREMIUM
Chamber of Mines spurns ‘highly suspicious’ charter invitation

The chamber says the last-minute invitation is ‘highly suspicious’ as rumours surface that the department will hike black ownership to a contentious 30%