Tags Mining

Tag: mining

JSE expands commodity futures

South African mining ‘open for business’

Four key players in the country's mining industry, taking part in a Financial Times/Brand South Africa debate at Mining Indaba 2012, acknowledged that the sector is faced with major challenges, but agreed that SA mining is "open for business".
'Unprecedented' interest in Africa news

$1.7bn coal mining investment for Moz

Brazilian mining giant Vale has opened a new US$1.7-billion (R11.39-billion) coal mine in Mozambique - the largest single investment in the southern African country to date.
State mining firm opens for business

State mining firm opens for business

South Africa's new state-owned African Exploration Mining and Finance Company is officially in business as its first mining project got under way in Mpumalanga on Saturday.
Revised trade deficit 'positive news'

Xstrata unveils R4.9bn expansion plan

Global mining giant Xstrata is to spend US$710-million (about R4.9-billion) on the second phase of its Lion ferrochrome complex in Mpumalanga, and is conducting studies on generating its own electricity to ensure security of supply.
SA miner wins major Russian contract

ABB expands South African operations

ABB South Africa, subsidiary of global power and automation group ABB, is to acquire the mine hoist related business of local manufacturer Coilmech, as part of its strategy to support the country's mining sector with local manufacturing.
Mvelaphanda moves into platinum

Dutch group invests in SA mining

Dutch pension fund manager Algemene Pensioen Groep has committed US$250-million of equity capital to resources group Pallinghurst for investments in mining, $200-million of which has been earmarked for South Africa.

Will 2010 prevent a South African jobs bloodbath?

With the country heading for a jobs bloodbath, what are the prospects of 2010 Fifa World Cup turning the fortunes of South Africa Inc around and providing a much-needed boost for consumer and investor confidence, both at home and abroad? writes branding expert Dr Nikolaus Eberl.

Mvelaphanda moves into platinum

Mvelaphanda moves into platinum

Black empowered mining group Mvelaphanda Resources has increased its stake in Northam Platinum to 63%, in a R4-billion deal which will create the fourth-largest platinum producer in the world, as well as the first fully integrated, black-controlled platinum mining company.
UK firm enters SA coal industry

UK firm enters SA coal industry

UK-based London Mining has entered the South African coal mining sector with a US$120-million (about R920-million) acquisition of a 50.5% stake in DMC Energy from local mining and exploration firm Delta Mining Consolidated.
Anglo committed to Africa: Carroll

Anglo committed to Africa: Carroll

Global mining giant Anglo American has committed itself to remaining a major investor in South Africa and Africa, citing the "unparalleled opportunities" created by the continent's vast mineral reserves and improving economic environment.

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