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Premier mining and commodity investment news

‘Good time to invest in South Africa’

And more updates from day 2 at the Joburg mining indaba.

Mining tax provisions have not kept up with the industry

Court ruling highlights the need for amendments to the Income Tax Act.

De Beers diamond sales fall 39% in a year

Demand for rough diamonds continue to plunge.

Amcu accuses Samancor of fraud in court filing

Amcu is seeking the court’s permission to litigate against Samancor.

Amcu sees imminent wage deal with Impala Platinum

Amcu referred negotiations with other miners to CCMA.

Harmony gets new $400m credit facility – bank

Bank says Harmony's existing loan and revolving credit facility are oversubscribed.

Anglo CEO says investors need security

And more updates from the Joburg mining indaba.

Amcu seeks dispute mediation

Referral comes after three months of negotiations broke down between the union and mining companies.

Amcu refers platinum wage dispute to commission

Amcu will not accept less than a R1 000 increase to monthly wages, Mathunjwa says.

Nigeria’s Rivers state buys Shell’s stake in Ogoniland oilfield

The field is among several onshore assets that Shell had been trying to sell in Nigeria.

Aluminum markets flash a warning for the economy

Aluminum tumbles to a two-and-a-half-year low.

Total closes purchase of Anadarko’s Mozambique LNG asset

Acquires 26.5% of project for $3.9bn.

SA mine earnings at five-year high – PwC

Helped by rand weakness and commodity price strength.

Zambia scraps sales tax plan in concession to miners

Government is maintaining the VAT, but addressing compliance and administrative challenges.

Coal is piling up in Europe as utilities prefer natural gas

Lower gas prices add to coal's woes.

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