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Amplats warns H1 profits to fall on impairments, rand

South Africa's Anglo American Platinum (Amplats) expects half-year profits to fall by as much as 67 percent due to a stronger rand, lower sales and post-tax impairments, the company said on Tuesday.

Reuters | July 18, 2017 | 11:25 am

South Africa halts new black ownership rules for mines

The suspension follows a pending a judgement in an urgent interdict application by the country's Chamber of Mines.

Cecilia Jamasmie | July 14, 2017 | 5:18 am

Luxembourg becomes first European country to pass space mining law

The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.

Cecilia Jamasmie | July 13, 2017 | 6:46 am

Private capital says no to mining

Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.

Frik Els | July 7, 2017 | 4:37 pm

Brazil’s platinum miner Jandaga raises $2.9M in London listing

Jandaga Mines is taking advantage of investors' concerns over buying into South African platinum businesses.

Reuters | June 29, 2017 | 2:00 am

South Africa’s chamber of mines challenges new charter in court

South Africa's Chamber of Mines has applied to a high court for an interdict to prevent the implementation of a new charter that increases the minimum threshold for black ownership of mining companies

Reuters | June 26, 2017 | 11:57 am

More than 1,500 workers fired at Sibanye’s Cooke mine over strike

Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.

Cecilia Jamasmie | June 15, 2017 | 10:12 am

South Africa just hiked black ownership rules, miners getting crushed

The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.

Cecilia Jamasmie | June 15, 2017 | 6:15 am

Anglo American appoints takeovers expert as new chairman

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

Cecilia Jamasmie | June 7, 2017 | 4:03 am

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Amplats CEO to be most powerful woman in precious metals mining

Anglo American boosted by strong precious metals

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