Page 16 - Mining Charter News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Getty Images Mineral Resources and Energy Minister  Gwede Mantashe says government believes that the mining sector can contribute 12% or more to the GDP. The sector now contributes 8.2% to the GDP from a high of 21% in the 1980s. Tabling the country's new exploration strategy, pushing ahead with transformation and investing in research, are some of the interventions aimed at improving mining production. Mineral Resources and Energy Minister Gwede Mantashe says the government believes mining can go back to contributing double digits to South Africa's GDP - but this depends on getting numerou...

Neal Froneman, CEO of diversified precious metals producer Sibanye-Stillwater, has had public spats with minerals and energy minister Gwede Mantashe. Both are renowned for their bluntness, and they have rankled each other in the past. But the two remain on speaking terms.

Daily Maverick 168 weekly newspaper. After four days of hearings this past week, judgment in the judicial review of the Mining Charter’s third version was reserved. Mining companies and the government remain at loggerheads over the vexed issue of “Once empowered, always empowered” – an impasse that is seen as a key deterrent to investment. It remains unresolved for now. The mining industry argues that once a company has met the threshold for black ownership of 26% as laid out in previous charters, or 30% for new mining right applications, that holds – even if the empowerment holders...

MONEYWEB app instead? Transaction likely to influence its planned R750m rights issue decision. 00:01  The net proceeds of about R500m will be used to degear PPC’s SA balance sheet. Image: Moneyweb JSE-listed cement and lime producer PPC has made further significant progress with its capital restructuring by reaching an agreement to sell its wholly-owned lime business to investor consortium Kgatelopele Lime for R515 million. In terms of the agreement, the rights, benefits and advantages of PPC Lime transfer to Kgatelopele Lime on April 1, with the divestment expected to reach a close...

Roy Cokayne The divestment forms part of PPC’s ongoing capital restructuring, and the effective net proceeds of about R500 million will be used to degear the cement producer's SA balance sheet. PPC truck. JSE-listed cement and lime producer PPC has made further significant progress with its capital restructuring by reaching an agreement to sell its wholly-owned lime business to investor consortium Kgatelopele Lime for R515 million. In terms of the agreement...