THE SMART NEWS SOURCE | Feb 10 2012 12:16 | LAST UPDATED Feb 10 2012 12:16 |
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One more time: Nationalisation isn't policy, says ZumaNationalisation is neither ANC nor state policy, President Zuma has reiterated, drawing attention instead to job creation and infrastructure projects. Resources
Nationalisation out, nationalism inThe state and ANC are rigorously debating proposals that could force a radical shake-up of the country's $2.5-trillion non-energy mineral wealth. Resources
The future is beneficiationBut the strategy to boost industry has a major stumbling block: readily available power. Resources
'Rationality' needed regarding state intervention in miningThe Chamber of Mines advocates public-private partnerships instead of more state involvement. Resources
Huge merger wobbles a lopsided worldXstrata and Glencore to go ahead with merger. Shock and ore: Dirt flies in Sishen battleThe three-year battle between Imperial Crown Trading and Kumba Iron Ore for a multibillion-rand stake in Sishen is getting dirtier and dirtier.
Mining super tax will make foreign investors jitteryNationalisation may be off the table but analysts warn that any changes to the tax regime in the mining sector will also scare away investors. Zuma unleashes SIU on fraud, corruption at EskomPresident Zuma has given the Special Investigating Unit the go ahead to investigate Eskom for evidence of corruption, fraud and maladministration. Anti-Joseph Kabila protesters urge DRC boycott at IndabaProtesters opposed to the DRC's Joseph Kabila are picketing outside the Mining Indaba, calling on investors to eschew the country's mineral resources. ANC minimises impact of mining reportThe ANC says a highly-anticipated report on possible reform in the mining sector is merely a discussion document and not cause for concern. Shabangu hammers final nail in coffin of nationalisationMining Minister Susan Shabangu has put paid to nationalisation at the Mining Indaba, while outlining plans for a tax-heavy resource nationalism. Nationalisation isn't the way for South Africa, says ManuelMinister in the Presidency Trevor Manuel says nationalisation is not an option for SA, as the mining sector is fundamentally important to transition. Minister supports CCMA intervention at ImplatsParties involved in the labour dispute at Impala Platinum's Rustenburg operation should let the CCMA help, said Labour Minister Mildred Oliphant. Nationalisation taken off the table at mining indabaFollowing Malema's failed appeal and the ANC's NEC summit, the government says nationalisation is firmly off the table, and SA is open for business. Implats sacks 13 000 striking workersImpala Platinum has dismissed 13 000 employees, bringing to 17 200 those sacked since the start of a labour dispute almost two weeks ago. ANCYL: No interest in pushing agenda at Mining IndabaThe ANC Youth League says there's no point in promoting nationalisation at the Mining Indaba because it will be non-negotiable once it becomes policy. SA's mining appeal tumblesSouth Africa's attractiveness for mining investment has plummeted dramatically since 2006, the latest South Africa Survey has shown. Mining
Mining SA’s foreign 'deal sweetener'Local engineering firm lands Scottish mine contract with finance from a state-owned company. Aurora ordered to pay R10-millionA high court judge in Pretoria has granted default judgment against Aurora's Khulubuse Zuma, for the payment of more than R10-million. Mugabe's Zanu-PF moves in on gold depositsA gold rush near a Zimbabwean mining city by illegal panners has led to reports that Zanu-PF security forces have seized control of the mining wealth. TOPICS IN THIS SECTION
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