Off The Wires

Eskom’s Koko dubs Exxaro 30% BEE restructure an “insult”

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ESKOM'S Matshela Koko described Exxaro Resources' new black economic empowerment (BEE) structure an "insult", according to BusinessLive which cited a comment made on Twitter...

Govt draft energy plan puts 2028 date on new coal-fired capacity

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THE first new baseload coal-fired energy in South Africa would only be commissioned by 2028, according to BusinessLive which cited the Department of Energy's...

Tegeta said it paid Barloworld for overdue Optimum Coal bill

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TEGETA Exploration, a subsidiary of the Gupta family's Oakbay Investments, said it expected industrial group Barloworld to withdraw a court application for the liquidation...

CoM and DMR target out of court charter settlement

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THE Chamber of Mines and the Department of Mineral Resources (DMR) are negotiating the issue of 'once empowered, always empowered' in an attempt to...

Wiese backed consortium to take “lumpy” Trans Hex private

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THE consortium that has seized control of Trans Hex plans to take the company private because its earnings are "too lumpy", said BDLive citing...

NUM to reject sale of ‘miners’ bank’ to Gupta company

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THE National Union of Mineworkers (NUM) said it would oppose an offer to sell its 50% stake in Ubank to Oakbay Investments, a company...

Gold Fields eyes AngloGold Ashanti’s Iduapriem mine

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GOLD Fields may buy AngloGold Ashanti's Iduapriem mine in Ghana, according to a report by Bloomberg News which cited the views of Alfred Baku,...

“Grave allegations” leave no compromise in Sable bribery claim

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UK-listed iron ore exploration and development company, Sable Mining, is at the centre of an bribery investigation that links it to illegal payments in...

Aurora’s Zuma, Mandela fail to head off R1.7bn damages

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AN appeal by the directors of Aurora Empowerment Systems against a judgement they should pay damages and salaries to some 5,300 miners once employed...

BHP, Vale hit by $43bn suit for Samarco disaster

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SHARES in BHP Billiton headed for their steepest fall since 2008 after Brazilian prosecutors filed a civil suit against the Melbourne-headquartered company worth $43bn,...