The gold producer also said that it would not press ahead with plans to restructure into two separate companies.
ESKOM has contracted five independent power producers to commission privately generated electricity to boost its energy supply.
Harmony Gold Mining, SA's third largest gold producer, has said it was streamlining its listings by cancelling the listing of its shares in the UK.
Harmony Gold is the latest gold company to impair assets saying it would write down up to $280m of which the bulk was Hidden Valley in Papua New Guinea.
SOUTH Africa's Chamber of Mines will turn to the courts again should the Department of Mineral Resources (DMR) record the current draft of the...
Iron ore prices may have further to fall and could result in ratings adjustments of producers of the mineral, said Moody's.
The number of silicosis sufferers who want to sue Anglo American in London now totals more than 1,500 according to Richard Meeran, the lawyer who is driving the case.
Sipho Nkosi, CEO of Exxaro Resources, sold shares in his company despite the stock hitting a three month low last week on a forecast earnings could fall a fifth.
Aquarius Platinum said it would renew efforts to reduce costs at its Kroondal and Mimosa operations in order to fend off rock-bottom platinum group metal prices.
The outlook for mining companies looked 'grim', especially for thermal coal firms, said Mark Cutifani, CEO of Anglo American.