Aurora may receive R50m lifeline
Some R50m in emergency funds could be funelled to Aurora Empowerment Systems by a Swiss-based fund, provided the reverse takeover by Labat is complete.
New tariff to force Eskom strategy rethink
Brian Dames, CEO of Eskom, said the utility would have to fundamentally re-engineer itself in order to address the halving of its proposed five-year tariff hike.
Master Drilling ready to capitalise on bull market in mining after...
JOHANNESBURG-listed drilling company, Master Drilling, said orders in its new financial year were at "an all-time high" following a difficult period in 2020 which...
African Barrick Gold profit rises, trebles dividend
African Barrick Gold posted a 30% increase in core profit for 2011, as a rising gold price pushed margins to record levels, offsetting the impact of soaring costs.
Malema: Minister must prep mines
Minerals Minister Susan Shabangu has to start preparing the mining sector "psychologically" for nationalisation, says ANC Youth League president Julius Malema.
Sibanye-Stillwater says illegal mining out of control as SA’s social distress...
RECORDED incidents of illegal mining on the premises of Sibanye-Stillwater's South African operations nearly doubled in 2022, the precious metals miner said.
Citing Sibanye-Stillwater's annual...
Gold weakens on dollar rally
Spot gold has slipped under the weight of a rallying dollar, after falling more than 1% in the previous session, when the US Federal Reserve offered a grim economic outlook.
Botswana in talks to increase stake in De Beers
BOTSWANA is in talks to increase its shareholding in De Beers, said Bloomberg News citing the comments of the country's president Mokgweetsi Masisi.
"We are...
SA president’s son linked to Sishen firm
There have been ominous developments on the board of Imperial Crown trading with Duduzane Zuma, son of the country's president, Jacob Zuma, becoming a director.
Vale and Glencore plan Canadian copper venture
VALE and Glencore are considering a joint copper project in Canada as both companies seek greater exposure to a metal expected to face supply...