Transnet books R2.2bn interim loss as operating expenses rise
TRANSNET, South Africa's state-owned ports and rail company, posted an interim R2.2bn loss for the six months ended September, R600m worse than in the...
Kenmare carries on mining at Moma despite Mozambique’s election upheavals
Operations at Kenmare Resources’ Moma Titanium Minerals Mine in northern Mozambique are continuing as normal despite ongoing election-related protests. Senior management has remained on...
“New information” led to Tsengwa suspension, says Exxaro chair
NEW information had emerged regarding Exxaro Resources CEO Nombasa Tsengwa's conduct warranting her suspension despite the board previously exonerating her, the firm's chair Geoffrey...
Hichilema hails prospect of linking Zambia to Lobito Corridor
ZAMBIAN President Hakainde Hichilema hailed plans to connect his country to the US-backed Lobito railway corridor project, saying it would boost the continent's ambitions...
Green shoots for Transnet as coal export deliveries race higher
THERE were more green shoots for Transnet Freight Rail (TFR), South Africa's state-owned ports and rail company following its strongest coal export performance in...
Anglo shares stir as takeover speculation returns
SHARES in Anglo American rose 3.45% in Johannesburg by mid-afternoon on Friday outperforming peers Glencore as well as BHP – the company connected with...
Tharisa to rerate when it solves funding for Zimbabwe project
THARISA has been largely ignored by the market, which is hunting for the best exposure to platinum group metals (PGMs) now that the metal...
Anglo tails are up as restructuring plan gains momentum
THE sale of Anglo American's remaining metallurgical coal assets in Australia came in above expectations and boded well for the group's restructuring plans, analysts...
Military juntas in West Africa fail to quell jihad violence
MILITARY juntas in Mali, Burkina Faso and Niger have failed to bring stability to their countries amid a fresh surge in jihad violence, said...
Ramaphosa urges safe delivery of illegal miners
SOUTH Africa's President Cyril Ramaphosa said on Monday lives should not be put at risk in a standoff between police and hundreds of illegal...