Markets

Merafe says 5% ferrochrome output decline despite Q4 Eskom loadshedding

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MERAFE Resources on Monday reported attributable ferrochrome production of 97,000 tons for the fourth quarter representing a five percent year-on-year decline. This takes full year...

Transnet “at the mercy” of lenders – says Godongwana in report

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SOUTH Africa's finance minister Enoch Godongwana told Bloomberg News that Transnet was waiting on lenders which had yet to say if they would waive...

Transnet back to square one after ripping up deal with Chinese...

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TRANSNET has ripped up an agreement with a Chinese locomotive supplier after the firm - CRRC E-Loco Supply - refused to have its financial...

Minerals Council demanded Transnet’s Portia Derby resign before it agreed to...

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SOUTH Africa's Minerals Council called for the resignation of Transnet's senior management prior to the two sides agreeing in December to a 'collaborative structure' in...

Miners expect year of tumult as recession, risk and consolidation change...

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GOLD mining companies would turn increasingly to industry consolidation through merger and acquisitions this year, said Mark Bristow, CEO of Barrick Gold. Speaking to Bloomberg...

Illegal mining a global hazard as Barrick’s blistering attack on RAID...

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MARK Bristow's account of mine incursions by criminal gangs, some 100-people strong, has its echo in rampant criminal activities in South Africa. Illegal miners armed...

Transnet reduces vessel stay at Saldanha Port to seven days after...

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TRANSNET said it had scored important efficiency improvements at its Saldanha port with the average time of vessels at the terminal reduced from 12...

Anglo may book write-down on Woodsmith, alerts investors to $2.5bn capital...

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ANGLO American said it could write down the carrying value of its Woodsmith project this year, its soil nutrients in northern England on which...

Anglo CEO not planning strategy shifts as focus falls on defining...

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ANGLO American CEO, Duncan Wanblad, did not see himself making bold strategic changes to the group's plans which include construction of a large soil...

Transnet proposes switching to diesel trains to avoid disruptions to coal...

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SOUTH Africa's state-owned rail and ports utility, Transnet has proposed switching to diesel trains in order to avoid disruptions to coal exports caused by...