Off The Wires

Union wage demands send rand to low

Wage demands from the National Union of Mineworkers sent the rand to a four-year low against the dollar.

Zim miners to resist 42% power cost hike

Zimbabwe's Chamber of Mines has resisted a proposed 42% increase in electricity tariffs by Zimbabwe Electricity Transmission and Distribution Company.

Newcrest shakes up executive team

Newcrest Mining has replaced its CEO and chairman after the company wrote down $5.9bn.

Rockwell boosts Q4 sales 24%

Rockwell Diamonds sold two stones worth more than 120 carats each which helped lift the overall average selling price of goods 24% in the fourth quarter.

Zambia’s Lungu takes helm at tricky time

Edgar Lungu takes the helm in Zambia at a difficult time for the country owing to slow economic growth and poor copper prices.

SA to brace for load-shedding as Eskom toils

Eskom is heavily behind on its maintenance programme which will inevitably lead to regular load-shedding if not a black-out, according to a newspaper report.

Anglo seeking Venezuelan concession redress

Anglo American is suing the Venezuelan government for the cancellation of mining concessions in 2012.

Petra gem may fetch $20m: report

A 232 carat diamond discovered by Petra Diamonds at its Cullinan mine in Pretoria, South Africa, could fetch as much as $20m, an analyst said.

Glasenberg watchful of capital plans

Glencore Xstrata posted a 39% decline in first half net income and said it was scrutinising its capital plans.

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

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...