Off The Wires

Africa drives Master Drilling full-year figures

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Master Drilling lifted headline share earnings a third year-on-year thanks to a strong performance from its Africa division.

Eskom confirms equity talks with boiler suppliers

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Eskom confirmed it had offered a renewal of boiler-serve contracts to three suppliers in return for a 30% equity share in the business relationship.

Glencore cuts job losses at Optimum

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Glencore reduced the number of job losses at its Optimum mine to 380 employees after initially estimating 1,000 positions were at risk.

Gold miners prefer bite-sized risk

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The world's gold mining firms were preferring bite-sized investments owing to the risk presented by the low gold price environment.

SA PGM output to fall: Norilsk Nickel

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Production of platinum group metals in South Africa would fall in the future owing to under investment, said the Russian miner.

Universal Coal readies NCC for production

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Universal Coal also said it produced 686,900 run-of-mine tonnes from its Kangala colliery in Mpumalanga province during the third quarter.

QKR sells 7.5% in Navachab to Epangelo

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QKR Corporation, founded by former banker Lloyd Pengilly, has sold a 7.5% stake in its recently purchased Navachab mine to Namibia's Epangelo Mining.

Norilsk seals $337m exit from Africa

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Russia's Norilsk has concluded a strategy of exiting from its African business after agreeing to sell nickel assets for $337m to Botswana's BCL.

Eskom credit downgrade deepens crisis

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Standard & Poor's downgraded Eskom's credit to junk status which will make it tougher to raise debt - a development that only deepens the power crisis in SA.

Skweyiya questions PetroSA appointment

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The appointment of Tshepo Kgadima to the board of PetroSA has been questioned by a former business associate, Zola Skweyiya.