Off The Wires

Impala Platinum beefs up board

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Bernard Swanepoel, the non-executive chairman of Village Main Reef, is one of three new independent, non-executive appointments to the board of Impala Platinum.

Eskom woes hurting SA renewable energy hope

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Eskom's parlous financial position were making it difficult for investors interested in making South Africa a top renewable energy hub.

Gold Fields can spend up to $550m on deal

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Gold Fields could spend up to $500m on an acquisition but it would have to be an operating mine, said its CEO, Nick Holland.

Guinea counting on mining post-Ebola

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Guinea's finance minister said the country was counting on the mining sector to help restore its fortunes after $2bn was lost amid the outbreak of the Ebola virus.

NUM welcomes Aurora, Zuma judgement

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The NUM welcomed a High Court decision to dismiss with costs an application by Khulubuse Zuma to have R1.5bn in claims against his company set aside.

SA, Canada sign co-op on mining

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South Africa has signed a memorandum of understanding with Canada on co-operation in mining and mineral development.

Vote not needed for Aquarius Everest deal

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Aquarius Platinum said shareholders were not required to approve the R450m sale of its mothballed Everest mine to Northam Platinum.

SA has three months to avoid credit downgrade

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South Africa would have to deliver on national budget promises to cut spending and raise taxes in order to avoid a credit downgrade.

Transnet raise R13bn for locomotives

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Transnet raised R13bn for the purchase of 1,064 locomotives which completes the funding target the government-owned firm said it wanted to finalise this year.

Lonmin’s R664m BEE deal under threat

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A R664m black economic empowerment deal announced by Lonmin three months ago was the subject of a High Court application which could see it unravelled.