Exxaro forms IPP with India’s Tata Power
Exxaro Resources has taken its first steps in developing an energy division by
forming a joint venture to establish an independent power producer with
India’s Tata Power.
Gold One offers $70m for First Uranium’s Ezulwini
Gold One gives further signal it wants uranium as well as gold exposure after
concluding its second uranium deal in the last 12 months.
AngloGold in $335m First Uranium swoop
AngloGold Ashanti's offer, if approved, will take gold production some 80,000
oz/year higher in the short term, and uranium output to 4.5 million pounds
annually.
First Quantum’s Kansanshi grinds to halt
Operations at First Quantum Minerals' Kansanshi, a copper mine in Zambia, have
been halted as labour demands 17% higher wages.
Tsvangirai condemns Zim indigenisation
Zimbabweans didn't have the resources to buy the equity on offer in terms of that
country's indigenisation strategy, said prime minister Morgan Tsvangirai.
Implats lost revenue escalates to R2.5bn
Impala Platinum said some 120,000 oz in production had been lost following a
crippling strike equal to R2.4bn in lost revenue.
SA Govt adopting subtle pro-business stance
Behind the massive infrastructure drive that was recently announced in South
Africa is an evolving strategy that going pro-business is the only way to create
jobs.
Mozambique rejects Rio barging plan
Plans by Rio Tinto to barge coking coal mined from its Riversdale operation down
Mozambique's Zambezi river have been scotched by the country's government.
Coking coal, copper markets ‘tight’: Rio
Rio Tinto says the markets for copper and coking coal would remain 'tight' although
it could not rule out continued volatility.
Firestone to lift output on Eskom, investor talks
Coal supply negotiations with Eskom and an unnamed multinational will result
in Firestone Energy radically increasing proposed production from its Waterberg
project.