Court orders Aurora’s Zuma to pay R10m
A high court judge has granted default judgment against the chairperson of liquidated Aurora Empowerment Systems, Khulubuse Zuma, for the payment of R10m.
Amsa plant resumes production
ArcelorMittal SA, a unit of the world’s biggest steelmaker, has resumed full production at its Newcastle plant that was hit by a furnace failure last year, says the company.
Eskom asks for 10% drop in power use
Power utility Eskom says it needs people to cut their power usage by 10% to keep the country's electricity supply running.
Miranda Minerals suspends trading
Trading in Miranda stock on the JSE has been suspended at the request of the company, after its two major shareholders demanded the repayment of outstanding loans.
Desperate PLA lets go of Smokey Hills contractor
Platinum Australia is hoping for a fresh start after a share price plunge of around 90% in 2011, announcing it will from now on conduct its own operations at the Smokey Hills mine.
Transnet unveils R17bn coal solution
The much-vaunted Lothair rail project, expected to help massively ramp up coal deliveries to Richards Bay, was officially unveiled with a completion date of 2016 set for the initiative.
Gold Fields agrees plan to resume Kyrgyz drilling
Gold Fields has signed an agreement with Kyrgyz villagers that will enable it to resume drilling at a prospective copper deposit, three months after an arson attack.
Mboweni buys stake in iron ore junior
Former Reserve Bank Governor Tito Mboweni and his brother, Alto, will buy up to 20% of iron ore junior Ferrox Holdings in a $32m deal.
LME board to consider bids in late February
The London Metal Exchange has several serious potential bidders and will consider takeover proposals at its board meeting in late February, says CEO Martin Abbott.
Sekoko rethinks its Waterberg strategy
Sekoko Resources says it is negotiating a significantly improved offtake agreement with Eskom for its Waterberg coal project, after stepping back from a deal concluded in 2011.