CFM to upgrade Sena line by early 2013
Mozambique's ports and railways company CFM expects to complete a refurbishment of the Sena rail line linking the Beira port with coal mines in the Tete province by early 2013.
Curtain down on Xstrata coal strike
Xstrata will receive empowerment credits if it distributes its planned ESOP evenly across all work levels in terms of a strike settlement brokered by government.
Anglo, MPs in face-off over BEE targets
Anglo American’s Godrey Gomwe has told parliament the group has already reached a black ownership target of 26%, and that figures suggesting otherwise were calculated incorrectly.
Gecamines refuses to publish mining contracts
Congolese state mining firm Gecamines has refused a request from the mines ministry to publish all revised contracts.
Botswana to dominate SA in diamond cutting
Botswana is going to far outclass SA when it comes to the local beneficiation of diamonds, following the new marketing deal it has negotiated with De Beers.
Randgold rallies as Bristow walks the talk
Shares in Randgold Resources have gained more than 7% after a strong set of results affirmed the erstwhile exploration start-up’s ability to be a one million ounces producer by 2015.
Num, Exxaro agree on wage deal
The National Union of Mineworkers says it has agreed a wage deal with Exxaro for workers that do not fall under wage deals struck earlier by the Chamber of Mines.
De Beers says signs $2bn debt deal
De Beers has signed a $2bn debt deal to refinance existing debt and fund growth.
CoAL to raise another $40m in debt
Coal of Africa is close to finalising a new $40m debt facility, but will need to raise more funds to pay for its short and medium term growth plans.
SA needs growth, not nationalisation says Godsell
SA needs to double the size of its economy within 20 years to deal with current social and economic inequalities, says Business Leadership SA chair Bobby Godsell.