Eskom’s R35bn Kusile plan intact
Despite reports to the contrary, Eskom was still proceeding with plans to build another power station, the proposed R45bn Kusile venture.
Gold demand surges, ETFs rate high
Gold backed exchange traded funds helped power gold demand to a more than one third increase in the second quarter, the World Gold Council reported.
Trans Hex’s carat production below target
Diamond mining company Trans Hex says its South African carat production has been below target for the year to date, primarily as a result of grade under-performance at Baken Mine.
Zim seeks new bids for fallen steel gaint Zisco
Zimbabwe is inviting fresh bids for the takeover of state steel-maker Zisco, after rejecting earlier offers from ArcelorMittal, Jindal Steel and Power of India.
BHP earnings set to jump 50pct
BHP Billiton looks to strengthen its hand this week in its $39bn bid for Canadian fertiliser group Potash Corp as second half earnings are expected to rise 50%.
Simmers Q1 production falls 27pct
Shares in Simmers & Jack Mines fell more than 3 percent as the South African gold miner posted a 27 percent decline in first-quarter gold production.
Exxaro Hillendale mine grinds to halt
Amid demands for a 14% wage increase, Exxaro Resources has been forced to stop operations its Hillendale mineral sands facility. Contingency plans are in place, however.
Wesizwe Pt secures R91m funding
Wesizwe Platinum said it had finalised funding of R91m for ongoing construction of its R6.6bn Frischgewaagd-Ledig Project.
Concourt to rule on mine indemnity law
South Africa's Constitutional Court will soon reach a decision on the special indemnity enjoyed by South African mines regarding the incurable lung diseases.
AngloGold inks deal for 51pct of gold project
Horizonte Minerals, the AIM-listed exploration and development company focused on mineral projects in Brazil, has announced that it signed a R32.7m earn-in agreement with AngloGold Ashanti.