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.
Implats’ Brown says no exit from Zimbabwe
Impala Platinum CEO, David Brown, said the company has no intention of exiting its
Zimbabwean investments despite intense pressure from the country's indigenisation
minister, Saviour Kasukuwere.
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.
IFM agrees to shut two furnaces
Eskom has agreed to buy back power from International Ferro Metals which has
agreed to shut two furnaces in deals most likely similar to shut downs at Rukkii,
Xstrata and Samancor.
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.
Malema expelled from ANC
Julius Malema was found to have 'reneged on his membership' oath and was
therefore expelled from the ANC, the ruling party said last night.
Implats says strike over, mining to resume March 5
However, not all parts of the Impala Lease Area would return to operation with
the company taking the opportunity to permanently shut sections where
closure was imminent.
CoM lauds Shabangu in rankings success
Bheki Sibiya, CEO of the Chamber of Mines of South Africa, said South Africa's much
improved ranking in the Fraser Institute study into political risk was down to the
efforts of mines minister, Susan Shabangu.
Juniors will struggle to supply iron ore: Rio
Tightened credit lines and labour shortages would make it difficult for junior mining
firms to plug the supply deficit in iron ore said Rio Tinto which added the market
would not be oversupplied any day soon.