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Eskom, Transnet to keep public service role

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Transnet and Eskom would not be restructured, nor placed in private hands, said public enterprises minister, Malusi Gigaba.

Impala locked in Zim discussions

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Impala Platinum remained in talks with the Zimbabwe government about requirements to transfer a 51% stake in its Zimbabwe unit Zimplats to local blacks.

Miranda sack Nel from board

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Upheaval continues at Miranda Mineral Holdings with non-executive director, Ron Nel, a former CEO of the company, removed from the board amid controversy.

Namakwa may get $30m credit back

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Namakwa Diamonds, which owns Africa’s largest undeveloped diamond mine, is in discussions with its lender to reinstate a $30m credit line.

Congo mining must be more transparent – IMF

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Democratic Republic of Congo could exceed a forecast 6.5% economic growth in 2011 but must do more to increase transparency in the mining sector, the IMF said

NUM settles with ARM, Anglo Platinum

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South Africa's National Union of Mineworkers (NUM) said on Monday it has reached a one-year wage deal with African Rainbow Minerals' Nkomati nickel mine.

Village declares Lesego to be shallower

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Village said it had intersected platinum group metals at its 77%-held Lesego platinum prospect at some 700m, almost half the initial estimated depth of the resource.

Motsepe SA’s richest man

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Patrice Motsepe, executive chairperson of African Rainbow Minerals, is officially South Africa's Mr Moneybags.

Rio Tinto to sell out of Palabora

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Rio Tinto's retreat from South Africa continues with the news that it will sell its controlling stake in copper producer Palabora after getting rid of its Chapudi coal project last year.

Metorex sets up next DRC project

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Metorex more than doubled profits in the six months to June which should please new owners Jinchuan whose bid for the company was overwhelmingly accepted by shareholders on Friday.