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.
BHP approves Caval Ridge development
BHP Billiton has approved development of the Caval Ridge Mine project and expansion of the Peak Downs Mine in the northern Bowen Basin in Central Queensland, Australia.
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.
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.
Harmony in no hurry on Evander unbundling
Harmony Gold says a decision on a proposed separate listing for Evander will be made within two years, as it considers different options to unlock the asset’s potential wealth.
Harmony mulls dividends linked to gold
Harmony would consider paying dividends linked to the gold price which continues to test fresh highs amid global economic recession concerns.
ANC wary of Chinese bid for Pamodzi
The ANC in parliament has told trade unions to be sceptical of the R150m offer by China African Precious Metals for the bankrupt Pamodzi Gold’s Orkney mine.
“I am fit,” Zimbabwe’s Mugabe declares
Zimbabwean president Robert Mugabe declared he was fit and well despite Wikileaks cables suggesting he had prostate cancer and that he would pass away in three to five years.
Zimplats Q1 output down
Zimplats says metal production has fallen 13% during the September-quarter, but the company is on track to submit a revised local ownership plan in November.
Firestone negotiating Eskom supply deal
Firestone Energy said it would renegotiate the terms of a memorandum of understanding with Eskom in which supply and delivery period was expected to change.