Tata lifts lid on expansion plans
Industrial conglomerate Tata Group will invest up to $27bn in the Indian market over the next five years and more than double its revenue to $150bn, says a top official.
Eastplats reports lower March production
Eastern Platinum shares have taken a hit following March quarter results, showing a sharp drop in output, but the medium-term outlook for the company remains good.
Prospecting licence moratorium lifted
An eight-month moratorium on the granting of prospecting licences has been lifted in all provinces except Mpumulanga, Minerals and Resources minister Susan Shabangu says.
Unions query Aurora rescue deal
Trade unions are sceptical about why a Chinese investor would plow R685m into a run-down mine.
SA battles reinforcing steel shortage
Delays are feared with big construction projects as the main suppliers are limiting the key component.
Mines face shutdown over deaths – report
The National Union of Mineworkers may reportedly shut the mining sector down for a day to protest a recent surge in mining deaths.
Eskom plant gets US nod
Despite opposition by green groups, the US Export-Import Bank has given initial approval to help fund the Kusile coal plant in Mpumalanga.
Coal rail closure to hit exports
Coal exports will be hurt by Transnet’s shutdown of the Richards Bay coal line for 20 days.
Gold retreats from new record high
The gold price steadied off a record high as the dollar firmed against the euro although renewed eurozone debt concerns may bolster gold again.
Gold Fields buys out Iamgold in Ghana
Gold Fields will buy out the interests of minority partner Iamgold in its Tarkwa and Damang mines in Ghana for $667m in cash.