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Universal Coal pitches for Eskom business

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Universal Coal is in discussions with Eskom to supply the Kusile power station from its planned Kangala mine, despite the fact Anglo American holds that contract.

Harmony halts Hidden Valley JV operations

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Harmony Gold Mining says it has halted operations at its Hidden Valley joint venture operation in Papua New Guinea following an earthquake.

Zambia miners seek independent tax audit

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Mining companies operating in Zambia want the government to appoint independent international auditors to verify whether they are paying all the taxes due.

Exxaro workers score as scheme pays out

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Almost 10,000 employees of Exxaro Resources are to receive up to R135,000 in terms of an employee share ownership plan; the second leading miner to announce such a payout.

ICT likely to lose SIOC right: analyst

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An analyst told Bloomberg News Imperial Crown Trading was likely to come off second best when the High Court sits tomorrow on a mineral prospecting dispute.

Shanduka raises coal stake

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Shanduka Group has concluded a widely expected transaction which will see it increasing its stake in Shanduka Coal to a controlling one.

Peru’s new mining minister ‘open to business’

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Peru's new mine and energy minister says the government will attract private investment to the vast sector while requiring it to bring more social benefits.

Rio Tinto wins fight against Ivanhoe poison pill

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An abitrator has ruled a "poison pill" takeover defence erected by Ivanhoe Mines Ltd does not apply to global mining giant Rio Tinto, leaving Ivanhoe vulnerable to a takeover by Rio.

African Barrick to raise royalty in Tanzania

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African Barrick Gold has agreed with the Tanzanian government to raise the royalty rate it pays on gold exports, says the country's minerals ministry.

Caledonia plays down Zimbabwe threat

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Caledonia Mining has played down threats that the Zimbabwe government may take over its operations, following reports that it is not keen on implementing the indigenisation policy.