ANC mulls ‘carrot and stick’ on benefication
The ANC is to debate next week a carrot and stick approach to beneficiation in the mining sector and would not simply slap levies on mineral exporters.
Wescoal seals recovery after lossmaking
After reporting the first loss in its history last year, Wescoal Holdings consolidates its recovery posting an interim profit.
Maputo terminal plan floated
The latest plan to provide terminal capacity to emergent coal exporters was floated at Coaltrans Mozambique. This one is for South African and Swazi companies.
Anglo’s copper target unaffected by Chile row
Changes in the ownership structure of Anglo American Sur will not detract from the group’s longer term production ambitions for copper, says an Anglo American company executive.
Delays may sink Anglo’s Codelco court bid
Chile’s courts may not hear Anglo American’s bid in time to overturn an injunction which prohibited the diversified miner from selling further stakes in Anglo American Sur.
Gillard gets tax through lower house
Australia's lower house approved a tax on miners that is expected to raise $7.8bn in its first two years.
Power situation remains critical, says Eskom
SA's power supply situation will remain critical for the next two years, says Eskom CEO Brian Dames, while still trying to play down the latest problem at Medupi.
Strike looms large for Lonmin
The National Union of Mineworkers rejected Lonmin's 9% to 10% wage increase offer raising the prospect of strike action.
TFR rates threaten Matola expansion
The proposed $800m expansion of Mozambique's Matola Coal Terminal to 20 million tonnes/year would be threatened unless Transnet lowered freight rates.
Eskom mulls equity in foreign power
Eskom was sitting down to consider buying equity positions in foreign-owned power transmission in an effort to plug a potential power deficit in South Africa.