Xstrata upbeat over commodities outlook
Xstrata is confident in the medium- and long-term outlook for commodity markets, says CEO Mick Davis.
Aquarius Platinum cans Blue Ridge
Aquarius Platinum is to put its Blue Ridge mine on care and maintenance because of low rand platinum prices and will instead focus on development of Booysendal South.
Sentula sees improved performance
Sentula Mining is expecting to report a rise in full-year earnings, and also sees better margins in its current financial year.
Big boost for Mozambican port
Mozambique's Ports Development Company has announced a $1bn investment over
the next 20 years to improve infrastructure at the country's main port.
Aurora assets to be audited for sale
The assets of mines owned by the stricken Aurora group are being inspected and sale negotiations opened.
Rockwell makes operating profit
Rockwell Diamonds has returned to profitability, although actual production fell short of internal management targets during the year to end-February.
Germany won’t draw followers for nuclear plan
A German plan to shut all nuclear reactors by 2022 is unlikely to inspire many imitators abroad, experts say.
Eskom to build new coal-to-gas station
Eskom wants to build a new 2,100MW power station, making use of new underground coal-to-gas technology, according to a senior official.
Trans Hex to post a loss
Trans Hex shares rose nearly 6% on the JSE today despite the release of a trading statement showing the diamond company would report a loss of R45.1m for the year to end-March.
Platinum Australia faces tough situation
Platinum Australia appears between a rock and a hard place given the labour unrest at Smokey Hills, which must perform at its best over the next two quarters to avoid a financial crunch.