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Remgro to unbundle investment in Trans Hex

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Investment group Remgro has approved the unbundling of its investment in diamond miner Trans Hex.

China yet to approve SASOL coal-oil scheme

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China's Ningxia region hopes building work will start this year on a major coal-to-oil project designed by South Africa's SASOL but central government has yet to give the go-ahead.

BSI Steel in R70M acquisition deal

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Steel company BSI Steel has announced that it is acquiring 100% of the issued shares of the privately-held entities, Staalbeer Limited and Universal Pulse Trading 103 for R70m in shares and cash.

Zambia blackout shuts copper mines

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A nationwide power blackout on Friday forced copper mines in Zambia, Africa's top producer of the metal, to halt output.

ArcelorMittal mum on new offer for Zisco

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It is unclear whether ArcelorMittal SA, the South African arm of the world's largest steel producer, will re-bid for a stake in Zimbabwean Iron and Steel Company (Zisco).

Northam hikes Booysendal capex

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Northam Platinum has increased its capital expenditure estimates for its flagship Booysendal project to R3.6bn.

CoAL to raise R619m for growth, debt payments

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Coal of Africa Ltd will raise R619m in a rights issue to fund studies into its Makhado project, acquistions of contiguous properties as well as pay down debt.

Shareholders ditch Central African Gold

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Central African Gold, the gold company with a portfolio of production and exploration assets in Africa, says that three major shareholders have sold their shares in the company.

Simmers appoints new CFO

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Junior gold producer Simmer & Jack Mines has announced the appointment of Marius Saaiman as chief financial officer.

We’re ready for strike – Eskom

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Power utility Eskom says it is ready should its 16,000 workers decide to go on a strike over wages.