Hostile bids set to rise in 2011
Hostile takeover bids are likely to multiply in 2011, as companies aggressively look for value despite notable failures and delays in completing recent unsolicited deals.
Eskom pushes for coal regulation
Eskom CEO Brian Dames has repeated the power utility's call for urgent coal export restrictions, suggesting a formula-based export quota for miners.
Indian state firm targets SA resources
India’s state-owned MMTC is setting up shop in South Africa, with its sights firmly on securing coal and other commodities for the country’s resource-hungry economy.
RBCT stockpiles ‘almost depleted’
South Africa has joined coal exporters facing shipment delays after three derailments on the line from mines to Richards Bay Coal Terminal brought stocks to very low levels, says industry sources.
Eskom warns of looming power squeeze
Eskom CEO Brian Dames says the lack of new power stations may finally catch up with South Africa in 2011.
Tata Steel majority holder in Nippon JV
Tata Steel will hold 51% in its joint venture with Japan's Nippon Steel, aiming to produce 600,000 tonnes a year of cold rolled automotive sheet steel.
Mine deaths tally shows big drop
Mine deaths in 2010 fell by nearly a quarter compared with the previous year, but the fatality rates are still high compared to industrialised countries.
Draining flooded mines to take weeks
Australia's flood-stricken coal industry is facing lengthy disruptions, with one miner saying it may take weeks to drain its pits of water.
Riversdale, Tata in Mozambique power deal
Riversdale Mining and joint venture partner Tata Steel have agreed to fully own the $1bn Benga power plant project in Mozambique, says the mining group.
Hunt for coal hots up as floods persist
Coal buyers are scrambling to find replacement supplies as mines in top producer Australia face weeks under flood water.