Govt had no choice in Molefe’s Eskom return, says Lynne Brown
PUBLIC Enterprises minister, Lynne Brown, said the South African government had no choice but to support Eskom's decision to re-employ Brian Molefe as CEO...
Dismay, threats of interdict as SA absorbs Molefe reappointment
BRIAN Molefe is to return as CEO of South African power utility, Eskom, barely four months after stepping down amid controversy he assisted the...
Endeavour paves way for Ity project after lifting stake to 80%
ENDEAVOUR Mining is to pay $52m in order to lift its stake in the 76,000 ounce per year Ity mine to 80% from its...
Lonmin loses R40m in revenue after seven-day Bapo protest
LONMIN had lost about R40m in revenue following week-long community disruptions at its Marikana operation in which damage to property and intimidation of employees...
Tharisa to pay R303m for MCC mining fleet purchase
PLATINUM group metal (PGM) and chrome producer, Tharisa, confirmed plans to convert to owner-operatorship of its Tharisa mine near Rustenburg at a cost of...
Harmony out-performs. But what happens when its hedges expire?
THE March quarter is traditionally a difficult three months for South Africa's gold companies to manage because it takes time to return to full...
First Quantum overhang to end as Zambia relents on fraud claim
PRESSURE on shares in First Quantum Minerals would be lifted if Zambia's president, Edgar Lungu, asks his country's legal authorities to drop a fraud...
South32 lowers Illawarra output 10% following gas concentrations
SOUTH32 said production from its Illawarra Metallurgical Coal operation in Australia's New South Wales would be at least 10% lower than its previous guidance...
“Persistent palladium deficit” bodes well for Sibanye’s R27bn gambit
SIBANYE Gold received a boost following publication of the GFMS Platinum Metals Group Survey which said palladium was in a "persistent deficit" and forecast...
Gold target in reach for Harmony despite seasonal failings
THE 'customary' slow start to the calendar year was behind a 7% quarter-on-quarter drop in production at Harmony Gold, but the firm said its...