Eskom defends Tegeta link saying it saved R10bn in coal costs
SOUTH African power utility, Eskom, defended its relationship with the Gupta family owned Tegeta Exploration & Resources (Tegeta) saying it was commercial and had...
Gold Fields’ Damang expansion shows sector growth difficulties
TWO newly unveiled gold projects – one by Gold Fields, the other by Harmony Gold – demonstrate the difficulty the world’s gold industry has...
SA miners want “urgent intervention” to restore DMR integrity
THE Chamber of Mines has called for "urgent intervention" to restore the integrity of the Department of Mineral Resources (DMR) which was implicated in...
Eskom’s Ngubane calls Thuli Madonsela “unduly believing”
ESKOM chairman, Ben Ngubane, today described former head of South Africa's Public Protector office, Thuli Madonsela, of having "an unduly believing mind" in compiling...
Randgold to review dividend policy at $500m net cash mark
RANDGOLD Resources said it should "get close" to generating $500m in net cash by the close of its financial year - a level of...
Firm behind R500m De Roodepoort coal project was Gupta linked
THE company that said it planned to build a R500m, 1.44 million tonnes a year (mtpa) coal mine in South Africa's Mpumalanga province -...
Tegeta coal prepayment “amounts to fraud”, says Public Protector
THE relationship between Eskom and the Gupta family's Tegeta Exploration & Resources (Tegeta) is a prominent feature of the Public Protector's report into state...
SA to produce 1mt more manganese ore as price leaps
SOUTH African production of manganese ore was about one million tonnes (mt) higher this year after Australia cut supplies amid a sharp decrease in...
Diamond market may grow by up to 10% for two years
DE Beers last month said it had sold $485m worth of diamonds in its eighth sight, where it meets with pre-approved buyers of its...
“Lumpy” Trans Hex delivers profit, share hits two-year high
TRANS Hex, an alluvial diamond mining company, lived up to the 'lumpy' descriptor given to it by shareholder Piet Viljoen after it delivered a...