Vedanta targets expansion of South African footprint
UK-listed diversified mining firm, Vedanta Resources, said it intended to expand its operational base in South Africa building on a decision in 2014 to...
Wheels came off, but Transnet’s Gama sees green shoots
THE year-end results of Transnet, South Africa's state-owned transport and logistics company, provides an alternative snapshot of the health of the national economy; one...
AMCU lifts curtain on platinum wage talks with R12,500 demand
THE Association of Mineworkers & Construction Union (AMCU) intends to kick off wage negotiations in the platinum sector on July 12 at Impala Platinum...
M&A ‘flurry’ in Africa mirrors gold’s new found popularity
THE improvement in the gold price has precipitated a flurry of merger and acquisition activity in the sector, especially in Africa – a development...
Lucapa Diamonds may lift Lulo stake in Endiama share swap
LUCAPA Diamond Company, the Sydney-listed diamond producer and exploration firm, is in discussions to increase its stake in its 40%-owned Lulo diamond mine in...
Eastplats to review $50m Barplats deal after ouster
EASTERN Platinum (Eastplats) is to review the "recently proposed transaction" to sell its Crocodile River mine for $50m to a Chinese company following a...
Eskom took Tegeta shares as security for R586m prepayment
ESKOM accepted shares in Tegeta Exploration & Resources (Tegeta) as security for R586m it prepaid the Gupta family company for coal from Optimum colliery.
Brian...
Anglo strikes back after Eskom labels coal deal “unacceptable”
ANGLO American has hit back at claims by an Eskom executive that the price of coal it supplies to the utility's Tutuka power station...
Eskom’s SA power play not entirely of its own making
ESKOM’S claims to have beaten the energy crisis in South Africa are, to a large extent, true, but only partly of its own making.
The...
Vedanta’s Gamsberg benefits as SA economy slows
ONE of the more chastening points made by Tom Albanese, CEO of Vedanta Resources, was that the company was able to cut the cost...