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...
Jimmy Manyi in frame as DMR prepares to unveil DG
SPECULATION has resurfaced that former labour department director-general (D-G), Jimmy Manyi, is due to be unveiled as DG for the mineral resources department (DMR).
An...
Gemfields secures $65m for output lifts at Kagem, MRM
GEMFIELDS, the £198m coloured gemstone mining and marketing firm, has raised debt of $65m which it will use to double production from its ruby...
Is the tide turning for SA’s alluvial diamond miners?
INVESTORS in alluvial diamond mining firms Trans Hex and Rockwell Diamonds may well have found their investment returns as desolate as the Northern Cape’s...
Resolute to lift Syama output 25% to 250,000 oz
AUSTRALIAN-listed gold producer, Resolute Mining, has approved the $95m extension of its 80%-owned Syama gold mine in Mali which will increase production a quarter...
Expect a new mining charter in July, say lawyers
THE South African mining sector’s newly negotiated mining charter could be ready for public consumption as early as July. That’s the expectation of Peter...