Eskom discloses R38bn capital bill for cost plus coal
ESKOM, the South African power utility, said it would plough R38bn into so-called 'tied mines' including some R1.8bn for a new shaft at Matla,...
Gupta’s Oakbay hits out at “gravy train” in SA coal
OAKBAY Investments has hit back at a newspaper report that said it received a lucrative prepayment from Eskom for coal, saying the system through...
Sibanye suspends AMCU officials amid Kroondal intimidation
SIBANYE Gold's hardball approach to union misdemeanours took a fresh turn today after the company suspended six Association of Mineworkers & Construction Union (AMCU)...
Eskom “has a voice” in Anglo coal mine disposal plan
ESKOM, South Africa's power utility, would "have a voice" in the proposed sale of Anglo American's South African domestic coal mines, said Mark Cutifani,...
Glencore takes 2016 disposals to $3.2bn after ags deal
GLENCORE took asset disposals this year to $3.2bn following an agreement to sell a further stake in its agribusiness for $624.9m.
The Swiss-headquartered mining and...
Platinum firms will opt for quality ounces: RBPlat’s Phiri
Royal Bafokeng Platinum (RBPlat) CEO, Steve Phiri, has joined the growing number who believe primary platinum production from South Africa will be cut, a...
Gold Fields refinances balance sheet as M&A looms large
GOLD Fields claimed to have achieved "a key milestone" in its balance sheet management, announcing today it had refinanced $1.44bn in credit so that...
Vedanta bullish on zinc as supply declines support price
I am frequently asked why our parent company, Vedanta, has been so particularly active in expanding its interests in zinc, one of the four...
Randgold “came close” to major gold deal – Bristow
RANDGOLD Resources "went close" to a large corporate deal with another large gold company last year as company valuations plummeted, said the UK-listed gold...
Northam suspends mine after “sporadic violence”
PRODUCTION at Northam Platinum's Zondereinde mine has been suspended after "sporadic incidents of intimidation and violence" had spread to the mine following a killing...