Thursday, August 23, 2018

The largest union representing Eskom workers have decided to go ahead with a strike next week, which may leave households and businesses in the dark during the World Cup.

DRDGOLD has signed heads of agreement with White Water Resources in terms of which White Water will acquire from DRDGOLD's 74% owned subsidiary, East Rand Proprietary Mines Limited, the prospecting right over ERPM Extensions 1 and 2 and the mining right over ERPM Extension 1.

Central Rand Gold says Don Harper, Head of Mining, has informed the company of his intention to resign as he intends to return to Perth, Western Australia, for family reasons.

Harmony Gold has found bombs in the ventilation system of its Phakisa mine after an explosion killed four people last week.

After the latest set of poor results profitable production from Tau Lekoa seems the only thing that will put Simmer and Jack Mines on a path to financial stability.

Imperial Crown Trading 289 has advised Kumba Iron Ore it wants to access the Sishen mine site to investigate ways in which it can exercise its prospecting rights.

Shares in Randgold & Exploration have shed 60.64%, or R8.55, as the company continues its unbundling process.

Harmony Gold Mining has hinted that criminal miners might have been behind last week's explosion at its Phakisa mine in the Free State.

Pan African Resources, says it expects its full year earnings per share to be between 106% and 116% higher than those for the previous corresponding period.

Power utility Eskom says that it has contingency plans in place, should it face strike action, but unions say they are reluctant to take the striking option.