Thursday, September 20, 2018

Shares in Sydney-listed Paladin Energy fell the most in 13 years as it sought to shore up its heavily indebted balance sheet.

The absence of major strike activity in the fourth quarter saw the South African economy grow 3.8%, according to the statistic office.

The termination of an agreement with joint venture contractors and strike activity hit Trans Hex badly in its 2014 financial year with net profit falling about 73%.

Australian listed mining firm, Base Resources, said it would begin exporting minerals from its $305m titanium prospect in Kenya before the end of the year.

South Africa's parliament is to hold public hearings into government plans to build 9,600MW in nuclear energy which may see it clash with the energy department.

The Economic Freedom Fighters said it would launch a campaign of targeted shutdowns if certain institutions failed to meet its 30-day ultimatum.

The Association of Mineworkers & Construction Union has called strike action at the mines of Anglo American Platinum in protest against its restructuring plans.

Keaton Energy said it had ended a dispute with DRA, an engineering firm, regarding work completed on the coal plant at the Vanggatfontein colliery.

The Afrikaanse Handelsinstituut said that the 20-week platinum strike posed a national threat to national security and the economy.

Investec is facing a R1.3bn claim from shareholders in Randgold & Exploration who want the South African bank to pay them for their shares in the mining firm.