MPRDA bill chops ‘developmental pricing’
South Africa's Chamber of Mines welcomed the MPRDA Amendment Bill and said it had negotiated developmental pricing for domestic supply out of the legislation.
Wesizwe cuts Bakubung capex 11% to R10.7bn
An optimisation study allowed the group to cut production against a 2009 bankable feasibility study and lift production a fifth in reponse to market conditions.
Rising freight cost to price out chrome exports
Merafe Resources CEO, Zanele Matlala, said government intervention in chrome exports had fallen by the wayside but economics would rule out the activity.
Elections may frustrate Aquila May hearing
National elections in South Africa on May 7 may result in personnel changes that delays a hearing into why Aquila Resources has not received a mining permit.
Sibiya stops short of apology as CCMA fumes
Bheki Sibiya, CEO of the Chamber of Mines, declined to publicly apologise for off-the-record comments made by his chief negotiator about the CCMA.
SA continues to slide in ferrochrome stakes
South Africa's share of the world ferrochrome market deteriorated another 2% in 2013 despite efforts to have the government intervene in cheap chrome exports.
CoAL, Rio Tinto revisit $30m Chapudi payment
Coal of Africa said it was in "fruitful" talks with Rio Tinto on the "... timing and magnitude" of the Chapudi deal as balance sheet issues become a burning issue.
Eskom says more stations vulnerable to wet coal
Eskom CEO, Brian Dames, identified a number of power stations were wet coal could cause the utility major headaches as it staved off more loadh-shedding.
ARM relies on ferrous metals for profit surge
Iron ore and manganese accounted for 92% of the two-thirds surge in headline earnings of African Rainbow Minerals while its platinum assets also contributed.
Exxaro collects R1.6bn from Eskom, lifts div
The performance of Exxaro's key coal division was heavily influenced by R1.6bn in penalties paid by Eskom, with another similar payment likely this year.