Anglo withdraws from $540m Revuboe project
Anglo American cited failure to meet conditions timeously as the reason for not proceeding with the $540m investment in Mozambique's Revuboe project.
Ruinous BHP contract drove Eskom hikes
Volatility in the price of aluminium destabilised Eskom's finances after 2006 and was the real reason for its 2010 tariff hikes, not the coal price as stated by Eskom.
SA must reduce power by up to 15%: Peters
South Africans were urged to cut electricity consumption by up to 15% in order to avoid a repetition of load-shedding which shut the mining industry for a week in 2008.
Atlatsa chops growth plans in new, lean look
Shaped now to a platinum market that is expected to rattle along the bottom, the new look Atlatsa Resources has less debt and lower growth targets.
SA’s state firms may get China funds boost
Other state-owned enterprises could benefit from funding provided by China following a loan agreement between Transnet and the China Development Bank.
Sibanye debt payment paves way for divvy
Sibanye Gold has fared well in the first quarter since listing. The stock has held up despite high liquidity and it has generated enough cash to pay R570m off its debt.
MIGDETT still working despite strikes, politics
MIGDETT, a forum consisting of government, industry and unions, was functioning despite remarks by politicians and worker protests that have weakened the industry.
Transnet turns to China amid credit, growth fears
South African state-owned freight company, Transnet, is to enlist the hefty balance sheet of the Chinese government after the two countries sign a deal on cooperation.
Wits Gold turns to capital markets as cash ebbs
Wits Gold's balance sheet is beginning to look precarious - a condition that will send it to the market notwithstanding a two-thirds decline in its share price since 2012.
Strike ends at Exxaro coal mines
Workers at five of Exxaro's collieries and its reductants operation would return to work today after agreeing to the payment of a first quarter incentive.