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Eskom eases finance pressure with $1bn bond

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Eskom has eased the pressure on its balance sheet raising $1bn in a bond from investors in Europe and the US in a much-needed fillip for the electricity utility.

DMR defends MPRDA in fiery parliament debate

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The mineral resources department said amendments to the MPRDA would take SA forward - a claim opposition MP, James Lorimer, questioned.

Petra targets 3m carats as gem market firms

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Petra Diamonds said it could produce as much as 3 million carats in the current financial year amid a firm diamond market.

Barrick ‘still a seller’ of African gold unit

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Greg Hawkins, CEO of African Barrick, said the firm's Canadian - Barrick Gold - was still a seller of its stake, but was supportive of the turnaround strategy.

Investment climate chills for Mozambique

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Optimism about mining prospects for the southern Africa country has cooled amid renewed political hostilities and the climb-down in commodity prices.

‘Anglo relationship to SA must change’: Cutifani

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Anglo American was weighing up its relationship to South Africa, a country where it still derives most of its value.

Anglo’s Cutifani targets $1.3bn cash flow lift

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In his first results presentation, Anglo's Mark Cutifani also took the hatchet to management levels and was withering of the group's capital discipline.

Political undertone to coal terminal plans

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One view as to why South Africa's Transnet needs to build another new coal export lies in the government's interest in controlling flows of the fuel.

Glencore completes Mutanda, Kansuki merger

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Glencore Xstrata said it had completed the merger of its Mutanda copper and cobalt mine with Kansuki - a deal that sees Ivan Glasenberg work with Dan Gertler.

Lonmin wary of safety, labour stoppages

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UPDATED - Lonmin said Q3 mining had been hampered by safety stoppages, but added it remained confident of meeting its 660,000 ounce full-year sales forecast.