Exxaro, GDF SUEZ to build 600MW plant
Exxaro Resources is to build a 600MW power station in joint venture with France’s GDF SUEZ and will supply the venture with 3.8mtpa of coal from Thabametsi.
Lenders loosen Sibanye Gold R6bn debt leash
Lenders to Sibanye Gold say the firm can pay an interim dividend provided it has agreed wage increases with unions that include AMCU and NUM.
Gold Fields to recoup lost Ghana output
Gold Fields said it hoped to produce as much as 1.9 million ounces this year as guided but second quarter all in costs are worryingly close to the dollar gold price.
Gigaba to have Medupi shortfalls probed
No heads will roll at Eskom following the R10bn overrun at Medupi, but the utility has failed to retain its CFO Paul O'Flaherty who left the organisation today.
Curtain rises on SA gold sector wage talks
South African gold companies start today the first of weeks, even months, of wage talks hopeful economic realities can modify labour expectations.
New tariff to force Eskom strategy rethink
Brian Dames, CEO of Eskom, said the utility would have to fundamentally re-engineer itself in order to address the halving of its proposed five-year tariff hike.
Hitachi claims Medupi contract on schedule
Hitachi Power Africa said its portion of work on Medupi's first unit was 97% complete and it was likely to complete the boiler by December as first scheduled.
Time to temper gold’s bearish prospects?
Gold has had a meat hammer taken to it, but perhaps the time has come to acknowledge that while the outlook must be bearish, the metal has been oversold.
Eskom faces Medupi cost surge as project delayed
Eskom's Medupi power station was likely to be delayed six months following labour and contractual delays sending the project's capital cost up 15% to R105bn.
Lonmin confirms NUM, AMCU conflict in court
The rivalry between the NUM and AMCU over which has dominance at Lonmin has moved to the courts with fraudulent stop-orders forming the focus of the dispute.