Eskom problems overstated: Molefe
Brian Molefe, acting CEO of Eskom, said the utility's balance sheet and power generation problems were not as bad as stated.
Lessons learned will help wage talks: Mboweni
Lessons learned from 2012 would hold the mining industry in good stead as it set about wage talks with unions later this month, said Tito Mboweni of AngloGold.
JSE terminates KCM’s listing
THE Johannesburg Stock Exchange has advised that the listing of Kimberly Consolidated Mining (KCM) will be terminated next month.
Randgold’s Bristow gets 36% pay lift
Mark Bristow, CEO of Randgold Resources, receives a one third lift in annual salary including bonus and long-term share benefits.
Gecamines sells copper permit for $52m
Gecamines, the state-owned base metals company of the Democratic Republic of Congo, sold a copper and cobalt exploration permit to the Chinese for $52m.
Steel industry will be forced to comply – Davies
Trade and industry minister Rob Davies says government is intent on using policy tools to achieve competitive steel pricing to benefit downstream industries.
Universal Coal to post $3m in pre-tax earnings
A strong performance at Kangala would spur Universal Coal to a 50% lift in June quarter pre-tax earnings taking half-year earnings to $13m.
Platinum fund may have been looted
A fund for the upliftment of a community near Marikana may have been looted, according to an investigation by Scopa.
Grindrod loco lease business targets Africa
Logistics company Grindrod said its new locomotive leasing business would target companies operating in Africa where infrastructure was poor.
Platinum firms submit pay offer
South African platinum producers submitted pay offers at a meeting with the Association of Mineworkers & Construction Union.