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Off The Wires

Steel industry will be forced to comply – Davies

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Trade and industry minister Rob Davies says government is intent on using policy tools to achieve competitive steel pricing to benefit downstream industries.

Harmony lifts December output 2% q-o-q

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Harmony Gold said it increased production 2% in the December quarter compared to the previous September quarter when output came in at 281,000 ounces.

Rockwell gains 16% after R72.6m BEE boost

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Shares in Rockwell Diamonds gained 16% in Johannesburg after news it had found a new empowerment partner.

Ramaphosa to stay in ‘unregulated’ industry

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Cyril Ramaphosa will establish blind trusts to manage extant investments in unregulated industries while selling investments in regulated industries to the Pembani Group.

Eskom board not to be overhauled: Nene

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The government was increasing the size of Eskom's board and replacing its chairman, but was not overhauling it, said finance minister Nhlanhla Nene.

Colliery will pollute Vaal River water

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A proposal to develop a coal colliery on the banks of South Africa's Vaal River has been criticised by Rand Water.

Amplats takes debt collectors to court

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Anglo American Platinum is challenging a law firm and an administration company involved in debt collection that could change the way debt collection is managed.

Zambia may lift royalties, bin corporate tax

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Zambia may dispose of corporate taxes for mining companies and raise the 6% royalty on minerals instead.

Guinea approves $20bn Simandou proposal

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Guinea has approved the $20bn development of a portion of its Simandou iron ore prospect involving Rio Tinto, Chinalco and the World Bank's IFC.

Exxaro to post 20% earnings slide

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A lower contribution from equity accounted investments would rub out the gains achieved in Exxaro Resources' coal division for the 2015 financial year.