Bid to contain Eskom hike to 12%/year
The South African government is hoping that a package of measures including loan to equity conversions can contain electricity tariff increases to 12% a year.
Corruption is SA’s national sport: Phiri
Steve Phiri, CEO of Royal Bafokeng Platinum, said corruption had become a national sport in South Africa and was holding back investment in its mining sector.
Kinross preparing $1.6bn Tasiast expansion
North American gold counter Kinross Gold has retained BNP Paribas to help it raise $1.6bn for the expansion of its Tasiast gold mine in Mauritania.
Mining shares looking cheap
Shares in mining companies looked cheap after they had declined this year further than metal prices.
NUM declares dispute with SA gold firms
Attempts to reach a wage deal in South Africa's gold sector failed today after unions rejected a repackaging of the final offer submitted on July 30.
Acacia scouring West Africa for growth
Brad Gordon, CEO of Acacia Mining, said the company may find production growth opportunities in Burkina Faso, Senegal and Mali.
Economy will recover from strike: Davies
Rob Davies, trade and industry minister, said South Africa would recover from the five month platinum strike as minerals beneficiation took centre stage.
Brown holds up China model over privatisation
Public enterprises minister, Lynne Brown, dismissed the notion the South African government was considering privatisation of state-owned utilities.
Exxaro interim earnings to be fifth lower
Interim headline earnings for Exxaro Resources ended June 30 would be about 20% lower year-on-year owing to a lower contribution from iron ore.
CoAL wins mining licence for Makhado
Coal of Africa said it had been awarded a new order mining right that will pave the way for the development of its 2.3 million tonne/year Makhado project.