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Kuyasa plans $1.7bn, 600MW power plant

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Junior miner, Kuyasa Mining, said it was part of a consortium bidding to build a $1.7bn, 600MW power plant supplied with coal from Kuyasa's Delmas coal mine.

Sallies posts diluted headline loss

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Fluorspar miner Sallies reported a diluted headline loss per share of 8.7 cents for the year ended June 2010 after a headline profit per share of 2.3 cents a year ago.

GEM profit falls on lower Letseng output

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UK-listed diamond producer, GEM Diamonds, produced lower first half profits as output fell at its Lesotho mine, Letseng.

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.

Glencore to cut capex, copper falls 3%

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Glencore's industrial capital expenditure ceiling for 2015 is expected to be $6bn, down from $6.5-$6.8bn announced in February.

Gemfields exceeds best ever gems sales

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Gemfields CEO, Ian Harebottle, said the company produced its best ever revenue figures with still four months to run of its financial year.

Holomisa lays into mining houses

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United Democratic Movement (UDM) leader, Bantu Holomisa, said it was not right that mineworkers still died poor while thousands suffer from incurable disease.

Army seizes power in Burkina Faso

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The army had seized power in Burkina Faso, the fifth largest producer of gold in sub-Saharan Africa.

“Eskom let us down very badly”: Motsepe

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African Rainbow Minerals executive chairman, Patrice Motsepe, let rip at Eskom saying the power utility had let South African down "very badly".

AngloGold Ashanti raises $1.25bn in bond

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AngloGold Ashanti said its corporate bond had been three times oversubscribed, enough for it to raise $1.25bn.