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Eskom needs R15bn to reduce downtime

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Brian Molefe, CEO of Eskom, said the power utility needed an additional R15bn in revenue derived from a tariff increase in order to pay for critical supplies of diesel.

AngloGold casts wide net for new CEO

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ANGLOGOLD Ashanti is understood to have listed seven candidates to replace Mark Cutifani as CEO, with speculation that ArcelorMittal's global head of mining, Peter Kukielski, is on the list.

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.

African Barrick contributes $850m to Tanzania

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African Barrick Gold contributed $850m to the Tanzanian economy in 2013 of which more than half was in employee salaries.

SA platinum output still under pressure

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South Africa's platinum production has not recovered to the levels before the five month strike last year.

Mining unions give differing responses to Ramaphosa victory

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SOUTH African mining unions gave differing responses to the election of Cyril Ramaphosa to the top chair in the African National Congress (ANC), according...

Mining sector braces for wage talks

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THE mining sector is bracing itself for tough wage negotiations as unions, engaged in a war to win members, are unlikely to back down unless significant concessions are made by companies

Glencore, Vedanta to share Zambia power

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GlencoreXstrata and Vedanta had agreed to pay more for power in Zambia, said the country's mines minister, Christopher Yaluma.

Tax dispute hits Zambia copper output

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A tax dispute with miners meant Zambia was unlikely to produce more copper this year than last, said its mines minister, Christopher Yaluma.

Ivanhoe platinum mine given state approval

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Ivanhoe Mines has received a mining right from the South African government for its proposed platinum group metal mine in the country.