Home Off The Wires

Off The Wires

Mining shares endure another horror day

0
Lonmin lost 11.50% on the Johannesburg Stock Exchange on a day which proved to be difficult for a host of listed companies including Kumba and Exxaro.

Froneman sceptical of listing platinum mines

0
Sibanye Gold CEO, Neal Froneman, said listing Amplats' non-core assets was a bad idea as they were loss-making and would fail to attract investment.

Funding for R220m ERPM sale finalised

0
DRDGold would double its cash balance once it had sold mineral rights in ERPM, a transaction that had now received funding.

Zimbabwe wary of resuming chrome exports

0
Walter Chidakwa, Zimbabwe's mines minister, said the country was under pressure to resume chrome exports, but doing so would discourage beneficiation.

Base to start $305m titanium Kenya mine

0
Australian listed mining firm, Base Resources, said it would begin exporting minerals from its $305m titanium prospect in Kenya before the end of the year.

Eskom asks for 10% power usage cut

0
The South African power utility has asked industrial customers to cut usage 10% owing to multiple tripping at Majuba and Matimba.

Nene declines to name asset sale targets

0
Nhlanhla Nene, South Africa finance minister, declined to name the government-owned non-core assets that could be sold to recapitalise Eskom.

Namibia hopeful of year-end diamond deal

0
Namibia's energy and mines minister said a new diamond sales deal with De Beers would be concluded before the end of 2014.

Fatalities strike SA mines

0
African Rainbow Minerals, Wesizwe Platinum and Keaton Energy announced employees had been killed whilst working at their respective properties.

DA demands details of R4bn Eskom tender

0
The Democratic Alliance wanted to see all documents relating to Eskom's controversial tender award for replacement of steam generators at Koeberg.