Gold Fields “on track” for 2.2m oz output
Gold Fields was on course for achieving full year production of 2.2 million ounces while All-in Sustaining Costs would be lower than first forecast.
Transnet raises R5bn in UK-registered bond
Transnet, the South African transport utility, has raised R5bn through a London Stock Exchange-registered bond with the proceeds destined for the firm's R305bn expansion plans.
Low diamond prices push Petra into red
Petra Diamonds reported an interim loss of $2.2m, reflecting a tough six months of low rough diamond prices.
Eskom 12% hike just the beginning
The 12,69% increase in the electricity tariff allowed to Eskom would be followed by other increases, development economists have said.
AMCU resolve stronger than expected
The platinum miners' strike was taking longer to resolve than expected which suggested their resolve was much stronger than thought, an analyst said.
Favourable business climate for beneficiation
Roger Baxter of the Chamber of Mines, said beneficiation was best facilitated once the business climate was favourable.
Pressure heaped on Tsotsi as inquiry stalls
Eskom's board is expected to recommend the removal of its chairman Zola Tsotsi amid a rejection of proposals for an inquiry into the utility's affairs.
Cosatu to oppose Eskom tariff hike
Eskom's proposed 25.3% increase in the electricity tariff was an attempt to shift the burden of responsibility on to the consumer, said the union body.
Rios may launch share buy-back
Rio Tinto may launch a share buy-back programme as it delivers on promises to return value to investors, an analyst said.
Gold Fields shareholders oppose pay at AGM
Shareholders of Gold Fields expressed their displeasure at pay proposals offered to the firm's executive with just over 30% of the vote against them.