Coal prices heading for 2.1% lift to 2019
The International Energy Agency said prices for coal would rise 2.1% a year until 2019 as rising Chinese demand would more than offset OECD declines in growth.
Busa to ask SA Govt. to postpone nuclear
Business Unity South Africa wants the South African government to stick by the recommendations of the National Development Plan in respect of nuclear power.
Blyvoor workers fear Aurora repeat
About 1,700 workers at Blyvooruitzicht, a mine near Carletonville, fear they will not be paid in a repeat of the events at Aurora Empowerment Systems' Grootvlei mine.
Iron ore racks up record volatility
Prices for iron ore reached record levels of volatility with the mineral expected to slide in and out of $40-$50/t territory for most of the year.
Barrick’s Luwana part of $2.8bn impairments
The Canadian gold producer, which controls Acacia Mining and the Lumwana mine in Zambia, is to remove $3bn in debt in an asset clearance.
African Barrick looks to transformational deal
African Barrick, which mines about 700,000 oz/year in gold from Tanzania, would seek a deal to take output to one million ounces/year in 2015.
Gold Fields to derisk South Deep
Gold Fields is considering two alternative mining methods that would derisk its South Deep project.
Eskom asks for 10% power usage cut
The South African power utility has asked industrial customers to cut usage 10% owing to multiple tripping at Majuba and Matimba.
Firestone expects diamond prices recovery
Stuart Brown, CEO of Firestone Diamonds, said he expected diamond prices to recover which would spur the development of the firm's Liqhobong project in Lesotho.
CoM keen to respond to Transnet call
The Chamber of Mines said it was interested in a call from Transnet to help it fund a R100bn infrastructure expansion, saying the mining sector would be enhanced.