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Energy a certainty for SA power mix

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Newly appointed energy minister, Tina Joemat-Pettersson, said nuclear energy would play a part in South Africa's future energy mix.

Rio Tinto studying $500m RBM expansion

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Anglo-Australian group Rio Tinto is considering expanding Richards Bay Minerals at a cost of $500m.

Soros leads liquidation of gold-backed ETFs

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George Soros was among the high profile investors to dump gold-backed exchange traded products last month.

AMSA boss Nyembezi-Heita quits firm

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Nonkululeko Nyembezi-Heita, CEO of ArcelorMittal South Africa, has announced her resignation effective February 18. Shares in the company fell 1.58%.

Lonmin facing court date with community

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The Bapo ba Mogale traditional community is to march at Lonmin's premises in protest against 3,200 planned job losses which it says violates a BEE deal with it.

Rand weakens on mine strike fears

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The rand dipped below 10 to the dollar again on fears of mine strikes and the prospect of interest rate increases.

Gecamines may sell Kamoto mine

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The Democratic Republic of Congo's Gecamines said it was to sell its 20% stake in the Kamoto Copper mine which it shares with GlencoreXstrata.

Chinese interest in CRG may be cooling

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Central Rand Gold said talks with Chinese suitors was changing with progress slowing in one instance while another bidder did not contemplate a takeover.

Wet weather to pose Eskom coal problems

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Eskom said it was impossible to completely remove the risk of supply wet coal to its power stations during the summer months when rainfall was greatest.

Fatalities strike SA mines

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