Bloomberg donates $30m to reducing coal use
Michael Bloomberg, New York major, donated $30m in order to cut the number of coal plants in the US by half, reduce carbon emissions, and save lives.
Petra content with “baked-in” growth
Johan Dippenaar, CEO of Petra Diamonds, said the company was happy to stick to growth plans for a 60% increase in production and doubling in revenue.
CoAL’s Brown of “the right calibre”
Coal of Africa CEO, David Brown, may need R5.5bn to build the firm's Makhado coking coal project, but he was "the right calibre" of manager to achieve it.
Ivanhoe finalises 26% Platreef BEE
Ivanhoe Mines has completed the empowerment deal on its Platreef project in South Africa agreeing a 26% equity transfer in the platinum project.
Eskom problems overstated: Molefe
Brian Molefe, acting CEO of Eskom, said the utility's balance sheet and power generation problems were not as bad as stated.
Gold to fall to $1,200/oz in Q4: SocGen
The price of gold would fall to $1,200 per ounce in the fourth quarter amid more sales of exchange traded products, Societe Generale said in a recent report.
RBPlat earnings hit by R2.89bn write-down
The slide in the basket price of platinum group metals hit Royal Bafokeng Platinum hard which took a charge on the carrying value of its assets.
Eskom to buy Optimum export coal
Eskom is to buy export quality coal from Glencore's Optimum coal mine in which it will then blend down at signficant cost - an arrrangement dubbed as "crazy".
Rio Tinto cuts $2bn from cash costs
Rio Tinto cut cash costs by more than $2bn even though it posted record iron ore and thermal coal fourth quarter production figures.
Rio Tinto raises Q2 iron ore output 7%
Rio Tinto raised iron ore production 7% in the June quarter to 51.8 million tonnes, narrowly beating analysts forecasts.