HCC to launch rights issue to pay debt
Hwange Colliery Company said it was investigating a rights issue and private placement of its shares in order to convert government debt into equity.
Gecamines aims to rebuild copper output
Gecamines has signed an agreement with a Chinese company to build two factories aimed at lifting copper output.
Wet weather to pose Eskom coal problems
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.
Copper could stunt Glencore fight-back
Further weakness in the copper price might stunt the ability of Glencore to mount a fightback after its shares fell to record lows this year.
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.
EFF to launch targeted campaign of shutdowns
The Economic Freedom Fighters said it would launch a campaign of targeted shutdowns if certain institutions failed to meet its 30-day ultimatum.
Eskom to cut maintenance as winter beckons
South Africa energy minister, Ben Martins, said the power utility, Eskom, would cut maintenance in order to avoid load-shedding during winter.
Private equity $8bn pool to revive sector
Some $8bn was available in private equity for merger and acquisition activity in the mining sector, and the time to spend it was fast approaching.
RBPlat gives nod to R2.8bn housing plan
Royal Bafokeng Platinum has given its in-principle approval for a 3,100 housing plan costing R2.8bn pending establishment of ring-fenced developmental finance.
Petra hopeful of diamond restocking
UK-listed diamond company, Petra Diamonds, said it was optimistic there would be restocking in the global diamond market amid signs of economic growth.