Off The Wires

SA-Russian nuclear deal still under wraps

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A nuclear pact between Russian and South Africa has yet to be seen by prominent government officials including the National Treasury.

Rio Tinto likely to endorse share buy-backs

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Rio Tinto is likely to endorse a hefty share buy-back in an effort to enlist the support of shareholders should Glencore return with new merger offers in 2015.

CoAL sees way to raise $23.4m in equity

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CoAL of Africa said a proposal to sell shares for $23.4m to Haohua Energy International had been approved by the Chinese firm's regulators.

Eskom to take Majuba to 3,200MW

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Eskom said it would restore Majuba to 3,200MW capacity today after feeding coal to the last two units affected by the coal silo collapse last week.

Committee urges development steel pricing

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SA's parliament heard from the trade and industry committee that a failure to implement developmental pricing on steel would hold back industrial development.

Kumba to post one fifth earnings decline

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Kumba Iron Ore would post a one fifth decline in earnings for the 2014 financial year owing to a decline in iron ore prices.

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.

HSBC lifts rating on AngloGold

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HSBC lifted its rating of AngloGold saying that the company produced a solid operating performance in the third quarter.

Anglo should relist De Beers to lift profile

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De Beers was not getting the credit it deserved in Anglo Americans portfolio and should therefore consider relisting, an analyst said.

Minas Rio to make Anglo bundles

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The volatile iron ore market notwithstanding, Anglo American expects its Minas Rio iron ore mine to be highly cash generative.