Off The Wires

Eskom knew coal silo was weakening

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Eskom was aware of structural problems at Majuba power station's coal silo months before it collapsed, said Solidarity, a union.

Glencore boosts Q3 coal output 9%

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Production from Australia drove Glencore's coal output 9% higher, according to its third quarter production report.

More load-shedding this week: Eskom

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More load-shedding was likely in South Africa after the country's power utility suffered a 3,000MW loss of power following the collapse of a coal silo at Majuba.

Zim reform will encourage IMF support

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The International Monetary Fund said Zimbabwe should reform its indigenisation and labour laws in order to attract foreign funding.

Kusasalethu closure to cost Harmony R112m.

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The two-week closure of Kusasalethu on the West Rand would cost the company about R112m in revenue.

X2 bid for Anglo assets “bit premature”

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Reports linking X2 Resources for assets owned by Anglo American were described as "a bit premature" by a source close to the private firm.

Trans Hex pays special dividend

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Trans Hex is to pay a special dividend of 50 cents/share following the conclusion of a long-standing deal to buy Namaqualand Mines from De Beers

Thermal coal benchmark in Asia cut for 2015

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Goldman Sachs cut its price forecast for power station coal in Newcastle, Australia, a benchmark in China, to $69/t.

Army seizes power in Burkina Faso

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The army had seized power in Burkina Faso, the fifth largest producer of gold in sub-Saharan Africa.

SA gold shares slump to 13 month low

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Shares in South African gold producers slumped as stronger than expected economic data from the US led to a weakening in the price of bullion.