Off The Wires

Zuma leads compromise in Lesotho crisis

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South African president Jacob Zuma was leading Lesotho to a compromise following allegations of an army coup in the country last week.

Zambia relaxes VAT claim rules

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Zambia has removed rules preventing mining companies operating in the country from claiming refunds on value added payments.

Petmin impairs Veremo for R181m

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Petmin booked more than R1bn in revenue owing to a strong performance from its Somkhele coal mine but suffered the effects of a write down of its pig iron JV, Veremo.

Anglo’s Cutifani “not anti” a takeover

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Anglo American CEO, Mark Cutifani, said he wasn't 'anti' a takeover approach - a statement that sent shares in the firm higher by nearly 3%.

DA demands details of R4bn Eskom tender

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The Democratic Alliance wanted to see all documents relating to Eskom's controversial tender award for replacement of steam generators at Koeberg.

SA rescue “a concern” for Lesotho miners

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Analysts expressed concern regarding a possible rescue invasion of Lesotho by South African forces.

PIC prefers platinum over gold

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The Public Investment Corporation prefers investments in platinum over gold saying the white metal was strategic.

Medupi start-up to make little difference

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Insufficient maintenance of its existing fleet means power availability of Eskom's fleet has fallen drastically.

Amplats plans to triple Unki

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Anglo American Platinum is studying the costs associated with tripling production to 180,000 to 200,000 ounces a year from its Zimbabwean mine.

Gold Fields to derisk South Deep

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Gold Fields is considering two alternative mining methods that would derisk its South Deep project.