Off The Wires

Eskom to recoup R7.8bn on under-recoveries

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The National Energy Regulator of South Africa said Eskom could recoup R7.8bn in under-recoveries for 2010 to 2013 period giving much needed relief to its balance sheet.

Gecamines CEO fired for mismanagement

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Joseph Kabila, president of the Democratic Republic of Congo has fired Ahmed Kalej Nkand, CEO of the country's base metals company, Gecamines.

Renamo, Mozi Govt to sign accord

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Renamo, Mozambique's main opposition party and the country's government are to sign a peace accord aimed at stopping violent clashes in Sofala province.

Harmony reports fatality at Doornkop

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Harmony Gold said an employee at its Doornkop mine was fatally injured following a fall of ground on July 29.

RBPlat halts Styldrift work after accident

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Work at a shaft in Royal Bafokeng Platinum's Styldrift project has been suspended following an accident in which seven employees were injured.

Earthlife in bid to stop Pelindaba smelting

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Earthlife Africa has asked South Africa's Gauteng High Court to stop smelting at the Pelindaba facilities of the Nuclear Energy Corporation of SA.

Numsa strike ends with 10% wage deal

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Numsa brought its four-week strike to an end after agreeing to a three-year wage deal in which its lowest paid members won increases of up to 10%.

Modi’s India to support diamond sales

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De Beers said India would support sales growth as the country's newly elected prime minister, Narendra Modi championed the diamond industry.

Merafe to post leap in interim earnings

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Merafe Resources said the weakness of the rand against the dollar and higher ferrochrome production would help interim headline share earnings 142% higher.

AngloGold profits hit by restructuring

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AngloGold Ashanti will report second quarter profits eroded by the cost of closing its Yatela mine in Mali and a restructuring of its operations in Ghana.