Off The Wires

AngloGold halts Blyvoor 5 shaft pumping

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AngloGold Ashanti has stopped pumping activities at Blyvoor 5 shaft but will keep dewatering its neighbouring Savuka shaft by pumping two other Blyvoor shafts.

Zimbabwe wary of resuming chrome exports

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Walter Chidakwa, Zimbabwe's mines minister, said the country was under pressure to resume chrome exports, but doing so would discourage beneficiation.

Coal miners told improve or face regulation

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South African coal miners were told to either improve the quality of coal supply to Eskom or face government regulation.

Strike at AngloGold’s Mali mines delayed

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A strike at the Mali mines of AngloGold Ashanti over improved lay-off terms has been delayed while workers look towards more negotiations.

SA platinum losses now at 500,000 ounces

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Production losses at the Rustenburg mines of Impala Platinum, Anglo American Platinum and Lonmin are 499,000 oz, more than lost in the violence of 2012.

African Barrick hails sale price as ‘progress’

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The sale of shares in African Barrick by the firm's parent company for $188m was a sign of the progress the firm had made, said CEO Brad Gordon.

Barrick Gold to sell shares in African unit

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Barrick Gold said it would sell a 10% stake in its 74%-owned London-listed African arm, African Barrick Gold, it said on March 10.

Sasol to monetize Mozambique gas

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Sasol said it was seeking ways to monetise Mozambique's oil and gas resources rather than seeing all the southern African country's resources exported to Asia.

SA needs another power station like Medupi

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South Africa required another power station the size of the 4,800MW Medupi, said analysts who feared the country would continue to suffer power deficits.

Sasol lifts profit 26%, drives efficiencies

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Fuels-from-coal group, Sasol, drove interim profit 26% higher owing to the rand, and said it hoped to extract efficiencies from having streamlined the organisation.