Off The Wires

Northam, NUM talks ‘inconclusive’

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Northam Platinum said wage talks with the National Union of Mineworkers were 'inconclusive' with neither side changing their positions as of last week.

Yellen stimulus comments boost gold

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Comments from Federal Reserve chairperson nominee Janet Yellen that economic stimulus should not be removed too quickly helped support gold.

ZANU-PF lays into Mimosa job cuts

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ZANU-PF criticised Impala Platinum and Aquarius Platinum for proposing to cut 100 jobs at their jointly held Mimosa platinum mine.

Sentula up as eases capital raising fears

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Shares in Sentula Mining, which is restructuring its business to focus on its core mining contracting, soared this week after it eased fears it would tap shareholders for funds.

More defects at Eskom’s Medupi

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Hitachi Power Africa said it had detected a number of defects in the welding of a the first of Medupi's boilers to be commissioned.

Resgen bags plant contractor, lowers cost

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Resource Generation said it had secured a contractor for the plant for its proposed Boikarabelo mine are more than $50m below budget.

Coal projects in southern Africa total $45.5bn

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Coal expansions across 53 projects in southern Africa totalled investment worth $45.5bn, said Frost & Sullivan in a recent report.

Sasol to explore for gas, oil in KZN

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Sasol Petroleum International was won a permit to drill for gas and oil reserves in South Africa's KwaZulu-Natal province.

AMCU cuts wage demand 31% at Implats

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The Association of Mineworkers & Construction Union (AMCU) had cut wage demands 31% at Impala Platinum, the platinum producer said.

Congo blames Uganda for talks breakdown

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The Democratic Republic of Congo blamed mediator Uganda for the breakdown in peace talks with insurgents M23.