Off The Wires

Kweyama ‘surprised’ by Eskom decisions

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Khanyisile Kweyama, head of Business Unity South Africa, said decisions taken by Eskom on the energy crisis were sometimes a "surprise".

“Eskom let us down very badly”: Motsepe

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African Rainbow Minerals executive chairman, Patrice Motsepe, let rip at Eskom saying the power utility had let South African down "very badly".

Shell confirms scaling back SA shale search

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Shell SA confirmed that it would scale back its shale exploration activities in the country which is a blow to the government's search for alternative energy sources.

DiamondCorp plans $7m royalty deal

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The UK diamond miner has signed a term sheet with Acrux Resources in which its subisdiary will receive $7m in return for a 3% net revenue-based royalty.

Illegal mining war claims six lives

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Police are searching for an armed gang that killed six people on the East Rand which is related to an illegal mining war in the region.

Tsotsi to chair Eskom inquiry sub-committee

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An inquiry into Eskom's affairs would be run through a sub-committee chaired by the utility's chairman, Zola Tsotsi - a decision that has drawn criticism.

ARM to cut capital, sell assets

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African Rainbow Minerals (ARM) is to review capital and sell assets following a decline in interim profit of 56%.

CoAL finalises BEE for Makhado

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Coal of Africa had reached agreement with community trust and empowerment partners to sell 26% of its Makhado prospect in South Africa's Limpopo province.

SA platinums sector should close its dogs

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South Africa's platinum sector ought to close its mature assets rather than seeking to sell them and allow the market to be adjusted.

DRC’s Kabila warned off seeking third term

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Opposition parties in the Democratic Republic of Congo fear that President Joseph Kabila may seek a third term in office when national elections roll along in 2016.