DiamondCorp signs 4-year deal with AMCU
DiamondCorp removed a key risk to its business signing a four-year wage deal with the Association of Mineworkers & Construction Union.
Sasol to end progressive dividend policy
Sasol is to adopt a more conservative cash distribution policy following the slide in the oil price which would negatively impact its earnings.
Olympic Dam disruption to help copper surplus
The forecast surplus in copper supply this year may not be as bad as feared following production disruptions at BHP Billiton's Olympic Dam.
Eskom back on track in 20 – 30 months
Eskom's maintenance backlog would take between 20 and 30 months to remove, said acting director-general of the energy department, Wolsey Barnard.
Kenmare to cut up to 20% of Moma staff
Recent cost cutting efforts were insufficient to head off lower mineral prices said Kenmare Resources which is to cut staff at its Moma facility by up to 20%.
Gemfields sales underpin “firm market demand”
Gemfields said the results of two auctions at the end of last year demonstrated the market for gemstones remained firm.
Diamond prices to rise in 2015: Mellier
Diamond prices had potential to increase in 2015 as demand was generally in good shape, said De Beers CEO, Philippe Mellier.
Merafe full-year earnings up to 26% lower
Merafe Resources said depreciation charges, increased borrowing costs, and restructuring would lead to annual earnings lower by 19% and 26%.
Zambia may cut spending on royalty deferral
Zambia may cut national spending if miners take up an offer to defer a royalty payment.
Newcastle reboot to lift AMSA in 2015
ArcelorMittal South Africa said cost cutting and increased volumes would make a positive contribution to its half-year figures.