SA Govt to deploy soldiers to curb illegal mining
THE South African government has authorised the deployment of 3,300 soldiers in support of police efforts to curb illegal mining, said Bloomberg News.
Citing a...
Zimbabwean targeted as UK tightens sanctions on Russian metal exports
THE UK tightened sanctions on gold and platinum group metal (PGM) exports from Russia including the activities of a company with links to a...
Transnet R4.4bn debt rollover only raises prospect of state bailout
SOUTH Africa's Public Investment Corporation (PIC) rolled over R4.4bn in debt owed by the country's state-owned rail and ports firm Transnet, said News24.
However, the...
Zimbabwe miners facing profit slump
MINING firms in Zimbabwe, which are among the country's top export revenue earners, are likely to see profits drop almost 15% next year, with...
Base Resources shares tumble as signals end of Kwale
SHARES in Base Resources tumbled nearly 18% after the company said exploration had failed to extend the resources of its Kwale mineral sands deposit...
Transnet seeking R50bn for mission critical capex
TRANSNET needs at least R50bn in funding to eradicate the current maintenance backlog on its rail network and to restore it to its full...
Transnet pencils in net profit for 2025 if capital funding secured
TRANSNET set out plans to return to profit in its 2024/25 financial year as part of a turnaround plan in which it confirmed the...
Transnet asks Govt. for bail out to enable capital investment
STATE-owned rail and ports company Transnet has asked Government to help pay off R130bn in debt before catching up on its maintenance and capital...
Rail roadmap outlines private investment on bulk mineral rail routes
TRANSNET Freight Rail's (TFR's) customers will be able to negotiate rail use rates in return for capital investment in terms of draft roadmap that stops...
Transnet to meet with Government this week to finalise turnaround plan
SOUTH Africa's state-owned rail and ports company Transnet will this week meet with Government's department of public enterprises to discuss operational upgrades aimed at...