DiamondCorp calls off sale process as Lace starts to improve
DIAMONDCORP, a Johannesburg-listed diamond producer, said it had called off plans to sell the business as offers had been "opportunistic" and did not correctly...
Gold Fields to buy 50% of Gruyere project in Australia for...
GOLD Fields is to extend recently announced spending on new projects to $1.7bn after announcing plans to buy 50% of the Gruyere gold project...
Eskom seeking 9mt of coal as Tegeta asks for contract release
ESKOM may have to source nine million tonnes of thermal coal from other mining firms following a decision in September - confirmed by Tegeta...
Eskom defends Tegeta link saying it saved R10bn in coal costs
SOUTH African power utility, Eskom, defended its relationship with the Gupta family owned Tegeta Exploration & Resources (Tegeta) saying it was commercial and had...
Gold Fields’ Damang expansion shows sector growth difficulties
TWO newly unveiled gold projects – one by Gold Fields, the other by Harmony Gold – demonstrate the difficulty the world’s gold industry has...
SA miners want “urgent intervention” to restore DMR integrity
THE Chamber of Mines has called for "urgent intervention" to restore the integrity of the Department of Mineral Resources (DMR) which was implicated in...
Eskom’s Ngubane calls Thuli Madonsela “unduly believing”
ESKOM chairman, Ben Ngubane, today described former head of South Africa's Public Protector office, Thuli Madonsela, of having "an unduly believing mind" in compiling...
Randgold to review dividend policy at $500m net cash mark
RANDGOLD Resources said it should "get close" to generating $500m in net cash by the close of its financial year - a level of...
Firm behind R500m De Roodepoort coal project was Gupta linked
THE company that said it planned to build a R500m, 1.44 million tonnes a year (mtpa) coal mine in South Africa's Mpumalanga province -...
Tegeta coal prepayment “amounts to fraud”, says Public Protector
THE relationship between Eskom and the Gupta family's Tegeta Exploration & Resources (Tegeta) is a prominent feature of the Public Protector's report into state...