Author

 
Sherilee Bridge

Sherilee Bridge

    Zim withdraws controversial mining Bill
    Zim withdraws controversial mining Bill
    Zimbabwe's new inclusive government has withdrawn from Parliament the country's controversial mining Bill.
    De Beers cuts workforce by 4 700 this year
    De Beers cuts workforce by 4 700 this year
    Diamond Giant De Beers has cut its global workforce by 23%, or 4 700 positions, this year so far.
    Lonmin suspends all opencast operations
    Lonmin suspends all opencast operations
    Lonmin on Tuesday said it planned to suspend all its opencast operations from the end of this year as it scales back on unprofitable ounces.
    Gold Fields says strike ends, all workers safe
    Gold Fields says strike ends, all workers safe
    Gold Fields, the world's fourth-largest gold producer, on Friday confirmed that the illegal strike at its Beatrix mine near Welkom in the Free State had been called off.
    Stratton won't return to SA, denies bribing Selebi
    Stratton won't return to SA, denies bribing Selebi
    Australian businessman John Stratton is fighting South Africa's plans to have him extradited in connection with the murder of mining magnate Brett Kebble. Currently living in Perth, Stratton is wanted by the Scorpions as an alleged co-conspirator in the brutal murder of mining magnate Brett Kebble in September 2005.
    Eskom tariff decision quietly postponed
    Eskom tariff decision quietly postponed
    The National Energy Regulator of South Africa has quietly postponed its final decision on Eskom's application for a 53% tariff hike to June 18. By Thursday the regulator had not yet posted notice of the change in its decision date on its website, despite the conclusion of this week's public hearings into the proposed tariff increases.
    Mitsubishi mulls Pebble Bed investment
    Mitsubishi mulls Pebble Bed investment
    Japanese engineering and heavy machinery maker Mitsubishi Heavy Industries is reportedly considering a ¥10-billion (R746,5-million) investment in South Africa's Pebble Bed Modular Reactor (PBMR). The investment would buy the Japanese company a stake of about 10% in PBMR.
    Sasol shareholders okay R25,9bn BEE deal
    Sasol shareholders okay R25,9bn BEE deal
    Petrochemicals giant Sasol on Friday said its shareholders had approved its planned R25,9-billion black economic empowerment (BEE) transaction. The world's largest producer of oil from coal announced its intention to conclude a broad-based BEE ownership transaction in respect of 10% of its issued share capital in September last year.
    Replacing petrol pumps to take 'several months'
    Replacing petrol pumps to take 'several months'
    The South African Petroleum Industry Association said the replacement of older petrol pumps, which are unable to reflect a price of more than R9,99, would take several months. Roughly 18 500 petrol pumps, or about 30% of all South Africa's pumps, need to be replaced. These pumps do not have digital readings.
    Uranium deal to net Harmony R1,9bn
    Uranium deal to net Harmony R1,9bn
    Harmony Gold Mining will receive a foreign-capital injection equivalent to R1,9-billion once all the conditions precedent in the $420-million transaction with the Pamodzi Resources Fund have been fulfilled, Harmony CEO Graham Briggs said on Thursday. A new uranium player, Rand Uranium, will be established.
    SACP threatens mass action over Eskom price hikes
    SACP threatens mass action over Eskom price hikes
    The South African Communist Party (SACP) on Friday threatened to "take to the streets" in protest against South African power utility Eskom's proposed electricity hikes. "We will announce in due course a rolling mass-action programme to stop this neo-liberal attack on the quality of life of South Africans," the SACP said in a statement.