Zim withdraws controversial mining Bill
De Beers cuts workforce by 4 700 this year
Lonmin suspends all opencast operations
Gold Fields says strike ends, all workers safe
Stratton won't return to SA, denies bribing Selebi
Eskom tariff decision quietly postponed
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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.
A possible strike in the petroleum sector has been temporarily averted after employers made a provisional offer of 8% to trade unions, it was announced on Tuesday. Negotiations in the chemical bargaining council on Monday saw trade unions reduced their demand to 9%, while employers increased their original offer from 7% to 7,5%.
The world's biggest resources group, BHP Billiton, on Monday piled pressure on Rio Tinto to take another look at its proposed $153-billion all-scrip merger by pitching the benefits of the merger to analysts and shareholders. Marius Kloppers, CEO of BHP Billiton, said the combination would unlock value that is otherwise unavailable.
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.
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.
A possible strike in the petroleum sector has been temporarily averted after employers made a provisional offer of 8% to trade unions, it was announced on Tuesday. Negotiations in the chemical bargaining council on Monday saw trade unions reduced their demand to 9%, while employers increased their original offer from 7% to 7,5%.
The world's biggest resources group, BHP Billiton, on Monday piled pressure on Rio Tinto to take another look at its proposed $153-billion all-scrip merger by pitching the benefits of the merger to analysts and shareholders. Marius Kloppers, CEO of BHP Billiton, said the combination would unlock value that is otherwise unavailable.
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.
