James Macharia

Harmony sees higher 2009 output

Harmony Gold lifted its second quarter earnings due to a weaker rand, and said on Friday its output would rise this year.

SA platinum output to rise slightly in 2009

SA should see a ''modest'' rise in platinum output in 2009 after a decline this year, but long-term mine expansions will be restricted by power supply.

SA risks new power cuts, says minister

SA may face fresh power cuts early in 2009 because the level of voluntary energy savings has fallen below the required 10%.

SA mine deaths put producers under spotlight

Top gold and precious-metals producer South Africa is wrestling with mounting mine deaths, putting the heat on mining firms to end the carnage.

Gold Fields to fight fraud claim

Gold Fields, the world's number four gold producer, said on Friday it would fight fraud claims against a unit of the group totalling R11-billion.

Strike hurts mining, factories

South Africa's giant mining companies were badly hit by a strike on Wednesday over rising power, food and fuel prices.

Cosatu one-day strike gets under way

South African mine workers started striking on Wednesday as part of a mass action over rising power, food and fuel prices.

Eskom sees no winter power cuts

State-owned power utility Eskom said on Thursday it was confident South Africa could get through the winter months without power cuts.

Miners’ union will use strike to send ‘strong message’

South Africa's biggest miners' union said on Wednesday it would down tools on August 6 in a national strike that could halt production.

Gold Fields to invest in own power

Gold Fields said on Monday it would invest in its own emergency power generation for its South African operations at a cost of R200-million.

Eskom seeks higher tariff hike

Eskom wants the country's energy regulator to raise a 14,2% tariff hike it granted the utility last year, citing escalating coal prices as it battles a nationwide power crisis. Eskom, which generates most of its electricity from coal, said on Friday it wants tariffs hiked even more than the 18,7% it had initially requested last year but which was rejected by the regulator.

Zim won’t grab free stake in mining firms

Zimbabwe's draft mining Bill will not force firms to give a stake to the government for free as previously feared, and will be debated by Parliament after elections next month, a senior official said on Thursday. The government of President Robert Mugabe, who is running for another five-year term, published the Bill last November.

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