Creator
Guest Author
Diamond Giant De Beers has cut its global workforce by 23%, or 4 700 positions, this year so far.
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.
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…
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…
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…
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…
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.…
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…
Zambia has ended negotiations with Standard Bank, Africa’s largest bank by assets, to finance a $1,2-billion (R9,7-billion) oil-import deal after the two parties failed to reach…
The South African government has moved to stem the haemorrhaging of jobs in the mining industry by allowing mines to increase their power consumption to 95% of normal usage.…
Platinum cleared the $1 900-an-ounce mark on Monday for the first time in its history as concerns of further supply disruptions due to power shortages continued to plague…
Permanent solutions to South Africa’s energy crisis are being sought, Minerals and Energy Minister Buyelwa Sonjica said on Tuesday. "I concede that this situation impacts…
In a surprise move, South African electricity utility Eskom has withdrawn its authorisation for the mining industry to increase its electricity use from 80% to 90% on Thursday.…
Gold Fields, the world’s fourth-largest gold producer, on Thursday warned that it may be forced to close shafts and restructure as a result of Eskom’s request that the mining…
South Africa’s mining industry could lose up to R9,2-billion in revenue and the country’s GDP could take a knock of up to R5,6-billion as a result of the power restrictions…
South Africa’s neighbours are feeling the pinch of Eskom’s problems as they are plunged into darkness and face power failures of their own. Namibia, Zambia and Zimbabwe have all…
Diamond giant De Beers, which is 45% owned by global resources giant Anglo American, is to pay a $295-million class-action settlement after it was accused of fixing diamond…
Electricity parastatal Eskom has failed to secure permission to hike annual tariffs by 18% after the National Energy Regulator (Nersa) on Thursday ruled that it may only…
Gold is on course to close 2007 at least $100 higher, setting the yellow metal up for its seventh consecutive year of gains in 2008. An ounce of gold cost $629,80 at the start of…
Xstrata, which has coal and alloy operations in South Africa, on Wednesday confirmed reports that it was in discussions with other mining companies. Shares in the resources group…
