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Gupta-owned Oakbay Resources loses JSE sponsor over associated risk
Oakbay Resources and Energy, which is owned by the controversial Gupta family, on Monday lost its JSE sponsor, River Group, after being given notice of the termination of their appointment as...
US decision to withdraw from climate change agreement problematic
The office of the United Nations Secretary-General says the decision by the United States to withdraw from the Paris Agreement on climate change is a major disappointment for global efforts to...
Molefe removed as Eskom CEO, board might go too
Government on Wednesday ordered that Brian Molefe’s return to the helm of Eskom be rescinded and conceded that it had inflicted reputational harm on the country and the power utility. Public...
NUM vows to fight alleged racism at Kimberley Ekapa Mining Joint Venture
The National Union of Mineworkers (NUM) at Kimberley Ekapa Mining Joint Venture (KEM JV) said on Monday that it was “very concerned and disturbed” by the manner in which the mine management was...
Limpopo illegal miners appear in court
Five people allegedly involved in massive illegal mining of chrome in Limpopo are expected to appear in Sekhukhune and Mecklenburg courts on Monday. Police spokesman Brigadier Motlafela Mojapelo...
NUM to begin wage negotiations with Kumba Iron Ore
The National Union of Mineworkers (NUM) said on Tuesday, it will this week start wage negotiations with Kumba Iron Ore as the three-year agreement comes to an end on June 30. The NUM said it will...
Cosatu welcomes compensation for Lily mine victims’ families
The Congress of South African Trade Unions (Cosatu) has welcomed payments to the families of Pretty Mabuza, Solomon Nyarenda and Yvonne Mnisi whose bodies are still trapped underground at the Lily...
13 more bodies pulled from Free State mine
The search for more miners continues in a Welkom mine after 24 bodies were retrieved, Free State police said on Tuesday. “Thirteen more bodies have been retrieved, which brings the number to 24....
11 bodies pulled from Free State mine
Police in the Free State are investigating the deaths of 11 people who were pulled from a mine in Welkom. Police spokesperson Colonel Thandi Mbambo said police were investigating a case of inquest...
Eskom demands R6.2bn from Mpumalanga coal supplier
Eskom is demanding R6.2-billion from Mpumalanga billionaire pastor and coal baron Ramesh Joe Singh after his firm Just Coal supplied the power utility’s Tutuka Power Station with sub-optimal coal...
Molefe goes back to Eskom as CEO
It was widely reported on Friday morning that Eskom’s former chief executive, Brian Molefe, would return as head of the state-owned utility on Monday. The news was confirmed by Eskom spokesman...
Mineworker dies after fall of ground at Amplats’ Tumela mine in Limpopo
Anglo American Platinum (Amplats) reported on Wednesday that a mineworker had died from injuries suffered in a fall of ground related incident at the company’s Tumela Mine in the Thabazimbi...
Africa urged to transform dependence on commodities
Even as the world emerges from the worst of the global commodity price meltdown, African countries were urged on Tuesday to make the most of the next upward cycle to diversify and industrialise...
Wits to bestow honorary doctorate on Patrice Motsepe
Philanthropist and business leader Patrice Motsepe will on Friday receive an Honorary Doctorate in Commerce from the University of the Witwatersrand (Wits) for his achievements in business and...
DA to ask public protector to investigate Eskom acting CEO’s R1bn deals to stepdaughter
The Democratic Alliance will ask Public Protector Busisiwe Mkhwebane to launch an investigation into Eskom acting CEO Matshela Koko for allegedly awarding tenders worth R1-billion to Impulse...
Slow progress in payouts to former miners – Oliphant
Deputy Mineral Resources Minister Godfrey Oliphant on Thursday conceded that efforts to reach out and compensate former mineworkers, many of whom from neighbouring countries, have not been...
Kibo Mining positions for power purchase agreement with the Tanzanian government
Kibo Mining said on Thursday that it was well placed to conclude negotiations on a power purchase agreement (PPA) with the Tanzanian government following the completion of restructuring and policy...
Coal transporters take Eskom, government to court
The Coal Transporters Forum (CTF) has approached the high court, seeking an interdict to bar Eskom from entering into contracts with renewable energy independent power producers (IPPs) as envisaged...
Government confirms lawsuits from Marikana victims total close to R1.2bn
Government has been served with summonses of claims of over R1.1-billion in compensation from the victims of the Marikana massacre, which claimed the lives of 34 people on April 16, 2012, and ten...
Free State court hands down lengthy jail terms to 22 illegal miners
The Virginia High Court on Tuesday, imposed lengthy jail sentences to 22 convicted illegal miners, the Directorate for Priority Crime Investigation (the Hawks) said. “Lovemore Chaba Mlambo, 35, the...
Bleeding at South Africa’s State-owned oil company continues, MPs told
State-owned oil company PetroSA is set to suffer a projected devaluation of assets of R1.1-billion this financial year in addition to the R14.5-billion impairment it suffered in the 2014/15...
Police swoop in on illegal gold and platinum lab in Joburg
An illegal gold and platinum processing laboratory was shut down in Lenasia, south of Johannesburg, following a raid in which officers seized precious metals and manufacturing equipment worth...
Brown calls for Eskom to bring Dentons report to Parliament
Eskom should be called before Parliament to brief MPs on the Dentons report, Public Enterprises Minister Lynne Brown said on Wednesday. “Eskom should come and run you through the report,” the...
DA unimpressed with appointment of new mineral resources DG
The Democratic Alliance (DA) said on Friday that it was not impressed with the appointment of Advocate Thabo Mokoena as director-general of the Department of Mineral Resources, because he has no...
Marikana mineworkers in court for 2012 incidents
Eighteen Marikana mineworkers facing different charges following a violent strike in Marikana near Rustenburg in 2012, briefly appeared in the North West High Court on Monday. North West Judge...
If the future really is nuclear, Niger says it is ready for it
Investing in mining production in Niger might sound a little like playing in the traffic with razor blades but delegates at the Investing in African Mining Indaba heard on Tuesday, that it is a lot...
DRDGold reserves revised upwards by 67%
DRDGold on Thursday confirmed that it had recorded a 66.6% increase in mineral reserves on December 31. The South African producer that recovers gold from the retreatment of surface tailings, said...
Former mineworkers paid more than R60m by unclaimed benefits funds
Thousands of former mineworkers have been paid more than R60-million in unclaimed benefits over a two-year period to date, the Mines 1970 Unclaimed Benefits Preservation Pension and Provident Funds...
Lynne Brown throws weight behind Eskom’s coal procurement policy
Eskom will continue to “radically but fairly” transform coal procurement because this is a non-negotiable national imperative, Public Enterprise Minister Lynne Brown said on Tuesday. Eskom is...
Glencore mulls bigger stake in Mutanda Mine in DRC
Glencore said on Friday that it was considering options to take a bigger stake in the Mutanda Mine, a copper and cobalt mine in the Democratic Republic of Congo. The global mining company said the...
Kibo Mining unfazed by management restructuring at Tanzanian Electric Supply Company
Kibo Mining has said that it was not fazed by the ongoing changes and restructuring at the Tanzanian Electric Supply Company (Tanesco) which were seen as threatening to its Mbeya Coal to Power...
Bauba restarts chrome mining after price recovery
A recovery in prices has seen Bauba Platinum resume chrome mining at its Moeijelijk Mine, the company said on Thursday. The mine was placed under care and maintenance on January 11 last year after...
Court dismisses Afriforum’s interdict, Eskom to cut off defaulting municipalities
The North Gauteng High Court on Thursday dismissed with costs AfriForum’s application to prevent Eskom from cutting off power of more than seven municipalities who are billions of rand in arrears....
Economic growth and jobs priority for 2017, says Zuma in New Year’s message
Igniting economic growth to create more jobs would be top of government’s agenda for 2017, President Jacob Zuma said in his New Year’s message to South Africans. Zuma described 2016 as a fruitful...
South Africa, Nigeria adopt two-year action plan on cooperation in mining
South African Mineral Resources Minister, Mosebenzi Zwane and his Nigerian counterpart, Kayode Fayemi, on Tuesday endorsed a two-year action plan for the implementation of a memorandum of...
AMCU blasts Zuma over Marikana plan
The Association of Mineworkers and Construction Union (AMCU) president, Joseph Mathunjwa, on Tuesday blasted President Jacob Zuma for announcing the implementation of Farlam Commission of Inquiry’s...
Fitch revises Eskom outlook to negative
Fitch Ratings on Thursday revised the outlook on Eskom to negative from stable and affirmed its long-term local-currency issuer default rating at BBB-. Fitch said the revision followed the change...
Botswana diamond mine to retrench 450 workers
At least 450 miners will be retrenched next week at Karowe Diamond miner following a decision by owners Lucara Diamonds to prematurely terminate a mining services contract with South African...
KZN turns sod on R85bn privately owned coal power station
KwaZulu-Natal Premier Willies Mchunu on Tuesday said he was confident that the R85-billion investment to build a smelter park would usher in a new era characterised by employment and prosperity in...
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