Lynne Brown: SOEs must stay in government hands

Government needs to retain its ownership of state-owned companies to ensure economic growth and create employment for generations to come, said Public Enterprises Minister Lynne Brown. In her... 

Nersa seeks to curb Eskom, coal mines

The National Energy Regulator (Nersa) wants to determine a coal benchmark cost - an average rand/tonne cost of coal - as part of its final decision on Eskom's multi-year price determination (MYPD)... 

Announcement on Farlam Inquiry soon – Nhleko

An announcement on steps government will take to implement the Farlam Commission of Inquiry’s recommendations would be made soon, Police Minister Nathi Nhleko said on Thursday. His statement... 

Alexkor still eyes coal despite operating loss

State-owned diamond mining company Alexkor has not given up on plans to venture into coal mining. In 2013, the entity’s then CEO Percy Khoza said it planned to form partnerships with emerging black... 

Guptas' staff appeal to banks to save their Oakbay jobs

About 7 500 employees at Oakbay Investments will lose their jobs at the end of May if the Gupta-owned company’s bank accounts remain closed, staff at the company wrote in an open letter to banks on... 

Trapped KZN miners presumed dead, rescue called off

The brief search for illegal miners trapped underground in a disused illegal mine in Pongola has been abandoned, squashing any hopes that they might still be alive. A rock fall at the Klipwal... 

Court stops mining at historical site in Northern Cape

The Northern Cape High Court has granted a final order stopping mining at Canteen Kopje, a historical and archaeological key point outside Barkly West. The McGregor Museum in Kimberley sought an... 

Five illegal miners die in blasting accident at KZN mine

Five people have died in a blast during illegal mining activities at the Klipwal Mine in KwaZulu-Natal, the mining company announced on Sunday. "Despite extensive search and rescue operations… five... 

Patrice Motsepe launches new investment firm

Billionaire Patrice Motsepe, along with two former Sanlam veterans, have officially launched a new money management firm called African Rainbow Capital (ARC). Motsepe, who is chairperson of ARC,... 

Zim probes Rio Tinto’s Murowa share disposal

Zimbabwe is probing Rio Tinto’s disposal of its stake in two mines in Zimbabwe, charging that disposed shares were held offshore, hence the justification to investigate them and determine if due... 

Urgent probe for Zimplats after Panama Papers leak

Impala Platinum and government officials in Zimbabwe will probe the alleged involvement of the company's Zimplats unit after leaked papers showed it used an offshore company to pay salaries of... 

Panama Papers: Khulubuse Zuma responds

Controversial tycoon Khulubuse Zuma has spoken out on his link to the so-called Panama Papers – a tranche of millions of leaked financial documents detailing a trove of billions sheltered in tax... 

Panama Papers: BHP Billiton unaware of ‘high risk’ review

BHP Billiton said it was not aware that Panama-based law firm Mossack Fonseca had conducted an internal assessment after the leaked Panama Papers said the firm reviewed two of its British Virgin... 

AMCU vows to grind Sibanye to a halt over wages

The Association of Mineworkers and Construction Union (AMCU) wants to bring Sibanye Gold to a standstill on Wednesday to protest the wage settlement concluded with other unions in October 2015.... 

We have confidence in Zuma - ANC

The ANC national executive committee on Sunday reaffirmed that it had confidence in President Jacob Zuma, despite allegations that the politically connected Gupta family were influencing Cabinet... 

Police investigate plot to 'assassinate' NUM leader

Police have not yet been able to establish whether two men arrested in possession of dangerous weapons during a strike at Barberton Mines in Mpumalanga were part of a plot to assassinate a top... 

Molefe backtracks on load-shedding risk

Eskom CEO Brian Molefe on Wednesday retracted his previous statement that the lower tariff hike granted by the National Energy Regulator of South Africa (Nersa) would lead to load shedding this... 

Ground too unstable to carry out Lily Mine recovery

Unstable ground and rock falls at the Lily Gold Mine in Barberton, Mpumalanga are making it impossible for recovery teams to go down and retrieve the container where three workers are trapped. Mine... 

Brown: Eskom debt could climb to R350bn within 5yrs

Eskom had a debt of R333-billion at the end of last year, according to a written parliamentary reply by Public Enterprises Minister Lynne Brown. The power utility's approved borrowing programmes in... 

At least 3 dead in Zimbabwe diamond field accident – State broadcaster

Police divers in Zimbabwe's best-known diamond fields are searching for more victims of an accident that left at least three illegal panners dead on Wednesday, the state Zimbabwe Broadcasting... 

We will get Lily Mine workers out, alive or not – Minister Zwane

Everything possible is being done to rescue the three people still trapped in the Lily Mine in Mpumalanga, Mineral Resources Minister Mosebenzi Zwane said on Wednesday. ''We are interested in a... 

Zim govt faces lawsuit from diamond miners

Diamond mining companies ordered by President Robert Mugabe's government to stop gem mining operations in Eastern Zimbabwe are weighing their options, while some have started engagements for... 

Tegeta-Optimum merger approved with condition

The Competition Tribunal on Monday approved the controversial merger between the Tegeta Exploration and Resources, whose shareholders include President Jacob Zuma’s son and the Gupta family, and... 

Molefe on Eskom coal deals probe: We have nothing to hide

Eskom CEO Brian Molefe said while he was surprised with Treasury’s investigation of its coal supply contracts, the power utility will cooperate, he said on Monday. “The alleged mooted investigation... 

Lily Mine rescue operation to resume in three weeks

It may take up to three weeks for rescue operations to resume again at the Lily Mine in Barberton, Mpumalanga where three employees are still trapped underground, Mineral Resources Minister... 

Experts to determine if Lily Mine rescue efforts to continue

Rescue efforts for the three missing miners at Lily Mine near Barberton may continue at midday, AMCU leader Joseph Mathunjwa told News24 on Monday. Mathunjwa said they would meet with geological... 

Rock-shifting technology brings new hope to Lily Mine rescue efforts

New technology is being used to loosen a huge rock weighing between 20 t and 30 t that is hampering the rescue operation of three miners in Mpumalanga. Today marks a week since the three – Pretty... 

Mining Indaba is more relevant in bust than in boom – MD

The mining crisis and subsequent job losses in the industry might have had an impact on the number of delegates at the Investing in African Mining Indaba in 2016, but the dialogue between key... 

Lily Mine rescue team moves 550 t of rock

At 08:40 on Wednesday morning it was exactly five full days since disaster struck at Lily Mine in Louisville, near Barberton in Mpumalanga. For the past 120-plus hours, rescue teams have been... 

Guptas get interdict against EFF

The Gupta brothers on Tuesday obtained an urgent interdict to stop the EFF from threatening them. Judge Johan Louw granted an order in the High Court in Pretoria, interdicting the party, its leader... 

Rescue teams 12 m away from trapped miners

With rescue teams only 12 m away from where the Lily Mine workers in Mpumalanga are trapped, it's now only a matter of drilling through rocks to reach the three. The mine's operations director,... 

Gupta's face off with EFF in court

The Gupta family and the Economic Freedom Fighters (EFF) are expected to face off North Gauteng High court on Tuesday. The family, via their company Oakbay Investments,  is understood to have filed... 

Zim repays Implats unit $100m, revenues tumble

Zimbabwe says it repaid Impala Platinum’s unit in the country about $100-million in overpaid royalties, dragging down earnings from the mineral royalties segment by 110%, the Zimbabwe Revenue... 

Zimplats to go ahead with $447m expansion project

Zimplats says it is going ahead with its Zimbabwe based projects despite continued threats on a portion of its mining lease area. In a statement accompanying its results for the quarter ended 31... 

Eskom slams Gupta coal report as mischievous

A mine linked to the Gupta family has not been awarded a contract to supply coal for the Arnot power plant, Eskom has said. This after it was reported on Friday that state-owned Eskom was buying... 

Zim miners commit $362m to beneficiation

Zimbabwean mining companies have invested up to $362-million in mineral beneficiation projects expected to be completed in the next five years as the government intensifies a value addition drive... 

Independent panel of experts to help implement Farlam Commission findings

A panel of experts to assist in the implementation of the findings of the Farlam Commission has been appointed, Police Minister Nathi Nhleko announced on Sunday. Members of the independent body... 

Outcry against Zim's 49% proposed electricity hike

The business community in Zimbabwe has added its voice to opposition to a proposed electricity tariff hike of 49% by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), saying... 

Joburg diamonds reveal how Earth worked more than 3.5bn years ago

Diamonds dug up in Johannesburg between 1890 and 1930 have revealed how the Earth worked more than 3.5-billion years ago, according to new research. "Because diamonds are some of the hardest, most... 

Mines body sees bleak 2016 for Zim mining

The Chamber of Mines of Zimbabwe (COMZ) is anticipating little improvement in production and prices for most metals mined in the country, despite an easing in power supplies after Zimbabwe inked a...