SA gathering pace as rail, ports delivery improves
SOUTH Africa’s economy is gaining momentum as the country addresses long-standing structural bottlenecks, said Bloomberg News citing Standard Bank Group. The bank’s chief…
South32 waiting for IDC to play hand in Mozal sale
SOUTH32 is waiting for firm proposals from minority shareholders in Mozal Aluminium before progressing recently hatched plans to sell the 370,000 ton a year Mozambique smelter.…
South32 to sell aluminium assets to Alcoa for $4.1bn
SOUTH32 is to sell its aluminium assets, including South Africa’s Hillside facilities but excluding the shuttered Mozal Aluminium in Mozambique, to Canada’s Alcoa for $4.1bn in…
Mining DG cool on DTIC’s forced mining beneficiation plan
IN a revealing exchange at the Junior Mining Indaba on Tuesday, reflecting inter-departmental tension over the idea of forced mining beneficiation, Jacob Mbele, the…
Cadastre to be rolled out within a year, says DMPR’s Mbele
SOUTH Africa’s new minerals cadastre had been successfully rolled out in the Western Cape and would be implemented nationwide within the next 12 months, said Jacob Mbele,…
Rio Tinto exits diamonds after half a century
RIO Tinto has closed its last diamond mine, ending more than 50 years in the business as the world’s second-largest miner sharpens its focus on copper, iron ore, aluminium and…
Pressure on Eskom as South32’s Mozal edges towards closure
PRESSURE on Eskom, South Africa’s main electricity supplier, to come up with more affordable power tariffs for more of its industrial customers has intensified after South32 said…
Govt should step aside and let business build SA
WHEN I read about the KwaZulu-Natal high court ruling allowing the Philippines-based ICTSI to proceed with the upgrade of Durban’s Container Terminal Pier 2, I had two thoughts:…
RBM may fall into China’s lap if Rio proceeds with swap deal
RICHARDS Bay Minerals could fall into Chinese hands if majority shareholder Rio Tinto offers the titanium miner as part of an asset for shares swap with Chinalco. Reuters…
RBM to reduce emissions 60% after securing third power deal
RICHARDS Bay Minerals (RBM) on Thursday announced a third renewable energy supply agreement which will see the KwaZulu-Natal operation reduce greenhouse gas emissions by 60%. In…
From Crapco to mid-tier copper play, Kerr’s says South32 is unique
IT’S 10 years since BHP demerged production in coal, aluminium and silver into a company that became South32 — so named owing to its exposure to southern hemisphere assets. The…
Chinese firm buys control of MC Mining for R1.6bn
A CHINESE firm listed in Hong Kong has bought control of South African thermal and metallurgical coal development firm MC Mining. The $90m (R1.6bn) deal was announced today by MC…
RBM declares “all systems go” on Zulti South expansion
RICHARDS Bay Minerals (RBM) declared ‘all systems go’ for its Zulti South mineral sands project after restoring community stability at the KwaZulu-Natal province operation. The…
MC Mining advises shareholders to accept Goldway A$65.3m offer
AN independent committee appointed by Sydney- and Johannesburg-listed coal miner MC Mining has recommended shareholders accept a A$0.16 per share takeover offer by Goldway…
Jindal plan for $2bn iron ore mine in SA rejected
JINDAL Steel & Power Ltd. has had an environmental application to develop an iron-ore mine in South Africa at a cost of as much as $2bn rejected, said Bloomberg News. Citing All…
Transmission infrastructure urgently needed for Mpumalanga
SOUTH Africa’s Mpumalanga province could run out of available grid capacity within the next five to six years if no new transmission infrastructure is built in the province, said…
Transnet asks Govt. for bail out to enable capital investment
STATE-owned rail and ports company Transnet has asked Government to help pay off R130bn in debt before catching up on its maintenance and capital investment backlog, said…
SA starts talks with World Bank over $1bn loan for Eskom, Transnet
SOUTH Africa has opened discussions with the World Bank over a $1bn loan to help upgrade power and logistics infrastructure, said BusinessLive. The “discussions about…
Richards Bay Minerals needs more transparency
Richards Bay Minerals (RBM) still has a long slog ahead to resolve the thorny issue around its community trusts. These have been a flashpoint of unrest around its operations in…
Another nail in JSE’s flailing mining sector as RBPlat bids farewell
THE South African mining story of the year has surely been the epic tussle between Implats and Northam for RBPlats. It is all over now, barring the final delisting of RBPlats’…