South32 CEO would welcome mining sector megadeals
SOUTH32 would welcome an increase in mining sector mergers and acquisitions as it would create collateral opportunities for the company. “From our point of view, there’s nothing…
South32 won’t pay a premium for Anglo’s manganese stake
SOUTH32 will not pay a premium for control of manganese assets it shares in joint venture with Anglo American, the Australian firm’s CEO Graham Kerr has said. Anglo may sell its…
SA business welcomes Phillips as Transnet CEO
SOUTH Africa’s business community welcomed the appointment of Michelle Phillips as Transnet CEO saying it would help maintain momentum as the ports and rail operator tried to…
Transnet to name new executive appointments by month-end
TRANSNET was expected to finalise the appointment of a new permanent CEO and someone to head its largest division, Transnet Freight Rail by the end of the month, said the group’s…
Minerals Council pins hopes for turnaround on Eskom
THE Minerals Council of South Africa is looking for a stabilisation in the country’s mining industry ahead of a possible turnaround this but it depends on Eskom and Transnet, two…
SA coal exports will barely grow in 2024 as TFR toils
COAL exports through the Richards Bay Coal Terminal (RBCT) fell even further last year after 2022’s abysmal performance with the 2023 throughput of 47.21 million tons taking the…
Transnet heading for credit downgrade
TRANSNET is heading for a credit downgrade, according to BusinessLive which said on Monday Moody’s had placed South Africa’s state-owned ports and rail company on review…
Transnet seeking R50bn for mission critical capex
TRANSNET needs at least R50bn in funding to eradicate the current maintenance backlog on its rail network and to restore it to its full capacity. According to Bessie Mabunda,…
Kumba Iron Ore sales fall 12% in Q3 amid port breakdowns
IRON ore sales in the third quarter fell 12% year-on-year to 8.9 million tons (Mt), said Kumba Iron Ore, the Anglo American-owned company. This was owing to “multiple equipment…
Export coal executive latest to resign from Transnet – report
ALI Motala, head of Transnet’s embattled export coal business, is the latest executive to quit the state-owned rail and port logistics company, News24 reported citing several…
Exxaro raises prospect of first battery metals deal by next year
TIME is as scarce a resource as rail for Exxaro CEO Nombasa Tsengwa. Speaking at the Joburg Indaba, Tsengwa said Exxaro once believed it had as many as 20 to 30 years to…
Transnet to meet with Government this week to finalise turnaround plan
SOUTH Africa’s state-owned rail and ports company Transnet will this week meet with Government’s department of public enterprises to discuss operational upgrades aimed at…
Mantashe says executive exodus is “mice running from methane”
SOUTH African mines and energy minister Gwede Mantashe resorted to mining analogy to comment on recent executive and non-executive departures at Transnet and Eskom. In an article…
Defiant Mzimela blames “Chinese retaliation” for TFR failure
A DEFIANT Sizakele Mzimela, CEO of Transnet Freight Rail (TFR), faced the Joburg Indaba mining summit today just hours after announcing her resignation and blamed the lack of…
Siza Mzimela resigns TFR post – report
SIZA Mzimela, CEO of Transnet Freight Rail (TFR) has resigned, according to a report by News24. The publication said today Mzimela sent out a letter to staff thanking them for…
“Nowhere to hide at Transnet” as overhaul gains momentum
THERE’S no longer any hiding place at Transnet in the drive to reform the organisation as could be seen from the developments over the past week, according to former Exxaro…
Transnet clear-out to continue with TFR’s Mzimela in crosshairs
SIZA Mzimela, CEO of Transnet’s largest division, Transnet Freight Rail (TFR) is said to be the next high profile departure from the state-owned rail and ports firm. BusinessLive…
Portia Derby bows to critics announcing resignation from Transnet
TRANSNET’S Portia Derby has bowed to nearly a year of pressure announcing today her resignation from the state-owned ports and rail company, effective October 31. Nonkululeko…
For nine years Govt. didn’t listen to industry. Now it hasn’t a choice
Life is full of ironies. For Roger Baxter, one is that he bid adieu to his beloved Minerals Council just as government bowed to energy diversity. As a fresh-faced 32-year-old…
Patrice Motsepe is an enigma but on Transnet he spoke the truth
IMAGINE sitting in a brainstorming session with Patrice Motsepe, the chair of African Rainbow Minerals (ARM) and erstwhile owner of football club Mamelodi Sundowns? He is the…