Eskom posts net loss after tax of R20.7bn

Power utility Eskom has reported a net loss after tax of R20.7-billion for the 2019 financial year, with municipal debt rising to some R20-billion. The power utility attributed the loss to a... 

'We are more than happy, but many people died for nothing' – miners react to historic ruling

They travelled through the night from the Eastern Cape to witness the historic judgment - and while they did not come into the courtroom, they celebrated through song and dance. Moments earlier,... 

Court approves historic R5bn settlement in silicosis saga

The Gauteng High Court in Johannesburg has approved the historic R5-billion settlement agreement in the lengthy silicosis case. Judge Leoni Windell found that “all the parties made an effort to... 

Coal to Newcastle: Residents say mine puts them in danger

Residents of Blaauwbosch village in Newcastle, who live near an old coal mine where informal mining takes place, say they are fed up with empty promises by the government and local politicians.... 

Gordhan says SOEs in dire straits, threatens boards and CEOs with intervention

South Africa’s State-owned companies are in a parlous state and if the boards and management of these organisations do not do what government expects of them, it won’t hesitate to intervene to... 

Eskom welcomes Trillian judgment, calls on more firms to come forward

Eskom has welcomed a high court judgement ordering Trillian to pay back the R595-million it earned in an "unlawful and invalid" contract. The Gupta-linked advisory firm was ordered by the High... 

Carbon Tax Act signed into law, effective from June 1

President Cyril Ramaphosa has signed the Carbon Tax Act into law and it will come into effect on June 1, the National Treasury said on Sunday. The Act was gazetted on May 23, together with the... 

Presidency slapped with hefty R29.9bn claim over Lesotho diamonds

A diamond mining company has filed a R29.9-billion claim against President Cyril Ramaphosa and his government as a near three-decade-long dispute over expropriated diamond mining rights in Lesotho... 

Over 400 organisations, small businesses join class action against Eskom

A law firm believes that its plans to launch a class action against Eskom over load-shedding are viable, despite a previous statement from the power utility that there are limited grounds for such... 

Harmony Gold mineworker dies after fall-of-ground incident

A 38-year-old mineworker died on Monday at Harmony Gold Mining Company in Doornkop, outside Johannesburg. She was certified dead on the scene. This, after a fall-of-ground incident at the mine, the... 

Amcu slams Lonmin-Sibanye merger over 'magnitude' of job losses at Appeal Court

Thousands of jobs will be lost at Lonmin over a three-year period following its merger with Sibanye-Stillwater, the Association of Mineworkers and Construction Union has argued. The union has... 

Eskom spokesperson resigns

Eskom spokesperson Khulu Phasiwe has resigned.  Phasiwe took to WhatsApp to announce his resignation. Phasiwe said he would complete his notice period at Eskom, and said he had no immediate plans... 

Mining body says 90 000 jobs at risk from electricity price hikes

The Minerals Council South Africa has said that as many as 90 000 jobs in the country's mining sector could be at risk "solely as a result" of recent electricity tariff increases. "Given the mining... 

Mantashe gunning for illegal mining syndicate leaders

Illegal mining operations and criminal syndicates steal, per annum, the equivalent of the total output of South Africa's legal gold mining operations in 2018. The Mineral Resources Minister Gwede... 

Cosatu slams Mantashe, echoes calls to amend mine health and safety act

Trade union federation the Congress of South African Trade unions (Cosatu) has denounced Mineral Resources Minister Gwede Mantashe’s statement that bringing criminal charges against mining bosses... 

Former Glencore CEO 'devastated' by Molefe's about-face on coal deal

Former Glencore chief executive Clinton Ephron has told the Zondo commission into state capture that he was devastated when former Eskom CEO Brian Molefe told him Eskom would not be updating the... 

Mantashe to visit Glory coal mine where 22 men are still trapped underground

Mineral Resources Minister Gwede Mantashe is expected to pay a visit to the Gloria coal mine near Middelburg, Mpumalanga, where 22 alleged copper thieves have been trapped and are believed dead... 

Disgruntled unpaid mineworkers allegedly hampering rescue efforts at Gloria coal mine

The fate of approximately 22 alleged copper thieves trapped underground hangs in the balance as rescue efforts are allegedly being hampered by disgruntled unpaid mineworkers. "They have threatened... 

Death toll rises to six at South Africa coal mine gas explosion

The number of people killed by a gas explosion in an unused coal mine in South Africa's eastern province of Mpumalanga has risen to six, and several others remain trapped, an official at the mine... 

Expect some tough announcements on Eskom soon – Davies

Eskom is in deep trouble financially and operationally and South Africa is facing enormous challenges in the electricity industry, Minister of Trade and Industry Rob Davies said on Tuesday. Davies... 

Mantashe to investors: Don't listen to doomsayers, invest in SA

Investors must be shown that there are opportunities to make money and that is what we offer them in the South African mining industry, Minister of Mineral Resources Gwede Mantashe said on Tuesday.... 

AMCU march: Motorists warned to stay out of Joburg CBD

Motorists have been warned to avoid certain areas of the Johannesburg CBD on Tuesday morning, due to a march by the Association of Mineworkers and Construction Union (AMCU). According to JMPD... 

Xolobeni turns Mantashe away

The community of Xolobeni in the Eastern Cape have reiterated that they do not want a mine in their area, despite the Department of Mineral Resources supposed intentions to issue mining rights. The... 

Gupta mining boss JP Arora gunned down

The CEO of Gupta-owned JIC Mining, JP Arora, was killed in a shooting on New Road in Midrand on Saturday night, police have confirmed. SAPS spokesperson Captain Kay Makhubele said he could not... 

Ramatlhodi to testify at Zondo commission of inquiry

Former Mineral Resources Minister Ngoako Ramatlhodi will be the fourth minister who served under former president Jacob Zuma to appear before the Zondo commission of inquiry into state capture on... 

High Court rules in favour of Eastern Cape community in historic mining rights case

The Mineral Resources Minister will have to obtain full and formal consent from the Xolobeni community prior to granting mining rights, the North Gauteng High Court ordered on Thursday. The Amadiba... 

Malusi Gigaba named in bombshell Treasury report on rot at Eskom, Transnet

National Treasury has released a bombshell report of more than 600 pages detailing the extent of rot at Transnet and Eskom over the last six years – and says Malusi Gigaba compromised the... 

Court sets aside decision allowing coal mine in Mabola Protected Environment

The North Gauteng High Court in Pretoria has set aside a 2016 decision allowing a new coal mine to be developed in the Mabola Protected Environment near Wakkerstroom, Mpumalanga. The decision had... 

Bid to have Lonmin’s mining licence suspended heads to court

The Mining Forum of SA heads to the North West High Court, Mahikeng, this week to have Lonmin's mining licence suspended. The forum says Lonmin has not met the commitments of its Social and Labour... 

MCSA hopes Mandela Platinum Coin will rival Krugerrand

CEO of the Minerals Council South Africa, Roger Baxter, was upbeat following the first day of the Jobs Summit, saying the industry has a proposal to improve platinum demand, a potential growth... 

46-year-old man dies in accident at Lonmin mine

A 46-year-old miner has died following an underground accident at Lonmin's K3 shaft on Sunday. According to a statement by Lonmin, Tembelani Manyana – who was a team leader – died in a... 

Transnet head Gama given notice of termination, board confirms

The Transnet Board has confirmed Transnet group chief executive Siyabonga Gama was given notice of termination, with ten days to justify why he should not be axed. In a statement, the Board said it... 

Mantashe to unpack finalised Mining Charter on Thursday

Minister of Mineral Resources Gwede Mantashe will on Thursday morning brief members of the media on the finalised version of the Mining Charter. The long-awaited release of a renewed charter comes... 

Damage to West Coast beaches from mining can be kept to 'acceptable' levels, say consultants

Consultants employed by Australian company Mineral Sands Resources (MSR) have acknowledged that the massive expansion of mining for mineral sands on 10 West Coast beaches north of the Olifants... 

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta's flagship company, Oakbay Investments, as a result of its failure to pay... 

Hawks investigate cases related to Gupta-loot worth more than R40bn

The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya... 

Gordhan announces whistleblower hotline to boost fight against corruption

Stabilising State-owned enterprises could take six months or longer, depending on the extent of corruption, said Public Enterprises Minister Pravin Gordhan. The minister on Wednesday briefed the... 

Treasury says has received draft report on Eskom coal contract

South Africa's National Treasury has received the draft forensic report on alleged irregularities in the awarding by state power utility Eskom of a coal contract to Tegeta and in logistics firm... 

Bail hearing postponed for men who allegedly torched mineworker bus, leaving six dead

The case against five men who torched a bus in which six miners were killed earlier this year has been postponed until August for a formal bail application. Kgaogelo Moime, 29, Sipho Khumalo, 28,... 

Private security company allegedly opens fire on protesters, injuring eight in Marikana

Eight people were shot and injured during a legal march, after a private security company fired rubber bullets at a group protesting outside Glencore mine in Marikana, North West on Tuesday...