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Treasury report finds Koko meddled to help Tegeta

16th November 2018 Former Eskom CEO Matshela Koko obstructed coal testing that would have compromised the contract Tegeta Exploration cinched with the power utility, according to a forensic report released by National Treasury on Friday. The report by Fundudzi Forensic Investigation Services details how Eskom... 

Govt banking on policy certainty to revive mining industry

24th October 2018 South Africa's government is banking on recent reforms and policy certainty to revive the mining industry after production  fell by 1.7% in the first eight months of 2018 compared with an increase of 4.5% in the same period last year, Finance Minister Tito Mboweni said on Wednesday. In his maiden... 

Merafe Resources says output from joint venture with Glencore up 20%

19th October 2018 Mining company Merafe Resources said on Friday its ferrochrome production from the Glencore Merafe Chrome Venture for the third quarter ended 30 September 2018 increased by 20% to 84 000 t compared with the same period in 2017. Merafe said the increase was as a result of less planned maintenance... 

Kibo Energy says submits documents in bid for Tanzania coal to power project

19th October 2018 Africa-focused energy company Kibo said on Friday it had submitted its formal tender qualification document to the Tanzania Electricity Supply Company (Tanesco) for the Mbeya coal to power project, in line with the government’s new initiative to develop independent power projects. "Our visionary... 

Amplats to compensate relocated Limpopo community

8th October 2018 Anglo American Platinum (Amplats) will compensate two communities in Limpopo by R55-million - 19 years after they were displaced to make way for the Mogalakwena Platinum Mine. Members of the Ga-Pila community were initially paid R6 000 per family in compensation to be relocated. They maintain the... 

Mining Charter to be gazetted next week

21st September 2018 The final Mining Charter would be gazetted next week by Mineral Resources Minister, Gwede Mantashe. The Charter was approved with minor amendments by the September 19 Cabinet meeting. 

Gold wage talks deadlock again between Sibanye and AMCU

20th September 2018 Wage negotiations between the Association of Mineworkers and Construction Union (AMCU) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," AMCU said in a terse statement. 

Government's economic stimulus package to be made public soon – Presidency

17th September 2018 The economic stimulus package adopted by cabinet will reprioritise government spending within the existing fiscal framework towards activities that will stimulate economic activity, the presidency said on Sunday. President Cyril Ramaphosa had "shared" with South Africa’s business and labour... 

Mantashe pleased with mining contribution to GDP

4th September 2018 The mining and quarrying sector contribution to the gross domestic product (GDP) bode well for the sector and indicated a commodity boom may be imminent, Mineral Resources Minister, Gwede Mantashe, said on Tuesday. Statistics South Africa said on Tuesday that mining and quarrying industry... 

Hundreds of Mazowe Mine employees in Zimbabwe reportedly to be retrenched

3rd September 2018 Hundreds of Mazowe Mine employees will reportedly lose their jobs after the company was put under care and maintenance in Zimbabwe. Mazowe Mine is part of the Metallon Corporation group which includes How Mine, Mazowe Mine, Shamva, and Redwing Mine. The employees have reportedly been given three... 

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