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Eskom says New Largo coal supply talks with Anglo back on track

By: Terence Creamer     Updated 6 hours ago Electricity utility Eskom says it and Anglo American have concluded a Memorandum of Understanding (MoU) that maps out the process to be followed to enable the parties to conclude a final coal-supply contract for the Kusile power station, which is currently being build in the Mpumalanga province.... 

Eskom says New Largo coal supply talks with Anglo back on track
Photo by Duane Daws
Eskom capital division group executive Dan Marokane

US Federal Court grants injunction halting EPA process against Alaska’s Pebble

By: Leandi Kolver     Updated 7 hours ago The US Federal District Court has granted the Pebble Limited Partnership’s (PLP’s) request for a preliminary injunction in its litigation against the US Environmental Protection Agency (EPA), PLP parent company Northern Dynasty Minerals reported on Tuesday. The EPA in February announced that it... 

US Federal Court grants injunction halting EPA process against Alaska’s Pebble
Northern Dynasty Minerals' Pebble project

Rare ruby expected to attract attention at Gemfields auction

By: Martin Creamer     Updated 7 hours ago A rare ruby is expected to attract attention at London Aim-listed Gemfields’ upcoming ruby auction. The 40.23-carat rough ruby, unearthed at the company’s Montepuez deposit in Mozambique’s northeast Cabo Delgado province, is expected to set a new benchmark for the quality of African rubies. 

Rare ruby expected to attract attention at Gemfields auction
Photo by Duane Daws
Ian Harebottle

Omnia expecting future benefit from new underground mining product, H1 profit lower

By: Leandi Kolver Specialised chemicals provider Omnia was expecting to see financial gains from its new underground charging unit, which enables it to take its emulsion into the underground mining space, during the next financial year, MD Rod Humphris said on Tuesday. Speaking at a presentation of the group’s... 

Omnia expecting future benefit from new underground mining product, H1 profit lower
Photo by Duane Daws
Omnia CEO Rod Humphris

Dec Medupi Unit 6 sync deadline at risk, as unit interval plan comes into focus 

By: Terence Creamer Electricity utility Eskom has confirmed a likely further, albeit modest, slippage in the schedule for first synchronisation of Medupi Unit 6, which was scheduled for December 24, 2014. The delay is the latest in several to afflict the project, which has faced numerous technical problems and... 

Dec Medupi Unit 6 sync deadline at risk, as unit interval plan comes into focus
Photo by Eskom
Medupi project site

Operational, financial headwinds place Eskom in worst position in ‘living memory’

By: Terence Creamer State-owned electricity utility Eskom is forecasting a dramatic slump in profitability for the full-year to March 31, 2015, with CEO Tshediso Matona indicating that its profit is likely to fall to R500-million in 2014/15 from nearly R7.1-billion in 2013/14. Releasing interim results on Tuesday,... 

Operational, financial headwinds place Eskom in worst position in ‘living memory’
Photo by Duane Daws
Eskom CEO Tshediso Matona

Paragon selects design, orders processing plant for Lemphane

By: Natasha Odendaal Aim-listed Paragon Diamonds has finalised the design and order of a $6-million 75 t/h processing plant for the Lemphane kimberlite mine, in Lesotho. The mine is owned by Paragon’s 80%-owned subsidiary Meso Diamonds. 

Petra BEE partners refinance loan

By: Natasha Odendaal Petra Diamonds’ black economic-empowerment (BEE) partners have secured refinancing from Absa Corporate and Investment Banking and FirstRand Bank, through Rand Merchant Bank (RMB), to settle the R1.08-billion in loans due to Petra following Senakha Mining Investments, Thembinkosi Mining... 

Petra BEE partners refinance loan

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