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By: Sapa Updated 38 minutes ago A South African labour court upheld the suspension of the chief executive of power utility Eskom on Friday. Tshediso Matona was temporarily relieved of his duties earlier this month along with three fellow executives while an inquiry is held into the operations of the troubled utility. →
By: Natalie Greve Updated 50 minutes ago Diamond explorer Botswana Diamonds continued to advance second-phase exploration on three of its joint venture (JV) blocks in the Orapa area of Botswana, telling shareholders on Friday that the diamond industry continues to “glisten” in a resource sector depressed by weak demand. Chairperson John... →
By: Megan van Wyngaardt Updated 1 hour 58 minutes ago A challenging construction sector, difficult contractual environment and poor operational performance have contributed to JSE-listed construction company Basil Read reporting an R820.9-million aftertax loss for the year ended December 31, 2014. “Lossmaking contracts across all construction... →
By: Esmarie Swanepoel Updated 2 hours 10 minutes ago Australian gold miner Evolution Mining on Friday confirmed reports that the company had been engaging private gold producer La Mancha in negotiations regarding potential asset acquisitions. Evolution reported that discussions with La Mancha had taken place regarding a possible transaction... →
By: Esmarie Swanepoel Updated 2 hours 15 minutes ago ASX-listed junior A1 Consolidated Gold delighted shareholders on Friday by announcing the first gold pour at its Maldon treatment plant, in Victoria, and resulting a 25% increase in its share price. The first gold dore, produced earlier this week, weighed 146.3 oz, and was produced from the... →
By: Esmarie Swanepoel Updated 2 hours 28 minutes ago Gold miner Millennium Minerals has agreed to divest of its Beatons Creek tenements, in Western Australia, in a deal valued at A$3.8-million. The tenements included three mining leases, and were previously the subject of a farm-in agreement with Novo Resources Corporation, under which that... →
By: Esmarie Swanepoel Updated 2 hours 41 minutes ago Coal miner Whitehaven Coal on Friday completed its A$1.4-billion refinancing with a syndicate of Australian and international banks. The senior bank facility was secured earlier this month, and would replace an existing credit facility, resulting in lower interest rates and increased headroom. →