Company Announcement: Exxaro and Tata Power form JV company

South African-based diversified resources company Exxaro Resources Limited (Exxaro) and The Tata Power Company Limited (Tata Power), of India, through its subsidiary Khopoli Investments, have formed a 50:50 joint venture to create a new energy...

Harmony halts South Reef production for infrastructure upgrade

South African-based Harmony Gold has ordered a 17-day production stoppage at its Doornkop mine’s South Reef to allow for infrastructure upgrades. Production at the Doornkop mine would be 45% to 50% less than the December quarter’s, but the...

African mining draws Canadian miners

Canadian companies’ interest in mining in Africa has increased in recent years, with between 25 and 35 companies attending this year’s Investing in African Mining Indaba, says Africa-focused business development and marketing company...

Chinese firm buys into local engineering company

Chinese engineering group Dadi Engineering Development Group has acquired a 20% stake in South African project engineering firm ProMet Engineers Africa.

Exxaro applies technology to expand coal mine under wetland

South African-based resources group Exxaro said on Friday that it was rolling out a wetland conservation project at its Matla coal mine in Mpumalanga, which would enable it to expand its underground operations while preserving one of the larger...

Investment arm seeks to list within three years

The investment division of TWP, known as TWP Investments, has set its sights on becoming an independent entity within the next two to three years, and seeks to be listed separately as a mid-tier natural resources and energy company.

Harmony halts sections of Doornkop after fatal accident

South Africa-based miner Harmony Gold on Friday reported that an employee at its Doornkop mine, on the West Rand of South Africa’s Gauteng province, had died. The employee had been killed as a result of a burst compressed air column.

Stellar Diamonds to relist on Aim next week

The enlarged Stellar Diamonds entity, which would include the merged West African Diamonds (WAD), would relist on London’s Aim market on February 22. Outgoing WAD chairperson John Teeling on Friday said that its shareholders had approved the...

Exxaro says FY earnings will be lower

South African-based Exxaro Resources on Thursday said it expects its headline earnings a share for the 2009 financial year to be between 30% and 34% lower than the year before, while attributable earnings would likely be down by between 70% and...

Harmony’s first-quarter gold output up 6%

South African-based gold-miner Harmony Gold recorded a 6% quarter-on-quarter increase in production to 11 615 kg of gold during the quarter ended September 30, 2009, but CEO Graham Briggs warned on Friday that the company might have to restructure...

DRC Ruashi mine reached record output in May – Metorex

South Africa-based Metorex’s Ruashi mine, in the Democratic Republic of Congo (DRC), has achieved record copper and cobalt production last month, the company said on Monday. Copper output surged by 21% to 1 847 t and cobalt production by 33% to...

Zambia Copper Investments has copper explorer in its sights

Mining investment company Zambia Copper Investments (ZCI) confirmed that it had made a binding $22,5-million offer for exploration and development company African Copper (ACU).