Company Announcement:Bob Brown’s carbon tax to hit NSW power bills harder

Senator Bob Brown‟s parting legacy, the Federal Government‟s carbon tax, will increase the electricity costs of NSW families and businesses more than the other States because NSW receives none of the Energy Security package compensation for...

Evraz Highveld signs Eskom buy-back deal, pushes ahead with cogen plan

South African steel and vanadium producer Evraz Highveld has signed a power buy-back deal with Eskom, which would enable the utility to request the JSE-listed group to reduced consumption by 25% for up to two hours a day should the electricity...

Company Announcement: RBC Capital Markets: RIO.L - A Curate's Egg

Record FY 2011 results ahead of a tougher 2012 Results in line before impairments: Rio’s results were largely in line with RBC and consensus, though impairments (largely aluminium) were higher than anticipated. The group closed December with its...

Company Announcement: Transnet posts strong half-year results

Transnet SOC Ltd today announced an impressive set of financial results for the six months to 30 September 2011 as ongoing efficiency and productivity improvement and capital expenditure boost growth in volumes.

SA’s power prices approach affordability ‘tipping point’

South Africa’s electricity prices, which have more or less doubled from an average real level of 25c/kWh in 2008 to the current level of 50 c/kWh, were approaching an affordability “tipping point”, the Energy Intensive User Group (EIUG)...

China's Wing Hing to buy SA gold assets in $580m deal

China’s Wing Hing said on Thursday that it planned to buy up to 87% of South African gold company Taung Gold for $580-million to take advantage of the surging gold price. Gold continued to hit record highs above $1 620/oz this week as concerns...

Increasing environmental awareness boosts agitator demand

Water handling and treatment solutions provider ITT Water & Wastewater reports that elevated energy costs and a growing concern for the environmental impact of operations have provided a significant boost to its new Flygt top-entry agitators.

Eskom says 80% of coal contracts secured up to 2020

South African power utility Eskom has contracted 80% of its cumulative coal supply up to 2020, but CEO Brian Dames said on Friday that rising coal prices and competing export markets were growing concerns. The utility buys 47% of its coal on...

Sandvik commissions Africa’s biggest surface top-hammer drill rig at East London quarry

South African sand and aggregate producer Independent Quarries has commissioned the first of mining equipment provider Sandvik’s DPi Series surface top hammer drill rigs, at its quarry in East London.

Gold miners may post 'sensational' Q1 amid record prices

– North American gold producers are expected to report record first-quarter profits over the next few weeks, and may continue to increase dividend payments as gold prices soar to new highs. The yellow metal has repeatedly set new records this...

High Court lifts Blyvoor judicial management order

The High Court of South Africa on Tuesday lifted a provisional judicial management order on South African miner DRDGold's Blyvooruitzicht subsidiary. The gold miner, which held a 74% stake in Blyvooruitzicht, had, in March, filed papers with the...

DRDGold wants Blyvoor judicial management order lifted

South African miner DRDGold's Blyvooruitzicht unit had filed papers with the mine's joint judicial managers to support its view that a judicial management order should be lifted. DRDGold's 74%-owned Blyvooruitzicht Gold Mining Company would meet...