Sephaku sells gold and nickel assets to focus on core projects

JSE-listed diversified minerals exploration and development company Sephaku Holdings will sell some of its gold and nickel assets to focus its attention on cement and fluorspar projects. Cayman Islands-incorporated Mandra Capital and private...

South African commodity lines at heart of Transnet's enlarged investment plan

Transnet's commodity corridors were likely to be the main beneficiaries of the State-owned transport utility's expanded five-year capital investment programme, acting CEO Chris Wells reported on Friday. He confirmed that the new plan, which would...

Bumper year for local entity

Despite the current global economic downturn, manufacturer of engineered products Sulzer South Africa has been awarded a number of prestigious contracts.

IFM to cogenerate at fraction of proposed new Eskom tariff

London-listed South African ferrochrome junior International Ferro Metals (IFM) is all set to cogenerate its own electricity at a fraction of the proposed new Eskom tariffs. IFM CEO David Kovarsky said on Thursday that the company might be able...

Sylvania’s September quarter PGM output up 36%

South Africa-focused Sylvania Resources on Wednesday reported that platinum group metal (PGM) production for the quarter ended September had increased by 36% compared with the previous quarter. Sylvania said in a statement that it produced 5 558...

Sallies widens loss, says up to R100m needed to reopen Witkop mine

JSE-listed fluorspar-miner Sallies on Monday reported that its loss for the 2009 financial year had deepened to R53,1-million and said that it would need up to R100-million to reopen its Witkop mine in South Africa’s North West province. The...

Eskom’s Godsell seeking new deal with aluminium smelters, as secured with coal-miners

Eskom is going all out to strike a new deal with its commodity-and-currency-linked customers and points to the success the State-owned utility has had with its coal-miner suppliers as a beacon of hope.

Loss-making Eskom spends R7bn more on coal

State-owned power utility Eskom, which posted a record R9,7-billion loss in its 2009 financial year to end March, spent R7-billion more on coal than in the previous year. "The South African coal industry sold Eskom a lot of coal last year at very...

Mandela/Zuma company bids R215m for Pamodzi Gold Orkney, preserves jobs

Black economic-empowerment company Aurora Empowerment Systems, of which President Jacob Zuma's nephew Khulubuse Zuma is chairperson and Nelson Mandela's grandson Zondwa Mandela is MD, has bid R215-million for the provisionally liquidated assets of...

Strong rand weighs as Harmony wins plaudits for first dividend in half decade

While South Africa's third-largest gold miner Harmony Gold won plaudits on Monday for unexpectedly declaring its first dividend in half a decade, its CEO Graham Briggs was quick to point out to Mining Weekly Online that the company would not be...

Project spread aimed at ‘sweating assets’

Projects worth an estimated R80 -million are in full swing at Rand Refinery Limited’s (RRL) site in Germiston, on Gauteng’s East Rand, with completion scheduled for the end of this year.



Merafe expects to report interim loss

JSE-listed Merafe Resource has advised shareholders that financial results for the six months ended June 30, would differ by at least 20% from the prior comparative period. The company said in a statement that it expected to report a net loss of...