Concrete pump manufacturer sees turnaround in 2010

Concrete pump manufacturer Putzmeister South Africa (PMSA) CEO Ludwig Geyser tells Mining Weekly that, during 2009, the company, like many others, experienced a decrease in turnover of nearly 50% despite the build-up to major events such as the...

Miner-supported investigation calculates ‘sustainable' Eskom price hike at 25%

Research consultancy Genesis Analytics asserts South Africa's State-owned power utility, Eskom, can cut a further ten percentage points a year off its application for tariff increases of 35% annually to 2013.

Eskom faces avalanche of opposition as tariff hearings begin

South Africa's State-owned power producer Eskom moved on Monday to defend its highly unpopular application for price increases of 35% a year for the three-year period from April 1, 2010, to March 31, 2013, at the first of what would be nine...

Exxaro in R30bn-plus coal-based development plan in Waterberg

JSE-listed top-forty company Exxaro is involved with coal-based development plans worth at least R30-billion, the company told journalists on Wednesday. “You are standing on the future of coal-mining in South Africa,” Exxaro CEO Sipho Nkosi...

Offspring of South Africa’s iconic struggle veterans 
take to the gold stage

The offspring of the iconic Nelson Mandela and South African President Jacob Zuma have taken to the stage in South Africa’s ever-changing gold-mining industry.

Initiating a ‘new golden struggle’ is Nelson Mandela’s grandson, Zondwa...

Metmar’s interim revenue drops 60% to R830m

South African commodity trader Metmar on Wednesday reported that revenue for the six months ended August was down by 60,3%, from more than R2-billion in the first half of 2008, to R829,7-million. The cash generated from operations amounted to...

Aurora destined to be major gold player – Zondwa Mandela

The soon-to-be-listed Aurora Empowerment Systems was destined to be a major gold player, Zondwa Mandela, Nelson Mandela's grandson, said on Wednesday as he clinched another significant gold acquisition and revealed, under questioning, that he had...

New fund to target coal, renewable-energy projects

Investors looking to target the mining industry as a means of capital investment can look forward to some welcome relief in the coming months.

SA contract miner sets up shop in Chile

The mining-contracting division of construction and engineering group Murray & Roberts, Murray & Roberts Cementation, reports that the company has its eye on South America as a major growth area and has established a company, Cementation...

GOT TO GO UP

The project order book of South African engineering, construction and mining group Murray & Roberts consolidated at the R40-billion level by June 30. Although down from the R55-billion backlog it reported at end of June last year, following...

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...