Consistent Eskom demand underpinning coal junior’s bullish sentiment

Local coal junior Umthombo Resources says power utility Eskom’s consistent demand for high-quality coal is creating long-term value for proven coal resources, and is driving the coal company’s bullish approach.

Company Announcement: Sappi Limited announces major investment in North American operations

Sappi Fine Paper North America to convert Cloquet Mill kraft pulp mill to chemical cellulose and to upgrade coated paper capability at Somerset Mill

Road haulage suitable alternative to rail

Logistics solution provider Reinhardt Transport Group CEO Graham Gaskell believes that, given South Africa’s limited rail network to transport coal, road transport becomes the only available alternative.

South African taxman collects R6bn in mining royalties, Russian miner, IDC to set up mining, prospecting fund, proposed Namibian uranium mine has R11bn price tag

The South African taxman has collected R6-billion in mining royalties in his first year of collection but is concerned about transfer pricing issues, the Russian Norilsk and South Africa's State-owned Industrial Development Corporation are setting...

14-01-2011 (On-The-Air)

Wits University has achieved a great breakthrough – it is able to turn garbage into electricity and also petrol and diesel, at a profit; Patrice Motsepe must have been watching and listening, because his company is taking steps to generate its...

Gold Fields shares top spot in carbon disclosure index

Mining giant Gold Fields and banking group FirstRand have emerged as South Africa's top JSE-listed companies for disclosure of greenhouse gas (GHG) emissions data, scoring 93% on the South African Carbon Disclosure Leadership Index (CDLI). World...

Jonathan Leslie joins Extract as CEO

Namibia-focused uranium explorer and developer Extract Resources announced on Monday that it had appointed Jonathan Leslie as the group's CEO. Extract chairperson Stephen Galloway said that Leslie had emerged as the outstanding candidate for the...

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...

Resources pullback exacts R20bn-plus toll on IDC's capital base

The sharp pullback in mining and resources shares over the past year exacted a severe toll on the value of the Industrial Development Corporation's (IDC's) resources-heavy listed investment portfolio, which declined by a massive R20-billion in the...

New technology pumps life into mines

Pump manufacturer Wanner Engineering, of the US, has deployed the new Kel-cell diaphragm position control (DPC) technology in its Hydra-Cell pump. The Kel-cell DPC ensures that the diaphragm does not tear under cavitation.

Daily podcast – September 30, 2008

In today's podcast: General Motors South Africa confirms that some 300 workers were offered voluntary severance packages, Sappi announced its €750-million acquisition of the European coated graphic paper business of M-real and, Minerals and...

Real Economy Report

This is the Real Economy Report. Our top stories this week: new rail projects to make Gautrain's R25-billion look like small change, Exxaro commissions first greenfields coal mine and, the head of industrial-component distribution group BMG,...