R/€ = 16.39 Change: -0.01
R/$ = 14.50 Change: -0.01
Au 1313.16 $/oz Change: 0.80
Pt 844.00 $/oz Change: -21.74


Supply chain solutions offered to coal sector

15th March 2019 Supply chain solutions provider Makoya Group has celebrated a successful five-year relationship with heavy equipment supplier HPE Africa, the sole distributor of Hyundai construction equipment in South Africa, and has affirmed that the partnership has been integral in securing the company’s... 

Council sees potential in coal exports

15th March 2019 In its 2018 facts and figures pocketbook published last month, Minerals Council South Africa notes that South Africa has an annual coal export potential of 110-million tons compared with the 75-million tons currently being exported. This would not only increase investment by more than 10% to... 

Eskom reform urgent to restore ferrochrome potential 

By: Martin Creamer     12th March 2019 The demise of State power utility Eskom has caused South Africa to lose its optimal position in the lucrative ferrochrome business. Because of Eskom’s decline, unbeneficiated chrome ore exports from South Africa to China have enabled the Asian giant to ascend up the ferrochrome production ladder. 

Former Glencore CEO 'devastated' by Molefe's about-face on coal deal

By: News24Wire      28th February 2019 Former Glencore chief executive Clinton Ephron has told the Zondo commission into state capture that he was devastated when former Eskom CEO Brian Molefe told him Eskom would not be updating the company’s contract with the power supplier. Ephron took to the stand on Wednesday and was widely... 

Freight rates drop as more ships become available – Assore 

By: Martin Creamer     27th February 2019 Freight rates have dropped quite substantially since the iron-ore tailings dam tragedy in Brazil ,with more vessels becoming available, Assore CEO Charles Walters reports. Since the Brumadinho dam disaster, some 30-million tonnes of iron-ore supply have been withdrawn from the market. 

Transnet sets up war room to combat infrastructure-theft surge and line sabotage 

By: Terence Creamer     22nd February 2019 Transnet Freight Rail (TFR) has set up a war room together with the South Africa Police Service (SAPS) in a bid to deal with a surge in infrastructure theft, as well as recent acts of sabotage and vandalism on its key coal corridor from Ermelo, in Mpumalanga, to Richards Bay, in KwaZulu-Natal. On... 

Price premiums boosting quality-focused Kumba Iron Ore  

By: Martin Creamer     19th February 2019 South Africa’s Kumba Iron Ore, which stands head and shoulders above its peers when it comes to iron-ore quality, is achieving major price premiums well above historical heights. Structural change and strong growth in particularly the China steel market has placed the Anglo American group company... 

Kumba pays dividend, boosts safety, explores, creates local jobs

By: Martin Creamer     19th February 2019 Product-improving  Kumba Iron Ore generated hefty operational cash flow, paid a competent final 2018 cash dividend, pressed on with exploration in a new area and supported the creation of 2 600 new jobs in the local community, during a fatality-free, safety-boosted year, characterised by higher... 

Transnet, Botswana Rail seek to unlock Botswana’s coal reserves

By: Nadine James     7th February 2019 State-owned Transnet and Botswana Railways have resuscitated discussions on the construction of a proposed heavy-haul railway line that will link the two countries to “unlock” Botswana’s estimated 212-billion tons of coal reserves, Transnet announced on Thursday. Discussions around this project... 

Transnet promises to ramp up efficiency 

By: Kim Cloete     6th February 2019 Transnet has promised to deal with corruption and step up efficiency around its operations, which have taken a heavy knock over the past few years. “Over the past ten years, we have injected capital of R42-billion into the network side. Yet the scale of the network is worse today than it was ten... 

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