25 Jun 2013

Mining

Madiba critical but comfortable

The news is topped right now, quite rightly, by reports around Nelson Mandela's health status, which is reported to be critical, but his medical team is ensuring he is as comfortable as possible.

If you're cohabiting, you may need to cough up in the event of an insurance claim... apparently, unmarried couples who live together or keep their possessions at their partner's residence face an increased risk of insurance claim rejections for personal belongings if they fail to fully disclose their living situation to their insurers.

Ouch! The Competition Commission has reached a settlement with 15 construction firms, who have agreed to pay fines to the tune of R1.46bn for collusive tendering. When will these people learn?

Some good news at last! A South African team has won a top supercomputing award, scooping overall top honours at the International Student Cluster Challenge held in Leipzig, Germany, recently.

Finally... look! Have you created or updated your MyBiz Profile on Bizcommunity yet. If not, what are you waiting for... It's so simple and you will put yourself in the running to win a fantastic GoPro camera and accessories worth over R6,000! Go on... get to it!

Rod Baker, Content Director

Submit your company news to miningnews@bizcommunity.com. Exclusive contributions may be sent to contributors-mining@bizcommunity.com.

Weekly top stories

SA's energy resources key for economic growth
South Africa, with its vast renewable energy resources such as solar power, has the potential to become one of the world's fastest growing economic hubs, according to Deputy President Kgalema Motlanthe. Read more >>

Mining
GoPro reader competition: don't forget to create/update your MyBiz Profile!
[Issued by Bizcommunity.com] There's only one week left to create or update your MyBiz Profile on Bizcommunity and stand a chance to WIN an awesome GoPro camera and accessories worth over R6000! Entries close 30 June 2013, and the winner will be picked via a lucky draw and announced on 1 July on Biz, Facebook and Twitter. Read more >>  visit press office >>


Mines
Rio Tinto to retain diamonds businesses
Rio Tinto has decided to retain its diamonds businesses after concluding a strategic review which considered a range of options, including potential divestment. Read more >>

Billiton stable but still has potential
Mining stalwart BHP Billiton has not escaped unscathed from the sell-off in mining shares but shareholders would be wrong to abandon it now. Read more >>

SA steel production falters
[Helmo Preuss] South African steel production fell by 7.6% year-on-year (y/y) in May to an estimated 570‚000 tons after plunging by 16.6% y/y in February to 515‚000 tons‚ according to World Steel Association data. Read more >>

Huge growth forecast for Africa's oil sector
Africa's oil and gas industry is poised for momentous growth despite regulatory and political challenges‚ according to a PricewaterhouseCoopers (PwC) report released on Wednesday (19 June) Read more >>


Mining Services
Total goes ahead with new Nigerian well
PARIS, FRANCE: French oil giant Total says it will start work on an oil field off the coast of Nigeria, in a rare expansion by a multinational company. Other companies are increasingly parting with assets in Africa's biggest crude producer. Read more >>


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