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Mining & Energy

Weekly top stories
Depressed commodity prices put strain on Exxaro
Diversified miner Exxaro has conceded that the continuing pressure on the depressed commodity prices has put a considerable strain on the group, forcing it to cut costs... read more>>



Mining & Energy
Phakwe wins two Shanduka Black Umbrellas awards
Phakwe Mining Services has been named winner of two categories at the Shanduka Black Umbrellas National Enterprise Development Awards 2015 ceremony which was held in Sandton, Johannesburg on 24 June... read more>>
President Zuma releases Marikana Commission report
PRETORIA: The Report of the Judicial Commission of Inquiry into the events at the Marikana Mine in Rustenburg has recommended that there be an enquiry into National Police Commissioner, General Riah Phiyega's, fitness to hold office. read more>>
Energy
Eskom finance director departs from utility
Eskom and its finance director, Tsholofelo Molefe, have mutually agreed to part ways on an amicable basis, Eskom announced on Thursday, 25 June... read more>>
Solutions for businesses to keep the lights on
Eskom's request for an increased 2015/2016 tariff hike of 25.3% from July is being mulled by regulators, who have to weigh up the prospect of the national power utility falling further into debt if it cannot generate additional revenue... read more>>
Mines
Amplats to cut managerial posts at Rustenburg

Allan Seccombe

Anglo American Platinum (AMS, Amplats) will cut up to 420 managerial and supervisory jobs at its wholly-owned Rustenburg Platinum Mines subsidiary where it is consolidating mining operations to cut costs in a weak market... read more>>
Mining Resources
Eqstra FY 2015 earnings expected to be in line with 2014 earnings
Industrial and mining equipment company, Eqstra Holdings, said it expected its full-year earnings to remain in line with... read more>>
Coal of Africa names new chief financial officer
Coal of Africa (CoAL) said on Monday, 22 June 2015, it had appointed De Wet Schutte as its chief financial officer and executive director with immediate effect... read more>>
International
Glencore sells remaining stake in Tampakan
Global mining and trading giant Glencore said on Wednesday, 24 June 2015, it had sold its entire remaining interest in the Tampakan Copper-Gold Project in the Philippines... read more>>
More International
Africa
DR Congo urged to reveal terms of mine concession sale
The Carter Center Friday, 26 June 2015, called on the government of the Democratic Republic of Congo to reveal the terms under which a state firm sold a mining concession to a subsidiary of Swiss group Glencore... read more>>
Algeria oil exports plunge 45% through May
Algeria's oil export revenue plunged 45.5% in the first five months of 2015, throwing the balance of trade into the red, customs figures showed Tuesday, 23 June... read more>>
Namibia seeks to review diamond joint venture terms with De Beers
Namibia wants to review the terms of its diamond mining joint venture with the international giant De Beers to ensure more stones are cut and polished locally, a cabinet minister said on Monday, 22 June 2015... read more>>
More Africa
Business
Working towards a green economy - change is afoot

Danette Breitenbach

In the world today, 1.2 billion people live in poverty, with 70% directly dependent on natural resources for their livelihoods... read more>>
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