Featured Creator
Marcia Klein
Eskom’s SA power play not entirely of its own making
ESKOM’S claims to have beaten the energy crisis in South Africa are, to a large extent, true, but only partly of its own making. The utility’s CEO, Brian Molefe, at a recent…
Glad puts brave face on year of pain for Keaton
KEATON Energy CEO, Mandi Glad, has tried to reassure investors that once-off impairments and liabilities, which threw Keaton Energy into a R297.3 million net loss in the year to…
Lonmin advances, but Magara warns of testing wage talks
PLATINUM firm Lonmin’s share price rose almost 15% in morning trade after it convinced investors it had kept its promise to restructure, cut costs, and focus on productive…
Slide in SA mining output a jolt to the senses
THE surprisingly large decline in mining production in March partly reflects low commodity prices but also indicates that South Africa’s mining industry is winding down more…
Court gives green light for mass silicosis claims
SOUTH Africa’s South Gauteng High Court has granted current and former mineworkers permission to proceed with a class action for damages against mining companies for lung…
Eskom’s Molefe bets on power surplus in “a few years”
SOUTH African power utility, Eskom, said it would have sufficient excess capacity to make additional revenue from electricity exports within a few years and that it had…
South32 sheds its debt and slashes costs
South32 exceeded expectations in the quarter to end-March, which it ended in a cash positive position. Graham Kerr, South32’s CEO, said the strong balance sheet “remains a key…
Anglo American production meets targets, share price drops
Anglo American’s first quarter production figures, which reflected its restructuring and were in line with previous guidance, did not sit well with investors, and the share price…
Tax charge takes shine off Acacia output lift
Tanzanian gold miner Acacia Mining’s ongoing dispute with tax authorities has seen it make a $70m provision and agree to make forward payments to the government. Acacia CEO Brad…
Exxaro to cut jobs amid restructure
EXXARO Resources has confirmed union reports that it is planning job cuts. Exxaro said these form part of a group restructure to improve productivity and efficiency and to…
Anglo confirms long-standing CFO Medori to quit
ANGLO American’s finance director, René Médori, will retire when he turns 60 in 2017. Médori, who has been in his position since 2005, is one of the longest serving finance…
Markets not fazed as BHP Billiton cuts its iron ore target
Investors reacted positively to BHP Billiton’s third quarter update despite mixed results and a cut in its iron ore production target – the second this year. The share traded…
South Deep provides hope for Gold Fields
Better than expected production results from its South Deep operation in South Africa and a development agreement in Ghana may provide Gold Fields investors with some hope for…
DRDGold finds long term solution for Ergo
DRDGold increased production by 4% quarter on quarter for quarter to end-March. It produced 1,187 kilograms, despite a 7% drop in throughput to 5.896 million tonnes due to…
Tegeta seals R2.15bn Optimum deal
THE controversial acquisition of Optimum Coal by a unit of the Gupta family’s Oakbay Investments has gone ahead. The R2.15bn deal was executed through Oakbay’s Tegeta Exploration…
Improved cash flow brings Harmony’s Papua New Guinea dream closer
Harmony Gold Mining Company has freed up cash and at least partially allayed some investors’ concerns that it will not be able to fund its Papua New Guinea Golpu joint venture.…
New “significant” copper-gold drill results for Harmony Gold
Harmony Gold Mining Company has announced “new significant copper-gold drill results” at its Kili Teke prospect in Hela, Papua New Guinea. The results are more promising than…
Jubilee bags R230m in funding for PGM surface projects
JUBILEE Platinum has finalised its fund-raising of R230m through debt and share placements for two surface platinum-processing projects. The first project, a chromite recovery…