CoAL secures water-use licence for Makhado

Coal of Africa Limited’s (CoAL’s) share price on the JSE rose nearly 26% on Thursday morning after the company announced that the Department of Water and Sanitation had awarded its Makhado project,... 

AngloGold reports miner death at TauTona

A rock drill operator at AngloGold Ashanti’s TauTona mine, in Carletonville, has died following a fall-of-ground incident on Monday. The Department of Mineral Resources had been notified of the... 

Technology, education, incentives key to solving water challenge – Grant Thornton

As South Africa battles its most serious water crisis in recent history, professional services firm Grant Thornton has urged government and industry to adopt a comprehensive long-term water... 

No UNFCCC Paris Agreement without China, G77 cooperation – Dirco

The unanimous adoption of the Paris Agreement and a package of supporting decisions covering climate action in the pre- and post-2020 periods by parties to the United Nations Framework Convention... 

Millennials redefining career, work expectations, survey shows

In the next year, given the choice, one in four global Millennials – classified as those reaching young adulthood around the year 2000 – would quit his or her current job to embark on another... 

Sherritt braces for C$1.6bn impairment of nickel assets

Nickel miner and refiner Sherritt International Corporation has cautioned the market of an expected $2.4-billion impairment of the Ambatovy joint venture (JV) assets, in Madagascar, citing lower... 

Kibo Mining to extend exploration beyond Mbeya coal project

Three new prospecting licences (PLs) have been issued to Tanzania-focussed Kibo Mining’s wholly-owned subsidiary Rukwa Coal, allowing the JSE-listed miner to extend exploration to tenements... 

Gigaba: number of foreign visitors rise, despite new visa laws

The number of foreign visitors to South Africa increased by 7.6% year-on-year over the festive season to some two-million between December 1 and January 7, according to figures released by the... 

Parliament’s water committee backs Operation Hydrate

Parliament’s Portfolio Committee on Water and Sanitation has publicly come out in support of Operation Hydrate, describing the community-driven initiative, which has, to date, distributed over 350... 

Energy supply stable despite early-year demand spike, says Eskom

State-owned Eskom says it continues to progress the maintenance of its power generating plants, despite national demand increasing by nearly 2 000 MW on Monday as business activities resumed... 

True Gold inks $10m refinancing deal with precious metals merchant

Toronto-listed gold producer True Gold has entered into an equipment refinancing facility with precious metal merchant Auramet International for $10-million, the company said on Monday. “This fixed... 

Bauba Platinum shutters Moeijelijk mine, halts project

Bauba Platinum has attributed a nosedive in the chrome price in late 2015 with its decision to halt development of its chrome project and place the Moeijelijk mine, in the North West, under... 

Kibo advances talks with Tanzania over Mbeya energy offtake

Dual-listed mineral explorer Kibo Mining continues to finalise a memorandum of understanding (MoU) with Tanzania Electric Supply Company (Tanesco) regarding a power purchase agreement (PPA) for the... 

Eskom to select coal supplier for Arnot station by March

Energy utility Eskom is in the throes of reviewing various requests for proposals submitted as part of its hunt for a new coal supplier for the Arnot power station, in Mpumalanga, after the... 

Taxpayers to bear financial burden of new govt health scheme – watchdog

Taxpayers in South Africa are facing the prospect of soon paying more than three types of tax for medical services, following the publishing of the African National Congress’ long-promised White... 

Weatherly releases option to buy Tsumeb tailings operation

Multicommodity miner Weatherly International has announced the release of its option to buy the Tsumeb tailings facility, in Namibia, from Dundee Precious Metals subsidiary Dundee Precious Metals... 

Rockwell to close Jhb head office, cull workforce

Emerging from a year in which it continued to battle underwhelming diamond recovery, grade and volumes, junior diamond miner Rockwell Diamonds has announced plans to shut its Johannesburg-based... 

Pilot programme set to upgrade lower-tier S African automotive suppliers

Gauteng-based government implementation agency the Automotive Industry Development Centre (AIDC), in collaboration with the United Nations Industrial Development Organisation (Unido) and the... 

IMF, Nigeria discuss possible policy tweaks

The International Monetary Fund (IMF) has discussed a range of policy recommendations with the government of Nigeria aimed at improving the African State’s competitiveness, focusing specifically on... 

Solidarity calls on Defence Minister to end outsourcing of work to Cuban technicians

Trade union Solidarity has criticised Defence Minister Nosiviwe Mapisa-Nqakula’s decision to outsource the South African Defence Force (SANDF’s) vehicle maintenance and repair work to Cuban... 

Business confidence drops to near pre-democracy levels

Underperforming financial market subindices in the form of share prices and the rand exchange rate battered business confidence in the last month of 2015, sending the South African Chamber of... 

S Africa’s 2015 economic growth unlikely to exceed 1.5% – Nedbank

In light of the shock 1.3% contraction in the second quarter of last year, and the low 0.7% growth in the following three months, the South African economy is unlikely to have expanded beyond 1.5%... 

M&R subsidiary buys project, construction management group

Murray & Roberts (M&R) subsidiary Cementation Canada has completed the acquisition of project and construction management services group Merit Consultants International. Merit has worked with... 

Vedanta appoints electrical engineer to head up Indian metals division

Vedanta Resources has appointed Samir Cairae as CEO of its Indian diversified metals division, a position in which he will be responsible for the performance of Vedanta aluminium and India copper,... 

Standard Bank PMI falls in December on lower output, new business

The downturn in South Africa’s private sector continued in December, with output declining at an accelerated pace and new business falling for the sixth time in seven months, the Standard Bank... 

Caledonia exceeds FY 2015 guidance to deliver 42 806 oz of gold

Caledonia Mining Corporation’s 49%-owned subsidiary the Blanket mine, in Zimbabwe, has lifted gold production by 2.5% year-on-year, delivering 42 806 oz in the year ended December 31, exceeding its... 

Cosatu calls for worker protection amid national heatwave

The Congress of South African Trade Unions (Cosatu) has called on employers to adhere to health and safety regulations and protect workers from dehydration and heat stress amid a recent heatwave... 

Eskom planned maintenance ramped up to 9 000 MW over festive season

Energy utility Eskom successfully conducted maintenance on 9 000 MW of its plant capacity during the festive season, leveraging off the seasonal drop in the demand of electricity and overshooting... 

S Africa set for modest 2016 growth, report predicts

Despite a year marred by falling commodity prices, high unemployment, ratings downgrades and a weaker rand, South Africa remains poised to grow at a faster rate than many advanced economies in... 

African dealmaking muted in 2015 as global M&A hits record highs

As global mergers and acquisitions (M&A) hit record highs in 2015, dealmaking activity in sub-Saharan Africa remained relatively muted over the year, despite an uptick in activity in key markets... 

No price panacea forecast for precious metals in 2016 – report

The price of gold and silver bounced higher in the first week of the new year, rising by over 1% on safe-haven bids, as tensions between Iran and Saudi Arabia mounted in the wake of the two... 

Property, consumer markets likely to see mild rate hike in 2016 – analyst

While a year of hard work for property and consumer-related sectors appears likely, given economic and household sector income growth mediocrity, there is little to suggest any more than a mild... 

Sub-Saharan African sovereigns to face increasingly expensive financing – report

Governments in sub-Saharan Africa (SSA) are facing increasingly expensive debt financing, as favourable global and domestic conditions come to an end, ratings agency Standard & Poor's (S&P’s)... 

Nokia gains control over Alcatel-Lucent

French stock market authority, Autorité des Marchés Financiers (AMF) has published the interim results of the initial offer period of Nokia's public exchange offer for counterpart Alcatel-Lucent’s... 

Investment from US firm sees Vast raising £5m

Diversified minerals miner Vast Resources, which has operations in Zimbabwe and Romania, has entered into an agreement with US-based Crede Capital that will see the investment group subscribing for... 

First Metrorail test train arrives in S Africa

Some 18 months after the financial close of a passenger train supply contract between the Passenger Rail Agency of South Africa (Prasa) and Alstom subsidiary Gibela, the State-owned firm has... 

Special Cabinet meeting postponed to January

The Special Cabinet meeting on the economy that was scheduled to take place in Pretoria on Friday has been postponed to take place in January after the holiday break next month, the Presidency has... 

Waterberg requests extension of ASX share suspension

JSE-listed The Waterberg Coal Company has made a request to the ASX for an extension to its current voluntary suspension in the trading of its securities, which expires prior to the start of trade... 

Botswana Diamonds raises £458 655 through share placement

Diamond explorer Botswana Diamonds has undertaken a private placing to conditionally raise cash £458 655 through the placing of 53.95-million new ordinary shares at a placing price of 0.85p. The... 

Ellies braces for half-year loss

Electronic products manufacturer Ellies expects its loss per share (LPS) for the six months ended October 31 to be between 1.97c and 0.66c a piece – between 85% and 95% higher than the loss per...