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Pt 811.72 $/oz Change: 7.86


Risk of rotational load shedding high on Wednesday – Eskom 

By: African News Agency      1st August 2018 South Africa's power utility, Eskom, on Wednesday, said that the risk of Stage 1 rotational load shedding remained high but will only be implemented if "absolutely necessary". Eskom said it did not implement load shedding on Wednesday morning, adding that the electricity system remained... 

Fuel price protestors send letter of demand to Ramaphosa 

By: African News Agency      24th July 2018 An organisation formed to combat increases in petrol and paraffin prices has sent a list of demands to president Cyril Ramaphosa. People Against Petrol and Paraffin Price Increases (PAPPPI) has requested a meeting with the head of state before its attempt at a national shutdown on Friday. 

Perceptions mines are not doing enough for nearby communities fuelling protests

By: Nadine James     20th July 2018 In developed countries, community-based protest action (as opposed to industrial action) against mining companies is primarily related to environmental concerns. In South Africa, community-based protests against mining companies are rooted in socioeconomic issues, such as job creation, and... 

Court postponement signals ‘welcome change’ in govt, industry relations – Leon

By: Dylan Slater     19th February 2018 Law firm Herbert Smith Freehills Africa practice cochairperson and partner Peter Leon says the postponement of Monday’s scheduled High Court case over the hotly contested Mining Charter 3, signals a welcome change in relations between government and the South African mining industry.  

MTN receives notice of regulatory hearing in Benin

By: Natasha Odendaal     10th November 2017 Telecommunications firm MTN Benin on Friday confirmed the receipt of a notification from the telecommunications regulator Arcep for a review into nonpayment of outstanding frequency fees. The company, in a statement, explained that it would continue to engage the regulatory authorities in Benin... 

Stop moratorium now, NUM instructs DMR 

By: Martin Creamer     26th July 2017 The National Union of Mineworkers (NUM) said on Wednesday that it is deeply concerned by the current consideration by the Minister of Mineral Resources Mosebenzi Zwane to put in place a mineral rights moratorium until the finalisation of the Mining Charter Three court challenge by the Chamber of... 

IFP calls for urgent action to stop national taxi strike

By: African News Agency      30th June 2017 The Inkatha Freedom Party has called for urgent action to prevent a national taxi strike bringing the country to a standstill. Parts of the country, including Johannesburg and Pretoria, Durban and Cape Town have been affected by taxi strikes in recent weeks which saw outbreaks of violence and... 

FAR puts spanner in Woodside’s Senegal works

By: Esmarie Iannucci     8th June 2017 ASX-listed oil and gas developer FAR Limited has thrown a spanner into major Woodside Petroleum’s works by failing to support the company’s plans to develop the SNE oil field, offshore Senegal. Woodside in 2016 struck a $350-million deal with ConocoPhillips to acquire that company’s interests in... 

Junk status impact on construction industry widely exaggerated

6th June 2017 Dentons SA discusses the real effect of junk status on SA’s construction industry There has been highly publicised, widespread concerns about how South Africa’s downgraded status by international agencies will affect the local construction sector. Fears of non-payment, rising credit costs and a... 

Taking ECSA, Minister to court was a ‘last resort’, says Saice

By: Anine Kilian     14th March 2017 Taking legal action against the Engineering Council of South Africa (ECSA) and Public Works Minister Thulas Nxesi was a last resort in attempts to have the current ECSA council suspended, South African Institution of Civil Engineering (Saice) CEO Manglin Pillay told Engineering News Online on... 

ConocoPhillips’ JV partner says it has pre-emption right over Senegal assets

By: Mariaan Webb     23rd August 2016 Oil and gas major Woodside’s planned acquisition of exploration assets in Senegal may be challenged by junior explorer FAR, which has a right of pre-emption over the proposed sale. FAR is US energy group ConocoPhillips’s joint venture (JV) partner in the Senegal exploration assets and the company... 

Concerned DTI engaging with Zim on trade restrictions

By: News24Wire      11th July 2016 The adverse impact on South African exporters due to trade restrictive measures introduced by the government of Zimbabwe cannot be underestimated, the SA Department of Trade and Industry (DTI) said on Sunday afternoon. The DTI said it continues to be responsive to affected exporters and to make... 

Molefe in forceful defence of Gupta-linked coal deal  

By: Terence Creamer     5th July 2016 Eskom CEO Brian Molefe went on the offensive on Tuesday against critics of the State-owned utility’s recent coal contract with the Gupta-family-linked Tegeta Exploration and Resources, likening the role of the banks and the media in the “hullabaloo” to that of a “kangaroo court”. Speaking at the... 

Less than 1% of staff on strike, says SA Post Office

By: African News Agency      5th May 2016 Less than one percent of staff stayed away from work on the first day of a strike by members of the Communication Workers Union (CWU), the SA Post Office said on Thursday. CEO Mark Barnes said it was “business as usual” as the first day of the strike had had a minimum impact on operations... 

FS municipalities owe Eskom R842m, face blackouts 

By: News24Wire      4th February 2016 If Free State municipalities do not settle their debt or make sustainable payment arrangements with Eskom, they will soon face blackouts, the power utility has warned.  About eight municipalities in the Free State owe Eskom almost R842-million. 

NUM, chamber to meet amid coal strike

By: News24Wire      8th October 2015 The National Union of Mineworkers (NUM) will meet the Chamber of Commerce at noon on Thursday for further coal sector negotiations, the union said in a statement on Wednesday evening. Coal workers, aligned to NUM, have been on strike since Sunday in demand for higher wages. Thursday’s meeting... 

Mokonyane calls on municipal union, water board to resolve dispute 

By: African News Agency      18th August 2015 Water and Sanitation Minister Nomvula Mokonyane has called on the South African Municipal Workers Union and Rand Water to resolve their dispute amid a looming strike threatening to leave water taps in Gauteng and parts of Mpumalanga dry. Spokesperson Sputnik Ratau said Mokonyane had been in... 

Booysendal ops resume, Ramatlhodi promises jobs to aggrieved Steelpoort community

By: Megan van Wyngaardt     23rd July 2015 Operations at Northam Platinum’s Booysendal mine, in Steelpoort, have returned to normal, after Mineral Resources Minister Advocate Ngoako Ramatlhodi, who visited the area on Wednesday, intervened to resolve protests by community members. The mine’s operations were halted as the protests... 

US, S African govts to meet over poultry import impasse

By: Natalie Greve     25th May 2015 South Africa and the US have agreed to facilitate deliberations between the South African Poultry Association (Sapa) and the US Poultry and Egg Export Council towards finalising discussions on market access for US chicken bone-in cuts into South Africa. The meeting, which would take place in... 

Mwana shareholder, director take company to court

By: Natalie Greve     10th December 2014 The China International Mining Group Corporation (CIMGC) – a “substantial” shareholder in pan-African resources group Mwana – and Mwana nonexecutive director and CIMGC associate Yat Hoi Ning have filed a petition at the High Court of Justice, Companies Court in London, against the company and... 

Union puts chamber on spot over alleged Lonmin breach

By: Martin Creamer     26th August 2013 The Chamber of Mines was put on the spot on Monday over member-company Lonmin’s alleged breach of Deputy President Kgalema Motlanthe’s framework agreement. The chamber signed the framework agreement for a sustainable mining industry last month on behalf of all of its members. Lonmin is accused... 

NUM questions NPA independence, says committed to Marikana solution

By: Leandi Kolver     4th September 2012 While the National Union of Mineworkers (NUM) welcomed the withdrawal of the murder charges against the 270 miners for the killing of 34 striking colleagues shot dead by police at platinum producer Lonmin’s Marikana mine, union general secretary Frans Baleni on Tuesday questioned the ability and... 

Numsa downs tools at Evraz Highveld

By: Megan van Wyngaardt     16th July 2012 Workers belonging to the National Union of Metalworkers of South Africa (Numsa) on Monday embarked on industrial action at steel and vanadium producer Evraz Highveld’s plant in eMalahleni over possible retrenchments. The JSE-listed company warned in May that it might reduce staff numbers as part... 


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