Villagers sue African Barrick Gold over 2011 deaths, injuries

London law firm Leigh Day on Tuesday served gold producer African Barrick Gold (ABG) with legal proceedings in a UK High Court, claiming that the company was liable for the deaths and injuries of... 

Delta Property Fund raises R190m in inaugural commercial paper issuance

Property loan stock group Delta Property Fund has completed its debut commercial paper issuance. The black-managed and substantially black-owned group indicated that its notes were issued off a... 

Copper theft index records first significant rise since Sept

The South African Chamber of Commerce and Industry’s (Sacci’s) Copper Theft Barometer, in June, registered its first significant increase since September last year when it rose to R11.1-million, up... 

Gem Diamonds lowers production guidance for 2013

London-listed Gem Diamonds on Monday lowered its 2013 production guidance for the Letšeng mine, in Lesotho, to between 95-million carats and 105-million carats recovered and sold, as tons of ore... 

Anglo unveils group shake-up, profit plunges 28%

Mark Cutifani, the new CEO of Anglo American on Friday announced various high-level management changes to create a “more efficient and agile” organisation. The management changes, which includes... 

Basil Read Matomo starts construction of R550m wind farm

Engineering and construction has started on the R550-million, 27 MW MetroWind Van Stadens wind farm, about 30 km from Port Elizabeth, in the Eastern Cape, one month after the docking of the... 

Iliad Africa to sell lossmaking ceramics business for R50m

JSE-listed Iliad has agreed to sell its ceramics business Ferreiras as a going concern to Portion 140 Springs Properties for R49.64-million. “The strategy developed after reviewing Iliad’s business... 

SA trade conditions may tighten during second half

Trade conditions in South Africa remained positive, despite the tightening of international and retail trade, the South African Chamber of Commerce and Industry (Sacci) said earlier this month.... 

New auto components JV set up in East London

Luxembourg-headquartered International Automotive Components (IAC) reported earlier this month that it had formed a joint venture (JV) with South African automotive flooring, acoustics and trim... 

Zambia’s Mining Ministry keen to see more local procurement

Zambia’s Ministry of Mines, Energy and Water Development chief mining engineer Derick Chilumbu, said on Thursday that significant opportunities existed for investors to set up engineering... 

Zambia seeks investors for mini hydro projects

Zambia’s energy sector offers ample opportunities for investors, Rural Electrification Authority (REA-Zambia) community mobilisation officer Naomi Sidomo said on Thursday, highlighting the... 

British Airways opens SA ticket sales for new A380

Global airline British Airways (BA) on Wednesday opened South African ticket sales for its new Airbus A380 superjumbo aircraft, which it plans to fly to Johannesburg from February 2014. The... 

DWA reports good progress in eradication of unlawful irrigation from Vaal River System

The Department of Water Affairs (DWA) has, to date, prevented 51-million cubic meters a year of unlawful water use in the Vaal River System through its Reconciliation Strategy, which was aimed at... 

Aquarius ‘uniquely positioned to survive winter of wage negotiations' – analyst

Platinum-group metals (PGM) producer Aquarius Platinum on Wednesday delivered another increase in quarterly production and reminded investors that it had successfully concluded wage negotiations... 

Carbon pricing idea gaining steam as global leaders recognise climate risks

In three years time, the vast majority of global carbon dioxide (CO2) emissions would come from jurisdictions with carbon pricing, as more former sceptics are reinventing themselves as contributors... 

Tribunal confirms Aveng, Guiricich settlements

The Competition Tribunal on Wednesday confirmed the last of the settlement agreements between the Competition Commission and 15 major construction firms which had admitted to collusive tendering in... 

MTN CFO resigns

Telecommunications group MTN on Monday announced that its group CFO and executive FD Nazir Patel had resigned with immediate effect. The group stated that Patel had indicated that he did not wish... 

Tribunal confirms 13 construction settlement agreements

The Competition Tribunal on Monday confirmed all but two of the construction settlement agreements between the Competition Comission and 15 major construction firms. Last week, the tribunal heard... 

Gold Fields initiates drilling campaign in Quebec

South Africa-headquartered Gold Fields has initiated an exploration campaign at TSX-listed Yorbeau Resources’ Rouyn property, in Quebec, Canada, as part of an option and joint venture (JV)... 

Cockerill appointed African Minerals vice-chairperson

Former Gold Fields CEO Ian Cockerill has joined the board of West African iron-ore miner African Minerals as an independent director and vice-chairperson, the company announced on Monday.... 

African Copper Q1 concentrate output up 91%

Aim-listed African Copper lifted copper in concentrate production from its Botswana mines by 91% to 3.08-million tons in the first quarter of its 2014 financial year, the company reported on... 

Gemfields nets $31.5m in Lusaka auction

The 583 448 ct of rough emerald and beryl that Gemfields put on auction in Lusaka last week have earned the Aim-listed junior $31.5-million in revenue. The company reported on Monday that 37... 

MRI secures financing to complete briquetting project

AltX-listed Mine Restoration Investments (MRI) on Friday said it planned to commission its coal briquetting project in the next two weeks after securing financing for the project. The company said... 

Tribunal to resume hearing into CompCom’s complaint against SAB

The Competition Tribunal would on Monday resume its hearing into a complaint, brought by the Competition Commission against South African Breweries (SAB), in December 2007, regarding the company’s... 

Nxesi vows to take steps to rid construction of ‘criminal tendencies’

The combined fine of R1.46-billion imposed on the group of 15 construction companies admitting to collusive tendering, was viewed in many quarters as merely a “slap on the wrist” and sent out the... 

SA prepares to roll out new ID smart cards

It would take between six and eight years for all South Africans to get smart identification document (ID) cards, which would replace green ID books, Home Affairs Minister Naledi Pandor said... 

New water resources strategy published amid new challenges

Water and Environmental Affairs Minister Edna Molewa has launched the final version of the Second National Water Resources Strategy (NWRS2), following Cabinet’s approval of the plan in early July.... 

Bristow calls for cooperation between governments, miners amid tumbling gold price

JOHANNESBURG (miningweekly.com) – The falling gold price in recent months has emphasised the need for governments of mineral-rich countries to cooperate with mining companies in the optimal... 

Management of construction firms in collusion case express regret

Construction firm Wilson Bayly Holmes-Ovcon (WBHO) CEO Louwtjie Nel on Thursday said the company accepts responsibility for its actions with regard to collusive tendering, but emphasised that this... 

Tribunal confirms Telkom, CompCom settlement

The Competition Tribunal on Thursday confirmed the settlement agreement reached between telecommunications group Telkom and the Competition Commission. Telkom admitted to anticompetitive behaviour... 

Tribunal rejects Salga, Gauteng govt applications to intervene in construction hearings

The Competition Tribunal on Wednesday dismissed applications by the South African Local Government Association (Salga) and the Gauteng provincial government to intervene in the hearings of the... 

Telkom, Competition Commission settlement a 'turning point'

The settlement agreement between Telkom and the Competition Commission represented a “turning point” in how the telecoms group would engage with the commission going forward, Telkom's legal... 

EPA negotiations to be focus point at SA–EU Summit – Davies

Trade and Industry Minister Dr Rob Davies on Tuesday said the negotiations regarding the Economic Partnership Agreement (EPA) between the European Union (EU) and the African, Caribbean and Pacific... 

Oger Telecom invests additional R3.5bn in Cell C

Mobile operator Cell C on Tuesday received a $350-million (R3.5-billion) equity investment from its majority shareholder Oger Telecom and announced that it had concluded a long-term financing... 

Mwana’s BNC considering new mine plans to improve cash flow

Aim-listed Mwana Africa’s 76.5%-owned Bindura Nickel Corporation (BNC) mining operation, in Zimbabwe, is examining alternative mine plans with the objective of improving short-term cash flow and... 

Firestone raises $6m for diamond mine in Lesotho

Aim-listed Firestone Diamonds on Tuesday announced a share placing to raise about $6-million (£3.97-million) before expenses, which would be used for, among others, working capital at the company's... 

Gold producers table 4% opening offer

Gold producers engaged in this year’s centralised wage negotiations on Monday tabled their opening offer, proposing a 4% increase in basic pay and a 4% increase in the living-out or housing... 

Pickstone-Peerless DFS completed

Aim-listed African Consolidated Resources (AFCR) on Monday said the definitive feasibility study (DFS) on the initial phase of its 3.2-million-ounce Pickstone-Peerless gold project, in Zimbabwe,... 

Kentz awarded $38m Nacala corridor contract

Corredor Logistico Integrado de Nacala (CLIN) has awarded Kentz Engineers and Constructors the $38-million contract to build the Nacala corridor project, in northern Mozambique. CLIN is a joint... 

Ruukki commissions Limpopo chrome mine

London-listed Ruukki Group on Friday said its Mecklenburg chrome mine, in Limpopo, had been fully commissioned. The Mecklenburg mining right is held by Ruukki’s 37.74%-owned subsidiary Chromex...