A delegation of Cabinet Ministers, led by Mineral Resources Minister Gwede Mantashe, which were to meet with the Xolobeni community, in the Eastern Cape, on Thursday, has postponed its visit to the area owing to the heavy rainfall that has led to flooding and damaged roads in the province. The visit would have formed part [...]

AltX-listed alternative and renewable energy business Renergen has, ahead of its planned listing on the ASX in May, announced a further increase in reserves at its subsidiary Tetra4’s Virginia project, in South Africa’s Free State province. The company, which on Wednesday published its prospectus for a secondary listing on the ASX, also reported that an [...]

Occidental Petroleum is starting a bidding war for Anadarko Petroleum, making a $38-billion counteroffer in attempt to break up the proposed takeover by Chevron. Occidental said Wednesday it’s offering $76 a share in cash and stock, a premium of about 20% over Chevron’s April 12 agreement to buy The Woodlands, Texas-based Anadarko. That compares with [...]

Johannesburg mayor Herman Mashaba on Wednesday announced a R20-billion investment which he said was the single biggest property investment the city had ever made through private sector development. "Through the release of city properties to the private sector for redevelopment, the city expects to realise R20-billion in expected investment value, which will soon be visible [...]

Production at Wescoal’s Vanggatfontein mine, in Mpumalanga, will be suspended for six to eight weeks after the mining contractor dismissed its 274 employees at the mine following unlawful industrial action – that turned violent – earlier this month. The mining contractor and Wescoal have, on April 23, embarked on a recruitment drive to hire new [...]

Transnet Port Terminals has activated its disaster management plan following the recent heavy rains and flooding that has impacted terminal operations at the Durban Container Terminal (DCT), as well as at the Durban and Richards Bay bulk, breakbulk and car terminals. Despite earlier disruptions, landside operations at DCT Pier 2 have resumed, while DCT Pier [...]

German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labour, an executive said on Tuesday. The announcement came as the London Metal Exchange (LME) launched an initiative under which it could ban or delist brands [...]

China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining, as part of efforts to revive an economy that suffered in [...]

Trevor Manuel says his court battle with the Economic Freedom Fighters is not only to clear his name, but also to protect the integrity of National Treasury and the South African Revenue Service (Sars). The former finance minister filed a founding affidavit at the high court in Johannesburg on April 10 against the Economic Freedom [...]

International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday. The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a joint open letter from 13 global NGOs that were sent to the LME in December. The [...]

The Western Cape’s investment promotion agency Wesgro said on Tuesday it had helped secure R2.85-billion in investments in the province during the 2018/19 financial year which would be realised over a five year period and create nearly 1 000 jobs. It said this followed a successful fourth quarter in which more than R500-million in declared [...]

Private equity fund manager Phatisa has reached an agreement with mining and metals company Ma’aden on the sale of its controlling shareholding in Meridian Group. Meridian is a prominent African agricultural inputs business, which distributes about 500 000 t/y of fertiliser across Malawi, Mozambique, Zimbabwe and Zambia.