The software-engineering and server-farm infrastructure needed to support 350-million users burns money, and so does the bandwidth they use.
Zimbabwe’s new inclusive government has withdrawn from Parliament the country’s controversial mining Bill.
Diamond Giant De Beers has cut its global workforce by 23%, or 4 700 positions, this year so far.
Lonmin on Tuesday said it planned to suspend all its opencast operations from the end of this year as it scales back on unprofitable ounces.
Gold Fields, the world’s fourth-largest gold producer, on Friday confirmed that the illegal strike at its Beatrix mine near Welkom in the Free State had been called off.
The National Energy Regulator of South Africa has quietly postponed its final decision on Eskom’s application for a 53% tariff hike to June 18. By Thursday the regulator had not…
Japanese engineering and heavy machinery maker Mitsubishi Heavy Industries is reportedly considering a ¥10-billion (R746,5-million) investment in South Africa’s Pebble Bed…
Petrochemicals giant Sasol on Friday said its shareholders had approved its planned R25,9-billion black economic empowerment (BEE) transaction. The world’s largest producer of…
The South African Petroleum Industry Association said the replacement of older petrol pumps, which are unable to reflect a price of more than R9,99, would take several months.…
Harmony Gold Mining will receive a foreign-capital injection equivalent to R1,9-billion once all the conditions precedent in the $420-million transaction with the Pamodzi…
The South African Communist Party (SACP) on Friday threatened to "take to the streets" in protest against South African power utility Eskom’s proposed electricity hikes. "We will…
Zambia has ended negotiations with Standard Bank, Africa’s largest bank by assets, to finance a $1,2-billion (R9,7-billion) oil-import deal after the two parties failed to reach…
Gold added $24,95, or 2,49%, to trade at $1 025,05 by 1.30pm on Monday — this after rising more than 3% to a record $1 032,60 a troy ounce in overnight trade. Oil…
The South African government has moved to stem the haemorrhaging of jobs in the mining industry by allowing mines to increase their power consumption to 95% of normal usage.…
The South African government will on Friday announce whether power supply can be increased to mines while maintaining the stability of the system. The review of consumption comes…
South African Minister of Minerals and Energy Buyelwa Sonjica has confirmed that job losses at mines are unavoidable, the South African Broadcasting Corporation reported on…
Platinum cleared the $1 900-an-ounce mark on Monday for the first time in its history as concerns of further supply disruptions due to power shortages continued to plague…
Permanent solutions to South Africa’s energy crisis are being sought, Minerals and Energy Minister Buyelwa Sonjica said on Tuesday. "I concede that this situation impacts…
Gold Fields, the world’s fourth-largest gold producer, on Thursday warned that it may be forced to close shafts and restructure as a result of Eskom’s request that the mining…
South Africa’s neighbours are feeling the pinch of Eskom’s problems as they are plunged into darkness and face power failures of their own. Namibia, Zambia and Zimbabwe have all…
