Mining

Eskom rubbishes allegations against their new acting CEO
Breaking News Business Mining

Eskom rubbishes allegations against their new acting CEO

Eskom has expressed concern at media reports on its newly appointed interim Group Chief Executive, Sean Maritz. “We have noted with concern recent media reports with unsubstantiated allegations against Mr Maritz. We plead that he be given a chance to lead Eskom,” said the power utility on Sunday. The media reports come after Eskom’s announcement […]

Eskom to recover R 1.564 Billion paid to McKinsey & Trillian
Business Mining South Africa

Eskom to recover R 1.564 Billion paid to McKinsey & Trillian

The South African power-utility Eskom has announced on Friday that is taking an action to recover funds that were unlawfully paid to the Gupta-linked companies McKinsey and Trillian. In a statement on Thursday, the power utility said it has written to the two companies explaining the action it would take. Eskom requested their cooperation in […]

Bathopele mine in South Africa. Image: Anglo American Platinum.
Business Featured Article Mining

Lonmin’s acquires Anglo Platinum’s 42.5% stake in Pandora

Mining giants Lonmin acquired Anglo Platinum’s 42.5% stake in Pandora, the move which will rescue more than 3000 jobs in the mining industry. Mineral Resources Minister Mosebenzi Zwane approved Lonmin’s application to acquire Anglo Platinum’s 42.5% stake in Pandora just before the company was due to be placed under care and maintenance which was to […]

Mosebenzi Zwane, Mineral resources minister
Business Featured Article Mining

Why OUTA target Minister Mosebenzi Zwane for treason?

Civil rights movement, the Organisation Undoing Tax Abuse (OUTA) explains why the target the Mineral Resources Minister Mosebenzi Zwane for treason, corruption, extortion, fraud and theft charges.. The civil rights group has laid charges against Minister Mosebenzi Zwane following his involvement into the money laundering and fraud scheme that allegedly funded the Guptas wedding at […]

Diamonds Act is not unconstitutional – Constitutional Court
Constitution SA Mining South Africa

Diamonds Act is not unconstitutional – Constitutional Court

The highest court in the Land, Constitutional Court affirms government’s powers to monitor the movement of unpolished diamonds within the country. Mineral Resources Minister Mosebenzi Zwane has welcomed a ruling which states that section 20A of the Diamonds Act, 1986 (as amended) is not unconstitutional. The ruling confirmed the legitimacy of government’s authority to monitor […]

old miner helmet
Breaking News Business Mining South Africa

Chamber of Mines takes the revised mining charter to court

The Chamber of Mines has applied to a high court for an interdict to prevent the implementation of a new charter which requires at-least 50% black representation on Board Level, 25% of which must be black females; at an executive/top management level and 30% black ownership. “The vast and systemic damage which the publication and threatened […]