Eskom to implement Stage 2 loadshedding
Due to the increase in generation unit breakdowns, Eskom has informed the country that it had implemented Stage 2 loadshedding
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South Africa
Eskom warns power system severely constrained
Eskom warns that the public that the power system is severely constrained as the return to service of five generation
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Exxaro: operating environment remained challenging
Exxaro Resources is expecting headline earnings for the six-month period ended 30 June 2020 to decrease between 34% and 18%
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Sasol reports loss due to mainly COVID19-related effects
In a brief statement, Sasol has announced that its financial results for the year ended 30 June 2020 (2020 financial
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Gold producers launch COVID-19 awareness campaign
Gold producers AngloGold Ashanti, Gold Fields, Harmony and Sibanye-Stillwater have joined together to launch an awareness campaign to inform and
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NEASA to prevent more steel import duties
The International Trade Administration Commission has recently determined that it was necessary to impose 10% import tariffs and custom duties,
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EasternPlats Reports operating loss despite increased revenue
Eastern Platinum has reported its Q2 2020 condensed interim consolidated financial statements and analysis for the three and six months
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Kumba’s production suffers from Covid-19 lockdown
Kumba Iron Ore Ltd’s operational performance for the period reflects the lockdown and subsequent reopening of operations in Q2 2020
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AngloGold Ashanti weathers lockdown with solid performance
AngloGold Ashanti withstood COVID-19-related disruptions to deliver a solid first half production performance and a surge in free cash flow
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Gold Fields doubles its profit amid rising metal price
Gold Fields reports that basic earnings per share for the six months ended 30 June 2020 (H1 2020) are expected
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RB Platinum: Strong performance hampered by COVID-19
As the sudden and unprecedented shock caused by the COVID-19 pandemic has impacted all areas of its business, Royal Bafokeng
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DRDGOLD produces 9% more gold despite C-19 lockdown
DRDGOLD, in its earnings forecast for the year ended 30 June 2020, has reported it produced 5,424 kilograms (174,385 ounces)
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Goldplat to sell Kenya’s Kilimapesa Gold mine
Goldplat plc, a gold producer with international gold recovery operations located in South Africa and Ghana and an underground mining
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GLENCORE: Ferroalloys experienced structurally worsening environment
Glencore has delivered an overall strong first-half operating performance amid the unprecedented challenges presented by Covid-19. “Although some of our
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HULAMIN: Power outages and lockdown resulted in low sales
Since early 2019, Hulamin has faced a number of headwinds both locally and internationally. In the local market, the weak
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ArcelorMittal: reducing fixed cost structure is critical
The largest African steelmaker, ArcelorMittal South Africa, says extraordinary cash management and cost control measures have been implemented to ensure
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Prieska copper-zinc project is in fund-raising stage
During the 2nd 2020 quarter, Orion continued work on its highly prospective South African projects, including the completion of the
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MC Mining reports significant drop in coal production
The spread of the COVID-19 virus impacted MC Mining’s Uitkomst Colliery, corporate office, Makhado, Vele and GSP sites. The Uitkomst
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Increased interest in Platreef Pd-Pt-Ni-Cu-Rh-Au project
Ivanhoe Mines’ Co-Chairmen Robert Friedland and Yufeng “Miles” Sun have confirmed that the company has continued to have strategic discussions
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Sasol sells its Air Separation Units to Air Liquide
Sasol has signed an exclusive negotiation agreement with Air Liquide for the sale of its sixteen air separation units located
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Chrome venture reports ruinous decline in ferrochrome production
Merafe resorces’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six months ended 30 June 2020 decreased
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Kumba’s production suffers from Covid-19 lockdown
Kumba Iron Ore Ltd’s operational performance for the period reflects the lockdown and subsequent reopening of operations in Q2 2020
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Sibanye-Stillwater surrenders further 5% to PIC
Sibanye-Stillwater has posted a notification of an acquisition of beneficial interest in its shareholding. In accordance with section 122(3)(b) of
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Amplats receives 80% increase in the rand PGM basket price
Anglo American Platinum has reported that total PGM production (expressed as platinum, palladium, rhodium, gold, iridium and ruthenium metal in
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Anglogold Ashanti shows excellent H1 2020 results
Anglogold Ashanti says that the Company has reasonable certainty that headline earnings for the period are expected to be between
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Kumba approves Kapstevel South project at Kolomela
Kumba Iron Ore Limited has announced the approval of its Kapstevel South project at its Kolomela mine by both the
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Eskom urges reduction as power generation is constrained
Eskom requests the public to reduce electricity usage as the power generation system is severely constrained. On Monday, 27 July
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COVID-19 accelerates rebalancing of the chromium industry
According to the Roskill’s long-term report on the chromium industry, the chromite and ferrochrome markets were to rebalance in 2020,
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Investigation into the refinery blast is still under way
Astron Energy has announced that two employees who were hospitalised following the incident at the Astron Energy refinery in Milnerton on Thursday 2 July
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Cement sales in SA up due to absence of imports
PPC has reported in its trading statement and operational update that basic earnings are expected to decrease by more than
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