An investment of between R90 billion and R110 billion is required to build 40 new coal mines to meet the projected growth in domestic and export demand for coal over the next decade in South Africa. Frost & Sullivan believes this investment will be crucial to ensure that the country’s energy needs are met.
“South Africa’s [...]

As the South African mineral and mining industry has expanded in recent years, the related mineral and mining chemicals markets have enjoyed steady growth. However, the global economic downturn has had a severe impact on mining activity, and this has in turn decreased the demand for chemicals in this sector.
New analysis from Frost & Sullivan [...]

Keaton Energy has announced that it has reached agreement on a transaction which, on conclusion, will add 2 844 hectares of prospecting rights to its 4 009-hectare Sterkfontein Project (“the acquisition”) – an increase of  71%.
Keaton Energy Managing Director Paul Miller said: “Importantly, the addition - referred to as the Sterkfontein Extension Prospecting Right – `fills [...]

Rio Tinto Alcan today announced it will slow the construction of the Yarwun alumina refinery expansion in Gladstone and curtail annual bauxite production at its Weipa mine to 15 million tonnes (from 19.4 million tonnes in 2008) due to the sharp fall in alumina and aluminium demand and prices in recent months.
Announcing the decision, Rio [...]

ArcelorMittal South Africa today announced that it has acquired ArcelorMittal Group`s 16.3% stake in Coal of Africa Limited (“CoAL”) for R404.5 million in cash.  The price is based on the previous 15-day volume weighted average share price of CoAL on the Johannesburg Stock Exchange (“JSE”).
The transaction will secure part of ArcelorMittal South Africa`s future coal [...]

African Eagle Resources plc has signed a Letter of Intent for an option and joint venture with SAFINA a.s. of the Czech Republic and its subsidiary Tanzania Precious Metals Refinery Limited (TPMRL), over the Ngasamo licence, adjacent to the Dutwa nickel laterite project in Tanzania.
Under the agreement, African Eagle can earn an interest of up to [...]