Media Room

NRW buys BGC Contracting

Mining services provider NRW Holdings has inked an acquisition agreement with fellow services provider BGC Contracting.

Under the terms of the agreement, NRW would acquire BGC Contracting for A$116.4-million in cash, with NRW also assuming A$193.6-million worth of debt related to asset finance.

South Africa is Anglo’s best performing mining jurisdiction ­– Cutifani

South Africa is Anglo American's best performing mining jurisdiction, Anglo American CEO Mark Cutifani said last night, when he chided South Africans for not giving themselves the credit they deserved when it came to transformation already achieved. Cutifani described South Africa as “a wonderful country” and said it remained Anglo's most important location.

Vale to shutter Mozambique coal operations for three months

Vale, the Brazilian mining giant, plans to place its Mozambican coal operations on maintenance for three months, essentially closing the tap on about one-third of the southeast African country’s export earnings. The move could have severe implications for the country’s balance of payments and currency, as coal is by far its biggest source of export earnings.

Sasol pledges climate action

Sasol, South Africa’s second-biggest producer of greenhouse gases after State-owned Eskom Holdings, pledged more clarity on plans to reduce its impact on the environment. The company, which together with Eskom also produces pollutants such as sulfur dioxide and particulate emissions, said its long-term strategy will be released in November next year.