Work together to save SA iron and steel industry – Zuma

Work together to save SA iron and steel industry – Zuma

President Jacob Zuma on Tuesday called on government, business, and trade unions to work together to prevent job losses in the struggling iron and domestic steel industry sector. “This is a time for unity in the sector so that this critical industry can be supported and emerge from the current challenges stronger and play its […]

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Gold Fields swings to black in Q2, but cuts guidance at South Deep

JOHANNESBURG (miningweekly.com) – While a solid showing from its Peruvian, Ghanaian and Australian operations pushed Gold Fields’ second-quarter earnings to $22-million, the company has cautioned of a likely output slip at its South Deep gold mine, located along the Witwatersrand basin, narrowing the operation’s forecast yearly production by 8.5% to 229 280 oz. Despite posting […]

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Cheaper oil forces South Africa to rework biofuels subsidy

South Africa’s biofuels funding incentive is being revamped over concerns that it is unaffordable after a halving of global crude oil prices over the past year, officials said on Tuesday. A net importer of crude, Africa’s most advanced economy wants biofuels initially to meet 2%, or around 400-million litres, of the country’s annual fuel consumption […]

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Weak oil price exacts toll on Sasol’s earnings

South African energy and chemicals group Sasol confirmed on Friday that its earnings for the financial year to June 30, 2015, would be down on the previous year, despite a strong operational performance – the weaker result was largely attributed to the sharp fall in the oil prices during the period. Headline earnings a share […]

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UJ robotics centre services extended to disadvantaged learners

The University of Johannesburg (UJ) has entered into a partnership with the South African Institute of Electrical Engineers (SAIEE) that will further extend the services offered by the university’s Faculty of Engineering and the Built Environment robotics centre, Technolab, to disadvantaged learners. This was expected to create a pipeline of future engineering students for the […]

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