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 […]
Continue ReadingCheaper 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 […]
Continue ReadingWeak 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 […]
Continue ReadingUJ 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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