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Nov 9, 2015

ANC may pay as drought withers black South African farmers’ dreams

AMAJUBA, South Africa, Nov 9 (Reuters) – Cattle are the
traditional asset by which Nampie Motloung, a subsistence black
South African farmer, has long measured his wealth. But a
blistering drought has made them a liability.

“I have no choice but to sell some of my cows. I must do it
before they die,” Motloung, 62, told Reuters as his 30-strong
herd ambled in the distance across the parched landscape.

Oct 29, 2015

African vultures targeted by poachers, headed for extinction -report

CAPE TOWN, Oct 29 (Reuters) – Africa’s vultures are
vanishing, according to a report released on Thursday, a
situation that could affect human health and livestock since
populations of other scavengers such as rats and jackals could
rise as a result.

The assessment, carried out by conservation group BirdLife
International, found that six of Africa’s 11 vulture species
were at risk of extinction.

Oct 27, 2015

Tullow delays Uganda oilfield sanction to early 2017

CAPE TOWN, Oct 27 (Reuters) – Britain’s Tullow Oil
plans to take a final investment decision (FID) on a new
oilfield project in Uganda in early 2017, later than planned,
Chief Executive Aidan Heavey told Reuters on Tuesday.

Tullow discovered oil in the East African country in 2006
and had planned to make an FID on its oilfield by the end of

Oct 21, 2015

Platinum fails to fill breach left by gold in South Africa

BRITS, South Africa, Oct 21 (Reuters) – When South African
miner Papi Soke went from gold to platinum, he thought he was
trading a sunset industry for one with a brighter future.

This month, the National Union of Mineworkers (NUM) shop
steward was one of over 800 workers laid off at the Eland
platinum mine, closed by Glencore.

Oct 21, 2015

Lonmin aims for $400 mln rights issue, proceeds with job cuts plan

JOHANNESBURG, Oct 21 (Reuters) – Platinum producer Lonmin
plans a $400 million rights issue of new shares
and will proceed with a planned restructuring to cut 6,000 jobs
in the face of depressed prices, it said on Wednesday.

Lonmin also said in a statement it had slashed its capital
expenditure for the year through Sept. 30 to $136 million from
an original target of $250 million.

Oct 15, 2015

Oscar Pistorius to be released on parole on Tuesday

JOHANNESBURG (Reuters) – Oscar Pistorius will be released on parole on Oct. 20, about a year into his five-year sentence for killing his girlfriend Reeva Steenkamp, authorities said.

The department of correctional services said in a statement on Thursday the Olympic and Paralympic track star would be placed under house arrest from Tuesday.

Oct 13, 2015

South African union signs wage deal to end coal strike

JOHANNESBURG, Oct 13 (Reuters) – South Africa’s National
Union of Mineworkers (NUM) signed a wage deal with coal
producers on Tuesday, ending a strike by the sector’s biggest
union that started over a week ago, workers and mining companies

The strike by around 30,000 NUM members had affected
operations at Exxaro, Glencore, and Anglo
American, and some smaller producers.

Oct 12, 2015

South Africa court to decide on silicosis class action against gold sector

JOHANNESBURG (Reuters) – A South African court on Monday began two weeks of hearings to determine if gold miners suffering from debilitating lung diseases they say they contracted at work can proceed with a class action lawsuit against the industry.

The stakes are high with miners seeking damages that could amount to billions of rand at a time when South Africa’s gold industry is in a state of steep decline in the face of depressed prices and soaring costs.

Oct 6, 2015

Sibanye raises platinum gamble with Aquarius deal

JOHANNESBURG, Oct 6 (Reuters) – South Africa’s Sibanye Gold
has offered $294 million to buy Aquarius Platinum
, making its second big bet on a platinum sector
hammered by falling prices and rising costs.

The deal, announced on Tuesday, would put South Africa’s
third-largest gold producer by value into the global top five
producers of platinum group metals with annual output of more
than a million ounces.

Oct 2, 2015

S.Africa mine unions divided on wage offers in troubled gold sector

JOHANNESBURG, Oct 2 (Reuters) – South Africa’s National
Union of Mineworkers (NUM) said on Friday its members had
accepted the latest pay offer from gold producers covering the
next three years.

“Our members have accepted the offer,” David Sipunzi, NUM’s
general secretary, told Reuters. NUM is the biggest union in the
sector, representing over 50 percent of the industry’s workers.

    • About Ed

      "I cover commodities in southerrn Africa, a region that I have returned to after spending over four years covering religion, politics and the Great Recession in America. I am a Canadian citizen and grew up in Nova Scotia."
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