Sibanye-Stillwater to pull 150MW renewable power project citing obscure Govt. rules

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SIBANYE-Stillwater CEO, Neal Froneman, issued a not-so subtle message to the South African government that its failure to provide power supply security would influence his company’s future investment decisions in the country. Responding to a question at Sibanye-Stillwater’s annual results presentation, Froneman also said the company was reconsidering a 150MW self-generation project at its gold… Read More

Sawiris interested in entering Egypt’s mining sector after country liberalises industry

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NAGUIB Sawiris, the telecoms mogul-turned-gold bull, said he was interested in participating in Egypt’s gold industry after the North African country started discussions with companies about potential licence auctions. Sawiris said in an interview with Bloomberg News that the Egyptian government had “… already started talks with us as well as other companies to promote… Read More