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Eskom quietly deepens power cuts to unprecedented level

South Africa’s struggling State-owned utility Eskom Holdings appears to have reached an unprecedented level of power cuts, indicated late Tuesday by the company spokesman. The company cut 7 045 MW from the grid, a practice locally referred to as loadshedding, in order...

Sibanye makes off-market play for New Century

Additional feed line from tails dam to the plant. Image: New Century Resources Sibanye has cited changes in strategic direction and a decline in shareholder value as the reason for its takeover bid. The recent string of takeover bids is marching on,...