The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
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inspirational

The 2015 list of the 100 Global Inspirational Women in Mining was recently released and included several South Africans and a Botswanan on the list. We are very proud that three of these South Africans are members of the SAIMM. Our congratulations to them on this accomplishment.

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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Eskom rejects call for inflation-capped hike, as Nersa gears up for Dec 7 decision
    State-owned power utility Eskom has rejected calls for its 2018/19 tariff to be capped at the level of inflation, arguing that such a move would be financially unsustainable as it would result in a revenue reduction, which would further squeeze its liquidity and could place the country’s credit rating at further risk. Several business organisations, individual companies and civil society groups called on the National Energy Regulator of South Africa (Nersa) to restrict the hike to consumer price inflation, or lower, arguing that Eskom should improve its sustainability by embarking an aggressive cost cutting and by addressing serious allegations of corruption and wasteful expenditure.
  • Shanta reaches cost-reduction goal
    In keeping with its previously announced strategy of optimising the financial performance of its operations, Aim-listed Shanta Gold has reduced annualised costs by $5.1-million, the company said in a statement on Monday. The company noted that the full benefit of this reduction would be achieved by the end of the first quarter of 2018. “The cost reductions are mostly comprised of renegotiated contracts with suppliers, lower headcount and eliminating non-essential spending,” said CEO Eric Zurrin.
  • Exxaro eases BEE scheme replacement concerns
    Diversified miner Exxaro Resources on Monday moved to ease shareholder concerns over its new replacement black economic empowerment (BEE) scheme that will ultimately hold a 30% stake in the JSE-listed firm. Shareholders had queried the ultimate controller of K2016475450 (BEE SPV), the special purpose vehicle that would hold a 52.2% stake in K2016473215, or NewBEECo, which in turn will hold the 30% stake in Exxaro.