RATINGS agency Moody's has placed the Ba3 rating of steel maker Evraz -- majority shareholder of Witbank-based Highveld Steel and Vanadium -- under review for a possible downgrade.

STATE-owned oil and gas group PetroSA had had talks with the Treasury about the funding for its 9bn crude refinery project at Coega, near Port Elizabeth, a PetroSA senior official said yesterday.

IN October 2006, Dimension Data ( Didata ) was reviewed in the Forecast Factory column, the precursor to this column. The column was bullish on the share price, which was then R5,30. Bottom-line earnings per share had been growing strongly.

With Shell having agreed an out-of-court settlement of $15.5 million with the families of the Ogoni Nine activists killed in 1995, Sokari Ekine and Firoze Manji argue that a victory should not be confused with justice.

With access to Nigeria's Delta creeks still restricted, the extent of the impact of military operations on Delta residents remains unclear, say rescue workers.

Militants on Tuesday night reportedly blew up a flow station in Otunana, Delta State that belongs to Chevron, in what appears as part of the battle of propaganda and misinformation waged against federal might.

The House of Representatives Ad hoc Committee probing the operations of the Nigeria National Petroleum Corporation (NNPC) and its subsidiaries yesterday alleged that Nigeria lost about $1.87billion between 2004 and 2007 due to manipulation of prices of crude oil exported

SA's Air Traffic and Navigation Services (ATNS) was humiliated in front of its peers yesterday when it was named and shamed by the International Air Transport Association (Iata) for seeking a 44% tariff hike next year.

Twenty-thousand people in Khayelitsha now have access to train transport to help them get around. A new Metrorail line extension has enabled a shuttle service to operate from the Khayelitsha train station to two new stations that reach parts of

The increase in fuel prices has sparked off controversies among many people in the country, most especially between drivers and passengers.

Fisheries and Marine Resources Minister Abdirahman Ibbi, who is also the Deputy Prime Minister, told a press conference in the capital Mogadishu that foreign warships off the Somali coast are not there to fight pirates.

Government is to constitute a National Joint Working Group on Public Transport to deal with issues in the taxi industry.

ILLEGAL mining is risky and dangerous as evidenced by the high rate of deaths recorded in the undertaking. Many lives have been lost in this dastard activity, which otherwise appears to be lucrative.

The global financial crisis has taught African governments a lesson. More than ever, they recognise the need to diversify their countries' mining operations as a key defence against economic instability and cyclical swings.

PALLINGHURST Resources and its subsidiary Rox Conduit 's potential buy-out offer for AIM-listed Gemfields could be the "logical next step" in Pallinghurst's strategy of investing in coloured gemstones, Pallinghurst CEO Arne Frandsen said yesterday.

EIGHT illegal miners were yesterday killed after the underground tunnel they were using to dig cobalt and copper deposits collapsed on them at the Chambishi Metals crashing plant in Kitwe.

A CHANGE OF mine plan at Coal of Africa 's Mooiplaats project necessitated by the discovery of more geological faulting than expected would delay first net cash generation only four to six weeks from the original planned date, CEO Simon