Wednesday, March 21, 2018

A mine in Mozambique owned by Canadian firm Wildcat Resources was attacked and destroyed on November 9 after mine security shot dead an illegal miner.

Zimbabwe's banking and services sectors did not have to comply with indigenisation in the same way was mining, the indigenisation minister has said.

Mark Cutifani, CEO, said the group would write-down $300m as it quit the Alaska Pebble Copper prospect in line with its focus on near-term, high value ventures.

The Association of Mineworkers & Construction Union said it had not taken the latest wage offer to members and was waiting for a response from government.

First Quantum Minerals, the Canadian mining company, has postponed its plans to halt copper production at the Bwana Mkubwa processing plant in Zambia to September.

The National Union of Mineworkers said it may call a dispute in coal industry wage negotiations with the Chamber of Mines.

An employee at AngloGold Ashanti's Mponeng mine lost his life on November 25 following a fall of ground, the company said.

Sam Walsh, CEO of Rio Tinto, said the group would cut capital spending to $8bn in 2015 - half its outlay in the last financial year.

Aquarius Platinum has appointed Nigel Rudd as its new chairman effective from March 1, the company said.

Eskom may seek to replace control and instrumentation contractor to the R105bn Medupi power project, Alstom, which could result in yet further delays.