Tuesday, June 19, 2018

Power utility Eskom says it is ready should its 16,000 workers decide to go on a strike over wages.

Peru's mining firms have agreed to pay higher royalties in an overhaul of the current system, say sources on both sides of negotiations between companies and government.

Lonmin’s shares have lost ground following a downward revision of the company’s production target, coupled with an upward adjustment of unit costs.

Anglo American has released four documents relating to the sale of shares in Anglo American Sur to Mitsubishi, denying the contract contains any means to change the deal.

Sibanye Gold has fared well in the first quarter since listing. The stock has held up despite high liquidity and it has generated enough cash to pay R570m off its debt.

Coal of Africa said shareholders representing 62.63% of its total issued share capital supported its R1.25bn bid for Universal Coal.

Village Main Reef approached the South African Police Services to help it end a week long sit-in at its Consolidated Murchison mine.

Lonmin said an employee had died in a vehicle accident at one of its shafts on May 19 breaking an 18 month stint of no fatalities at the company's operations

Edgar Lungu takes the helm in Zambia at a difficult time for the country owing to slow economic growth and poor copper prices.

Lonmin CEO, Ben Magara, could not say whether AMCU was behind efforts to intimidate workers who overwhelmingly wanted to end a 10-week strike.