Thursday, March 22, 2018

The Australian government says high-tech threats against resource and other firms are intensifying.

South African mines minister, Ngoako Ramatlhodi, said wage talks had progressed with the sides sticking on two basic points of which one was housing subsidies.

David Sipunzi, National Union of Mineworkers general secretary blamed a decline in its membership on job losses and a failure to process membership forms.

Anglo American CEO Cynthia Carroll has derided nationalisation as an economic policy that - drawing on the group's prior experiences in Zambia - "simply does not work".

Zimbabwe is inviting fresh bids for the takeover of state steel-maker Zisco, after rejecting earlier offers from ArcelorMittal, Jindal Steel and Power of India.

Mick Davis' new business - X2 - is one of several private equity ventures hoping to buy unloved assets in the much-battered mining sector.

Gem Diamonds says diamond prices firmed in the first quarter.

Chris Wells, who has acted as Transnet group CEO since March 2009, will leave at the end of March 2011, according to the Transnet board.

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.

Mining exploration and development company Jubilee Platinum reported a full year headline loss of £1.35 compared to £1.12 previously.