Allan Gray nips in as Harmony’s top shareholder
Cape Town asset manager Allan Gray has become Harmony Gold's largest shareholder amid speculation the gold miner is a sitting duck for a takeover.
SA gold sector heading inexorably for a strike
The $100 per ounce slide in the gold price made it more urgent to strike a wage deal but analysts said a strike of one stripe or another appeared to be inevitable.
Harmony’s Briggs announces retirement plans
The retirement of Graham Briggs, the seven-year-long CEO of Harmony Gold, comes at a time when his company stands the most vulnerable if wage talks fail.
Harmony, unions save Doornkop thousands
Harmony Gold hailed the cooperation of NUM and other unions for helping save roughly 3,000 jobs at its struggling Doornkop gold mine.
What happened to gold’s safe-haven status?
The gold price benefited from the 2009 and 2011 crisis, but amid a 30% slide in Chinese stocks and prospects of Grexit, bullion has merely tested year lows. Why?
Bowing to union demands ruinous for SA gold
The Chamber of Mines warned that union wage demands would destroy every job in
the South African gold sector as talks complete an eighth day without result.
Gold miners say unions must study ‘job value’
South African gold producers hope to convince unions of what's at stake if just one job is lost owing to high wage demands.
Nelson’s Xtract buys back the farm
Jan Nelson, CEO of Xtract Resources, has returned to Mozambique's Manica gold deposit, a prospect over which he ran the rule when head of Pan African Resources.
Gold firms moot up to 13% wage lift, profit share
South African gold miners have offered employees guaranteed increases of up to 13% for entry-level workers, and profit share, in return for efficiency plans.
Anglogold judged least vulnerable in wage talks
The sale of AngloGold's Cripple Creek & Victor gives the firm breathing space and strengthens its bargaining position as wage talks with SA unions kick off.