DRDGold kicks off new era, aided by rand
A lift in recoveries and rand weakness from the strike contagion helped DRDGold to
a 51% operating profit gain in the September quarter.
AngloGold counts cost of strikes, Obuasi troubles
Third quarter production would come in at 1.03 million ounces, well below guidance
and raising the likelihood of more profound output losses and higher cash costs for
the year.
AngloGold issues strike ultimatum
AngloGold Ashanti has finally issued its striking workforce an ultimatum to return to
work, close to a month after all its SA operations were brought to a standstill.
Gold Fields confirms KDC West strike over
A month-long strike at Gold Fields KDC West mine was confirmed over by Gold Fields
in the early hours of this morning.
Harmony says wage proposal is gaining traction
Harmony Gold CEO Graham Briggs says a proposal originally rejected by unions to
improve wages an average 1.5% by changing job grades was gaining acceptance at
the company’s operating mines.
Randgold’s Bristow warns DRC on code changes
The Democratic Republic of Congo risks damaging returns from its fledgling mining
industry - as does the rest of Africa - if regulatory uncertainty becomes the norm.
Blyvoor, Beatrix back in business
Striking employees at Village Main Reef’s marginal Blyvooruitzicht mine have
returned to work following their acceptance of a wage hike proposal.
Hope at Beatrix as Gold Fields issues ultimatum
Striking workers have started to return to Gold Fields’ Beatrix mine in the Free State,
the company says, recording attendance levels in excess of 80% at some shafts.
Gold One closes Ezulwini for 30 days
Gold One International says it will close its Ezulwini mine for at least a month, citing
the rise in intimidation and tension within the mining sector as reason.
Gold wage talks fail, retrenchments likely
Striking mineworkers and their employers in the gold sector are seemingly further
apart than ever as formal wage discussions collapse.