Monday, August 20, 2018

The deadline to prevent rising acid mine drainage from causing an ecological disaster in the Central Witwatersrand has come and gone.

Most striking workers at Collahuasi copper mine are staying on the picket line despite management's prediction that many would abandon the walkout.

Trading and mining company Glencore International is considering an IPO that may raise about $10bn next year, reports Bloomberg.

SA's biggest union, the National Union of Mineworkers, says the BEE elite may be funding the ANC Youth League to push the nationalisation agenda.

The Chamber of Mines is lying if it claims there has been an improvement on safety in mine, says the National Union of Mineworkers.

The ANC Youth League says it is not interested in independent views on the nationalisation of mines.

All structures within the ANC must stop casting aspersions before real research work on the nationalisation of mines begins, spokesperson Brian Sokutu said on Wednesday.

BHP Billiton has not given up on large acquisitions and does not regret spending $875m pursuing three massive deals that failed over the past two years, says its chairperson.

BHP Billiton chair Jac Nasser says that while the US, Europe and other mature markets remain significant contributors to commodity demand, it is emerging markets that are the key drivers of growth.

The ruling ANC will appoint two independent researchers to investigate the nationalisation of mines, says secretary general Gwede Mantashe.