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CoM, DMR seek centralised negotiation forums

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THE Chamber of Mines, together with the ministries of labour and mineral resources, are actively seeking a centralised negotiation forum for the platinum and gold industry.

Chamber says it seeks union peace

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Meetings between the Chamber of Mines, Labour Minister Nelisiwe Oliphant and Amcu may lead to the signing of a peace agreement that could put a stop to growing labour unrest.

Anglo, Codelco shake hands on Los Bronces

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Anglo American and Codelco have agreed to a deal that would see the Chilean copper producer take up a 29.5% stake in Anglo’s flagship Los Bronces mine for $2.9bn.

BHP to review Olympic Dam project as China slows

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BHP Billiton put the brakes on its $20bn Olympic Dam project and could halt up to $60bn more as it books its first profit decline in three years on slowing China demand.

Market to focus on BHP’s capex guidance

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Having already addressed the market’s concerns over writedowns of its shale business, focus will turn to BHP’s capex plans and whether any of its large projects will be deferred.

Petmin ups stake in pig iron project for $4.5m

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Petmin said it had increased its stake in a Canadian pig iron prospect with a forecast first-phase capacity of 500,000 tonnes/year to 22.5% in a $4.5m deal.

Manuel’s commission asks for policy clarity

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The second draft of the National Planning Commission’s development strategy for SA again leans heavily on the contribution of the mining sector, naming security of tenure as a key requirement.

SA mining’s difficult jobs

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These are the CEOs in whose shoes you’d prefer not to stand as they are slayed by outrageous fortune.

Xstrata pulls back $1bn on capex

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Xstrata will cut $1bn from its original capital expenditure planned for 2012, and has so far cut unit costs by a net $105m, taking "pre-emptive action' to defend its margins in volatile market conditions.

Kloppers waives bonus as BHP takes $3.3bn hit

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BHP Billiton has taken a $3.3bn hit on its nickel and shale gas assets, a decision that has prompted CEO Marius Kloppers and the group’s head for petroleum to forego their annual bonuses.