Anglo seeks new CEO as Carroll goes
Anglo American chairman John Parker will start a process to recruit a successor for
CEO Cynthina Carroll.
Amplats slashes capex further
Anglo American Platinum has further reduced its planned capital expenditure for
2012 and expects unit costs to outstrip most of its margins.
Friedland gets Ivanplats IPO away for $307m
Mining entrepreneur Robert Friedland gave crisis-hit South African mining investors
something to smile about after listing Ivanplats, a company that has the Platreef
project at its heart.
Eskom submits 16%, 5-year tariff increase
Eskom seeks hefty increases in electricity tariffs in order to pay for a doubling in
electricity capacity but which stops at its R92bn, 4,800MW Kusile power station.
Dark days on the horizon for SA mining
A research report by financial services firm JPMorgan Cazenove predicts sporadic
strikes in South Africa’s mining industry may carry on for up to a year.
Anglo to discuss Carroll’s future – report
The Board of Anglo American will this week discuss demands to replace chief
executive Cynhia Carroll, reports Sky News.
Cosatu to “reclaim Rustenburg’
Cosatu will next weekend hold a rally in strike affected Rustenburg as it tries to
regain the support of workers.
Shabangu tells ANC to drop nationalisation
Mining Minister Susan Shabangu has warned the ANC to axe nationalisation once and
for all at its Mangaung conference if it wants to save the economy.
Presidential summit to discuss strike wave
President Jacob Zuma has summoned business, labour and civil society leaders to a
meeting on Friday in a bid to find solutions to the current wave of violent strikes,
reports BDLive.
Existing wage deal offers pay hike loophole
Mineworkers within the gold and coal sectors may be in line for additional salary
increases this year without the need to amend existing formal wage agreements.