ARM on the prowl for new targets
Acquisition targets may come aplenty as commodity markets are taking strain, according to African Rainbow Minerals, saying value has once again returned to the market.
Acid drainage costs surge to R2.2bn
THE cost of dealing with acid mine drainage in the Witwatersrand has escalated
to R2.2bn, says Minister of Water and Environmental Affairs, Edna Molewa.
Zimbabwe courts investors Down Under
A Zimbabwean government official has told an Australian audience his country
is a promising mining investment destination in need of partners and
capitalisation.
Shabangu carries on beating SA’s drum
South Africa’s mining industry is still open and ready for business, Minister of
Mineral Resources Susan Shabangu tells an Australian audience.
Sibiya defends mineworkers’ pay levels
Chamber of Mines CEO Bheki Sibiya says the wages that the body’s members
pay their employees compare favourably to that of other industries. He has also
called for an economic Codesa.
NUM “doing good business’ in mining sector
The National Union of Mineworkers’ investment vehicles are not afraid to do
business with mining companies.
CoM, DMR seek centralised negotiation forums
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
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
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
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.