Markets

Kumba has ended a strike over wages by agreeing to a multi-year deal which will increase salaries by between 7.5% to 10%.

The PIC is the third institutional shareholder to express reservations about ArcelorMittal SA's R9bn BEE deal with the Ayigobi Consortium, which includes Imperial Crown Trading.

Kumba Iron Ore has revised its offer for a pay raise as it sought to end a strike by thousands of its workers, a National Union of Mineworkers official says.

The ANC Youth League is "seriously considering" opening branches at mines after the National Union of Mineworkers criticised its president Julius Malema.

The Department of Mineral Resources has squandered a massive opportunity to transform the mining sector, KIO Advisory Services founder Duma Gqubule said.

National Union of Mineworkers Spokesperson Frans Baleni has urged the ANC to end the "love relationship' between besieged Aurora Empowerment Systems management and its liquidators.

Sanlam has criticised the lack of transparency in the planned deal to offer a 26% stake in AcerlorMittal South Africa to black investors.

Government's proposed public-private partnership for environmental conservation has in principle been accepted by the mining sector to address acid mine drainage.

South Africa's production of ferrochrome, a steel-making ingredient, is forecast to more than double by 2015.

Metmar, the commodity trader, said first half earnings would be up to 27% higher after selling an investment.