M23 want direct talks with Congo’s Kabila
M23, a rebel movement in Congo, want direct talks with president Joseph Kabila and have warned government not to strengthen armies near Goma, which recently fell to the rebels.
Xstrata executive exodus feared
The resignation of Sir John Bond, chairman of Xstrata, and the already known new that its CEO, Mick Davis, is to leave has triggered fears that without retentions, the key Xstrata staff will abandon Glencore Xstrata.
Davis warns of risks after retention pay foiled
Xstrata shareholders supported the merger with Glencore but declined paying retention packages - a development Mick Davis, Xstrata CEO, said posed a risk to the combined entity.
NUM says no guarantee SA labour will calm
National Union of Mineworkers general-secretary, Frans Baleni, delivered unsettling news to UK investors saying the union could attempt to calm members in 2013, but there could be no guarantees.
SA economy braced for strike fallout
The South African economy must brace itself for the fallout from the mining industry's strike activity, a development that could be devastating, says the Bureau for Market Research.
Lender avarice drove desperate miners
Driven to desperation by spiralling debt, South Africa's miners had no option but to turn to strike action, according to a study by Unisa's Bureau of Market Research.
Strikes had hurt SA’s credibility: Gordhan
Strike action has cost an estimated R10bn in lost mine output and had led to two credit downgrades, said finance minister Pravin Gordhan in a speech last night.
Leon rails against misunderstood mining charter
The mining charter wasn't only about transfer of mining company ownership, said Peter Leon of Webber Wentzel who added that the charter was also about improving procurement and living conditions.
Anglo declares capex blow out at Minas Rio
More bad news for Anglo American's Minas Rio project with capital costs ballooning to $8bn and analyst expectations first production won't be before 2015.
Motlanthe rails against migrant labour
Deputy president Kgalema Motlanthe has urged mining companies to allow migrant
workers to return to home more frequently.