Gold miners jump on risk aversion
JSE-listed gold mining stocks have surged in early trade as investors take shelter from the deteriorating global economic outlook and Europe's worsening debt crisis.
Shabangu speaks out on Hawks raid
Mines Minister Susan Shabangu has described a raid by the Hawks on her ministry's offices as sinister, and says a new mines DG will be appointed within two weeks.
Shabangu: ‘No quick fix’ on nationalisation
Uncertainty regarding mining sector nationalisation would be inevitable as government sought to tackle matter through its internal processes, says the mines minister.
Xstrata decries ‘unilateral’ policy changes
Governments seeking a greater share of mining profits should implement changes in regulations and taxes prospectively, and not retrospectively, says Xstrata CEO Mick Davis.
Xstrata shakes off flooding woes
Xstrata has posted financials in line with forecasts, with a 30% jump in interim profit, pointing to a stronger second half as its copper unit helps the miner recover from a flood-hit start to 2011.
Minister acknowledges mines debate harm
The government knows that the debate on nationalisation dents SA's image and will not do anything unconstitutional, says the Minister of Public Enterprises.
New effort to end wage impasse
Striking coal and gold miners are meeting the Chamber of Mines in separate talks in a bid to end stoppages that have cost South Africa tens of millions of dollars in lost output.
Wage talks set for Monday as mines stay shut
Wage talks with unions to end a strike against the country's main gold miners have brought the sides closer together and negotiations will resume on Monday, says the Chamber of Mines.
Anglo delivers as commodities surge
Anglo American has posted a 38% increase in half-year operating profitability, succeeding in cashing in on record commodities prices.
Gold miners to talk as strike starts
Gold mine workers and the major producers are due to meet for wage talks, in a bid to end a strike that may halt daily output worth up to $25m.