Home News Markets Page 275

Markets

Num, Chamber to start talks on wages

0
The National Union of Mineworkers is to begin official wage talks with the Chamber of Mines, with the union demanding a 14% wage increase, it says.

Gold slumps to three-week low

0
Spot gold fell more than 1% as heavy losses in crude oil and other commodities prompted investors to sell gold.

Australia releases mine tax draft

0
Australia's government has released draft legislation for its controversial mining profits tax, keeping the 30% rate and says resource firms will be able to push for more changes.

Exxaro gets interdict to stop strike

0
Exxaro has been granted a temporary interdict prohibiting workers from striking.

Chamber objects to Eskom, Transnet changes

0
The Chamber of Mines says it is "deeply concerned' about the removal of Eskom’s chairperson, as well as suggestions that Transnet’s chair is also on his way out.

Beneficiation now official policy, says Manyi

0
Cabinet has approved mineral beneficiation as policy for South Africa, says spokesperson Jimmy Manyi.

Mines DG to step down, says Shabangu

0
The director general of the department of mineral resources, Sandile Nogxina, will step down at the end of June to take early retirement, says Mines Minister Susan Shabangu.

Malema targets mines in new film

0
ANC Youth League leader Julius Malema says in a new documentary that SA's mines must be nationalised to return mineral wealth - stolen by white colonists - to the black majority.

Govt revokes Wild Coast mining rights

0
Minerals and Energy Minister Susan Shabangu withdrew a company's rights to mine heavy minerals on the Wild Coast after it failed to consult with the local community.

Exxaro workers plan strike

0
More than 7 000 workers at Exxaro may strike over plans to rationalise the business.