Off The Wires

Sibiya warns against MPRDA changes

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Bheki Sibiya, CEO of the Chamber of Mines, has warned against under-estimating the negative impact of proposed amendments to the MPRDA.

“Grave allegations” leave no compromise in Sable bribery claim

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UK-listed iron ore exploration and development company, Sable Mining, is at the centre of an bribery investigation that links it to illegal payments in...

Amplats facing restructure backlash

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Anglo American Platinum is facing a worker backlash even if it proceeds with lower than forecast restructuring at its Rustenburg mines, Reuters reports.

Lonmin lowers full-year sales to 420koz

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Lonmin reduced its full-year sales guidance to 420,000 ounces for the year to September, nearly half of the 715,000 oz in sales during the previous year.

Gordhan urges labour resolution

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South African finance minister, Pravin Gordhan, urged the country to cut its fiscal deficit and resolve labour disputes so the economy could withstand external shocks.

Mwana consider restarting nickel smelter

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Mwana Africa, the UK-listed firm, is considering restarting its Bindura nickel smelter in Zimbabwe after prices for the metal supplied as a concentrate plummet.

SA, Russia to hold platinum talks in 2015

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South Africa and Russian are to hold a meeting next year to which firms, traders and consumers will be invited to find ways to support platinum group metal prices.

Anglo to relocate head office in cost drive

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Anglo American is reportedly moving its head office to cut costs but there was no planned move back to South Africa.

Safety stoppages cost SA mining R13.6bn

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South Africa's mining industry lost an estimated R13.6bn in revenue since 2012 owing to safety stoppages.

Productivity a key element of gold wage talks

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CEOs from South Africa's largest gold producers said productivity gains ought to be offered by unions in return for higher wages when wage talks start this year.