Aquarius cutback “too small to notice’
The platinum price will only respond to supply cutbacks once the major PGM
producers embark on shaft closures, says analysts.
Gold One in NUM talks following dismissals
Gold One International has begun talks with the National Union of Mineworkers
(NUM), following the dismissal of employees who participated in an illegal strike
at the group’s Modder East mine.
BEE group in new First Uranium bid
BEE holdings group Kumvest, headed by Mandla "Bear' Kumalo, has submitted a
proposal to keep embattled gold miner First Uranium running as a going concern.
Aussie miner floats rail JV with Exxaro
The relationship between Equatorial Resources and Exxaro Resources has
thawed with the two firms looking at sharing iron ore infrastructure costs in the
Republic of Congo.
Glasenberg defends steep executive pay
Glencore CEO Ivan Glasenberg has defended steep executive pay packages and
showed support for the CEO of Xstrata, reports Reuters.
First Uranium gives distributions update
TSX and JSE-listed gold producer First Uranium says currency fluctuations may
work in shareholders’ favour when the leftover proceeds from the sale of its key
assets are distributed.
Miller bids Keaton adieu
Keaton Energy MD Paul Miller has called its quits at Keaton Energy after a five-
year
stint, but promises to stay in junior mining.
WUC to list as acid water issue burns DRDGold
In the battle of the acronyms, it’s TCTA that wins over WUC in the effort to head
off the threat of acid mine drainage in an affair that has more than dirty water
below the surface.
Metmar unveils R475m cash and asset investor
Investors who helped put Optimum Coal on the map are to pump R475m into
metals and minerals trader, Metmar.
Amcu ranks swell to 20,000, turns to Amplats
The Associated Mineworkers and Construction Union (Amcu) said it had a majority
at Impala, organisational rights at Lonmin, and had been asked by Amplats mines
to canvass for support there.