Investors cry foul over Lontoh Coal
ANC bigwigs Zola Skweyiya and Aaron Motsoaledi are among several people who
invested millions of rands in Lontoh Coal - some of whom now claim they've been
misled.
Vedanta’s Konkola settles on 17% pay hike
Konkola Copper Mines, the Zambia miner owned by Vedanta Resources Plc, has awarded its workers a 17% pay increase, says a union official.
Anglo seeks Codelco talks as pressure piles up
Anglo American has urged Chile's Codelco to seek a negotiated deal to settle the
dispute over Anglo American Sur, labelling a criminal probe into the matter as
"completely inappropriate'.
PGM prices to falter in 2012, recover in 2013
Concerns about global growth are likely to soften platinum and palladium demand this year, although production shortfalls in SA are likely to support prices.
Kolomela aids Kumba’s Q4 production
Kumba Iron Ore has reported a production increase of 4%, aided by the first contribution of the newly commissioned Kolomela mine.
Zimplats workers return to work
Workers at the Zimbabwean unit of platinum miner Impala Platinum have returned to work after going on strike last week over electricity bills.
Anglo American Q4 copper, iron ore output up
Miner Anglo American has posted a 10% rise in copper output in the final three months of 2011, boosted by its flagship Los Bronces mine.
Safety stoppages hit Lonmin Q1, confirms target
Lonmin has posted a rise in first quarter output, despite the impact of safety stoppages which it warned could hit both sales and costs if current trends persist.
DMR task team to review safety stoppages
Government, industry and organised labour have established a task team that will
review how safety stoppages ‒ known as Section 54s ‒ are applied to the mining
industry.
Rand shields Merafe from ferrochrome woes
The weaker rand is giving Merafe Resources some respite from the distressed
ferrochrome market, analysts say, while the company has also secured debt to
finance the Lion expansion project.