Gold Fields lifts gold reserves 5pc
Gold Fields said gold reserves increased 5% to 80.6 million ounces assuming a gold
price of $1,300/oz.
Implats warns of job losses, R2bn in lost revenue
Impala Platinum warned of dire consequences flowing from the six-week strike
at its Rustenburg mine, and said the strike was an attempt to destabilise the
company.
Anglo dismisses Amplats demerger speculation
Anglo American is assessing the entire business chain in platinum production
including recycling, downstream and upstream activities and marketing ... but it will
not sell or demerge Amplats.
Big three iron ore miners may join China platform
China's recently established iron ore trading platform may be joined by the likes of
Rio Tinto, BHP Billiton and Vale.
ARM has Modikwa takeover, expansion in sights
African Rainbow Minerals said it could dilute Anglo American Platinum’s stake
in the Modikwa mine, or buy it if considered surplus to requirements by Anglo
American.
Equatorial Resources bows to Exxaro offer
Equatorial Resources accepted an offer by Exxaro Resources for its 20% stake in
African Iron taking the South African firm's stake in the iron ore exploration firm to
86%.
Vavi, peacemaker of the platinum fields
The visit of Cosatu’s Zwelinzima Vavi to striking workers at Impala Platinum
provides insight into the profound social conditions that are sweeping the
industry.
ARM, Vale may spend $500m to double Konkola
ARM Executive Chairman, Patrice Motsepe, sounded an expansionary note at
the group’s interim results, with the group’s Konkola copper joint venture
looking to kick on in size.
Back to work, Vavi tells Implats workers
Cosatu general secretary Zwelinzima Vavi has urged striking mineworkers at Impala Platinum's Rustenburg mines to return to work, according to a report by Sapa.
‘Little support’ for Kasukuwere’s Mimosa plan
ZIMBABWE’S Empowerment Minister, Saviour Kasukuwere has little support to force
Impala Platinum to give up its entire shareholding in Mimosa, says a member of
cabinet.