Implats fires 13,000 workers
IMPALA Platinum , the world's second largest platinum producer, said on Thursday it had dismissed 13,000 employees, bringing to 17,200 those sacked since the start of a labour dispute almost two weeks ago.
ANC mines study rejects assets grab
A study commissioned by the ANC has rejected calls for mine nationalisation and come out in favour of higher taxes and royalties, reports Business Day.
Shabangu: Constitution informs nationalisation debate
Susan Shabangu, mines minister, confirmed a date with the ANC's National
Executive Committee today which is said to inspect a report rejecting nationalization
of the mines industry.
Glencore given March deadline for Xstrata bid
UPDATED: Glencore International has until March 1 to make a move for global miner
Xstrata in a deal that may create a merged major valued around £50bn.
BHP Billiton sells out of Richards Bay Minerals
BHP Billiton is selling its stake in titanium producer Richards Bay Minerals to partner Rio
Tinto; a move that is part of its strategy to exit the titanium sector which it deems
non-core.
Implats starts to dismiss ‘no shows’
Workers who did not report for duty at Impala Platinum Holdings Rustenburg mine on Wednesday will be dismissed, says the company.
Rio Tinto accepts Chinese offer for Kalahari
Rio Tinto has accepted China Guangdong Nuclear Power Corp's bid for its 11.1% stake in Kalahari Minerals.
Diamond prices have stabilised, says Petra
Rough diamond prices have now stabilised, according to Petra CEO Johan Dippenaar,
but Numis Securities reckons the drop in the second half of 2011 was worse than
expected.
NPC revives coal export permit debate
Eskom is negotiating with suppliers to secure future coal supply, but failure to
advance talks should be dealt with by export regulation, a National Planning
Commission member has said.
Anooraq appointee presages Anglo’s ‘new deal’
Dawid Stander will be MD of Anooraq Resources' Bokoni Platinum Mines as it enters
"an exciting growth phase" - a sure hint that a refinancing deal with Anglo American
Platinum is imminent.