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.
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.
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.
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.
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.
Anglo to face criminal probe in Chile
Chilean prosecutors have launched a criminal investigation into Anglo American's sale
of a 24.5% stake in a local subsidiary to Japan's Mitsubishi.
Sierra Leone in battle to avoid ‘resource curse’
Sierra Leone is fighting an uphill battle to avoid the 'resource curse' of high-level graft, civil unrest and a lack of economic diversity that has afflicted many regional neighbours.
Pan African Resources expect earnings surge
Pan African Resources says it is expecting an increase in interim headline earnings of up to 93%.