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Gold producers, unions to resume talks

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Gold mine workers and producers are to resume wage talks aimed at ending a strike that is costing the companies up to $25 million a day in lost output.

Shabangu speaks out on Hawks raid

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Mines Minister Susan Shabangu has described a raid by the Hawks on her ministry's offices as sinister, and says a new mines DG will be appointed within two weeks.

Davies to probe Exxaro refinery closure

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A team is to investigate the imminent shutting down of Exxaro's zinc plant, says Trade and Industry Minister Rob Davies.

Shabangu: ‘No quick fix’ on nationalisation

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Uncertainty regarding mining sector nationalisation would be inevitable as government sought to tackle matter through its internal processes, says the mines minister.

Xstrata decries ‘unilateral’ policy changes

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Governments seeking a greater share of mining profits should implement changes in regulations and taxes prospectively, and not retrospectively, says Xstrata CEO Mick Davis.

Deal reached to end gold strike

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A strike in South Africa's gold mining sector has ended after a two-year wage deal was clinched, unions and the Chamber of Mines say.

Xstrata shakes off flooding woes

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Xstrata has posted financials in line with forecasts, with a 30% jump in interim profit, pointing to a stronger second half as its copper unit helps the miner recover from a flood-hit start to 2011.

Gold slides on US trade breakthrough

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Stocks have risen while gold and the yen dropped as investors cut safety trades after Washington reached a last-minute deal to escape default.

African Minerals, Shandong sign $1.5bn deal

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African Minerals has finally signed an agreement with Shandong Iron & Steel that will see the Chinese group invest $1.5bn in African Minerals' flagship iron ore project in Sierra Leone.

Harmony creates new executive post

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Harmony Gold has created a new executive position to accelerate the execution of its safety and health strategy.