Union starts arbitration with Eskom
Solidarity says it will on Wednesday hold a first dispute meeting at the Commission for Conciliation, Mediation and Arbitration in a bid to settle the drawn-out wage dispute with Eskom.
Blackthorn keen on Glencore JVs
Blackthorn Resources, an Australian company operating in Africa, said it would sign up for more joint ventures with Glencore in the African zinc industry.
Glencore ups stake in Optimum further
Glencore further edges up its stake in Optimum Coal Holdings snapping up another percent in the coal producer, South Africa's sixth largest.
SA gold reserves increase 13% to $7.3bn
The 13% increase in the spot price of gold contributed to a surge in South African foreign reserves in August, the Reserve Bank said in a statement.
Namibia approves Gold One deal
A deal to secure a major Chinese shareholder was a step closer for Gold One today after Namibia gave the thumbs up to proposed transaction.
SA half-year gold output stable
South African gold production for the first six months of this year was only 1% down on output for the corresponding period last year, the Chamber of Mines said.
Firestone raises R12.6m in share issue
Firestone Energy has issued 9.6% of its share capital and ceded rights to underground gasification on tenements owned by it and Sekoko Resources in an effort to further fund its Smitspan project.
Gold heads for $2,000 on India festival buying
Worries about Euro debt and the imminence of more physical buying by Indians despite record spot prices will drive gold ever higher, analysts say.
Sallies gets approval for $2.8m loan
Shareholders in Sallies approved $2.8m loan to help bolster the recommissioning of its Witkop mine.
Mugabe stands firm on indigenisation
Platinum and diamond miners hoping for wriggle room in indigenisation talks with Zimbabwe were reminded by the country's president there would be no change in the policy.