Anglo Plat averts strike, lost output
Anglo Platinum says its production targets are safe from strike action after the company signed 8% to 10% wage deals with unions.
Froneman nets R11m in ‘retention fee’
Gold One CEO, Neal Froneman, also praises shareholders for recognising the value of the firm's combination with the Chinese.
Zimplats wrangle descends into farce
Zimbabwe's empowerment minister strikes an isolated figure as the ability to impose indigenisation is questioned by the country's own ministers.
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.
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.
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.
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.