Commodities outlook strong, says Glencore
Commodities fundamentals remain strong as buoyant demand from emerging markets strains tightening supplies, says Glencore CEO Ivan Glasenberg.
Glencore makes lacklustre Hong Kong debut
Shares in commodities giant Glencore have opened 2.8% lower in their Hong Kong trading debut, following a tepid launch in London for the year's biggest IPO.
Lonmin’s Karee faces lengthy standstill
Production at Lonmin’s Karee shaft could still be disrupted for several weeks as the company starts to dismiss 9,000 workers involved in an unprotected strike.
Lonmin to fire 9,000 striking workers
About 9,000 workers at Lonmin's Marikana operations in Rustenburg are to be served letters of dismissal, according to Lonmin CEO Ian Farmer.
Operations resume at Eastplats mine
Eastern Platinum says operations have resumed at its Crocodile River mine, following labour unrest.
Dismissal scuppers Pamodzi deal, says Motala
The dismissal of two Pamodzi liquidators has jeopardised a possible transaction to rescue the assets, according to one of the pair.
India pledges $5bn in African charm offensive
India has stepped up its push to deepen its economic ties with Africa and emerge from the shadow of rival China by offering $5bn in new credit lines to the continent.
Food, fuel to stoke wage talks
Mining companies are again likely to settle for wages above the main rate of inflation as they tackle union demands given impetus by accelerating food and fuel prices.
Motala fired as Pamodzi liquidator
Enver Motala and Gavin Gainsford have been dismissed as liquidators of the Pamodzi Gold estate, says labour union Solidarity.
Exxaro bids for Aussie iron ore miner
Exxaro Resources has bid for junior Australian iron ore producer Territory Resources, but could face stiff opposition from commodity trader Noble Minerals.