GFMS: wage talks won’t hurt platinum supply
The global supply of platinum is expected to rise slightly this year, with upcoming wage talks in South Africa not expected to have a big impact, says research firm GFMS.
Harmony falling short of target
Harmony Gold’s full-year production target seems to be out of reach after reporting a 2% quarterly output decrease.
Panic selling hits commodities
Investors are scrambling for cover as silver heads for its biggest weekly loss since at least 1983 and oil falls below $100 a barrel.
Better days still ahead, says Briggs
Harmony Gold investors will have to be patient a little longer before the significant investments in the group’s growth assets start to deliver output and income growth.
Malema: Stop mineral exports
The government must stop exporting raw minerals to encourage the establishment of industries to process them locally, ANC Youth League leader Julius Malema says.
Tongon delivers for Randgold
The Tongon gold mine in troubled Cote d'Ivoire has delivered the goods for Randgold Resources despite the near civil war that erupted in the country.
Silver could top 2011’s precious pack
Platinum is drawing investment as a financial asset and palladium boasts an enviable market balance, but silver could top the precious pack this year, says GFMS's Philip Klapwijk.
Namibia’s rights plan for future finds only
Namibia's plan to hand mining and exploration rights to a state-owned firm will only be applied to future mineral discoveries, according to a news report.
Num, Implats set for showdown over wages
The National Union of Mineworkers is demanding a 14% pay rise for its members at Impala Platinum, more than triple the official inflation rate.
IPO gives Glencore $60bn price tag
Commodities trading house Glencore has priced its long-awaited public offering at between 480 and 580 pence per share, valuing the company at $60bn at the mid-point of the price range.