Coal workers want ‘reasonable’ offer
At the start of wage negotiations in the coal sector, unions demand a 14% wage hike, while firms offer 5%.
Merafe expects sharp drop in earnings
Ferrochrome producer Merafe Resources expects sharply lower earnings for the six months to June and is cutting back production because of current weaker market conditions.
Coal law could benefit SA exporters
Draft legislation in Indonesia could prove very profitable for South African coal exporters seeking to export lower quality coal to India and China.
Rockwell trims fundraising target
Rockwell Diamonds has scaled down its plans to raise C$35.3m in new funds, opting to aim for $20m instead.
Gold poised for more gains
The price of gold hovered below its record high, on course for a 12th straight day of gains as global jitters fuel safe haven buying.
Gold Fields resumes Beatrix operations
Gold Fields has resumed operations at the No.3 shaft of its Beatrix mine, says a company spokesperson.
Eastplats disappoints yet again
Eastern Platinum has just reported its third consecutive quarter of falling production, which explains the slump in the share price so far this year.
China cool on ‘expensive’ SA coal
The price of importing South African coal into China has fallen to be nearly on par with Chinese domestic rates, but buyers are not biting, industry players say.
IFM set to turn corner
International Ferro Metals remains on track to lower its cost base as it prepares to cash in on an expected increase in demand for stainless steel.
Uranium find in India could be world’s largest
A huge deposit of uranium India has found in a southern state may turn out to be among the biggest reserves of the mineral in the world.