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Num, Chamber to start talks on wages

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The National Union of Mineworkers is to begin official wage talks with the Chamber of Mines, with the union demanding a 14% wage increase, it says.

Gold slumps to three-week low

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Spot gold fell more than 1% as heavy losses in crude oil and other commodities prompted investors to sell gold.

Ngqula, Erwin meet up in coal sector

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Former South African Airways and Industrial Development Corporation CEO Khaya Ngqula has got his hands dirty - literally - plying his trade in the coal industry.

Karee outage hits Lonmin shares

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Lonmin’s shares have lost ground following a downward revision of the company’s production target, coupled with an upward adjustment of unit costs.

Australia releases mine tax draft

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Australia's government has released draft legislation for its controversial mining profits tax, keeping the 30% rate and says resource firms will be able to push for more changes.

Govt makes progress on Quattro quotas

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The department of mineral resources has granted entitlement to two new coal exporters under the Quattro system, with a further two slots still up for grabs.

Exxaro gets interdict to stop strike

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Exxaro has been granted a temporary interdict prohibiting workers from striking.

Chamber objects to Eskom, Transnet changes

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The Chamber of Mines says it is "deeply concerned' about the removal of Eskom’s chairperson, as well as suggestions that Transnet’s chair is also on his way out.

Pan African targets higher profit margins

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Pan African Resources will increase production from its Barberton Mines by 20% through a dump retreatment operation, and also intends improving profit margins by generating its own power.

Exxaro thwarted in Territory bid

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UPDATED: Exxaro is reviewing its position after its bid for Australian iron ore miner Territory Resources was trumped by Hong Kong's Noble Group.