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Metal workers union calls for strike

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The National Union of Metalworkers of South Africa has announced a country-wide strike that could see more than 300,000 workers down tools.

Union, gold firms resume wage talks

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The National Union of Mineworkers hopes to secure a 14% pay increase when it meets gold mining industry representatives in further salary talks, says a senior official.

Carroll hits out over taxes, nationalisation

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Governments in mineral-rich countries must steer clear of the "blind alleys" of nationalisation and excessive tax if they want to attract continued investment from global miners, says Anglo American CEO Cynthia Carroll.

Mantra eyes uranium mine inside Unesco site

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Mantra Resources plans to build a $400m uranium mine inside a world heritage game reserve in Tanzania within the next three years, says a cabinet minister.

SA gold output falls

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Gold output during the first quarter of this year has fallen 9.3% compared to the fourth quarter of 2010, says the Chamber of Mines.

Vale boosts Moatize coal output target

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Brazilian mining giant Vale has raised its initial production target for the Moatize mine in Mozambique by 76% and expects to quadruple that result in 2012.

MIC portfolio shows strong growth

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The Mineworkers Investment Company has grown its investment portfolion from R1.2bn to R2.2bn during its past financial year.

Wescoal clobbered by write-offs

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Wescoal lost R43.7m in the year to March as it took a string of write-offs and impairment charges in its accounts.

Shanduka finds a new suitor

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Shanduka Resources' dumping of Sentula has coincided with an announcement by ASX-listed Continental Coal over a "landmark" empowerment transaction.

First Quantum to repay $224m to Zambian fiscus

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First Quantum Minerals has agreed to pay Zambia $224m in tax arrears by Friday, says a senior government official.