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Kumba strike ends with multi-year deal

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Kumba has ended a strike over wages by agreeing to a multi-year deal which will increase salaries by between 7.5% to 10%.

Zisco attracts fresh takeover bids

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Zimbabwe has received five bids, including a new offer from ArcelorMittal South Africa, for the takeover of steel maker ZISCO, state media reported on Tuesday.

Lucara bids for African Diamonds

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Lundin group company Lucara Diamonds is going for full control of the AK6 mine in Botswana through a takeover bid to acquire from African Diamonds the remaining 40% it does not already own.

Tide turns on ArcelorMittal deal

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The PIC is the third institutional shareholder to express reservations about ArcelorMittal SA's R9bn BEE deal with the Ayigobi Consortium, which includes Imperial Crown Trading.

Kumba revises offer to end strike

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Kumba Iron Ore has revised its offer for a pay raise as it sought to end a strike by thousands of its workers, a National Union of Mineworkers official says.

ANCYL may open branches at mines

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The ANC Youth League is "seriously considering" opening branches at mines after the National Union of Mineworkers criticised its president Julius Malema.

Sanlam objects to ArcelorMittal deal

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Sanlam has criticised the lack of transparency in the planned deal to offer a 26% stake in AcerlorMittal South Africa to black investors.

Sam Jonah backs new iron venture

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After keeping a low profile for the past two years entrepreneur Sam Jonah has surfaced as the venture capitalist behind an innovative iron manufacturing venture involving Palabora.

DMR squanders chance to transform mining sector

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The Department of Mineral Resources has squandered a massive opportunity to transform the mining sector, KIO Advisory Services founder Duma Gqubule said.

Trading in Firestone shares halted

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The Australian group Firestone Energy, which plans to develop coal projects in SA, has requested that trading in its shares be suspended.