Time to temper gold’s bearish prospects?
Gold has had a meat hammer taken to it, but perhaps the time has come to acknowledge that while the outlook must be bearish, the metal has been oversold.
Hitachi claims Medupi contract on schedule
Hitachi Power Africa said its portion of work on Medupi's first unit was 97% complete and it was likely to complete the boiler by December as first scheduled.
Lonmin confirms NUM, AMCU conflict in court
The rivalry between the NUM and AMCU over which has dominance at Lonmin has moved to the courts with fraudulent stop-orders forming the focus of the dispute.
Eskom faces Medupi cost surge as project delayed
Eskom's Medupi power station was likely to be delayed six months following labour and contractual delays sending the project's capital cost up 15% to R105bn.
Amplats strike underpins AMCU dissidence
A illegal strike at two Amplats mines echoes an apparently entrenched dissidence in the Association of Mineworkers & Construction Union.
De Beers settles 9% wage increase
De Beers said it had averted strike action at its mines following a 9% wage increase agreement with the National Union of Mineworkers.
ARM delivers business over politics message
A decision to build a ferromanganese smelter in Malaysia may run counter to the South African government's beneficiation stategy, but it makes good business sense.
Failure at Burnstone will ruin Wits Gold: Kotze
The stakes couldn't be higher for Philip Kotze, CEO of Wits Gold, who said a R72m bid for Burnstone was the first steps to generate cash for shareholders.
Mathunjwa decries union business links
The Association of Mineworkers & Construction Union (AMCU) said it did not want unions with business links near where it was operating.
Gold firms take scalpel to head office costs
Hundreds for management jobs in South Africa's gold mining sector have been cut in the second quarter as prospects dim.