SA gold wage deal was bitter-sweet: Venkat
Srinivasan Venkatakrishnan, CEO of AngloGold Ashanti, said the recent gold wage settlement was not what the industry wanted, but it had upside as well.
Shanduka swears committment to Incwala
Shanduka said it remained committed to its investment in Incwala Resources through which it has a 9% investment in debt-laden platinum miner, Lomin
Platinum mines may run short of water in 2016
Consulting engineering company, SRK, raised the risk that South Africa's platinum firms may start to run short of water next year if the country's drought persisted.
Finger of blame for market crisis falls on CEOs
Investors said the current problems in the metals market were almost exclusively down to ill-judged capital allocation by poorly regulated executives.
Harmony to zap R2.7bn debt pile in two years
Harmony Gold hopes to be debt-free when it sets about funding its Golpu project in about two years time.
Shanduka to abandon 9% Lonmin stake
Lonmin's BEE partner Shanduka said it will walk away from its stake in the company, which is held through Incwala Resources.
Randgold “still scrambling” at Obuasi
Randgold Resources CEO, Mark Bristow, said it was impossible yet to call whether the UK firm would take on the joint recapitalisation of AngloGold's Obuasi.
AngloGold ordered to reinstate 579 AMCU workers
AngloGold is studying its options after the Labour Court said it should reinstate more than 500 workers unfairly dismissed at its Moab Khotsong mine.
Lonmin rights offer a folly, say analysts
In the absence of its ambitious platinum price forecast materialising, Lonmin's $400m rights offer may just lead to further, more serious, turmoil in the future.
Glencore $25bn debt target draws cautious praise
Analysts welcomed Glencore's target of $25bn in net debt by year-end, but they said progress had to be underpinned by sustained operational cash flows.