Anglogold judged least vulnerable in wage talks
The sale of AngloGold's Cripple Creek & Victor gives the firm breathing space and strengthens its bargaining position as wage talks with SA unions kick off.
What’s the bother with SA junior mining?
Exploration and development companies in South Africa have trodden a familiar path from investor scepticism to bankrupty. Why is this, and can it be changed?
Exxaro raises red flag on covenants, dividends
Exxaro Resources said lower income from its 19% stake in Kumba Iron Ore would hurt its ability to meet its debt covenants and pay dividends.
‘Sordid circle’ delivers R56.5m blow to Keaton
Keaton Energy said collusion between employees at a mine in KwaZulu-Natal cost the firm R25m in coal sales and resulted in a R56.5m impairment.
Miner health ‘a baby monster’ needing reform
Legislation that deals with the compensation of ill mineworkers is inadequate and urgently needs reform, South Africa's Parliament has heard.
Eskom tariff hike the ‘tipping point’ for SA mining
South Africa's Chamber of Mines has called on the country's government to mull a traditional recapitalisation as another tariff hike was a tipping point for the sector.
Amplats to cut 420 managerial jobs as market bites
The consolidation of Anglo American Platinum's operations, and a deteriorating platinum market, has meant some 420 jobs are surplus to requirements.
Molefe keen on scrapping cost plus coal mines
One of the changes Eskom acting CEO, Brian Molefe, would implement is to scrap the cost plus coal mine in favour of putting coal supply to Eskom out to tender.
SEC recommends no action against Gold Fields
The US Securities Exchange Commission has recommended no action be taken against Gold Fields for a R2.1bn, South Deep BEE deal.
Legal hitch confounds DMR, CoM court bid
A joint court application by the Chamber of Mines and the SA government seeking clarity on BEE deals has been ditched as it didn't meet legal muster.