Anglo’s Cutifani sees cuts to SA support structure
Anglo American CEO, Mark Cutifani, says inflation in South Africa is high and will inevitably result in more changes to the portfolio and organisational shape.
Nelson’s Xtract buys back the farm
Jan Nelson, CEO of Xtract Resources, has returned to Mozambique's Manica gold deposit, a prospect over which he ran the rule when head of Pan African Resources.
Gold firms moot up to 13% wage lift, profit share
South African gold miners have offered employees guaranteed increases of up to 13% for entry-level workers, and profit share, in return for efficiency plans.
Eskom hike failure a wrong turn, say economists
The popular vote applauded Nersa's decision to turn down Eskom's tariff hike application, but economists wonder if it wasn't a wrong turn.
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.
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.