Glencore resolves to cut up to 700 at Optimum
Glencore said between 600 to 700 workers would be retrenched at Optimum Coal
Mines although Eskom's Hendrina power station would still be supplied.
Bokoni Mines on knife-edge as R422m deal fails
The failure to supply R422m to Atlatsa Resources' Bokoni Mines had put the sustainability of the company at risk and triggered urgent refinancing discussions.
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.
Zambia minerals policy stirs investor fear
Zambia is the latest of southern Africa's mining giants to set down beneficiation plans
at a time when prices, policy and power worry investment prospects.
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.
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?
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.
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.