RBPlat ‘cautiously optimistic’ on wage deal
Royal Bafokeng Platinum hoped to conclude a new wage deal with the NUM, and analysts agree it is likely to push through an agreement without mishap.
Platinum firms “far apart” from AMCU on wages
Wage talks between AMCU and South Africa's platinum producers ended in failure today with the parties declaring themselves far apart.
Glencore would kick tyres at Total Coal SA
Ivan Glasenberg, CEO of Glencore Xstrata, said the group would look at possible assets, but he stepped back from speculation BHP was selling its SA coal mines.
RBPlat taps market for R1.5bn Styldrift funds
Royal Bafokeng Platinum hopes to raise R900m in a rights issue but will first seek R600m in a book-build in an effort to fund R1.5bn of its R11bn Styldrift project.
Petmin seeks NAIC float, unbundling
Mid-tier mining firm, Petmin, says it will float its pig iron development firm as it focuses on its cash-generating coal assets.
AMCU quandry echoes UK coal union finale
The coal miners strike in the UK during the Eighties spelled the end of the union movement in that sector, a high stakes event that has historic relevance for AMCU.
Holland in race against time at South Deep
One view about Gold Fields' Nick Holland is that if the SEC investigation doesn't get him, South Deep will - with the latter the more short-term threat to his tenure.
Africa must grasp $170bn/yr mines outlay
The propeller heads at McKinsey&Co think Africa could bring 540 million people out of poverty by responding properly to $170bn a year in mining investment.
Platinum impervious to strike … for now
The platinum price may well respond if a strike at South Africa's producers were to continue for another month, said Impala Platinum's Derek Engelbrecht.
Implats passes dividend as screw tightens
Impala Platinum held the interim dividend has cash fell and net debt rose and as the undoubted pressure of a five week strike at Rustenburg began to tell.