Harmony Gold to lose COO, Alwyn Pretorius
The resignation of Alwyn Pretorius comes only weeks after Graham Briggs, CEO of Harmony, said he intended to retire - and raises questions about the firm's future.
Traders find way to kick gold while it’s down
Data last week from China showed gold holdings had risen but there was cause in this to trade negatively on the yellow metal.
Ramatlhodi implores sector to save jobs
Mines minister, Ngoako Ramatlhodi, said at a two-day emergency meeting that he would implore the mining sector to find new ways of limiting retrenchments.
New Mining Charter in 2016, sanctions raised
The SA government would have a new charter ready by March 2016 and would lift sanctions for non-compliance to 10% of income from current R500,000 charter.
Glencore, Eskom lock horns over failing Optimum
Glencore said it would place the Optimum Coal Holdings, which controls the 5.5 million tonne/year Eskom mine, into business rescue as coal price talks fail.
RBPlat puts brakes on R10bn Styldrift venture
Platinum company also said operational problems, load-shedding and safety stoppages contributed to a dismal first half of the financial year.
Sibanye targets month-end for Amplats outcome
Neal Froneman, CEO of Sibanye Gold, said the company was "committed to doing something with Amplats" but he was unsure what the outcome would be.
Metal price slump hurts Zimplats
Zimplats produced lower volumes in a weaker market which resulted in a 41% June quarter profit slide at the Impala Platinum subsidiary.
AMSA to ask Kumba to lower iron ore price
ArcelorMittal South Africa said it wanted to get Kumba at the negotiating table to discuss a lower price for the 6.5 million tonnes it buys in iron ore.
Northam agrees 13% wage lift at Zondereinde
Northam Platinum grants NUM members a 13% lift to basic wages and allowances in year one at its Zondereinde mine where labour relations have been volatile.