Sibanye confirms Cooke 4 may restructure
Sibanye Gold hoped to avoid large scale retrenchments at its Cooke 4 shaft as it had avoided significant losses when restructuring at Beatrix West in 2013.
Sibanye may cut 2,500 jobs at Cooke
Unconfirmed speculation is that Sibanye Gold will start restructuring efforts at its newly acquired Cooke operation situated west of Johannesburg.
Petmin up as market shakes off write-downs
Petmin's Somkhele anthracite and thermal coal operation lifted volumes and helped stave off lower prices, but elsewhere write-downs continue to dog the firm.
AngloGold to raise $2.1bn, float NewCo
AngloGold Ashanti is to raise $2.1bn in a rights issue and the partially demerge its international assets leaving a local company free to invest in other commodities.
Trans Hex hails market “momentum”
Trans Hex said sales from the first three tenders of this year were up a fifth on owing to positive momentum in the rough diamond market.
CCMA could have ended platinum strike sooner
The five-and-a-half-month strike in South Africa's platinum sector could have been ended months earlier, said Jan de Lange writing in Rapport.
Implats suspends Rustenburg after fatalities
Impala Platinum put the brakes on the ramp-up of its Rustenburg mine after four fatalities in four separate accidents underpinned the perils of significant downtime.
ARM iron ore to post lower profits in future
African Rainbow Minerals said the iron ore division would return lower profits than usual but added that downward pressure on the price would be relieved.
Motsepe may consider platinum bid
Patrice Motsepe, chairman of African Rainbow Minerals, said a bid for platinum assets to be sold by Amplats could be considered in "a totally separate vehicle".
Master Drilling watchful of Pt restructure
Master Drilling lifted its exposure to the South African mining industry in the first six months of this year and may do so further if platinum restructuring occurs.