Strike deal held up on surprise AMCU response
The Association of Mineworkers & Construction Union is pushing for wage concessions that extend beyond the mandate of the platinum companies.
Pallinghurst hits 3-year high as gems flourish
Pallinghurst made further value gains on the same days its 48% held Gemfields produced twice as much revenue as expected from its maiden ruby sales in Singapore.
Tharisa bullish as PGM, chrome supplies tighten
Tightening supply of chrome ore and platinum group metals would help lift Tharisa's second half assisted by the firm's optimisation drive.
Zuma puts mining ills top of national agenda
South African president Jacob Zuma threw recent mining sector ills to the top of the country's agenda calling in the private sector to help bridge social rifts.
RBPlat upbeat on wage deal with NUM
As one round of wage negotiations ends, another begins with Royal Bafokeng Platinum saying it was in positive ahead of wage talks with the National Union of Mineworkers.
Wage deal “imminent”: Mathunjwa
However some key issues remain unresolved including the length of the proposed wage deal said AMCU president, Joseph Mathunjwa.
Gold Fields takes $26m stake in Hummingbird
Ian Cockerill, chairman of Hummingbird Resources, is to take Gold Fields on as a 26% shareholder following a deal to buy the gold major's Yanfolila gold project.
Wage deal in the mix as AMCU mulls response
Reports say AMCU members are mixed on whether to accept or reject a platinum wage deal leaving a strike resolution frustratingly elusive.
Platinum firms dangle R1,000/m basic pay lift
Implats has offered a R1,000 per month pay increase taking the basic pay lift over five years to 18% but keeping other benefits in line with inflation.
AMCU to take increased wage offer to members
AMCU has agreed to take an increased offer by platinum producers to members today in a development that Impala Platinum said had left it "quietly optimistic".