SA gold firms ‘close to the wire’
Even without factoring in the effects of wage increases, the South African gold industry was teetering on the edge and would be burning cash after capital spend.
Aquarius Pt, Amplats extend Kroondal deal
Aquarius Platinum and Anglo American Platinum extend a pool and share agreement on the Kroondal mine providing an extra three years of life to Kroondal.
Aquarius Pt deals yield much needed light
Aquarius Platinum significantly de-risked about half of its platinum production in two deals today that yield much-needed light for an industry mired in misery.
Motlanthe hails spirit of union camaraderie
Deputy president Kgalema Motlanthe said there was a spirit of camaraderie among rival unions at a recent summit meeting aimed at installing mine peace and stability.
Labour pact just a pre-election palliative?
The labour, union and government pact that AMCU may or may not sign has been dismissed as a short-term, pre-election palliative by its critics.
AMCU serves demands on bad day for golds
The Associated Mineworkers & Construction Union issued gold wage demands on a day in which gold shares endured another tough day on the bourses.
Wescoal domestic coal plan yields dividend
Wescoal Holdings signalled its confidence in its domestic coal supply strategy paying a maiden dividend and saying it was seeking more acquisitions.
Rand lends limited cover to coal stocks
The rand hasn't provided much of an uplift to coal stocks but there are South African companies that are lifting themselves up by their own shoe-strings.
Brown may nail colours to R4bn CoAL plan
Coal of Africa this week published plans for a R4bn coking coal project, a development that entice a long-term commitment from interim CEO, David Brown.
Venkat bullish on deal with labour, Govt
AngloGold Ashanti CEO, Srinivasan Venkatakrishnan, expressed optimism that South Africa would solve the labour protest and violence at its mines.