Amcu flexes muscle as Lonmin strike ends
The likely end of a strike at Lonmin's Marikana mine underpins the influence of Amcu among the mine's workers after its president urged a return to work earlier.
Village pulls plug on Buffelsfontein, finally
Village Main Reef said it would stop production at the historic North West province mine Buffelsfontein, a move no doubt informed by the $200/oz decline in gold.
Lonmin lifts output target to over 700k oz
Lonmin provided further evidence it was in recovery mode producing strong operating results, but it said wage talks remained challenging.
AngloGold’s Venkat sets out stall in strong debut
AngloGold Ashanti CEO, Venkat, sought to impose his own style of leadership at the group saying profits would not be sacrified for production growth.
Glencore Xstrata ups copper from Africa
Glencore Xstrata said first quarter copper output increased 18% year-on-year owing to a significant boost from African production.
Unions absent from Amplats’ jobs revision
Anglo American Platinum (Amplats) said it would retrench up to 8,000 less jobs than first proposed, but the consultation process did not have union participation.
Headwinds put Gold Fields on back foot
Gold Fields was in capital preservation mode as it cut exploration expenditure and suffered the effects of lower March quarter gold output at nearly all its operations.
Gigaba urges SA to mull coal-fired power
SA should consider building a third, coal-fired power station as progress in building nuclear capacity was slow, said public enteprises minister, Malusi Gigaba.
Petra to scale back, close fissure mines
UK-listed diamond group, Petra Diamonds, is to scale back two mines and close a
third after failing to reach agreement on selling the operations.
AngloGold picks Venkat as restructure beckons
Srinivasan Venkatakrishnan has been appointed CEO of AngloGold Ashanti amid
huge pressure on company margins that analysts say will inevitably lead to a group
restructure.