PTM, Africa Wide in BEE dilution dispute
Platinum Group Metals said it was in arbitration over the extent of dilution of its BEE partner, Africa Wide, and that it was still to secure $195m in loan finance.
NUM to give talks a chance at BHP mines
The National Union of Mineworkers said that it would give negotiations a chance in solving a dispute at BHP Billiton's coal mines on disciplinary procedures.
SA springs surprise reverse on Aquila claim
South Africa's mineral resources department has surprised Australian firm Aquila Resources by offering to listen to its mining right claim rather than go to court.
NUM scorns Northam’s ‘expensive public posture’
Tensions between the NUM and Northam have worsened after the union gave scant regard to an open letter spelling out the effects of a strike at Zondereinde.
Northam takes impasse public in open letter
Northam Platinum has published a notice in City Press calling on the National Union of Mineworkers to help it save the company amid a three-week strike over wages.
Mines safety bill lifts CEO, financial risk
Proposed amendments to the Mines Health & Safety Act are raising the hackles with the mines minister getting discretional powers that raise the risks for miners.
Trans Hex banks on R73m/year cashflow
Trans Hex's three year pursuit of Namaqualand Mines may just have been worth waiting for on the evidence of its financial forecasts published today.
Holland declares he’s right man for Gold Fields
Nick Holland, CEO of Gold Fields, said he did not intend going anywhere and that the group would pay a dividend and that South Deep would deliver.
Northam will withstand prolonged NUM strike
Revenue losses from the strike at Northam's Zondereinde mine now were at R200m, but the firm was robust enough to withstand a prolonged strike.
Gold Fields in flux despite return to profit
Gold Fields clawed itself to profit in the September quarter, but the group is selling assets, closing others, and awaits the outcome of the SEC investigation.