Harmony throws down the gauntlet on pay
Harmony CEO Graham Briggs has drawn a line in the sand ahead of the upcoming gold pay negotiations warning of possible massive retrenchments
Lonmin to shed 3,500 employees in cost drive
Lonmin confirmed reports it would shed 3,500 jobs on a voluntary basis in an effort to slash 10% of its overheads amid a sluggish platinum price.
SA to align BEE mining laws with DTI codes
Mines minister, Ngoako Ramatlhodi, said efforts will be made to align the mining charter with the BEE codes of the Department of Trade & Industry.
Gold Fields looks to better days after Q1 loss
Gold Fields kicked off the first three months of its financial year with losses - an outcome the market disliked with the firm's shares 8% weaker in early trade.
Holland blames wage pressure on platinum deal
Nick Holland, CEO of Gold Fields, said the platinum wage deal last year was "the pressure point" affecting this year's gold and coal wage negotiations.
BHP demerger wins 98% shareholder support
Shareholders easily passed the resolution that creates South32, an event that BHP chairman, Jac Nasser, described as 'neutral' in terms of market timing.
Caledonia Mining striving for “premium rating”
By its own admission, Caledonia Mining has under-performed lately, but a $70m expansion and production stability may win it credibility with new investors.
Zim CoM warns gold miners forced to shut
Zimbabwe's Chamber of Mines warned gold miners may shut down owing to a string of difficult operating conditions including taxes, royalties and rule changing.
Sibanye sticks to 1.67m oz output target
Sibanye Gold saw a hefty 31% slide in March quarter output - and a worrying decline in its margin - but said gold production would recover throughout the year.
Keaton may hold div as project capital looms
Keaton Energy may defer payment of a maiden dividend in a move informed by market conditions and the fact it is embarking on significant capital projects.