New Mining Charter in 2016, sanctions raised
The SA government would have a new charter ready by March 2016 and would lift sanctions for non-compliance to 10% of income from current R500,000 charter.
Traders find way to kick gold while it’s down
Data last week from China showed gold holdings had risen but there was cause in this to trade negatively on the yellow metal.
Glencore, Eskom lock horns over failing Optimum
Glencore said it would place the Optimum Coal Holdings, which controls the 5.5 million tonne/year Eskom mine, into business rescue as coal price talks fail.
RBPlat puts brakes on R10bn Styldrift venture
Platinum company also said operational problems, load-shedding and safety stoppages contributed to a dismal first half of the financial year.
Sibanye targets month-end for Amplats outcome
Neal Froneman, CEO of Sibanye Gold, said the company was "committed to doing something with Amplats" but he was unsure what the outcome would be.
Metal price slump hurts Zimplats
Zimplats produced lower volumes in a weaker market which resulted in a 41% June quarter profit slide at the Impala Platinum subsidiary.
AMSA to ask Kumba to lower iron ore price
ArcelorMittal South Africa said it wanted to get Kumba at the negotiating table to discuss a lower price for the 6.5 million tonnes it buys in iron ore.
Cutifani lights touch paper on SA failings
Anglo American's Mark Cutifani issued his sternest warning yet that policy uncertainty and labour strife would toll the end of the South African mining sector.
Major platinum cuts unlikely, says Griffith
Anglo American Platinum CEO, Chris Griffith, said major restructuring in the South African platinum sector was unlikely "at these levels".
Northam agrees 13% wage lift at Zondereinde
Northam Platinum grants NUM members a 13% lift to basic wages and allowances in year one at its Zondereinde mine where labour relations have been volatile.