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Indian firms rescue SA coal juniors

Both Homeland Energy and South African Coal Mining Holdings are being rescued financially by their new, controlling Indian shareholders.

Anglo sells Aussie coal assets for $500m

Resources giant Anglo American has agreed to sell its interests in five underdeveloped coal assets in Australia for about $500m.

Rio Tinto completes Alcan Packaging divestment

Resources giant Rio Tinto has wrapped up the divestment of its Alcan Packaging business with the completion of sales of its two outstanding assets.

Shanduka workers down tools

Hundreds of workers at Shanduka Resources' coal mines have downed tools claiming the company had to centralise its bargaining in order to harmonise working conditions at all collieries.

AngloPlat still out in the cold

Anglo Platinum has still not converted any of its old order mining rights into new order mining rights more than two years after Anglo American CEO Cynthia Carroll reckoned the situation was sorted.

Miners agree to cut ferrochrome price

Ferrochrome producers in South Africa, the world's largest producer, have agreed to a 4% fall in the third quarter contract settlement price, Merafe Resources says.

Shiva Uranium wastes no time cutting jobs

Shiva Uranium, who took over Uranium One's Dominium Reefs Mine, has wasted no time cutting jobs at the mine despite promising the Competition Commission that no job losses would result from the takeover.

Aquarius implements safety review at Blue Ridge

Aquarius Platinum has undertaken a critical and comprehensive review of the mine plan and safety procedures and practices at the Blue Ridge Platinum Mine in Mpumalanga following two fatal accidents that occurred at the mine in the past month.

Rio not majorly affected by Zim diamond ban

Global miner Rio Tinto says it has not suffered significant loss from Zimbabwe's ban on diamond exports and the interuptions to shipments from the country are limited.

Eskom to hold briefing on wage negotiations

Power utility Eskom will hold a briefing on wage negotiations with the National Union of Mineworkers and the National Union of Metalworkers of SA as the unions confirmed strike notices.