Aquarius Pt sells non-core assets for R755m
Aquarius Platinum has bolstered its balance sheet selling non-core assets that include the once mighty R1.3bn Blue Ridge project and the $700m Sheba's Ridge prospect.
AMCU to mull ‘journey’ offer to R12,500/m
AMCU will ask members to consider a revised three-year wage offer from platinum producers that proposes a 9% increase for entry-level workers in the first year.
MPRDA to be endorsed in Feb., says Shabangu
Amendments to the MPRDA would be ratified by the national assembly from February, said mines minister Susan Shabangu.
ContiCoal dismantles board in A$5m rescue
A UK merchant bank, Empire Equity, will provide bridging finance and assist with a A$28m rights offer but the coal firm's executive team will be dismantled.
Zimbabwe tax foment troubles Aquarius Pt
Jean Nel, CEO of Aquarius Platinum, said regulatory uncertainty in Zimbabwe was making it hard to budget and plan the firm's crucial Mimosa operation.
JSE may lure foreign miners, equity issues
The Johannesburg Stock Exchange may attract foreign miners seeking capital of between $100m to $250m, said Standard Bank's top miner, Rajat Kohli.
Gold Fields refutes claim over St. Ives
Gold Fields has been dragged into proceedings in Western Australia in which the Ngadju people are claiming access to tenements held by its St. Ives subsidiary.
AMCU, bosses differ on wage talk progress
South Africa's platinum bosses said wage talks were off to "a constructive start", but AMCU was downbeat in its appraisal of the three-day process.
Rand slide gives twist to AMCU wage talks
The rand slide was on more long-term factors than the wage strike in the platinum sector, but will nonetheless have short-term effects, especially on wage talks.
AMCU strike off to strong, peaceful start
Skirmishes were kept to a minimum on the first day of strike across South Africa's platinum industry with low turnouts reported.