Lonmin seals recognition pact with AMCU
Lonmin has signed a recognition agreement with AMCU which confirms its status as the dominant union in South Africa's troubled platinum sector.
Harmony confirms Golpu to be repositioned
The Wafi-Golpu project would be smaller and expandable as Harmony Gold joined in the austerity push currently being undertaken by the world's gold mining industry.
Sibanye declares turnaround strategy intact
Sibanye Gold has targeted 1.35 million ounces in annual gold production and says it is starting to see a turnaround in mines previously earmarked for harvesting.
CoM to pop wage dispute with profit share
The Chamber of Mines has now lifted its basic pay offer 1.5% to 5.5% for gold industry members to which it has added a profit share mechanism.
Swanepoel quits VMR role in group shake-up
Bernard Swanepoel will be replaced by Ferdi Dippenaar as CEO of Village Main Reef in a personnel shake-up that also sees two other directors quit the firm.
RBPlat weighs cut in R11.4bn Styldrift capital
Royal Bafokeng Platinum said it may not build its own concentrator which could see it reduce the capital demands on the R11.4bn Styldrift project.
Aquarius Pt eyes own cash for $300m bond
Aquarius Platinum said it was giving thought to using internally generated cash in order to at least part settle or refinance a $300m corporate bond due in 2015.
Gold CEOs call on unions to help repair relations
Two of South Africa's most prominent gold mining CEOs have called on unions to repair their fractious relationship described by one as the broken 'circle of trust'.
AngloGold cuts dividend in $482m savings drive
AngloGold Ashanti said it would cut the second quarter dividend as it slashed corporate, exploration and capital costs amid a 25% gold price dive.
Randgold ‘revisit’ to net debt will be brief: Bristow
But bringing Kibali into production was the key task of Randgold Resources for the remainder of the financial year as analysts fretted over the firm's balance sheet.