Lonmin heading into takeover territory
Lonmin is sailing into potentially stormy waters as it fights to stay profitable while Glencore will unbundle its 23.9% stake in the company on June 9.
Anglo targets cash over expanding Minas Rio
Anglo American is to drive cash from its Minas Rio iron ore mine rather than occupy itself with expanding an already heavily over-supplied market.
AngloGold CEO warns on SA gold mines future
The South African gold mining industry risks going the same way as the failed Obuasi mine in Ghana if a new approach to setting wages is not reached.
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
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.
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.
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.