Aquarius’ Nel proposes cash for shares salary
Jean Nel, CEO of Aquarius Platinum, has proposed receiving shares over cash while the board wants non-executive directors to take a 10% haircut on their fees.
Sibanye pays dividend despite strike risk
Sibanye Gold made good on promises to return cash, but the risk of an unprotected strike at its Driefontein mine has increased after AMCU turned down an 8% offer.
Gold Fields acknowledges SEC probe
Gold Fields acknowledged that the US Securities Exchange Commission was to investigate the group's South Deep empowerment transaction.
GlencoreXstrata to seek Johannesburg listing
GlencoreXstrata, the £42.4bn mining giant, is to seek a secondary listing on the JSE as it viewed Africa as an important market and SA investors as 'influential'.
Petmin delists from AIM, takes write-down
Petmin's anthracite mine, Somkhele, performed well in the second half, but it had disappointing news on its pig iron endeavours, while its UK listing would be ended.
Mwana cites need for ‘specialist’ Wellesley-Wood
Mwana Africa defended the appointment of Mark Wellesley-Wood as its chairperson saying he had market, operational and financial experience.
AMCU members give Mathunjwa strike mandate
There's trouble on the horizon as Association of Mineworkers & Construction Union (AMCU) members give leader Joseph Mathunjwa a mandate to call a strike.
NUM strike is drawing to close, say reports
Reports continue to suggest the NUM is calling an end to a gold industry strike after a pay offer of about 8% is being discussed.
CoM confirms NUM pondering 8% wage offer
The Chamber of Mines said the union was weighing an offer but plans for a profit share system had been rejected.
Sibanye’s Kloof resumes mining, talks continue
Operations at Sibanye Gold had returned to 80% of planned capacity after workers at Kloof resumed production amid signs of a wage entente with unions.