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Genorah to keep Nkwe stake

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Nkwe Platinum says the equity stake of its major shareholder, Genorah Resources, is safe following the lapse of a security lending agreement.

Anglo seeks new CEO as Carroll goes

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Anglo American chairman John Parker will start a process to recruit a successor for CEO Cynthina Carroll.

Talks on platinum forum lose momentum

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Negotiatons on the establishment of a central bargaining platform for the platinum sector is losing momentum, says a union official, while Amcu refuses to return to talks.

Unions push for coal sector wage talks

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Employees in the coal sector may soon stand to benefit from wage increases based on job grade adjustments, similar to those afforded to striking workers in the gold sector.

Harmony says Kusasalethu strike nears end

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Further evidence that the wildcat strikes that dogged South Africa’s mining sector are winding up with Harmony saying its Kusasalethu mine had a good turnout this morning.

DRDGold kicks off new era, aided by rand

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A lift in recoveries and rand weakness from the strike contagion helped DRDGold to a 51% operating profit gain in the September quarter.

Amplats slashes capex further

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Anglo American Platinum has further reduced its planned capital expenditure for 2012 and expects unit costs to outstrip most of its margins.

Questions, fears over Eskom’s 16% increases

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Eskom’s proposed 16% power tariff increases will shrink South Africa’s industrial base and cull jobs, warns the Energy Intensive User Group.

AngloGold counts cost of strikes, Obuasi troubles

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Third quarter production would come in at 1.03 million ounces, well below guidance and raising the likelihood of more profound output losses and higher cash costs for the year.

Lonmin refutes collusion prior to shootings

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Lonmin has defended director Cyril Ramaphosa, who was placed at the centre of potentially controversial e-mails only 24 hours prior to the shootings of Marikana miners in August.