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VMR scales back in R150m Cons Murch deal

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Village Main Reef said it would sell its Consolidated Murchison gold and antimony mine for R150m as it sought to become an investment house.

Labour Court calls 3-day strike mediation

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The Labour Court is to mediate a three day meeting between AMCU and the country's largest platinum miners in an effort to end the crippling 17 week strike.

Zim warns platinum firms on smelter deadline

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Zimbabwe's government has warned platinum miners due to attend a mining indaba in the country of the need to respect a year-end deadline for a smelter.

All-male board clouds Glencore name change

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Shareholders have voted to change the group name to Glencore, but the Swiss resources firm is criticised for its failure to appoint any women to its board.

Lonmin weighs legal options to end strike

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Lonmin is considering legal options to bring a 17-week strike at its operations in the platinum belt to an end, saying the stoppage has become "dysfunctional'.

AngloGold lauded as cost cutting bears fruit

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The group's Obuasi gold mine will be restructured as part of a cost drive that had borne fruit for CEO, Srinivasan Venkatakrishnan.

Exxaro raises R1bn in bond issues

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Exxaro Resources successfully raised R480m and R520m in two bond issuances in an effort to diversify its funding base.

Implats keeps mine shut, executive pay held

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Impala Platinum said it would keep its Rustenburg mine closed until the safety of its employees wanting to return to work could be guaranteed.

SA on power alert as Eskom mulls load-shedding

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Eskom said load-shedding may become necessary unless demand was pulled back 10% with industrial users already complying.

Atlatsa lifts output 19%, benefits from rand

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Atlatsa overcame safety related work stoppages and heavy rain in the first quarter to lift production which, coupled with the weaker rand, saw its cash margin increase.