Gold miners reject pay offer – report
UPDATED: Striking gold miners have rejected the industry’s latest wage offer,
reports news agency Reuters.
New wage offer comes with ultimatum
Employers in the gold mining sector have tabled new wage hike proposals, but the
offer is conditional on all striking employees returning to work by Thursday evening.
Two SA gold shares making hay as rand slips
Gold companies lucky enough to have avoided strike action sweeping the sector have
found the weakening in the rand somewhat helpful to operating cash flows.
Project slippage a global phenomena: Accenture
Capital project budget and scheduling slippages are extremely common globally, said
Accenture, adding that South Africa’s Eskom was "not alone' in its implementation
challenges.
Kumba strike hits ore supplies to Amsa
Kumba Iron Ore has suspended deliveries to its main domestic customer,
ArcelorMittal SA, due to the ongoing strike at the group’s Sishen mine in the
Northern Cape.
Gold One likely to delay Hong Kong listing
Gold One International, which on Tuesday dismissed 1,435 striking workers, is likely
to push back its proposed listing on the Hong Kong Stock Exchange.
Pan African Resources bucks the trend
Over the last 12 months the gold index has shrunk about 13%, but Pan African
Resources, run by former Harmony Gold manager Jan Nelson, has moved the other
way, gaining about 61%.
Can Mpumalanga’s mining and farming co-exist?
Mpumalanga needs both agriculture and mining to realise exponential economic
growth to meet its 2020 job targets, but the two sectors simply cannot co-exist.
NUM numbers 13% at Implats Rustenburg
UPDATED: The National Union of Mineworkers represents 13% of workers at Impala
Platinum in Rustenburg, according to a company letter (copy of letter included).
Stuart ‘King Rat’ Murray quits Aquarius Pt
Stuart Murray has resigned from Aquarius Platinum, the company he grew with
aplomb until the market turned down, savaging eleven years of work.