Unions absent from Amplats’ jobs revision
Anglo American Platinum (Amplats) said it would retrench up to 8,000 less jobs than first proposed, but the consultation process did not have union participation.
Petra to scale back, close fissure mines
UK-listed diamond group, Petra Diamonds, is to scale back two mines and close a
third after failing to reach agreement on selling the operations.
Gigaba urges SA to mull coal-fired power
SA should consider building a third, coal-fired power station as progress in building nuclear capacity was slow, said public enteprises minister, Malusi Gigaba.
AngloGold picks Venkat as restructure beckons
Srinivasan Venkatakrishnan has been appointed CEO of AngloGold Ashanti amid
huge pressure on company margins that analysts say will inevitably lead to a group
restructure.
Congo army said to be smuggling gold
Congolese army officials were allegedly smuggling gold through Burundi to Dubai,
according to a report by Global Witness.
Sibanye lights up subdued SA gold sector
Sibanye Gold's cash generating ability heightened the prospect of a dividend, and
shed light on a be-dimmed gold sector pressured by a falling gold price.
Pan African’s R1.5bn Evander bet is safe
Evander Gold Mines would flourish at R100,000 per kilogram, says Ron Holding,
joint CEO of Pan African Resources which bought the asset in February for R1.5bn.
Keaton boosts 2013 thermal coal output
Keaton Energy said production at its flagship Vanggatfontein colliery improved 58%
in its 2013 financial year, a period characterised by strikes and power supply
problems.
Davis appoints Goldman Sachs
Mick Davis has appointed Goldman Sachs to assist him in creating a private equity
company, according to report in the Sunday Times.
SA carbon tax baffles critics who look to EU
The National Treasury's second policy paper on carbon taxes comes at a time when
the European governments are relenting on taxes in order to stimulate their
economies.