Platinum firms dangle R1,000/m basic pay lift
Implats has offered a R1,000 per month pay increase taking the basic pay lift over five years to 18% but keeping other benefits in line with inflation.
Gold Fields takes $26m stake in Hummingbird
Ian Cockerill, chairman of Hummingbird Resources, is to take Gold Fields on as a 26% shareholder following a deal to buy the gold major's Yanfolila gold project.
AMCU to take increased wage offer to members
AMCU has agreed to take an increased offer by platinum producers to members today in a development that Impala Platinum said had left it "quietly optimistic".
Wage deal in the mix as AMCU mulls response
Reports say AMCU members are mixed on whether to accept or reject a platinum wage deal leaving a strike resolution frustratingly elusive.
Petmin to pay special dividend on NAIC exit
Petmin is to unbundle shares worth 50c per unit in terms of earlier laid plans to extract itself from a 40% stake in pig iron prospect North Atlantic Iron Corp.
Mwana to pump $26.5m into Bindura restart
UK-listed Zimbabwean mining firm Mwana Africa is to spend $26.5m restarting its Bindura Nickel facility of which half would be debt-financed.
Platinum stirs, but analysts fear false dawn
Platinum improved $30/oz, but analysts said there was not enough evidence the strike had depleted above ground stocks to signal a shift in the metal's fortunes.
Housing subsidy key to ending strike: Govt.
South African mines minister, Ngoako Ramatlhodi, said wage talks had progressed with the sides sticking on two basic points of which one was housing subsidies.
Kalagadi’s Mashile-Nkosi lays into IDC
Kalagadi Manganese chairperson, Daphne Mashile-Nkosi, has accused the IDC of behaving "like a loan shark" after R1bn in loan debt almost doubled after interest.
Platinum strike goes on as Govt talks fail
The Inter-Governmental Task Team has been dissolved without finding a way to end a 20-week strike over wages in South Africa's platinum industry.