SA gold wage talks kicked off by NUM
The Chamber of Mines declines to confirm speculation NUM wants a 60% increase in gold miner wages but says the union has made its first position known.
Don’t panic, it’s just the mining cycle
There's a lot of long faces in the mining industry, but shouldn't we expect spending cuts and plummeting stock prices? This is after all, a fundamentally cyclical market.
Metmar through the worst of volatile market
Metmar CEO, David Ellwood, believes the metals trading company is through the worst of a difficult market in which he acknowledges his firm was too defensive.
Rockwell says Wouterspan mine economic
Rockwell Diamonds said a preliminary study of its Wouterspan mine which it is hoping to take out of mothballs was economic and would cost $45m to build.
SA shares choked as gold may test $1,300/oz
Problems with "SA Inc", and gold price weakness, turned the heat up again on the country's gold shares which continued to slide.
Amcu, NUM distanced from Lonmin strike
Lonmin said the wildcat strike that broke out at its Marikana mine yesterday was ad hoc and unsupported by any of the main unions.
Amcu flexes muscle as Lonmin strike ends
The likely end of a strike at Lonmin's Marikana mine underpins the influence of Amcu among the mine's workers after its president urged a return to work earlier.
Village pulls plug on Buffelsfontein, finally
Village Main Reef said it would stop production at the historic North West province mine Buffelsfontein, a move no doubt informed by the $200/oz decline in gold.
Lonmin lifts output target to over 700k oz
Lonmin provided further evidence it was in recovery mode producing strong operating results, but it said wage talks remained challenging.
AngloGold’s Venkat sets out stall in strong debut
AngloGold Ashanti CEO, Venkat, sought to impose his own style of leadership at the group saying profits would not be sacrified for production growth.