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.
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%.
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).
Strikes ends at Petmin’s Somkhele mine
Petmin’s Somkhele anthracite mine in KwaZulu-Natal is back in production after the
group’s mining contractor agreed to a restructuring of wage packages.
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.
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.
Under seige Amplats axes 12,000 jobs
As strike contagion spreads to its Amandelbult and Union mines, Anglo American
Platinum finally brings the axe down on 12,000 workers at its Rustenburg units.
Talks on platinum bargaining forum start
Negotiations on the establishment of a central bargaining platform for the platinum
mining sector have commenced.