Motlanthe rails against migrant labour
Deputy president Kgalema Motlanthe has urged mining companies to allow migrant
workers to return to home more frequently.
Xstrata turns screws on Lonmin in takeover effort
In an extraordinary exchange, Lonmin has rejected the calls from its shareholder to
a reverse takeover and the resignation of its Board.
Shareholder advisories split on Glenstrata
Shareholder advisory services are divided on whether investors should support the
$33bn merger between Glencore and Xstrata that goes to the vote on November 20.
CEOs walk the plank as tide turns against miners
Competition to please investors exacerbates the mining cycle and means the CEOs of
the world’s largest miners face an in-built obsolescence.
AngloGold cuts capex, launches projects review
AngloGold Ashanti would conduct a two to four-month review of its South African and
African projects amid a credit downgrade and lost production.
BHP begins hunt for Kloppers succession
BHP Billiton is reported by the Financial Times to be starting early in efforts to find a
successor for its CEO, Marius Kloppers.
Harmony lands solid profit despite R325m strike hit
Harmony Gold estimated a strike at its Kusasalethu mine carried a total opportunity
cost of R325m, but nonetheless produced impressive September quarter figures.
Bristow sympathetic to Congo code revamp
Mark Bristow, CEO of Randgold Resources, said he was in sympathy with the efforts
of the Democratic Republic of Congo and other African countries to give themselves
a larger slice of profits.
Marikana tragedy dubbed a “massive policy failure”
Lonmin’s Marikana tragedy has been described by prominent mining industry players
as a massive failure in national and local government policy, as well as corporate
failings.
SA’s mining permit slippages widen in 2012
It’s taking longer to process mining and prospecting permits in South Africa with
more deadline slippages occuring in 2012 than in 2011.