NUM “doing good business’ in mining sector
The National Union of Mineworkers’ investment vehicles are not afraid to do
business with mining companies.
Gold Fields seeks margin over volumes
Gold Fields is to conduct a strategic review of all its operations, which may
result in scaling down production to chase margin over volumes.
Chamber says it seeks union peace
Meetings between the Chamber of Mines, Labour Minister Nelisiwe Oliphant and Amcu may lead to the signing of a peace agreement that could put a stop to growing labour unrest.
Amplats workers on strike
Anglo American Platinum says around 100 employees at its Thembelani Mine in
Rustenburg refused to go underground during the morning shift change on
Friday.
RBPlat employees return to work
Royal Bafokeng Platinum says its operations at the Bafokeng Rasimone Platinum Mine's north shaft have normalised, following and earlier illegal strike.
Anglo, Codelco deal may open up copper mountain
The deal unveiled by Codelco and Anglo American may unlock the huge value
contained in one of the world’s richest copper districts.
Zuma threatens to seize mining licences
President Jacob Zuma, speaking in the North West province, said miners ought to provide decent housing to miners or risk losing their mining licences, comments he made in the wake of the Marikana disaster.
Implats cuts capex but seeks higher output
Uncertain times in the platinum industry have forced Impala Platinum to rein in
capital expenditure, but the company says it will not cut back production in the
foreseeable future.
Anglo, Codelco shake hands on Los Bronces
Anglo American and Codelco have agreed to a deal that would see the Chilean copper producer take up a 29.5% stake in Anglo’s flagship Los Bronces mine for $2.9bn.
Gold Fields warns of gold output downgrades
Gold Fields said production would be no higher than 3.4 million oz and could fall lower as supply disruptions took hold, but it would not compromise on its position as a high yield gold payer.