Intimidation rife as Amplats extends wage offer
Intimidation by people not employed by Anglo American Platinum was a major cause for the continuance of the strike at the platinum firm's operations, now into its eighth week.
SA platinum slide takes market into deficit
South African platinum production would be 300,000 ounces lower in 2012, said Johnson Matthey helping the market swing into a remarkable 400,000 oz deficit.
Lonmin urges support for $800m rights offer
Lonmin said its future was in jeopardy unless shareholders supported its refinancing, due for a shareholder vote on November 19. Crucially, it kept the door open to Xstrata.
China may raise gold holdings, says LBMA
China has only 2% of reserves in gold, compared to 75% in the US, a difference that
is bound to be narrowed, the London Bullion Market Association said.
Momentum builds for RoC’s iron ore pioneers
Zanaga, Equatorial Resources and Exxaro Resources mark 2012 with important
advances in the effort to produce iron ore from the Republic of Congo.
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.