SA economy braced for strike fallout
The South African economy must brace itself for the fallout from the mining industry's strike activity, a development that could be devastating, says the Bureau for Market Research.
Lender avarice drove desperate miners
Driven to desperation by spiralling debt, South Africa's miners had no option but to turn to strike action, according to a study by Unisa's Bureau of Market Research.
Davis warns of risks after retention pay foiled
Xstrata shareholders supported the merger with Glencore but declined paying retention packages - a development Mick Davis, Xstrata CEO, said posed a risk to the combined entity.
Lonmin wins support for $800m rights offer
Betraying no hint of the conflict between his board and shareholder Xstrata, Lonmin's chairman says he looks forward to a dialogue now that the capital raiser will progress.
Zimbabwe bid to end Marange sanctions boosted
Zimbabwe's bid to have sanctions lifted over diamonds produced from Marange has received a boost as South Africa's Welile Nhlapo is appointed chairperson of the Kimberley Process Certification Scheme.
Atlatsa weighs refinance and mine changes
Amid the 'forgotten strike' at its Bokoni mine, Atlatsa Resources says it is considering how its mine will look in the future as its corporate debt grows.
Renowned gold bull flies to defence of Wits Gold
Media-shy chairman of Wits Gold, Adam Fleming, says he will buy shares in the firm, the valuation of which was "anomalous".
Strikes had hurt SA’s credibility: Gordhan
Strike action has cost an estimated R10bn in lost mine output and had led to two credit downgrades, said finance minister Pravin Gordhan in a speech last night.
Unki deal raises question over Zimplats future
Will the finalisation of Unki's indigenisation deal with the Zimbabwean government serve as the model for the larger Zimplats asset in which Impala Platinum is invested?
Leon rails against misunderstood mining charter
The mining charter wasn't only about transfer of mining company ownership, said Peter Leon of Webber Wentzel who added that the charter was also about improving procurement and living conditions.