Amplats slashes capex further
Anglo American Platinum has further reduced its planned capital expenditure for
2012 and expects unit costs to outstrip most of its margins.
Harmony says Kusasalethu strike nears end
Further evidence that the wildcat strikes that dogged South Africa’s mining sector
are winding up with Harmony saying its Kusasalethu mine had a good turnout this
morning.
DRDGold kicks off new era, aided by rand
A lift in recoveries and rand weakness from the strike contagion helped DRDGold to
a 51% operating profit gain in the September quarter.
Unions push for coal sector wage talks
Employees in the coal sector may soon stand to benefit from wage increases based
on job grade adjustments, similar to those afforded to striking workers in the gold
sector.
Lonmin refutes collusion prior to shootings
Lonmin has defended director Cyril Ramaphosa, who was placed at the centre of
potentially controversial e-mails only 24 hours prior to the shootings of Marikana
miners in August.
Amsa in new battle with different regulator
ArcelorMittal SA is bracing itself for yet another legal skirmish with regulatory
authorities, this time for allegedly breaching conditions attached to an air emission
licence.
Questions, fears over Eskom’s 16% increases
Eskom’s proposed 16% power tariff increases will shrink South Africa’s industrial
base and cull jobs, warns the Energy Intensive User Group.
AngloGold counts cost of strikes, Obuasi troubles
Third quarter production would come in at 1.03 million ounces, well below guidance
and raising the likelihood of more profound output losses and higher cash costs for
the year.
Friedland gets Ivanplats IPO away for $307m
Mining entrepreneur Robert Friedland gave crisis-hit South African mining investors
something to smile about after listing Ivanplats, a company that has the Platreef
project at its heart.
De Beers sets out to ‘change the stationery’
De Beers is ditching the De Beers Consolidated Mines brand some 125 years into the
company’s existence.