DRDGold looks beyond gold
DRDGOLD wants to extend its surface mining footprint beyond gold, saying very
few players can match its technology to extract earnings from mining dumps in
high-volume environments.
Lonmin edges lower as no-shows continue
Lonmin’s shares inch further down as the company reports attendance figures of
8% - fewer than one in 12 of the group’s 28,000 workers.
Can Aquarius Platinum survive?
The malaise in the platinum group metal sector has had a greater effect on
Aquarius Platinum’s share price than the global economic crisis.
DRDGold posts FY earnings surge
DRDGold has reported a 53% increase in full-year operating profit to R622m
from its Ergo asset, leading the gold producer to a 259% increase in headline
earnings per share.
Workers stay away as Lonmin seeks peace deal
UPDATE: Fewer than one in seven Lonmin employees have turned up for work
as the company aims to have a peace agreement with all unions in place later
this week.
CoM, DMR seek centralised negotiation forums
THE Chamber of Mines, together with the ministries of labour and mineral
resources, are actively seeking a centralised negotiation forum for the platinum
and gold industry.
Sibiya defends mineworkers’ pay levels
Chamber of Mines CEO Bheki Sibiya says the wages that the body’s members
pay their employees compare favourably to that of other industries. He has also
called for an economic Codesa.
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.