Holland: “We’re not making that much money’
THE gold industry is starting to recognise that investment cannot be sustained while
returns remain low, says Gold Fields CEO Nick Holland.
Amplats halts Rustenburg mines
UPDATED: Anglo American has stopped work at all its Rustenburg operations, citing
threats of violence against its employees.
Cutifani confident of solving labour crisis
Mark Cutifani, vice-president of the Chamber of Mines of SA, told reporters in
Denver that South Africa would solve labour unrest on its gold and platinum mines in
two months.
Great Basin Gold to shut Burnstone, seeks $40m
The chances of recovering fair value for assets in Great Basin Gold took a turn for
the worse as the company announced it was forced to shut its key South African
mine.
Gold Fields’ patience running thin
Gold Fields says it may soon change tact in its bid to bring the ongoing work outage
at its KDC West mine to an end, while Anglo American Platinum reports widespread
intimidation.
Implats in fresh strike alert after new demand
The platinum miner confirms it is negotiating with labour representatives that are
"Amcu-aligned’ as the threat of fresh industrial unrest hits its key Rustenburg mine.
SA gives cautious “yes’ to shale gas
SA has given a conditional green light to the exploration of shale gas in the Karoo
and will assess every step towards full scale hydraulic fracturing for possible
"unacceptable outcomes'.
Coal industry “in flux’
The search for new coal markets has become a matter of urgency for producers
across the globe, says market analysts IntierraRMG.
IDC seeks to cool tempers in Kalagadi feud
The Industrial Development Corporation says it’s working hard at bringing the feud
between Kalahari Resources and global steel giant ArcelorMittal to an end.
Archie Palane points finger at NUM failings
NUM ex-deputy secretary Archie Palane says central bargaining, now touted as the
answer to platinum woes, would have become policy had he been elected leader.