AMCU edges towards Implats strike
A strike over wages moved closer to reality at Impala Platinum after majority union, AMCU, was awarded a certificate of non-resolution following talks with the union.
Cosatu to oppose Eskom tariff hike
Eskom's proposed 25.3% increase in the electricity tariff was an attempt to shift the burden of responsibility on to the consumer, said the union body.
African Barrick hails sale price as ‘progress’
The sale of shares in African Barrick by the firm's parent company for $188m was a sign of the progress the firm had made, said CEO Brad Gordon.
Eskom knew coal silo was weakening
Eskom was aware of structural problems at Majuba power station's coal silo months before it collapsed, said Solidarity, a union.
Uranium seized not active: SAPS
Two men arrested on suspicion of possessing uranium were not holding active material, said the South African Police Service.
Platinum market confounds analysts
The minimal reaction of the platinum price to supply interruptions has analysts scratching their heads as to the quantum of inventories.
Oversupply to continue, says BHP’s Mackenzie
BHP Billiton CEO, Andrew Mackenzie, said the oversupply of commodities that was depressing prices would continue for some time.
Xtract renegotiates O’kiep Copper deal
Xtract Resources will pay $2.9m - some 19% less than the initial consideration - for O'kiep Copper, an asset in South Africa's Northern Cape province.
Blyvoor arrests raise spectre of Aurora
Former Aurora directors deny asset stripping Blyvoor following the arrest of two managers allegedly involved in theft of 1.3kg of gold.
Gold edges above $1,300/oz
The price of gold moved above $1,300/oz following disappointing US economic data and the sense that the metal was oversold.