SA cabinet approves mining charter ahead of gazetting: report
THE South African cabinet approved the draft mining charter on Wednesday (May 24) which is said to include a requirement for a minimum 30%...
AMCU slams Lonmin’s rights offer ultimatum
AMCU said government should confiscate Lonmin's mining licence after it said it may be forced to shut if shareholders did not support a $400m rights offer.
Ferrochrome price to reflect Eskom cost hike
Price increases from Eskom in April were likely to put upward pressure on the ferrochrome price, said International Ferro Metals CEO, Chris Jordaan.
Platinum sector hit for three years: Baleni
Frans Baleni, secretary-general of the NUM, said the platinum sector strike would hold back the industry and employees for three years.
Vale receives $300m Nacala railway boost
The African Development Bank approves a $300m loan enabling Vale to finance a railway from a coal mine to Nacala port in Mozambique.
NUMSA plans national strike to change mining
The National Union of Metalworkers of South Africa is planning a one day national strike to press home changes to the mining sector including increased beneficiation.
Sibanye expects 2015 profit to halve
However, the group is expecting the current financial year to be much better owing to a higher rand gold price and rectification of last year's operating issues.
Iron ore continues losing streak
A supply glut from Australia and Brazil has sent the price of iron ore lower for the sixth consecutive month, the longest losing streak on record.
Rio Tinto lits Q2 iron ore 11%
Rio Tinto lifted second quarter iron ore production 11% to 57.5 million tonnes raising the possibility higher output would keep prices depressed.
SA gold miners gear up for wage talks
South Africa's gold producers were gearing up for what could be five months of gruelling wage talks, due to kick off next week.