China may buy Rio Tinto coal mine in Zim
China Power Investment Corporation is considering buying a coal mine in Zimbabwe from Rio Tinto and establishing a $2.2bn power plant.
Up to 70% of Bayside jobs may be lost
The National Union of Metalworkers of SA said up to 70% of jobs at BHP Billiton's Bayside smelter would be lost.
AMCU submits gold industry wage demands
AMCU has filed its list of wage and benefit demands ahead of gold wage negotiations which include a 100% increase for certain worker levels.
De Beers to alter sightholder contracts
Philippe Mellier, CEO of De Beers, said the diamond group would amend its contracts with sightholders to account for more volatile markets.
Aquarius Pt to redouble cost-cutting measures
Aquarius Platinum said it would renew efforts to reduce costs at its Kroondal and Mimosa operations in order to fend off rock-bottom platinum group metal prices.
Zim fund to get 25% of mining royalties
Zimbabwe is hoping to pass a law that will enable it to funnel up to a quarter of mining royalties to a fund dedicated to infrastructure projects.
Legal firms to challenge MPRDA amendments
The MPRDA Amendment bill gave the South African government control of environmental management of mines to the exclusion of the provinces, say lobbists.
No SARB plans for platinum as reserve asset
There were no talks among central bankers in the South African Reserve Bank about upgrading platinum to a recognised reserve asset.
Glencore to cut 340 jobs from SA coal ops
Glencore is to cut 240 jobs following a decision to shut its South Witbank coal mine while another 100 are at risk at the nearby Witcons coal processing plant.
Africa should resist tax temptation: Boshoff
Africa's governments should resist the temptation to raise the tax bill on companies operating in the continent, says Paladin Energy MD, John Boshoff.