Mining industry at ‘breaking poing’: Holland
Gold Fields CEO, Nick Holland, said the mining industry was at a breaking point as governments and investors sought a greater share of the profits.
NUM not planning coal wage talks
The National Union of Mineworkers, which called a strike in South Africa's coal sector on October 5, did not plan to have any further talks with producers.
Lonmin CEO Magara’s salary cut in three years
The salary of Lonmin CEO, Ben Magara, was 2.5% higher in 2015 than in the previous year but 18% lower than three years ago when he replaced Simon Scott.
Zim diamonds seized in compensation row
Diamonds headed for auction in Antwerp were seized by Belgium authorities as they could be used to compensate a disgruntled Zimbabwe investor.
GlencoreXstata listing validates SA mining
Fund managers welcomed the secondary listing of GlencoreXstrata on the JSE saying it validated South Africa as a destination for mining investment.
Moody’s affirms Glencore credit rating
Moody's affirmed its Baa2 ratings on Glencore but changed the outlook to negative owing to the risk of prolonged difficulties in the metals markets.
Chrometco tumbles, restates 3 years of earnings
Shares of Chrometco Ltd tumbled more than 9% to 10 cents after the South African mining exploration group said it would restate its earnings figures for the past three years.
Gold producer hedge book cut 17t in Q2
The world's gold mining sector cut forward sales of the metal 17 tonnes in the second quarter of this year.
Venkat cuts team as hard times befall sector
Srinivasan Venkatakrishnan, CEO of AngloGold Ashanti, has taken the scalpel to the firm's executive team as hard times befall the gold sector.
Rockwell lifts diamond sales 57%
Rockwell Diamonds increased diamonds sales 57% in the three months ended August as its earth-moving renewal plan reaped benefits.