Miners split over lock-out option
Sibanye Gold, Harmony Gold and AngloGold Ashanti favoured locking out workers while Gold Fields, Rand Uranium and Village Main Reef did not.
IFM posts H1 loss, says H2 will generate cash
International Ferro Metals produced a disappointing first half pretax loss but looked to better days in the second half of its financial year.
EFF to launch targeted campaign of shutdowns
The Economic Freedom Fighters said it would launch a campaign of targeted shutdowns if certain institutions failed to meet its 30-day ultimatum.
Palladium caps longest rally since 2000
Palladium capped its longest rally since 2000 on fears of lower supply from South Africa and buoyant demand from carmakers.
Gold Fields slips out of JSE’s Top 40
Gold Fields has been taken out of the Top 40 index which suggests the stock could come under pressure.
Zimbabwe miners can’t afford pay increases
Mining companies in Zimbabwe could not afford wage increases in 2016 and some had agreed with employees to cut salaries in order to stay afloat.
Kumba to post one fifth earnings decline
Kumba Iron Ore would post a one fifth decline in earnings for the 2014 financial year owing to a decline in iron ore prices.
Blyvoor “in ICU”, says Goldrich’s Ngubane
Goldrich Holdings chairman, Thulani Ngubane, said his company needed more time before returning Blyvoor to profitability.
Rescue halted as miners fear arrest
Illegal miners are refusing to be rescued following the collapse of the gold mine shaft they had occupied because they fear arrest.
Implats expects end to Marula strike
Impala Platinum said workers striking at its Marula platinum mine were expected to return to work after agreeing to raise issues through formal channels.