Tharisa posts record Q2 PGM production
Tharisa took platinum group metal production to 33,000 ounces in the March quarter helped by a record production in the final month of the period.
SA platinum may shed 122,000 jobs
South Africa's platinum sector could shed up to 122,000 jobs over the next few years, according to a prominent research strategist.
Wages may bring Lonmin to close in five years
A combination of above inflation wage increases and zero productivity could sink Lonmin in the long-term.
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.
SA gold mining not for faint-heared: Venkat
Srinivasan Venkatakrishnan, CEO of AngloGold, also said stakeholders should spend less time fighting over a shrinking pie and more time maximising profits.
Rio’s Walsh sanguine on China growth fears
Sam Walsh, CEO of Rio Tinto, declared himself unconcerned at reports that China would fail to achieve 7% economic growth this year.
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.
Platinum firms hopeful of deal next week
South African platinum producers were upbeat on the prospects of a wage deal next week.
Lucara seeking $100m sales/year acquisition
Lucara Diamonds, which mines in Botswana, is seeking to extend sales by buying or joining with another diamond producer with $100m in revenue a year.
Union wage demands send rand to low
Wage demands from the National Union of Mineworkers sent the rand to a four-year low against the dollar.