Rand slumps to five-year low on strike fears
The South African rand slumped to a five-year low on fears of renewed strike action in the country's platinum sector.
Namibia won’t cut tax rate for Anglo
Namibia said it would not cut its tax rate for Namdeb Diamond Corporation, a company in which Anglo American has a 50% stake.
Chinese fund looking to counter BHP’s Potash offer
The head of a major Canadian pension fund says a Chinese sovereign wealth fund is interested in making a joint-bid with a Canadian pension fund for fertilizer-maker Potash Corp. of Saskatchewan.
SA to press on with nuclear spend
THE SA government would press on with plans to make nuclear power a major part of the country's energy mix despite warnings of its expense.
Petmin impairs Veremo for R181m
Petmin booked more than R1bn in revenue owing to a strong performance from its Somkhele coal mine but suffered the effects of a write down of its pig iron JV, Veremo.
Buffalo halts Magdalena after ‘water ingress’
Buffalo Coal Corporation stopped production at its 1 million tonne/year Magdalena mine in KwaZulu-Natal after 'water ingress' at one of the mine's sections.
Lonmin, Amcu move to arbitration
Lonmin and the Associated Mineworkers & Construction Union put a settlement on a recognition agreement to an independent arbitrator after negotiations failed.
US firms fail to monitor African conflict minerals
US firms failed to meet rules that require them to monitor if their products contain minerals from war-torn Africa, said two human rights groups.
Numsa agrees wage pact with Amplats
The National Union of Metalworkers of South Africa agreed to a 8.5% to 7.5%, three year wage increase with Anglo American Platinum.
Barclays-backed firm to build Botswana mine
A private equity firm backed by Barclays is to build a 3.6 million tonne/year copper mine in Botswana's Kalahari Copperbelt from 2016.