Off The Wires

Seifsa sets July 25 deadline to end strike

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Steel and Engineering Industries Federation of South Africa has given unions until July 25 to agree to a government-sponsored wage proposal.

RBPlat anticipates earnings uplift

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Royal Bafokeng Platinum said interim headline earnings would be up to 39% higher year-on-year owing to a higher realised price for its basket of metals.

VMR surges back to profit

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Tau Lekoa produced a third more gold in the June quarter helping owner Village Main Reef back into profit.

Metal-backed ETFs recapture appeal

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Metal-backed ETFs in the US attracted more new money this year - equal to 18% of their market capitalisation - than any other commodity group.

SA to press on with nuclear spend

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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.

NUM registers shock with Amplats sales

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The National Union of Mineworkers said it was shocked by Anglo American Platinum's plans to sell shafts in Rustenburg saying it would lead to job losses.

African Barrick contributes $850m to Tanzania

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African Barrick Gold contributed $850m to the Tanzanian economy in 2013 of which more than half was in employee salaries.

Aquarius Pt settles wages at Kroondal

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Aquarius Platinum has agreed a new, three-year inflation-linked wage agreement with the National Union of Mineworkers and Solidarity at its Kroondal mine.

Trans Hex ends MOR disposal strategy

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Trans Hex has exited the last of its holdings in South Africa's Middle Orange River diamond properties.

Glitches may delay Numsa strike resolution

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The strike in the metals and engineering sector was edging towards settlement, but it may be delayed by last minute disputes.