Off The Wires

Platinum may rise on strike conclusion

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Platinum may continue to surge because there is less incentive for producers to hold back the price following a five month strike in South Africa.

NUMSA affiliates to ignore Eskom interdict

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NUMSA affiliate said it would ignore an interdict obtained by Eskom banning its workers from going on strike.

Nene calls for speedy strike resolution

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South African finance minister, Nhlanhla Nene, called on the rapid resolution of strikes in order to avoid crippling the economy.

AngloGold completes Navachab sale

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All monies were paid by June 30 to consummate the sale of the Navachab mine to QKR Corporation by AngloGold Ashanti.

NUMSA to press ahead with strike

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A strike by NUMSA was an attempt to win "a living wage" for members and was not economic sabotage, said the union's general-secretary, Irvin Jim.

Ramatlhodi wants to increase BEE demand

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SA mines minister, Ngoako Ramatlhodi, said BEE targets should be extended, and there should be higher discounts on strategic minerals such as coal

Ramatlhodi to dispose of mining shares

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Ngoako Ramatlhodi is to dispose of his shares in Atlatsa Resources in order to avoid any conflict.

Lucapa says Lulo offers huge value

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Lucapa Diamonds, an Australian-listed business, believed its Lulo diamond mine in Angola could become the country's most valuable.

Numsa calls members on wage strike

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The National Union of Metalworkers has called members out on strike next week in a bid to secure a 12% wage increase.

Vedanta to spend $280m on Konkola uplift

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Vedanta is to spend $280m on its Konkola Copper Mines in Zambia lifting production.