De Beers to alter sightholder contracts
Philippe Mellier, CEO of De Beers, said the diamond group would amend its contracts with sightholders to account for more volatile markets.
Rio’s Rossing Uranium to cut 265 jobs
Rio Tinto is to cut about 265 jobs at its Rossing Uranium plant, equal to about 23% of its workforce, owing to lower uranium prices.
AHI says strike poses a national threat
The Afrikaanse Handelsinstituut said that the 20-week platinum strike posed a national threat to national security and the economy.
Silicosis class action ‘boggles imagination’
Lawyers for gold mining companies have argued that a class action to press home allegations for silicosis sufferers is unmanageable.
Mantashe cautions DMR over political strike
Gwede Mantashe, general-secretary of the ANC, has questioned the political nature of the platinum strike and warned the mines minister to handle the issue with care.
Russia to build $3bn Pt mine in Zimbabwe
A group of Russian investors, including a state-owned bank, plan to spend $3bn in building a 600,000 oz/year platinum mine in Zimbabwe.
Strike was fight Anglo had to have: Cutifani
Anglo American CEO, Mark Cutifani, said the group had to stand its ground in wage negotiations with AMCU.
Court reserves judgment on gold strike
An interim order prohibiting strike action at gold mines where the Association of Mineworkers & Construction Union has members remains in place.
SA gold sector would be devastated by strike
The South African gold sector would not be able to sustain the strike activity seen in the platinum industry, said Chamber of Mines negotiator, Elize Strydom.
Medupi to make impact end of Q1
Eskom said that the full contribution from the first 800MW unit of its Medupi power installation would be commissioned by the end of the first quarter of 2015.