Glencore to cut 20% of Rosh Pinah staff
Glencore is to cut up to a fifth of its staff at the Namibia-based zinc and lead concentrate operation Rosh Pinah owing to "significant economic pressures".
Ramaphosa ‘blind trust’ questioned
Plans by Cyril Ramaphosa to place some business interests in a blind trust have been questioned by an attorney.
R&E shareholders approve settlement
Randgold & Exploration shareholders gave their approval to a R150m settlement with auditing firm PwC dating back to a dispute relating to the late Brett Kebble.
SACP accuses Pt firms of causing insecurity
South African Communist Party general-secretary, Blade Nzimande, said the platinum companies were culpable for breeding insecurity in the labour market.
Doubts cast on Ramatlhodi strike efforts
Analysts at Noah Capital and Investec expressed reservations about the ability of the South African government to find a solution to the platinum strike.
Gold Fields to retrench 500 at South Deep
The National Union of Mineworkers said that Gold Fields planned to retrench 500 people from its South Deep mine, equal to 13% of its total workforce.
Forbes Coal to refinance bond, debt
Forbes Coal is to refinance debt with Resource Capital Fund, its shareholder, and Investec Bank handing the bank warrants that convert into shares.
Iron ore continues losing streak
A supply glut from Australia and Brazil has sent the price of iron ore lower for the sixth consecutive month, the longest losing streak on record.
Gold Fields calls on Ghana to lower taxes
Gold Fields has called on the Ghanaian government to lower taxes to help it tackle the 25% decline in the gold price since the beginning of 2013.
Russian palladium exports hit 11-month high
Palladium exports from Russia hit an 11-month high in April ahead of possible sanctions following that country's annexure of Crimea.