Off The Wires

Strike hit families queue for food parcels

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Thousands of people suffering the effects of a strike in the platinum sector, now entering its 18th week, queued for food parcels.

Cosatu condemns platinum miner dismissal

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Cosatu said it would take Lonmin to the CCMA after it dismissed 235 workers on strike would were employed under the essential services category.

Buildmax confident coal prices will recover

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Buildmax, the Johannesburg-listed mining contractor, said its performance would improve on the back of better coal prices globally.

Palladium surges to 33-month high

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Palladium futures are 16% higher this year while exchange traded products backed by the metal rose to a record on supply worries.

Ivanhoe raises C$150m in share deals

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Robert Friedland's Ivanhoe Mines has completed two share-based transactions raising C$150m for the firm's Democratic Republic of Congo assets.

AfDB plans $10bn infrastructure fund

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The African Development Bank is to endorse a $10bn infrastructure fund for the continent aimed at competing with Chinese investment.

Jewellery demand keeps gold steady in Q1

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Demand for gold jewellery helped offset liquidations in investment products in the first quarter of 2014, said the World Gold Council.

AngloGold may sell or joint venture Obuasi

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AngloGold Ashanti would consider selling all or part of its Obuasi mine in Ghana once it had been restructured, the gold company said.

Anglo’s Cutifani boss pledges 20% return

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Mark Cutifani, CEO of Anglo American, said the company would achieve 20% return on capital once it had been restructured.

Amplats board behind Griffith in pay row

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Amplats chairman Valli Moosa stood behind the company's CEO Chris Griffith who is embroiled in a row over executive bonuses and incentives.