Off The Wires

Miners pay facing fundamental restructure

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A report by JP Morgan Cazenove said unless mining companies restructure the way they pay employees industrial action will continue for many years to come.

Lonmin to keep mine open for second day

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Lonmin said it would keep its operations open for a second day in an effort to break a strike now in its 16th week.

Mathunjwa convinced strike remains strong

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Joseph Mathunjwa, president of AMCU, said support for the union's 16 week strike remained as strong as ever.

BHP mulls selling nickel assets

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BHP Billiton said it was considering selling its Australian nickel assets as part of an effort to simplify its business.

Lonmin workers prevented from return

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Striking employees at Lonmin wanting to return to work were being prevented from doing so, a union boss at the NUM said.

Rio litigation won’t affect Simandou project

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Rio Tinto said litigation against Vale and Beny Steinmetz would not affect the development of the $20bn Simandou iron ore project.

Lonmin to press ahead with mine reopening

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Lonmin would press ahead with plans to resume mining and break a 15 week strike waged by the Association of Mineworkers & Construction Union.

Gold Fields shareholders oppose pay at AGM

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Shareholders of Gold Fields expressed their displeasure at pay proposals offered to the firm's executive with just over 30% of the vote against them.

LRA should be amended for ballots: Griffith

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Amplats CEO, Chris Griffith, says the Labour Relations Act should be amended to allow for strike balloting.

Iron ore prices weaken to 2012 levels

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The price of iron ore fell for the fourth successive week to nearly $100/t amid a supply glut that would continue into 2015, analysts said.