Off The Wires

AMCU postpones strike decision to 2014

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The Association of Mineworkers & Construction Union said it would wait until January before deciding whether to call a strike at Amplats where it's in dispute over wages.

Northam accepts NUM memorandum

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The NUM delivers a memorandum to Northam following a march on its Johannesburg offices.

Zim fund to get 25% of mining royalties

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Zimbabwe is hoping to pass a law that will enable it to funnel up to a quarter of mining royalties to a fund dedicated to infrastructure projects.

Investors oppose Sasol executive pay policy

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Investors including the Public Investment Corporation are opposing the executive remuneration policies of Sasol which last year doubled the pay of CEO, David Constable.

Xtract hunts down uranium prospect

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Jan Nelson's Xtract Resources is hoping to raise £3m which will enable it to buy a uranium prospect in the Northern Cape.

Vale stake in Simandou to be protected

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Vale's stake in Guinea's Simandou iron ore project would be protected despite an investigation into how the land was acquired by Vale's partner, BSG Resources.

Eskom lifts emergency power protocol

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Eskom said improved performance from its power stations and lower consumption from industrial users meant it could lift the emergency protocol it had called.

Rosh Pinah to ship from Luderitz

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Rosh Pinah, a lead and zinc mine owned by Glencore Xstrata, would ship concentrate from Luderitz rather than Walvis Bay.

Areva waiting on final deal with Namwater

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Areva SA was in advanced discussions with Namibia's Namwater about supply to the uranium operations in Erongo region.

Miners vulnerable to cyber attacks

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Mid- to small-sized mining companies were the most vulnerable to cyber-hacking as they increased automation, a report by EY said.