Amplats may cut further 900 jobs
Amplats said it may cut 900 jobs from its head office on top of some 6,000 at its mines in terms of a 350,000 ounce a year reduction in unprofitable production.
PIC voted against unaligned CEO pay
The Public Investment Corporation voted against the executive pay of some of the country's top platinum and gold companies as they were higher than the peer group.
‘Only at beginning of cutbacks’: Holland
The South African gold industry's shrinkage under the effects of a lower gold price was only at the beginning, said Nick Holland, CEO of Gold Fields.
Implats warns of lower profit
Impala Platinum would write-down assets totalling R2.3bn leading to a decline in full year profit, the company said.
Mining industry at ‘breaking poing’: Holland
Gold Fields CEO, Nick Holland, said the mining industry was at a breaking point as governments and investors sought a greater share of the profits.
BHP Billiton may face regulator sanctions
BHP Billiton said it may face regulator sanctions related to breaches of anti-corruption laws linked to the Beijing Olympics and terminated projects.
NUM, ANC branches to boycott Marikana
The North West branch of the ANC and the National Union of Mineworkers has said they would boycott a commemoration of the Marikana shooting today.
Gold demand slips for 4-year low
Gold demand fell to a four-year low despite surging physical demand owing to record exchange traded product sales and less central bank buying.
GEM profit falls on lower Letseng output
UK-listed diamond producer, GEM Diamonds, produced lower first half profits as output fell at its Lesotho mine, Letseng.
AMCU extends olive branch to NUM
Joseph Mathunjwa, president of AMCU said he had invited NUM leader Senzeni Zokwana to join him in commemorating the Marikana killings on August 16.