IvanPlats slide belies value seen by analysts
IvanPlats, the platinum and copper exploration firm founded by Robert Friedland, is valued far below its true value, analysts said.
Shabangu confident of wage settlement
Mines minister said highest ever wage demands were only the start of negotiations adding she was confident a settlement would be reached pleasing all sides.
Congo delays copper export ban
The Democratic Republic of Congo said it had delayed a copper and cobalt concentrate export ban to December.
Lonmin’s Magara bags R11m in shares
Ben Magara, the newly appointed CEO of Lonmin, had bagged about R11m in shares to compensate him for incentives lost after leaving previous employer, Amplats.
NUM will know Lonmin future on July 15
Lonmin will know whether it will face derecognition on Monday following a court decision to review its interdict until July 15.
Goldman Sachs negative on mining sector
Goldman Sachs said it could only see value in mining choosing selected stocks as there was no immediate catalyst for sector-wide improvement.
AMCU warns of havoc if NUM bid succeeds
AMCU said "havoc and confusion" would ensue if rival union, the NUM, succeeded in challenging its majority status at Lonmin's Marikana mine in a recent court interdict.
Ghana arrests 1,568 for illegal mining
Ghana, Africa's second largest gold producer, said it had arrested 1,568 foreigners since June 1 for illegal mining.
Eskom chose poorly: Chamber of Commerce
The Cape Chamber of Commerce and Industry said Eskom should not blame contractors when it was the utility's decision-making that led to Medupi overruns.
Gold ETNs falls below 2,000 tonnes
Holdings in gold-backed exchange traded products fell below 2,000 tonnes for the first time since May, 2010 - a loss of value totalling $61bn.