Glencore hiring new workers for chrome mine
The Associated Mineworkers and Construction Union said workers fired at a Glencore Xstrata chrome mine would not reapply for jobs.
AMCU demands double in Amplats pay
The Association of Mineworkers and Construction Union has demanded a doubling in pay for Amplats workers to an estimated R12,000 per month.
Wage talk failure not an option: Sibiya
South Africa's most valuable export industry would be destroyed if wage talks in the country's gold mining sector were allowed to fail, said CoM CEO, Bheki Sibiya.
Gold starts Q3 with short covering rally
After a disastrous second quarter, the third quarter was more positive for the gold price owing to short covering by investors.
Platfields chose ‘technical share withdrawal’
Platfields CEO, Bongani Mbindwane, said the company was in talks with a potential investor, but the JSE said the firm faced suspension for failing to file its reports.
Steinmetz rejects bribery allegations
Beny Steinmetz told an Israeli newspaper that US claims someone with ties to BSG Resources made payments to win a mining concession in Guinea were 'nonsense'.
AMCU demands reinstatement of workers
Joseph Mathunjwa, president of the Associated of Mineworkers & Construction Union, said 1,000 fired workers at Glencore Xstrata's chrome mines should be reinstated.
Gold miners could face credit downgrades
A gold price below $1,300 per ounce for more than two quarters could see credit downgrades for heavily indebted gold producers, S&P said.
Jindal to buy Liberia’s Wologizi iron ore
Jindal Steel & Power, India's third largest steelmaker by value, was in discussions with the Liberian government to buy the Wologizi iron ore mine.
Anglo mulling sale of Minas Rio stake
Anglo American is looking to sell up to 49.9% in its Minas Rio iron ore mine in Brazil, a venture that has suffered large project overruns.