Off The Wires

Zuma says investors not off SA

0
South African president Jacob Zuma said the country had demonstrated firm leadership and policy certainty - features that had not been lost on investors.

Sibanye to trim costs a further R305m

0
Job cuts, lower power usage and reducing overtime would help Sibanye Gold trim costs a further R305m annually, it said in a presentation.

UK miners cut CEO pay on failed deals

0
The UK's top mining firms cut the average pay to their CEOs in 2012 following a spate of failed deals.

Buy in from workers crucial: Solidarity

0
Union Solidarity lauded last week's meeting of industry, government and unions on mine peace but said the success of any initiative ultimately lay with workers.

Gold to fall to $1,200/oz in Q4: SocGen

0
The price of gold would fall to $1,200 per ounce in the fourth quarter amid more sales of exchange traded products, Societe Generale said in a recent report.

Holomisa lays into mining houses

0
United Democratic Movement (UDM) leader, Bantu Holomisa, said it was not right that mineworkers still died poor while thousands suffer from incurable disease.

NewPlat comprises 20% of ETF platinum

0
NewGold Platinum, launched on the JSE in April, now comprises 20% of all world platinum held in an exchange traded product.

Gold bears return as ETPs hit again

0
Liquidations in exchange traded products continued for an unprecedented 17th consecutive week providing evidence gold bears had returned to the market.

Zimbabwe says diamond revenue missing

0
Zimbabwe says that diamond revenue a private company said it paid to the government does not show up in its records.

Eskom to dig into emergency power

0
Eskom would draw on power from BHP Billiton's aluminium smelters in South Africa and Mozambique as power demand exceeds supply for the first time since 2012.