Off The Wires

NUM members on strike at Amplats’ Twickenham

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Some 500 workers at Anglo American Platinum's (Amplats') Twickenham mine in South Africa went on strike against plans to cut 165 jobs.

CoAL sale of Mooiplaats to Blackspear collapses

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The proposed sale of Mooiplaats Colliery, a coal operation in South Africa's Mpumalanga province, to Blackspear Capital for R250m has collapsed.

Evraz may be liquidiated as funds run dry

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The steelmaker is on the cusp of liquidation as R250m in emergency funding, provided by the Industrial Development Corporation, is almost exhausted.

SA loss-making deepens as platinum slides

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Up to two-thirds of the platinum sector could be loss-making if platinum tests six year price lows, analysts said.

Universal Coal seals NCC acquisition

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Universal Coal said it had been granted a change in control permit from the SA government that completes the purchase of New Clydesdale Colliery.

SA mulls platinum manufacturing zones

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The South African government is considering establishing two economic zones for the manufacture of platinum fuel-cell components.

Platinum heading for longest losing streak

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Platinum was heading for its longest run of quarterly losses in 18 years having fallen every quarter since June last year - and the outlook was not good.

DRC sells copper deposit for $10m to Mutanda

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Gecamines, the Democratic Republic of Congo's copper deposit, sold its Chabara mine permit to Glencore for $10m as it sought to meet transparency rules.

Gold wage talks to restart July 6

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Wage negotiations between gold producers and employer unions would resume on July 6 for another three-day installment.

Universal Coal to post $3m in pre-tax earnings

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A strong performance at Kangala would spur Universal Coal to a 50% lift in June quarter pre-tax earnings taking half-year earnings to $13m.