Num proposes its own peace strategy
The entire mining sector has to abandon existing wage agreements and start an
expanded round of central bargaining negotiations, according to the National Union of
Mineworkers.
Gordhan lays out cost of mine violence
Minister of Finance Pravin Gordhan has spelled out the economic ramifications of the
ongoing labour crisis facing the country’s mining sector as the government vows to
step up action.
Gold shares surge 4% on JSE, platinums follow
Gold and platinum shares shrugged off the blues on Friday as the metal prices for
both gained further traction, although for quite different reasons.
Shabangu says miners were “caught napping’
Mines Minister Susan Shabangu says mining companies were caught napping by the
wildcat strikes and promises to apply terms of the updated mining charter in tougher
terms.
Cutifani confident of solving labour crisis
Mark Cutifani, vice-president of the Chamber of Mines of SA, told reporters in
Denver that South Africa would solve labour unrest on its gold and platinum mines in
two months.
Gold Fields’ patience running thin
Gold Fields says it may soon change tact in its bid to bring the ongoing work outage
at its KDC West mine to an end, while Anglo American Platinum reports widespread
intimidation.
Archie Palane points finger at NUM failings
NUM ex-deputy secretary Archie Palane says central bargaining, now touted as the
answer to platinum woes, would have become policy had he been elected leader.
Glencore sweetens Xstrata ‘takeover’ proposal
Glencore surprised the market issuing improved terms for its combination with Xstrata but could term the proposal a takeover with its CEO, Ivan Glasenberg taking the reins of the combined unit.
Govt seeks to abate investor concerns
The Government says it is looking to reassure investors and telling them they don't need to be concerned over further unrest in the wake of the massacre at Lonmin's Marikana mine.
Chamber’s Frans Barker dies after illness
Frans Barker, Chief Operating Officer of the Chamber of Mines, has died after a short illness.