AngloGold counts cost of strikes, Obuasi troubles
Third quarter production would come in at 1.03 million ounces, well below guidance
and raising the likelihood of more profound output losses and higher cash costs for
the year.
Questions, fears over Eskom’s 16% increases
Eskom’s proposed 16% power tariff increases will shrink South Africa’s industrial
base and cull jobs, warns the Energy Intensive User Group.
Sishen ramp-up plagued by no-shows
Kumba Iron Ore says the ramp-up of operations at its Sishen mine is beset with
interruptions following the end of the occupation of the mine.
De Beers sets out to ‘change the stationery’
De Beers is ditching the De Beers Consolidated Mines brand some 125 years into the
company’s existence.
Friedland gets Ivanplats IPO away for $307m
Mining entrepreneur Robert Friedland gave crisis-hit South African mining investors
something to smile about after listing Ivanplats, a company that has the Platreef
project at its heart.
AngloGold issues strike ultimatum
AngloGold Ashanti has finally issued its striking workforce an ultimatum to return to
work, close to a month after all its SA operations were brought to a standstill.
Eskom submits 16%, 5-year tariff increase
Eskom seeks hefty increases in electricity tariffs in order to pay for a doubling in
electricity capacity but which stops at its R92bn, 4,800MW Kusile power station.
Dark days on the horizon for SA mining
A research report by financial services firm JPMorgan Cazenove predicts sporadic
strikes in South Africa’s mining industry may carry on for up to a year.
Anglo to discuss Carroll’s future – report
The Board of Anglo American will this week discuss demands to replace chief
executive Cynhia Carroll, reports Sky News.
Cosatu to “reclaim Rustenburg’
Cosatu will next weekend hold a rally in strike affected Rustenburg as it tries to
regain the support of workers.