SA platinum in troubled waters
Anything less than an annual output of 2.6 million ounces from Anglo American
Platinum for 2011 will support the growing perception that SA's platinum industry is
headed for hard times.
Anglo to face criminal probe in Chile
Chilean prosecutors have launched a criminal investigation into Anglo American's sale
of a 24.5% stake in a local subsidiary to Japan's Mitsubishi.
IFM recovery exceeds expectations
Ferrochrome producer International Ferro Metals has taken another step towards
restoring investors’ faith, meeting key cost and production milestones as it seeks to
regain former highs.
Implats to fire 5,000 in unlawful strike
Impala Platinum says a strike by drill operators at its Rustenburg operations is illegal and it is to start laying them off.
NUM slams Impala’s 18% retention increase
Impala Platinum has raised the prospect that production at its Rustenburg mine will be
negatively affected for up to two weeks as it begins to dismiss 5,000 rock drill
operators.
SA less attractive to mining investors: SAIRR
SA has become significantly less attractive as a mining investment destination since 2006, says the SA Institute of Race Relations.
Gold One, Gold Fields explore surface JV
Following a year of frenetic corporate activity at Gold One International, CEO Neal
Froneman has revealed his next play: a possible surface-operations joint venture with
Gold Fields.
Shabangu to open Mining Indaba
Oranisers of the annual Investing in African Mining Indaba says the Minister of Mineral Resources, Susan Shabangu, will officially open the event.
Implats says 5,000 workers on strike
Impala Platinum says 5,000 workers at its Rustenburg operations have downed tools over wages, but a court order has declared the strike involving drill operators illegal.
Universal considers approaches from third parties
Universal Coal says it is reviewing the appointment of advisors, following informal approaches from third parties for its coking coal projects in South Africa.