Platinum wage talks adjourned, losses at R2bn
Revenue losses total R2bn to date while employees had sacrificed R900m in wages, said platinum producers who don't know when wage talks will resume.
Inside AMCU’s secret mutiny
Renegade members of AMCU attempted to engineer a mutiny, a story that provides some insight into the treacherous world of organised labour.
What to expect from gold in 2014
Analysts think gold will provide a few false dawns and that gold producers mining at far beyond $1,100/oz may run into a spot of trouble.
Gold firms off hook as court denies AMCU
The Association of Mineworkers & Construction Union will not be able to call a strike over wages at the gold mines of AngloGold, Harmony or Sibanye Gold.
Aquarius Pt sells non-core assets for R755m
Aquarius Platinum has bolstered its balance sheet selling non-core assets that include the once mighty R1.3bn Blue Ridge project and the $700m Sheba's Ridge prospect.
MPRDA to be endorsed in Feb., says Shabangu
Amendments to the MPRDA would be ratified by the national assembly from February, said mines minister Susan Shabangu.
ContiCoal dismantles board in A$5m rescue
A UK merchant bank, Empire Equity, will provide bridging finance and assist with a A$28m rights offer but the coal firm's executive team will be dismantled.
AMCU to mull ‘journey’ offer to R12,500/m
AMCU will ask members to consider a revised three-year wage offer from platinum producers that proposes a 9% increase for entry-level workers in the first year.
JSE may lure foreign miners, equity issues
The Johannesburg Stock Exchange may attract foreign miners seeking capital of between $100m to $250m, said Standard Bank's top miner, Rajat Kohli.
Zimbabwe tax foment troubles Aquarius Pt
Jean Nel, CEO of Aquarius Platinum, said regulatory uncertainty in Zimbabwe was making it hard to budget and plan the firm's crucial Mimosa operation.