NUM suspends Implats strike on CCMA request
The National Union of Mineworkers has announced its members have "overwhelmingly" agreed to suspend a strike action at Impala Platinum, the world's second largest
platinum producer.
Gold holdings slide in SPDR Gold Trust
Holdings in the world's largest gold-backed exchange traded fund fell to their lowest levels since early June - a development that could cap gold's rebound, analysts said.
Workers down tools at Northam Platinum mine
The National Union of Mineworkers says that over 5 000 workers have downed tools at Northam Platinum's mine in Rustenburg to mourn the deaths of the two mineworkers last week.
Lonmin’s swap option on Akanani
JP Morgan Cazenove analysts Steve Shepherd and Allan Cooke reckon Lonmin should
swap its Akanani project for Anglo Platinum's stake in Pandora because the deal would
benefit both groups.
First Uranium recovers some lost ground
First Uranium shares have staged a partial recovery from their recent lows on both the JSE and TSX in response to better news in the June quarter production report.
ArcelorMittal to drop steel prices
ArcelorMittal has revised its steel pricing policy for domestic consumers following the interim pricing agreement reached with Kumba Iron Ore over iron ore supplies.
ArcelorMittal checks its management system
ArcelorMittal has called in an external audit firm to confirm that its enterprise risk management system is all it's cracked up to be given what happened over Kumba.
Gold One confident on year-end metal target
Work stoppages hurt production at Gold One International but the gold producer said annual metal output targets remain firmly in its sights.
CoAL expects 1st sales from Vele in next quarter
Coal of Africa says that development of the Vele Project has progressed according to schedule and first sales of coking coal are expected during the next quarter.
Demand recovery fires Merafe in H1
Merafe Resources, which is in joint venture with Xstrata, lifted ferrochrome production 149% in the first half of its financial year as demand recovered.