ARTICLES RELATING TO MINING INDUSTRY

Northam back at negotiating table

2013-10-28 13:33

Wage talks between the Northam Zondereinde platinum mine in Limpopo and the National Union of Mineworkers are set to continue.

Petra sticks to target despite strikes

2013-09-16 09:51

Petra Diamonds says it is on track to hit its production target for the financial year, despite more than two weeks of disruption from strikes affecting output.

Sibanye pays dividends as independent firm

2013-09-12 12:05

Gold producer Sibanye Gold's board has declared a dividend equivalent to 25% of normalised earnings within its first six months as an independent company.

Gold Fields staff back after strike

2013-09-09 14:47

Striking workers of Gold Fields have returned to work at the South Deep mine after receiving a two-year salary offer, the company says.

Harmony Gold operations back to normal

2013-09-09 09:42

Harmony Gold says operations at all its mines have returned to normal after striking miners resumed work.

BEE deal was legal, says Gold Fields

2013-09-06 15:28

Gold Fields says its board of directors did not break the law in relation to a controversial 2010 black economic empowerment deal.

CEO: Amplats going through tough time

2013-08-30 19:45

Anglo Platinum CEO Chris Griffith says the mine and staff are going through a difficult time as the firm embarks on layoffs.

Amplats to shed 4 800 jobs

2013-08-30 11:43

Anglo Platinum says it will cut around 4 800 jobs through its restructuring process, with 3 300 coming from lay-offs and the remainder from voluntary packages.

Stop the mining blame game, says minister

2013-08-28 13:32

Mining industry leaders must rise to the challenge of tackling transformation, Deputy Mineral Resources Minister Godfrey Oliphant says.

Exxaro earnings tumble

2013-08-22 10:39

Exxaro has reported a 39% drop in first-half headline earnings, booking an impairment of R292m on a coal mine that could cease production.

AngloGold's Ghana mine unsustainable

2013-08-20 10:13

The cost structure at AngloGold Ashanti's flagship Ghana gold mine, Obuasi, is unsustainable, CEO Srinivasan Venkatakrishnan says.

Union boycotts mine crime forum

2013-08-14 17:46

Solidarity has boycotted the launch of the mine crime combating forum in Rustenburg, general secretary Gideon du Plessis says.

Glencore's new mines boost copper output

2013-08-14 13:06

Glencore Xstrata says copper production has increased by a fifth in the first six months of 2013, driven by a ramp-up of mines.

Royal Bafokeng Platinum doubles profit

2013-08-12 10:51

Royal Bafokeng Platinum says it has more than doubled its first-half earnings, due in large part to a weaker rand currency that helped it bolster revenue.

Anglo managers facing the axe

2013-08-07 12:44

AngloGold Ashanti plans to cut about 2 000 management jobs to reduce costs, says chief executive Srinivasan Venkatakrishnan.

Gem Diamonds cuts production forecast

2013-07-29 12:30

Gem Diamonds says it has recovered 26% fewer carats in the first half and cut its full-year production forecast for its key Letseng mine in Lesotho.

Wildcat strike at Amplats ends

2013-07-09 09:48

Workers of Anglo Platinum's Thembelani and Khuseleka mines have returned to work, the company says.

NUM seeks up to 60% Implats pay hike

2013-06-26 12:13

The National Union of Mineworkers has made wage demands to Impala Platinum in line with the hikes it is seeking from gold producers, a source says.

Wildcat strike hits Amplats - union

2013-06-14 16:24

Workers at an Anglo Platinum mine has staged an underground strike in protest at the firing of several of their leaders, a union activist says.

Lonmin confident of averting strike

2013-06-12 10:15

Lonmin says it is optimistic it will reach a recognition agreement with the Association of Mineworkers and Construction Union which will prevent strike action.

No need for tension among unions - Nactu

2013-06-03 18:14

The National Council of Trade Unions says there should be no tension between unions with regard to the rights of workers in the mining sector.

Three Xstrata mines on strike

2013-05-31 10:35

Workers at three of Xstrata's chrome mines in Limpopo have embarked on an unprotected strike, the company says.

Amplats to start layoff process

2013-05-22 09:27

Anglo Platinum will begin the formal process of cutting 6 000 mining jobs at the end of this week, the company says.

Strike at Lanxess mine

2013-05-17 19:18

Mineworkers at Lanxess chrome mine in Rustenburg are on an unprotected strike, the National of Union of Mineworkers says.

Lonmin tempers pay hopes

2013-05-14 12:13

Lonmin will tell unions to curb expectations of forthcoming wage talks, as it remains under pressure despite reporting higher than expected first-half earnings.

 

Anglo pulls out of Alaskan copper project

2013-09-16 12:16

Mining group Anglo American has withdrawn from the Pebble copper project in Alaska, one of the largest undeveloped copper deposits in the world.

Alexkor meets 93% of targets

2013-09-13 16:47

Mining company Alexkor has achieved 93% of its contracted key performance targets, Public Enterprises Minister Malusi Gigaba says.

Glencore halts $7bn Australian mine

2013-09-11 12:06

Mining giant Glencore Xstrata says it has put its proposed $7bn Wandoan open-cut energy coal project in Australia on hold as oversupply drags on prices.

Pan African names new execs

2013-09-09 12:49

Pan African Resources has named a new chief executive and financial director, the company says.

Lonmin appoints Glencore execs

2013-09-09 09:09

Platinum miner Lonmin, almost 25% owned by Glencore Xstrata, says it has assigned two executives from the commodities group to its board.

African Rainbow Minerals profits halved

2013-09-02 09:56

African Rainbow Minerals says its full-year earnings rose by 7% but profit halved after it took a R2bn hit on its investment in Harmony Gold.

Strike to hit gold sector

2013-08-30 14:30

The National Union of Mineworkers has served major gold miners with a notice of a strike over pay demands.

Migrant labour declining in SA

2013-08-29 20:24

Migrant labour in South African mines has decreased since the apartheid era, says researcher Kelly Forrest.

Solidarity to consult members on wages

2013-08-28 09:56

Solidarity has asked the Chamber of Mines for more time to consult its members about the new wage offer made by gold producers on Tuesday, it said.

AngloGold Ashanti reaches loan deal

2013-08-21 14:26

AngloGold Ashanti has secured a temporary relaxation in a financial ratio covenant on its revolving credit facilities in the face of volatile market conditions.

Anglo appoints CEO of copper business

2013-08-16 13:23

Global miner Anglo American says it has appointed Hennie Faul, currently group head of mining, as chief executive of its copper business.

Mali cuts gold output forecast

2013-08-14 13:46

Mali has cut its gold output forecast this year to 49 tonnes from 57 tonnes due partly to delays at Anglogold Ashanti's Sadiola joint venture, officials say.

CEO, CFO exit African Minerals

2013-08-14 09:54

Iron ore miner African Minerals says it is focusing on growth and that both its chief executive and its chief financial officer were leaving the company.

Job cuts loom as Exxaro mulls closure

2013-08-08 18:42

Coal miner Exxaro Resources says it is considering shutting down its money-losing New Clydesdale Colliery, putting more than 400 jobs on the line.

Anglo workers facing the axe

2013-07-31 14:07

AngloGold Ashanti will shed a substantial number of jobs across all its operations to cut costs, the mining company says.

Gemfields auction rakes in $31.5m

2013-07-22 12:31

Emerald miner Gemfields says it sold over half a million carats of rough stones at its first high-quality emerald auction in Lusaka, raking in $31.5m.

Motlanthe meets with major mining players

2013-07-03 14:40

Deputy President Kgalema Motlanthe has met with mining houses and trade unions in a bid to resolve issues bedevilling the mining sector.

Cosatu to march against 'attack' on NUM

2013-06-20 11:49

Cosatu in the North West says it will hold a series of marches at mines in the province over the next two weeks to ensure 'fair' treatment for union NUM.

Motlanthe convenes mining industry forum

2013-06-13 11:47

Deputy President Kgalema Motlanthe has convened a meeting of key role players in the mining industry to be held in Pretoria on Friday‚ the Presidency says.

Implats hit by illegal strike

2013-06-04 17:23

Workers have downed tools in an illegal strike at one of Impala Platinum's mines, a company spokesperson says.

Coal of Africa to shut SA colliery

2013-06-03 12:35

Coal of Africa says it plans to shut its Mooiplaats colliery in South Africa and will begin talks with unions and other parties on potential job cuts.

SA labour strife creating vicious cycle

2013-05-29 17:26

Labour unrest in the mining sector is plunging the economy into a vicious cycle that may spiral into stagflation, disinvestment and more social upheaval.

Mine salary talks on the cards

2013-05-20 17:36

The Chamber of Mines says it is gearing up for negotiations with mine unions to discuss wage demands for workers in the gold and coal mining sectors.

Labour unrest threatens rating - Moody's

2013-05-15 12:51

Revived labour unrest in SA's mining industry could impact its export competitiveness and threaten the economy's credit rating, analysts from Moody's say.

AngloGold CEO: SA asset spin-off futile

2013-05-13 11:33

The new CEO of AngloGold Ashanti says he did not see much value from splitting off the group's South African assets as rival Gold Fields has done.

 
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