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The National Union of Mineworkers (NUM) has been on strike since 6pm on Sunday at Kumba Resources and the union will be consulting its members at 6pm on Monday regarding Kumba’s…
The world’s largest diamond miner, De Beers, on Friday said it expects the outlook for the global rough diamond market for the second half of 2006 to be difficult. "It has been a…
Lafarge South Africa on Friday signed a R1,1-billion empowerment deal with consortium Sinako that may result in 26% of its quarries and 10% of its manufacturing businesses in…
The five-person panel appointed by the Treasury to study the possibility of imposing a windfall tax on petrochemicals group Sasol and state-owned PetroSA on Thursday issued a…
The strike by trade union Solidarity’s members at petrochemicals group Sasol is set to enter a second day after a meeting held with the company did not lead to any resolution of…
South African petrochemicals group Sasol on Thursday announced that the R1,45-billion Tshwarisano black economic empowerment (BEE) transaction has been successfully concluded. In…
Africa’s largest steel producer Mittal Steel SA will cut 800 jobs through voluntary severance packages by the end of 2006, CEO Davinder Chugh said on Thursday. Of these 800 jobs,…
Trade union Solidarity and resources company Kumba Resources started the first day of their annual wage negotiations with Kumba tabling an offer of 4%, while Solidarity demanded…
World number-five gold miner Harmony Gold is taking a fresh look at its business model in the light of the prevailing bull market in gold, which is creating a new generation of…
As expected, South Africa’s third largest gold producer Harmony Gold reported its eleventh consecutive quarterly headline loss due to the Christmas break, a reduction in grades…
World number-four gold miner Gold Fields on Tuesday reported March quarter net earnings per share after exceptional items of 76 cents compared with 56 cents in the December 2005…
After starting very close to a record high, the JSE was lower at midday on Friday due to the increase in Chinese interest rates, which has sparked fears about the effect that…
Mining exploration company Wits Gold, which is planning to list on the JSE at the end of April, will provide investors seeking leverage a long-term option on the gold price…
The price of platinum on Thursday surged to an all-time high of $1 086 an ounce, eclipsing its previous all- time best of $1 085/oz established on February 3, on the…
Africa’s largest steel group, Mittal Steel South Africa, on Wednesday expressed disappointment at the decision by Minister of Trade and Industry Mandisi Mpahlwa to scrap the 5%…
Junior platinum miner Eland Platinum made its debut on the JSE on Wednesday after raising R525-million via a private placing. The capital is to go towards building the…
Gold exploration company Wits Gold was likely to list on the JSE in the middle of April as part of the company’s strategy and to increase the company’s profile, chief executive…
Nine rescue teams were fighting an underground fire at Simmer and Jack Mines’ (Simmers) Buffelsfontein mine in the North West province on Thursday in a race against time to reach…
The JSE all-share index on Monday moved within just over 100 points of an all-time high due to stronger world equity markets, firm metals prices and a weaker rand, equity traders…
China’s annual gold output is currently increasing at a rate of 5% a year, and by 2009 the country could surpass South Africa or Australia as the world’s number one gold miner,…
