Van Vuuren

Lonmin to cut jobs, close shafts amid platinum slump

The planned 6 000 job cuts include contractors and staff who took voluntary redundancy packages offered in May.

African Rainbow profit rises despite iron ore slump

A weaker rand has help profits at Patrice Motsepe's mining company rise despite a fall in iron ore prices.

Northam expansion bets on a rise in platinum prices

The platinum miner seeks to up its production in expectation of a deficit on platinum supply from 2018 onward.

Lonmin sells shares to meet BEE deadline

The platinum miner will sell shares to the Bapo ba Mogale community in a bid to meet a black ownership target of 26% by 2015.

Kumba first-half profit falls 16% as iron-ore prices slump

The Anglo American unit which had enjoyed sky-high iron ore prices in the past now faces a decline in profits as the metal price drops.

Amplats may sell SA mines as strike hits profit

Anglo American Platinum, may sell some mines after profits for the first half of the year fell 88%, following a five-month strike.

Amplats profit likely wiped out by five-month strike

Ahead of the release of its full earning report, Anglo American Platinum said it expects it finances were adversely affected by industrial action.

New mining minister steps up strike intervention

Two days after taking up his post, Ngoako Ramathlodi has established an intergovernmental technical team to resolve the strike in the platinum belt.

Tiger Brands writes off R850-million in Nigeria’s Dangote Flour

Writing off the investment in Africa's largest economy will see the food company's earnings half of that achieved in the previous financial year.

Lonmin to cut jobs unless workers halt 15-week strike

Lonmin chief executive Ben Magara has said that the company will need to cut jobs if the workers do not return to work soon.

Lonmin to restart smelting in anticipation of strike end

Lonmin will recommence smelting this month as it expects an end to the 15-week strike that has crippled its operations.

Striking miners scared to return to work, says Lonmin

The platinum strike has entered its 11th week and employees want to return to work but are being intimidated, says Lonmin chief executive Ben Magara.

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