Quick fixes are inadequate to prevent damage from gold mining’s legacy, but the long-term plan of treating AMD could relieve water shortages
Mining areas on the West Rand are ecologically dead because of poor rehabilitation
The government has to make tough decisions about social grants in the face of poor economic performance
Management remains committed to honouring the payouts in the wake of the accident but says what is owed to miners must be settled first.
The chance that the miners trapped underground at Vantage Goldfields’s Lily Mine will be found alive has faded along with the miners’ tapped signals.
Asset managers have advised mining companies to reign in the colossal salaries being awarded to chief executives.
Sibanye Gold says it will refuse to raise wages above the rate of inflation as gold producers and unions remain locked in talks over pay.
Goldfield’s decision to spin its SA operations off and create Sibanye Gold appears to be paying off after it reported a 63% profit increase.
Sibanye Gold says it has started talks that may lead to job cuts at its Beatrix West operation after an underground fire hit output and revenue.
Gold Fields will list most of its local assets as a separate company, testing investor appetite for a mining industry battered by labour unrest.
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/ 19 October 2012
After nearly two months of wildcat strikes, mine workers are divided some are throwing in the towel, whereas others are sticking to high wage demands.
The myriad problems confronting South Africa come at a highly inconvenient time for the African National Congress, writes Rapule Tabane.
Widening talk of the dispute over pay issues escalating into a ‘crisis for capital’ is raising serious questions about who is behind it all.
Julius Malema is being helped to foment his "mining revolution" by ANC backers, according to senior youth league figures who continue to support him.
Acting head of the South African Broadcast Corporation’s news department Jimi Matthews says he would never "follow the herd" in his news coverage.
Julius Malema visited striking workers at the Westonaria Goldfields mine. He lambasted the ANC and told the workers to fight. Watch the video.
An SA lawyer says he is preparing to sue leading gold miners on behalf of former miners who contracted respiratory ailments such as silicosis.
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/ 4 February 2010
Gold Fields is still on track to hit its quarterly gold output target of 1-million ounces, despite another expected dip in output this quarter.
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/ 15 November 2007
Work is to resume at Goldfield’s Beatrix mine in the Free State on Thursday following clashes between workers that saw four people die. ”Employee groups have been in discussions all day and have reached agreement to return to work and deal with the issues they’ve had in an amicable manner,” said a Goldfields spokesperson.
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/ 15 November 2007
The death toll following a clash at a National Union of Mineworkers (NUM)’s meeting at Goldfields’ Beatrix mine in the Free State, has risen to four, a mine spokesperson said on Thursday. Two people were clubbed to death and died at a meeting of about 750 NUM members on Tuesday night.
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/ 17 October 2007
The JSE was over 200 points in the red by midday on Wednesday, as the United States consumer slowdown continued to weigh on Wall Street and the weakness spilled over onto global markets. However, some indices posted gains, even though the broader all-share index was down.
The JSE was firm at midday on Wednesday, driven higher by sharply stronger banks and financial stocks. By noon, the all-share index had collected 0,49% as banks and financials advanced 3,07% and 2,30% respectively. The platinum mining index recovered 0,94% and resources edged up 0,12%.
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/ 6 September 2007
The JSE all-share index held onto its gains at midday on Tuesday, with the resource index shining brightly — underpinned by good buying interest in resource stocks Anglo American and BHP Billiton. By noon, the all-share index rose 0,50%. Resources advanced 1,25% and the gold mining index edged up 0,38%.