Miner Anglo American has posted an annual net loss of $1.49-billion after taking a $4.6-million hit on its iron ore project and platinum assets.
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/ 14 February 2013
Changes to how companies operate are the only way the industry will survive, conference hears
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/ 14 February 2013
The level of beneficiation in South Africa is low despite the country leading in platinum group metals production
Gold Fields will list most of its local assets as a separate company, testing investor appetite for a mining industry battered by labour unrest.
Nationalisation of mines is firmly off the table, but there is still a lot of uncertainty about state intervention in South Africa’s mining sector.
Countries around the world have been asking what they are getting from the mining of their resources.
The ANC has become bold on policy recently, detailing the mining sectors in which it aims to increase the role of the state.
Amplats’s shares have fallen over 2% after it announced it had "constructive" consultations with government about the company’s restructuring plans.
South Africa has been criticised over political risk, but competitors have their own issues.
Analysts say Amplats, which is expected to post big losses, had no option but to scale back, writes Chantelle Benjamin.
First half of 2013 will remain tense as wage talks and possible job losses loom large, writes Chantelle Benjamin.
Medupi’s strategic importance has outweighed all attempts to save the stricken Mokolo River.
Campaigners say most of the illegally siphoned money ends up in offshore banks and tax havens and can be traced to mining multinationals.
The Farlam commission has revealed that the claim for R12 500 originated in extra-union bargaining. Kwanele Sosibo reports.
Strikes and a slowdown in consumer spending are having a knock-on effect on the South African economy, writes Lynley Donnelly.
Gold Fields has announced the creation of Sibanye Gold Limited, a new company formed through the unbundling of its subsidiary GFI Mining South Africa.
Although South African mines are holding their own globally, they face unique cost challenges.
Western retailers could be forced to source their diamonds elsewhere to protect their businesses, writes Alan Martin.
Zanu-PF hopes the mining company’s concession to empowerment will help the party score political points in the country.
The effects of the recent strikes are expected to impact on results for the last quarter of the year. Chantelle Benjamin reports.
After a week that saw mounting arrests to counter the spreading strikes, the Trotskyite Democratic Socialist Movement paused to plot a way forward.
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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.
Although the National Union of Mineworkers has welcomed the police action, mine workers want their colleagues freed, writes Kwanele Sosibo.
Workers have held Sishen mine hostage with demands far higher than their peers elsewhere. The developments have left the company dumbfounded.
Striking workers at Kumba Iron Ore’s Sishen mine have disrupted training of workers, following a postponed bail hearing.
Former activist Ben Turok says a lack of common understanding about beneficiation has delayed SA from transforming its minerals to usable goods.
Although Andries Masha is nostalgic for a time "when we didn’t struggle", he is realistic about the fact that "you can’t run away from the mining".
Platinum company Kameni’s promised sharing of profits has left communities, in Kalkfontein and Buffelshoek underwhelmed, writes Niren Tolsi.
A slow, sure, violent implosion appears to be building in South Africa’s largest and formerly most powerful union – the National Union of Mineworkers.
Kameni and Kameni Investments were founded by businessperson Loucas Pouroulis and registered in 2006.
The intensity of the current wave of protest echoes the far-reaching Durban strikes in 1973, writes Lisa Steyn.
The wage agreement at Lonmin’s Marikana mine was widely welcomed, but now appears to have triggered a deepening crisis in the mining industry.