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/ 30 January 2008

SA mines set to resume production

South African mining companies were set to resume production this week after power failures brought the industry to a halt last Friday. Anglogold Ashanti said it expected all its mines would be in full production by the end of the week. Gold Fields spokesperson Willie Jacobsz said: ”All our mines are busy mobilising as the power flow is being restored.”

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/ 26 January 2008

Mines wake to power ‘nightmare’

The ”nightmare” of South Africa’s major gold, platinum and diamond mines shutting down because of power failures became a reality on Friday. ”Tens of millions of rands a day are being lost. It’s a nightmare,” said T-sec chief economist Mike Schussler. The JSE gold mining sub-sector closed almost 6% lower on Friday. The move contributed to the gold price rising.

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/ 15 November 2007

Work resumes at mine following union violence

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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