He added that wildcat strikes, particularly in the platinum and gold sectors in recent months, have cost South Africa dearly.
This is a landmark transaction for Vedanta, which is joining domestic peers in catching the flood of US dollars being unleashed by central banks.
NUM wants earnings to go up from $530 to $850 per month for underground workers.
The city of Rustenberg (pictured) is the centre of South Africa's platinum belt where mineworkers are keeping up job action.
Talks between labour and management continue.
Mine workers refuse to go underground and all 13 Marikana shafts are not functioning.
Gold production was down 11%.
CFO Srinivasan Venkatakrishnan who unwound Anglogold's costly hedge book appointed CEO.
Company discusses its thermal coal mine and power generation station.
No one was injured.
Anglo Gold Ashanti and BHP Billiton paid salaries of National Union of Mineworkers members.
The company cited low prices and productivity as reasons for the decision.
The miner's first-quarter output was higher across most commodities including copper, iron ore and diamonds.
Company forecasts 13.4 million carats during the mine's 25-year life.
Labour disputes also affected the country's gross domestic product and credit rating.
Great news from bellwether for industrial demand and globe's top commodity consumer spurs broad advance in metal and stock prices.
New deadline for completion is May 2.
Nelson Mandela's daughter Zindzi; Dudu Myeni, a close associate of President Jacob Zuma, and Cyril Ramaphosa's business partner James Motlatsi are some of the beneficiaries of Gold Fields's controversial South Deep empowerment deal in South Africa.
Anglo American Platinum may cut as many as 14,000 jobs and mothball two mines.
She said investors need to understand “what it really takes to deliver projects.”
South Africa's second-biggest coal miner supplies all of the country's coal-powered electricity plants.
Gold and platinum production could be stopped all together.
Hedge funder John Paulson set the ball rolling on the breakup of large gold producers. Some miners see it the same way.
International mining executives believe the industry is in the midst of a transition from a blue collar to a white collar workforce.
The world’s third-largest producer of the precious metal will see its first-quarter production reduced by about 20,000 ounces.
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