Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.
Copper price sinks to 10-month low after new report says mine capacity representing 6% of current production will come on stream over the next six months.
The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.
With mines back in operation and some already up to full production, various companies such as Impala Platinum, Diesel Power and Sibanye Gold will be taking to market a variety of redundant and surplus plant and equipment via an online auction.
Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.
Harmony Gold, Sibanye Gold Ltd., and AngloGold Ashanti named among the top candidates to consider deals.
Anglo's chief warned the company plans to take severe measures over the next two years.
Speaking at a 300-plus delegate event in Germany RPM’s CEO, Mr. Richard Mathews said there is an ongoing productivity Transformation in mining, which is set to challenge conventional thinking.
The Canadian junior has entered into an arms-length definitive acquisition agreement with private South African companies.
It would also create a a 15-kilometre long ‘‘super pit’’ from the union of Rio’s Mount Thorley Warkworth and Glencore’s Bulga open-pit mines.
Coal currently generates about 36% of global electric power, according to the energy watchdog.
New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.
Bridgette Radebe, chairwoman of Mmakau Mining and president of the South African Mining Development Association, is known for being one of Africa’s first black female mine owners.
"All that's required is to hand the world’s best mining assets to the world’s best management."
Sibanye has started talks with unions and other stakeholders about possible job cuts at its Cooke 4 mine to boost profits and productivity.
Platinum and gold sectors among the worst performers due to labour strikes that cripple the industry early this year.
Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.
Analysts predict could fetch between $10 million to $16 million.
The miner has revealed a major restructuring involving a plan to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.
A group of 11 chief executives of firms operating in West Africa have called for more international support to combat the deadly virus.
A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.
It has given 20% to 20 local groups, 3% to black entrepreneurs and managerial employees, and another 3% to historically disadvantaged South African staff.
There's a history there of course. Just ask Mick Davis.
Palladium drops sharply from 13-year highs. Sister metal platinum close to wiping out 2014 gains.
But platinum slide continues despite Ukraine escalation.
The “Blue Moon" will go on public display in three weeks' time in Los Angeles, California.
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