October 16, 2012

Ivanplats raises $305 million in biggest global IPO since Glencore

Africa-focused Canadian miner Ivanplats Ltd, founded by billionaire Robert Friedland, raised over Cdn$300 million ($305 million) in its initial public offering in Toronto on Tuesday, after selling shares at $4.75…

October 13, 2012

Anglo American suffers losses of $126 million on wild cat strikes

The world's largest platinum producer has announced losses to revenue of $126 million as result of protracted labor disputes in South Africa.

October 12, 2012

South Africa: Mining labour unrest comes full circle

The intensity of the current wave of protest echoes the far-reaching Durban strikes in 1973, writes Lisa Steyn.

October 11, 2012

South African gold miners reject wage offer

Striking gold miners have rejected the industry's latest wage offer, the National Union of Mineworkers (NUM) said on Thursday, confirming mining companies’ fears of labour unrest lasting longer than expected.

October 8, 2012

Ruling party aligned union losing grip on South Africa mining

NUM's diminishing influence – blamed in part on its political affiliations and its perceived closeness to big business – is most striking at Impala Platinum's Rustenberg mine where its enrollment…

October 8, 2012

South Africa platinum industry to discuss new frameworks

South Africa's platinum mining industry met last week to look at a new dispensation for the sector with the help of professional facilitators.

October 8, 2012

Aquarius Platinum dives upon CEO’s sudden departure

Shares in Aquarius Platinum have plunged in the wake of the sudden departure of its CEO Stuart Murray.

October 7, 2012

Much ado about nothing

Still hold a hefty portion of your wealth in physical gold and silver

October 7, 2012

South African union leader shot dead near Lonmin mine: NUM

A branch leader of South Africa's National Union of Mineworkers (NUM) was shot dead on Friday near a mine run by platinum producer Lonmin as labor unrest sweeps the mining…

October 7, 2012

Anglo American Platinum is a disgrace – ANCYL

Amplats is a disgrace. The ANC Youth League is deeply disturbed and angered by the irrational and illogical firing of 12 000 workers by Anglo American Platinum (Amplat).