South African platinum miners review wage demands, will march in Pretoria as strike, talks, go on
They still want monthly entry wages to start at US$1,200, more than double current levels.
Latest Stories
Glencore Xstrata logs $7.4bn net loss, eyes oil deal with Russia
Despite the gloomy results, the commodities giant revenues for the year jumped 9% to $232.6 billion
Worker dies at AngloGold Ashanti mine in South Africa
Preliminary investigations indicate the deceased, an electrician, was fatally injured in a heavy equipment incident.
New Prosperity assessment was ‘very damning’: Harper
Prime Minister Stephen Harper says the weight of the environmental assessment compelled his government to reject the New Prosperity mine proposal.
Chilean court revokes Barrick’s Pascua-Lama $16-million fine, but orders new ones
Far from being good news, the resolution orders Chile's environmental watchdog to charge Barrick for each and every of the 22 violations found in the project, instead of grouping them into five categories as it did the first time.
Molycorp shares jump on full year results, outlook
Molycorp says the Chlor-Alkali plant at its Mountain Pass, California rare earth mine is now operational, which should see it reach cash-flow break-even this year.
Iron ore price hits fresh 8-month low
Iron ore price weakness continues as Beijing cracks down on polluting steel plants and stockpiles jump again.
Putin lights fire under gold price
Safe haven buying and a weaker dollar boost gold price amid escalating tensions between Russia and the West.
Australia’s high-costs jeopardizing its mining, energy growth
Companies want to bring more foreign workers as a way to lower production costs.
