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Africa
 
LABOUR

Lonmin accelerates union recognition process to ease Marikana tensions

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Platinum producer Lonmin , which on Friday welcomed the return to work of its employees following a two-day unprotected strike this week, said that it would accelerate certain aspects of the union membership recognition process at Marikana to ease...
17th May 2013
 
 
PEOPLE

Infrasors CEO Robinson steps down

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JSE-listed Infrasors Holdings has announced the resignation of CEO Trevor Robinson, with effect from May 31.  Robinson headed up the South African resources company since September 27, 2009.
17th May 2013
 
 
BASE METALS

DRC sees copper concentrate ban in full force by July, August

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Democratic Republic of Congo (DRC) expects its ban on the export of copper and cobalt concentrates to come into full force by July or August, as it presses mining companies to process and refine the metals within its borders, the Mines Minister...
17th May 2013
 
 
LABOUR

AMCU threatens to bring South Africa to 'standstill'

0 COMMENTS
The leader of South Africa's biggest platinum mining union on Friday threatened to bring Africa's top economy "to a standstill" and demanded a meeting with President Jacob Zuma, ramping up the rhetoric in an 18-month labour crisis. The rand, which...
17th May 2013
 
 
TRADING

Eqstra buys back 8m shares

0 COMMENTS
Contract mining and equipment group Eqstra Holdings spent R49.8-million from April 30 to May 6 to buy back almost eight-million shares. The firm had since delisted all 7 985 504 shares on the JSE, reducing the shares in issue by 1.9% to...
17th May 2013
 
 
COAL

MRI further delays briquetting project

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AltX-listed Mine Restoration Investments (MRI) has again delayed the commissioning of its briquetting project, with commercial commissioning now set to start in July, and full production expected in September. This followed an announcement in...
17th May 2013
 
 
RARE EARTHS

Critical alternative rare earths sources still not secured since China’s 2010 export restrictions

0 COMMENTS
Following the global economic downturn of 2008/9 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earths crisis”, there has been a glut of new rare earths projects starting out, yet few have...
17th May 2013
 
 
GOLD

Gold falls further in longest losing streak in four years

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Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead. Gold has lost...
17th May 2013
 
 
STRIKE ACTION

Amplats says SA miners report for morning shift

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Miners at South Africa's Anglo American Platinum reported for work on Friday, a company spokeswoman said, despite earlier calls for a strike by some union leaders. Amplats spokeswoman Mpumi Sithole said all workers had reported for the morning...
17th May 2013
 
 
RARE EARTHS

Critical alternative rare earths sources still not secured since China’s 2010 export restrictions

0 COMMENTS
Following the global economic downturn of 2008/09 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earth crisis,” there has been a glut of new rare earths projects starting out, yet few have...
17th May 2013
 
 
COAL

Mozambique unit of India's JSPL dispatches first coal shipment

0 COMMENTS
The first shipment of coal mined by JSPL Mozambique Minerals at its Chirodze operation in the Tete province of the African country has been exported to India from the port of Beira. The shipment amounted to 36 600 t and was loaded on to the...
17th May 2013
 
 
LABOUR

Amplats strike plans suspended

0 COMMENTS
Plans for a strike over retrenchments at Anglo American Platinum's (Amplats) Rustenburg operation have been suspended, the workers' committee said on Thursday. "We decided to wait until Friday to see how the company responds to the issue," said...
16th May 2013
 
 
 
 
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