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‘Adversarial’ SA relations add to job cuts – Anglo

Country’s mining industry has underperformed global peers in recent years.

Zambia’s CEC delays plan to cut power supply to mines

Mining firms warned they would have to close processing plants and shed jobs.

Zimbabwe to cut royalties levied on small gold mines

Plans to cut royalties from 3% to 1% from September to boost output from the sector.

ArcelorMittal profit falls 21%, maintains full-year target

As iron-ore prices slumped and Chinese steel exports rose.

South African gold companies table final offer

Increases close to Village Main Reef wage agreement.

Lonmin: victim of price falls and management wobbles

Platinum producer Lonmin is facing its deepest crisis to date.

NUM signs 3-year wage deal with Northam Platinum

The deal only applies to workers at Northam’s Zondereinde mine.

Kinross mulls more job cuts at Mauritania mine

Looking for ways to reduce costs at its higher-cost mines amid sliding metals prices.

Kenya’s senate passes mining law

The law will grant the government a 10% stake in new projects.

Union Resources bids around $136m for Amplats mine

Amplats still weighing IPO and sale for the disposal of Union and Rustenburg.

Zimbabwe misses first half tax target

Mining royalties and value added tax plunged, reflecting a struggling economy.

Mozambique’s coal rush is officially over

‘At this stage Mozambique is not a coal story any more.’

Eskom open to coal imports for new power plants

One possibility for imports is Mozambique, where a coal boom has cooled.

Africa’s biggest gold deposit becomes burden as prices plunge

And the bond market’s taking note.

NUM lowers gold wage demand by 9.5%

‘We are prepared to negotiate and meet them halfway.’

Zambia power cuts hit First Quantum, Barrick

Power utility Zesco is limiting supplies to customers, including mining companies.

Mozambique port accident deals blow to Vale project

The company’s Moatize coal project has been beset by logistical problems.

NUM says signs wage deal with Village Main Reef

Putting more pressure on bigger gold mining companies.

Acacia second-quarter profit falls 70%

Profit dropped 70% after mining costs rose and bullion prices slid.

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