Diversified mining firm Anglo American might sell its platinum assets in South Africa, valued at $1.4 billion (R15bn), next year, Deutsche Bank speculated yesterday in a note.
A sale would increase fair value for Anglo’s stock by 13 percent to … Read the rest
President Jacob Zuma called for reflection to restore peace in South Africa’s mining industry Wednesday, days before the first anniversary of police shooting dead strikers in the Marikana tragedy.
Friday marks a year after police opened fire on thousands of … Read the rest
South African President Jacob Zuma said on Monday that mining companies were almost engaging in “blackmail” when they announce plans to close mines and lay off workers.
Zuma’s pre-recorded comments broadcast on CNBC Africa come as the government, unions and … Read the rest
Striking mineworkers who had gathered at Gold Fields’ KDC west mine near Carletonville on Saturday morning have dispersed, the company said.
Spokesman Sven Lunsche said the area was calm and protesters had returned to their hostels.
Wage talks between the … Read the rest
Yesterday NUMSA, the National Mineworkers Union of South Africa, issued a document replete with Marxist references to the class struggle, calling for the nationalisation of mines in South Africa. It based its policy position on two fundamental ANC documents: the … Read the rest