Lonmin to cut jobs, close shafts amid platinum slump
The planned 6 000 job cuts include contractors and staff who took voluntary redundancy packages offered in May.
African Rainbow profit rises despite iron ore slump
A weaker rand has help profits at Patrice Motsepe’s mining company rise despite a fall in iron ore prices.
Northam expansion bets on a rise in platinum prices
The platinum miner seeks to up its production in expectation of a deficit on platinum supply from 2018 onward.
Lonmin sells shares to meet BEE deadline
The platinum miner will sell shares to the Bapo ba Mogale community in a bid to meet a black ownership target of 26% by 2015.
Kumba first-half profit falls 16% as iron-ore prices slump
The Anglo American unit which had enjoyed sky-high iron ore prices in the past now faces a decline in profits as the metal price drops.
Amplats may sell SA mines as strike hits profit
Anglo American Platinum, may sell some mines after profits for the first half of the year fell 88%, following a five-month strike.
Amplats profit likely wiped out by five-month strike
Ahead of the release of its full earning report, Anglo American Platinum said it expects it finances were adversely affected by industrial action.
New mining minister steps up strike intervention
Two days after taking up his post, Ngoako Ramathlodi has established an intergovernmental technical team to resolve the strike in the platinum belt.
Tiger Brands writes off R850-million in Nigeria’s Dangote Flour
Writing off the investment in Africa’s largest economy will see the food company’s earnings half of that achieved in the previous financial year.
Lonmin to cut jobs unless workers halt 15-week strike
Lonmin chief executive Ben Magara has said that the company will need to cut jobs if the workers do not return to work soon.