R/€ = 15.48 Change: -0.01
R/$ = 13.24 Change: -0.02
Au 1285.90 $/oz Change: 11.51
Pt 974.00 $/oz Change: 2.00


Resources Watch 

By: Creamer Media Reporter      13th September 2012 Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. This week: Patrice Motsepe says a line has to be drawn on union demands. Eskom is asked to integrate any additional new-build options into its tariff... 

AMCU-dominant Two Rivers is lowest-cost platinum producer – Mike Schmidt 

By: Martin Creamer     4th September 2012 Two Rivers platinum, where the emerging Association of Mineworkers and Construction Union (AMCU) has been the majority labour union for the past 18 months, is the best-cost producer on the eastern limb of the Bushveld Complex, with excellent output, Mike Schmidt, CEO of the black-controlled... 

Line has to be drawn on union demands – Motsepe  

By: Martin Creamer     3rd September 2012 Employers had to set a limit on unreasonable pay demands by labour unions, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe said on Monday. “We have to draw the line,” Motsepe reiterated in response to Mining Weekly Online during question time, after the JSE-listed... 

ARM squeezes out 2% earnings rise as nickel, chrome take battering

By: Martin Creamer     3rd September 2012 JSE-listed black-controlled diversified mining company African Rainbow Minerals (ARM) squeezed out a 2% increase in headline earnings after being battered by falling nickel, chrome and platinum prices. The contribution to headline earnings by nickel and chrome plummeted 179% and platinum-group... 

31/08/2012 (On-The-Air) 

By: Martin Creamer     31st August 2012 The government of Papua New Guinea has the right to take up 30% ownership of a gold project South Africans are developing on the South East Asian island; The labour-ravaged platinum sector is talking about ditching its decentralised bargaining system and replacing it with centralised bargaining;... 

Cash-gushing Harmony levers 80% profit rise off 36% gold price hike  

By: Martin Creamer     16th August 2012 South African gold major Harmony Gold increased its operational profit by 80% in the 12 months to June 30, against a gold price increase of 36%. “That’s what I call great leverage, when you’ve got a gold price going up 36% and the company increases its profits by 80%,” says Harmony Gold CEO... 

Briggs agrees to extended term at Harmony

By: Idéle Esterhuizen     23rd July 2012 South Africa's third-largest bullion producer Harmony Gold said on Monday that its CEO Graham Briggs, who would have retired in the next year, agreed to remain with the company for another four years. “Graham has done good work as CEO of Harmony and is doing outstanding work in Papua New Guinea.... 

Politically connected BEE players lose iconic status - report 

     9th July 2012 Black economic-empowerment (BEE) business leaders who succeeded in the past predominantly through political clout, rather than entrepreneurial initiative, were no longer regarded as iconic, a new study by the Reputation Institute South Africa has found. The survey, RepTra Leader South Africa... 

Resources Watch  

By: Creamer Media Reporter      15th March 2012 This week: Patrice Motsepe says the ANC document’s on mining tax are a worry. The Saldanha manganese rail study is presented to Transnet. And, there’s a strong economic case for lifting the shale exploration ban. 

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