Strike punishing platinum, value sharing proposal, junior miner incentive

The plight of South Africa’s platinum-mining industry is far more crucial than most South Africans seem to acknowledge;Anglo American Platinum's Vishnu Pillay puts forward a proposal of value sharing;Finance Minister Pravin Gordhan keeps support...

Dawid Stander returns to Bokoni

Joint venture partners Anooraq and Anglo American Platinum (Amplats) on Wednesday appointed Dawid Stander as MD of Bokoni Platinum Mines, effective February 1. Stander, who was working as an independent consultant for the past two years,...

JV operations more productive, says major platinum producer

Primary producer of platinum-group metals Anglo American Platinum (Amplats) says productivity, measured in squared metres for every operating employee each month, at its joint venture (JV) operations tends to be higher than that achieved by its...

Resources Watch

This week: Anglo Platinum’s Vishnu Pillay says its joint venture platinum profile is poised for growth; Kumba opens automated iron-ore sampling plant; And, South Africa is Eickhoff’s base for its global continuous coal miner lift off.

Gold Fields’ extreme makeover to achieve 20% margin irrespective of gold price

JSE-listed gold major Gold Fields will be re-engineering its operations in order to achieve a minimum 20% profit margin after all operational and capital expenditure, says Gold Fields CEO Nick Holland.

Gold Fields, which is chasing a...

Gold Fields wants 20% margin irrespective of gold price

JSE-listed gold major Gold Fields would be re-engineering its operations in order to achieve a minimum 20% profit margin across the group after all operational and capital expenditure, Gold Fields CEO Nick Holland said on Thursday. Gold Fields,...

Gold Fields spotlights unrivalled riches of one-of-a-kind South Deep gold mine

South Africa's second-largest gold-miner Gold Fields on Wednesday put new emphasis on the unrivalled gold riches of its one-of-a-kind South Deep gold mine by announcing yet another crucial milestone that will enable the megamine to hit a tonnage...

Power tariff increases will see electricity’s share of Gold Fields’ operating costs soar to 20%

Mining giant Gold Fields executive vice-president for the South African region, Vishnu Pillay says that, with the recent approval of State-owned power supplier Eskom’s electricity tariff increases of 24,8%, 25,8% and 25,9% for the next three...

NUM suspends planned strike at Gold Fields mines

South Africa's powerful National Union of Mineworkers (NUM) said on Tuesday that it had decided to suspend its planned strike action at Gold Fields' South African operations. The crippling strike action was supposed to start on Sunday, March 7,...

Gold Fields faces strike action at South Africa operations

South Africa's powerful National Union of Mineworkers (NUM) has threatened to down tools at all Gold Fields' South African operations over a system testing the ability of employees to work underground and plans to introduce a six-day working...

19 mining firms commit to poverty reduction, Gold Fields to cut another 50 MW of power, more disposals this year by Anglo American

Nineteen mining companies, one of them China linked, last week agreed to use their combined influence to reduce poverty and foster development. Read on page 17 of this edition of Mining Weekly of all the large concerns being members of the...

Resources Watch

This week: diamond giant De Beers opens the Diamond Route in South Africa; gold producer Great Basin Gold eyes the mid-tier horizon; and, Gold Fields discusses the latest issues concerning its mines.