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Unions taking SA gold sector in downward spiral

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Posted by admin 10 hours ago (http://www.miningmx.com)
The South African gold sector will soon start negotiating wages with employees which, when granted, will be the third salary increase in 12 months.

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SA gold wage talks kicked off by NUM

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Posted by admin 22 hours ago (http://www.miningmx.com)
The Chamber of Mines declines to confirm speculation NUM wants a 60% increase in gold miner wages but says the union has made its first position known.

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Ramaphosa begins withdrawal from business

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Posted by admin 1 day 10 hours ago (http://www.miningmx.com)
Cyril Ramaphosa, newly elected deputy president of the ANC, set to work unravelling his business ties today, resigning from the boards of two prominent companies.

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Metmar through the worst of volatile market

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Posted by admin 3 days ago (http://www.miningmx.com)
Metmar CEO, David Ellwood, believes the metals trading company is through the worst of a difficult market in which he acknowledges his firm was too defensive.

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Don't panic, it's just the mining cycle

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Posted by admin 3 days ago (http://www.miningmx.com)
There's a lot of long faces in the mining industry, but shouldn't we expect spending cuts and plummeting stock prices? This is after all, a fundamentally cyclical market.

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SA shares choked as gold may test $1,300/oz

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Posted by admin 4 days ago (http://www.miningmx.com)
Problems with "SA Inc", and gold price weakness, turned the heat up again on the country's gold shares which continued to slide.

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Wage talks are mission critical for South Deep

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Posted by admin 4 days ago (http://www.miningmx.com)
Gold Fields needs its South Deep mine to start ramping up successfully which makes wage talks from end-May something of a crucible moment for the group.

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Amcu flexes muscle as Lonmin strike ends

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Posted by admin 5 days ago (http://www.miningmx.com)
The likely end of a strike at Lonmin's Marikana mine underpins the influence of Amcu among the mine's workers after its president urged a return to work earlier.

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