The prospect of fresh strikes in South Africa's already embattled mining sector resurfaced over the weekend after representatives of the National Union of Mineworkers (NUM) said the union would seek pay rises of up to 60% from gold and coal producers.
The Chamber of Mines of Zimbabwe, which represents companies including platinum giant Impala Platinum Holdings Limited, has rejected a proposal for the state to control mineral production and prices.
The National Union of Mineworkers (NUM) says it will be seeking pay hikes of up to 60% from the country's gold and coal producers in upcoming wage talks, which are expected to be among the toughest ever.
West African-focused gold miner Randgold Resources Limited has entered into a US$200 million unsecured revolving credit facility with HSBC and three other banks.
The government of Zimbabwe is facing criticism for a number of what is being referred to as ‘secretive mining deals being made without any consultation with communities and other stakeholders.
After years of on-off talks, months of brinksmanship and often bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the US$30 billion acquisition of Xstrata today ‒ the mining industry's biggest takeover yet.