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Gold Fields Q1 production up 10%

South Africa’s Gold Fields Ltd said on Thursday its quarterly bullion production increased by 10 percent with a recovery in production at its South Deep mine after a six-week strike. Gold production for the quarter ended March. 31 rose to 542,000...

Sibanye-Stillwater lowers valuation for miner Lonmin

South Africa’s Sibanye-Stillwater on Thursday revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about 60 million pounds ($77 million) less than originally proposed. Lonmin said Sibanye was...

AMCU says it hasn’t broken labour laws

South Africa’s militant AMCU union said on Friday that it was complying with the country’s labour laws, disputing a government notice which said it could be de-registered for breaking rules governing how unions should operate. The Association of...

Sibanye-Stillwater and AMCU conclude gold strike

Trade union AMCU has ended its five-month long strike after reaching an agreement with Sibanye-Stillwater. This comes following a meeting between the union and the mining company. At a joint briefing yesterday, Head of Investor Relations at Sibanye...