News

Kusasalethu mine image

Harmony and unions agree, Kusasalethu to reopen

Gold major, Harmony Gold announced that its Kusasalethu mine – closed since 20 December last year – will reopen in a phased process, following the successful conclusion of an agreement with the various trade unions representing the majority of all...
modikwa mine image

African Rainbow Minerals’ profit dips

Diversified miner African Rainbow Minerals (ARM) announced on Tuesday that its headline earnings for the six month period ending December 2012 fell by 30% to R1.41 billion, compared to R2 billion in the first half of the 2012 financial year. The...

Wesizwe outshines struggling PGM sector

Despite extreme turmoil and financial difficulties in the mining sector recently, particularly for PGM companies, junior platinum company Wesizwe Platinum reported a R9.7 million consolidated profit for its 2012 financial year. This consolidated...