Business In The News South Africa

SA gold wage negotiations continue despite NUM declaring dispute

JOHANNESBURG, August 21  – Wage negotiations between South African gold producers and three mineworker unions continued on Wednesday, despite one union pulling out and declaring a dispute with the employer. The National Union of Mineworkers (NUM) declared a wage dispute with the Minerals Council of South Africa on Tuesday. But the Association of Mineworkers and Construction […]

Africa Business In The News

Randgold finalises full commissioning of DRC Kibali gold mine

JOHANNESBURG, July 18 – Randgold Resources on Tuesday said completion of two remaining components – an underground shaft system and third hydropower plant – at the Kibali gold mine in the Democratic Republic of Congo (DRC), remain on track despite uncertainty caused by possible changes to that country’s mining legislation. Randgold chief executive Mark Bristow […]