In The News South Africa

Minister Zwane’s Lily Mine promises ‘a publicity stunt’ – NUM youth

JOHANNESBURG – The National Union of Mineworkers Youth Structure (NUM-YS) on Tuesday said it was concerned by Mineral Resources Minister Mosebenzi Zwane’s “continuous failure” to assist workers at Lily Mine, saying his promises were a “populist stunt”. Mine workers Solomon Nyerende, Pretty Nkambule and Yvonne Mnisi were buried alive when the lamp-room container in which […]

Business In The News

Kumba Iron Ore earnings soar

JOHANNESBURG – Kumba Iron Ore pointed to a set of key interventions that reset the cost base and preserved cash as headline earnings per share (HEPS) increased by 131 percent to R27.30 for the year ended in December 2016, compared to R11.82 the previous year. Kumba, a subsidiary of Anglo American, said controllable costs were […]