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A man rides his bicycle past the Lonmin mine outside Rustenburg, northwest of Johannesburg. Picture: REUTERS

Lonmin: victim of price falls and management wobbles

Platinum producer faces deepest crisis to date, hurt by downturn in metal, haunted by mixture of bad luck, management choices that are putting its survival at risk

NUM signs three-year wage deal with Northam Platinum

Platinum. Picture: REUTERS

National Union of Mineworkers says it has signed three-year wage deal with Northam Platinum for increases of up to 17% for lowest paid members

Gold Fields bond yields up as South Deep burns more cash

Picture: BLOOMBERG/KIYOSHI OTA

Bond market takes note of Gold Fields’ ‘perfect storm’: low gold price, South Deep’s cash burn and production delays

Gold mining companies table final wage offer

Elize Strydom.  Picture: MARTIN RHODES

After five weeks of talks gold mining companies table final wage offer to four unions in sector, saying offer will not be amended, even during mediation

Gold is out of fashion, like flared pants

Picture: AFP PHOTO/NOAH SEELAM

It has lost its attraction as a commodity and an alternative to currencies, writes Debarati Roy


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