The National Union of Mineworkers (NUM) says it will be seeking pay hikes of up to 60% from the country's gold and coal producers in upcoming wage talks, which are expected to be among the toughest ever.
Brazilian multinational diversified metals and mining corporation Vale SA ‒ the world’s biggest iron-ore producer and second-largest mining company ‒ says it has recommenced the transport of coal from its Moatize mine in the north-western province of Tete in Mozambique.
Some miners at Anglo American Platinum Ltd. (AMS) plan to strike should the world’s biggest producer of the metal not drop by tomorrow a proposal to cut as many as 6,000 jobs. The shares fell to the lowest since August 2005.
After years of on-off talks, months of brinksmanship and often bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the US$30 billion acquisition of Xstrata today ‒ the mining industry's biggest takeover yet.