reuters

* Alpha cuts 9 pct of workforce due to U.S. demand slump * Oil slides below $114 a barrel LONDON, Sept 18 (Reuters) - Bids and offers for prompt coal cargoes were several dollars apart on Tuesday at around $83-$88 a tonne for South African material, although prices were little changed and no fresh trades were reported. Oil slid to under $114 a barrel, extending … [Read more...] about Euro Coal-Prices stable, bid-offer spreads wide apart

MARIKANA, South Africa Sept 18 (Reuters) - Striking miners at Lonmin's Marikana platinum in South Africa accepted a company offer of a 22 percent overall pay increase to end more than five weeks of crippling and bloody industrial action. Workers gathered at a soccer pitch near the Marikana mine cheered when they were informed of the 22 percent offer, and said they would … [Read more...] about Lonmin strikers accept pay offer

JOHANNESBURG, Sept 18 (Reuters) - South Africa's rand strengthened 1.23 percent to 8.1660 against the U.S. dollar on Tuesday after workers at Lonmin's Marikana mine said they had accepted an offer for a 22 percent pay rise and look to return to work on Thursday. © Thomson Reuters 2012 All rights reserved … [Read more...] about S.Africa’s rand firms after Lonmin workers accept offer

LONDON, Sept 18 (Reuters) - Platinum prices slid 2.8 percent on Tuesday after striking miners at the world's number three producer of the metal, Lonmin, accepted an offer of a 22 percent pay rise to end more than five weeks of crippling industrial action. Workers gathered at a soccer pitch near Lonmin's Marikana mine said they would return to work on Thursday. Spot … [Read more...] about Platinum falls 2.8 pct as striking miners accept pay deal

* Rand rallies as Lonmin workers accept offer * Strong demand for the short-end of the yield curve JOHANNESBURG, Sept 18 (Reuters) - South Africa's rand rebounded on Tuesday against the U.S. dollar while shorter-dated bond yields dipped after Lonmin workers said they have accepted a 22 percent pay rise to end a strike that shook Africa's largest economy. The … [Read more...] about Rand rallies after Lonmin workers accept offer