JOHANNESBURG Oct 23 (Reuters) - Gold Fields, the world's fourth-largest bullion producer, said on Tuesday it fired 8,500 striking workers at its KDC East mine in South Africa. Spokesman Sven Lunsche said the company issued dismissal notices and the employees now have 24 hours to appeal their sacking. © Thomson Reuters 2012 All rights … [Read more...] about Gold Fields fires 8,500 at S.Africa’s KDC East
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UPDATE 3-Gold Fields fires 8,500 strikers at S.Africa mine
* Gold Fields sacks 8,500 illegal strikers * Harmony tells miners to report for work Thursday * Harmony says strike cost it 13,000 ounces in lost production * AngloGold Ashanti ultimatum ends Wednesday By Olivia Kumwenda and Sherilee Lakmidas JOHANNESBURG, Oct 23 (Reuters) - South Africa's Gold Fields sacked 8,500 wildcat strikers on Tuesday after … [Read more...] about UPDATE 3-Gold Fields fires 8,500 strikers at S.Africa mine
S.Africa’s Growthpoint to buy Fountainhead
JOHANNESBURG Oct 23 (Reuters) - South Africa's biggest property group Growthpoint offered to buy rival Fountainhead Properties on Tuesday, in a cash and share deal that values the company at more than 10 billion rand ($1.14 billion). Growthpoint will offer 35 shares for every 100 held by Fountainhead shareholders. Growthpoint would also pay off Fountainhead's existing … [Read more...] about S.Africa’s Growthpoint to buy Fountainhead
Euro Coal-Prices fall $1/T with oil
LONDON, Oct 23 (Reuters) - Prompt physical coal prices dropped by up to $1.00 a tonne on Tuesday in line with oil's $2 a barrel fall on concerns about slowing economic growth and the eurozone debt crisis. Brent crude futures fell more than $2 to the 100-day moving average on Tuesday. Despite the coal price fall on Tuesday, prices have remained in the same range of … [Read more...] about Euro Coal-Prices fall $1/T with oil
Rand falls 2 pct on S.Africa mining strikes, weak euro
* Rand pressured by domestic and global woes * Longer end of yield curve steepens on issuance expectations JOHANNESBURG Oct 23 (Reuters) - South Africa's rand tumbled more than two percent against the dollar in afternoon trade on Tuesday as labour unrest in the mining sector combined with concerns about the slowing global economy to drive investors out of the local … [Read more...] about Rand falls 2 pct on S.Africa mining strikes, weak euro
