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reuters

Kumba losing 120,000 tonnes daily from S.Africa strike

8 October 2012 By admin

JOHANNESBURG Oct 8 (Reuters) - Kumba Iron Ore is losing 120,000 tonnes of finished product per day due to an illegal strike at its Sishen mine in South Africa, the producer of the steel-making ingredient said on Monday. The company, a unit of global miner Anglo American, added that it had sufficient production from other mines and stockpiles to continue supplying its … [Read more...] about Kumba losing 120,000 tonnes daily from S.Africa strike

Xstrata’s Eland mine in S.Africa hit by strikes

8 October 2012 By admin

JOHANNESBURG Oct 8 (Reuters) - Workers at Xstrata's Eland platinum mine in South Africa have embarked on an illegal strike, leaving the plant operating on skeleton staff, a spokesman said on Monday, the latest in a wave of wildcat walkouts in the platinum sector. "We can confirm that Eland Platinum has been on strike since last Friday," company spokesman Christopher … [Read more...] about Xstrata’s Eland mine in S.Africa hit by strikes

S.Africa’s MTN hit by slide in Iran rial

8 October 2012 By admin

* Investors worried about rial impact on profit * Iran currency down a third in 2 weeks * MTN shares down nearly 5 pct this month By Helen Nyambura-Mwaura JOHANNESBURG, Oct 8 (Reuters) - The impact of Iran's currency slide has reached beyond its borders, hitting shares of MTN Group, the South African mobile operator that derives nearly a tenth of its revenue … [Read more...] about S.Africa’s MTN hit by slide in Iran rial

UPDATE 1-Soccer-World Cup blow for Dortmund’s Blaszczykowski, Hummels

8 October 2012 By admin

* Poland captain Blaszczykowski out for six weeks * Hummels will miss Germany's World Cup qualifiers (Adds detail, Hummels injury, changes slug) BERLIN Oct 8 (Reuters) - Poland's Jakub Blaszczykowski will miss the World Cup qualifier against England on Oct. 16 after being told he would be out for six weeks because of the ankle injury he sustained in Borussia … [Read more...] about UPDATE 1-Soccer-World Cup blow for Dortmund’s Blaszczykowski, Hummels

Head of S.Africa’s troubled state airline exits

8 October 2012 By admin

JOHANNESBURG Oct 8 (Reuters) - The chief executive of South African Airways has stepped down, the government said on Monday, just days after Pretoria promised to shoulder $600 million in loan guarantees for the struggling state-owned airline. The Department of Public Enterprises said in a statement Siza Mzimela had resigned and the airline's board would begin a search for … [Read more...] about Head of S.Africa’s troubled state airline exits

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