SA Mining Unions End Strike but Reject Platinum Miner's Offer

Source: Mineweb, Lawrence Williams (8/2/11)

"The wage increases are below union demand but higher than mining companies' original offer."

Mineweb, Lawrence Williams

The negotiations between members of South Africa's Chamber of Mines and the main mining unions have successfully concluded.

The Chamber of Mines said that the companies and unions involved have been able to find consensus on wage increases and other conditions of employment. The agreed compromise wage increases are below the union demand but higher than what the mining companies had originally offered.

The basic package is for the companies to increase wages as follows this year: Miners, artisans and officials will receive an increase of between 7.5% and 8%; category 5 to 8 employees between 8.5% and 9%; the minimum wage at entry level goes up by 10% in a package which benefits the lowest paid elements the most in percentage terms. . .View full article

Is a Commodities Super Cycle on the Way?
Source: Streetwise Reports (04/19/2024)

Are we at the start of a commodities supercycle? We sat down with McAlinden Research to see what they had to say about the current state of commodities.

Idaho Gold Project Could Produce One-Third of Critical Antimony for US
Source: Streetwise Reports (04/18/2024)

Perpetua Resources Corp.'s Stibnite gold project in Idaho is also expected to provide as much as 35% of the United States annual demand for the critical metal antimony. Find out why analysts are recommending this developer.

Vancouver Explorer Sees 'District-Scale' Project in Colo.
Source: Streetwise Reports (04/18/2024)

Metallic Minerals Corp. announces that all four holes drilled at its Newmont-backed La Plata project in Colorado intersected porphyry-style mineralization from the surface and over their entire lengths.

Field Work Points to Copper Porphyry at Idaho Asset
Source: Streetwise Reports (04/18/2024)

To prove this out, the Canadian company plans additional exploratory work, to commence next month. Read on to learn more about this compelling project.

Gold Co. Sets New Drill Targets for Mexican Project
Source: Streetwise Reports (04/18/2024)

Centenario Gold Corp., fresh off the results of its maiden drilling program at its Eden gold-silver property in Mexico, is outlining new drill targets across the property. At the same time, prices for the precious metal are taking off.