Subscribe & Follow

Advertise your job vacancies

Kusasalethu mine to re-open

5 Feb 2013

Shares in Harmony Gold Mining bounced off their multi-year lows on Monday (4 February) after the gold producer indicated that production at its Kusasalethu mine would resume in about six weeks time.

Harmony suspended its mining operations at Kusasalethu following a series of illegal underground sit-ins prior to the festive season break last year.

Bilateral discussions with unions - along with a Section 189 ruling‚ which gives mineworkers 60-days in which to enter into an agreement - were progressing well‚ said chief executive Graham Briggs.

The company reported a 28% increase in headline earnings per share to 158 cents in the quarter ended December despite a 9% decline in gold production due to unprotected strikes and labour disruptions at Kusasalethu.

Source: AFP via I-Net Bridge

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za