SOUTH AFRICA

Harmony sees no threat from PNG ownership

Gold bullion
The CEO of Harmony Gold, the world's fifth largest gold producer, said reported plans to shift mineral ownership in Papua New Guinea to local communities from the state would complicate negotiations but nationalisation was not being discussed.
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Carletonville

S.Africa mine union rejects revised Implats offer

South Africa's National Union of Mineworkers members at Impala Platinum on Friday rejected a revised pay rise offer from the world's second largest producer of the precious metal and will refer the dispute to arbitration.
Striking workers

Amplats ups offer in S.Africa platinum pay talks

South Africa's National Union of Mineworkers said Anglo American Platinum (Amplats), the world's largest platinum producer, again raised its wage offer on Friday, trying to head off a strike that could cause a jump in global prices of the precious metal.
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South Africa to Charge Unit of AngloAmerican

South Africa's government will lay criminal charges against Kumba Iron Ore over its application for a mining right over the company's Sishen mine it did not yet own, a lawyer for the minerals department said Wednesday.
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European Trading Nudges Gold Higher

Gold edged higher for a third day on Wednesday, propelled by investor unease over the fate of the euro zone after a Franco-German summit yielded no lasting solution to the regional debt crisis and riskier assets such as stocks eased.
South African rands

SAfrica's rand falls 2 pct, stocks snap 4 days of gains

South Africa's rand fell as much as 1.9 percent against the dollar on Tuesday, weighed down by a weak growth outlook for the country's main trading partner bloc and showing the worst performance among its emerging market peers.
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S.Africa civil servants reach wage deal with gov't

Unions representing more than 1 million South Africa state workers said on Tuesday they had reached a wage increase deal with the government to avert a mass strike that could have slowed Africa's largest economy.
World Bank Chief Robert Zoellick pauses while speaking at the Asia Society's annual dinner in Sydney

World Bank Chief: Nations Must Tackle Global Debt Mess

The World Bank chief Tuesday called for national governments to seek long-term debt curbs to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.
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Zoellick: Governments should deal with global debt woes

The World Bank called for national governments to seek long-term debt curbs on Tuesday to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.
Strikers

S.Africa's municipal workers strike over wages

More than 200,000 South African municipal workers walked off the job on Monday, a trade union said, in a strike which intensifies labour strife that has rocked Africa's biggest economy.
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Harmony Gold Posts Drop in Quarterly Profit

Harmony Gold, the world's fifth largest gold producer, reported a 67 percent drop in quarterly profits that fell short of market expectations as power rates and the costs of a troubled asset it recently bought took a bite from its earnings.

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