Harmony Gold Mining Co. said workers reported for duty to avoid losing their jobs as South African strikes that started two months ago waned in the face of ultimatums from producers to more than 25,000 workers.
Lonmin Plc , the world’s third-largest platinum producer, may fall short of its annual output target by about 2 percent if a strike at its Karee mine in South Africa continues, RBC Capital Markets analyst Leon Esterhuizen said.
AngloGold Ashanti Ltd., the gold producer whose largest shareholder is billionaire John Paulson , said development of its key Colombia mine is delayed and will cost more than expected after it struggled to obtain permits.
Harmony Gold Mining Co. ’s Papua New Guinea mine is shaping up to be the world’s third-richest gold and copper deposit, raising speculation its partner in the venture, Newcrest Mining Ltd. , may make a takeover bid.
Aquarius Platinum Ltd., the world’s fourth-largest producer of the metal, said it may idle the Blue Ridge mine and instead expand its Everest operation in South Africa at a cost of about 850 million rand ($125 million).