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Profit-sharing plan at South African mine changing workers lives

As workers in South America and Indonesia strike for better wages and to receive more of a share of mineral wealth wrought by rising copper prices, a mine in South Africa is handing over cash to its employees. The Financial Post reports on Kumba Iron Ore's employee share ownership scheme, whereby workers who have been at the mine more than five years can earn a lump sum of 345,000 rand (about US$43,000).

Global aluminum demand to slow in 2012, says top producer

Norsk Hydro, one of the world's top aluminum producers, sees growth in global aluminum demand weakening in 2012 as a result of economic turbulence that is creating a weak market and pushing many industry players into the red. In a press release, Hydro's President and CEO Svein Richard Brandtzæg showed confidence in the market and he company, despite the fact Hydro's stocks dropped 2.9 percent after the prediction.