Exxaro posts 6% drop in adjusted earnings

2015-03-05 09:07

Coal producer Exxaro says its adjusted full-year earnings have fallen 6% due to an impairment charge of R5.8bn related to an iron ore project in the Congo Republic.

Gupta firm to pay for dismissing mine captain

2015-03-04 15:20

A father of four from Rustenburg is set to receive substantial compensation from the Gupta-owned Westdawn Investments, trading as JIC Mining Services.

Gold Fields to spend up to $500m on mines

2015-03-04 06:00

Bullion producer Gold Fields can afford to spend $300 to $500m on an acquisition but is only interested in working mines, says chief executive Nick Holland.

Mining bill faces another hurdle

2015-03-01 20:00

It will be several more months before the major overhaul of South Africa’s mining law is finalised, making new investment in the sector more or less impossible.

Glencore cuts Australia coal output on weak demand

2015-03-01 11:15

Mining and commodities giant Glencore Xstrata says it is reducing its coal production in Australia by 15 million tons amid weak global demand and oversupply.

Zimplats slips on low prices and mine closure

2015-02-27 13:35

Impala Platinum's Zimbabwe-based unit Zimplats reported a significant half-year profit drop due to lower metal prices and the write-off of its Bimha mine.

Implats says no job cuts in Rustenburg revamp

2015-02-26 16:26

Impala Platinum will revamp its Rustenburg mines to boost productivity, but staffing levels will stay the same at the centre of often violent labour unrest, its chief executive says.

Zambia ex-minister guilty of corruption

2015-02-25 22:21

Zambia's former mines minister has been convicted of corruption for his role in the award of prospecting licences to a Chinese mining company in 2009.

Gideon du Plessis: Time for turnaround in SA mining chain of promises

2015-02-24 18:50

There appears, in mining, to be an everlasting chain of promises by those uninvolved in the direct implications, the outcome invariably falling short.

Billiton boosts European shares to 7-yr high

2015-02-24 14:30

European shares have hit 7-yr highs after BHP Billiton's positive results, and expected cost savings at network operator Telefonica Deutschland from its E-Plus buy.


Thirty-three miners killed in Ukraine

2015-03-04 23:03

Thirty-three miners have died in an explosion at a coal mine in the rebel stronghold of Donetsk in eastern Ukraine.

SA, Canada sign mining agreement

2015-03-04 06:37

South Africa has signed a memorandum of understanding with Canada on co-operation in mining development, with a particular focus on the junior to mid-tier mining sector.

Royal Bafokeng earnings up on sales, cost cuts

2015-03-03 08:54

Royal Bafokeng Platinum says its full-year earnings have risen 38% due to higher sales, cost cuts and as currency weakness lifted the rand price of its metals.

Khulubuse Zuma goes to court over R1.5bn Aurora claims

2015-03-01 12:17

Khulubuse Zuma has lodged an urgent court application to have claims of about R1.5bn against Aurora Empowerment Systems set aside.

Graft lands ex-mines minister in jail

2015-02-28 09:52

Zambia's former mines minister Maxwell Mwale has been jailed for a year on graft charges linked to the irregular issuing of a mining licence to a Chinese firm.

Sibanye Gold not keen on Implats Marula mine

2015-02-26 19:19

Sibanye Gold, which says it wants to expand into platinum, says it is not interested in Impala Platinum’s Marula mine.

Implats aims for smaller Rustenburg operation

2015-02-26 10:26

Impala Platinum aims to modernise its Rustenburg mines, the centre of labour unrest in recent years, into "smaller, more concentrated mining" operations.

Temporary labour reprieve for SA miners in Zim

2015-02-25 08:40

A wage hike settlement agreed by Zimbabwean mineworkers and their employers has provided the miners with a temporary labour dispute respite.

Lonmin COO resigns, board member quits

2015-02-24 16:04

Lonmin chief operating officer Johan Viljoen has resigned, the company has reported in a statement.

Zim cops claim gold rush

2015-02-24 05:00

Police vehicles may have transported gold ore from a new lucrative gold claim in Zimbabwe.

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