Uganda oil bonanza growing

2014-08-29 22:29

Uganda's estimated oil reserves have almost doubled to more than 6.5 billion barrels based on new estimates.

Survival of the fittest in the new iron age

2014-08-28 17:15

The spot iron ore market is sinking under the weight of new supply, says Reuters columnist Andy Home.

SA mining at a crossroads

2014-08-27 20:08

Mining in SA is facing perhaps the most uncertain time in its history, with lower rates of investment and major mining houses slimming down to core businesses.

Chile copper mine plans one-day strike

2014-08-26 20:29

Contract workers at Chilean copper mines are planning a one-day strike next month, demanding changes to labour laws, a union says.

Shabangu was aware of Marikana violence

2014-08-26 11:37

Former mineral resources minister Susan Shabangu says she was aware of the strike-related unrest at Lonmin's Marikana mine in August 2012, but regarded it as a labour matter.

Late filing delays Aurora court bid

2014-08-25 20:33

A bid to hold the bosses of Aurora Empowerment Systems liable for the collapse of the Pomodzi mines has been delayed by the late filing of opposing papers.

Billiton: We’re not pulling out of SA

2014-08-24 17:41

BHP Billiton's decision to list some of its assets into a new company is not a divestment and is overwhelmingly positive for SA, says finance head Graham Kerr.

Fall in gold prices won’t crush Gold Fields

2014-08-22 19:15

Gold Fields boss Nicholas Holland has assured investors that the group is well prepared to shoulder a decline in gold prices.

Gold Fields clarifies historic claim

2014-08-22 11:40

Gold Fields has issued a statement regarding a historic claim relating to a period of time prior to purchasing the company involved.

Gold Fields earnings up on low-cost mines boost

2014-08-21 10:28

Gold Fields has reported a rise in quarterly profit despite a fall in prices and production as output increased at its lower-cost mines.

Unions will not buy Amplats mines

2014-08-21 07:00

Mining unions Amcu and NUM say they have no plans to buy two mines Amplats is selling off as it seeks to focus on more profitable, mechanised operations.

Silver miner Hochschild's core profit rises

2014-08-20 11:00

Precious metals miner Hochschild Mining has reported a 4% rise in first-half adjusted core earnings, helped by its aggressive cost-cutting programme.

Gem Diamonds core earnings jump 87%

2014-08-20 10:24

Gem Diamonds has reported an 87% jump in first-half underlying core earnings as it sold more diamonds at higher prices.

Harmony to close shaft, 1 500 jobs on line

2014-08-19 12:57

Harmony Gold will temporarily close its Target 3 shaft because it is bleeding money, a move that could affect up to 1 500 jobs.

BHP unveils $14bn spin-off, profit up 8%

2014-08-19 10:04

BHP Billiton will spin off a roughly $14bn company to shareholders, offloading assets it acquired in its 2001 merger with Billiton.

Implats warns of sharp fall in profits

2014-08-15 16:36

Impala Platinum has issued a stark profit warning, saying full year earnings would fall by up to 75%.

Gold mine reboot shows challenge facing platinum

2014-08-15 09:03

The experience of Harmony Gold provides a warning for investors and metals traders banking on SA's platinum sector making a swift recovery from the strike.

Northam Platinum set to snap up new mines

2014-08-14 15:43

Northam Platinum is looking at buying mines in the strike-hit industry after it made a full-year loss because of a protracted strike.

Marikana families blame Lonmin

2014-08-14 12:48

Families of miners who died at Marikana in August 2012 have criticised Lonmin for its role in the wage dispute and violence.

Harmony Gold falls into loss as write-downs bite

2014-08-14 10:30

Harmony Gold fell to a steep fourth-quarter loss because of a R1.4bn write-down on an expansion project at its Phakisa operation.

Lekgotla tackles mining woes

2014-08-13 20:10

Transformation is one of the key challenges in the mining industry, that also needs better collective bargaining and living conditions for workers.

Mining communities march on Lekgotla

2014-08-13 17:38

Hundreds of people from mining towns have marched on the mining lekgotla in protest over not being included in matters affecting the industry.

Merafe promises dividends, lower debt

2014-08-13 11:08

Merafe Resources has stayed a darling among investors after the company committed to continue paying dividends and cutting its debt.

AngloGold reports smaller loss

2014-08-11 11:10

AngloGold Ashanti has reported a narrower loss for the second quarter, after reporting that miners are resuming operations in their quake-hit mines.

Gauteng ANC plans mining buyout - report

2014-08-10 08:28

The Gauteng ANC plans to table a Zimbabwe-style policy that could see government forcing mining houses to sell shares in a move that could be construed as a subtle form of nationalisation, according to a report.


Implats mulls mechanisation

2014-08-29 06:00

Impala Platinum has warnedof a tough time ahead on the cost front, and its CEO says it is looking at modernising the workplace and will mechanise where it can.

Implats reviewing options to restore profits

2014-08-28 09:54

Impala Platinum has posted a drop in earnings after most of its SA operations had been hit by a wage strike and it is reviewing options to restore profits.

Aurora managers must pay back millions

2014-08-27 06:00

The former managers of Aurora Empowerment Systems and some of their family and friends have been ordered to repay over R15m to the company's liquidators.

Lonmin dismisses job cut reports

2014-08-26 17:42

Lonmin says its immediate focus is to achieve a safe ramp-up of production in order to rebuild the business and restore profitability.

Zuma nephew: I am not answerable for Aurora

2014-08-26 08:27

President Jacob Zuma's nephew Khulubuse Zuma says he was not responsible for the day-to-day management of Aurora and therefore cannot be blamed for its collapse.

No more Aurora court delays, say liquidators

2014-08-25 07:55

A R1.7bn claim against miner Aurora Empowerment Systems' insolvent estate involving Zondwa Mandela and Khulubuse Zuma is set to continue in the Pretoria High Court.

R1.7bn Aurora claim continues

2014-08-24 12:40

Liquidators want Aurora bosses, including Nelson Mandela's grandson Zondwa Mandela and President Jacob Zuma's nephew Khulubuse Zuma, to own up for the fraudulent running of the company.


Gold Fields boss Nicholas Holland tells Fin24 that there are rewards for those who believes in the future of the gold market, but they must have patience.

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Ebola outbreak could hit iron ore production

2014-08-21 16:15

London Mining, has an operating mine in Sierra Leone, has reported a first-half loss saying the outbreak of the deadly Ebola virus could hurt production.

Exxaro Resources earnings up

2014-08-21 09:22

Diversified resources group Exxaro has reported a rise in first-half earnings on as it lifted coal exports on the back of a weaker rand.

Glencore fulfills pledge with $1bn buyback

2014-08-20 14:03

Commodities group, Glencore, has become the first of the large miners to honour promises to return cash to shareholder.

Implats closes Zimplats mine

2014-08-20 10:32

The Bimha mine in Zimbabwe, operated by Impala Platinum's subsidiary Zimplats, has been closed, says Implats.

BHP raises full-year profit

2014-08-19 16:30

Anglo-Australian mining giant BHP Billiton has posted a full-year profit and says it would offload non-core assets to a new entity.

Mexico files complaint against mine in acid spill

2014-08-19 11:29

Environmental authorities have filed a criminal complaint against a copper mine that spilled 38 million litres of acids into two rivers that supply water to tens of thousands of people in northern Mexico.

Petra Diamonds to mine about 3.2m carats

2014-08-18 10:00

Petra Diamonds says it will mine about 3.2 million carats in its financial year, an increase of 3% from the previous year.

Mining giant BHP flags demerger plans

2014-08-15 13:11

Global mining giant BHP Billiton says it could spin-off unwanted assets to focus on top tier commodities such as iron ore, copper, coal and petroleum.

Slog back bodes ill for platinum trio

2014-08-15 06:00

The experience of Harmony Gold provides a warning for investors and traders banking on the platinum sector making a swift recovery from the crippling five-month strike.

Gold miner Centamin's Q2 profit nearly halves

2014-08-14 13:30

Gold miner Centamin's second-quarter core earnings have nearly halved as it mined lower-grade ore at its key Sukari mine in Egypt.

Northam Platinum swings to loss after strike

2014-08-14 11:28

Northam Platinum has fallen into a loss because of a protracted strike at its key operations.

Radebe: Minerals belong to people as a whole

2014-08-14 09:54

Minerals by definition belong to the people as a whole and should become a reality in mining industry equity, says Minister in the Presidency Jeff Radebe.

Mining sector is in crisis, says Sangqu

2014-08-13 18:37

The mining sector needs to acknowledge it has a crisis on its hands, says Chamber of Mines state intervention in the minerals sector committee chair Andile Sangqu.

Mining must benefit majority: Ramatlhodi

2014-08-13 11:30

"We have a unique opportunity to change this industry for the better, to ensure that it represents our ideals," Mineral Resources Minister Ngoako Ramatlhodi says.

Merafe soars on 134% jump in earnings

2014-08-12 13:09

Shares of Merafe Resources have jumped after the ferrochrome producer said first-half earnings and production have more than doubled.

Gold Fields: South Deep licence not at risk

2014-08-11 10:51

Gold Fields says government has expressed concern about its social and labour plans, but believes the licence at its flagship South Deep mine is not in jeopardy.

Ebola: ArcelorMittal issues force majeure

2014-08-08 23:18

ArcelorMittal has declared force majeure over Ebola and mining firms are acting swiftly, while production ticks over in West Africa's iron ore and gold fields.

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