Sasol mulling bid for Chevron assets

47 minutes ago

Sasol is “assessing the opportunity" of making an offer for Chevron’s assets, which the Strategic Fuel Fund has also expressed interest in buying.

Exxaro coal assets on the line over diving prices

2016-06-29 09:05

Exxaro Resources could sell or close some of its coal assets as part of a strategic review to cope with a slump in commodity prices, says financial director Wim de Klerk.

Investor-friendly policies will grow SA firms in Zim - experts

2016-06-24 16:20

Zimbabwe’s export sector could benefit significantly from investor-friendly policies and resultant ramp-ups in mining and agricultural production, say experts.

Rio's revamp hints at potential $9bn BHP-style spinoff

2016-06-22 11:31

Rio Tinto Group is seemingly putting about $9bn of unwanted assets from coal and uranium to Canadian iron ore into a single basket ready to spin off.

BHP flags 'another 10yrs' as iron ore adjusts after boom

2016-06-21 12:27

The iron ore market will take longer to balance out than other commodities as excess supply may take years to be absorbed after a boom, according to BHP Billiton.

Probe after worker killed at Harmony mine

2016-06-20 22:15

Investigations are underway after a mining employee was killed while working underground at Harmony’s Phakisa mine, management says.

Northam miners back at work after murders halted operations

2016-06-15 08:58

Employees have returned to the Northam Platinum's Zondereinde mine, ending an eight-day stoppage spurred by the murders of two of their colleagues in union rivalry.

Northam miners want safety following murders

2016-06-10 12:21

Mine unions say their members will only return to work at Northam Platinum's Zondereinde operation when conditions are safe.

Chinese companies could buy Glencore's Kazakh mine

2016-06-09 19:15

Reports indicate that Chinese gold producers Shandong Gold Mining and Zhongjin Gold Corporation are among potential bidders for Glencore's gold mine in Kazakhstan.

Glencore sells Agri stake for R9.3 billion

2016-06-09 10:43

Glencore has agreed to sell just-under a 10% stake in its agriculture unit to Canada’s British Columbia Investment Management for $624.9m in cash.


Rio gives away stake with $51bn reserves

2016-06-30 10:00

Rio Tinto Group has given away its stake in the company that owns an abandoned mine in Papua New Guinea with potential copper and gold reserves worth $51bn.

AngloGold plans to buy back $475m of high-yield bonds

2016-06-28 13:10

AngloGold Ashanti says it plans to redeem about $475m outstanding on a $1.25bn high-yield bond that was issued in 2013.

Jeffery: Govt killing the goose that lays the golden eggs. Unshackle mining.

2016-06-24 08:00

The draft revision of mining BEE rules is just another chain on what once was a sector that competed amongst the world’s best, says an analyst.

Zim state diamond miner produces 500 000 carats

2016-06-21 14:10

Zimbabwe's new state-owned diamond miner has produced 513 000 carats since March when it started operations, its acting CEO says.

Amplats sees profit falling on platinum drop, tax adjustment

2016-06-21 11:44

Anglo American Platinum has said first-half profit will probably be at least 20% lower after a tax gain boosted earnings in the previous year.

Platinum output not keeping up with cost hikes, say miners

2016-06-16 10:36

Depressed metal prices and continued above-inflation increases in labour and other input costs present a major challenge to the industry, say platinum miners.

SA Mining Charter: Madness continues, job-killing transformation paramount

2016-06-14 07:33

Solidarity's Gideon du Plessis dispassionately assesses the ANC's proposed new Mining Charter, concluding that transformation has now taken precedence over all else.

Anglo American warns of job scam asking for money

2016-06-09 20:17

One of the world's largest mining companies, Anglo American Platinum, says a job scam - in which fraudsters pretend to represent the company in a bid to extract personal information from unsuspecting members of the public - is doing the rounds.

Manufacturing output goes up, while mining production dips

2016-06-09 13:00

Mining production has decreased by 6.9% year-on-year in April with iron ore being the largest negative contributor, while manufacturing output increased by 2.9%.

NUM union to decide whether to return to work at Northam

2016-06-08 09:03

Members of NUM will decide if they will return to work at Northam Platinum's Zondereinde mine, which was shut after violent clashes between rival unions.

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