Nedbank: ‘Tough’ the new normal in African mining project finance

2015-09-03 14:47

Nedbank Capital's Mark Tyler says most African mining projects under consideration are unlikely to be financed unless gold and commodity prices pick up strongly.

Violent protest at Anglo's Mogalakwena mine

2015-09-02 18:36

A war has erupted between police and residents living near Anglo American’s Mogalakwena Platinum Mine as local citizens blockade roads, demanding jobs from the mining company.

Eqstra operating profit up despite challenges

2015-09-01 16:42

Eqstra Holdings has reported a rise of 10.6% in operating profit, driven primarily by improving efficiencies, restructuring and identifying excess assets.

SA seals mining jobs deal, proposes platinum plan

2015-08-31 12:40

With 12 000 jobs on the line, the mining industry, unions and government have signed a broad plan to stem a wave of job losses triggered by falling commodity prices.

King Zwelithini and the 21st century Zulu empire

2015-08-30 17:19

As King Goodwill Zwelithini puts the finishing touches on a massive land claim, he wants to use a mining boom to support his ambitions for a 21st century Zulu empire.

Amakhosi must drive mining initiatives on tribal land – King Zwelithini

2015-08-26 19:56

King Goodwill Zwelithini wants KwaZulu-Natal’s traditional leaders to drive a mining boom in rural parts of the province under the control of the Ingonyama Trust Board.

Huge focus on platinum in SA mine jobs plan

2015-08-26 12:17

The mining industry, unions and the government have committed to a broad plan to stem job losses, including promoting platinum as a central bank reserve asset.

Impala Platinum sees lower full-year earnings

2015-08-25 17:39

Impala Platinum has flagged lower full-year earnings, mainly due to efforts to ramp up output at its SA mines following a five-month strike in Zimbabwe mine.

BHP cuts China steel forecast as profits plunge

2015-08-25 12:02

BHP Billiton says its full-year profit has plunged as commodity prices tumbled and has cut its forecasts for steel demand and output in China, its largest customer.

Russia launches military drills in Arctic

2015-08-24 18:26

Russia has launched military exercises in the Arctic as it seeks to bolster claims to the region's vast hydrocarbon and mineral wealth.


Implats plunges on share-sale plan, profit slump

2015-09-03 14:33

Impala Platinum has slid the most in almost seven years after saying it plans to raise R4bn by selling shares as a slump in metal prices cut full-year profit.

SA needs to move away from 'staple' sectors - report

2015-09-01 19:40

South Africa needs to seek opportunities over and above ‘status quo’ sectors like mining to unlock growth and job creation, according to a McKinsey report.

400 jobs in balance as ArcelorMittal reviews operations

2015-08-31 14:51

ArcelorMittal SA has announced that it would begin consultations on the potential closure of its Vanderbijlpark and Vereeniging works.

Winning Women – Dr Elize Strydom: Negotiation’s gold standard

2015-08-30 18:40

Meet the chief negotiator for the Chamber of Mines, who uses her powers of persuasion to get mining houses and unions to see eye to eye in wage talks.

Ailing Lonmin brings down operational costs

2015-08-27 12:58

Battling from an ever decreasing share price, Lonmin says it has managed to stem the cost of mining the platinum group of metals.

Miner killed at platinum mine in Zimbabwe

2015-08-26 15:01

A miner has been killed at Mimosa platinum mine in Zimbabwe, the company says, adding that the relevant authorities have been informed and a full investigation is under way.

SA mining industry to sign jobs pact - govt

2015-08-25 18:54

The Department of Mineral Resources hopes to clinch a deal with mining companies and trade unions next week aimed at saving jobs.

High court reserves judgement as civil society groups push for entry into silicosis case

2015-08-25 16:32

South Africa's first class action case against the gold mining industry aims to win compensation for 200 000 miners affected by silicosis or TB and activists may know if they can testify by 28 August 2015.

AngloGold offers to buy back bonds to cut debt

2015-08-24 20:00

AngloGold Ashanti has offered to buy back $810m of high-yield bonds to cut the third-largest gold producer’s interest payments by almost a third.

Anglo American sells copper unit for $300m

2015-08-24 11:41

Anglo American has agreed to sell its Norte copper unit in northern Chile to a group of investors led by hedge fund Audley Capital Advisors.

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