ARTICLES RELATING TO MINING

Lonmin completes BEE credits

2014-11-26 15:46

Platinum producer Lonmin has completed three deals to make up its remaining 8% black economic empowerment credits, it says.

Iron ore price drop creates a steal - Exxaro

2014-11-24 16:45

Even though pessimistic analysts feel that iron ore may have further to fall because of the current over-supply in the market, Exxaro is a strong buy, says Craig Martin.

BHP Billiton signs R10bn empowerment deal

2014-11-24 13:13

BHP Billiton has agreed to sell its Bayside casthouse in Richards Bay to Isizinda Aluminium, a broad-based black economic empowerment consortium.

African Minerals mulls mine stake sale

2014-11-21 18:30

African Minerals will seek to sell part of its stake in the Tonkolili iron ore mine in Sierra Leone in what analysts say is a last-ditch effort to stay afloat.

Glencore wins interdict against NUM strike

2014-11-20 09:16

Glencore has won an interim interdict in the Labour Court against the National Union of Mineworkers conducting a secondary strike at its Optimum Coal mine.

Gemfields' South African boss has big plans

2014-11-19 12:33

Gemfields CE Ian Harebottle is aiming for a $1bn business in the next 18 months and says in two to three years' time he may even ask 'shall we buy De Beers'?

Top platinum producers launch investment body

2014-11-18 12:07

Six of the world's biggest platinum producers have launched a dedicated body to promote the precious metal as an investment vehicle.

Glencore Xstrata to shut mine during Christmas

2014-11-14 13:50

Mining and commodities giant Glencore Xstrata says it will close its Australian coal mines for three weeks during Christmas owing to weak prices and oversupply.

Indian company to invest in African zinc

2014-11-13 11:15

India's Sesa Sterlite will invest $782m over a three-year period in southern Africa to tap the region's large undeveloped deposits of the metal.

Weaker rand helped mining financials

2014-11-11 13:48

The weaker rand helped to offset financial pressures facing the mining industry in the year ended June 2014, according to a mining report.

Lonmin to cut R2bn of costs

2014-11-10 18:26

Lonmin says it will cut more than R2bn of costs and set a higher hurdle for new projects after being dragged into the red this year by a bruising five-month strike.

Lonmin posts $326m loss after strike

2014-11-10 10:15

Lonmin has met analysts' forecasts with a $326m annual pre-tax loss, hurt by a five-month mining strike.

Eastern Platinum announces trading halt

2014-11-07 12:06

Eastern Platinum has requested the voluntary suspension in trade of its ordinary securities on the Toronto Stock Exchange.

Randgold quarterly gold production rises

2014-11-06 14:34

Randgold Resources' quarterly production from its African gold mines have risen to 28% more than in the same period the previous year.

SA gives Canadian firm mining rights

2014-11-06 06:00

Ivanhoe Mines has been granted a licence to develop a large platinum group metals mine for a renewable 30-year period.

Video

Wescoal CEO Andre Russel Bojé speaks to Fin24 after the group announced an increase of 92.8% in revenue to R897.8m for the six months ended September 30.

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BHP tests 40-yr US ban on crude exports

2014-11-05 10:54

BHP Billiton is planning to ship ultra light oil from the US without government permission, a move that will test a four-decade ban on crude exports.

Harmony's net loss narrows on output hike

2014-11-05 08:53

Bullion producer Harmony Gold says its first-quarter loss narrowed by 78% to R226m as production rose.

AngloGold Ashanti production up

2014-11-03 18:11

AngloGold Ashanti's production increased has 8% year-on-year for the third quarter of 2014.

AngloGold hit by price, inflation pressures

2014-11-03 11:45

Africa's top bullion producer AngloGold Ashanti has reported a sharp fall in third-quarter earnings, in the face of a lower gold price and higher tax charges.

Zambia may be backing off mine royalty rates

2014-10-31 18:37

There are indications Zambia may be backing away from plans to impose a 20% royalty rate on open pit mining in the country.

Lonmin: One year without fatalities

2014-10-29 17:50

Platinum mining company Lonmin has gone a full year without a death at its operations, it says.

Gold miner eyes biogas to power trains

2014-10-29 06:00

A South African gold mining firm could be the first globally to fuel trains with biogenic gas formed over millennia deep beneath the ground.

BHP Billiton to limit annual capex to $14bn

2014-10-27 17:52

BHP Billiton says it expects to limit annual capital expenditure to $14bn after a planned demerger next year.

DRDGold share price jumps on quarterly report

2014-10-24 17:32

DRDGold has announced an increase in gold production for the quarter ended September 30 2014.

 

Gemfields unearths rare ruby in Mozambique

2014-11-26 12:20

British miner Gemfields has found a 40.23-carat rough ruby in Mozambique, and termed it as "one of the most important rubies unearthed in recent times".

Hulamin buys BHP's SA aluminium casthouse

2014-11-24 15:02

Aluminium-products maker Hulamin is part of a group which has signed a deal to buy a casthouse from BHP Billiton, sending its shares higher.

Guptas to list energy company on JSE

2014-11-23 16:34

The Gupta family intend listing a uranium mine on the Johannesburg Stock Exchange to raise R800m.

Gold Fields dips on lower output

2014-11-20 09:50

Bullion producer Gold Fields has posted a 6% drop in third-quarter earnings after its flagship South Deep mine saw an 18% decline in production.

Bid to make mines safer

2014-11-19 19:35

An initiative to make mining safer and provide skills to workers has been announced at the mine health and safety summit held, says the Chamber of Mines.

Big five gold mines to tackle lung disease

2014-11-18 19:01

Five of the country's largest gold mining companies have formed an industry working group to address occupational lung disease.

Barloworld posts profit on after-market sales

2014-11-17 11:21

Barloworld has been hit by slack demand from the mining sector and in Russia the ongoing Ukraine crisis has also put pressure on demand.

Shares in African Minerals dive on funding woes

2014-11-13 21:09

Shares in African Minerals, struggling to shore up its battered finances, tumbles on concern over short-term funding.

NUM neglected its duty, says lawyer

2014-11-11 16:15

The National Union of Mineworkers failed to properly represent rock drill operators prior to the 2012 strike at Lonmin, the Farlam Commission of Inquiry has heard.

AngloGold Ashanti plans to cut jobs

2014-11-11 13:15

AngloGold Ashanti is planning to cut staff through voluntary severance packages as the bullion producer feels the pinch of lower gold prices and rising costs.

Lonmin results dominated by strike impact

2014-11-10 13:36

The five-month strike in the platinum sector has caused a loss of 391 000 saleable ounces over the last financial year, mining company Lonmin reports.

Zim to remove tax on locally polished diamonds

2014-11-07 12:08

Zimbabwe is considering removing tax royalties on locally cut and polished diamonds, in a move to add value to minerals and attract investment.

Gold firms plan drastic cuts to survive

2014-11-07 06:00

Struggling gold producers are increasingly planning to scrap dividends, cut jobs, halt projects and shut mines to survive the latest price plunge.

Gem Diamonds to sell first Botswana diamonds

2014-11-06 10:46

The first diamonds recovered from Gem Diamonds' new mine in Botswana will go on sale in February, the company says.

Zuma advisor an Aurora director - liquidator

2014-11-05 16:25

Claims by President Jacob Zuma's legal advisor Michael Hulley that he had limited involvement in Aurora Empowerment Systems are false, MPs have heard.

Wescoal bets on new mine as a game changer

2014-11-05 15:31

Wescoal has posted a solid interim financial results and the junior miner is set to further improve margins and profitability, says CEO Andre Bojé.

Harmony may cut jobs as gold slumps

2014-11-05 10:43

Harmony Gold has reported a further quarterly loss and suggested it might have to cut jobs as it contends with a depressed gold price and operational problems.

Glencore copper output up 8%

2014-11-04 09:45

Glencore has posted an 8% rise in copper output in the first nine months of the year and says its trading arm performed in line with expectations.

Canada miner sinks $70m into new Zim shaft

2014-11-03 13:01

Toronto-listed Caledonia Mining is to sink a new shaft at its Blanket gold mine in Zimbabwe at a time when other mining investors are treading carefully.

Harmony takes on illegal mining

2014-10-31 19:04

Illegal mining at Kusasalethu posed a real threat to health, safety and the viability of the mine, says Harmony Gold.

Implats not yet at full production

2014-10-29 11:15

Impala Platinum's operations have yet to return to full production due to four fatal accidents, and after being hit this year by a five-month strike.

Share benefits to save mining - analysts

2014-10-28 06:00

Mining companies need to re-examine and expand their business models to unlock benefits for communities to help make mining sustainable, say experts.

China coal mine accident kills 16

2014-10-26 12:38

Sixteen workers have been killed after a coal mine collapsed in China's far western region of Xinjiang, the official Xinhua news agency reported.

Amplats operations shake off strike blues

2014-10-24 12:47

Anglo American Platinum has resumed full production a month earlier than scheduled as operations bounced back from a five-month strike.

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