End in sight for costly platinum strike

2014-04-18 10:11

Platinum producers have made a new wage offer in a bid to end a three-month strike at their mines that has hit 40% of global output of the industrial metal.

Whither SA's platinum sector?

2014-04-17 11:03

Curing the problems of platinum production may seem a simple matter but in reality may well be impossible, says an economist.

Evraz appoints new CEO

2014-04-16 16:44

The steel and vanadium producer Evraz Highveld has appointed a new chief executive as the company struggles to return to profitability.

Glencore to buy Chad oil firm

2014-04-14 22:00

Glencore Xstrata has agreed to buy Caracal Energy - a deal that will allow the commodity giant to expand in the oil sector.

Metal-hungry China buys Glencore mine

2014-04-14 14:20

A Chinese consortium has bought the Las Bambas copper mine in Peru from Glencore Xstrata.

Glencore sells mine for $6bn to China buyer

2014-04-14 08:53

Glencore Xstrata has sold its interest in a Peru copper mine to a Chinese consortium in a $6bn cash deal in one of China's largest recent mining acquisitions.

Angola to grant De Beers diamond licence

2014-04-11 10:58

Angola, the world's fourth-largest diamond producer by value, will approve a new concession to De Beers to explore for diamonds.

Non-striking miners under attack

2014-04-08 11:17

Premier Thandi Modise has vowed that police will leave no stone unturned to track down people waging a terror campaign against non-striking miners in Rustenburg.

Zambia electricity price hike to hit mining

2014-04-04 16:11

The Chamber of Mines of Zambia has warned that the 29% electricity price hike threatens operations of mining companies.

China to close many small coal mines

2014-04-04 13:55

China will close 1 725 small-scale mines as part of its programme to phase out low-quality coal production, says its energy administration.

Lonmin boss: I feel for the mineworkers

2014-04-03 18:10

Lonmin CEO Ben Magara says the company is prepared for more talks to improve the conditions of employees as an Amcu led strikes rumbles on.

Lonmin workers want to return to work - CEO

2014-04-03 11:47

A survey by Lonmin, which has declared force majeure with some suppliers, shows that "most" of its striking workers want to return to work, says CEO Ben Magara.

US Senator: Mining ex-CEO has blood on his hands

2014-04-03 10:49

A US senator has accused Don Blankenship the ex-CEO of Massey Energy of having blood on his hands, due to a mining disaster that happened in 2010.

Lonmin chair to retire

2014-03-31 10:48

Mining company Lonmin has announced that board chair Roger Phillimore, who is also a director at the company, is to retire at the end of April.

Mechanising mine is bad news - UDM

2014-03-28 14:17

Mechanising the Leeuwkop mine near Brits in North West is bad news for South Africans desperate for work, says UDM leader Bantu Holomisa.

Amcu miners gather for march to Implats

2014-03-27 12:16

Several buses carrying Amcu members have arrived ahead of a planned protest march to the head offices of Impala Platinum in Sandton.

Zim slashes mining fees

2014-03-25 12:11

The Zimbabwean government has significantly reduced most mining fees in an effort to promote investment in the sector, particularly for small-scale miners.

Platinum strike causing 'irreparable' damage

2014-03-25 09:29

The financial cost does not tell the full story, say platinum producers of a strike that has left people hungry, caused businesses to close and crime to spiral.

MRI corrects financial information

2014-03-20 14:34

The directors of Mine Restoration Investments have made certain changes to the interim statements after a provisional result of a JSE investigation.

Zim frets over diamond sector secrecy

2014-03-18 10:34

Mbada Diamonds says it has made $1bn over four years, amid Zimbabwean government fears that it is losing millions because of miners' lack of transparency.

Modise worries over 'never-ending' strike

2014-03-17 18:53

North West Premier Thandi Modise has called on miners and Amcu to increase efforts to end the protracted platinum strike because it is impacting on the economy.

R319m to drain acid mines

2014-03-14 11:07

Around R319m will be spent on an acid mine drainage project focused on the Witwatersrand area, says the department of water affairs.

Wesizwe Platinum cautions shareholders

2014-03-13 13:50

Wesizwe Platinum expects to report a basic loss per share attributable to ordinary shareholders for the year ended December 31 2013.

Junior miner Evraz posts second straight loss

2014-03-12 14:14

Steel and vanadium producer Evraz Highveld says it is unable to borrow money after output was hit by a strike and it posted a loss for the second straight year.

Diamond miners lament quality of Zim gems

2014-03-09 14:20

Diamond miner Anjin says a fall in the quality of the diamonds at its mine in eastern Zimbabwe is causing financial problems for the company.


DRDGold appoints director

2014-04-17 15:05

DRDGold has announced the appointment of a chartered accountant as an independent non-executive director.

Behind the strike madness

2014-04-17 07:58

Peter Montalto looks at the underlying issues around Amcu's platinum strike.

Sibanye Gold eyes platinum buy - report

2014-04-15 11:55

Sibanye Gold aims to make a "material" acquisition in platinum mining by the end of 2014 as it seeks to diversify its business, its CEO is reported as saying.

Anglo seeks buyer for Amplats' NWest mine

2014-04-14 16:15

Anglo American says its Rustenburg operation, which is not in a good financial position, is no longer the company's core asset.

Positive momentum in rough diamond market

2014-04-14 14:15

There is a continued positive momentum in the rough diamond market and strong demand for Trans Hex's production, the company says.

Anglo American seeks compensation

2014-04-13 13:00

Anglo American is seeking compensation from Venezuela over the 2012 cancellation of mining concessions by late president Hugo Chavez's government.

Exxaro might look at Amplats' assets

2014-04-09 13:49

Coal producer Exxaro hopes to diversify into platinum group metals and is looking at opportunities which could include assets Anglo American might divest.

Zimbabwe's Marange diamond sales peak

2014-04-07 17:14

Diamond exports from Zimbabwe's Marange fields earned $99m at auctions in Belgium and Dubai during the first quarter of 2014.

Mining community hungry, living in fear

2014-04-04 15:46

People staying near platinum mines in Rustenburg in the North West are hungry and living in fear.

NUM regaining members: official

2014-04-03 18:39

The National Union of Mineworkers is reclaiming its members in Rustenburg, says an official, but many potential members fear Amcu.

Mines close as Ebola death toll hits 83 in Guinea

2014-04-03 12:38

Foreign mining firms have closed mines and pulled out some international staff from their operations in Guinea, as the death toll from suspected cases of Ebola hit 83.

African Minerals' profit disappoints

2014-04-03 11:33

Sierra Leone focused iron ore miner African Minerals released 2014 production and cost forecasts slightly worse than analysts' expectations.

Chinese coal firms creak under heavy debt

2014-04-02 11:26

China's top coal-producing province of Inner Mongolia is in crisis, and the outlook for miners across China is grim.

Glencore reaches $1bn deal with Mauritania

2014-03-31 09:10

Glencore Xstrata has reached a preliminary deal for a $1bn contract for access to railway and port facilities with Mauritania, according to a report.

Amcu march disrupts traffic

2014-03-27 13:13

Lunch time traffic came to a standstill on Jan Smuts Avenue in Johannesburg as hundreds of Amcu-affiliated mineworkers marched to the Impala Platinum head office in Sandton.

Strike fatigue sets in amid fresh talks

2014-03-26 17:46

While negotiations aimed at ending a protracted strike in the platinum mining sector are set to begin, some miners want to ditch Amcu, says a union leader.

De Beers places bets on Angola mines

2014-03-25 10:19

The world's largest diamond miner by market value hopes to obtain a concession to explore in Angola by the end of this year, says De Beers chief executive.

Hope on Motlanthe to rekindle platinum talks

2014-03-24 16:15

Deputy president Kgalema Motlanthe will meet with the mining industry and unions for a regularly scheduled forum aimed at bringing stability to the sector.

Mining firms playing games - Amcu

2014-03-18 19:05

Platinum sector talks to end the wage dispute which involve traditional leaders will only result in ethnic violence in the platinum belt, warns the union Amcu.

Gem Diamonds underlying core earnings rise

2014-03-18 10:15

Gem Diamonds' full-year underlying core earnings jumped 18%, benefiting from higher diamond prices in 2013.

Crippling Amcu strike gains more support

2014-03-17 12:28

The Association of Mineworkers and Construction Union says more workers have joined the pay strike that is now in its eighth week.

Potash producers looking at Africa

2014-03-14 09:16

Two potash producers could shake off the most bearish industry conditions in five years and open new mines, helped by their proximity to Brazil and Africa.

SA film on Marikana tragedy wins award

2014-03-13 13:39

The Vaclav Havel Jury Award at the One World Film Festival in Prague has gone to Miners Shot Down, the documentary about the Marikana massacre.

Platinum firms feeling strike heat

2014-03-09 14:47

Cracks are beginning to form in the united front presented by platinum mining companies, reports City Press.

ARM earnings jump on ferrous unit boost

2014-03-07 10:07

Diversified mining group African Rainbow Minerals has reported a 66% rise in headline earnings, as higher prices and a weaker rand boosted its ferrous unit.

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