Lonmin denies tax evasion claims

2014-09-23 15:46

Lonmin has denied allegations it was evading tax, after calls that the company should be investigated.

Lonmin denies evading tax

2014-09-23 07:00

Lonmin says reports that it is evading tax are completely false after calls that the company should be investigated.

London Mining in iron ore dispute with Glencore

2014-09-22 12:01

London Mining says it could end an iron ore supply contract with Glencore after a payment dispute, sending shares of the company to an all-time low.

'Hostile elements' behind Aurora campaign

2014-09-19 07:54

Hostile elements are behind the campaign to sequestrate Khulubuse Zuma, Zondwa Mandela and others, says the former finance director of liquidated mine Aurora.

Call to attach property of Khulubuse, Zondwa

2014-09-18 11:08

Cosatu has called on the sheriff of the court to attach the property of Khulubuse Zuma, Zondwa Mandela and other directors of the liquidated Aurora mine.

Royal Bafokeng miners' home dreams come true

2014-09-17 09:30

Thanks to a R2.8bn project that will provide housing for all employees over the next five years, Royal Bafokeng Platinum miners are moving up in the world.

Royal Bafokeng platinum miners get new homes

2014-09-16 15:45

The first of 422 houses in the Waterfall Hills Estate in the North West has been handed over as part of Royal Bafokeng Platinum's housing strategy.

Alrosa prospecting for Zim diamonds

2014-09-15 19:45

Diamond mining company Alrosa is partnering a Zimbabwe-Russia joint venture company to prospect for diamonds, Russia's trade and industry minister says.

AngloGold Ashanti pulls plug on demerger

2014-09-15 15:00

AngloGold Ashanti has pulled the plug on its plan to spin off its global operations into a new London-listed company and seek a rights issue.

Sibanye could cut over 2 000 jobs - sources

2014-09-12 07:00

Mining giant Sibanye Gold is set to drop the axe on up to 2 500 jobs at its Cooke 4 mine, according to two sources.

Economic worries grow as mining output sinks

2014-09-11 13:41

Mining output dropped 7.7% year-on-year as platinum prices tumbled over 45% and the economy struggled to recover from a five-month platinum sector strike.

Wesizwe narrows half-year losses

2014-09-09 15:08

Wesizwe Platinum says it is does not expect to earn revenue until 2019 after posting a R3.8m loss for the six months to June.

'Magnificent' diamond found in Cullinan

2014-09-09 12:26

A 232 carat white diamond of exceptional size and clarity has been found at Petra Diamonds' Cullinan mine, east of Pretoria, the company says.

Bosnian mine accident: 29 rescued, 5 buried

2014-09-05 21:21

Twenty nine miners have been rescued in a Bosnian mine accident but 5 men are still buried in the mine.


African Rainbow Minerals, founded by billionaire Patrice Motsepe, has reported a 10% jump in headline earnings from R3.737bn to R4.11bn.

0 comments11 Views

BHP Billiton to focus on energy assets

2014-09-04 09:02

Global mining giant BHP Billiton is switching its focus to energy, with iron ore and coal to receive less emphasis as China's demand for steel slows.

Zambia waives VAT rule for mining firms

2014-09-03 11:01

Zambia will waive a rule requiring mining companies and other exporters to produce import certificates from destination countries in order to claim tax refunds.


DRDGold CEO Niël Pretorius speaks to Fin24 about the group's results for the fourth quarter and full financial year.

0 comments39 Views

Gem Diamonds sees no impact from Lesotho crisis

2014-09-01 16:45

Gem Diamonds, whose flagship mine located in Lesotho, says it did not anticipate any impact on its operations from the political crisis unfolding in the country.

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.


State miner creates 200 jobs - minister

2014-09-23 07:31

A metallurgical plant and diamond operations have created 200 jobs for the Richtersveld and Port Nolloth communities, says Public Enterprises Minister Lynne Brown.

Gemfields swings to profit

2014-09-22 17:45

British precious stones miner Gemfields has recorded a full-year profit as revenue from the sale of emeralds and rubies more than tripled.

African Minerals outlines recovery plan

2014-09-19 12:30

Miner African Minerals plans to increase export volumes and boost revenues by reducing discounts and requiring a premium on some of its iron ore.

Big push to revive mining reputation

2014-09-19 05:00

Deputy Mineral Resources Minister Godfrey Oliphant says his topmost priority is to revive the reputation of the mine industry and its global branding.

Petra jumps on diamond discoveries

2014-09-18 09:35

Petra Diamonds could pay its maiden dividend earlier than expected, after higher prices for the larger number of rough stones it unearthed.

Zimbabwe, Russia sign $3bn platinum deal

2014-09-16 20:19

Zimbabwe has signed a $3bn deal with Russia that will see production of nearly 600 000 ounces of platinum a year.

Petra rare blue diamond sold for $27.6m

2014-09-16 11:05

London-listed Petra Diamonds says it has sold a rare blue diamond found at its mine in South Africa for $27.6m.

Russia to seal platinum deal with Zimbabwe

2014-09-15 18:53

Russia's Trade Minister Denis Manturov says his country is set to sign a major platinum mining deal with Zimbabwe as the two nations kicked off bilateral talks.

Sibanye, unions to start talks on job cuts

2014-09-12 15:36

Sibanye Gold says it is set for talks with unions about possible job cuts at its Cooke 4 mine, but NUM has threatened to strike if the mine tried to trim staff.

Rand near 7-month low on dismal data

2014-09-11 18:16

The rand has traded close to a seven-month low against the dollar after dismal manufacturing and mining production numbers pointed to an economy in trouble.

AngloGold UK listing to split global, SA units

2014-09-10 10:43

AngloGold Ashanti is restructuring its mining and exploration operations outside South Africa under a new UK-based company.

Farlam inquiry accused of NUM alignment

2014-09-09 13:00

Lonmin mineworkers have accused the Farlam Commission of Inquiry of being affiliated to the National Union of Mineworkers, a commissioner says.

Pallinghurst warns about interim results

2014-09-08 15:00

Pallinghurst Resources expects its results for the interim period to June 30 2014 will differ by more than 20% compared to those for the period to June 30 2013.

African Rainbow Minerals' earnings climb

2014-09-05 15:37

African Rainbow Minerals, founded by billionaire Patrice Motsepe, has reported a 10% rise in headline earnings for the year ended June 30.

ARM earnings rise on platinum boost

2014-09-04 09:35

Africa Rainbow Minerals has posted a rise of 9.5% in full-year headline earnings, lifted by a solid performance in its platinum arm.

Glencore still set on selling Lonmin stake

2014-09-03 17:06

Glencore still wants to sell its 25% stake in platinum producer Lonmin, but at the right time, says CEO Ivan Glasenberg.

DRDGold headline earnings falls 100%

2014-09-02 18:48

Although DRDGold increased gold production and decreased costs for the fourth quarter, headline earnings for the full financial year dropped by 100%.

Vote to scrap Aus super profits tax

2014-09-02 13:06

Australia's upper house Senate has voted to repeal a tax on mining industry super profits, a major victory for conservative Prime Minister Tony Abbott.

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.

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