mineweb - daily news headlines

Sibanye Gold in talks about possible South Africa job cuts

Sibanye has started talks with unions and other stakeholders about possible job cuts at its Cooke 4 mine to boost profits and productivity.

Saskatoon miners safe after underground potash mine fire

Around 8:30 p.m. CST Thursday, the last 3 miners who had taken refuge in safety stations at the Allan mine were brought to the surface after 24 hours underground.

How effective is gold as collateral if held at home?

Julian Phillips thinks with the growth of currency uncertainty, it is unsurprising that there is a move to repatriate gold back to national vaults.

Rand Refinery to maintain normal gold output amid strike

Some of Rand Refinery’s workers at its operations in Johannesburg embarked on a strike last week.

Silver to wait for gold to give direction – Phillips

The silver price is more cautious and tending to slip as it waits for the gold price to give it direction, says Julian Phillips.

Harmony Gold mine’s reboot fraught with difficulty – CEO

The rebooting of its Kusasalethu mine provides a stark warning for those banking on South Africa's platinum sector making a swift recovery.

Shrinking mining professional ranks may impact investors – HSBC

The dwindling ranks of geosciences professionals has impaired mining companies’ ability to quickly respond to surges in precious metals prices.

Impala profit may drop 20% plus after platinum strike

Impala talks about the repercussions of the recently ended platinum strike on earnings.

Fortuna Silver hits more high-grade silver-gold at Trinidad North

Fortuna continues to show more silver-gold potential at its San Jose silver-gold mine.

Gold: what a difference a year makes

During 2013, gold did not have the word "support" in its lexicon. This year it has been remarkably resilient so far and is poised for even better things says Mark Mead Baillie

Carpathian woes mount: top management gone, mine still shut down

Carpathian Gold describes major changes at the top as the shutdown of the RDM gold project continues.

Alpha Coal West to convert all its Cat 793 haul trucks at Eagle Butte to LNG

Following an 18 month trial on four Cat 793 haul trucks, Alpha Coal West is convert a further 12 trucks to GFS Corp.’s EVO-MT 7939 LNG system from diesel operation.

African Barrick Gold’s positive exploration results

Barrick Gold’s underperforming African arm seems to be adding some positive exploration results to its recently improved financials.

Zimbabwe sets mid-January deadline for platinum refinery proposals

President Robert Mugabe last year threatened to ban raw exports.

Gold mining executives come under fire

Gold mining executives came in for some criticism on the first day of this year’s Mines & Money conference, for among other things a lack of foresight and reaping too much of the benefit.

Smuggled gold has its own price in India

As the grey market for retail gold rears its head, a dual pricing system emerges in Kerala with smuggled gold undercutting official supplies.

Large short positions keep gold subdued despite big Chinese imports

London Gold Market Report: Shanghai gold volume & premiums rise, but western sentiment weighs heavier on Thanksgiving

Zijin drops most in 3 years on profit outlook

The Chinese gold miner fell the most in three years after saying first-half profit may fall as much as 55%.

The commodities supercycle era is over

That era is over, Credit Suisse experts say, and they expect prices to remain under pressure at least through the end of the year.

DRC’s army smuggling minerals in east Congo, UN experts

A group of UN experts says the army is smuggling minerals in eastern Congo, where the government is trying to cut the link between violence and the mineral trade.

South Africa’s deputy president reconvenes mining forum

The deputy president met mining houses and trade unions last month in a bid to resolve problems in the industry.

Rinehart’s Hancock loses bid to dismiss Wright mine claim

The Supreme Court of Western Australia today told Wright to refile its complaint as it rejected Hancock’s argument that Wright’s case was filed too late.

Rough diamonds grow scarcer in India

Diamantaires in Mumbai and Surat have been advised against importing rough diamonds from the suspended Central African Republic following rebel conflict.

China gold buying surge won’t be repeated; gold and silver slip back

The secretary-general of the China Gold Association reckons the kind of frenzied gold buying in late April and early May won't be repeated.

Update: Rival challenges expected as Rio's $3.9 bid agreed by Riversdale

Pre-bid agreement for 14.9% of Riversdale puts Rio's foot in the door in Mozambique coking coal development. Recommended cash offer price of A$16 per share, but higher bids expected. Read more