Mine is set to start operations by the end of the year, with first shipment set for January 2017.
Africa Mining News
Together with reducing Sibanye’s dependence on its aging South African assets, the deal will make the company the world's third largest palladium producer, the company said.
Humans will do almost anything for gold. In fact, they will even suspend themselves 2.5 miles into the Earth – braving extreme temperatures, armed thieves, and constant seismic activity – just to mine a 30-inch gold reef.
Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.
While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.
Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.
Kumba Iron Ore, a business unit of Anglo American has been named as one of the Carbon Disclosure Leaders for 2016 by Engaged Tracking (ET) Index Research and the only company from the BRICS region on the list in its annual ET Carbon Rankings, released on 5 December.
Transactions must be fully backed by physical metal and settled on the same day to observe Islam's distinction between real economic activity and speculation.
Situation has worsened as a result of a shortage of new discoveries, cost cutting measures and miners digging out higher-grade material for a short-term gain, say experts.
Completing the $264-million mine will boost the platinum reserves of Zimplats from 3 million to 9 million ounces.
Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, a new report shows.
The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.
A legal claims against BCL in the Botswanan courts and in the London Court of International Arbitration to recover the USD 271.3 million
Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.
Southern Africa finds itself at the center of the offshore bulk sediment mining debate as international companies rush to strip mine phosphate deposits in coastal waters of South Africa and Namibia.
World number two miner acquired Southern African coal assets for $3.7 billion in 2011 – sold it for $50 million three years later.
Project funding would be main priority, says Moody’s.
The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
"We are working hard to have the mine ready to restart production": Robert Friedland
Machine Tools Africa, launched in association with the Machine Tools Merchants’ Association of South Africa (MTMA), is the biggest trade exhibition of its kind in Africa showcasing cutting edge developments across the machine tool and related industries.
Barrick Gold, IAMGOLD, Gold Fields, Avalon, and Antofagasta recognized for their leadership in renewables at Energy and Mines Renewables and Mining Awards
Mining companies were awarded and celebrated last night for their investments in renewable energy at a glittering awards gala and dinner in Toronto.
Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.
The world's second largest miner said the job cuts at its Australian iron ore business are part of a restructuring of the division.
The Johannesburg-based company, however, said it remained interested in a negotiated transaction.