The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.
According to the National Union of Mineworkers, South Africa’s gold producers are able to afford an increase of more than 80 percent in the basic monthly pay of entry-level underground miners.
The probe focused on a 2010 deal through which the company gave a 9% of its South Deep mine to a group of black investors in order to meet government’s regulations aimed to boost black ownership.
Palladium enters bear market and platinum hits fresh six-and-a-half year low on worries over Greek debt crisis.
Showing over 1,250 attempted transactions, this list includes both successful and failed attempts in order to visualize the ebb and flow of Chinese investments up until mid-2014.
It also plans to review the legal status of the joint venture, while it negotiates with Ivanhoe to raise its stake to 20% from the current 5% it holds.
PwC's John Gravelle on the mining industry's austerity drive, price realities and declining exploration spending.
There is nothing more calculated to make you feel unpopular than turning up at an international conference in New York only to find everyone cancelling their appointments with you. For David Reading it was the fear he might be spreading ebola.
The miner said smaller than expected diamonds at its Finsch and Cullinan mines in South Africa have sold at modest prices.
A third of money raised is destined for Canadian projects while Australia's share of global total drops to only 5%.
Over the last decade economic events or environmental issues came out as top risks to the world according to the annual WEF survey. Not this year.
The goal is to facilitate the mining, production and distribution of the fertilizer in Eastern and Southern Africa.
The move may create a group of sellers that want to dispose of their holding, or it could open the door to a buyer, according to analysts.
Iron ore rallies again after Vale CEO predicts 200 million tonnes of Chinese production shutting down and seaborne market growing to 1.44 billion tonnes.
A rights group estimates that thousands of children as young as nine are working in the country's gold mines, violating international and local laws, as well as risking their lives.
The country's national pension fund has bought 15.9 million shares of Zambia's Consolidated Copper Mines-Investment Holdings for almost $80 million.
AngloGold Ashanti, the world’s third-largest gold producer, climbed its most in seven months after selling its Cripple Creek & Victor mine to Newmont Mining.
An annual list that reveals the names of mineral smelters that do not use raw materials linked with criminal gangs is at the heart of Europe’s push to clean up the world’s mining industry.
The stock closed 4.17% higher in London Tuesday after the miner revealed the discovery of two rare matching rubies from its Montepuez mine in Mozambique.
It may reduce the value of its 60% stake in the Samancor Manganese joint venture, as it keeps furnaces shut due to low prices for the commodity.
Iron ore trading at near four-months highs despite sharp drop in Chinese imports, but analysts say rally is "living on borrowed time."
When the market bears are growling, contemplating a trip to a showcase of the companies currently in the grip of that punishment can seem daunting.
The country's radical Association of Mineworkers and Construction Union (Amcu) said it would begin a wildcat strike in the sector if its rival union and companies extend wage deal to its members.
Underground mining royalties cut to 6% from 9%.
At its centre will be a shift of emphasis away from trade with the advanced nations, whose prospects are bound to subside towards their level of economic growth.
Mali, Papa New Guinea, Burkina Faso, Guinea, Tanzania, DRC and Mongolia among countries where gold mining contributed the most to their locals economies, says the World Gold Council.
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