Africa

Glencore stock getting hammered as China slowdown, commodities rout hit profit

Cecilia Jamasmie | August 19, 2015
Glencore stock getting hammered as China slowdown hits profit

The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.

British investment fund to buy Anglo’s mines in Chile

Cecilia Jamasmie | August 9, 2015
British investment fund to buy Anglo’s mines in Chile

According to local newspaper El Mercurio, the unnamed fund is buying Anglo's Mantoverde and Mantos Blancos copper mines.

Aluminium-Intensive XE is most fuel efficient Jaguar ever

Jaguar | August 9, 2015
J2

The innovative new Jaguar XE is the only car in the class to use an aluminium-intensive monocoque, with lightweight aluminium accounting for 75% of the structure.

South Africa’s main gold union snubs final pay offer

Cecilia Jamasmie | August 7, 2015
South Africa’s main gold union snubs final pay offer

Talks are set to resume on Wednesday, Aug. 12.

South Africa lets Glencore resume operations at Optimum coal mine

Cecilia Jamasmie | August 7, 2015
South Africa lets Glencore resume operations at Optimum coal mine

Mining Minister Ngoako Ramatlhodi has decided to conditionally withdrew a licence suspension ordered earlier this week.

CHARTS: Iron ore price only getting more volatile

Frik Els | August 6, 2015
China factory data roils copper stocks – Freeport down 9%

Compared to the wild swings iron ore dealers have to deal with, gold, coal and copper traders are coasting.

Iron ore price rally has legs

Frik Els | August 5, 2015
Iron ore price rally has legs

Wednesday jump brings gains of 28% in less than a month.

Jubilee Platinum secures $5.03 million for tailings project

Michael Allan McCrae | August 5, 2015
goldup-platinumdown

Estimated production of 42,000 ounces of PGMs in concentrate per annum.

Guyana Goldfields pours its first gold

MINING.com Editor | August 4, 2015
gold pour debt worries two

The commissioning and startup of the hard rock crushing circuit is projected to be completed later in the third calendar quarter of 2015.

Marange: Consolidation not the answer

Nehanda Radio | August 4, 2015

Surely, its time to go back to sanity, pick up the idea mooted first by ACR and form a joint venture with De Beers and then join in with Botswana in a joint marketing and processing venture which will dominate world diamond trade for many years to come.

Mining firm faces pollution allegations in Zambia

Andrew Topf | August 2, 2015
Vedanta Resources’ Konkola Copper mine, Zambia.

London-listed Vedanta Mining (LON:VED) will be in court to defend itself against claims by hundreds of Zambian villagers that its copper mining operations polluted a water source and farmland.

South African union rejects 13% pay hike; president threatens strike

Andrew Topf | August 2, 2015
South Africa’s main union rejects gold firms wage offer

The union representing about a third of nearly 100,000 gold miners in South African labour talks, has rejected an offer of a 13-percent pay rise.

West Africa gold miner surges after stellar quarter

Frik Els | July 31, 2015
West African gold miner surges after stellar quarter

Endeavour Mining shares jump 10% after Vancouver firm slashes debt as mines in Cote d'Ivoire, Mali, Burkina and Ghana mines throw off cash.

Wage negotiations in S. Africa’s gold sector to end next week

Cecilia Jamasmie | July 31, 2015

South Africa’s top gold producers believe it is highly likely that unions agree to take the latest pay offer presented to them, marking the end of almost 5 weeks of negotiations.

Platinum price: New round of industrial action

Frik Els | July 30, 2015
Platinum price: New round of industrial action

Amid worst slump in over six years, ruling party of South Africa calls shaft closures and layoffs "unpatriotic" as unions gear up for another brutal fight.

Privacy implications of the extractive sector transparency measures act

Dentons Canada LLP | July 30, 2015

Analysing the privacy impact of legislation, and the legitimacy of that impact, requires first to focus on the objective and scope of that legislation.

The cheapest entry point into cheap gold

Frik Els | July 29, 2015
The cheapest entry point into cheap gold

Wall Street legend Jim Grant says it's a Krugerrand and he's "very bullish indeed" on the gold price.

Kinross shares soar ahead of results

Frik Els | July 29, 2015
Kinross shares soar ahead of results

World's fifth largest gold miner reports decline in production, $83m net loss and a rise in costs but $1 billion in cash will please investors.

Randgold continues to invest in Loulo

Randgold Resources | July 29, 2015

Randgold Resources is gearing up to take over the underground mining operations at Loulo’s Yalea and Gara mines in line with its continuing drive to reduce costs and develop a multi-skilled Malian mining team.

Miners in Asia and Africa more likely to switch to different OEM within next five years

Timetric | July 29, 2015
‪Investcorp sells truck parts unit for $1 billion

Whilst miners are relatively loyal in Australia and North America to their current Original Equipment Manufacturers (OEMS), over half of those in Asia are likely to seek out a new supplier within the next five years, a new report shows.

Zambia power cuts feed copper supply worries, lift prices

Cecilia Jamasmie | July 28, 2015
Zambia power cuts feed copper supply worries, lift prices

Power restrictions could hit output of most copper mines operating in the country.

Morila: a lesson and a legacy

Randgold Resources | July 28, 2015

Gold mine in Mali is a shining example of how a world-class mineral resource can be optimally exploited to the benefit of all its stakeholders, says Randgold.

Indian miner to expand operations at Rio's former Mozambique coal assets

Cecilia Jamasmie | July 27, 2015
Indian miner to expand operations at Rio's former Mozambique coal assets

ICVL wants boost annual production at its Benga mine from 5.3 million tonnes to 13 million tonnes in the next five years.

Alrosa’s biggest diamond mine goes underground

Cecilia Jamasmie | July 27, 2015
Alrosa’s biggest diamond mine goes underground

The company has officially shifted operations at its flagship Udachnaya mine from open-pit to underground mining.

Anglo American to axe 53,000 jobs, put 15 assets up for sale

Cecilia Jamasmie | July 24, 2015
Anglo American to axe 53,000 jobs, put 15 assets up for sale

“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”

Vale adds to iron ore supply glut — second highest ever quarterly output

Cecilia Jamasmie | July 23, 2015
Vale adds to iron ore supply glut — second highest ever quarterly output

The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.

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