Move aims to curb unrest around Anglo American's most profitable platinum mine — Mogalakwena.
Anglo American Mining News
The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.
Chief executive Bruce Cleaver said the changes were necessary to sustain De Beers' success as a business.
The country’s Ministry of Mines and Energy has renewed the Canadian miner's licence for ten years.
The New South Wales Government decided there would be no open-pit mining at the site formerly known as Drayton South, but it paved the way for an underground mine instead.
Brazil’s lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country’s current mining law.
Company says move paves the way for a lower-cost operator to take the diamond mine beyond 2020, when it is scheduled to close.
The mining industry needs to ramp up productivity. The solution lies in adopting lean and design thinking approaches, following key several principles.
They claim it won’t be possible to cut costs enough to offset the higher levies, and warn that some miners may need to pass on this new cost increase to the industrial production chain.
Lawyers acting for thousands of gold miners who contracted lung diseases at work in SA mines say an out-of-court settlement could be reached by December.
Debmarine Namibia, a 50/50 joint venture between the country and De Beers Group, tis planning for the construction of the world’s largest custom-built diamond mining vessel.
The company said if long-delayed permit for its massive iron ore mine is not issued next month as expected, it would have to shut it by Sep. 2018.
The three-year wage agreement was signed by all three unions, the company said.
Profit margins are expected to end significantly higher this year, and this trend to continue over the next two years, a study by S&P Global Market Intelligence shows.
Firm has determined it's not economically viable to extend the life of the diamond mine, which can only be accessed by air year round, or by a winter road for five or six weeks in January and February.
Company said it would keep its Beatrix West gold mine running for as long as it makes a profit, on average, over any continuous period of three months.
Battery boom promises new and growing market for high-grade nickel products, but half the world's supply of the metal is unsuitable for battery production.
Miners who received a termination letter will hold a mass meeting at the mine Wednesday morning.
Stuart Chambers faces investor calls for clear direction at the company, long seen as a potential takeover target.
The world’s largest diamond producer by value offered less precious stones, in line with its policy of trying to match sales to demand.
Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20
Precious metals miner said its platinum group metals (PGM) operations had delivered "solid operational results" in the first-half of 2017, prompting an upward revision to its 2017 production forecast and a downward revision to guided costs.
Mine is expected to generate about 300,000 ounces annually by late 2021/early 2022, increasing total PGM production from Sibanye’s operations in the US by more than 50%.
A strong price recovery for the main commodities South Africa mines and exports has helped the country’s sector stage a turnaround in 2017, the first time in five years the industry is back in the black.
Katie Fergusson: "As Head of Social Impact, I feel privileged to be leading De Beers Group’s work on women and girls empowerment, including on diversity and inclusion."