Lobby group is seeking judicial review of new Mining Charter, which places extra levies on companies and raises requirements for black ownership.
Platinum Mining News
The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.
The three-year wage agreement was signed by all three unions, the company said.
This year, copper was shoved out of the London limelight by new hot metals such as lithium, cobalt and nickel.
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.
Miners who received a termination letter will hold a mass meeting at the mine Wednesday morning.
The mining company said gold production rose to 11,576 kg in the three months to September 30 while group operating profit was $216.8 million.
Precious metal is up 114% or $880 an ounce in 2017 as above-ground stocks are "bled dry".
South Africa's Solidarity union cites low commodity prices and rising costs as two main factors behind the job cuts.
David Morgan uncovers supply and demand fundamentals on mining, cost of production, utility, and ratios in Proven and Probable interview.
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.
Company will pay $30 million for a 15 percent interest in a platinum project in the northern Waterberg region and had an option to acquire a majority stake in the development.
Gold prices finished higher last Friday and followed the upward trend on Monday, with December gold GCZ7, +0.67% rising to $1,283 an ounce.
Consensus forecasts point to double digit declines for the platinum, zinc, copper and lead price by the end of the year, while coal is set to tank.
The country's chamber of mines and the ministry are locked in a number of legal disputes over the mining charter, which aims to increase black ownership and participation in the industry as part of a government drive to overcome apartheid's legacies.
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%.
Toronto-based Atlatsa Resources (TSXV:ATL) has made good on its stated intention to shut its Bokoni platinum mine in Limpopo province, South Africa.
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.
London-based Graff Diamonds paid nearly $47,777 per carat
The specialty chemicals company said the overall market "could be (worth) more than $30 billion (in) sales when battery electric vehicle penetration increases to around 10 percent.
He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.
Speculative frenzy not entirely supported by fundamentals.
The miner warned further reductions could be in store at those operations, which employ 31,000 people.
The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it did not think its operating licence was in jeopardy.
Mines minister Mosebenzi Zwane had pledged in writing to a court that he would not publicly say changes to an industry charter were "law" until a judicial challenge has been completed.