Shares plunged after miner revealed that output fell almost across the board in the April – June period.
Platinum Mining News
The class action the firms want to appeal paves the way for thousands of current and former miners suffering from silicosis and tuberculosis to seek damage compensation from the companies.
South Africa's mining sector is facing the most serious challenge for many years demonstrated by mounting job losses.
The company said financial losses at the mine threaten the viability of the rest of the Cooke operations, which include four mines and three processing plants.
In what seems like an annual event, platinum companies in South Africa are bracing for what could be another year of labour unrest.
If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.
Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.
2017 Investing in African Mining Indaba introduces significant price reduction for mining corporates
Registration fees are as much as 50% lower than last year for mining corporates
Bob Moriarty explains why precious metals investors may want to look beyond gold to a commodity with a long history and an interesting relationship to the yellow metal.
New report shows China extracted nearly one fifth of its gold reserves last year – the global gold production to reserve ratio is only 3.8%.
A lithium miner joins top ranks of listed mining firms for the first time as the price of the battery ingredient skyrockets.
The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.
Ms. Garrett has over 20 years of experience in the mining industry and an exceptional track record for developing projects, building companies and creating considerable value for shareholders.
First time a country partners with privates to boost the development of the industry.
For private capital mining and metals is the riskiest natural resources sector – but only energy beats the returns.
An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.
They will dispute the country's High Court decision last month to allow a class action suit seeking damages for up to half a million miners who contracted silicosis and tuberculosis.
A sharp reversal in metals and minerals prices during May see top mining companies shed billions in market value.
Improving agriculture with crop-specific satellite images.
The company will seek a court order to stop the strike, which is already affecting output.
Funds will be used to deploy and operate the firm's Earth observation program, known as Ceres.
In the precious metals sector, this type of company provides financing for mining companies in the form of an upfront cash payment in exchange for a percentage of production or revenues from the mine.
Mining companies are required, by law, to have abatement plans in place to deal with all kinds of waste.
Sprott monthly market update with Rick Rule: Cobalt bubble coming; Kaminak & The Yukon; streaming & royalties
In the current bull market, with more equity available, streaming and royalty companies continue to provide much needed revenue in the base metals and industrial materials sectors.
The government will pay for two-thirds of the cost by collecting money from mining companies through a new environmental levy.