South Africa Mining News

TLT-Turbo African consolidation creates a market first turn key solution

TLT-Turbo has concluded the consolidation of several South African based operations.

Palladium reaches another record as JPMorgan sees more upside

Investors appear to be ignoring the fact that weak sales figures have been reported for all major auto markets in recent days.

South African gold output has longest losing streak since 2012

Gold output in South Africa, once the world’s biggest producer of the metal, fell for a 14th straight month in November.

Sibanye-Stillwater has contingency plans for strike at platinum operations

The new strike would begin on Jan. 22 and involve around 12,500 of its members.

Project Halo rejects favouritism claims in Optimum coal mine buy

The South African consortium distanced itself from allegations that it is linked to the Gupta family, the previous owner of Optimum coal and other two assets.

S.Africa's AMCU union to expand Sibanye-Stillwater strike to platinum operations

Since the union downed tools at Sibanye's gold operations in mid-November, four employees have been killed during strike-related violence.

Tiffany joins top diamond miners in disclosing origins of gemstones

Tiffany has begun tracing each of its individually registered diamonds (0.18 carats and larger) by a unique serial number.

Sibanye-Stillwater expects gold output to miss forecast amid wage strike

The company's gold output in 2018 will be lower than forecast as almost half of the employees stopped working since mid-November in a wage strike.

Acacia Mining fined over alleged environmental breach in Tanzania

Barrick’s Acacia Mining has been hit with a 300-million Tanzanian shillings fine (about $129,144) over allegations of environmental breaches at its North Mara mine.

Sibanye counts hit to earnings as strike at gold mines drags on

“Sibanye can’t absorb losses from its gold business for a protracted period"

Year’s best major metal gains steam as supply eclipses trade woe

The price of palladium has more then doubled in the past three years.

How to profit from low-grade gold mines

Mining costs rose steadily through the 2000s which should have hurt a lot of gold miners. But it didn’t.

AMCU strike at Sibanye-Stillwater legal – South African court

AMCU's strike is a protected strike and the AMCU members' constitutional right to strike remains protected.

South Africa's Transnet hopes to re-open one closed coal export line on Saturday

South Africa's Richards Bay Coal Terminal (RBCT) exported a record 76.47 million tonnes of coal in 2017, and aims to export 77 million tonnes this year.

Lonmin's biggest mining union tries to block Sibanye deal

The all-share deal is likely to lead to more than 10,000 layoffs.

As global equities take a hit, gold miners are doing fine

Until now, gold has played second fiddle to the U.S. currency as investors have sought a safe haven in the face of trade war uncertainty now, we see gold’s appeal firming.

Vedanta’s Black Mountain mine the latest to adopt Sandvik innovations

Vedanta Zinc will commission OptiMine for trucks, loaders and drills next year, accelerating data-driven operation for world-class mining safety.

New technology allows for digging 100 feet below water

MineWare experts have extended the capability of its Pegasys Dragline Monitor to support underwater digging.

South Africa's AMCU union to remain on strike at Sibanye-Stillwater

The union's Sibanye-Stillwater members remain on strike, disputing the miner's argument the action is now illegal.

Gold Fields to restart production in South Africa as workers return

Workers downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine - near a third of its workforce.

Sibanye-Stillwater extends wage agreement to striking gold workers

Potentially putting an end to a strike that has seen almost half of its employees down tools since mid-November.

Eskom debt swap not an option – South Africa's Ramaphosa

Eskom, which has implemented power cuts due to coal shortages and poor plant performance, said it wants the government to take on $7 billion of its debts.

Gupta's South African mining assets attract $215m bid

Project Halo will buy Optimum Coal Mine (Pty) Ltd, Koornfontein Mines (Pty) Ltd and Optimum Coal Terminal (Pty) according to the term sheet seen by Bloomberg.

South African gold output drops 13th straight month in October

Gold production declined 15.1% from a year earlier.

Anglo ending 2018 on high note, predicts higher output, lower costs

The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.