South Africa

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South Africa’s new wave of strikes could ruin the economy: President

Cecilia Jamasmie | May 24, 2013
South Africa’s new wave of strikes could ruin economy: President

He added that wildcat strikes, particularly in the platinum and gold sectors in recent months, have cost South Africa dearly.

Vedanta raises $1.7bn, India’s largest ever offshore bond sale

Cecilia Jamasmie | May 24, 2013
Vedanta raises $1.7bn, India’s largest ever-offshore bond sale

This is a landmark transaction for Vedanta, which is joining domestic peers in catching the flood of US dollars being unleashed by central banks.

South Africa's National Mineworkers Union proposes big wage increases

Kerry Hall | May 19, 2013
National Union of Mineworkers

NUM wants earnings to go up from $530 to $850 per month for underground workers.

Labour strife continues at South African mines

Kerry Hall | May 19, 2013
Mining town Rustenberg in South Africa

The city of Rustenberg (pictured) is the centre of South Africa's platinum belt where mineworkers are keeping up job action.

Lonmin's South African mine resumes operation after strike

Kerry Hall | May 18, 2013
Lonmin mine workers

Talks between labour and management continue.

Workers strike at Lonmin's South African mine

Kerry Hall | May 14, 2013
striking miners

Mine workers refuse to go underground and all 13 Marikana shafts are not functioning.

Gold Fields produces less, grinds out a two percent drop in gold costs

Michael Allan McCrae | May 12, 2013
shovel mining 333

Gold production was down 11%.

CFO who saved Anglogold $4bn gets top job

Frik Els | May 8, 2013
Venkat-Anglogold-Ashanti

CFO Srinivasan Venkatakrishnan who unwound Anglogold's costly hedge book appointed CEO.

VIDEO: Ncondezi Coal develops Mozambique project

MINING.com Editor | May 2, 2013
Power lines and towers

Company discusses its thermal coal mine and power generation station.

Lonmin drops five percent after announcing unplanned repairs

Michael Allan McCrae | April 30, 2013
lonmin platinum number two furnace

No one was injured.

SLIDESHOW: Mining billionaires 2013

Frik Els | April 28, 2013
SLIDESHOW: Mining billionaires 2013. How the mighty have fallen

How the mighty have fallen.

South African mining firms and unions exposed for pay off deal

Kerry Hall | April 26, 2013
National Union of Mineworkers

Anglo Gold Ashanti and BHP Billiton paid salaries of National Union of Mineworkers members.

Eastplats suspends funding for South African Crocodile River mine

Kerry Hall | April 20, 2013
Crocodile River mine

The company cited low prices and productivity as reasons for the decision.

Anglo logs upbeat results, but Minas Rio, Amplats still a thorn in Cutifani's side

Cecilia Jamasmie | April 19, 2013
Anglo logs upbeat results, but Minas Rio, Amplats still a thorn in Cutifani's side

The miner's first-quarter output was higher across most commodities including copper, iron ore and diamonds.

VIDEO: DiamondCorp revives Lace mine in South Africa

Kerry Hall | April 18, 2013
Purple diamonds from the Lace mine

Company forecasts 13.4 million carats during the mine's 25-year life.

South African mining industry lost $1.5bn last year

Kerry Hall | April 17, 2013
Coal mining in South Africa

Labour disputes also affected the country's gross domestic product and credit rating.

Alcoa, China spark massive rally in miners and metals

Frik Els | April 9, 2013
gold mining stocks

Great news from bellwether for industrial demand and globe's top commodity consumer spurs broad advance in metal and stock prices.

Fresh delays hit Glencore-Xstrata $76 billion mega merger

Cecilia Jamasmie | April 2, 2013
Fresh delays hit Glencore-Xstrata $76 billion mega merger

New deadline for completion is May 2.

Nelson Mandela's daughter in sweetheart gold mine deal

BDlive | March 31, 2013

Nelson Mandela's daughter Zindzi; Dudu Myeni, a close associate of President Jacob Zuma, and Cyril Ramaphosa's business partner James Motlatsi are some of the beneficiaries of Gold Fields's controversial South Deep empowerment deal in South Africa.

Amplats prolongs talks with South African government until end of April

Cecilia Jamasmie | March 28, 2013
Amplats prolongs talks with South African government until end of April

Anglo American Platinum may cut as many as 14,000 jobs and mothball two mines.

Shareholders should rein in expectations or quit mining sector: Cynthia Carroll

Cecilia Jamasmie | March 26, 2013
Shareholders should rein in expectations or quit mining sector: Cynthia Carroll

She said investors need to understand “what it really takes to deliver projects.”

Exxaro Resources ends coal miners' strike in South Africa

Kerry Hall | March 25, 2013
Coal mine

South Africa's second-biggest coal miner supplies all of the country's coal-powered electricity plants.

South African mining threatened by electricity shortage

Kerry Hall | March 24, 2013
South Africa energy plant

Gold and platinum production could be stopped all together.

Breaking up is hard to do. Drumbeat for unbundling of gold majors gets louder

Frik Els | March 21, 2013
Breaking up is hard to do. Drumbeat for unbundling of gold majors gets louder

Hedge funder John Paulson set the ball rolling on the breakup of large gold producers. Some miners see it the same way.

Mining industry to solve lack of skilled workers with technology: study

Cecilia Jamasmie | March 18, 2013
Mining industry to solve lack of skilled workers with technology: study

International mining executives believe the industry is in the midst of a transition from a blue collar to a white collar workforce.

Power cut in SA cost AngloGold 20,000 ounces

Cecilia Jamasmie | March 18, 2013
Power cut in SA cost AngloGold 20,000 ounces

The world’s third-largest producer of the precious metal will see its first-quarter production reduced by about 20,000 ounces.

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