South Africa Mining News

Petra Diamonds results beat expectations on strong sales, production

Output rose 16% to 3.7 million carats, which puts Petra on track to hit its long term annual target of 5 million carats in 2018, a year earlier than planned.

S. African mining firms support Gov't efforts in respect of unclaimed lung disease benefits

The six mining companies which form the Occupational Lung Disease Working Group said they support the work being done by the national departments of Mineral Resources and Health to ensure that former mineworkers are able to claim all the benefits they are entitled to.

Rising metal prices help AngloGold Ashanti swing back to profit

The world’s third-biggest gold miner said its net earnings will also benefit from weaker operating currencies in South Africa, Brazil, Australia and Argentina.

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

Did $78 billion South African gold exports really go missing?

According to a UN report, since 2000 two-thirds of South Africa's gold exports – mostly to India – did not appear on its trade partners' books.

South African gold firms file plea to appeal lung disease class action

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.

Lack of long term strategic leadership partly to blame for mining job losses in S. Africa

South Africa's mining sector is facing the most serious challenge for many years demonstrated by mounting job losses.

Sibanye may close loss-making Cooke 4 mine, puts 2,500 jobs on the line

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.

South Africa girding for another platinum strike

In what seems like an annual event, platinum companies in South Africa are bracing for what could be another year of labour unrest.

Petra sells 121.2- carat diamond for $6 million

It was found at Petra's Cullinan mine in South Africa, which has yielded several massive gems, including the largest rough gem diamond ever discovered.

Australia’s uranium polluting the Antarctic — scientists

Australia has about 40% of the world's uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.

KP Chair visits Angola and South Africa

Part of his continuing Africa Initiative.

China's nuclear war on coal

Beijing's already cut coal miners working hours by 16% and plans to eliminate 500 million tonnes of coal capacity within just 3–5 years.

Sibanye, OceanaGold join the World Gold Council

Sibanye is the largest individual producer of gold in South Africa and one of the 10 largest globally. OceanaGold is a rapidly growing multinational gold producer with assets located in the Philippines, New Zealand and the United States.

South African gold miners to appeal ruling in silicosis case

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.

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

Petra finds another massive diamond at its Cullinan mine

The 121.26-carat white rock is a Type II diamond "of exceptional colour and clarity," according to Petra.

Massive Cullinan Dream blue diamond fetches over $25m at auction

Price tag makes it the most expensive fancy intense blue diamond ever sold at auction.

Diamond exports ban lifted from Central African Republic

Decision comes three years after the country’s gems were found to be funding armed groups in an inter-religious conflict and placed under embargo.

South African gold miners to appeal silicosis ruling

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.

Randgold’s Bristow sets off on another epic bike ride for Africa’s poor

Randgold Resources chief executive Mark Bristow is on a fund-raising motorbike safari, which will take him from east to west across mid-Africa.

Sibanye’s platinum mine workers begin indefinite strike

The company will seek a court order to stop the strike, which is already affecting output.

No waste, no fuss for the mining industry

Mining companies are required, by law, to have abatement plans in place to deal with all kinds of waste.

South African miners to pay 67% of acid drainage clean-up costs

The government will pay for two-thirds of the cost by collecting money from mining companies through a new environmental levy.

Ivanhoe Mines condemns promotion of false and dishonest claims by Mining Watch Canada

The Canadian miner strongly refutes accusations of human rights abuses and illegal operations at its South African project made by the NGO.