South Africa Mining News

South32 posts $1.6bn loss but pays maiden dividend

The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.

Sibanye logs steep rise in half-year profit, mulls platinum mines future

The miner said it was is currently assessing the operational and financial situation of its platinum division, which may require "remedial action".

How Metso shifted its service offerings to customer outcomes

Life Cycle Services

Conveyor Manufacturers Association collaborates in chute design and modelling course

Design of chutes, which are a vital link in any conveyor system, are often an afterthought when designing the main conveyor system.

Harmony Gold swings back to profit, will consider Barrick's Acacia stake

The potential acquisition fits in the South African gold producer’s plans to expand operations across Africa.

Anglo's top shareholder could reduce it to diamond-only miner

South Africa's state pension fund is pushing Anglo to spin off all its assets in the country, including the miner's coveted platinum mines.

South Africa output topples platinum, palladium prices

PGM prices plunge after data show country's mines responsible for 70% of global production are humming and local currency revenues are hitting records.

Ivanhoe Mines’ DRC project likely Africa's top copper discovery shows fresh drilling results

Shares in the Canadian company were up more than 3.6% Thursday morning on the news.

Petra Diamonds finds massive 138-carat white rock at its Cullinan mine

The diamond will be offered for sale in Johannesburg later this month.

Anglo American declines merger offer from Vedanta

Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.

Anglo American narrows debt despite posting steep first-half loss

The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.

Barrick in talks with South African miners to sell stake in Acacia — report

The potential sale of its its 64% interest in Acacia would be part of Barrick's broader strategy of selling non-core assets to reduce debt.

Anglo reshuffles Kumba Iron Ore management ahead of sale

The company however is still debating whether to sell or spin off its majority stake in Kumba Iron Ore Ltd, Africa's top producer of the commodity.

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.