This rise happened due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity.
South Africa Mining News
Move aims to curb unrest around Anglo American's most profitable platinum mine — Mogalakwena.
The approval of the supreme decree 042-2017 in December might generate more unrest.
"In Venezuela, we are out of gas. In Venezuela, there is no gas oil. In Venezuela, there are no lube oils."
Workers at Pan African Resource's Barberton gold mine in South Africa have ended a wildcat strike that started on Sunday, an industry source said on Friday.
About 1,800 workers at Barberton mine downed tools in the strike, which was also called to protest the dismissal of two of its union leaders.
More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.
The political shifts are good news for the likes of BHP Billiton Ltd., Rio Tinto Group, Glencore Plc and Anglo American Plc.
ArcelorMittal South Africa, which has agreed to pay a 1.5 billion rand ($116.85 million) fine for colluding to fix steel prices in five instalments.
From Cecil Rhodes’s legacy in southern Africa to takeover battles gripping the British public and a massacre at one of its mines, the 106-year-old epic that’s Lonmin risks entering its final act.
After years of near-death experiences, the story of Lonmin Plc is finally over.
"The lower number of carats tendered and sold is attributable to a reduction in the volume of material being processed," the company revealed.
Sibanye said it would cut a third of Lonmin's employees and deliver savings of about $112 million a year by 2021.
There were 81 fatalities from January through November, according to data from the Chamber of Mines. Thursday, a death at Tshepong Mine brought total to 82.
The $300 million deal, which incorporates the Great Noligwa underground mine and related infrastructure, is expected to boost Harmony's operational cash flow by 60%.
Strategy adds 2.1 million ounces to Tropicana's business plan and extends the mine life by seven years to 2027.
Chief executive Bruce Cleaver said the changes were necessary to sustain De Beers' success as a business.
Miner announced record output of chrome and platinum group metals, also said it was seeking to diversify into EV materials.
Despite possible breach of banking agreements, company execs believe finances will improve following lift of Tanzanian export ban.
Company says move paves the way for a lower-cost operator to take the diamond mine beyond 2020, when it is scheduled to close.
Process could lead to a listing of the business on the Johannesburg stock exchange, it said.
Deal averts a sector-wide strike that could have impacted power supply.
Lawyers acting for thousands of gold miners who contracted lung diseases at work in SA mines say an out-of-court settlement could be reached by December.
The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD.
Lawmakers will miss a December target to pass changes to mineral resource laws, seen as key for greater investor certainty.