South Africa Mining News

South Africa's NUM union signs wage deal with AngloGold

South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti, inking the same agreement that other unions reached with the company earlier in the week.

South Africa withdraws draft minerals law; to separate oil, mining

South African withdrew its long-delayed draft legislation for the mining and petroleum industries and plans to come up with separate laws to govern the two.

South Africa's cabinet approves new mining charter

The mining charter was introduced to redress the exclusion of black people in the mining sector under apartheid.

Sibanye -Stillwater, Lonmin still committed to merger after competition watchdog decision

Sibanye and Lonmin said in a joint statement they remained fully committed to the deal, which is expected to close by the end of the year.

Ramaphosa gives taste of plan to kickstart South African economy

Ramaphosa revealed highlights of the plan at a Sept. 14 meeting and the full package should be announced at the Oct. 24 midterm budget.

South Africa's Eskom has coal shortages at 10 power plants – spokesman

Eskom said on Monday that it had fewer than 20 days of coal supplies at 10 of its 15 coal-fired power stations, posing a threat to national power supplies.

South Africa imposes tough conditions on Sibanye-Lonmin deal

The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

South African unions sign wage deal with AngloGold Ashanti

Three-year wage deal may inch the country's gold industry a closer to ending a standoff over pay.

Petra Diamonds CEO to leave following shares value dip, debt increase

Johan Dippenaar has held the top position since 2005, when Petra merged with Crown Diamonds.

How Anglo quietly built a commodity trader in Glencore's shadow

In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.

Top platinum mines keep digging even as price at decade low

Although about half of South African output is estimated to be unprofitable, few companies are reducing production by a meaningful amount.

South Africa's Implats CEO confident of funding during restructuring

Implats is confident of having adequate cash while restructuring its operations and cutting its workforce despite reporting a wider full-year loss.

Gold Fields plans to extend life of Peru mine through 2040

South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million.

South Africa's iron ore railway to be shut down for annual maintenance

The railway line stretches up to 861 km (534 miles) from iron ore mines at Sishen in the Northern Cape to the Saldanha port in the Western Cape.

Exxaro, Seriti are said to mull bids for South32 coal assets

South32’s South Africa Energy Coal unit, the country’s third-biggest exporter of the fuel, was split into a standalone business earlier this year.

Contract mining: The good, the bad and the ugly

The mining industry is an integral contributor to the South African economy, especially in terms of employment.

'Will I come back dead?' Human costs of South African gold

After more than two decades of improving mine safety since the end of apartheid, South Africa’s progress has stalled with an increase in gold-mining deaths.

South Africa to make oil, mining announcement in says, ANC says

An agreement has been reached on separating laws for the country’s oil industry and dropping a bill to govern the two sectors.

South African miner Assore reports profit fall on stronger rand

Assore reported a 1.9 percent fall in annual profit on Thursday as a strong rand currency offset favourable commodity prices and higher sales.

Embattled Acacia Mining lets partner up stake in Nyanzaga gold project

 Acacia — Tanzania's No.1 gold miner— will retain a net smelter return production royalty over the project, capped at $15 million.

South Africa's Sibanye launches $400m bond buyback

Sibanye said in a statement that it would fund the tender offer from existing cash resources.

De Beers will allow buyers to reject cheap diamonds

This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.

Lonmin's largest shareholder backs takeover by Sibanye-Stillwater

Lonmin has been the biggest casualty in South Africa's platinum mining industry.

India's Anil Agarwal succeeds with Vedanta Resources buyout

Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.

South Africa Mining Charter expected by November, Mantashe says

South Africa plans to publish a final version of its new Mining Charter for implementation by November.