South Africa Mining News

Three missing after South African gold mine collapses, trapping 87

Trapped miners were brought to the surface through ventilation shafts.

South Africa’s opposition claims Glencore ‘forced’ to sell coal mine

The country's biggest opposition party said the mines minister and state power utility made Glencore sell its Optimum coal operation.

Anglo American risks eviction from FTSE 100

FTSE 100 reweighting to take place in March.

Sibanye Gold shopping for new mines, possibly including base metals

The gold miner is expanding its portfolio to platinum, coal and uranium, as it also mulls an incursion in the base metals sector.

Anglo American may fully exit Brazil — report

The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.

Anglo American shares rally on iron ore output hike, cost-cutting measures

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.

Anglo American and Lonmin heap pain on South African mining with 9,000 job cuts

Embattled miners have cut jobs in the face of plunging commodity prices, putting pressure on the South African government

Russia’s Alrosa quarterly sales up 45%

Rough diamonds sales rose to 7.1 million carats in October through December. This compares with 4.9 million carats of sales in the third quarter.

Key appointments in Canada and South Africa for Gekko Systems

Gekko Systems is pleased to welcome four new staff members to its Canadian and South African global offices as the company continues to strengthen its delivery of customer support, sales and services around the world.

Anglo American Platinum full-year loss to hit over $850 million

Only last month, the South African miner announced it was postponing all investment in new or replacement capacity until at least 2017

Four killed in Rustenburg platinum mine fire

Four miners have died in an underground fire in a platinum mine, the Impala group said in a statement.

South32 mulls acquisition of Anglo’s $1bn business in Brazil

Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.

Anglo American officially out of the Middle East

The miner has finally completed the sale of assets from its Tarmac joint venture to a subsidiary of French engineering and construction group Bouygues.

Iron ore price 16% rally off decade low comes to abrupt halt

Hopes pinned on Big 4 to exercise their "unprecedented pricing power".

Randgold Resources bails out of Ghana partnership with AngloGold

The company said it believed that the Obuasi mine does not meet its criteria for making an investment.

De Beers closing another diamond mine, this time in Botswana

Debswana, a 50/50 joint venture between De Beers and the government of Botswana, is set to close its Damtshaa mine and scale down production at Orapa.

2015: Twilight of the Supercycle

A look back at mining and metals in 2015 through MINING.com's most popular stories of the year.

Anglo American to cut 85,000 jobs, dividend and assets in sweeping restructuring

The job cuts, part of a major overhaul, are far greater than the 53,000 positions the miner said it would cut in July.

More than 400 jobs to go at South32 manganese mine in South Africa

The country's largest mining union said it had received notice from South32 about the planned cuts and wants the government to intervene.

Anglo American set to announce dividend cut next week

One of the miner’s worst kept secret may be revealed as soon as Tuesday.

Glencore could sell its troubled South African Optimum coal mine

Glencore's struggling South African unit, Optimum, which is currently embroiled in a dispute over the price of coal with power utility Eskom could be sold off, a firm appointed to rescue the troubled business said.

De Beers' Kimberley Mines sold to Petra Diamonds, Ekapa Mining for $7.2m

The sale marks the end of De Beers' century-long diamond mining history in South Africa.

Anglo American shares close at lowest in 16 years on HSBC note

HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.

Lonmin investors approve key $407m rights issue

The move will allow the platinum miner to restructure its debt and, it hopes, weather an ongoing decline of platinum prices.

Gold Fields deciding Ghana’s mine fate, as bullion prices dive

Its Damang mine in Ghana is struggling with current gold prices, the firm said.