South Africa

Sibanye Gold in talks about possible South Africa job cuts

mineweb - daily news headlines | September 12, 2014
Top Chinese gold miner sets aside $1bn for African buys

Sibanye has started talks with unions and other stakeholders about possible job cuts at its Cooke 4 mine to boost profits and productivity.

South Africa’s mining output at lowest in over 18 months

Cecilia Jamasmie | September 11, 2014
South Africa’s mining output at lowest in over 18 months

Platinum and gold sectors among the worst performers due to labour strikes that cripple the industry early this year.

These are the top risks miners face

Cecilia Jamasmie | September 11, 2014
These are the top risks miners face these days

Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.

This is the $10 million-plus white diamond just found in South Africa

Cecilia Jamasmie | September 10, 2014
This is the $10 million-plus white diamond just found in South Africa

Analysts predict could fetch between $10 million to $16 million.

AngloGold Ashanti shares plummet on spin off announcement

Cecilia Jamasmie | September 10, 2014
AngloGold shares plummet on spin off announcement

The miner has revealed a major restructuring involving a plan to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.

Business leaders call for greater global support against Ebola outbreak

Cecilia Jamasmie | September 8, 2014
Business leaders call for greater global support against Ebola outbreak

A group of 11 chief executives of firms operating in West Africa have called for more international support to combat the deadly virus.

Anglo American chief not going for any major corporate split

Cecilia Jamasmie | September 7, 2014
Anglo American chief not going for any major corporate split

A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.

Ivanhoe transfers 26% of S. Africa’s platinum project to locals

Cecilia Jamasmie | September 4, 2014
Ivanhoe transfer 26% of S. Africa’s platinum project to locals

It has given 20% to 20 local groups, 3% to black entrepreneurs and managerial employees, and another 3% to historically disadvantaged South African staff.

Frik Els

Glasenberg pooh-poohs Anglo takeover

Frik Els | September 3, 2014
Glasenberg pooh-poohs Anglo takeover

There's a history there of course. Just ask Mick Davis.

PGM roller coaster ride: long way down

Frik Els | September 2, 2014
Palladium price roller coaster ride: long way down

Palladium drops sharply from 13-year highs. Sister metal platinum close to wiping out 2014 gains.

Palladium price sets fresh 13-year high

Frik Els | August 29, 2014
Palladium price sets fresh 13-year high

But platinum slide continues despite Ukraine escalation.

This extremely rare $25.6 million blue diamond may reveal Earth’s origins

Cecilia Jamasmie | August 28, 2014
This extremely rare $25.6 million blue diamond may reveal Earth’s origins

The “Blue Moon" will go on public display in three weeks' time in Los Angeles, California.

Botswana blocks at least 100 copper trucks from Congo over Ebola fear

Cecilia Jamasmie | August 28, 2014
Botswana blocks at least 100 copper trucks from Congo over Ebola fear

The vehicles, en route to South Africa, have been stranded in neighbouring Zambia since Monday.

South Africa's gov't ready to monitor safe shale gas exploration

SA News | August 27, 2014

Authorities said Wednesday they are ready to regulate and monitor companies that have expressed an interest in exploring shale gas in the country.

Platinum, palladium prices are tanking

Frik Els | August 20, 2014
Platinum, palladium prices are tanking

Supply fears have pushed prices higher, but industry worries are shifting to softening demand.

INFOGRAPHIC: Best, brightest CEOs in mining

Visual Capitalist | August 20, 2014
CEOs in mining feat

Who were the top earners in 2013?

Gold Fields sells majority stake in Peruvian project to Buenaventura

Cecilia Jamasmie | August 19, 2014
Gold Fields sells majority stake in Peruvian project to Buenaventura

The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.

Palladium skyrockets on Russia tensions, hits 13-year high

Cecilia Jamasmie | August 18, 2014
Palladium skyrockets on Russia tensions, hits 13-year high

It hit $900 a troy ounce for the first time since 2001.

Ivanhoe picks banks to evaluate African copper projects

Cecilia Jamasmie | August 18, 2014
Ivanhoe picks banks to evaluate African copper projects

The strategic review will focus on the potential introduction of third-party strategic investors or joint-venture parties for the Kamoa and Kipushi copper projects in the DRC.

U.S., Canada and Latin America the cheapest regions to mine gold: report

Cecilia Jamasmie | August 13, 2014
u-s-canada-and-latin-america-the-cheapest-regions-to-mine-gold-report

A case in point: AngloGold Ashanti's Americas division produced gold at $765 per ounce, almost $100 an ounce less than its South African operations.

Glencore zinc and nickel output drops

Frik Els | August 13, 2014
Nickel price rally still has a long way to go

Mines in Australia and Dominican Republic put on care and maintenance and Canadian operations' reserves depleted during first half of the year.

AngloGold Ashanti to keep cutting costs, jobs

Jeffrey Richmond | August 11, 2014
AngloGold Ashanti to keep cutting costs, jobs

Firm also working to restructure Obuasi mine in Ghana.

Harmony Gold to write down $130 million on mothballed mine expansion

Cecilia Jamasmie | August 8, 2014
Harmony Gold to write down $130 million on mothballed mine expansion

Harmony decided against expanding its Phakisa mine and will write down the value of the asset.

Strong earthquake hits South Africa, no miners trapped

Cecilia Jamasmie | August 5, 2014
Strong earthquake hits South Africa, no miners trapped

The quake is the largest in the southern Africa region since a 7.0 tremor hit Zimbabwe in 2006.

AngloGold expects more assets on the block before year-end

Cecilia Jamasmie | August 1, 2014
AngloGold expects more assets on the block before year-end

Forecast slump in gold prices to drive more mine sales, says the firm.

Mali revokes 130 mining licences

Cecilia Jamasmie | July 31, 2014
Mali revokes 130 mining licences

Decision comes on the heels of a finished inventory of permits, which aimed to clean up the sector.

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