The transaction is now expected to be completed in the first quarter of 2015.
The potential buyer — community-owned firm Baroka Tribal Mining— will also acquire Amplats' 22.5% percent indirect stake in its joint venture partner, Atlatsa Resources.
The revised plan for their jointly-owned Wafi-Golpu in PNG will require an initial capital spending cost of $2.3 billion.
The country needs funds to keep the lights on, but buyers may be hard to come by.
In his first investor day since buying Xstrata last year, Glencore’s boss highlighted his company’s spread of commodities and took aim at the expansion strategies of Rio Tinto and BHP Billiton.
South Africa’s gold mining companies have started a fightback against money lenders who they say are preying on employees and damaging labor relations.
South African earthmover manufacturer Bell Equipment announced plans on Wednesday to restructure and shed jobs, as mining industry customers delay spending in the face of falling commodity prices.
The company has begun a 60-day consultation with unions at Kusasalethu mine, its largest operation.
Illegal gold excavation and scrapping, worth about six billion rands per year (about US$550 million), is today the lifeblood of Johannesburg’s informal economy.
Suppliers to the African mining industry need to improve their on-site support and product delivery capabilities, finds new survey by Timetric’s Mining Intelligence Center.
The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.
The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.
Goldman, BASF, HSBC and Standard Bank accused of front-running and spoof orders while in charge of the London PGM Fix since 1989.
Locals were protesting the imminent construction of Platreef platinum mine.
The miner has hit exceptionally high-grade silver, zinc and copper at its Kipushi mine in the DRC.
The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.
The miner, structured to "break even" at $1,050 per ounce, warned it would have to re-think the business if bullion prices dip below $1,000 and stayed there for a while.
After the Toronto Stock Exchange rang the closing bell today, Ivanhoe Mines (IVN.TSX) announced they were resuming development work on Platreef, their 75.7 million ounce (Indicated + Inferred) platinum-gold-nickel-copper project in South Africa.
They will look at compensation and medical care for workers with occupational lung disease or "silicosis."
A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.
More than two years after 34 protesters were killed in the deadliest police action in South Africa since the end of apartheid, the state is completing its investigation.
The country's mining industry sees a decline in financial performance in the wake of continued labour unrest and cost pressures.
A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.
Eastern Platinum Limited has reached an agreement with Hebei Zhongbo Platinum Company Limited for the disposal of its platinum group metal operations in South Africa.
The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.
South Africa’s Department of Mineral Resources has finally approved the miner's Platreef platinum project.
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