A total of 12.5 million tonnes of manganese will be transported every year once Transnet signs contracts with nine local manganese producers.
South Africa Mining News
Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South Africa’s mining sector was to finalize revised plans for black ownership in the industry in the coming weeks.
ARM declared a dividend of 250 cents per share for the first half.
The partners in Canada's Gahcho Kué mine, Mountain Province, said the planned acquisition opens up some potential new options for the operation’s future.
The Minister of Lands and Natural Resources announced that he has agreed to sign a Memorandum of Understanding with protesting workers.
Workers had downed tools on Monday to demand higher wages and better benefits, according to a union leader.
The suit was launched around six years ago on behalf of miners suffering from silicosis, contracted by inhaling silica dust in gold mines.
The strengthening rand, which squeezes profits for both producers, could make the transaction less attractive for Sibanye.
Global platinum supply is forecast to be 7,815 koz in 2018, a decline of 2% from 2017.
The Optimum coal mine, which has faced a strike by its workers over unpaid salaries, sought protection from creditors on Feb. 20.
Mining companies operating in the country vigorously oppose new code to be signed into law.
South Africa's mining industry and the government are moving closer to resolving a dispute over levels of black ownership that’s deterred investment and dragged down growth in the country.
According to the Chamber of Mines of South Africa, illegal miners in the country usually belong to organised crime syndicates.
“We want to grow to be an at least 1-million-ounce-a-year producer with three to four operations,” said Chief Executive Ron Hochstein at PDAC.
"Our optimistic outlook for the rand will shift our existing positive view on South African gold miners over the coming years," says the market research firm.
The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.
Uncertainty around the charter has deterred investment into a sector that accounts for 8% of gross domestic product in the world's top platinum producer
Some platinum stocks are looking attractive again as oversupply that depressed prices for years subsides.
New study uses the conditions inside of the mine to better understand how life might survive on Jupiter’s moon Europa, which is considered a prime candidate for the search of extraterrestrial activity.
If there is a trend at play here, it’s that diversified miners are the ones most likely to exit coal.
Illegal gold mining has plagued South Africa for decades and it costs the government and the industry more than 20 billion rand ($1.7 billion) a year.
Deteriorating and inadequate infrastructure at the mine, high operating costs, such as rising electricity, labour costs, and a low gold price.
The Gupta brothers were accused of using their political connections to win state contracts and influence cabinet appointments
Investors might be running out of patience with Sibanye Gold Ltd.’s colorful chief executive, Neal Froneman.
In lieu of the cash dividend, it will undertake a "capitalisation issue" that will see four ordinary shares given to shareholders for every 100 they hold.