The Minerals Council “will make a comprehensive submission” to the Department of Mineral Resources and participate fully in a summit planned for July.
South Africa Mining News
Miners area are teaming up to develop one of Ghana’s newest gold mine, the Asanko Gold Mine (AGM), located in the Ashanti Region.
South Africa's Richards Bay Coal Terminal has boosted productivity after a 1.34 billion rand ($98 million) machinery upgrade, the firm said on Thursday.
Battery Power Industries (BPI), an innovative battery driven mining vehicle solution provider has officially launched. BPI targets zero emission underground mining equipment with their advanced battery energy systems technology offering.
Sibanye has experienced an increase in safety incidents at its Southern Africa operations, with 20 employees losing their lives since February 2018.
Additional cuts are to come across mines and towns in South Africa, once the world’s biggest producer of gold.
The historic settlement was reached on 3 May 2018, after three years of extensive negotiations, between the companies and the claimants’ attorneys.
The industry argues that the free carry -- which means the respective groups don’t have to buy their shares or pay their way -- will make new developments even less likely.
Africa's most industrialised economy suffered power outages last week because of what Eskom had said was an "illegal protest action".
The Minerals Council South Africa said it does not support some elements in the latest draft of an industry charter.
Gwede Mantashe said that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater’s mining sites.
The charter produced in 2017, drafted by previous Minerals Minister Mosebenzi Zwane, threatened as many as 100,000 jobs.
Agreeing a new version of the charter is seen as instrumental to securing further investment in the mining sector.
Sibanye-Stillwater has recovered the body of the fifth and final missing mine worker after a three-day search.
Shareholders approved the discounted rights issue at a special meeting in London held Wednesday.
It gives the company access to 23,903 hectares of land in the country Great Dyke, which has a potential for 96 million ounces of platinum and palladium.
Search for the fifth miner continues.
The labor group calls for an increase in benefits ranging from severance pay to transport costs and longer maternity leave.
Are the dark days for platinum set to last?
Sibanye has faced strong criticism from unions, local media and the government after the earthquake at its Driefontein gold mine that killed the miners.
Mining companies would have have to contribute 1 percent of their annual turnover to a new community development agency.
The miner's Zimbabwean subsidiary, Zimplats, has released 23,903 hectares of its mining claims to the government.
The South African company, which competes with AngloGold , Gold Fields and Sibanye-Stillwater at home, sold 55 million new shares, or 15 percent stake, at 19.12 rand each, an 11.7 percent discount to the closing price on Tuesday.
The South African Reserve Bank forecasts the economy will expand 1.7 percent this year in 2019 and 2 percent in 2020.
The proceeds will be used to used to pay down part of Harmony Gold's outstanding $150 million bridge loan for the Moab Khotsong mine.