Gold bars are not impacted by the export ban on gold and copper concentrate imposed by the Tanzanian government in March.
South Africa Mining News
KPMG cleared out its South African leadership last Friday after it found that work it did for firms owned by the Gupta family, businessmen friends of President Jacob Zuma, "fell considerably short" of its standards.
The National Union of Mineworkers said on Thursday its members would go on an indefinite strike at the mine over wages, benefits.
He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.
President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.
Zama zamas earn a pittance for work that puts their lives at risk on a daily basis
Shares in the diamond miner fell for a second consecutive day after it warned that two of its South african mines had been affected by strikes.
The miner warned further reductions could be in store at those operations, which employ 31,000 people.
The Africa-focused diamond miner said that would likely happen unless it solves its issues with the government of Tanzania.
The decision to offload the asset is part of a restructuring process that includes laying off about 8,500 workers, roughly 30% of the company’s workforce.
The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it did not think its operating licence was in jeopardy.
Mines minister Mosebenzi Zwane had pledged in writing to a court that he would not publicly say changes to an industry charter were "law" until a judicial challenge has been completed.
The National Union of Metalworkers of South Africa (NUMSA) has demanded Glencore raise coal mining wages by 15 percent.
The diamond miner also had to halt operations at its Williamson mine as several key employees are being questioned by local authorities.
South Africa holds the world's biggest reserves of platinum, chrome and manganese, but investment in the sector has dropped in each of the past two years as a result of increasing legal uncertainty and labour disputes.
Official figures released on Thursday signall a bad start for the second half of the year with business confidence at its lowest in more than three decades.
President John Magufuli has asked for a review of a local contract belonging to Petra Diamonds and ordered senior officials to resign over the outcome of a probe into the diamond and tanzanite sector.
A rise in refined supply (despite a 9% dip in mine-level output) and a drop in automotive and industrial demand erases Q1's 305,000-ounce deficit.
Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.
Death toll has risen to five after a tremor rocked the firm's Kusasalethu mine last week.
Zambian electricity utility Copperbelt Energy Corporation (CEC) and Glencore's Mopani Copper Mines have reached an agreement to restore full power supply to the mine from Wednesday, the president's office said on Wednesday.
The miner, South Africa’s largest gold producer, said that in the absence of a dividend, it’ll give investors two new shares for every 100 held.
Two more remain missing after they were trapped underground following an earth tremor last week.
Two miners have been killed in an underground mine collapse in South Africa caused by an earth tremor.
Rescue teams have been working to find the workers since the incident occurred at about 10.30 a.m. local time at its Kusasalethu mine near Cartonville, west of commercial hub Johannesburg.