South Africa Mining News

Sibanye-Stillwater signs three-year gold wage agreement with unions

Sibanye-Stillwater currently employs over 32,000 people at its South Africa gold operations.

Lonmin workers ask South African tribunal to stop merger with Sibanye

If approved, merger would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

South Africa's Gold Fields Q3 production down 3%

South Deep has faced numerous operational obstacles below the surface and is undergoing restructuring that would cut around about 1,100 jobs.

Anglo finds returns outweigh risks as it renews Africa focus

The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.

Botswana Diamonds yields control of South African project to contractor

Deal will allow the company to self-fund the Thorny River project from bulk sampling through to mine development.

South Africa's Harmony Gold Q1 output surges on Hidden Valley, Moab Khotsong

Harmony Gold reported a 30-percent jump in quarterly total production boosted by its Hidden Valley and Moab Khotsong mines.

Canadian diamond miner grows output from South African mine

Diamcor Mining announced that following its previous release on the initial tender of 2,606.50 carats of rough diamonds, it delivered an additional 5,335.83 carats before the end of October.

Court sides with gold fields as South Deep strike continues

Gold Fields insists that it will not back down from its decision to reduce the workforce and says the strike may only cause more job losses.

Striking workers block access to Gold Fields South Africa mine

The strike, involving more than 3,000 workers, started Friday afternoon to protest the gold miner’s plan to cut jobs.

Gold Fields workers to strike over planned 1,100 job cuts at South Deep

The National Union of Mineworkers (NUM), which represents around 80 percent of the employees at the mine, will down tools on Friday.

S.Africa's Implats in talks to sell 1 Shaft operation in Rustenberg

Implats plans to trim staff by about a third -- more than 13,000 jobs -- over two years at its Rustenburg platinum belt.

South African diamond miner wants to go digital

Epiroc and Kimberley Ekapa Mining are working together to digitize the latter’s diamond operations.

Vedanta says will invest $700-$800m in South Africa smelter

Investment in South Africa on the rise

Sibanye, Regulus to jointly develop Argentina’s Altar copper-gold project

The project, located in the San Juan province, is about 10km from the border with Chile, the world’s No. 1 copper producer.

Lucapa secures $7m loan to boost Lesotho mine development

First commercial diamonds from the company's 70%-owned Mothae mine expected in early November.

Petra Diamonds revenue up as production, sales jump

Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compared to the same period of 2017.

Lonmin in $200m loan deal with state-backed Chinese company

Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Copper, China’s largest copper producer.

Acacia threatens Tanzania with legal action as dispute escalates

The company is also seeking direct talks with the country's government, as it's been excluded so far from negotiations between controlling shareholder, Barrick Gold, and President John Magufuli.

Tanzania anti-corruption body charges Acacia subsidiaries with tax evasion, money laundering

The news comes barely a week after the company said another worker had been released on bail after being charged with corruption.

Gold Fields CEO asks for `more time' as investors get antsy

Shareholders getting impatient over the Gold Fields failure to stem losses at the huge South Deep deposit in South Africa shouldn’t lose hope.

RandGold CEO resigns from conservation group after trophy hunting scandal

The Daily Mail published controversial images of Bristow posing next to dead elephants.

Vitol, Trafigura to bid for coal mines once owned by Guptas

Bids for Optimum are expected to be finalized by the end of November, with due diligence starting on Monday.

S.Africa's Ramaphosa announces plan to reduce sky-high unemployment

President Ramaphosa announced a wide-ranging set of deals between government, big business and labour that he said would create 275,000 more jobs a year.

South Africa's Exxaro eyes South32's coal assets, export quota

South African miner Exxaro is eyeing South32's local coal assets, which include an export quota, as it looks to increase its exports.

South Africa mulls SOV, should not harm mining sector – minister

South African government is considering a sovereign wealth fund but is looking for a way to fund it without harming the mining industry.