Output rose 16% to 3.7 million carats, which puts Petra on track to hit its long term annual target of 5 million carats in 2018, a year earlier than planned.
South Africa Mining News
The six mining companies which form the Occupational Lung Disease Working Group said they support the work being done by the national departments of Mineral Resources and Health to ensure that former mineworkers are able to claim all the benefits they are entitled to.
The world’s third-biggest gold miner said its net earnings will also benefit from weaker operating currencies in South Africa, Brazil, Australia and Argentina.
Shares plunged after miner revealed that output fell almost across the board in the April – June period.
According to a UN report, since 2000 two-thirds of South Africa's gold exports – mostly to India – did not appear on its trade partners' books.
The class action the firms want to appeal paves the way for thousands of current and former miners suffering from silicosis and tuberculosis to seek damage compensation from the companies.
South Africa's mining sector is facing the most serious challenge for many years demonstrated by mounting job losses.
The company said financial losses at the mine threaten the viability of the rest of the Cooke operations, which include four mines and three processing plants.
In what seems like an annual event, platinum companies in South Africa are bracing for what could be another year of labour unrest.
It was found at Petra's Cullinan mine in South Africa, which has yielded several massive gems, including the largest rough gem diamond ever discovered.
Australia has about 40% of the world's uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.
Part of his continuing Africa Initiative.
Beijing's already cut coal miners working hours by 16% and plans to eliminate 500 million tonnes of coal capacity within just 3–5 years.
Sibanye is the largest individual producer of gold in South Africa and one of the 10 largest globally. OceanaGold is a rapidly growing multinational gold producer with assets located in the Philippines, New Zealand and the United States.
If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.
2017 Investing in African Mining Indaba introduces significant price reduction for mining corporates
Registration fees are as much as 50% lower than last year for mining corporates
The 121.26-carat white rock is a Type II diamond "of exceptional colour and clarity," according to Petra.
Price tag makes it the most expensive fancy intense blue diamond ever sold at auction.
Decision comes three years after the country’s gems were found to be funding armed groups in an inter-religious conflict and placed under embargo.
They will dispute the country's High Court decision last month to allow a class action suit seeking damages for up to half a million miners who contracted silicosis and tuberculosis.
Randgold Resources chief executive Mark Bristow is on a fund-raising motorbike safari, which will take him from east to west across mid-Africa.
The company will seek a court order to stop the strike, which is already affecting output.
Mining companies are required, by law, to have abatement plans in place to deal with all kinds of waste.
The government will pay for two-thirds of the cost by collecting money from mining companies through a new environmental levy.
The Canadian miner strongly refutes accusations of human rights abuses and illegal operations at its South African project made by the NGO.