South Africa Mining News

South Africa mine lobby is said to plan free carry challenge

The Minerals Council “will make a comprehensive submission” to the Department of Mineral Resources and participate fully in a summit planned for July.

Asanko, Gold Fields $185 million-venture in Ghana gets the green light

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 coal terminal boosts productivity with $98m upgrade

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.

BPI launch marks a new era in battery driven mining technology in SA

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-Stillwater commits to restoring and improving on safety at its operations

Sibanye has experienced an increase in safety incidents at its Southern Africa operations, with 20 employees losing their lives since February 2018.

Gold street is where South Africa’s mining history goes to die

Additional cuts are to come across mines and towns in South Africa, once the world’s biggest producer of gold.

Former mine workers and dependents can now register interest in historic silicosis/TB settlement

The historic settlement was reached on 3 May 2018, after three years of extensive negotiations, between the companies and the claimants’ attorneys.

South African miners say free carry will kill new projects

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.

S.African union open to inflation-linked pay deal at Eskom – source

Africa's most industrialised economy suffered power outages last week because of what Eskom had said was an "illegal protest action".

S.African lobby group opposes parts of new draft mining charter

The Minerals Council South Africa said it does not support some elements in the latest draft of an industry charter.

Almost half of deadly mine accidents in South Africa happened at Sibanye-Stillwater sites: Minister

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.

South Africa's new mining charter to credit past black deals

The charter produced in 2017, drafted by previous Minerals Minister Mosebenzi Zwane, threatened as many as 100,000 jobs.

S.Africa's draft law proposes 30 pct black ownership for mining firms within 5 years

Agreeing a new version of the charter is seen as instrumental to securing further investment in the mining sector.

South Africa's Sibanye confirms all five missing miners’ dead

Sibanye-Stillwater has recovered the body of the fifth and final missing mine worker after a three-day search.

Petra Diamonds secures $170 million to help lower debt

Shareholders approved the discounted rights issue at a special meeting in London held Wednesday.

Tharisa expands Zimbabwe exposure with $4.5 million platinum deal

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.

Death toll rises to four at South Africa's Sibanye mine

Search for the fifth miner continues.

South Africa union seeks 12,500 rand minimum for gold miners

The labor group calls for an increase in benefits ranging from severance pay to transport costs and longer maternity leave.

Thomson Reuters publishes GFMS Platinum Group Metals Survey 2018

Are the dark days for platinum set to last?

Sibanye CEO says seismic events a fact of life for South Africa mines

Sibanye has faced strong criticism from unions, local media and the government after the earthquake at its Driefontein gold mine that killed the miners.

South Africa scraps plan for mining community development levy

Mining companies would have have to contribute 1 percent of their annual turnover to a new community development agency.

Impala Platinum gives Zimbabwe almost half of its mining land

The miner's Zimbabwean subsidiary, Zimplats, has released 23,903 hectares of its mining claims to the government.

South Africa's Harmony raises $82 mln via share sale

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.

South Africa's economy contracts most in nine years on mines

The South African Reserve Bank forecasts the economy will expand 1.7 percent this year in 2019 and 2 percent in 2020.

South Africa's Harmony Gold says to sell up to $99 mln of new shares

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.