South Africa

Palladium price sets fresh 13-year high

Frik Els | August 29, 2014
Palladium price sets fresh 13-year high

But platinum slide continues despite Ukraine escalation.

This extremely rare $25.6 million blue diamond may reveal Earth’s origins

Cecilia Jamasmie | August 28, 2014
This extremely rare $25.6 million blue diamond may reveal Earth’s origins

The “Blue Moon" will go on public display in three weeks' time in Los Angeles, California.

Botswana blocks at least 100 copper trucks from Congo over Ebola fear

Cecilia Jamasmie | August 28, 2014
Botswana blocks at least 100 copper trucks from Congo over Ebola fear

The vehicles, en route to South Africa, have been stranded in neighbouring Zambia since Monday.

South Africa's gov't ready to monitor safe shale gas exploration

SA News | August 27, 2014

Authorities said Wednesday they are ready to regulate and monitor companies that have expressed an interest in exploring shale gas in the country.

Platinum, palladium prices are tanking

Frik Els | August 20, 2014
Platinum, palladium prices are tanking

Supply fears have pushed prices higher, but industry worries are shifting to softening demand.

INFOGRAPHIC: Best, brightest CEOs in mining

Visual Capitalist | August 20, 2014
CEOs in mining feat

Who were the top earners in 2013?

Gold Fields sells majority stake in Peruvian project to Buenaventura

Cecilia Jamasmie | August 19, 2014
Gold Fields sells majority stake in Peruvian project to Buenaventura

The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.

Palladium skyrockets on Russia tensions, hits 13-year high

Cecilia Jamasmie | August 18, 2014
Palladium skyrockets on Russia tensions, hits 13-year high

It hit $900 a troy ounce for the first time since 2001.

Ivanhoe picks banks to evaluate African copper projects

Cecilia Jamasmie | August 18, 2014
Ivanhoe picks banks to evaluate African copper projects

The strategic review will focus on the potential introduction of third-party strategic investors or joint-venture parties for the Kamoa and Kipushi copper projects in the DRC.

U.S., Canada and Latin America the cheapest regions to mine gold: report

Cecilia Jamasmie | August 13, 2014
u-s-canada-and-latin-america-the-cheapest-regions-to-mine-gold-report

A case in point: AngloGold Ashanti's Americas division produced gold at $765 per ounce, almost $100 an ounce less than its South African operations.

Glencore zinc and nickel output drops

Frik Els | August 13, 2014
Glencore zinc and nickel output down

Mines in Australia and Dominican Republic put on care and maintenance and Canadian operations' reserves depleted during first half of the year.

AngloGold Ashanti to keep cutting costs, jobs

Jeffrey Richmond | August 11, 2014
AngloGold Ashanti to keep cutting costs, jobs

Firm also working to restructure Obuasi mine in Ghana.

Harmony Gold to write down $130 million on mothballed mine expansion

Cecilia Jamasmie | August 8, 2014
Harmony Gold to write down $130 million on mothballed mine expansion

Harmony decided against expanding its Phakisa mine and will write down the value of the asset.

Strong earthquake hits South Africa, no miners trapped

Cecilia Jamasmie | August 5, 2014
Strong earthquake hits South Africa, no miners trapped

The quake is the largest in the southern Africa region since a 7.0 tremor hit Zimbabwe in 2006.

AngloGold expects more assets on the block before year-end

Cecilia Jamasmie | August 1, 2014
AngloGold expects more assets on the block before year-end

Forecast slump in gold prices to drive more mine sales, says the firm.

Mali revokes 130 mining licences

Cecilia Jamasmie | July 31, 2014
Mali revokes 130 mining licences

Decision comes on the heels of a finished inventory of permits, which aimed to clean up the sector.

Coal exporters not backing down despite glut; could China enter the market too?

SNL Energy | July 30, 2014
Coal exporters not backing down feat

No signs of production slowdown in major coal-exporting countries.

Top gold refinery missing 87,000oz

Frik Els | July 29, 2014
Top gold refinery missing 87,000oz

Rand Refinery blames software glitch for discrepancy between actual inventory and accounts. Owners, including Anglogold, provide new loan just to be safe.

China's war on pollution to push palladium higher still

Frik Els | July 29, 2014
China's pollution problem to push palladium higher still

China produces 20 million vehicles a year and has to double the average palladium load to catch up with US emissions standards.

Anglo American platinum names mines to be sold

Cecilia Jamasmie | July 21, 2014
Anglo American platinum names mines to be sold

The mines account for over half of the company's workforce but only a quarter of production.

Key mining houses look online to sell variety of assets

Clear Asset | July 17, 2014
AssetThumb

Exxaro, Harmony, Anglo, Diesel Power and SA Taxi will take a variety of assets to auction during late July. The assets will be sold via a leading online mining auctioneering platform.

Anglo American platinum production down 40% after S. Africa strike

Cecilia Jamasmie | July 17, 2014
Anglo American platinum production down 40% after S. Africa strike

Output from the rest of Anglo's diversified mining assets rose, but it wasn't enough to offset underperformance at its platinum mines.

Amplats expects severely lower profits after five-month strike

Cecilia Jamasmie | July 15, 2014
Amplats expects severely lower profits after five-month strike

The firm warned first-half profit may drop as much as 96%.

Cecilia Jamasmie

BHP sell-off could undo Billiton historic deal

Cecilia Jamasmie | July 13, 2014
BHP sell-off could undo Billiton historic deal

As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.

South African metal workers 'to escalate' strike

Cecilia Jamasmie | July 13, 2014
South African metal workers 'to escalate' strike

The National Union of Metalworkers in South Africa (NUMSA) has rejected the latest offer because it didn't include a double-digit wage increase for all three years.

Africa’s largest iron ore miner hit hard by weak prices

Cecilia Jamasmie | July 11, 2014
Africa’s largest iron ore miner hit hard by weak prices

While final results will be released on July 22, Kumba Iron Ore expects first-half profit to slide by as much as 19%.

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