South Africa Mining News

Output at South Africa's Amplats hit by Eskom power cuts

Power cuts implemented by Eskom, which supplies more than 90 percent of electricity in Africa's most advanced economy, pose a threat to miners.

Africa's Sibanye-Stillwater lowers valuation for miner Lonmin

Sibanye-Stillwater has revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about $77m less than originally proposed.

South African government says it intends to de-register AMCU union

AMCU, one of the largest trade unions in South Africa's mining sector, has thousands of members at gold and platinum mines.

JPMorgan ends a three-year bullish call on Anglo American shares

After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.

Anglo steps up defense to repel Agarwal's interest: Telegraph

Anglo American’s defense advisers are said to plan attacks on the quality of Vedanta’s portfolio compared to Anglo’s assets.

Petra Diamonds on a roll after another major find at Cullinan

The find is the third Type II D-colour gem-quality diamond weighing more than 100 carats recovered since March and the fourth such rock discovered in the current financial year.

Five-month strike at Sibanye-Stillwater mines ends with deal

The company, South Africa's largest gold producer, has run up losses of about 1.6 billion rand ($114 million) and about 110,000 ounces of missed gold output because of the labour action.

Anti-mining activists in South Africa face harassment, death — report

Opponents to mining projects in South Africa are often harassed, threatened and sometimes even killed, according to a report by a group of human rights advocates including Human Rights Watch.

Platinum edges out of doldrums at last as labor threat looms

After months of being ignored in favor of market darling palladium, platinum is finally getting some attention from investors.

Sibanye raises more cash with $125m Citi prepayment

This is the second major step by the company this week to build up cash as it faces a drawn-out labor dispute.

South African gold output has longest losing streak since 2009

Gold output fell 21 percent from a year earlier compared with a revised 23 percent drop in January.

Don't bet on platinum miners boosting supply on price surge

Prices for platinum, palladium and rhodium have all gained in recent months, boosting earnings for miners in top supplier South Africa.

South Africa's carbon tax could cost Amplats $21m a year from 2021 – CEO

South Africa’s parliament approved a long-delayed carbon tax bill in February as part of plans to reduce harmful emissions in the country.

Botswana Diamonds finishes drilling at Thorny River project

Next step is obtaining necessary regulatory approvals to start bulk sampling at the South African project, which is expected during the second quarter of the year.

Iron ore prices shift structurally higher on Vale woes

Iron ore prices in China reached a record high on Tuesday as market participants wrestled two dilemmas, namely the weather-related disruptions from Australia and the safety outages in Brazil.

AngloGold to comply with South Africa mining rights directive

The world’s No. 3. gold producer may have contravened black economic empowerment rules tied to its mining rights when it awarded a 4.5 percent stake to employees instead of 6 percent.

Petra Diamonds shares jump on 425-carat discovery at Cullinan

The discovery comes less than a month after Petra found a 100.83 carat gem-quality diamond at the same mine.

South African mining charter challenge dents Ramaphosa plans

South African mining companies are challenging parts of a government charter aimed at redistributing the country’s mineral wealth, saying it will deter new investment in the industry.

Bell tolls for gold mine that once powered South African economy

Sibanye Gold Ltd. has decided that it won’t extend the life of Driefontein, once the biggest mine on the continent.

African mining firms seek charter changes over past black ownership deals

Companies have requested a judicial review of South Africa's 2018 mining charter to change clauses related to transactions made in the past to increase black ownership.

South Africa's Sibanye-Stillwater will consider changing primary listing

The precious metals producer is looking into opportunities in gold and the battery metals sectors.

Flaws in South Africa's mining royalties system brought to spotlight

The key risks identified include lack of adequate community engagement and mining companies entering revenue-sharing agreements with select members of the community.

Lonmin warns on cash woes, urges shareholders to back Sibanye takeover

Lonmin Plc has been cutting spending to conserve cash and retain a positive balance sheet required by conditions of South Africa-based Sibanye's offer.

South African court rules extension of wage agreement to AMCU valid and lawful

South Africa's labour court has ruled that the extension of a wage agreement to cover all gold unions and non-unionised employees of Sibanye-Stillwater is valid and lawful.

Petra Diamonds keeps founder Pouroulis as chairman

The diamond miner said the appointment of a new chair was "not appropriate" at this time.