A legal claims against BCL in the Botswanan courts and in the London Court of International Arbitration to recover the USD 271.3 million
South Africa Mining News
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.
The Johannesburg-based company, however, said it remained interested in a negotiated transaction.
Recent ruling confirms expenses incurred by mining companies for employee housing can be claimed in terms of mining capital expenditure.
Offer came on the heels of Kirkland Lake's move to buy fellow bullion miner Newmarket Gold (TSX:NMI) in an all-stock deal worth about Cdn$1 billion ($764 million).
Safety related stoppages in South Africa take part of the blame for year-on-year fall in production at world's third largest gold miner.
Consolidation in South African's platinum mining sector continued on Friday with Lonmin's decision to buy Amplats' stake in the Pandora platinum mine.
The world's fifth largest gold miner increased production, had stronger cash flows and paid shareholders a dividend in the first quarter of its 2017 financial year.
Amendments aim at streamlining inter-departmental processes and addressing the discretionary nature of certain ministerial powers.
Comprehensive wage agreement brings stability to South Africa platinum industry, responsible for more than 70% of world output.
The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.
Kumba is pleased to announce the appointments of Ms Nonkululeko Dlamini (nee Veleti) and Mr Seamus French as non-executive directors to the Board, with effect from 1 November 2016.
Anglo American is sounding out investors about a multi-billion pound spin-off of its South African operations in an attempt to pacifiy growing pressure from its biggest shareholder to consider a radical break-up.
In the current climate of global economic and political stress, it is more important than ever for African governments to engage with their investors in a spirit of genuine partnership, Randgold Resources chief executive Mark Bristow said here today.
Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.
The investment will extend the life of the mine by eight years to 2024, in which the firm expects to produce 1.56 million ounces of gold there.
After losing money for three years to 2015, Harmony is now focused on finding mines able to offset falling production at its South African operations.
Botswana withdrew its decision to buy a 50 percent stake in South Africa’s Nkomati mine from GMK Norilsk Nickel PJSC because it can’t afford the price tag of just under 3 billion pula ($279 million).
South Africa has a unique history in mining, and is a nation partly built on the exploration and development of its resources. Unfortunately, through social, political and economic consequences and challenges, the industry has also been hit by strikes and conflict.
South Africa has granted the miner, a unit of Anglo American, previously disputed mining rights at the operation, ending a seven-year dispute.
Independent investigation says the country has not complied with international laws, reacting too slowly and doing too little about the polluting effects of 130 years of gold mining near Johannesburg.
The company remains confident the sale of its Rustenburg mines in South Africa to Sibanye Gold will clear its last regulatory hurdle before the end of the year.
Strikers at top South African platinum producer enter two-year wage deal.