South Africa Mining News

Anglo shareholders revolt against Cutifani’s $4.9 million pay

Full voting results will be released on Friday.

Sibanye to invest $250 million in its gold mines, keeps shopping for new assets

Sibanye is not exclusively looking at buying gold assets; it is also considering platinum, coal, uranium and base metals mines.

Five illegal miners die in blasting accident at South African gold mine

Five people have died in a blast during illegal mining activities at the Klipwal Mine in KwaZulu-Natal, the mining company announced on Sunday.

Glencore’s Optimum coal now in hands of S. African’s President family

Tegeta Exploration & Resources Ltd., controlled by the Gupta family and South African President Jacob Zuma’s son, is the new owner of optimum coal.

NYU graduates seeking $11bn of gold in closed S. African mine

The 77-year-old mine contains gold resource of 9 million ounces.

Striking coal workers arrested after violent raid at Glencore's South African mine

Production at the Wonderfontein coal mine has been halted for three weeks after members of AMCU decided to down tools in March.

Ghana grants Gold Fields tax rate cut as firm mulls Damang mine faith

The firm has not yet decided whether to inject more cash into Damang or suspend operations.

Aussie mining CEO accused of inciting violence as cops probe activist's murder

The Bench Marks Foundation has accused the CEO of Mineral Resources Commodities (MRC) of inciting violence in an area where an anti-mining activist was murdered last week.

Petra Diamonds just sold this ‘exceptional pink’ gem for $15m

The 32.33-carats diamond was recovered in November from the firm’s Williamson mine in Tanzania.

Top 5 iron ore firms value shoots up $62bn in just five weeks

Riding a rocketing iron ore price, market cap of Vale, Rio Tinto, BHP Billiton, Fortescue Metals and Anglo American gain a combined 54% since early February.

South32 looking for assets despite $1.75bn loss, massive layoffs

Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.

Petra Diamonds swings to loss as sales, prices dropped

The company remains upbeat and expects a better performance in the second half, driven by a recovery in diamond prices.

AngloGold Ashanti digs itself out of debt

The world’s third-largest gold producer returned to profit in the fourth quarter, did not manage to avert posting a net loss for 2015.

South32 in talks with Anglo American to buy manganese unit

The spin-out from BHP Billiton says it is willing to take on the manganese ore venture if the price is right.

Fitch junks Anglo overhaul on South Africa fears

Ratings agency worries about exposure of much-diminished mining company to Africa; after restructure responsible for 54% of earnings.

These are the assets Anglo American is kicking to the curb

The miner is completely exiting coal and selling several assets, to focus only on copper, diamonds and platinum.

Hope fades for three gold miners trapped underground in South Africa

The three workers were trapped on Friday morning, when the lamp room where they were on duty collapsed into an 80-metre hole.

Three missing after South African gold mine collapses, trapping 87

Trapped miners were brought to the surface through ventilation shafts.

South Africa’s opposition claims Glencore ‘forced’ to sell coal mine

The country's biggest opposition party said the mines minister and state power utility made Glencore sell its Optimum coal operation.

Anglo American risks eviction from FTSE 100

FTSE 100 reweighting to take place in March.

Sibanye Gold shopping for new mines, possibly including base metals

The gold miner is expanding its portfolio to platinum, coal and uranium, as it also mulls an incursion in the base metals sector.

Anglo American may fully exit Brazil — report

The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.

Anglo American shares rally on iron ore output hike, cost-cutting measures

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.

Anglo American and Lonmin heap pain on South African mining with 9,000 job cuts

Embattled miners have cut jobs in the face of plunging commodity prices, putting pressure on the South African government

Russia’s Alrosa quarterly sales up 45%

Rough diamonds sales rose to 7.1 million carats in October through December. This compares with 4.9 million carats of sales in the third quarter.