South Africa Mining News

World seaborne coal trade rose 1.5 pct in 2017 – German importers

This rise happened due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity.

Amplats reaches deal with South African tribal leader in community fund row

Move aims to curb unrest around Anglo American's most profitable platinum mine — Mogalakwena.

Peru’s environmental deregulation to spur more mining-related protests: analysts

The approval of the supreme decree 042-2017 in December might generate more unrest.

Oil-rich Venezuela is out of gas

"In Venezuela, we are out of gas. In Venezuela, there is no gas oil. In Venezuela, there are no lube oils."

Workers end wildcat strike at Pan African's main South Africa gold mine

Workers at Pan African Resource's Barberton gold mine in South Africa have ended a wildcat strike that started on Sunday, an industry source said on Friday.

Workers down tools at Pan African's main South Africa gold mine

About 1,800 workers at Barberton mine downed tools in the strike, which was also called to protest the dismissal of two of its union leaders.

Value of top 50 mining companies surge $140 billion in 2017

More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.

Mining wins as Chile and South Africa back pro-business leaders

The political shifts are good news for the likes of BHP Billiton Ltd., Rio Tinto Group, Glencore Plc and Anglo American Plc.

ArcelorMittal South Africa paying first fine instalment in parts

ArcelorMittal South Africa, which has agreed to pay a 1.5 billion rand ($116.85 million) fine for colluding to fix steel prices in five instalments.

The rise and fall of a mining company that tried to buy Harrods

From Cecil Rhodes’s legacy in southern Africa to takeover battles gripping the British public and a massacre at one of its mines, the 106-year-old epic that’s Lonmin risks entering its final act.

Mining's Mr. Fix-It brings extinction of 100-Year-Old Lonmin

After years of near-death experiences, the story of Lonmin Plc is finally over.

Canadian diamond producer dealing with water issues in South Africa

"The lower number of carats tendered and sold is attributable to a reduction in the volume of material being processed," the company revealed.

South Africa's Sibanye-Stillwater to be No. 2 platinum miner with Lonmin buy

Sibanye said it would cut a third of Lonmin's employees and deliver savings of about $112 million a year by 2021.

Mine fatalities in South Africa rise first time in decade

There were 81 fatalities from January through November, according to data from the Chamber of Mines. Thursday, a death at Tshepong Mine brought total to 82.

Harmony Gold says Moab Khotsong mine purchase to boost cash flows

The $300 million deal, which incorporates the Great Noligwa underground mine and related infrastructure, is expected to boost Harmony's operational cash flow by 60%.

AngloGold gets going on $36 million expansion of Western Australia mine

Strategy adds 2.1 million ounces to Tropicana's business plan and extends the mine life by seven years to 2027.

De Beers reshuffles executive committee

Chief executive Bruce Cleaver said the changes were necessary to sustain De Beers' success as a business.

South Africa's Tharisa sets out 2020 growth vision

Miner announced record output of chrome and platinum group metals, also said it was seeking to diversify into EV materials.

Petra Diamonds sees brighter 2018 after warning of debt breach

Despite possible breach of banking agreements, company execs believe finances will improve following lift of Tanzanian export ban.

De Beers puts South Africa’s Voorspoed mine up for sale

Company says move paves the way for a lower-cost operator to take the diamond mine beyond 2020, when it is scheduled to close.

South32 to spin off South Africa coal business

Process could lead to a listing of the business on the Johannesburg stock exchange, it said.

South Africa's NUM union signs three-year wage deal in coal sector

Deal averts a sector-wide strike that could have impacted power supply.

South African gold miners' silicosis lawsuit nearing settlement

Lawyers acting for thousands of gold miners who contracted lung diseases at work in SA mines say an out-of-court settlement could be reached by December.

Sibanye-Stillwater soars on surprise $93 million-move on DRDGold

The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD.

South Africa's parliament delays passing key mining law

Lawmakers will miss a December target to pass changes to mineral resource laws, seen as key for greater investor certainty.