South Africa Mining News

Acacia’s Buzwagi mine in Tanzania to produce just gold bars until it shuts

Gold bars are not impacted by the export ban on gold and copper concentrate imposed by the Tanzanian government in March.

South Africa's Gold Fields says KPMG still external auditors

KPMG cleared out its South African leadership last Friday after it found that work it did for firms owned by the Gupta family, businessmen friends of President Jacob Zuma, "fell considerably short" of its standards.

South African workers union to strike at Petra Diamonds' Koffiefontein mine

The National Union of Mineworkers said on Thursday its members would go on an indefinite strike at the mine over wages, benefits.

Indian billionaire Agarwal to be Anglo American’s top shareholder

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

Tanzania orders wall built around tanzanite mines, purchases of stones

President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.

A day for the zama zamas: Illegal gold mining in South Africa

Zama zamas earn a pittance for work that puts their lives at risk on a daily basis

South Africa labour disputes drag Petra Diamonds shares down

Shares in the diamond miner fell for a second consecutive day after it warned that two of its South african mines had been affected by strikes.

About 2,500 jobs on the line at Impala Platinum’s Rustenburg operations

The miner warned further reductions could be in store at those operations, which employ 31,000 people.

Petra Diamonds may breach debt covenants on troubles in Tanzania

The Africa-focused diamond miner said that would likely happen unless it solves its issues with the government of Tanzania.

AngloGold a step closer to selling loss-making Kopanang mine in S. Africa

The decision to offload the asset is part of a restructuring process that includes laying off about 8,500 workers, roughly 30% of the company’s workforce.

S.African miner Lonmin says licence not at risk after ministry warning

The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it did not think its operating licence was in jeopardy.

S.Africa mining minister will not say contested charter is law – Chamber of Mines

Mines minister Mosebenzi Zwane had pledged in writing to a court that he would not publicly say changes to an industry charter were "law" until a judicial challenge has been completed.

South Africa's NUMSA union demands 15 percent wage hike in coal sector

The National Union of Metalworkers of South Africa (NUMSA) has demanded Glencore raise coal mining wages by 15 percent.

Petra Diamonds shares crater after Tanzania seizes $15 million shipment

The diamond miner also had to halt operations at its Williamson mine as several key employees are being questioned by local authorities.

South Africa's chamber of mines says sector "in crisis"

South Africa holds the world's biggest reserves of platinum, chrome and manganese, but investment in the sector has dropped in each of the past two years as a result of increasing legal uncertainty and labour disputes.

South Africa's manufacturing, mining output disappoint as economy limps

Official figures released on Thursday signall a bad start for the second half of the year with business confidence at its lowest in more than three decades.

Tanzania kicks off probe into Petra Diamonds contract, orders officials to resign

President John Magufuli has asked for a review of a local contract belonging to Petra Diamonds and ordered senior officials to resign over the outcome of a probe into the diamond and tanzanite sector.

Platinum price pressured as market moves into oversupply

A rise in refined supply (despite a 9% dip in mine-level output) and a drop in automotive and industrial demand erases Q1's 305,000-ounce deficit.

Canada’s Trevali among world’s top zinc producers with Glencore mines buy

Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.

Bodies of last missing miners recovered from Harmony mine in South Africa

Death toll has risen to five after a tremor rocked the firm's Kusasalethu mine last week.

Zambia's CEC to restore full power to Glencore's Mopani Copper Mines

Zambian electricity utility Copperbelt Energy Corporation (CEC) and Glencore's Mopani Copper Mines have reached an agreement to restore full power supply to the mine from Wednesday, the president's office said on Wednesday.

Sibanye halts divvy for first time as it swings to loss

The miner, South Africa’s largest gold producer, said that in the absence of a dividend, it’ll give investors two new shares for every 100 held.

Third trapped miner dies at Harmony Gold South Africa mine

Two more remain missing after they were trapped underground following an earth tremor last week.

Tremor kills 2 at Harmony Gold mine

Two miners have been killed in an underground mine collapse in South Africa caused by an earth tremor.

Five miners trapped after earth tremor at S.Africa's Harmony gold mine

Rescue teams have been working to find the workers since the incident occurred at about 10.30 a.m. local time at its Kusasalethu mine near Cartonville, west of commercial hub Johannesburg.