South Africa

Coal of Africa extends date on Mooiplaats sale

Cecilia Jamasmie | December 17, 2014
Coal of Africa extends date on Mooiplaats sale

The transaction is now expected to be completed in the first quarter of 2015.

Anglo American Platinum offered $385 million for stake in Bokoni mine

Cecilia Jamasmie | December 17, 2014
Anglo American Platinum offered $385 million for stake in Bokoni mine

The potential buyer — community-owned firm Baroka Tribal Mining— will also acquire Amplats' 22.5% percent indirect stake in its joint venture partner, Atlatsa Resources.

Newcrest, Harmony set to build one of the world's lowest-cost gold mines

Cecilia Jamasmie | December 15, 2014
Newcrest, Harmony set build one of the world's lowest-cost gold mines

The revised plan for their jointly-owned Wafi-Golpu in PNG will require an initial capital spending cost of $2.3 billion.

South Africa may sell iron ore, BHP stakes worth $3bn

Frik Els | December 13, 2014
South Africa may sell iron ore and BHP shares worth $3bn

The country needs funds to keep the lights on, but buyers may be hard to come by.

Glencore’s Glasenberg slams top iron ore producers once again

Cecilia Jamasmie | December 10, 2014
Glencore’s Glasenberg slams top iron producers once again

In his first investor day since buying Xstrata last year, Glencore’s boss highlighted his company’s spread of commodities and took aim at the expansion strategies of Rio Tinto and BHP Billiton.

SA’s biggest gold producers battle against loan sharks

Bloomberg | December 7, 2014

South Africa’s gold mining companies have started a fightback against money lenders who they say are preying on employees and damaging labor relations.

South Africa's Bell Equipment to restructure and shed jobs

Reuters | December 3, 2014

South African earthmover manufacturer Bell Equipment announced plans on Wednesday to restructure and shed jobs, as mining industry customers delay spending in the face of falling commodity prices.

Harmony Gold cutting jobs at S. African mine to turn around operation

Cecilia Jamasmie | December 2, 2014
Harmony Gold cutting jobs at S. African mine to turn around operation

The company has begun a 60-day consultation with unions at Kusasalethu mine, its largest operation.

Meet South Africa’s 'gold slaves'

Equal Times | December 2, 2014
Over 200 miners trapped underground in illegal South African mine

Illegal gold excavation and scrapping, worth about six billion rands per year (about US$550 million), is today the lifeblood of Johannesburg’s informal economy.

Mining equipment suppliers need to improve local support in Africa

Suppliers and Equipment Editor | December 1, 2014
Driverless Trucks

Suppliers to the African mining industry need to improve their on-site support and product delivery capabilities, finds new survey by Timetric’s Mining Intelligence Center.

New low in oil prices drags BHP Billiton stock below 2009 levels

Cecilia Jamasmie | December 1, 2014
New low in oil prices drags BHP Billiton stock below 2009 levels

The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.

Rio Tinto cuts spending, defers capex, keeps dividend

Cecilia Jamasmie | November 28, 2014
Rio Tinto cuts spending, defers capex, keeps dividend

The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.

Price fixing lawsuits come to platinum, palladium market

Frik Els | November 26, 2014
Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Goldman, BASF, HSBC and Standard Bank accused of front-running and spoof orders while in charge of the London PGM Fix since 1989.

Police and protestors clash at Ivanhoe mine in South Africa

Cecilia Jamasmie | November 26, 2014
Police and protestors clash at Ivanhoe mine in South Africa

Locals were protesting the imminent construction of Platreef platinum mine.

Ivanhoe jumps on exploration results at African mine

Cecilia Jamasmie | November 24, 2014
Ivanhoe jumps on exploration results at African mine

The miner has hit exceptionally high-grade silver, zinc and copper at its Kipushi mine in the DRC.

BHP warns more cost cuts, management shake up before demerger

Cecilia Jamasmie | November 24, 2014
BHP warns more cost cuts, management shake up before demerger

The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.

Gold Fields Q3 drops, CEO says most gold miners ‘under water’

Cecilia Jamasmie | November 20, 2014
Gold Fields Q3 drops, CEO says most gold miners ‘under water’

The miner, structured to "break even" at $1,050 per ounce, warned it would have to re-think the business if bullion prices dip below $1,000 and stayed there for a while.

Travis McPherson - CEO.ca

Resource titan, Robert Friedland on the future of Platreef

Travis McPherson - CEO.ca | November 19, 2014
Mining truck and loader

After the Toronto Stock Exchange rang the closing bell today, Ivanhoe Mines (IVN.TSX) announced they were resuming development work on Platreef, their 75.7 million ounce (Indicated + Inferred) platinum-gold-nickel-copper project in South Africa.

South African miners to tackle lung disease claims

Cecilia Jamasmie | November 18, 2014
South African miners to tackle lung disease claims

They will look at compensation and medical care for workers with occupational lung disease or "silicosis."

Blood diamonds still at Central African mining sector’s heart

Cecilia Jamasmie | November 18, 2014
Blood diamonds still at Central Africa mining sector’s heart

A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.

South Africa mine-killing probe draws to close after 2 years

Bloomberg | November 16, 2014

More than two years after 34 protesters were killed in the deadliest police action in South Africa since the end of apartheid, the state is completing its investigation.

S. African mining shows decline in financial performance

CNBC Africa | November 12, 2014

The country's mining industry sees a decline in financial performance in the wake of continued labour unrest and cost pressures.

With the ongoing global skills shortage within mining is it time to get the job seeker's perspective?

Worldwide Recruitment Solutions | November 12, 2014
local workers

A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.

Eastern Platinum disposes of platinum assets

African Review | November 10, 2014

Eastern Platinum Limited has reached an agreement with Hebei Zhongbo Platinum Company Limited for the disposal of its platinum group metal operations in South Africa.

BHP closer to unveiling details of upcoming spin-off

Cecilia Jamasmie | November 9, 2014
BHP closer to unveiling details of upcoming spin-off

The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.

Ivanhoe OK to build one of world’s biggest platinum mines

Cecilia Jamasmie | November 5, 2014
Ivanhoe ok to begin building one of world’s biggest platinum mines

South Africa’s Department of Mineral Resources has finally approved the miner's Platreef platinum project.

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