South Africa Mining News

Norilsk Nickel launches legal action against BCL over non-payment for African asset sale

A legal claims against BCL in the Botswanan courts and in the London Court of International Arbitration to recover the USD 271.3 million

South32 looking for more coking coal mines

The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.

Congo gets firmer grip on Ivanhoe’s Kamoa-Kakula copper project

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.

Gold Fields withdraws $1.4bn offer for Kirkland Lake

The Johannesburg-based company, however, said it remained interested in a negotiated transaction.

Here’s what you need to learn about S. Africa’s ruling on employee housing for miners

Recent ruling confirms expenses incurred by mining companies for employee housing can be claimed in terms of mining capital expenditure.

Canada’s Kirkland Lake soars after Gold Fields confirms $1.4bn rejected offer

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).

AngloGold loses 74,000oz during third quarter

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.

Lonmin ups stake in Pandora platinum mine

Consolidation in South African's platinum mining sector continued on Friday with Lonmin's decision to buy Amplats' stake in the Pandora platinum mine.

Harmony logs record quarterly revenue, halves debt

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.

Positive legislative developments afoot for South Africa’s oil and gas industry

Amendments aim at streamlining inter-departmental processes and addressing the discretionary nature of certain ministerial powers.

Platinum price back above $1,000 on South Africa wage deal

Comprehensive wage agreement brings stability to South Africa platinum industry, responsible for more than 70% of world output.

South32 scoops up Peabody's Metropolitan coal mine in $200m deal

The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

Changes to the Kumba Board

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 plots £2bn South African mines spin-off

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.

Rangold looking to the future in Mali

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.

Anglo American soars on positive production report

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.

Gold Fields to spend $1.4 billion prolonging Ghana mine life

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.

Harmony Gold bullish on cash flows as it reports increased output in Q3

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 pulls out of $279 million Norilsk nickel-mine deal

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's mining industry: reassessing its chartered course

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.

Kumba becomes the sole owner of Sishen mine

South Africa has granted the miner, a unit of Anglo American, previously disputed mining rights at the operation, ending a seven-year dispute.

South Africa has failed to protect locals from gold mine pollution: Harvard report

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.

Anglo Platinum sells resources to Northam Platinum for $72 million

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.

Platinum price back in triple digits

Strikers at top South African platinum producer enter two-year wage deal.