TLT-Turbo has concluded the consolidation of several South African based operations.
South Africa Mining News
Investors appear to be ignoring the fact that weak sales figures have been reported for all major auto markets in recent days.
Gold output in South Africa, once the world’s biggest producer of the metal, fell for a 14th straight month in November.
The new strike would begin on Jan. 22 and involve around 12,500 of its members.
The South African consortium distanced itself from allegations that it is linked to the Gupta family, the previous owner of Optimum coal and other two assets.
Since the union downed tools at Sibanye's gold operations in mid-November, four employees have been killed during strike-related violence.
Tiffany has begun tracing each of its individually registered diamonds (0.18 carats and larger) by a unique serial number.
The company's gold output in 2018 will be lower than forecast as almost half of the employees stopped working since mid-November in a wage strike.
Barrick’s Acacia Mining has been hit with a 300-million Tanzanian shillings fine (about $129,144) over allegations of environmental breaches at its North Mara mine.
“Sibanye can’t absorb losses from its gold business for a protracted period"
The price of palladium has more then doubled in the past three years.
Mining costs rose steadily through the 2000s which should have hurt a lot of gold miners. But it didn’t.
AMCU's strike is a protected strike and the AMCU members' constitutional right to strike remains protected.
South Africa's Richards Bay Coal Terminal (RBCT) exported a record 76.47 million tonnes of coal in 2017, and aims to export 77 million tonnes this year.
The all-share deal is likely to lead to more than 10,000 layoffs.
Until now, gold has played second fiddle to the U.S. currency as investors have sought a safe haven in the face of trade war uncertainty now, we see gold’s appeal firming.
Vedanta Zinc will commission OptiMine for trucks, loaders and drills next year, accelerating data-driven operation for world-class mining safety.
MineWare experts have extended the capability of its Pegasys Dragline Monitor to support underwater digging.
The union's Sibanye-Stillwater members remain on strike, disputing the miner's argument the action is now illegal.
Workers downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine - near a third of its workforce.
Potentially putting an end to a strike that has seen almost half of its employees down tools since mid-November.
Eskom, which has implemented power cuts due to coal shortages and poor plant performance, said it wants the government to take on $7 billion of its debts.
Project Halo will buy Optimum Coal Mine (Pty) Ltd, Koornfontein Mines (Pty) Ltd and Optimum Coal Terminal (Pty) according to the term sheet seen by Bloomberg.
Gold production declined 15.1% from a year earlier.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.