Chronic underinvestment in platinum mines has exacerbated supply crunch.
South Africa Mining News
They will appeal verdict that paved the way for about half a million current and former miners to proceed with a multi-million-dollar suit, which seeks compensation for those who contracted lung diseases.
Illegal mining in South Africa is on the increase in the face of deteriorating economic situation in that mineral-rich country, according to reliable sources..
The miner is confident in the long term outlook for the diamond industry and it expects is to be cash flow positive in the second half of the current financial year.
Harmony Gold has been looking for new assets to meet its goal of increasing production to 1.5 million ounces over the next three years.
Operational challenges and regulatory uncertainty in the region will keep a lead on its resources sector until at least 2020, says BMI research.
Value of South Africa's mining industry forecast to contract 11.4% in 2016, followed by years of close to zero growth according to new report.
Anglo American Platinum forced to stockpile concentrate and shut down smelter in South Africa responsible for one fifth of its refined platinum output.
South Africa continues to dominate the supply chain for capital equipment to the mining sector of several countries in the immediate neighbourhood of the sub-region, according to available statistics and data.
South Africa is believed to have approximately 6,000 abandoned mines and between 8,000 and 30,000 illegal miners across the country.
Study predicts fifth year of growing deficits and halving of above ground stocks as strikes in top producer South Africa loom.
PGMs down nearly 10% and manganese production down 24%.
The world’s fifth largest gold producer has told a Perth mining forum today that it plans to lift its total output to 1.5 million ounces a year within three years as it combines its increasing output from African and PNG mines.
South African labour union that led a bruising 20-week strike in 2014 declares dispute with top producers over 50% wage hike demands.
‘Troubles in paradise’ forecast for Botswana’s sole gold miner.
South Africa's Public Investment Corporation (PIC), which owns 14.5% of Anglo, believes the mining giant may not realize the full value of its assets.
Shares in the Vancouver-based miner soared Monday as the firm said it would likely hire an investment bank to advise the board on all strategic options.
The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.
The miner said it was is currently assessing the operational and financial situation of its platinum division, which may require "remedial action".
Life Cycle Services
Design of chutes, which are a vital link in any conveyor system, are often an afterthought when designing the main conveyor system.
The potential acquisition fits in the South African gold producer’s plans to expand operations across Africa.
South Africa's state pension fund is pushing Anglo to spin off all its assets in the country, including the miner's coveted platinum mines.
PGM prices plunge after data show country's mines responsible for 70% of global production are humming and local currency revenues are hitting records.
Shares in the Canadian company were up more than 3.6% Thursday morning on the news.