South Africa

AngloGold a step closer to selling U.S. mine

Cecilia Jamasmie | April 13, 2015
AngloGold a step closer to sell U.S. mine

Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.

Workers strike at Anglo’s coal mine in South Africa

Cecilia Jamasmie | April 8, 2015
Workers strike at Anglo’s coal mine in South Africa

More than 400 members of the National Union of Mineworkers (NUM) downed tools Wednesday, demanding the removal of the mine's general manager.

Harmony halts operations at Unisel mine after fatal incident

Cecilia Jamasmie | April 7, 2015
Harmony halts operations at Unisel mine after fatal incident

The employee was fatally injured in an accident while performing maintenance work on Saturday.

South Africa's Sasol coal miners seek damages over lung disease

Bloomberg | April 3, 2015

Coal miners in South Africa who worked at a unit of Sasol and contracted lung diseases filed a suit seeking damages from the company, according to their lawyer.

Deutsche Bank slashes South32 valuation

Frik Els | April 1, 2015
BHP warns more cost cuts, management shake up before demerger

BHP Billiton spin-off worth just $7 billion when based on current spot prices for commodities.

South Africa wants to settle mines’ black ownership in court

Cecilia Jamasmie | March 31, 2015
South Africa wants to settle mines’ black ownership in court

The main point of contention is the fact that mining companies believe that once they reached a 26% black ownership, they effectively complied, no matter where the percentage is at now.

S.Africa Marikana mining massacre report submitted

AFP | March 31, 2015

President Jacob Zuma received on Tuesday the official report into the police killing of 34 South African miners in 2012, as rights groups demanded that its findings be quickly made public.

Zijin Mining buys 10% of Canada's Ivanhoe Mines

Cecilia Jamasmie | March 23, 2015
Zijin Mining buys 10% of Canada's Ivanhoe Mines

Zijn's main interest in Ivanhoe seems to be the Kamoa copper project.

South Africa woes cast doubt on BHP spin-off success

Cecilia Jamasmie | March 23, 2015
South Africa woes cast doubt on BHP spin-off South32 success

There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.

South Africa sets aside billions to revitalize mining towns

AllAfrica.com | March 18, 2015

The Gauteng government will spend R240-million to develop economically depressed former mining towns in the province.

BHP's South32 spinoff to cost $738m

Frik Els | March 16, 2015
BHP spinoff could be worth $12 billion

Board proposes to give shareholders one share in the $12bn spin-off company for every BHP share owned, but the whole process comes with hefty fees.

This ‘perfect’ diamond could fetch up to $25 million in NYC next month

Cecilia Jamasmie | March 16, 2015
This ‘perfect’ diamond could fetch up to $25 million in NYC next month

The gem, discovered a decade ago at one of De Beers mines in South Africa, is one of just five diamonds over 100 carats and of comparable quality to have been offered at an auction.

The stunning collapse of gold production in South Africa

Michael Allan McCrae | March 12, 2015
declining gold production south africa

A much reduced role on the global gold mining stage.

Eskom to buy $3.7B rand annually worth of exportable coal

Andrew Topf | March 8, 2015
Russia opens its largest coal mine

South Africa's Eskom has coal market observers scratching their heads after the public utility announced plans to purchase expensive, export-quality coal from Glencore's (LON:GLEN) Optimum Coal.

De Beers diamond project adds sparkle to mining

Business Report | March 3, 2015

Last week, the firm announced operating profits had increased 36% to $1.4 billion.

South Africa drops out of top 10 in Africa for mining investment

Frik Els | February 24, 2015
South Africa drops out of top 10 in Africa for mining investment

Namibia and Botswana top the latest mining investment attractiveness index for the continent and move into top 25 worldwide.

This BHP slide will bring tears to iron ore price bulls eyes

Frik Els | February 24, 2015
This BHP slide will bring tears to iron ore price bulls eyes

Weak iron ore prices have become the accepted industry norm, but the world's top miner also has bad news for those hoping for a pick-up in the long term.

All workers rescued at Harmony's mine, but profit to take a hit

Cecilia Jamasmie | February 23, 2015
All workers rescued at Harmony's mine, but profit to take a hit

The mine, Harmony's single largest gold producer, will likely remain closed for an indefinite period while a probe is held.

Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Cecilia Jamasmie | February 22, 2015
Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.

About 100 miners trapped underground, 400 rescued at Harmony Gold’s mine

Cecilia Jamasmie | February 22, 2015
About 100 miners trapped underground, 400 rescued at Harmony Gold’s mine

Specially trained rescue teams continue their efforts to save the remaining employees, said the company.

Here's one hedge fund not bailing on gold

Frik Els | February 18, 2015
John Paulson bets on housing recovery, not gold

Paulson & Co has kept $1 billion-plus holding in SPDR Gold Trust, the world's largest, steady going all the way back to the second quarter of 2013.

Canada’s gold mines are shooting the lights out

Vladimir Basov | February 13, 2015
How top gold producers margins are being squeezed

Output at Canadian gold mines surged 29% last year, surpassing South Africa for the first time in history. US production dives more than 8%.

Rolling blackouts (again) threaten South African mine output

Andrew Topf | February 8, 2015
electricity_wikipedia

Problems with South Africa's main electricity provider, Eskom, are crimping the plans of major mining companies that depend on regular power provision to run their operations, an energy users group has warned.

Amplats Q4 production drops by 17 pct after strike

Reuters | January 28, 2015

Anglo American Platinum's production fell by 17% in the fourth quarter compared with a year ago due to a strike at its South African operation.

Anglo American set for commodity slump-triggered charge

Cecilia Jamasmie | January 28, 2015
Anglo American set for commodity slump-triggered charge

The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.

Glencore mulls shutting down South African coal mines, lay offs

Cecilia Jamasmie | January 28, 2015
Glencore mulls shutting down South African coal mines, lay offs

The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.

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