South Africa Mining News

Platinum market could face shortage: PwC 

Chronic underinvestment in platinum mines has exacerbated supply crunch.

South African gold miners can appeal silicosis ruling

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.

South Africa reels under illegal mining

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..

Petra Diamond sees shiny 2017 for the global industry

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 buys out Newcrest stake in Hidden Valley gold mine

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.

Here is why the mining sector in sub-Saharan Africa is not ready to shine

Operational challenges and regulatory uncertainty in the region will keep a lead on its resources sector until at least 2020, says BMI research.

Despite problems SA still represents half sub-Sahara mining

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.

Platinum price boost as top producer shuts down smelter

Anglo American Platinum forced to stockpile concentrate and shut down smelter in South Africa responsible for one fifth of its refined platinum output.

Commentary on South Africa's mining equipment supply chain

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.

Six workers safely rescued from South African abandoned gold mine

South Africa is believed to have approximately 6,000 abandoned mines and between 8,000 and 30,000 illegal miners across the country.

Stars aligning for platinum price

Study predicts fifth year of growing deficits and halving of above ground stocks as strikes in top producer South Africa loom.

South African mining output falls sharply

PGMs down nearly 10% and manganese production down 24%.

Harmony eyes lift in total gold output to 1.5moz pa and to add wider African gold acquisitions

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.

Platinum, palladium prices pop as pay talks peter out

South African labour union that led a bruising 20-week strike in 2014 declares dispute with top producers over 50% wage hike demands.

Analyst downplays Galane Gold’s June profits, company responds

‘Troubles in paradise’ forecast for Botswana’s sole gold miner.

Anglo's top shareholder to call vote on assets sale plan

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.

Canada's Ivanhoe Mines to hire strategic adviser after unsolicited interest

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.

South32 posts $1.6bn loss but pays maiden dividend

The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.

Sibanye logs steep rise in half-year profit, mulls platinum mines future

The miner said it was is currently assessing the operational and financial situation of its platinum division, which may require "remedial action".

How Metso shifted its service offerings to customer outcomes

Life Cycle Services

Conveyor Manufacturers Association collaborates in chute design and modelling course

Design of chutes, which are a vital link in any conveyor system, are often an afterthought when designing the main conveyor system.

Harmony Gold swings back to profit, will consider Barrick's Acacia stake

The potential acquisition fits in the South African gold producer’s plans to expand operations across Africa.

Anglo's top shareholder could reduce it to diamond-only miner

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.

South Africa output topples platinum, palladium prices

PGM prices plunge after data show country's mines responsible for 70% of global production are humming and local currency revenues are hitting records.

Ivanhoe Mines’ DRC project likely Africa's top copper discovery shows fresh drilling results

Shares in the Canadian company were up more than 3.6% Thursday morning on the news.