South Africa Mining News

South Africa's Transnet signs new manganese deal with South32

A total of 12.5 million tonnes of manganese will be transported every year once Transnet signs contracts with nine local manganese producers.

South Africa black ownership to roll out in May

Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South Africa’s mining sector was to finalize revised plans for black ownership in the industry in the coming weeks.

S.Africa's ARM posts 15% rise in H1 profit on strong manganese business

ARM declared a dividend of 250 cents per share for the first half.

De Beers, Mountain Province go after Kennady Diamonds to expand joint Canadian mine

The partners in Canada's Gahcho Kué mine, Mountain Province, said the planned acquisition opens up some potential new options for the operation’s future.

Ghanaian government wants to mediate between Gold Fields and its workers

The Minister of Lands and Natural Resources announced that he has agreed to sign a Memorandum of Understanding with protesting workers.

Workers at Cajamarquilla zinc smelter in Peru end strike

Workers had downed tools on Monday to demand higher wages and better benefits, according to a union leader.

S.Africa gold miners' silicosis lawsuit settlement expected within six weeks

The suit was launched around six years ago on behalf of miners suffering from silicosis, contracted by inhaling silica dust in gold mines.

Battle to keep Lonmin platinum deal alive hinges on the rand

The strengthening rand, which squeezes profits for both producers, could make the transaction less attractive for Sibanye.

Platinum market forecast to remain in balance in 2018

Global platinum supply is forecast to be 7,815 koz in 2018, a decline of 2% from 2017.

South Africa's mines minister urges speedy resolution on Optimum mine

The Optimum coal mine, which has faced a strike by its workers over unpaid salaries, sought protection from creditors on Feb. 20.

South Africa's AngloGold backs Randgold's negotiations with Congo govt

Mining companies operating in the country vigorously oppose new code to be signed into law.

Resolution seen to impasse over South African mining rules

South Africa's mining industry and the government are moving closer to resolving a dispute over levels of black ownership that’s deterred investment and dragged down growth in the country.

Thirty-three illegal miners arrested at abandoned site in South Africa

According to the Chamber of Mines of South Africa, illegal miners in the country usually belong to organised crime syndicates.

Lundin Gold eyes growth after mine in Ecuador built

“We want to grow to be an at least 1-million-ounce-a-year producer with three to four operations,” said Chief Executive Ron Hochstein at PDAC.

Rand newly gained strength may negatively impact South Africa’s gold miners: BMI

"Our optimistic outlook for the rand will shift our existing positive view on South African gold miners over the coming years," says the market research firm.

Anglo American concludes sale of three coal mines in South Africa

The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.

South Africa's mining charter to be finalized in three months

Uncertainty around the charter has deterred investment into a sector that accounts for 8% of gross domestic product in the world's top platinum producer

Unloved platinum stocks show promise for $45 billion manager

Some platinum stocks are looking attractive again as oversupply that depressed prices for years subsides.

S. Africa’s Mponeng gold mine could hold key to surviving in space

New study uses the conditions inside of the mine to better understand how life might survive on Jupiter’s moon Europa, which is considered a prime candidate for the search of extraterrestrial activity.

For coal miners, it's time to exit or get rich: Russell

If there is a trend at play here, it’s that diversified miners are the ones most likely to exit coal.

Sibanye says clears most illegal miners from gold shafts

Illegal gold mining has plagued South Africa for decades and it costs the government and the industry more than 20 billion rand ($1.7 billion) a year.

South Africa's NUM union says 1,722 jobs to go at Evander Gold Mine

Deteriorating and inadequate infrastructure at the mine, high operating costs, such as rising electricity, labour costs, and a low gold price.

Eight Gupta firms seek insolvency protection in South Africa

The Gupta brothers were accused of using their political connections to win state contracts and influence cabinet appointments

Deal wizard of South African gold mining is scaring investors

Investors might be running out of patience with Sibanye Gold Ltd.’s colorful chief executive, Neal Froneman.

Sibanye-Stillwater turns off dividend tap after annual loss

In lieu of the cash dividend, it will undertake a "capitalisation issue" that will see four ordinary shares given to shareholders for every 100 they hold.