November 9, 2012

Lonmin to make $800 million share offer at 45% discount to TERP

Inside sources claim platinum miner Lonmin (LON:LMI) will price an upcoming share offer at a 45% discount to the theoretical ex-rights price (TERP) on Friday, in the hope of raising…

November 9, 2012

South African report highlights Chinese labor abuses in the Sub-Sahara

A new report by Johannesburg-based South Africa Resource Watch (SARW) claims that China is exploiting cheap labor in the sub-Saharan nation and subjecting employees in the mining industry to harsh…

November 8, 2012

Norilsk Nickel’s board approves share cancellation

The board of directors of Norilsk Nickel has approved the cancellation of 9.96% of its shares held by the subsidiary NN Investment, top officials of Interros and UC RUSAL told…

November 8, 2012

S. African strikes drop annual mining production 8.3%

In what it shouldn’t come as a surprise for anybody who has been following the news in the last three month, South Africa reported Thursday its mining output dropped 8.3%…

November 7, 2012

Kamchatka region to increase gold production by 10% in 2012

Gold production in Russia's Kamchatka region will increase by 10% YoY to 3.1 metric tons (mt) (99,700 ounces) in 2012, the local authorities said.

November 7, 2012

SA mineral resources minister warns mining firms against retrenching workers

South African Mineral Resources Minister Susan Shabangu today warned mining companies against taking "unilateral action" and retrenching workers due to the costs of recent wage hikes for mining employees.

November 7, 2012

South African police accused of planting weapons on corpses of Marikana miners

Members of South African law enforcement are alleged to have planted weapons on the corpses of Marikana miners killed during the deadliest police clashes since the end of Apartheid.

November 6, 2012

NUM says Amplats workers remain defiant

National Union of Mineworkers (NUM) spokesman Lesiba Seshoka said today that the 12,000 dismissed striking Anglo Platinum (Amplats) workers have still not accepted the company's reinstatement offer and are continuing…

November 6, 2012

Russian government allows foreign investors to develop strategic gold and precious metals minefields

The Russian government is considering allowing foreign investors to develop strategic gold and precious metals minefields, through the adoption of amendments on the currently existing federal law “On Subsoils”, which…

November 6, 2012

Aquarius Platinum gets lift from takeover talk

Aquarius also appointed a new CEO this week.