MINING.COM

South Africa’s Sibanye Gold flags H1 earnings per share loss

South Africa's Sibanye Gold flagged up a first-half earnings per share loss on Thursday, citing provisions worth 1.1 billion rand ($84 million) for a possible settlement with miners who contracted lung diseases at work.

Reuters | August 17, 2017 | 9:54 am

Argentina confirms charges for Barrick employees over 2015 cyanide spill at Veladero

Court of appeals says charges of “pollution, negligence and malpractice" still in place for 8 of 9 people.

Cecilia Jamasmie | August 17, 2017 | 9:26 am

Onerous procurement requirements of S. Africa’s 2017 Mining Charter to hit suppliers

While suppliers are not required to comply with the 2017 Charter, the procurement targets for Holders indirectly require them to meet such targets to remain competitive.

Baker McKenzie Johannesburg | August 17, 2017 | 8:22 am

Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls

The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.

Cecilia Jamasmie | August 17, 2017 | 4:56 am

BHP commits $2.5bn to extend life of Spence copper mine in Chile

Project will extend the life of its Spence copper mine in Chile by over 50 years, at a time when copper prices have reach their highest levels since late 2014.

Cecilia Jamasmie | August 17, 2017 | 2:55 am

Congo reinstates miners’ VAT exemption on imports in U-turn

The government owes mining companies about $700 million in VAT reimbursements from before last year's suspension.

Reuters | August 16, 2017 | 2:03 pm

Copper price surges to 32-month high as hedge funds place $20 billion bet

Copper trades just short of $3 a pound as large scale futures speculators build massive bullish position and global supply worries resurface.

Frik Els | August 16, 2017 | 12:16 pm

Gold rush in Nicaragua — production doubles in little over 10 years

Last year, the nation produced over 267,000 ounces of gold, significantly more than the 109,200 ounces it generated in 2006.

Cecilia Jamasmie | August 16, 2017 | 10:25 am

China’s Chalco plans $500m investment in Guinea bauxite project

The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese investments in the resource-rich West African nation.

Reuters | August 16, 2017 | 10:11 am

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