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South African coal miner plans new climate change strategy

South African businesses are responding to climate change as environmental…

China Molybdenum says giant Congo copper mine is losing money

In the first half, the company did not achieve its…

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Miners in South Africa could face lawsuits from workers

The Constitutional Court in South Africa has kicked open the door to class-action lawsuits against mine owners. The lawsuits could cost miners billions of rand after the court ruled yesterday that mineworkers who had been laid off because of occupational diseases can sue their employers, Business Day reported: The court handed down judgment in the matter of Thembekile Mankayi, who had sued AngloGold Ashanti for damages of R2.6m. Mr Mankayi passed away last Friday of lung disease.


SA’s state-owned mining company launched

South Africa's president, Jacob Zuma, on Saturday officially launched a state-owned mining company under which he said all state interests in mining would be consolidated

New South African state mining company to begin coal production by June: CEO

South Africa’s state-owned African Exploration, Mining and Finance Corp. said it will start producing 800,000 metric tons of coal annually for domestic electricity provider Eskom Holdings Ltd. by June, Bloomberg News is reporting: The company, jointly controlled by the government’s energy and mining ministries, will spend 130 million rand ($18.5 million) building a coal mine in Vlakfontein, about 80 kilometers east of Johannesburg, Chief Executive Officer Sizwe Madondo said at the site today. Production will be increased to 1.68 million tons, with the option of boosting it further to 3 million tons annually, he told hundreds of local residents.

MENA unrest could see gold revisit 1980s and hit $2000

In the 1980s unrest in the Middle East and a surge in oil prices, were the triggers which drove gold to record highs. The current Middle East/North Africa (MENA) unrest could see history repeat itself. It is possible to draw parallels between today's