October 3, 2012

South Africa’s wildcat strikes reach Harmony Gold

South Africa's third-largest gold producer after AngloGold and Gold Fields Ltd., Harmony Gold Ltd. (JSE:HAR), said Wednesday that workers at its Kusasalethu mine embarked on a strike.

October 3, 2012

South African strikes spread to iron ore

75,000 miners, or 15% of the sector's workers in South Africa, are now on wildcat strikes.

October 2, 2012

No end in sight for South African mining strikes

Labour unrest at Anglo American Platinum’s South Africa operations spread on Tuesday to a new mine as the company and fellow miner AngloGold Ashanti (NYSE:AU) have hardened their stance on…

October 2, 2012

Frontier Rare Earths jumps 10% on Korea talks

Frontier is advancing the Zandkopsdrift rare earth project in South Africa and in December sold 10% of the venture to Kores for $23.8 million. The South Korean state-owned company now…

October 2, 2012

Swaziland consults with Botswana on diamond laws

Botswana has been hailed for its instrumental role in the resuscitation of diamond mining in Swaziland through provision of support for the enactment of key legislation and benchmarking.

October 2, 2012

DiamondCorp cancels September gem auction

Africa focussed diamond mine development and exploration company DiamondCorp (LON:DCP) shelved its planned auction for the month of September, due to poor prices during July and August.

October 2, 2012

Beijing investor offers $100m to Coal of Africa for quarter of equity

A subsidiary of Beijing Haohua Energy Resource has offered Coal of Africa $100 million in equity funding following Exxaro's decision to refrain from exercising options for a stake in the…

October 1, 2012

Anglogold warns of closures as strike losses top $55 million a week

South Africa accounts for roughly a third of Anglogold's annual output and the company is losing 32,000 ounces – worth more than $55 million at today's prices – of production…

October 1, 2012

38 Chinese nationals deported from Ghana for illegal gold mining

38 Chinese nationals caught mining for gold illegally in the west African nation of Ghana have been arrested and deported.

October 1, 2012

Lonmin concessions and AngloGold closure heighten contagion concerns

The closure of AngloGold Ashanti's (NYSE:AU) nation-wide operations and Lonmin's concessions to striking workers (LSX:LMI) have raised concerns that unhealthy precedents are being set for future industrial unrest.