September 10, 2012

Continental Coal shares soar

Shares rose almost 20% in London on Monday over the news that the junior miner is poised to sell its South African thermal coal mining assets.

September 10, 2012

Riverstone intersects 2.39 g/t gold over 24 meters atKao

The company reports on results from seventeen diamond drill holes on the Kao Deposit, which forms part of the company's flagship Karma Gold Project in Burkina Faso, West Africa.

September 9, 2012

South African police brace as Lonmin workers set to return on Monday

South African police are braced for possible violence ahead of Monday's back-to-work deadline for striking workers at Lonmin's flagship platinum mine, where 44 people died in labour strife last month,…

September 8, 2012

Strike costs Lonmin $95 million so far

Analysts estimate that the wage increase, if enacted, would wipe out the company's already thin margins.

September 8, 2012

Xstrata scoffs at new Glencore offer as merger of equals becomes hostile takeover

The new Glencore offer is "significantly lower than would be expected in a takeover" and the intention to replace Mick Davis represented “a significant risk” says Xstrata's board.

September 6, 2012

Partial truce reached at South Africa’s Lonmin mine

Platinum miner Lonmin's (LON:JSE) has signed an agreement to end a nearly four-week platinum-mine strike and return to Marikana mine by Monday, but key parties didn't participate, undermining the government-backed…

September 6, 2012

South Africa’s economic outlook darkens over mining turmoil

The South African economy has struggled over the past few weeks as reports of unrest in the country’s mines drove down the equities of most local miners.

September 6, 2012

Gold production in Africa up almost 10% in 2011

But South Africa's output continues to fall says the Economics Group’s.

September 5, 2012

South Africa’s mining troubles get anime treatment

Taiwanese news animators, Next Media Animation, produced a video showing the unfolding platinum troubles in South Africa.

September 5, 2012

Namakwa Diamonds names new executives

London-based Namakwa Diamonds is undergoing a re-organization.