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Mining

Zim's Mimosa platinum records rise in output

Jul 28 2015 15:08

Mimosa platinum mine, owned jointly by Aquarius Platinum and Impala Platinum, is on a strong footing after its quarterly production lifted by 5%, says the Aquarius CEO.

Mining

Uncovering Eskom's top coal suppliers

Jul 26 2015 17:22

New players have been revealed after City Press received the latest list of Eskom coal contracts after an application in terms of the Promotion of Access to Information Act.

Mining

SA economy dealt fresh blow by mining job cut

Jul 24 2015 20:35

There will be mine closures and shaft closures, otherwise companies could go down - especially in SA - because costs have been rising at a more rapid rate.

Mining

Anglo American could put more assets up for sale

Jul 24 2015 20:00

The head of global mining firm Anglo American says it could sell more assets than currently planned should market conditions deteriorate further.

Mining

Lonmin says 6 000 jobs at risk in proposed restructuring

Jul 24 2015 07:33

Lonmin says it was planning to close or mothball several mine shafts, putting 6 000 South African jobs at risk, because of depressed metal prices.

Mining

ArcelorMittal first half loss seen up to 14-fold wider

Jul 23 2015 11:19

Africa's biggest steel maker ArcelorMittal South Africa has flagged as much as 14-fold wider half-year loss, citing tough trading conditions and higher finance costs.

Mining

Bloodshed seen if pay strike called at SA gold mines

Jul 23 2015 07:51

A pay strike at South African gold companies could result in more violence at the mines, said Andrew Levy, a labour-relations consultant.

Mining

Randgold, Centamin ‘harshly treated’ by gold rout - Investec

Jul 22 2015 20:18

The UK’s biggest gold miners are oversold by investors fleeing the industry in the face of bullion’s slump to a five-year low, according to Investec.

Mining

Glencore to cut 380 jobs at SA coal mine

Jul 22 2015 15:05

Glencore says it will cut about 380 jobs at its Optimum Coal subsidiary after the closure of some operations at the mine.

Mining

Kumba axes dividend on 61% first-half profit drop

Jul 21 2015 09:15

Kumba Iron Ore has cut its interim dividend for the first time since it started trading in 2006 as profit declined 61% after prices plummeted.

Inside Fin24.com

 
Mining

Mining minister appeals for calm amid protests

Jul 20 2015 16:52

Mining minister Ngoako Ramatlhodi has appealed for calm after saying protests around Steelpoort, on the eastern edge of the platinum belt, has disrupted mining operations in the area.

Mining

Amplats to build Zim plant to avoid tax

Jul 20 2015 14:14

Anglo American Platinum says it plans to build a "secondhand" smelter in Zimbabwe to avoid paying a 15% tax on exports of unprocessed minerals.

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