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Mining

'Lowest ever' mine deaths in 2014

Jan 30 2015 17:37

Eighty-four miners were killed in South Africa last year, the lowest ever in the country's mining history, Mineral Resources Minister Ngoako Ramatlhodi says.

Mining

Zimplats posts 17% revenue drop

Jan 30 2015 14:47

Revenue for Impala Platinum-owned Zimplats in the quarter to December 2014 dropped 17%, amid subdued commodity prices on the international market.

News

Glencore mine closure not good news - union

Jan 30 2015 11:32

Glencore's intention to retrench over 1 000 employees at its Optimum Coal Mine in Mpumalanga is disappointing, according to union Uasa.

Mining

Harmony second-quarter output down 10%

Jan 30 2015 07:32

Harmony Gold says bullion output for the three months to December fell by 10% from the previous quarter due to maintenance and repair stoppages at two of its mines.

Mining

Many could lose jobs at Glencore mine

Jan 29 2015 17:49

More than 1 000 people will be without work if some operations at Optimum Coal Mine in Mpumalanga close due to financial hardship, says Glencore.

Mining

Lonmin maintains output target, cuts spending

Jan 29 2015 09:50

Lonmin says it would maintain its annual production target, but cut capital expenditure as it battles with low metal prices.

Mining

Anglo hits production targets, flags writedowns

Jan 28 2015 14:44

Anglo American says a sharp drop in commodity prices will likely result in impairment charges for its 2014 financial year.

Mining

Amplats Q4 production dips 17% on strike

Jan 28 2015 11:59

Anglo American Platinum's production has fallen by 17% in the fourth-quarter compared with a year ago due to a strike at its South African operation.

Mining

Diamond prices could remain weak

Jan 27 2015 15:30

Diamond miner Gem Diamonds sees weakness in diamond prices in the fourth quarter that could continue in early 2015.

Mining

Sibanye Gold to lift capex

Jan 27 2015 10:45

South African-focused Sibanye Gold will increase its capital expenditure in 2015, a rare case of a mining company boosting capex as rivals cut costs.

Mining

Gangs live underground for months to feed illegal gold trade

Jan 27 2015 07:00

An in-depth look into South Africa’s illegal precious metals trade, worth as much as $1.3bn a year, spanning poor immigrants, mine employees and criminal gangs.

Inside Fin24.com

 
Mining

Soft diamond market impacts Petra Diamonds

Jan 26 2015 11:06

Petra Diamonds expects full-year results below analysts' average forecast, citing softness in the diamond market.

Mining

Zambia's new president to keep mineral royalty tax

Jan 25 2015 15:44

Zambia will maintain a mineral royalty tax despite fears it could lead to mine closures, President Edgar Lungu said as he was inaugurated in the nation's capital.

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