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Mining

Gold Fields Ghana to lay off 1 500 workers

Dec 12 2017 21:15

Gold Fields' unit in Ghana says it will dismiss 1 500 of its own staff as the company is hiring a contractor to operate its biggest mine in the West African nation.

Mining

World Bank watchdog to probe social, labour complaint against Lonmin

Dec 09 2017 07:45

The World Bank’s Compliance Advisor Ombudsman plans to investigate a complaint by women in Marikana over Lonmin’s alleged failure to comply with social and labour plans.

Mining

Mine fatalities in SA rise for first time in decade

Dec 08 2017 17:42

For the first time in almost a decade, more people are dying in South African mines, the world’s deepest and among the most dangerous.

Mining

Barbrook rescue plagued by fraud concerns

Dec 10 2017 06:01

Creditors of Mpumalanga’s Barbrook Mine have reported business rescue practitioner Rob Devereux to the Companies and Intellectual Property Commission (CIPC), citing concerns over fraud and reckless trading.

Mining

FSB probes trades in Gupta-linked Oakbay, Steinhoff and others

Dec 06 2017 17:36

The Financial Services Board is probing trades in Oakbay Resources and Energy, a Gupta-linked firm, to determine whether share prices were manipulated over a five-month period.

Mining

Pink diamond gets $32m, Patek sets Asian record

Dec 01 2017 22:30

A 14.93-carat pink diamond ring has been sold for about $32m at Christie’s in Hong Kong, at the low end of estimates in a volatile market for gems.

Mining

#GuptaLeaks: How family hijacked (and then lost) a Lesotho diamond mine

Dec 01 2017 06:59

On the eve of the highly contested February 2015 Lesotho elections, Prime Minister Tom Thabane’s government signed away a diamond mine to a company linked to the Guptas.

Inside Fin24.com

 
Mining

Robots will run mines within the next decade - Anglo

Nov 30 2017 14:05

Some mines in the next decade will run without humans and instead rely on robots, virtual models and sensors, according to Anglo American.

Mining

Glencore, Chad said to deadlock on $1bn debt deal

Dec 03 2017 12:45

Talks between Chad, Glencore and a group of banks to restructure more than $1bn in debt have stalled after the African nation rejected the commodities trader’s latest proposal.

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