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Mining

Rio Tinto shuts Richards Bay mine, halts R6.7bn expansion project amid violent protests

Dec 04 2019 18:07

Rio Tinto Group shuttered its Richards Bay Minerals unit on Wednesday and paused a $463m (R6.7bn) expansion project amid escalating violence in surrounding communities that led to an employee being shot and injured.

    Mining

    RBPlat signs new 5-year wage deal

    Nov 25 2019 22:07

    After "very difficult" negotiations, RBPlat has announced a new five-year wage deal it says will bring a period of stability.

    Mining

    Alexkor's reliance on diamond sales could seal its fate, auditor warns

    Nov 26 2019 05:00

    Independent auditor and director of Ngubane and Company, Sicelo Vilakati, wrote in his audit report that Alexkor's financial conditions indicated “material uncertainties” which cast doubt on its ability to continue as a going concern.

    Mining

    Platinum miners strike three-year wage deals

    Nov 15 2019 15:19

    Anglo American Platinum, Impala Platinum and Sibanye announced three-year wage deals with the National Union of Mineworkers, the Association of Metalworkers and Construction Union and Uasa.

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    Mining

    It's been a rough week for diamond miners

    Nov 09 2019 12:17

    While the world’s biggest diamond miner surprised the market by cutting prices this week, a slew of filings from its smaller rivals show the move was inevitable.

    Mining

    UAE announces major new oil, gas discoveries

    Nov 05 2019 15:13

    The United Arab Emirates, a leading OPEC producer, on Monday announced "significant" oil and gas discoveries and launched a new pricing mechanism for Abu Dhabi flagship Murban crude.

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