Thursday, January 18, 2018

Talks to stem retrenchments in South Africa's mining sector and improve bureaucratic efficiencies were welcomed by the Chamber of Mines.

The National Council of Provinces is to vote on the controversial changes to the MPRDA on March 27.

The humanitarian crisis at west Johannesburg mine, Blyvooruitzicht, would be the focus of an urgent meeting led by Ngoako Ramatlhodi, SA's mines minister.

A strike over pay at South African gold mines could lead to renewed violence in the country's mining sector.

Chilean President Sebastian Pinera is jubilant about the current rescue operation being conducted at the San Jose mine, but cautiously warned that the rescue the saga wouldn't be over until all 33 men are out.

The Chamber of Mines welcomed comments by finance minister Nhlanhla Nene that the mining sector must get "on the front foot" nationally and internationally.

Lynne Brown, public enterprises minister, would seek a chartered accountant for Eskom's board as she sought to unravel the mystery of its finances.

The price of gold advanced to three-week highs as Asian investors sought to buy physical stores of the metal.

London Mining is hoping to raise $400m to expand its Marampa iron ore mine in Guinea to 8 million tonnes a year.

Royal Bafokeng Platinum has cut its contract with Shaft Sinkers on the Styldrift 1 project after the services firm's CEO and CFO left the company.