AngloGold cuts output, spend, impairs $2.6bn
AngloGold responded sweepingly to a $220/oz fall in the average gold price cutting output 300,000 oz, lopping project spend, and booking a $2.6bn impairment.
Forbes in R45m legal fight with Rio Tinto
Forbes Coal capped a miserable period over the last six months disclosing it had defaulted on a loan and was involved in a legal dispute with Rio Tinto.
New Mining Charter in 2016, sanctions raised
The SA government would have a new charter ready by March 2016 and would lift sanctions for non-compliance to 10% of income from current R500,000 charter.
How new private equity capital is going where mining firms fear...
ONE of the consequences of the mining sector’s new-found interest in shareholder returns over endless growth in market share has been a reluctance to embark...
Lonmin tackles Q3 sans mishap as Sibanye-Stillwater merger looms
LONMIN negotiated the third quarter sans major production mishap, especially at its smelting facilities which it said were "running normally".
As a result, Lonmin expected...
Unions threaten to intensify rail and port strike after rejecting Transnet...
SOUTH African rail and port unions today rejected a revised pay offer by state-owned utility Transnet and said they would intensify a strike underway...
Key BHP Olympic Dam ally to step down
An Australian politician who has played a key role in developing BHP Billiton's Olympic Dam mine and is now under pressure to step down has vowed to stay on until October.
RioZim to buy Namibia diamond mine as part of international expansion
RIOZIM has bought Sperrgebiet Diamond Mine in Namibia as the Zimbabwean group seeks to expand in Africa, said Bloomberg News.
"The group has been trying...
Tharisa reports death of mechanic despite “heroic efforts” of colleagues, medical...
THARISA said a mechanic working in the open pit of the company's North West province chrome and platinum group metals (PGM) mine succumbed to...
AMCU may be heading for another bloodied nose as appeal on...
IT will be a miserable first day back in the office for Lonmin should the Association of Mineworkers & Construction Union (AMCU) succeed tomorrow...