Tuesday, August 21, 2018

A Lonmin worker was shot dead at the firm's Rowland shaft with agency reports saying it may have been a NUM shop steward.

Elize Strydom, chief negotiator at the Chamber of Mines of SA, declared herself apprehensive owing to possible strike action at the country's platinum mines.

Auroch has paid Pan African Resources $1.8m in return for 42% in the company leaving the explorer a "nice, clean company".

India's JSW Steel was in discussions to buy London Mining which has seen its share price fall 96% this year amid a decline in the price of iron ore.

QKR, which earlier this year successfully bid for AngloGold Ashanti's Navachab mine, is reportedly bidding for Nevsun Resources.

Zimplats posted only its second annual loss after paying a hefty one-off tax repayment of some $55m.

A South African attorney may derail an out of court settlement regarding the mining charter between the industry and the government.

Central Rand Gold estimated that dewatering of its Johannesburg mine had made some 5.4 million ounces of gold mineable again.

Copper rose as much as 0.6% as some of the world's largest producers of the metal closed mines in Chile amid rains that cut off roads and flooded towns.

Rio Tinto said that diamond demand in China and India could soon have a combined size to equal that of the US.