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Impala Platinum’s Zimbabwe subsidiary has implemented a complete shutdown of its flagship Bimha platinum mine due to further deterioration in ground conditions.
Harmony plans to temporarily close its Target 3 shaft in South Africa, a move that could affect up to 1,500 jobs.
Ivanhoe has retained BMO Capital Markets and Morgan Stanley as financial advisers to conduct a strategic review of its DRC copper projects.
Julian Phillips of the Gold Forecaster notes that gold & silver were cut down hard in thin trading Friday and wonders if silver's fall was exaggerated.
Zijin set aside $1.3 billion for acquisitions this year, CFO Hongying Lin told reporters at a press conference in Hong Kong today.
Petra remains on track to meet its production target of about 5 million carats annually by the 2019 financial year.
Access to the funding will give the company some breathing space as it grapples with lower iron ore prices and the Ebola crisis in West Africa.
AIM-listed Zanaga has been granted a mining licence for its Republic of Congo joint venture with Glencore Xstrata.
The gold miner’s new credit facilities should spur bondholder sentiment as it prepares to upgrade underperforming sites.
The silver price is more cautious and tending to slip as it waits for the gold price to give it direction, says Julian Phillips.
The rebooting of its Kusasalethu mine provides a stark warning for those banking on South Africa's platinum sector making a swift recovery.
“It’s about what’s happening inside the gates that is the key to arresting the industry’s productivity decline,” says a new PwC report.
Julian Phillips says gold mining corporations are benefitting from a favorable U.S. climate for equities.
Northam made a full-year loss because of a protracted stoppage at its key South African operations.
The South African bank had previously said its total exposure related to the Qingdao port was $167 million.
Second-quarter core earnings nearly halved as it mined lower-grade ore at its only producing Sukari mine in Egypt.
Harmony plans to focus its attention in Africa and also Papua New Guinea, where it currently has operations.
Frank Timis was recently at the centre of an investigation into a $50 million payment he authorized.
Murray and Roberts Cementation and Thyssen Schachtbau, in conjunction with Herrenknecht, have come up with the latest advance in shaft boring technology.
Experimental technology dubbed Underground Coal Gasification, could be especially important for South Africa, which relies on coal for nearly 90% of its power.
Julian Phillips says if the 80%-20% rule is not eased, then gold smuggling will continue to meet demand.
Cyril Ramaphosa says Lonmin, unions and the government were all to blame for the deaths of 44 miners at the Marikana mine in 2012.
With the start of the gold season imminent, we may have to be patient for a little while longer, says Julian Phillips.
FirstRand Bank’s R2 billion gold corporate bond will begin trading on the Johannesburg Stock Exchange’s main board tomorrow.
With 3 more weeks to the start of the ‘gold season’, we expect gold to hold its ground or go better, says Julian Phillips.
In comparison with last year’s Q2, AngloGold achieved better figures in almost all areas turning negative cashflow of $488 million into a positive $38 million.
Newspaper reports say South Africa’s department of mineral resources sent Gold Fields a letter expressing concern about its social and labour plans.
Hummingbird Resources has arranged finance with Australia’s Taurus Fund to fund construction of the Yanfolila gold mine in Mali.
FL Smidth’s relatively recently formed Mine Shaft systems company has been awarded a major mine hoist contract by Glencore for its Mopani Copper Mines division in Zambia.
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