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Latest News

Union Resources among bidders for Amplats mine

By: Reuters     Updated 6 hours ago A group of South African investors known as Union Resources has made a bid for Anglo American Platinum's Union mine, its chairman said on Wednesday. Union Resources chairman Tshepo Bokaba said the group was bidding for the mine, but declined to say how much his company was offering. "We are among... 

Metallon H1 gold production up 6% y/y

By: Megan van Wyngaardt     Updated 7 hours ago Africa-focused Metallon Corporation produced 23 759 oz of gold in the second quarter, bringing its production for the first half of the year, ended June 30, to 48 143 oz. This was 6% higher than the 45 524 oz produced in the first half of 2014, despite a loss of nine production days in January,... 

Weakened nickel, gold prices weigh on Mwana’s FY earnings

By: Natalie Greve Weakened gold and nickel prices paired with lower-than-planned production figures for the two metals have driven a decrease in the earnings of multicommodity miner Mwana Africa, narrowing group earnings before interest, taxes, depreciation and amortisation from $25-million in the 2014 financial... 

JSW sells off 26% of SACMH to black-owned company

By: Creamer Media Reporter Controlling shareholder JSW Energy Natural Resources South Africa has sold 26% of its holdings in South African Coal Mining Holding (SACMH) to black-owned and -controlled Comogen. JSW now had a direct beneficial interest in SACMH of 8.79% and an indirect beneficial interest of 67.25%. 

Study shows 20-yr mine life potential at Sable’s Nimba play

By: Natalie Greve Detailed mine scheduling conducted as part of metallurgical testwork at the Plateau 2 area of Sable Mining Africa’s 205.2-million-ton Nimba iron-ore project, in Guinea, has indicated a life-of-mine of more than 20 years and highlighted the operation’s ability to sustain production of high-quality... 

Zimbabwe misses H1 tax target, mining royalties plunge

By: Reuters Zimbabwe's tax collections were six% below target during the first half of the year while mining royalties and value added tax plunged, reflecting a struggling economy, the tax agency said on Wednesday. The southern African country's economy, where mining contributes around 17% to gross domestic... 

Zimbabwe misses H1 tax target, mining royalties plunge

New ISO standard clarifies diamond labelling

By: Natasha Odendaal The new International Organisation for Standardisation (ISO) standard setting out the classification and providing clarity on the terms when buying and selling diamonds, treated diamonds and synthetic diamonds has been welcomed by industry bodies. ISO International Standard 18323: 2015 Jewellery... 

Thermal coal prices fall amid worries over Chinese demand

By: Reuters Physical coal prices in Australia and Europe continued to fall over the past week, pushed lower by concerns over demand in China after a massive rout in the country's stock market. Cargoes for delivery into Europe's main ports at Amsterdam, Rotterdam and Antwerp in August last closed at $57.40 a... 

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