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By: Henry Lazenby Updated 4 minutes ago The sliding gold price has contributed to a significantly changed US gold-mining landscape during the first half of 2015, contributing to a 9% year-on-year decrease in domestic output for the month of April, the US Geological Survey (USGS) said in a new mineral industry survey on the yellow... →
By: Martin Creamer Updated 5 hours ago Financially stricken Optimum Coal has been hit by a double whammy – huge potential penalty claims from State electricity utility Eskom plus a suspension of its mining licence by the Department of Mineral Resources (DMR) for alleged inhumane retrenchment. In the face of these latest setbacks,... →
By: Natalie Greve Updated 5 hours ago Royal Bafokeng Platinum (RBPlat) plans to scale back on construction at its Styldrift 1 expansion project, telling investors on Tuesday that a sustained depression in the platinum group metals (PGMs) market – which is expected to continue over the medium term – was behind the imperative to reduce... →
By: Megan van Wyngaardt Updated 6 hours ago TSX-listed Ivanhoe Mines and Zijin Mining Group have extended the completion date for Zijin's planned investment in Ivanhoe's Kamoa copper project, in the Democratic Republic of Congo, to 15 business days after the satisfaction or waiver of all conditions precedent to the transaction have been... →
By: Natasha Odendaal Updated 6 hours ago Limpopo-based Palabora Copper on Tuesday confirmed that operations at its copper mine, in Phalaborwa, had been halted since Friday night, as Ba-Phalaborwa community members embarked on violence and intimidation sparked by what the company claimed was propaganda. Corporate affairs manager Hulisani... →
By: Natasha Odendaal Updated 6 hours ago Following dual-listed Jubilee Platinum’s announcement that it is in advanced talks for a debt facility to fund the bulk of the R346-million needed to bring its two surface platinum processing plants into operation, the mine-to-metals specialist’s JSE share price on Tuesday afternoon contracted... →
By: Creamer Media Reporter Updated 6 hours ago Engineering and technology specialist Steinmüller Engineering has opened a branch office in South Africa, which will focus on providing services to the power and industrial markets in South Africa and sub-Saharan Africa. The company was formed in Germany in 2003 and, in June 2014, was acquired by... →
By: African News Agency Updated 7 hours ago Concern about the free stake the South African government will take in shale gas projects continues to be the main obstacle to foreign investment in exploration in that field, mineral resources officials told MPs on Tuesday. “The definition of free carry interest in the bill lent itself to a... →