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US gold bullion exports jump 83% in Q4; South African imports on the rise

By: Henry Lazenby     Updated 7 hours ago The US Geological Survey (USGS) on Friday revealed that total US gold exports for the fourth quarter 2014 were 58% greater than in the third quarter, owing to an 83% increase in fourth-quarter bullion exports when compared with third quarter exports. The USGS’s most recent mineral industry survey... 

US gold bullion exports jump 83% in Q4; South African imports on the rise

Alpha Natural Resources to submit plan to cure NYSE listing deficiency

By: Henry Lazenby     Updated 7 hours ago US coal producer Alpha Natural Resources has been notified by the NYSE that its common stock did not satisfy one of the exchange’s standards for continued listing, which required that the average closing price of a listed company's common stock be at least $1 a share over any consecutive 30-day... 

Miners report first-quarter output ahead of financials

By: Henry Lazenby     Updated 7 hours ago Several miner this week reported production results ahead of publishing financial results for the three months ended March 31. NYSE- and TSX-listed McEwen Mining reported gold output increased 23% to 24 696 oz and silver production decreased 10% to 655 339 oz in the period when compared with the... 

BHP Billiton shuts oven at Colombia ferronickel plant, cutting output

By: Reuters BHP Billiton has shut an oven at its Cerro Matoso ferronickel plant in Colombia after equipment damage, cutting output by as much as three quarters, the president of the union representing the plant's workers told Reuters on Friday. Damage to a crane stopped production of one of two ovens at the... 

Barrick Gold's board faces backlash over executive pay at AGM

By: Reuters Barrick Gold faces a fresh backlash over executive pay at its shareholder meeting this month, with some big institutions planning to vote against its compensation plan and withhold votes for directors to express their unhappiness. Two major Canadian pension funds, the British Columbia Investment... 

Barrick Gold's board faces backlash over executive pay at AGM

IMIC concludes bond restructuring to increase cash flexibility

By: Megan van Wyngaardt Aim-listed International Mining & Infrastructure Corporation (IMIC) has concluded a bond restructuring process at a cost of about $100 000, which IMIC chairperson Ethelbert Cooper said on Friday increased its cash flexibility over the next few years. The restructuring, which reflected a rate of... 

CoM pledges safe working environment amid xenophobic upheaval

By: Natalie Greve The Chamber of Mines (CoM) has, on behalf of its members, expressed its condolences to the families of South Africans and foreign nationals that have died or been displaced as a result of the ongoing xenophobic attacks, committing in a statement that member companies would continue to provide a... 

CoM pledges safe working environment amid xenophobic upheaval
Photo by Duane Daws
CoM president Mike Teke

CompComm blocks proposed Andalusite, Imerys deal

By: Natalie Greve The Competition Commission (CompComm) has prohibited the proposed acquisition of andalusite miner Andalusite Resources by counterpart Imerys South Africa, outlining on Friday that the transaction would result in the removal of an effective competitor in the market for fine- and medium-grade... 

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