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By: Reuters Updated 1 hour 22 minutes ago South Africa's National Union of Mineworkers (NUM) is considering taking legal action against the government if Glencore cuts over 600 jobs at its Optimum Coal unit, it said on Monday. NUM said in a statement that Glencore had, in its view, failed to comply with its social and labour plans... →
By: News24Wire Updated 1 hour 40 minutes ago The nephew of President Jacob Zuma and grandson of former President Nelson Mandela are being investigated by the Hawks in connection with alleged criminal activities stemming from the Aurora case. "The Aurora issue is now in the hands of the Hawks. We are looking at the criminal element of the... →
By: Creamer Media Reporter Updated 1 hour 45 minutes ago Mineral sands miner Sierra Rutile achieved a strong second-quarter performance, lifting its rutile output by 28% quarter-on-quarter and reducing its direct operating cash costs by 16% quarter-on-quarter. The Aim-listed miner produced 29 933 t of rutile in the three months to June 30, compared... →
By: Reuters Updated 2 hours 16 minutes ago China Molybdenum Luoyang Co is poised to make an offer for an overseas mining project costing up to $2.15-billion, the latest push by a Chinese enterprise to acquire resource assets beyond its borders. Officials from China Moly, as it is known, could not be immediately contacted for further... →
By: Esmarie Swanepoel Updated 2 hours 45 minutes ago Diversified miner Glencore has confirmed that production at its West Wallsend underground coal mine, in New South Wales, has been halted, owing to longwall issues. Glencore in May announced that mining at West Wallsend would be completed next year, consistent with the life-of-mine planning. The... →
By: Creamer Media Reporter Updated 3 hours ago TSX-V-listed Bowmore Exploration has closed the first $355 600 tranche of a nonbrokered private placement with Canadian investors. The precious metals-focused exploration mining company noted on Friday that the gross proceeds raised from the placement were to be used to incur Canadian exploration... →
By: Creamer Media Reporter Updated 3 hours ago TSX-listed Centerra Gold’s Kumtor openpit gold mine, in the Issyk Kulp province of Kyrgyzstan, has received extensions until December 31 of its permits for emissions into the atmosphere and waste disposal into the tailings pond. The Toronto, Ontario, Canada-based company reconfirmed on Friday... →
By: Natasha Odendaal Updated 3 hours ago Dual-listed DiamondCorp on Monday said its oversubscribed open offer had raised £5.27-million. The Southern Africa-focused diamond development, exploration and mining company last month issued an open offer for nearly 21-million new ordinary shares to eligible shareholders at 10p apiece. →