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NUM union mulls legal action over Glencore coal layoffs

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... 

Zuma, Mandela probed by Hawks over Aurora

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... 

Sierra Rutile lifts Q2 output, reduces costs

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... 

China Molybdenum says ready to make $2.15bn mine acquisition

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... 

China Molybdenum says ready to make $2.15bn mine acquisition

Glencore confirms production halt at NSW underground coal mine

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... 

Glencore confirms production halt at NSW underground coal mine

Bowmore closes first tranche of private placement, board member resigns

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... 

Centerra’s Kumtor environmental permits extended to year-end

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... 

Centerra’s Kumtor environmental permits extended to year-end

DiamondCorp raises £5m in oversubscribed offer

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. 

DiamondCorp raises £5m in oversubscribed offer

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