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By: Reuters Updated 26 minutes ago Some members of South Africa's National Union of Mineworkers (NUM) rejected a pay hike of up to 17% by gold producers, a union source said on Monday, raising the threat of a sector-wide fallout after another union spurned the same offer. Some members of NUM, the biggest union in the gold sector... →
By: Megan van Wyngaardt Updated 29 minutes ago JSE-listed Firestone Energy is conducting an optimisation study to review its joint venture Waterberg Coal Project’s (WCP’s) capital requirements, to enhance the viability of the four-million-ton-a-year thermal coal project. The WCP partners – Firestone and ASX-listed Waterberg Coal – were... →
By: Creamer Media Reporter Updated 3 hours ago A winch driver, who was injured in a scrapping and rigging accident at the Pandora E3 shaft in May, died of his injuries on Friday. Bonisile Mapango had spent the last two months in the intensive care unit of a hospital. →
By: Reuters Updated 4 hours ago Gold steadied not far above a 5-1/2-year low on Monday, struggling to scale higher at the start of the month after its deepest loss in two years in July, as expectations for a near-term hike in US interest rates kept sellers nearby. Gold's rout deepened last month as the dollar strengthened after... →
By: Megan van Wyngaardt Updated 5 hours ago Aim-listed Edenville Energy placed 500-million new ordinary shares of 0.02p apiece to raise funds to complete the mining licence application process for its Rukwa coal project, in Tanzania, as well as moving discussions with interested partnership groups forward. The company also placed... →
By: Reuters Updated 5 hours ago Canada's First Quantum Minerals will lay off about 1 480 workers at one of its Zambian copper projects after a reduction in its power supply curbed production, the company's local subsidiary said on Sunday. "Regrettably a reduction of approximately 1 480 construction jobs will be brought forward... →
By: Reuters Updated 5 hours ago Members of South Africa's Association of Mineworkers and Construction Union (AMCU) on Sunday rejected a wage offer from gold producers of increases of up to 17%, spokesperson Manzini Zungu said. Gold firms Sibanye Gold and AngloGold Ashanti last week offered an additional R1 000 rand ($80) a... →
By: Reuters Updated 5 hours ago British mining company Vedanta Resources faces legal action in London's High Court after a group of Zambian villagers said their water source and farmland was polluted by the firm's copper mining operations. Vedanta owns a 79.4% stake in Zambia's Konkola Copper Mines, which was also named by... →