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AngloGold chairperson warns South Africa on 'reckless' mining rules

By: Bloomberg     20th July 2018 South Africa risks driving away new investment and crippling its mining sector if “reckless” new rules are implemented, according to AngloGold Ashanti chairperson Sipho Pityana. The latest Mining Charter, which is aimed at sharing the benefits of the country’s mineral wealth more equally among... 

South Africa gold producers offer single-digit hikes

By: Reuters     18th July 2018 South African gold producers have offered annual wage increases of around 5% to 6% over three years to most rank and file miners and up to 4.5% for more skilled workers, according to a document seen by Reuters. Gold producers have been giving above-inflation wage hikes for years, adding to the... 

WHERE GOLD NO LONGER GLITTERS:

By: Martin Creamer     13th July 2018 The downturn of an industry that once symbolised South Africa can be evidenced in Khutsong, Carletonville, where former engineering assistant at the world’s deepest gold mine, Caldwell Nzimeni, posed for this photograph. News service Bloomberg reports that Nzimeni, 29, left AngloGold Ashanti's... 

Gold sector wage negotiations to resume on July 18

By: Marleny Arnoldi     11th July 2018 The primary focus of proceedings during the first day of wage negotiations between unions and gold producers, on Wednesday, was for the four representative unions to present and motivate their demands for consideration by the gold producers.  

Gold wage negotiations to start on Wednesday

By: Marleny Arnoldi     10th July 2018 Wage talks between mining sector unions and gold producers are expected to start on Wednesday. In a statement released on Tuesday, the Minerals Council South Africa, representing gold miners AngloGold Ashanti, Harmony Gold, Sibanye-Stillwater and Village Main Reef, said the talks would take place... 

AngloGold starts development of Vogue orebody to increase Sunrise Dam production

By: Simone Liedtke     5th July 2018 Development of the large, high-grade Vogue orebody at gold miner AngloGold Ashanti’s Sunrise Dam gold mine, in Western Australia, is now under way, with production expected to increase by 25% this year to about 300 000 oz. This development follows the commissioning of the miner’s Recovery Enhance... 

AngloGold says no production impact from Guinea power protests

By: Reuters     28th June 2018 AngloGold Ashanti said on Thursday that there has been no production impact at its Siguiri gold mine in Guinea despite two days of violent protests over prolonged electricity outages by communities around the mine. Youths barricaded roads, clashed with security forces and tried to force through... 

AngloGold gets environmental go-ahead for Obuasi redevelopment

By: Marleny Arnoldi     27th June 2018 Gold miner AngloGold Ashanti has received environmental permits for its Obuasi gold mine, in Ghana, paving the way for the redevelopment of the large and high-grade orebody.  

Ghana Parliament ratifies AngloGold’s Obuasi agreements

By: Anine Kilian     22nd June 2018 Ghana’s Parliament has ratified regulatory and fiscal agreements that cover the redevelopment of AngloGold Ashanti’s Obuasi gold mine into a modern, productive mining operation. The ratification, on Thursday, of the development agreement, together with the tax concession agreement, is an... 

New mechanisms launched to help former mineworkers claim in landmark silicosis case

By: African News Agency      20th June 2018 A new website and a Facebook page was launched on Tuesday in a bid to assist former mineworkers and their dependents who may be entitled to compensation that have made provisions for a Trust Fund to pay mineworkers who contracted silicosis or TB at work. The historic R5 billion settlement was... 

On-The-Air (15/06/2018) 

By: Martin Creamer     15th June 2018 Mining companies are going all out to combat the deadly scourge of malaria in Africa in compliance with United Nations wishes. South Africa’s meticulous mineral codes are rapidly emerging as global world beaters. De Beers has concluded a R600-million black economic empowerment deal at... 

Illegal mining worth R7bn a year – PwC

By: Martin Creamer     14th June 2018 The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7-billion a year, says PwC. In its latest edition of SA Mine, the professional services firm equates this to revenue generated from 430 000 oz of gold at the current market price. 

Mining companies combating malaria scourge – ICMM

By: Martin Creamer     13th June 2018 Mining companies are taking firm steps to help combat the scourge of malaria, which affects 3.3-billion people worldwide and kills a child every 30 seconds. International Council for Mining and Metals (ICMM) health, safety and product stewardship director John Atherton reports that: 

AngloGold maintains option for Nevada earn-in

By: Creamer Media Reporter      12th June 2018 TSX-V-listed Renaissance Gold, which has based is business model on joint ventures, has received a $200 0000 payment from gold major AngloGold Ashanti to maintain an option to earn into the Silicon gold project in the Bare Mountains of Nevada, US. In its first year of exploration, AngloGold has... 

AMCU seeks R12 500 minimum for gold miners

By: Bloomberg     11th June 2018 The Association of Mineworkers and Construction Union plans to demand a R12 500 ($956) monthly minimum wage from some of the country’s top gold producers in upcoming wage negotiations. The labor group decided on its demands on Sunday at a mass meeting near Carletonville, about 90 km west of... 

Harmony Gold raises R1.05bn to help settle Moab Khotsong loan

By: Marleny Arnoldi     6th June 2018 Gold miner Harmony Gold has raised R1.05-billion, or $82-million, through the placing of 55-million new ordinary shares with existing and new institutional investors at a price of R19.12 apiece.  

Ghana gold output up 10.2% to 2.81Moz in 2017 – Chamber of Mines

By: Reuters     1st June 2018 Ghana's gold output rose to 2.81-million ounces in 2017, up 10.2% from the previous year, data from the Ghana Chamber of Mines showed on Friday. The growth reflected a general increase in output across most of the 12 mining firms operating in the West African country, the chamber said. 

Chamber rebrand as Minerals Council South Africa establishes valuable ‘reboot’ opportunity for South Africa’s most important industry

By: Martin Creamer     1st June 2018 The introduction of the Minerals Council South Africa provides the struggling South African mining industry with a chance to establish an important new beginning. Proper leadership has the potential to set South Africa on an upward course under the growing realisation that if the country... 

Ghana gold miners say welcome new government export tests

By: Reuters     31st May 2018 Gold mining giants in Ghana such as Newmont, Gold Fields and AngloGold Ashanti welcome new government tests to certify the value of their exports, the main industry association said on Wednesday. The tests that come in addition to customs checks and internal company tests are part of an attempt... 

Agarwal wants to build Indian commodity giant to rival majors

By: Bloomberg     25th May 2018 Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world’s biggest. The founder and owner of Vedanta Resources wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports,... 

Newly named Minerals Council South Africa welcomes board members

By: Nadine James     23rd May 2018 Minerals Council South Africa (MCSA) president Mxolisi Mgojo noted that all of the council’s previous office bearers had been re-elected at the 128th annual general meeting. During his address, Mgojo thanked Kalagadi Manganese chairperson Daphne Mashile-Nkosi, who retired from MCSA board duties... 

AngloGold says plans 2 000 job cuts in South Africa

By: Reuters     23rd May 2018 South African gold miner AngloGold Ashanti plans to cut 2 000 jobs at its domestic operations, it said on Wednesday, as part of plans to cut costs. AngloGold employs roughly 8 200 people in South Africa, where mining companies have had to deal with the risk of volatile labour relations, rising... 

Gamsberg producing by mid-year – Vedanta

By: Martin Creamer     23rd May 2018 The Gamsberg zinc project in South Africa’s Northern Cape is on track with production expected by the middle of this year, the London-listed, India-rooted Vedanta Resources said on Wednesday, when it reported higher revenue and profits and lifted its dividend yield for the year to 6%. Current... 

Harmony poised to hit 1.5m oz target – CEO 

By: Martin Creamer     22nd May 2018 Gold mining company Harmony Gold is well on track to hit its target of 1.5-million ounces of gold a year. The two big steps needed to ensure this – the acquisition and recapitalisation of the Hidden Valley gold mine in Papua New Guinea (PNG), and the acquisition of the Moab Khotsong in South... 

Paulson keeps stake in gold investments during Q1 – filing

By: Reuters     16th May 2018 New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the first quarter of 2018, while other heavyweights including Soros Fund Management, Jana Partners and Caxton Corp all remained unexposed to the metal. The timing for Paulson appeared... 

DRC Mining Code draft regulations complete, but industry still hopes for changes

By: Marleny Arnoldi     15th May 2018 Major mining companies operating in the Democratic Republic of Congo (DRC) remain hopeful that meaningful changes can still be made to the 2018 Mining Code.  

Solidarity seeks at least 10% wage hikes in gold sector

By: Reuters     11th May 2018 South Africa trade union Solidarity has submitted wage hike demands in the gold sector of at least 10% annually over the next three years, according to a document submitted to the Chamber of Mines seen by Reuters. Solidarity only represents about 2% of the workforce in South Africa's gold mines... 

Agarwal encouraging Anglo to accentuate South Africa link

By: Martin Creamer     9th May 2018 Indian mining billionaire Anil Agarwal is encouraging Anglo American – in which he now holds more than 21% – to accentuate its link with South Africa, where the Vedanta Resources company he founded and chairs is successfully turning to highly positive account the zinc assets that Anglo walked... 

Ghana mulls shake-up of mining policy in bid to boost income

By: Bloomberg     9th May 2018 Ghana is benefiting little from its mineral wealth and needs a review of its mining code and tax policies, said Vice President Mahamudu Bawumia. While the West African nation holds a 10% stake in most mines in the country, it has earned almost nothing in dividends since 2012, rendering the... 

NUM seeks 37% pay hike from gold miners over two years

By: Reuters     9th May 2018 South Africa’s National Union of Mineworkers (NUM) has submitted wage hike demands in the gold sector of up to 37% over a two year period, according to a document submitted to the Chamber of Mines seen by Reuters. The demands far exceed the current inflation rate of 3.8% and suggest potentially... 

South African output rises as AngloGold delivers at lower cost

By: Martin Creamer     8th May 2018 The smaller South African footprint of gold-mining company AngloGold Ashanti, consisting of one underground mine and one tailings treatment operation on surface, delivered impressive first-quarter results with rising production and reduced rand-denominated costs. Production rocketed 29% at... 

Coal miners next to launch lung disease compensation claims

By: Simone Liedtke     4th May 2018 The Southern African Catholic Bishops Conference (SACBC) Justice and Peace Commission and Richard Spoor Attorneys say coal miners are the next in line to seek compensation for occupational lung diseases. "The battle to secure justice for sick miners in South Africa is not over. We are working... 

Lawyer expects to sign gold miners' silicosis settlement Thursday

By: Reuters     2nd May 2018 A lawyer acting for nearly half a million miners who contracted fatal lung diseases silicosis and tuberculosis in mines said an out-of-court settlement was expected to be signed on Thursday with those gold companies implicated in the issue. The High Court in 2016 set the stage for protracted... 

Anglogold ups Pure Gold stake to 14.9% in parallel with C$10m Pure Gold private placement

By: Henry Lazenby     30th April 2018 South Africa-based multinational gold producer Anglogold Ashanti has agreed to lift its ownership stake in Canadian project developer Pure Gold to 14.9% through a C$7.4-million investment. The deal comes on the back of a parallel private placement led by Sprott Capital Partners as lead... 

Industry hopeful that DRC mining code issues can be resolved

By: Simone Liedtke     23rd April 2018 Mining companies operating in the Democratic Republic of Congo (DRC) are hopeful that their current engagement with civil society and other key interest groups will contribute to a better understanding of certain issues that need to be dealt with before the country’s new mining code is... 

AngloGold’s Venkat resigns to take top job at Vedanta Resources

By: Marleny Arnoldi     16th April 2018 Srinivasan Venkatakrishan (Venkat) will step down as CEO of gold miner AngloGold Ashanti on August 31 to take up the CEO position at diversified miner Vedanta Resources.  

Miners insist on rewrite of Congo mining code to protect exemptions

By: Reuters     6th April 2018 International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor. The companies announced last week that they had submitted a formal proposal to the government but the document itself,... 

Mobile communication boosts work milieu in deep-level mines

By: Donald Makhafola     6th April 2018 With deep-level mineworkers exposed to hazardous environments on a daily basis, companies need to improve their communication and planning to reduce the number of fatalities in the industry, says employee engagement company Wyzetalk CEO Gys Kappers. "Enhancing stakeholders' engagement through... 

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