R/€ = 15.51 Change: -0.04
R/$ = 13.17 Change: 0.05
Au 1282.80 $/oz Change: 8.41
Pt 981.50 $/oz Change: 9.50


Review trade agreements to put South Africa first, Mathunjwa suggests 

By: Natasha Odendaal     10th August 2017 The Association of Mineworkers and Construction Union (AMCU) wants to have South Africa’s “unfavourable” trade agreements reviewed and potentially amended as the country struggles to industrialise and beneficiate, exacerbating the current jobs “bloodbath” in the mining sector. Speaking at a media... 

NUM to march against AngloGold Ashanti’s planned retrenchments 

By: African News Agency      4th August 2017 The National Union of Mineworkers (NUM) is set to embark on a protest march to AngloGold Ashanti’s head office in downtown Johannesburg on Saturday. NUM spokesperson, Livhuwani Mammburu, said the march was against the company’s decision to issue a Section 189 process notice to retrench 8,500... 

Gold miners make provisions for possible settlement in lung disease lawsuit

By: Reuters     27th July 2017 Mining companies Gold Fields and Anglo American have set aside over $130-million between them for a possible settlement with miners who contracted lung diseases at work. A class action suit, mostly relating to the fatal lung disease silicosis, was filed on behalf of miners in 2012 and has further... 

Gold Fields expects lower H1 earnings; sets $30m aside for lung disease claims

By: Creamer Media Reporter      27th July 2017 Stronger exchange rates on converting local currency costs to dollar, an increase in amortisation and a financial provision to potentially settle silicosis claims will result in an up to 50% year-on-year decrease in JSE- and NYSE-listed Gold Fields’s earnings per share (EPS) and headline earnings... 

Sibanye says Cooke strike cost it R160m in revenue; operations to resume on Monday

By: Creamer Media Reporter      30th June 2017 Production at Sibanye’s Cooke operations, near Randfontein, will resume on July 3. This followed nearly a month-long unprotected strike by workers after they were prohibited from taking food underground. 

Method leads to increased productivity

By: Marleny Arnoldi     23rd June 2017 Mining industry drilling services provider Rosond has adopted an approach to drilling equipment maintenance which entails identifying trends to assist it in applying engineering fixes, altering maintenance periods and educating operational staff accordingly. “We follow a productive approach, with... 

Sibanye dismisses 1 514 striking workers at Cooke

By: Megan van Wyngaardt     15th June 2017 Sibanye Gold on Thursday confirmed that 1 514 workers had been dismissed at its Cooke operations, near Westonaria, for not returning to work. The workers had embarked on an illegal and unprotected strike following the company’s attempts to combat illegal mining, which was threatening Cooke’s... 

Miners tumble as South Africa escalates black ownership rules

By: Bloomberg     15th June 2017 Companies including Anglo American and Sibanye Gold dropped after South Africa increased the minimum black ownership requirement for local mines and set a 12-month deadline for compliance with the new rules. The Department of Mineral Resources will raise the requirement from the current 26% to... 

Zwane reveals final Mining Charter, despite boycott

By: News24Wire      15th June 2017 The new and final Mining Charter revealed by Mineral Resources Minister Mosebenzi Zwane on Thursday increases the level of black ownership at mining companies from 26% to 30%. In addition, mining prospecting rights need to have a minimum of 50% plus one share, while companies will be required to... 

Sibanye provides $200m financial assistance to Thor US Holdco

By: Natasha Odendaal     5th June 2017 JSE- and NYSE-listed Sibanye Gold on Monday announced that it would provide $200-million in financial assistance to indirectly wholly owned subsidiary Thor US Holdco. The gold miner’s $200-million advance will enable US platinum producer Stillwater Mining Company (SWC), which is a wholly owned... 

Miners frozen out as South Africa readies new empowerment rules 

By: Bloomberg     31st May 2017 Mining companies in South Africa have been frozen out of consultation over regulatory changes that could dilute shareholders, raise costs and impose new levies to fund community development. South Africa’s Cabinet last week approved a new draft of the country’s Mining Charter and Mineral... 

Sibanye appoints Maziya as nonexecutive director

By: Henry Lazenby     24th May 2017 JSE- and NYSE-listed Sibanye Gold has appointed Savannah Maziya as a nonexecutive director following the resignation of Christopher Chadwick with effect from Tuesday. The South African multinational miner selected Maziya for her wealth of experience in the finance, mining, infrastructure and... 

Sibanye finalises terms of $1bn rights offering

By: Anine Kilian     18th May 2017 Sibanye Gold has finalised the terms of its $1-billion rights offering. The company will offer shareholders 1.2-billion new shares at R11.28 a share – a 60% discount on the closing price of shares on May 17. 

Settlement likely by year-end as parties in silicosis case pursue out-of-court option

By: Jade Davenport     5th May 2017 Mining companies facing a class action suit from mineworkers who developed silicosis on South Africa’s gold mines are expected to reach an out-of-court settlement before the close of the year. The class action, which was lodged in May 2016, comprises, according to attorney Richard Spoor, an... 

Settlement likely by year-end as parties in silicosis case pursue out-of-court option

By: Jade Davenport     5th May 2017 Mining companies facing a class action suit from mineworkers who developed silicosis on South Africa's gold mines, are anticipated to reach an out of court settlement before the close of the year. The class action, which was lodged in May 2016, comprises, according to attorney Richard Spoor, an... 

Sibanye wins four NSA awards

By: Anine Kilian     7th April 2017 Sibanye Gold won four awards at this year’s National Skills Authority (NSA) awards. The company won three gold awards for the Best Adult Education and Training programme, the Best Skills Programme and the Best University Placement programme categories, and a bronze award for the Best Artisan... 

Digitalised mining can allow for deeper mining

By: Marleny Arnoldi     7th April 2017 The University of the Witwatersrand (Wits), in Johannesburg, will test its latest developments in digitalised mining technology in underground mining conditions in the next two months at the Sterkfontein caves, a World Heritage Site in Muldersdrift, near Krugersdorp.  

Long-term improvements forecast for uranium market

By: Robyn Wilkinson     7th April 2017 Although the international uranium market has been facing tough operating conditions, new demand growth is expected later this year on the back of investment in new nuclear reactors in Russia, China and India, says data insights solutions provider GlobalData mining research director Alok Shukla. 

Facility set to boost skills, grow industry after slump

By: Victor Moolman     10th March 2017 Valve manufacturer AVK Southern Africa’s new R200-million training academy, in Alrode, Gauteng, will train 1 500 people by the end of the year. 

US body extends review of Stillwater acquisition; Sibanye provides update on reserves

By: Megan van Wyngaardt     3rd March 2017 JSE-listed Sibanye Gold has received written notification from the Committee on Foreign Investment in the United States (CFIUS) that it wishes to undertake further investigation of the company’s proposed R30-billion acquisition of US-based platinum group metals (PGMs) producer Stillwater Mining... 

On-The-Air (03/03/2017) 

By: Martin Creamer     3rd March 2017 Platinum has been badly hit by anti-diesel sentiment in the wake of the Volkswagen car emission scandal in the United States; South Africa’s Sibanye Gold went on a charm offensive in the United States this week to woo shareholder backing its big American acquisition; and the mining industry’s... 

Mining won’t be bullied into submission – Froneman 

By: Martin Creamer     7th February 2017 South Africa’s mining industry will not be bullied and beaten into submission and all stakeholders have a role to play to improve the South African situation, Chamber of Mines (CoM) VP and Sibanye Gold CEO Neal Froneman said on Tuesday. Speaking assertively at the Investing in African Mining... 

Amplats posts revised FY trading update, expects higher earnings

By: Natasha Odendaal     6th February 2017 Platinum miner Anglo American Platinum (Amplats) on Monday said it now expects its earnings for the year ended December 31, to be considerably higher than what it initially reported in November, despite additional impairments impacting on its basic earnings. Headline earnings for the 2016... 

South Africa says biggest gold miners are risking workers’ lives

By: Bloomberg     27th January 2017 South Africa has accused Sibanye Gold and AngloGold Ashanti, the country’s two biggest gold producers, of putting workers’ lives at risk in an ongoing dispute over safety stoppages. Public comments from both companies suggest that they are refusing to comply with the country’s mining laws, the... 

Platinum price upside limited despite stronger structural demand in coming years 

By: Henry Lazenby     20th January 2017 Analysts at Bank of America Merrill Lynch (BofAML) Global Research forecast little upside for platinum despite strengthening structural demand, saying South African producers are putting more ounces on the market at a time when discipline is required. In a ‘Global Metals Weekly’ report,... 

Mine safety a casualty of too many distractions, say unions as 2016 statistics show marginal improvement

By: Natasha Odendaal     19th January 2017 South Africa’s mining stakeholders need to “go back to the drawing board” and refocus efforts on bringing down the number of fatalities in the sector, trade union Solidarity's deputy general secretary for occupational health and safety and sustainable development Advocate Paul Mardon said, as a... 

Sibanye to acquire US platinum miner for R30bn

By: Martin Creamer     9th December 2016 Precious metals mining company Sibanye Gold has entered into a definitive agreement to acquire all of the outstanding common stock of Stillwater Mining Company of the US for R30-billion ($2.2-billion). The $18-a-share offer represents a premium of 23% to Stillwater’s prior day closing share... 

Indaba invaluable, time-efficient industry barometer – previous delegates

By: Nadine James     5th December 2016 Considered the preferred deal-making platform for mining in Africa, the Investing in African Mining Indaba – scheduled to run from February 6 to 9, in Cape Town – offers invaluable networking opportunities and informative discussions and presentations, contributing to the success of African... 

AngloGold free cash soaring

By: Martin Creamer     14th November 2016 The generation of free cash by gold mining company AngloGold Ashanti is soaring. Free cash flow of $161-million in the third quarter is 54% higher than the free cash flow generated in the six months to June 30. 

Patented mining technology to be released month-end

By: Aarifah Nosarka     28th October 2016 Local ultra-low-profile mining machinery and equipment supplier CMTI Consulting expects to release its patented MT100, MT1000 and automated brake tester technologies for mines by the end of this month. The technology, developed by CMTI Consulting, in Pretoria, comprises 70% local content and is... 

Sibanye's earnings skyrocketing 

By: Martin Creamer     27th October 2016 Precious-metals mining company Sibanye Gold has given notice of skyrocketing earnings. The company, headed by CEO Neal Froneman, told shareholders on Thursday that its 2016 headline earnings a share would be at least 330% higher and normalised earnings at least 200% higher than in 2015. 

Engendering trust among mining sector stakeholders essential for economic growth and employment

By: Martin Creamer     14th October 2016 Sibanye Gold CEO Neal Froneman delivered a bombshell speech at the Joburg Indaba, which would change the face of economic prospects on the African content with mining as the catalyst 

Select PPE

     7th October 2016 Established in 1998, Select PPE is a distributor of application-specific personal protective equipment for customers operating in the mining, manufacturing, agriculture, construction, petroleum, hospitality, medical, corporate and security sectors throughout Africa. Select PPE formulated a ‘PPE... 

Facilitating stakeholder engagement to drive industry growth

By: Aarifah Nosarka     23rd September 2016 Trying to address all the problems the African mining industry faces in two days is a challenge, says Joburg Indaba chairperson Bernard Swanepoel, but he believes that the annual Joburg Indaba mining conference has this “down to a fine art”. A major challenge, however, is ensuring the... 

Gold miners granted leave to appeal High Court ruling

By: Megan van Wyngaardt     21st September 2016 South African gold miners African Rainbow Minerals, Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye Gold have been granted leave to appeal against all aspects of the class certification judgment delivered by the South Gauteng High Court in May. The six mining... 

Froneman says Zuma must quit

By: Bloomberg     20th September 2016 South African President Jacob Zuma “has to go,” with poor governance deterring prospective investors, according to the head of Sibanye Gold, the biggest producer of bullion in the country. “Any solid investor, any solid company is founded on good governance and what we have in South Africa at the... 

Mine land, water should be used for agriculture – Exxaro CEO 

By: Martin Creamer     14th September 2016 The vast tracts of land and abundant water supply held by mining companies around their mines should be used for community development through agriculture. “We sit on land, vast land. We sit on water resources, where because of new legislative requirements, we have to make sure that we put in... 

Client delivery focus helps to grow local ventilation business

By: David Oliveira     2nd September 2016 Local fans and ventilation firm MechCaL has registered accelerated growth in all areas of the business over the past two years, owing to the company’s vision of making client delivery a top priority in producing products for South African mining ventilation. During the two-year period, MechCaL... 

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