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Gold miners form working group to seek solution to occupational lung disease

By: Leandi Kolver Mining companies Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye Gold on Tuesday announced that they had formed an industry working group to tackle issues relating to compensation and medical care for occupational lung disease in the South African gold mining... 

Sibanye, Newshelf in breach of merger conditions – Competition Commission  

By: Natalie Greve The Competition Commission has issued a CC19 Notice of Apparent Breach against the merged entity of Sibanye Gold and Newshelf 1114, after the newly formed company allegedly attempted to carry out merger-related retrenchments before the expiry of a two-year moratorium. “This is a serious matter,... 

Solidarity, NUM sign agreements with Sibanye to soften job cuts

By: Leandi Kolver Trade union Solidarity on Thursday announced that it had signed a cooperation agreement with gold producer Sibanye Gold to limit the impact of job cuts at the company’s Cooke 4 shaft, on the West Rand. The agreement, in terms of which the company undertook to implement various measures and... 

S Africa union says signed deal with Sibanye Gold softening job cuts

By: Reuters South Africa's National Union of Mineworkers has signed a deal with bullion producer Sibanye Gold to soften job cuts at the company's Cooke 4 mine, a NUM spokesperson said, with provisions that include voluntary severance packages. "We signed an 'avoidance measures agreement' with Sibanye so... 

Creamer Media publishes African Mining Roundup for November 2014 research report

This month’s report includes details of Sydney-listed South Boulder Mines’ prefeasibility-study-level drilling at the Colluli potash project, in Eritrea; embattled iron-ore miner London Mining’s decision to place the company into administration; and gold miner Sibanye Gold’s record gold... 

Divestment indicative of local industry challenges

By: Bruce Montiea Recent restructuring and divestment moves by mining majors Anglo American Platinum (Amplats), BHP Billiton and Gold Fields are indicative of the difficulties that mining companies operating in South Africa are facing, says strategy and communications consultancy africapractice consultant... 

Company sells new underground mining pipes at expo

By: Pimani Baloyi Local pipes manufacturer Marley Pipe Systems sold several of its newly launched MegaTuff co-extruded flame-retardant high-density polyethylene (HDPE) and ventilation pipes for underground mining at this year’s Electra Mining Africa exhibition, where the products were introduced to the market for... 

Sibanye Q3 production up 10%, full-year guidance maintained

By: Leandi Kolver Gold miner Sibanye Gold on Tuesday reported record gold production of 424 700 oz (13 210 kg) for the three months ended September 30, up 10% year-on-year. The company said the higher production, which resulted in an operating profit of R1.78-billion, was mainly owing to the solid performance of... 

Mines back up and running and commencing with stock clean up

With mines back in operation and some already up to full production, various companies such as Impala Platinum, Diesel Power and Sibanye Gold will be taking to market a variety of redundant and surplus plant and equipment via an online auction. The auction, closing on 30 October, comes as a... 

South Africa’s gold CEOs ready for mergers as prices decline

By: Bloomberg South Africa’s gold miners are ready for mergers and acquisitions (M&As) as the falling price of bullion forces companies to cut costs and repay debt. “Maybe there’s some smart consolidation that can take place on a regional basis,” says Sibanye Gold CEO Neal Froneman. “I think there will be. I... 

Sibanye maintains FY output guidance

By: Creamer Media Reporter Gold miner Sibanye Gold has maintained its output guidance for 2014 at 1.61-million ounces. The company, which would release an operating update for the third quarter on October 28, on Tuesday said total cash costs for the year to end December 31 would be about $850/oz, while all-in sustaining... 

Rebranding Teba says its mission now is ‘more about human potential wherever we find it’

By: Chantelle Kotze The long-standing Teba Limited business, which recruits and manages local and foreign labour for South Africa’s mining industry, has changed its approach from being an inward-looking company to one that proactively provides various services to mines, mineworkers and their families.  

Several platinum opportunities already abandoned - Sibanye Gold

By: Martin Creamer A number of platinum opportunities had been pursued and several abandoned as they did not meet the required investment criteria, Sibanye Gold CEO Neal Froneman said on Tuesday. Froneman told the Denver Gold Show in the US that entry into the platinum industry did not qualify as a strategic... 

Agricultural Equipment Critical to Emerging Farmer’s Growth

Deputy Finance Minister Mcebisi Jonas recently stressed that growth in the agricultural sector must become more formidable and contribute to the country's gross domestic product. With an 8.5% growth in agricultural production achieved in 2013 year-on-year, it appears the sector is on track to... 

Miners pouring millions into education and training 

By: Anine Vermeulen Education and training are integral to South Africa’s mining sector and contribute to the industry’s objective to be safer and more profitable, which is why mining majors continue to invest millions of rands in education and skills training. However, the investment does not always yield the... 

Miners pouring millions into education and training, but results not always in line with expectations 

By: Anine Vermeulen Education and training are integral to South Africa’s mining sector and contribute towards the industry’s objective to be safer and more profitable. While mining majors, such as Anglo American Platinum (Amplats) continue to invest millions of rands in education and skills training in the sector,... 

Teba moves to change its position in the marketplace

By: Chantelle Kotze The long-standing Teba Limited business, which recruits and manages local and foreign labour for South Africa’s mining industry, has changed its approach from being an inward-looking company to one that proactively provides various services to mines, mineworkers and their families. At a media... 

Resources Watch

By: Creamer Media Reporter AMCU knocking on door at Northam’s Zondereinde platinum mine. Sibanye Gold negotiating new work shift arrangements with unions. And, black-owned Merafe’s ferrochrome company entering sweet spot. 

Resources Watch

Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. Bushveld Minerals moves fast to enter the buzzing vanadium market. New model holiday-working labour puts RBPlat on productivity high. Sibanye Gold... 

Sibanye negotiating new work shift arrangements with unions

By: Martin Creamer South Africa-focused gold-mining company Sibanye Gold is negotiating new working shift arrangements with its labour unions to allow migrant workers to return home more frequently and simultaneously facilitate the sweating of assets by increasing the number of days worked a year. The JSE- and... 

Sibanye donates R25m to Wits and UJ, to spend R325m on education and training this year

By: Chantelle Kotze South African gold producer Sibanye Gold donated R25-million to the universities of Johannesburg (UJ) and Witwatersrand (Wits) towards mining and engineering education at an official handover ceremony held last month at its training academy in Westonaria. 

Sibanye Gold begins intensive search for appropriate mining technology

By: Martin Creamer Gold-mining company Sibanye Gold has begun an intensive search for appropriate technology to make the work of mining safer, easier and more productive. The JSE- and NYSE-listed company has mandated highly experienced mining operational executive and mechanical engineer Peter Turner to drive what... 

Sibanye expects higher H1 EPS

By: Leandi Kolver Gold miner Sibanye Gold on Friday said its earnings per share (EPS) for the six months ended June 30, were expected to be between 65c and 75c, while headline earnings per share (HEPS) was expected to be between 75c and 85c, based on an estimated 772.7-million weighted average ordinary shares. The... 

Tenova awarded Sibanye tailings retreatment DFS contract

By: Leandi Kolver Integrated solutions provider Tenova Mining & Minerals South Africa has been awarded the definitive feasibility study (DFS) contract for gold miner Sibanye Gold’s West Rand tailings retreatment project (WRTRP). The WRTRP involved the construction of a large-scale central processing plant (CPP)... 

Noko suggests more frequent home visits for migrant miners

By: Martin Creamer Consideration should be given to the restructuring of shifts to allow migrant mineworkers from distant areas to go home more frequently, says AngloGold Ashanti executive VP sustainability David Noko. Noko, who has headed AngloGold’s social and sustainable development portfolio since June 2012,... 

Kumba shines at tournament

By: Chantelle Kotze Anglo American division, Kumba Iron Ore (Kumba) performed exceptionally well this year at the Inter Mines Group Associated Sports (IMGAS) Tournament, hosted by the iron-ore miner at Konka, in Rustenburg, last month. 

Sibanye to grow uranium output as volatile market improves

By: Natasha Odendaal As gold producer Sibanye Gold moved to optimise its gold resources through the incremental increase in production of uranium, the company could position itself to take advantage of a growing global uranium industry. With existing underground and surface infrastructure in place at its newly... 

Sibanye eyes platinum opportunities as sector overdue for consolidation

By: Natasha Odendaal As South Africa’s top three platinum producers deal with the country’s longest and most costly labour unrest, JSE- and NYSE-listed Sibanye Gold CEO Neal Froneman on Wednesday said the platinum industry was now ripe for – and in fact needed – consolidation. Beleaguered platinum majors Lonmin,... 

Acquisitions boost Sibanye’s gold reserves 65%

By: Natasha Odendaal Gold producer Sibanye Gold on Wednesday announced a 65% hike in its gold reserves to 32.7-million ounces, and its gold resources to 128.7-million ounces, after absorbing its two latest acquisitions, Cooke and Wits Gold. Sibanye VP of Mineral Resources and Mine Planning Gerhard van Vuuren said... 

Sibanye sells first uranium to nuclear fuels corporation

By: Martin Creamer Gold miner Sibanye Gold has sold its first consignment of uranium to the Nuclear Fuels Corporation (Nufcor), where the 10 t of ammonium diuranate will be calcined into uranium oxide (U3O8). Nufcor is a wholly-owned subsidiary of AngloGold Ashanti and provides an upgrading toll-treating facility... 

Sibanye refinancing demonstrates local and global partnership opportunities

By: Leandi Kolver The success of gold miner Sibanye Gold’s R4.5-billion bridging loan refinancing, in December last year, demonstrates the opportunities and value that can be unlocked for African organisations through synergistic partnerships between local and global financial institutions, Nedbank Capital head of... 

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