MINING.COM

Lonmin says no to takeover bid by Xstrata

Despite market rumours indicating otherwise, South Africa’s platinum producer Lonmin (LON:LMI) rejected Friday a reverse takeover bid by Xstrata (LON:XTA), its unhappy largest shareholder, as it announced a loss before tax of $698 million in the financial year ending in September.

Cecilia Jamasmie | November 9, 2012 | 1:23 pm

Lonmin to make $800 million share offer at 45% discount to TERP

Inside sources claim platinum miner Lonmin (LON:LMI) will price an upcoming share offer at a 45% discount to the theoretical ex-rights price (TERP) on Friday, in the hope of raising a total of $800 million.

Marc Howe | November 9, 2012 | 4:02 am

South African report highlights Chinese labor abuses in the Sub-Sahara

A new report by Johannesburg-based South Africa Resource Watch (SARW) claims that China is exploiting cheap labor in the sub-Saharan nation and subjecting employees in the mining industry to harsh working conditions.

Marc Howe | November 9, 2012 | 3:17 am

S. African strikes drop annual mining production 8.3%

In what it shouldn’t come as a surprise for anybody who has been following the news in the last three month, South Africa reported Thursday its mining output dropped 8.3% on the year in September.

Cecilia Jamasmie | November 8, 2012 | 2:43 pm

South African police accused of planting weapons on corpses of Marikana miners

Members of South African law enforcement are alleged to have planted weapons on the corpses of Marikana miners killed during the deadliest police clashes since the end of Apartheid.

Marc Howe | November 7, 2012 | 12:39 am

Russian government allows foreign investors to develop strategic gold and precious metals minefields

The Russian government is considering allowing foreign investors to develop strategic gold and precious metals minefields, through the adoption of amendments on the currently existing federal law “On Subsoils”, which regulates the development of the minefields in Russia.

ProEdge Wire | November 6, 2012 | 6:53 pm

Aquarius Platinum gets lift from takeover talk

Aquarius also appointed a new CEO this week.

Frik Els | November 6, 2012 | 5:36 pm

Chinese jewelers spread inland spurred by spike in consumer demand for gold

China's jewelry stores are expanding into smaller inland cities as demand for gold rises amongst the country's increasingly affluent consumer base.

Marc Howe | November 6, 2012 | 1:48 am

Striking South African coal miners killed at Canadian mine

South African police fired tear gas on Thursday to disperse a group of striking coal miners a day after security guards killed two workers that had tried to break into a locked mine-explosives armoury at Forbes & Manhattan Coal Corp. (TSX:FMC) operations.

Cecilia Jamasmie | November 1, 2012 | 6:01 pm

First

Last

Anglo American appoints takeovers expert as new chairman

CHART: Commodity prices slump to 50-year low against US stocks

‘Strong hand’ may be pushing palladium price higher

Miners frozen out as South Africa readies empowerment rules

CHART: Hedge fund commodity bulls misread the market

Create FREE account or log in

to receive MINING.COM digests