Double dose of surprise news tears strips off platinum behemoths

Two consecutive days of surprise negative news this week tore strips off the share prices of South Africa’s two leading platinum mining companies.

Mining Weekly | January 20, 2012 | 7:56 pm

Pretium to raise $18.5m in share sale

Pretium Resources, which owns an 8.3-million ounce gold deposit at the Brucejack property in British Columbia, is raising $18.5-million through a private placement it said on Thursday.

Mining Weekly | January 20, 2012 | 7:37 pm

Cliffs Natural Resources to spend $1bn in 2012

Diversified miner Cliffs Natural Resources has budgeted $1-billion for capital expenditure in 2012, with more than half going into its Canadian iron-ore operations.

Mining Weekly | January 20, 2012 | 7:27 pm

Grande Cache says C$1bn buyout still on

TSX-listed Grande Cache Coal said on Thursday it had “no reason to believe” that a report alleging fraud at the Hong Kong-listed firm which agreed to buy it had merit.

Mining Weekly | January 20, 2012 | 7:24 pm

South Africa’s mining production down 4.6%

South Africa’s mining production dropped by 4.6% year-on-year in November, compared with a decline of 12% in October, Statistics South Africa reported on Tuesday.

Mining Weekly | January 17, 2012 | 11:54 pm

Rio Tinto iron-ore production climbs to record

Diversified resources giant Rio Tinto increased its iron-ore production to a record in the fourth quarter, as the miner pushed ahead with its expansion programme in Western Australia.

Mining Weekly | January 17, 2012 | 11:50 pm

London Mining JV partner files $650m counterclaim

Aim-listed London Mining on Monday slammed a $650-million lawsuit by joint venture partner Wits Basin Precious Minerals as a tactic to avoid repaying its loan.

Mining Weekly | January 17, 2012 | 6:03 am

BHP halts underground ops at Khutala South Africa after fatality

Mining major BHP Billiton’s South African energy coal unit Becsa has suspended mining activities at the underground operation of its Khutala colliery near Witbank, after a fatal accident on Thursday.

Mining Weekly | January 13, 2012 | 12:33 pm

Gindalbie launches skills search for Karara

Metals developer Gindalbie Metals has launched a major new recruitment campaign for fly-in, fly-out workers to staff its A$2.57-billion Karara iron-ore project in Western Australia.

Mining Weekly | January 12, 2012 | 11:03 pm

Exxaro bid puts Republic of Congo on iron-ore map

South Africa’s black-controlled diversified mining company Exxaro Resources is putting the Republic of Congo (RoC) on the map as a new African iron-ore development frontier with its R3-billion (A$338-million) cash takeover offer of African Iron.

Mining Weekly | January 12, 2012 | 7:24 pm

Exxaro faces strike at Arnot coal mine

The National Union of Mineworkers (NUM) said on Wednesday that about 1,000 of its members would down tools at diversified miner Exxaro’s Arnot coal mine near Witbank on Friday.

Mining Weekly | January 11, 2012 | 8:21 pm

German company to host Bauma trade show in South Africa in 2013

Trade fair company Messe München International is bringing its international trade show Bauma to South Africa for the first time in September 2013.

Mining Weekly | January 11, 2012 | 6:53 pm

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