South African mining profits slump by almost half, report says

An analysis of 29 domestic mining companies showed that combined net income slumped to 108 billion rand in their latest financial years, from a record 206 billion rand.

Bloomberg News | October 4, 2023 | 10:07 am

Ranked: The world’s top diamond mining countries, by carats and value

Only 22 countries in the world engage in rough diamond production.

Visual Capitalist | October 4, 2023 | 9:00 am

Sibanye CEO warns of platinum mining job losses as price plummets

South African platinum group metal miners are battling an electricity crisis that has impacted output and increased costs.

Reuters | October 4, 2023 | 7:44 am

Heads to roll at Anglo American head offices

The mining giant has begun at Kumba Iron Ore, where 181 workers got notices and 141 jobs are expected to be cut.

MINING.COM Editor | October 4, 2023 | 6:03 am

Barrick to invest $2 billion in Zambia copper mine expansion

Barrick's plan is to increase Lumwana’s annual production to an estimated 240,000 tonnes of copper per annum process plant.

Cecilia Jamasmie | October 4, 2023 | 3:51 am

A new $850 million route to speed up Congo’s copper exports

Major construction works will begin after the rainy season which is about to start, and will take three years to complete.

Bloomberg News | October 3, 2023 | 10:14 am

Zimbabwe searches for mine survivors as relatives lose hope

Miners were trapped underground when a disused gold mine collapsed last week.

Reuters | October 2, 2023 | 8:38 am

Thungela says coal terminal workers’ strike not impacting exports

Workers at Richards Bay Coal Terminal have been on a strike for the past three weeks.

Reuters | October 2, 2023 | 8:29 am

South Africa says Kusile coal plant to revive capacity this year

South Africa said Eskom will add 2,400 megawatts of generating capacity to the country’s grid before the end of the year.

Bloomberg News | October 1, 2023 | 8:44 am

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Anglo American rejects BHP’s revised $43 billion proposal

Platinum’s shortage to persist as EV slowdown fuels demand

Platinum, palladium, rhodium prices seen down in 2024 despite deficit, Metals Focus says

Anglo investors tell company to move faster to survive BHP bid

Sibanye seeks to loosen borrowing restrictions as earnings plunge

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