MINING.COM

Harmony Gold to cut over 3,000 jobs, union asks Gov’t to intervene

The company had warned it planned to restructure several of its mines, producing almost 25% of its gold, when it posted a third consecutive quarterly loss early May.

Cecilia Jamasmie | May 29, 2015 | 7:40 am

CFSI enables companies to comply with new EU Conflict Minerals rules

Conflict-Free Sourcing Initiative Expands Geographic Scope, Adopts Risk-Based Approach

Conflict-Free Sourcing Initiative | May 29, 2015 | 1:02 am

South Africa doesn’t have enough coal for power plants beyond 2016

Main power utility, Eskom, is struggling to meet demand in a country that depends on coal to generate 85% of its electricity.

Cecilia Jamasmie | May 27, 2015 | 9:15 am

China’s Zijin inks deals with two Canadian firms on the same day

Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.

Cecilia Jamasmie | May 26, 2015 | 5:40 am

Alrosa unearths 78.02-carat diamond from its Mir mine

According to the company, the gem is estimated is worth more than $600,000 if put on auction.

Cecilia Jamasmie | May 25, 2015 | 8:10 am

Zijin Mining, Gold Fields among final bidders for Barrick’s Australian gold mine

Analysts believe Cowal mine may be worth at least $400 million, and that Barrick would likely get as much as $1.1 billion from the sale of both, the New South Wales' mine and Papua New Guinea’s Porgera.

Cecilia Jamasmie | May 22, 2015 | 7:20 am

World Bank, IMF, UNDP and Diplomatic Reps Tour Sicomines Project to Observe Progress of the DRC’s First Infrastructure-For-Minerals Partnership Mines

Facilities scheduled to start production in the fall of 2015; seen as model for future foreign investment and development projects

African Press Organization (APO) | May 21, 2015 | 10:28 am

EU lawmakers surprise with vote on ‘blood metals’ ban

The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.

Cecilia Jamasmie | May 20, 2015 | 6:45 am

Mitsui mulls expanding into food, drugs sectors to offset profit drop

The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.

Cecilia Jamasmie | May 20, 2015 | 4:29 am

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Rising metals prices spur Sibanye to second-half rebound

IAMGOLD reports 2019 attributable reserves of 16.7 million ounces

Zimbabwe threatens to withdraw mining licences over unpaid fees

Billionaire Sawiris hopes to join Egypt gold rush as rules eased

South Africa’s Kumba Iron annual earnings rise on higher ore rates

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