South African miners to deliver tax windfall after metals rally

The vote would involve miners who are willing to take part and inquire whether they wanted to return to work.

The head of the world’s second largest mining company, Sam Walsh, said he will soon stop focusing on cost cuts to centre on growth again.

Tony Hayward was ousted from the oil giant in 2010 following the Gulf of Mexico disaster — the vastest marine oil spill in history.

BSGR denied any laws were broken and accused president Conde and his allies of attempting to steal BSGR’s assets.

Russia produces more than half of global palladium and Western sanctions were threatening supply, but Putin now appears to be taking a softer line.

Levels of conflict and political violence have risen significantly in 48 countries, most of them considered traditional mining destinations.

Stock is up 6% on Tuesday after regional drilling returns 226.8gpt gold over 3.1m including 442gpt over 1.6 metres.

Lucara has discovered rare diamonds in the past, including a 9.46-carat blue diamond that fetched $4.5 million in 2012.

While the mining industry seems to be on its way up, cash-strapped juniors continue to struggle.