MINING.COM

Amplats hit hard by South Africa’s mining strikes, down to an annual loss

The negative figures come comes after a 2011 profit of more than $1 billion, which highlights the grim financial situation Amplats currently faces.

Cecilia Jamasmie | February 4, 2013 | 5:23 pm

Guinea wants to bring one of the world’s richest iron ore deposits back to life

Last October, Vale put the scope and schedule for its $1.26 billion Zogota iron-ore project in Simandou South under review.

Cecilia Jamasmie | February 4, 2013 | 3:34 pm

Bad at saving? Zimbabwe had barely $217 in its bank account

Finance Minister, Tendai Biti, also said that diamond mining companies have not been paying revenues to the government.

Cecilia Jamasmie | January 30, 2013 | 6:56 pm

Interest rate hike could trigger global meltdown: Kaye

Renowned hedge fund manager William Kaye says the world faces the prospect of another financial crisis should interest rates be increased and debt burdens be rendered unserviceable.

Marc Howe | January 30, 2013 | 12:48 am

Zimbabwe hopes to double diamond exports this year

Head of state-owned diamond company claims sales last year were hampered by US threats and sanctions.

Marc Howe | January 29, 2013 | 11:36 pm

Amplats yields to pressure, delays overhaul

In a joint statement with the Department of Mineral Resources and unions, the miner has agreed to postpone any decision for 60 days.

Cecilia Jamasmie | January 29, 2013 | 4:49 pm

Amplats in talks about decision on firing 14,000 workers and selling off mines

The world’s top platinum company is reportedly engaged in negotiations with union leaders and the government and it is expected to release a formal announcement on whether talks had succeeded in saving jobs later today.

Cecilia Jamasmie | January 28, 2013 | 5:18 pm

Exotic travel and lots of money: commodity trader for a major miner lists business perks

A social media user who claims being a commodities trader at giant Glencore (LON:GLEN) opened up a forum on Reddit on Sunday in which he answered lots of questions about what it's like to work at the big firm.

Cecilia Jamasmie | January 28, 2013 | 12:55 pm

Zimbabwe launches diamond fraud investigation in lead up to election

Zimbabwe's incumbent ZANU-PF party has ordered police to launch an investigation of claims that five provincial leaders defrauded over a million dollars from various diamond mining companies

Marc Howe | January 26, 2013 | 2:50 am

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