November 7, 2012

Randgold reports 3Q 2012 results; profit down 15% QoQ

Rangold Resources today reported its results for 3Q 2012. Profit totaled USD 121.3 million, down 15% QoQ but in line with 3Q 2011.

November 7, 2012

SA mineral resources minister warns mining firms against retrenching workers

South African Mineral Resources Minister Susan Shabangu today warned mining companies against taking "unilateral action" and retrenching workers due to the costs of recent wage hikes for mining employees.

November 7, 2012

Congo to discuss mining code changes with companies

The Democratic Republic of Congo's intentions to increase the government stake in mining projects by 35% will be first discussed with mining companies and also consulted with the World Bank…

November 7, 2012

China’s overseas mining and metals M&A’s surge in value, momentum set to persist through next year

The total value of overseas mergers and acquisitions pursued by Middle Kingdom's mining and metals players has surged this year according to sector experts from Ernst & Young Global.

November 7, 2012

South African police accused of planting weapons on corpses of Marikana miners

Members of South African law enforcement are alleged to have planted weapons on the corpses of Marikana miners killed during the deadliest police clashes since the end of Apartheid.

November 6, 2012

NUM says Amplats workers remain defiant

National Union of Mineworkers (NUM) spokesman Lesiba Seshoka said today that the 12,000 dismissed striking Anglo Platinum (Amplats) workers have still not accepted the company's reinstatement offer and are continuing…

November 6, 2012

Production suspended at AngloGold’s Mponeng shaft due to incentive bonus dispute

A spokesman for AngloGold Ashanti said today that production at the company's Mponeng shaft has been temporarily halted due to a workers dispute over incentive bonuses from the company.

November 6, 2012

Village Main Reef workers down tools at Buffelsfontein gold mine

Village Main Reef Gold Mining Co. said today that workers at its Buffelsfontein gold mine launched an unprotected strike yesterday night.

November 6, 2012

Uranium One drops to year-low after suffering net loss

The $1.88 billion miner lost $62 million during the quarter as uranium prices continue to drift lower.

November 6, 2012

Canadian Lucara Diamond finds rare blue stone in Botswana

Canada's Lucara Diamond Corp. (TSX:LUC) said it recovered a 9.46-carat rare type II blue diamond from its Karowe mine in Botswana.