MINING.COM

South African strikes spread to iron ore

75,000 miners, or 15% of the sector's workers in South Africa, are now on wildcat strikes.

Frik Els | October 3, 2012 | 2:20 pm

No end in sight for South African mining strikes

Labour unrest at Anglo American Platinum’s South Africa operations spread on Tuesday to a new mine as the company and fellow miner AngloGold Ashanti (NYSE:AU) have hardened their stance on strikers.

Cecilia Jamasmie | October 2, 2012 | 6:21 pm

Frontier Rare Earths jumps 10% on Korea talks

Frontier is advancing the Zandkopsdrift rare earth project in South Africa and in December sold 10% of the venture to Kores for $23.8 million. The South Korean state-owned company now wants to ink a more comprehensive deal.

Frik Els | October 2, 2012 | 2:46 pm

DiamondCorp cancels September gem auction

Africa focussed diamond mine development and exploration company DiamondCorp (LON:DCP) shelved its planned auction for the month of September, due to poor prices during July and August.

Cecilia Jamasmie | October 2, 2012 | 1:25 pm

Beijing investor offers $100m to Coal of Africa for quarter of equity

A subsidiary of Beijing Haohua Energy Resource has offered Coal of Africa $100 million in equity funding following Exxaro's decision to refrain from exercising options for a stake in the South African miner's Makhado coal project.

Marc Howe | October 2, 2012 | 1:52 am

Anglogold warns of closures as strike losses top $55 million a week

South Africa accounts for roughly a third of Anglogold's annual output and the company is losing 32,000 ounces – worth more than $55 million at today's prices – of production a week.

Frik Els | October 1, 2012 | 6:46 pm

38 Chinese nationals deported from Ghana for illegal gold mining

38 Chinese nationals caught mining for gold illegally in the west African nation of Ghana have been arrested and deported.

Marc Howe | October 1, 2012 | 1:29 am

Lonmin concessions and AngloGold closure heighten contagion concerns

The closure of AngloGold Ashanti's (NYSE:AU) nation-wide operations and Lonmin's concessions to striking workers (LSX:LMI) have raised concerns that unhealthy precedents are being set for future industrial unrest.

Marc Howe | October 1, 2012 | 12:26 am

Friedland’s Ivanplats IPO: ‘It’s a gun to the head’

If Ivanplats's $165 million worth of bonds are not redeemed for stock, rates on the debt soars to credit card-like repayments of just under 19% on November 10 and to an eye-watering 26% in November next year.

Frik Els | September 27, 2012 | 11:59 pm

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