October 1, 2012

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…

October 1, 2012

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.

October 1, 2012

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.

September 28, 2012

Petmin Ltd warns of unprotected strike by contractor employees at Somkhele mine

Petmin Limited announced that 345 workers employed by Sandton Plant Hire (SPH) have embarked on an unprotected strike.

September 28, 2012

CoAL takes financial director to court over breaches of duties

Coal of Africa Limited (CoAL) CEO John Wallington said that the company has initiated proceedings to take former financial director Blair Sergeant to court over breaches of duties by Sergeant…

September 27, 2012

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…

September 27, 2012

Strikes cripple 40% of South African gold production

Approximately 40% of South Africa’s gold production capacity is offline due to the combined impact of the ongoing illegal strikes at Gold Fields and AngloGold Ashanti’s operations in the country.

September 27, 2012

Norilsk Nickel looks to acquire PGM licenses in Africa despite risk

At the Russia Investment Summit, Norilsk Nickel CEO Vladimir Strzhalkovsky said the company looks to obtain licenses for platinum group metals deposits in South Africa to increase its resource base.

September 26, 2012

South African mining stuck in ’19th century’

Former anti-Apartheid activist and Gold Fields board member Mamphela Ramphele has some harsh words for South Africa's mining bosses.

September 26, 2012

Zimplats faces USD 33.8 Million in tax liabilities

According to a Zimbabwe Platinum (Zimplats) statement, the company currently has at least USD 33.8 million in tax liabilities.