MINING.COM

BHP’s performance on the ground fails to lift shares off 3-year lows

The stock hit a high of $50 in May 2008 and came close again in April 2011, but at $170 billion, the Melbourne-based company is now valued at some $80 billion less that at its peak.

Frik Els | August 1, 2012 | 6:22 pm

Platfields calls for state intervention in South African platinum sector

Bongani Mbindwane, CEO of South African junior explorer Platfields (SJ:PLL), has written an open letter to South Africa's mineral resources minister calling for direct assistance in dealing with the platinum sector's dire condition.

Marc Howe | July 31, 2012 | 3:23 am

Strike gets Gold One to gut guidance

With an illegal strike on its hands Gold One has reduced its guidance, originally set at 300 000 oz, down to 250 000 oz.

Joshua Zapf | July 30, 2012 | 5:55 pm

Tanzania demands 30% tax from gold miners on grounds of rising prices

The gold-rich African nation of Tanzania has introduced a 30% corporate tax for mining companies in operation for more than five years, stating that the move is justified by rising precious metal prices on the international market.

Marc Howe | July 30, 2012 | 5:10 am

One of the world’s oldest ruling dynasties threatened by platinum industry crisis

The Royal Bafokeng nation, who control vast parts of the platinum belt in the north west province of South Africa warned that earnings at its main investment vehicle could be down by between 52% and 62% over the first six months of 2012.

Frik Els | July 29, 2012 | 11:44 pm

AngloGold halts Savuka operations after fatality

AngloGold, the number one gold miner on the continent, said "it was treating the death as an occupational accident pending an inspection scheduled for Monday."

Frik Els | July 28, 2012 | 7:04 pm

Platinum could outperform palladium: Deutche Bank

Deutsche Bank expects that platinum supply could see further cutbacks as economic/social pressures in South Africa mount and the price could be dragged higher by stronger gold prices over the remainder of 2012.

MINING.com Editor | July 28, 2012 | 6:48 pm

Anglo Platinum confirms large-scale lay-offs

South Africa's Anglo Platinum, the world's largest primary platinum producer, has confirmed the lay-off of 725 employees from its central services and support functions, provoking the ire of the mining's industry's national union.

Marc Howe | July 27, 2012 | 1:02 am

Barrick misses expectations and delays Pascua-Lama

Barrick Gold, the world's largest producer of the precious metal, reported higher-than-expected operating costs and a massive capital cost over-runs on Thursday in its first quarterly report since letting go CEO Aaron Regent in June.

Cecilia Jamasmie | July 26, 2012 | 12:42 pm

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Death toll from South African mine blast rises to 18 as 13 bodies recovered

Barrick on Newmont merger: “No decision at this time”

Teranga completes initial resource on Golden Hill

AMCU plans to extend Sibanye gold strike to other South African miners

Newmont Mining profit beats on higher gold output, lower costs

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