MINING.COM

South Africa to up the rent because nationalisation would break the bank

The African National Congress has proposed a tax to raise R40 billion: the Resource Rent Tax would take 50% of a mining company's profits that exceed 15% return on their investment.

Joshua Zapf | June 25, 2012 | 6:50 pm

Rio Tinto makes first coal shipment‎ from Mozambique

Giant miner Rio Tinto said Monday that it has started exporting premium hard coking coal from its Mozambique Benga Mine, its first shipment of 34,000 tons has left the Port of Beira and is bound for an Indian steel mill.

Cecilia Jamasmie | June 25, 2012 | 1:22 pm

Aquarius Platinum puts Everest Mine on care and maintenance

Due to an platinum market that is an “abiding surplus”, the board at Aquarius Platinum (LON:AQP) placed its Everest mine on care […]

Michael Allan McCrae | June 22, 2012 | 4:12 am

Xstrata to pay $342 million to execs after Glencore merger triggers ‘red-top alert’

The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.

Cecilia Jamasmie | June 21, 2012 | 12:24 am

Rio Tinto breaks the piggy: $4.2 billion investment to boost its iron ore business

Giant miner Rio Tinto (LON:RIO) continues to build its reputation as the most bullish of the major mining companies after it announced today it will spend $4.2 billion on top-tier iron ore projects.

Cecilia Jamasmie | June 20, 2012 | 2:00 pm

Ben Bernanke the two of us need look no more. We both found what we were looking for: QE3

Gold bugs are waiting with bated breath for news that the Federal Reserve and its Chairman Ben Bernanke have agreed to further asset purchase programs when the Open Market Committee releases its policy statement on Wednesday.

Frik Els | June 19, 2012 | 11:30 pm

Semafo up 4% after tracing new trend over 10 kilometers in Niger

The $1.5 billion company currently operates three gold mines: the Mana Mine in Burkina Faso, the Samira Hill Mine in Niger and the Kiniero Mine in Guinea.

Frik Els | June 19, 2012 | 5:38 pm

Zimbabwe confirms army ownership of diamond mine

Zimbabwe’s Deputy Mines Minister, Gift Chimanikire, confirmed an army-owned company owns 40% of Anjin, one of the most lucrative diamond concessions in the country.

Cecilia Jamasmie | June 19, 2012 | 4:28 pm

Fatalities at Gem Diamonds’ Botswana mine delays production until 2014

Gem Diamonds said initial production at its Ghaghoo underground mine project in Botswana would be delayed until the first half of 2014 after an accident yesterday resulted in the death of two workers.

Cecilia Jamasmie | June 19, 2012 | 3:47 pm

First

Last

Famed Cullinan mine banks on big diamonds to drive down debt

Sibanye-Stillwater may cut nearly 6,000 jobs in gold shake-up

Strike over job losses compounds South Africa blackout woes

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

South Africa’s Sibanye-Stillwater may restructure loss-making gold shafts

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