MINING.COM

Sudan exports 7.2 tonnes of gold in first 6 weeks of year

As a means of compensating for lost oil revenues following secession of South Sudan, Sudan has exported some $400 million worth of gold already this year.

Mineweb | February 19, 2012 | 11:27 am

Union says Impala Platinum to rehire all strike-dismissed miners

World No. 2 platinum miner, Impala platinum is to re-instate all the workers dismissed in the recent strike at its flagship Rustenburg operations

Mineweb | February 18, 2012 | 4:27 pm

Sundance shares plummet on further takeover delays

Sundance Resources said Thursday approvals for its Mbalam project are only likely to come in 2 months, further delaying a $1.4bn bid by Hanlong.

Mineweb | February 16, 2012 | 7:19 am

Goldcorp achieves record revenues and cash flow; gold reserves increase for eighth consecutive year

Goldcorp reported fourth quarter gold production of 687,900 ounces at a total cash cost of $261 per ounce, leading to record revenues of $1.5 billion and operating cash flows before working capital changes of $831 million.

CNW Telbec | Mining/Metals | February 15, 2012 | 11:00 pm

First Uranium needs to offload 150,000+ oz yearly gold production by June to stay afloat

Rising costs could make any interested buyer baulk at the idea though. Cash costs in South Africa at its Ezulweni mine has rocketed to $2,143/oz and were up 20% at Mine Waste Solutions although at $613/oz there you could still turn a profit .

Frik Els | February 15, 2012 | 10:00 pm

Report says Mugabe’s police running diamond mines

A report published this week by Global Witness, an international human rights group, says that companies mining the controversial Marange diamond fields in Zimbabwe have senior personnel drawn from security forces loyal to President Robert Mugabe.

Andrew Topf | February 15, 2012 | 9:00 pm

Death of DRC mining go-to guy will reshape country’s resource sector

Augustin Katumba Mwanke, the former governor of copper-rich Katanga province and go-to guy for resource deals, was seen by many as the power behind the throne.

Frik Els | February 14, 2012 | 12:42 am

Anglo Platinum’s very bad year could be good for the market

Anglo Platinum, the world's number one platinum producer, suffered more than 80 safety-related work stoppages including 12 fatalities, that resulted in lower output and a drop in profits of over 60% in 2011.

Frik Els | February 13, 2012 | 8:12 pm

De Beers expects dull year for diamonds despite sales increase of 27%

Diamond demand will slow down significantly in 2012 said today De Beers SA, the world’s largest supplier of rough diamonds, due largely to the weak global economy.

Cecilia Jamasmie | February 10, 2012 | 2:39 pm

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Sibanye-Stillwater has contingency plans for strike at platinum operations

Project Halo rejects favouritism claims in Optimum coal mine buy

Emmerson moves forward with Africa’s hottest new potash project

Finn-Russian digital solutions to revive SA mining industry

Regional states back Congo opposition leader’s vote dispute

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