Isuzu Trucks worried by rapid truck market decline

While the total sales of medium commercial vehicles in South Africa in August were hard hit by lingering economic drags, narrowing 6.3% year-on-year, Isuzu Trucks South Africa (ITSA) managed a... 

Gemfields raises $35.14m in Singapore emerald, amethyst auction

Zambia-focused precious stones miner Gemfields has garnered revenues of $35.14-million from its most recent auction of predominantly rough emeralds extracted by subsidiary Kagem Mining, as well as... 

Shanta lifts New Luika resource by 46%

A reverse circulation drilling programme at East Africa-focused Shanta Gold’s New Luika project, in southwest Tanzania, has resulted in a 46% increase in the Elizabeth Hill tenement’s resource to... 

Gem Diamonds finds buyer for 357ct Letšeng diamond

London-listed Gem Diamonds has sold an exceptional 357 ct white diamond that was recovered at its Letšeng mine, in Lesotho, in July, for $19.3-million in Antwerp last week. “The Letšeng mine has... 

Trading price of Harmony’s ADR falls below NYSE requirements

The NYSE has notified Harmony Gold that the trading price of the company’s American depositary receipt (ADR) has fallen below the bourse’s continued listing standard, which requires that a minimum... 

R267m greenfield project to kick off S Africa’s beneficiation agenda

Described as a tangible example of its reindustrialisation and mineral beneficiation agenda, government on Friday broke ground on a R267-million greenfield project that will see the development of... 

Supportive environment key driver of VWSA’s R4.5bn investment plan

Volkswagen South Africa (VWSA) has announced plans to invest over R4.5-billion in its South African operations over the next two years, setting the stage for the country’s largest passenger vehicle... 

Diversification of South African energy mix ‘a no-brainer’

South Africa’s growing energy crisis should be addressed through a well thought-through and phased programme that included economically feasible renewable-energy alternatives, nuclear energy and... 

CCMA consolidates wage negotiation conciliation process

In a move that ultimately recognises labour unions with representation of less than 1% in the gold sector, the Chamber of Mines (CoM) on Tuesday announced that the Commission for Conciliation,... 

CRG, Asian firms still locked in talks over subsidiary disposal

JOHANNESBURG (miningweekly.com) – Dual-listed Central Rand Gold (CRG) is continuing talks with Asian investor groups Hiria and Huili Resources over the disposal of its CRG Netherlands Antilles... 

Aureus achieves first gold sales from New Liberty mine

Aureus mining has announced the start of gold sales and initial mining and processing operations from the 8.5-million-ton New Liberty gold mine, in Liberia, after achieving nameplate capacity at... 

Gemfields raises $35.14m in Singapore emerald, amethyst auction

Zambia-focused precious stones miner Gemfields has garnered revenues of $35.14-million from its most recent auction of predominantly rough emeralds extracted by subsidiary Kagem Mining, as well as... 

Keaton, Rutendo announce R150m flip transaction

Coal producer Keaton Energy has inked a deal that will see Rutendo Mining exchanging its 26% shareholding in subsidiary Keaton Mining for 21.83% of the issued shares in Keaton Energy, the group... 

Petmin expects FY earnings to increase 60%

Following a solid operational performance at its Somkhele anthracite mine, in KwaZulu-Natal, multicommodity mining company Petmin’s headline earnings for the year ended June 30 are expected to... 

Platinum producer increases output

After successfully increasing the ore mined across its operations by 19% quarter-on-quarter to 1.48-million tons for the three months ended June 30, platinum miner Zimplats has lifted the... 

Stakeholders unite amid threat of steel jobs ‘bloodbath’

In a rare show of collective force, labour and business in the steel sector have successfully lobbied government to back efforts to raise protection for the embattled sector by hiking import duties... 

Next phase of of Joburg’s BRT construction kicks off

Advancing development of what it describes as a sophisticated public transport network, the Johannesburg Development Agency (JDA) has started the implementation of Phase 1C of the bus-rapid transit... 

Regional approach to export strategy vital, says logistics council

Rather than adopting piecemeal export strategies that are not aligned with their neighbours, Southern African countries should collaborate and cooperate in the field of export promotion and supply... 

1 400 jobs lost at Lonmin as cost-cutting programme gets under way

After last month announcing a programme of shaft closures and workforce reduction aimed at cutting its cost base amid a depressed platinum pricing environment, Lonmin says 1 400 employees have left... 

Govt, labour, business ink declaration to stem jobs losses in mining sector

Several trade unions, representatives of the Department of Mineral Resources and leaders from the Chamber of Mines (CoM) have committed to embarking on a ten-point action plan aimed at stemming the... 

Magnum offloads remaining share in Tantalite Valley project for R7m

ASX-listed Magnum Mining & Exploration has moved to offload its remaining 40% interest in the Tantalite Valley project, in Namibia, to fellow miner African Tantalum for R7-million, recently signing... 

Construction starts on R86m Coega multi-user processing facility

The Coega Development Corporation (CDC) has kicked off construction on the R86-million multi-user processing and value-addition facility in Zone 3 of the Coega industrial development zone (IDZ), in... 

Social impact of business rescue proceedings should be prioritised

The social impact of business rescue proceedings, which referred chiefly to the impact on employment, should be prioritised above the interests of the flailing company’s debtors, particularly given... 

ACSA lifts earnings, but warns of possible tariff hit

While achieving an 8.9% year-on-year increase in revenue to R7.7-billion for the 12  months ended March 31, principal airport owner Airports Company South Africa (ACSA) continues to caution that a... 

Gold Fields reports earnings increase to $22m but warns of likely production slip at South Deep

While a solid showing from its Peruvian, Ghanaian and Australian operations pushed Gold Fields’ second-quarter earnings to $22-million, the company has cautioned of a likely output slip at its... 

Lonmin sheds 1 400 jobs as cost-cutting programme gets under way

After last month announcing a programme of shaft closures and workforce reduction aimed at cutting its cost base amid a depressed platinum pricing environment, Lonmin says 1 400 employees have left... 

Q1 brings mixed bag for multicommodity miner Mwana

Multicommodity miner Mwana Africa lifted gold production from its Freda Rebecca mine, in Zimbabwe, by 6% to 16 985 oz in the quarter ended June 30, benefitting from a 37% increase in tons mined to... 

Govt, business, labour in rare show of unity amid threat of steel jobs ‘bloodbath’

In a rare show of collective force, labour and business in the steel sector appear to have successfully lobbied government to back efforts to raise protection for the embattled sector by hiking... 

Labour Appeal Court reserves judgment in AMCU appeal

The Labour Appeal Court on Friday reserved judgment following the hearing of an appeal lodged by the Association of Mineworkers and Construction Union (AMCU) against a 2014 decision of the Labour... 

Air China offers first direct Beijing–Jhb flights

Becoming the first air link offered by a Chinese carrier between mainland China and South Africa, as well as Air China's first route to Africa, the Asian carrier has announced that it will launch a... 

DTI moves to allay business fears over amended empowerment codes

In an effort to allay fears by business that newly reworked black economic-empowerment (BEE) legislation would stifle growth and introduce further bureaucratic convolution, the Department of Trade... 

‘Reasonable’ prospect of Evraz Highveld recovering from business rescue

Despite missing an initial three-month deadline to conclude the business rescue proceedings of Evraz Highveld Steel and Vanadium, the South African steelmaker’s appointed business rescue... 

Radebe cautious on higher tariffs for Chinese steel

Amid calls by the South African steel industry for improved tariff protection against the import of inexpensive Chinese steel, Minister in the Presidency Jeff Radebe has cited overarching trade... 

Aquarius appeals for sharing of infrastructure as low prices bite

Amid global platinum prices languishing at six-year lows of some $980/oz, South African producer Aquarius Platinum is looking to its neighbours in the platinum belt for possible operational... 

PFS points to coal sales of up to $48.6m/y at Mbeya project

A prefeasibility study (PFS) on the mining portion of Tanzania-focused Kibo Mining’s Mbeya coal-to-power project (MCPP) has outlined potential yearly revenues from coal sales of between... 

Gold Fields swings to black in Q2, but cuts guidance at South Deep

While a solid showing from its Peruvian, Ghanaian and Australian operations pushed Gold Fields’ second-quarter earnings to $22-million, the company has cautioned of a likely output slip at its... 

No gold wage deal for Solidarity, say producers

While indicating its intention to accept a gold-sector wage deal by the Chamber of Mines (CoM), trade union Solidarity was unable to accept the deal unilaterally, as the offer remained contingent... 

Drilling confirms extension at Endeavour’s Côte d’Ivoire gold play

Results from a drilling programme at dual-listed Endeavour Mining Corporation’s Agbaou gold mine, in Côte d’Ivoire, have confirmed extensions of mineralisation in the West pit area and delineated... 

Stellar raises $330 000, rejigs capital structure

London-listed Stellar Diamonds has raised $330 000 through the issue of a new unsecured convertible loan note to Germany-based investment group Deutsche Balaton, providing the West Africa-focused... 

Production starts at Vast’s Romanian polymetallic mine

Aim-listed Vast Resources has conducted the first blast at the 1.8-million-ton openpit Manaila polymetallic mine, in northern Romania, and has started the first production of concentrate at its...