Tag: south africa mining news
South African miner Sibanye raises loss estimate by $100 million-plus
South Africa's Sibanye-Stillwater expects its full-year attributable loss to be more than $100 million greater than guidance in a trading statement last week, it...
How South African mines cope with power cuts
South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008...
Gold fields slumped 73%
South Africa's Gold Fields Ltd said on Friday its full-year profit slumped 73 percent, dented by a decline in bullion production led by its...
SA labor group stages nationwide protest
South Africa’s biggest labor group staged a nationwide protest against job losses Wednesday, the latest setback for an economy reeling from four days of...
Barrick gold reports $1.2 billion quarterly loss
Canada’s Barrick Gold TSX:ABX)(NYSE:GOLD), which completed its $5.4 billion merger with Africa-focused Randgold Resources at the start of the year, reported Wednesday a loss for its fourth...
Sibanye considering restructure gold making shaft
South Africa's Sibanye-Stillwater said on Tuesday it was considering measures, including restructuring if alternative solutions could not be found to bring loss-making gold shafts...
Eskom carries the most severe power cuts in years
South Africa's Eskom implemented the most severe power cuts in years on Monday after seven generating units unexpectedly went offline, underscoring the challenge President...
Harmony Gold to build solar plant
South African miner Harmony Gold is in talks to build a 30 megawatt solar power plant in the Free State province to supply power...
SA Harmony Gold expects drop in earnings
South Africa's Harmony Gold said on Friday its earnings per share for the first half of the year could be up to 97 percent...
Gem Diamonds from Lesotho mine drops
Last year was a momentous one for Africa-focused Gem Diamonds (LON:GEMD), as it recovered a record number of huge precious stones from its flagship Letšeng mine in Lesotho,...
SA coal mine explosion death toll rises to six
The number of people killed by a gas explosion in an unused coal mine in South Africa's eastern province of Mpumalanga has risen to...
SA gvt to ensure mining industry remains vibrant
President Cyril Ramaphosa told delegates at the 25th Investing in African Mining Indaba in Cape Town that government would introduce a range of reforms...
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