Wednesday, January 16, 2013

South Africa's gold output fell by 32.2% in November

Tuesday , 15 Jan 2013
The mine?s union leader says workers will vote on a new contract in the coming days after they rejected a previous offer made in December. Tuesday , 15 Jan 2013
"There was never a consultation. They've come up with their own plan, finalised their plan and told us," Susan Shabangu told a news conference on Tuesday. Tuesday , 15 Jan 2013
Data released by Statistics South Africa shows that gold output fell by 32.2% in volume terms in November 2012, highlighting the impact of illegal strikes. Tuesday , 15 Jan 2013
Iron ore prices slipped further after hitting 15-month highs last week as buying interest from top importer China eased. Tuesday , 15 Jan 2013
Rio Tinto said on March 26 it was considering selling its diamond assets because the mines no longer fit its strategy. Tuesday , 15 Jan 2013
Prices soared on Monday, hitting three-month highs and closing in on parity with gold after a supply squeeze in the metal critical to automakers. Tuesday , 15 Jan 2013
A Bakrie decision to dig in as a result of changes proposed by Nat Rothschild and his supporters could delay efforts by the company's board to split with the Indonesian family. Tuesday , 15 Jan 2013
The state miner plans to build a $1.5 billion plant to process the output from two copper mines with an estimated 5 million tonnes of ore. Monday , 14 Jan 2013
The gold miner says its mines in Mali were operating normally despite the state of emergency declared on Friday as government forces battled to hold back al Qaeda-linked Islamist fighters. Monday , 14 Jan 2013
A recent rally in palladium is likely to run into headwinds in coming months as its higher prices attract a load of stockpiled and recycled metal onto the market. Monday , 14 Jan 2013
Two security guards were killed in an ambush at the Escobal silver mine in Guatemala on Saturday, says Tahoe Resources. Monday , 14 Jan 2013
CEO Alex Mhembere says the company is on track to complete the expansion of a recovery plant on schedule in April. Monday , 14 Jan 2013
A mid-year decline in the price of coal, its biggest export product, was the largest reason for the slowdown from 2011?s record 17.3% pace of expansion. Monday , 14 Jan 2013
Sonami added it sees copper output reaching 5.8 million tonnes this year, which would be a significant jump from 2012's estimated 5.4 million tonnes. Monday , 14 Jan 2013
A person familiar with the matter says Amplats is likely to sell or shut its Union mine as part of a review of its platinum business by parent Anglo American. Monday , 14 Jan 2013
Traders are however awaiting the outcome of a review of mining operations at number one platinum miner Amplats by its parent company Anglo American. Monday , 14 Jan 2013
Harry Winston is selling its high-end watches-to-necklaces division to Swatch in a $750 million cash deal that expands the Swiss watchmaker's luxury offering. Monday , 14 Jan 2013
Altona may sell its Roseby copper project in Queensland or seek to merge itself with another firm after Xstrata decided not to buy into the project.

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Source: http://www.mineweb.com/mineweb/content/en//mineweb-fast-news?oid=170119&sn=Detail

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