Mining

Anglo American Platinum (Amplats), a subsidiary of London-based Anglo American plc (LSE:AAL) and top supplier for the world’s demand for platinum, has offered to reinstate the 12,000 employees it dismissed less than three weeks ago, following a loss of over a hundred thousand ounces of the precious metal since the strike ensued at its mines. […]

Seventy-two percent is an interesting number.  Just say the words “seventy percent” and most people will envision in their minds a large portion of something good.  The number means something entirely different on a report card.  It conveys a sort of mediocrity.  If that report card is a corporate quarterly report and the 72% is […]

A day after the global mining powerhouse Anglo American plc (LSE:AAL) reported its production performance for the third quarter of 2012, the firm’s female CEO, Cynthia Carroll, declared she is stepping down from the post she held since 2007, a decision investors and market watchers cannot help thinking whether it is related with the recent […]

The world’s largest supplier of platinum said production of the expensive material used in reducing carbon emission for the current year will be lower than previously estimated as work stoppage that hit the group’s mining operations in South Africa took a chunk of its production for the third quarter of the year and in October. […]

Following months of negotiations, Sylvania Platinum Limited (LSE:SLP) has agreed to a wage settlement with the National Union of Mineworkers (NUM), which represented the platinum producer’s workers at its Eastern operations in the labour unrest-filled Rustenburg mining district in South Africa, in a bid to pre-empt any potential disruption arising from demands of pay increases. […]

Shares in Hochschild Mining (LSE:HOC) continued their upward trend this morning on the company’s third quarter results.  Up 5.00 pence to 515.50 from yesterday’s close by 10:30, the share price faded back to 512.50 by 14:00.  Though the stock has a pattern of spiking in both directions, still it is up 39% from 385.80 as […]

And so the screwing of Private Investors in AIM listed gold miner Shanta Gold (LSE:SHG) is completed. The company has today announced that it has raised $35 million (£21.8 million) in its bookbuild placing announced yesterday at 17p. The new investors will own 38% of the equity. We plebs have been rogered, we feel sore […]

Members of the Brisbane (Australia) Mining Club listened attentively today as Marius Kloppers, CEO of BHP Billiton (LSE:BLT) reported record production numbers for his company, but warned that the record commodity prices the industry has enjoyed for the last 10 years are about to return to long-term levels.  The mining industry has enjoyed the benefit […]

A lot of disappointments hurled at Shanta Gold Limited (LSE:SHG) today as the company revealed it is nearly out of cash to keep itself afloat after a loan provider deferred commitment to provide funding, following the gold explorer’s poor production performance brought about by operational issues at its Luika mine in Tanzania. Shanta is now […]

Shares of Firestone Diamonds plc (LSE:FDI), listed on the Alternative Investment Market in London, were heavily traded today as the diamond exploration and development company said rare diamonds were found from its flagship mine in Lesotho, Africa, promising the company of a potentially diverse diamond assortment of high quality and size. Over 69 million shares […]