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New London gold 'fix' administrator to be in place by end-2014

The operator of the gold price "fix" said on Tuesday the process to find a new administrator for the century-old benchmarking system will last one month from late August, and will be working by the end of 2014. London Gold Market Fixing Ltd...
29th July 2014

Push to flood iron-ore market crushes smaller suppliers

A faster-than-expected increase in iron-ore production by the world's biggest miners in Australia and Brazil this year is pushing less efficient smaller suppliers of the steel-making raw material to the edge. From Europe to Australia to the...
29th July 2014

London gold fix company appoints committee to oversee benchmark

The company operating the gold price 'fix' has appointed a supervisory committee to oversee the century-old system of benchmarking gold prices ahead of the implementation of stricter regulations, its website showed on Friday. The London Gold...
25th July 2014
News This Week

Rhodes memorial debate

From time to time, a debate flares up among the University of Cape Town’s student body about whether or not the statue of pioneering mining magnate and British imperialist Cecil John Rhodes should be removed from the university’s Groote Schuur...
25th July 2014

Colombian coal mine mechanics to continue talks Weds to end strike

Talks between mechanics at Colombia's largest coal mines, contractor Dimantec and the labour ministry will continue on Wednesday in an effort to end a 13-day strike, a union leader said. The meeting is set to begin at 10:00 am (15:00 GMT) in the...
24th July 2014

Colombian mine mechanics, gov't to seek end to 12-day strike

Mechanics at Colombia's largest coal mines will meet on Tuesday with contractor Dimantec and representatives from the labour ministry in an effort to negotiate an end to a 12-day strike. The 3 500-strong mechanics group is demanding improved pay,...
22nd July 2014

Kumba revenue up on rand weakness, dividend maintained

The operational profit of JSE-listed Kumba Iron Ore fell 14% in the six months to June 30 on lower exports and the cost of increased mining activities. But revenue was up mainly on currency weakness and Kumba maintained its interim cash dividend...
22nd July 2014
Company Announcement

Will Mining Disappear in the next decade? PDF Available

A piece of recent media coverage suggested that with the global mining industry in decline over the last twenty years, this might signal the complete degeneration of the industry by 2024! WRS, a recruitment specialist for the industry sees some...
21st July 2014

IFM achieves record output, cost pressures bite

Despite a low ferrochrome pricing environment and rising cost pressures, International Ferro Metals (IFM) CEO Chris Jordaan is confident that the company will achieve another year of improved financial performance. The ferrochrome producer on...
17th July 2014

Colombia coal mechanics' strike in 6th day, no impact on Cerrejon

Mechanics at Colombia's largest coal mines remained on strike for a sixth day, a union leader said on Monday, but the country's biggest coal miner Cerrejon said the stoppage had not disrupted its operations. Felix Herrera, president of the...
14th July 2014
Company Announcement

ExecuJet Africa expands helicopter charter fleet

ExecuJet Africa is expanding its helicopter charter fleet with the addition of a Bell 230 helicopter in partnership with Acher Aviation, leaders in off-shore helicopter operations. The 10-passenger Bell 230 helicopter is fully IFR (Instrument...
14th July 2014

Mechanics at Colombia coal mines strike, could hit output – union

Mechanics at Colombia's main coal mining companies, including Cerrejon and Drummond, went on strike over pay and conditions on Wednesday, a stoppage that will affect output if it continues long enough, a union leader told Reuters. The roughly 3...
10th July 2014
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