South Africa Tag

AngloGold Ashanti (JSE:ANG) has cautioned that it may have to cut up to 8,500 workers in South Africa, up to 30% of its workforce. The world’s third largest gold producer revealed it was considering the possibility of a considerable cut to its workforce in a company...

South Africa-focused miner Lonmin (LSE:LMI) will move its head offices from Johannesburg to its Marikana operations in a cost-cutting strategy. The platinum producer reported a half year operating loss of US$199 million, compared to a loss of $21 million the previous year, as the firm was...

South African mining production grew strongly in Q1 2017 according to the latest report from the South African Chamber of Mines. Based on data released by Statistics South Africa, mining production showed March growth was up nearly 4% compared to figures for February. The total numbers for...

Shareholders of Sibanye Gold have approved the company’s US$2.2 billion buyout of US-based Stillwater Mining, which was agreed back in December 2016. Following a recent shareholder meeting, the South African miner announced that 82% of the firm’s shareholders voted in favour of the deal. This conclusive vote...