Lonmin’s wage deal fuels more unrest in South Africa
While Lonmin (LMI-L) has ended a bloody labour dispute at its Marikana platinum mine near Rustenburg in South Africa that left 46 dead, other miners in the country are demanding higher wages.
Volume 98 Number 33 Oct 1 - 7, 2012
Correction
In the article “Pretium cuts Brucejack’s resource” (T.N.M., Sept. 24–30/12), it was incorrectly stated that the company had a 24,000-metre drill program with six rigs at the project. In fact, Pretium has a total 100,000-metre…
Commentary: The new US rules for ‘conflict minerals’ and their impact on miners
On Aug. 22, 2012, the U.S. Securities and Exchange Commission adopted a final rule establishing new disclosure and reporting obligations on companies whose products contain so-called “conflict minerals.” This new disclosure requirement will…
Editorial: South Africa on the brink?
Post-apartheid South Africa has provided duelling optimists and pessimists with plenty of fodder to back up their long-standing positions. There have been unabashed triumphs — such as the country’s avoidance of Zimbabwe-style…
Cameco picks up BHP’s Yeelirrie in WA
It appears that Cameco(CCO-T, CCJ-N), Canada’s major uranium power, is viewing a downswing in uranium markets as an opportunity to diversify its project portfolio, and acquire another foothold in Australia.
Alpha closes mines, cuts 9% of workforce
Alpha Natural Resources (ANR-N), the number-two coal miner in the U.S., may have its credit ratings lowered by Standard & Poor’s after curbing production and shutting eight coal mines, to stay profitable as demand drops.
Blackwater PEA drives New Gold higher
A preliminary economic assessment of New Gold’s (NGD-T) Blackwater gold project in central B.C., 112 km southwest of Vanderhoof, suggests it should generate robust economic returns, even at a gold price that is US$500 per oz. below where…
B2Gold aims to grow via CGA bid
Gold miner B2Gold (BTO-T) looks to be banking on its proven ability to operate in difficult locales, as it moves forward with a US$1.1-billion, all-stock friendly bid for Australia’s CGA Mining (CGA-T, CGX-A), and its Masbate gold mine in…