Tag Archives: rises

South African output rises as AngloGold delivers at lower cost


JOHANNESBURG (miningweekly.com) – The smaller South African footprint of gold-mining company AngloGold Ashanti, consisting of one underground mine and one tailings treatment operation on surface, delivered impressive first-quarter results with rising production and reduced rand-denominated costs.

Production rocketed 29% at Mponeng, the world’s deepest mine, where all-in sustaining costs (AISC) in rands fell by 14%, and production at surface material treatment operation Mine Waste Solutions jumped 17% and AISC declined by 5%.

Speaking to journalists in an early morning media conference, outgoing AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) said debt is down 14% to $1.77-billion and cash flow from operating activities up 26% to $117-million.

With margins rising to 23% from…

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Death toll in South African mining accident rises to 7


JOHANNESBURG — A mining company in South Africa says seven workers died and six were rescued after an earth tremor caused a rock fall at a gold mine.

The Sibanye-Stillwater company said Saturday that 13 miners had been trapped at the Masakhane mine in Driefontein after the 2.2-magnitude quake on Thursday.

The company says the six who were rescued are in stable condition in a hospital. It says the company, the South African mining ministry and others will investigate the incident so that preventive measures can be put in place.

South African labor officials have expressed concern about the safety record at Sibanye-Stillwater facilities. Earlier this year, about 1,000 miners were trapped at another Sibanye-Stillwater gold mine for…

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Death toll rises to four at South African gold mine


A mine operator, Sibanye-Stillwater, said that 10 of 13 miners trapped underground at its South African gold mine were rescued but four of the 10 have died from injuries.

The miners were trapped at the company’s Masakhane mine west of Johannesburg on Thursday after an earthquake caused a cave-in.

Five of 13 miners were rescued on Thursday but one of them had died.

Sibanye-Stillwater said in an updated statement that six of the rescued employees had been taken to hospital and another had been located, while two employees remain unaccounted for.

A further update will be provided when more information is available, it said.

South Africa is home to the world’s deepest mines.

More than 1,000 mineworkers were rescued after being trapped underground for more than 24 hours.

They…

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Death Toll in South African Mining Accident Rises to 7 


A mining company in South Africa said Saturday that seven workers had died and six had been rescued after an earth tremor caused a rock fall at a gold mine.

The Sibanye-Stillwater company said 13 miners were trapped at the Masakhane mine in Driefontein after the 2.2-magnitude quake Thursday.

The company said the six who were rescued were in stable condition in a hospital. It said the company, the South African mining ministry and others would investigate the incident so that preventive measures could be put in place.

South African labor officials have expressed concern about the safety record at Sibanye-Stillwater facilities. Earlier this year, about 1,000 miners were trapped at another Sibanye-Stillwater gold mine for nearly a day after a power failure.

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

Death toll in South African mining accident rises to 7


A mining company in South Africa says seven workers died and six were rescued after an earth tremor caused a rock fall at a gold mine.

The Sibanye-Stillwater company said Saturday that 13 miners had been trapped at the Masakhane mine in Driefontein after the 2.2-magnitude quake on Thursday.

The company says the six who were rescued are in stable condition in a hospital. It says the company, the South African mining ministry and others will investigate the incident so that preventive measures can be put in place.

South African labor officials have expressed concern about the safety record at Sibanye-Stillwater facilities. Earlier this year, about 1,000 miners were trapped at another Sibanye-Stillwater gold mine for nearly a day after a power failure.

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

Death toll in South African mining accident rises to 7



It says the company, the South African mining ministry and others will investigate the incident so that preventive measures can be put in place. South African labor officials have expressed concern about the safety record at Sibanye-Stillwater facilities. Earlier this year, about 1,000 miners were trapped at …
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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.