Tag Archives: mines

75% of South African gold mines unprofitable – mineral council

South Africa’s 140-year-old gold industry – which was once the world’s largest – is now facing a major crisis. The country’s mineral council says 75 percent of gold mines are unprofitable or barely making money. The announcement comes as the sector enters wage talks with its employees. Around 200 employer and employee representatives are set to start the negotiations on ...

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Scores of NATO-made mines found amid massive ammo cache in Syria’s Douma (VIDEO)

Hundreds of mines, some said to originate from NATO countries, as well as scores of mortar shells and frag grenades have been retrieved by Syrian sappers in the town of Douma. The mine-clearing effort was caught on camera. A stunning amount of projectiles, among them land mines, hand grenades and mortar shells, were recorded strewn on the ground in Douma, ...

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South Africa may enforce law on black ownership of mines

South Africa’s Department of Mineral Resources has filed an application reportedly seeking to make the country’s laws on black ownership of mines stricter, by making black-owned stakes permanent. Under the current legislation in the country’s mining charter, white owners of mining companies are obliged to sell at least 26 percent of their companies to new black owners. Read more However, ...

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