Johannesburg (/dʒoʊˈhænᵻsbɜːrɡ/; Afrikaans:[joˈɦɐnəsbœrχ]; also known as Jozi, Jo'burg, eGoli, and Joeys, and abbreviated as JHB) is the largest city in South Africa. It is the provincial capital of Gauteng, which is the wealthiest province in South Africa. The city is one of the 50 largest urban agglomerations in the world, and is also the world's largest city not situated on a river, lake, or coastline. The city was named and established in 1886 following the discovery of gold on what had been a farm. The city is commonly interpreted as the modern day El Dorado due to the extremely large gold deposit found along the Witwatersrand The name is attributed to one or all of three men involved in the establishment of the city. In ten years, the population was 100,000 inhabitants. While Johannesburg is not one of South Africa's three capital cities, it is the seat of the Constitutional Court, which has the final word on interpretation of South Africa's constitution as well as with issues in connection with constitutional matters. The city is the source of a large-scale gold and diamond trade, due to its location on the mineral-rich Witwatersrand range of hills.
Known as the Transvaal Observatory until 1912, it became the Republic Observatory in 1961. Well remembered for the quality of its Directors, work done on minor planets and the discovery of Proxima Centauri, growing light pollution problems in Johannesburg led to its closure in 1971-1972.
Excluding crude oil, SA is the wealthiest mining jurisdiction in the world, with a non-energy mineral reserve value of more than $2.4-trillion ... The SA mining sector reflects this dynamic — AngloGold Ashanti has sold its last SA asset, while other firms are reconsidering their Johannesburg listings.
’’With the new tariff agreed, Hillside remains competitively positioned on the global smelter cost curve, with operating unit costs for FY21 (full year 2021) reflecting the higher power charges from the new agreement incurred since August 1 last year,” the mining firm announced on the JohannesburgStock ExchangeNewsService on Friday.
Ivanhoe inked a deal in June to sell each of the Chinese companies 50% of the copper production from the recently-launched first phase of the DRC mine ... Biggest copper mine in decades ... After several phases of expansion, the mine’s peak annual copper production will be more than 800,000 tonnes.
There is a scene in which John Kumalo makes a speech about the South African labour situation and the decent compensation of workers in the mining industry that is particularly significant. While the speech is directed at the gold mining industry of Johannesburg, this may be argued of any current South African business.
AngloGold, which already owns 19.5% of Corvus, is pursuing the takeover as part of its strategy to grow reserves and build low-cost production, the Johannesburg-based firm said Tuesday in a statement ... AngloGold's stock closed 2.7% higher in Johannesburg.
JOHANNESBURG (Reuters) – South Africa’s mines recorded 32 deaths in the first half of 2021 compared with 24 during the same period in 2020, the mines ministry said on Thursday, continuing a spike in deaths which began last year in some of the world’s deepest mines.
The WesternRegional Minister, Kwabena Okyere Darko-Mensah, said Maps and necessary documentation were undertaken to ascertain suitability, adding “The Sector responsible has approved, therefore, Mine responsibly and develop your communities like Johannesburg and other beautiful places around the world.”.
Johannesburg— A doctor said Anglo American was aware of the danger lead poisoning posed to employees and commissioned a study into its impact in a community close to a Zambian mine where he worked ... The lawsuit was filed in SA because at the time of the mine’s operation Anglo was headquartered in Johannesburg.
The firms said evidence they have from the Zambian state mining archives shows the documents would have been copied to Anglo’s then head offices in Johannesburg... The lawsuit was filed in South Africa because at the time of the mine’s operation Anglo was headquartered in Johannesburg.
It’s also been helped by skepticism about the long-term future of coal, which is curbing investment in new mines ... “If these higher prices are sustained, Thungela looks attractive at these levels,” said Prince Mopai, a mining analyst at All Weather CapitalLtd., in Johannesburg.
But in his last days on the job, Glasenberg made one last coal deal, spending $588 million (around R8.5 billion) buying out the partners in the Cerrejon mine in Colombia. His parting act shows why expectations of coal's swift demise are likely to be confounded and how mining the black stuff could remain vastly profitable for years to come.