http://www.miningweekly.com
R/€ = 14.49 Change: -0.01
R/$ = 11.74 Change: -0.07
Au 1339.51 $/oz Change: -7.57
Pt 1007.00 $/oz Change: -6.11
 

Africa News

South Africa falls to small percentage of AngloGold output 

By: Martin Creamer     Updated 58 minutes ago South African gold mines now represent around 13% of the AngloGold Ashanti portfolio, AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) said on Tuesday. Stronger year-on-year operating performance from the international operations helped to more than offset a lower output from South Africa. 

Kabila yet to sign new mining code as deadline nears

By: Reuters     Updated 1 hour 8 minutes ago Democratic Republic of Congo's President Joseph Kabila has not yet signed into law a new mining code, a senior aide said on Tuesday, as international mining companies wage a last-ditch lobbying effort against the measure. The comments by Jean-Pierre Kambila, Kabila's deputy chief of staff, come... 

Congo seeks relief talks with oil traders over $2bn debt

By: Reuters     Updated 3 hours ago Congo Republic is set to become the latest African country to start debt relief talks with trading houses after borrowing $2-billion from merchants such as Trafigura and Glencore but now finding its debt levels unsustainable, sources familiar with the matter said. Trading houses regularly lend... 

After 2017 consolidation, mining to pre-empt future metals demand – EY

By: Schalk Burger     Updated 3 hours ago With stronger balance sheets across the mining and metals sector, miners are increasingly returning to an investment-led strategy, which is driving a renewed focus on building portfolios that deliver sustainable shareholder returns, says multinational consultancy Ernst & Young (EY). The focus... 

After 2017 consolidation, mining to pre-empt future metals demand – EY

Contractors start FEED study at Stellar’s Sierra Leone project

By: Creamer Media Reporter      Updated 5 hours ago The front-end engineering and design (FEED) study for the underground mine development at Aim-listed Stellar Diamonds’ Tongo-Tonguma project, in Sierra Leone, is now under way. Stellar on Tuesday said a team of five consultants from contractors Paradigm Project Management (PPM) and SRK Consulting... 

New Toyota magnet cuts dependence on key rare earth metal for EV motors

By: Reuters     Updated 5 hours ago Toyota Motor Corp has found a way to reduce the amount of a key rare earth metal used in magnets for electric car motors by around 20%, which could tame the cost of producing electric cars and reduce the risk of a supply shortage of materials needed for their production. The Japanese automaker... 

Ramaphosa should shift to green energy – Greenpeace

By: News24Wire      Updated 7 hours ago Environmental organisation Greenpeace is demanding newly-elected President Cyril Ramaphosa takes urgent action on energy policy in South Africa. Ramaphosa delivered his maiden State of the Nation Address (SoNA) on Friday, when he highlighted economic growth and combating corruption. 

Moab Khotsong deal concluded

By: Megan van Wyngaardt     Updated 7 hours ago Harmony Gold on Tuesday said all conditions precedent to its acquisition of Moab Khotsong from AngloGold Ashanti had been met and that the transaction would become effective on March 1. "The integration of Moab Khotsong will enhance the quality of our portfolio and boost our cash flows," said... 

Deadly mines linked to child labour thrive in rush for batteries

By: Bloomberg     20th February 2018 The appetite for electric cars is driving a boom in small-scale cobalt production in the Democratic Republic of Congo, where some mines have been found to be dangerous and employ child labour. Production from so-called artisanal mines probably rose by at least half last year, according to the... 

Implats expects to narrow H1 losses

By: Creamer Media Reporter      19th February 2018 Impala Platinum (Implats) expects to narrow its headline loss a share for the six months ended December 31 to between 17c and 26c, compared with the headline loss a share of 71c reported for the six months to December 31, 2016. Its loss a share is also expected to improve to a loss of between 19c... 

Sibanye-Stillwater’s gold, platinum reserves decrease

By: Dylan Slater     19th February 2018 Precious metals producer Sibanye-Stillwater on Monday reported that its South African gold reserves had decreased by 10% year-on-year to 25.74-million ounces as at December 31, while its total platinum, palladium, rhodium and gold, or 4E, platinum group metal mineral reserves had declined by 4%... 

Eskom board called on to prove utility not trading recklessly

By: Terence Creamer     19th February 2018 The Institute for Accountability in Southern Africa has written to Eskom chairperson Jabu Mabuza requesting a detailed written explanation as to why the current board believes the State-owned utility can be rescued from its current financial distress, cautioning that Eskom may currently be... 

Eskom board called on to prove utility not trading recklessly
Accountability Now director advocate Paul Hoffman

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell 

By: Martin Creamer     19th February 2018 The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine on the planet when it gushed cash and elevated a modernising, community supporting, environment protecting, growth studying and fuel-cell marketing Anglo American Platinum... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell
Anglo American Platinum CEO Chris Griffith delivers 2017 results covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Xtract concludes Manica hard rock collaboration agreement

By: Simone Liedtke     19th February 2018 The board of London-based diversified metals and minerals producer Xtract Resources has concluded a further collaboration agreement with Omnia Mining for the exploitation of the hard rock gold deposits at Xtract's Manica mining concession in Mozambique. This, however, excludes the hard rock gold... 

Mining communities celebrate as High Court orders their involvement

By: African News Agency      19th February 2018 There were celebrations at the High Court in Pretoria on Monday after a ruling compelled the South African government and the Chamber of Mines -- which represents producers in the mining sector -- to involve communities living in mining areas, in the ongoing discussions over the controversial... 

 Mining communities celebrate as High Court orders their involvement

Orion reveals encouraging results from drilling at Prieska project

By: Simone Liedtke     19th February 2018 ASX- and JSE-listed Orion Minerals on Monday announced further encouraging results from drilling at the company's Prieska zinc/copper project, in the Northern Cape. Drill hole OCOD087_D2, drilled on the south-west margin of the NW Trough Target, intersected 14 m of mineralised massive sulphide... 

Mines pledge to assist RAL with provincial road infrastructure delivery projects

By: Simone Liedtke     19th February 2018 Provincial road infrastructure delivery agency Roads Agency Limpopo (RAL) has identified four opportunities for potential future strategic partnerships, which are valued at an estimated R1.12-billion, based on a preliminary technical assessment. This follows the RAL's stakeholder engagement and... 

West Wits aims for higher gold production in South Africa

By: Simone Liedtke     19th February 2018 ASX-listed exploration and development company West Wits Mining is in the process of applying for two mining permits, which should enable the company to significantly increase gold production from its Witwatersrand Basin project (WBP) in the fourth-quarter of the calendar year. The company... 

Black Mountain to sell Uganda mine as part of strategic restructuring

By: Simone Liedtke     19th February 2018 Vermiculite miner Black Mountain Resources on Monday updated shareholders on restructure initiatives that have been agreed to by the company and its major lender Richmond Partners Masters. These initiatives, which are subject to shareholder approvals, formal documentation and regulatory sign off,... 

Bauba launches Moeijelijk underground chrome development

By: Anine Kilian     19th February 2018 JSE-listed Bauba Platinum officially launched the underground development phase of its Moeijelijk chrome mine, in Limpopo, on Friday. Speaking to Mining Weekly Online, CEO Nick van der Hoven said the mine, which is set to create about 400 direct and indirect jobs by December, has already started... 

Bauba launches Moeijelijk underground chrome development
Photo by Duane Daws
Bauba CEO Nick van der Hoven

Amplats restores dividend, productivity soars, six die

By: Martin Creamer     19th February 2018 Six employees died in a year in which Anglo American Platinum (Amplats) chalked up R2.4-billion in free cash flow generated from its operations, doubled return on capital employed to 18% and reintroduced a cash dividend for the first time in seven years. Productivity has soared by 58% since 2012... 

Amplats restores dividend, productivity soars, six die
Photo by Duane Daws
Amplats CEO Chris Griffith and FD Ian Botha

Acacia considers selling stake in Tanzania operations

By: Schalk Burger     19th February 2018 Tanzanian gold miner Acacia Mining is considering the possible sale of a stake in some or all of its Tanzanian operations. “The company is engaging with a small number of potential investors, the process remains at a very early stage and there can be no certainty that an agreement will be... 

Zimbabwe, Botswana set to sign diamond deal – report

By: News24Wire      19th February 2018 Zimbabwe is reportedly set to sign a diamond processing deal with Botswana within the next three months, after President Emmerson Mnangagwa met with his counterpart, President Ian Khama, this week in Gaborone. According to the state-owned Herald newspaper, Mnangagwa was in Botswana on a state visit. 

Glencore, Randgold form group to challenge Congo law changes

By: Bloomberg     19th February 2018 Glencore and Randgold Resources are among major mining companies in the Democratic Republic of Congo clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly served by the existing industry body. In a letter sent to Congolese President Joseph Kabila on... 

Mining sector unloved as investors find it hard to trust

By: Reuters     17th February 2018 Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive development projects that left them empty handed. A decade-long commodity boom coincided with years of economic growth when China took... 

Jobs summit announced as Ramaphosa delivers message of ‘hope and renewal’

By: Terence Creamer     16th February 2018 President Cyril Ramaphosa, who sought to align his nascent presidency as closely as possible with that of President Nelson Mandela in his inaugural State of the Nation (SoNa) address on Friday night, announced that a jobs summit would be convened in the coming months to allow social partners to... 

Jobs summit announced as Ramaphosa delivers message of ‘hope and renewal’
President Cyril Ramaphosa

South32 appoints chief technology officer

By: Simone Liedtke     16th February 2018 Vanessa Torres, who has over 25 years of experience in the mining and metals sector, has been appointed chief technology officer at diversified miner South32. "We see technology as a key enabler in driving safety and production improvements at our operations, and Vanessa's knowledge and... 

High Court to hear communities' arguments against Mining Charter on Monday

By: Simone Liedtke     16th February 2018 Mining community networks, which will represent over 150 activists and community-based organisations, will be in the Pretoria High Court from Monday next week to challenge the Mining Charter published by the Department of Mineral Resources in June last year. Mining Affected Communities United in... 

Yanfolila ramp-up on track - Hummingbird

By: Simone Liedtke     16th February 2018 Since first gold was poured at Aim-listed Hummingbird Resources' Yanfolila gold mine, in Mali, on December 19, the mine has steadily been ramping up towards full production, in line with the company's planned schedule. "I am pleased that activity on site is steadily progressing as per the ramp-up... 

Mining mechanisation could create ‘massive’ employment challenges – Harwood

By: Nadine James     16th February 2018 Despite positive sentiment and improving commodity prices, the African mining industry continues to face immense challenges, says Montero Mining and Exploration CEO Dr Antony Harwood. Addressing the African Mining Network’s (AMN’s) thirty-ninth networking dinner, on Thursday evening, he touched... 

Mining mechanisation could create ‘massive’ employment challenges – Harwood
Photo by Duane Daws
ANTONY HARWOOD Fear of the other could become fear of the robot

Leon expects mining industry to have a future under Ramaphosa’s Presidency

By: Nadine James     16th February 2018 Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery. In a speech to the British Chamber of Business in South Africa on Thursday evening, he... 

Leon expects mining industry to have a future under Ramaphosa’s Presidency
Photo by Duane Daws
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon

Gold, platinum miners bolster business, operational plans 

     16th February 2018 It’s been an exciting week for some gold and platinum miners, with plans to improve business and operations. Mining Weekly editor Martin Creamer unpacks the headlines. 

Gold, platinum miners bolster business, operational plans
Gold, platinum miners bolster business, operational plans.

Birimian settles tax issues through full disclosure

By: Schalk Burger     16th February 2018 ASX-listed lithium and gold exploration company Birimian has settled with the Australian Tax Office (ATO), which waived all penalties in relation to tax obligations after the Mali-focused company made voluntary disclosures of all its financial statements since August. The penalties were in... 

Newcrest expects output to grow as shakes off disruptions

By: Bloomberg     16th February 2018 Australia's top gold miner, Newcrest Mining, expects output to grow in the coming months as its flagship site gradually ramps up after operations there were hit by an earthquake last year, its chief executive said on Friday. That comes a day after the company reported a 58% slide in underlying... 

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 Gobal equity markets have been extremely volatile in recent weeks, extending a frantic sell-off of US stocks, which culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

Contract duration key to hybrid-power-for-mines investment case

By: Terence Creamer     15th February 2018 Alignment between a mine’s life and the tenor of a power purchase agreement (PPA) has been held up as the main consideration for those mining operations considering investments into hybrid power solutions, which combine renewable energy and battery storage with gas or diesel generators. Speaking... 

Contract duration key to hybrid-power-for-mines investment case
The hybrid installation at the DeGrussa copper-gold mine in Western Australia

Botswana Diamonds undertakes scoping study at Thorny River

By: Megan van Wyngaardt     15th February 2018 Aim-listed Botswana Diamonds has started a scoping study to determine the commercial potential of the Thorny River diamond project, which is a consolidation of the Frischgewaagt, Hartbeesfontein and Doornrivier properties, in Limpopo. The six-month study will further refine the volumes of... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Latest News: Australasia

more

Latest News: Americas

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close