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Eskom was the 'main stage in the theatre of corruption', says Mabuza 

By: African News Agency      22nd February 2019 Eskom chairperson Jabu Mabuza told the Zondo Inquiry on Friday that the current board of directors discovered that the power utility was "the main stage in the theatre of corruption" when it was appointed in January 2018. Asked by evidence leader Vincent Maleka to detail the state of affairs when... 

Eskom was the 'main stage in the theatre of corruption', says Mabuza
Photo by Creamer Media
Eskom chairperson Jabu Mabuza

Acid truck collison near Glencore mine in the DRC kills 20 people

By: Creamer Media Reporter      22nd February 2019 About 20 people were killed when a truck transporting acid to Mutanda Mining owned by Glencore in the Democratic Republic of Congo collided with two people carriers about 50km from the site. The acid truck was heading to the copper and cobalt operation near Kolwezi in the southeast of the country. 

AMCU strike action further undermines struggling gold, platinum sectors – Minerals Council 

By: Marleny Arnoldi     22nd February 2019 The Minerals Council South Africa on Friday expressed its concern about the consequences of Association of Mineworkers and Construction Union’s (AMCU’s) planned secondary strikes at mining companies where the union is recognised in the gold and platinum sectors. Fifteen companies have, so far,... 

AMCU strike action further undermines struggling gold, platinum sectors – Minerals Council
Minerals Council South Africa Roger Baxter

Barrick confirms it has studied offer for Newmont

By: Bloomberg     22nd February 2019 Barrick Gold, the world’s second-largest gold producer, confirmed it has considered a bid for Newmont Mining Corp. as the Canadian mining giant looks for ways to boost production. Barrick has reviewed the opportunity to merge with Newmont in an “all-share nil premium transaction,” but no... 

Barrick confirms it has studied offer for Newmont
Barrick Gold CEO Mark Bristow

Gloria coal mine death toll rises to 18

By: African News Agency      22nd February 2019 Rescue and body retrieval workers on Friday afternoon brought to the surface 13 more bodies of suspected copper cable thieves from the underground area at Gloria coal mine near Middelburg in Mpumalanga, provincial police spokesman Brigadier Leonard Hlathi said. “The workers could not continue... 

BlueRock sells two D-colour Kareevlei diamonds

By: Tasneem Bulbulia     22nd February 2019 Aim-listed BlueRock Diamonds has sold the 8.97 ct diamond and the 16.28 ct diamond, that it recovered earlier this month at its Kareevlei diamond mine, in the Kimberley region of South Africa. The 8.97 ct diamond achieved a price of $8 306/ct, valuing it at $74 513, while the 16.28 ct diamond... 

Barrick's Thornton puts Newmont in check in gold takeover game

By: Mariaan Webb     22nd February 2019 John Thornton, an ex-investment banker at the center of a wave of consolidation in the gold space, has just put his largest rival on the defensive. Thornton is executive chairman at Barrick Gold Corp, the world’s second-largest gold producer. On Friday, Barrick confirmed it is considering... 

Barrick's Thornton puts Newmont in check in gold takeover game
John Thornton

Gemfields unveils new $15m automated ruby sort house in Mozambique

By: Tasneem Bulbulia     22nd February 2019 Gemfields on Friday unveiled a new ruby sort house near its Montepuez ruby mine (MRM), in Mozambique. The gemstone miner noted in a statement that the sort house, in which it invested $15-million, was the first of its kind for the gemstone industry and would be on par with the best diamond... 

Lucara records strong 2018 operational performance at Karowe mine

By: Tasneem Bulbulia     22nd February 2019 Lucara Diamonds’ Karowe mine, in Botswana, achieved a strong operational performance in 2018, meeting or exceeding guidance in all areas, the company said on Thursday. Tonnes mined for the year ended December 31, 2018, reached 18.1-million, in line with guidance of 15.5-million to 18.7-million... 

Fourteen NGOs oppose LME plans to ban tainted cobalt

By: Reuters     22nd February 2019 Fourteen non-governmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed. Cobalt is a key ingredient in the batteries that power electric vehicles, a... 

Eldorado Gold aims for 500 000 oz next year

By: Mariaan Webb     22nd February 2019 Canada-headquartered Eldorado Gold is well positioned to grow its yearly production to more than half-a-million ounces next year, supported by the restart of mining and heap leaching at Kisladag and continuing the momentum of Lamaque. The company grew its production to 349 147 oz of gold in... 

Eldorado Gold aims for 500 000 oz next year
The Lamaque mill, in Canada.

Crusader MD and chair step down from board as Copulos returns

By: Mariaan Webb     22nd February 2019 ASX- and Aim-listed Crusader Resources announced on Friday that MD Marcus Engelbrecht and chairperson Andrew Vickerman would step down from the board and that former chairperson Stephen Copulos would return as director. The resignation of Engelbrecht and Vickerman, who succeeded Copulos when the... 

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