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Popular This Month

Eskom not generating enough cash to cover interest on debt – report

By: Terence Creamer     21st September 2017 A new report analysing Eskom’s financial position warns that the State-owned utility is simply not generating enough cash through operations and electricity sales to cover the interest on its borrowings, which will peak at around R500-billion in the coming three years. However, it also argues... 

Eskom not generating enough cash to cover interest on debt – report

Metminco gets go-ahead for underground ops

By: Esmarie Swanepoel     14th September 2017 Dual-listed Metminco has received approval from the Colombian environmental agency in the Department of Risaralda, to conduct underground development at its Miraflores gold project. The development approval will allow the company to expose the previously defined ore zones on multiple levels, up... 

Outa moves to freeze Gupta mines’ rehabilitation trust fund accounts

By: Creamer Media Reporter      21st September 2017 The Organisation Undoing Tax Abuse (Outa) plans to bring about an urgent interdict against the Bank of Baroda to freeze the R1.75-billion held in the Gupta-owned Optimum and Koornfontein coal mines’ rehabilitation trust fund accounts. The group on Thursday said in a statement that the interdict... 

Johnson Matthey to invest £200m in battery material technology

By: Reuters     21st September 2017 Johnson Matthey said it will invest an initial £200-million in expanding its battery material technology business from 2018, aiming to capitalise on growth in the electric vehicle market. The specialty chemicals company said the overall market "could be (worth) more than $30-billion (in) sales... 

Palladium-propelled US buy quickly paying its own way – Sibanye-Stillwater 

By: Martin Creamer     31st August 2017 Not only has the palladium price soared by 64% since Sibanye began discussions for the acquisition of Stillwater Mining, the world’s largest primary palladium producer, but the Stillwater operation itself has also performed well under its new owner. At current basket prices, Stillwater will pay... 

Palladium-propelled US buy quickly paying its own way – Sibanye-Stillwater

Expensive mine dump vegetation going up in flames – DRDGold 

By: Martin Creamer     5th September 2017 Surface mining company DRDGold, which has spent more money on vegetating tailings dams in the last ten years than it has paid dividends to shareholders, is seeing its dump vegetation effort going up in smoke at the same time as it comes under criticism from a leading nongovernmental organisation... 

Expensive mine dump vegetation going up in flames – DRDGold

Sandvik unveils new R15m local production facility, launches new LHD line 

By: Ilan Solomons     5th September 2017 Mining equipment and services provider Sandvik Mining and Rock Technology on Tuesday officially opened its new R15-million production unit in Boksburg. The opening of the new 1 500 m2 facility, which has ten production bays, coincided with the launch of the 5 t Sandvik LH115L low-profile load... 

Sandvik unveils new R15m local production facility, launches new LHD line

Chamber agrees to Minister's written undertaking

By: Martin Creamer     13th September 2017 The Chamber of Mines advises that, following an approach by legal counsel representing Mineral Resources Minister Mosebenzi Zwane, it has reached an agreement with him through his legal counsel in respect of the chamber’s urgent interdict to prevent the implementation of Mining Charter Three, as... 

Chamber agrees to Minister's written undertaking
Chamber of Mines CEO Roger Baxter

Unnurtured mining industry will disappear – Sibanye-Stillwater 

By: Martin Creamer     30th August 2017 An unnurtured South African mining industry will disappear, Sibanye-Stillwater CEO Neal Froneman warned on Wednesday, when he slated the regulator for allowing illegal mining activity to spiral out of control and for causing equity risk and the cost of capital to rise, placing mining companies at... 

Unnurtured mining industry will disappear – Sibanye-Stillwater

Mapochs mine to go under hammer for sale to highest bidder

By: Martin Creamer     4th September 2017 The Mapochs mine, which is in provisional liquidation with its mining right intact, is going under the hammer next Thursday, when it will be sold to the highest bidder. The mine, which supplied ore for the production of both steel and vanadium before Evraz Highveld Steel and Vanadium went into... 

Mapochs mine to go under hammer for sale to highest bidder
Mapochs mine

World's richest mines slipping from hands of multinationals

By: Bloomberg     5th September 2017 Outnumbered and outflanked, Freeport-McMoRan CEO Richard Adkerson made an about-face. Only months before, Adkerson had dismissed the idea of selling a majority stake in the Phoenix-based company’s flagship Indonesian copper-and-gold mine to local investors. But, seated beside government officials... 

World's richest mines slipping from hands of multinationals

Electric buses expected to spur platinum demand – Implats 

By: Martin Creamer     19th September 2017 Electric buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the... 

Electric buses expected to spur platinum demand – Implats
Photo by Duane Daws
Impala Platinum (Implats) group executive marketing Paul Finney

Northam initiates R100m tailings retreatment project 

By: Martin Creamer     28th August 2017 A new R100-million tailings retreatment project has been initiated by platinum-mining company Northam at its Booysendal South asset, acquired from Aquarius Platinum. The project, which involves hydromining and the reprocessing of the of the Booysendal South tailings storage facility (TSF), aims... 

Northam initiates R100m tailings retreatment project

South African Mines Minister unabashed over new Mining Charter

By: Esmarie Swanepoel     7th September 2017 South Africa’s Mineral Resource Minister Mosebenzi Zwane on Thursday stuck to his guns about the introduction of the much-maligned Mining Charter, telling a mining conference audience in Perth that it was the prerogative of the government to ensure policy and regulatory certainty. Zwane said at... 

South African Mines Minister unabashed over new Mining Charter
Photo by Bryan Charlton
South African Mineral Resources Minister Mosebenzi Zwane speaking at the Africa Downunder Conference, in Perth, Australia.

2 500 jobs at risk at lossmaking Impala Rustenburg

By: Martin Creamer     18th September 2017 South Africa’s second-largest platinum mining company has initiated a process that may lead to 2 500 staff reductions at its lossmaking Impala Rustenburg operation, where financial sustainability has deteriorated significantly in recent years.  The Johannesburg Stock Exchange-listed Impala... 

2 500 jobs at risk at lossmaking Impala Rustenburg
Photo by Duane Daws
Implats CEO Nico Muller

Rising prices signal end of ‘hand-to-mouth’ CREE market 

By: Henry Lazenby     22nd August 2017 Higher prices for critical rare earth elements (CREE) are marking a return of confidence to the industry and the end of the so-called “hand-to-mouth” market as users increasingly turn to contracting to secure long-term security of supply. “For several years users were unsure about the market... 

Rising prices signal end of ‘hand-to-mouth’ CREE market

Mining industry has lost faith in Minister Zwane – CoM

By: Esmarie Swanepoel     8th September 2017 The South African Chamber of Mines (CoM) on Friday told delegates at the Africa Downunder conference, in Perth, that the mining industry in South Africa had lost confidence in Mineral Resources Minister Mosebenzi Zwane and in the leadership of the Department of Mineral Resources (DMR). In a... 

Mining industry has lost faith in Minister Zwane – CoM
Photo by Bryan Charlton
Chamber of Mines CEO Roger Baxter speaking at the Africa Downunder conference, in Perth, on Friday.

AngloGold announces potential disposal of lossmaking Kopanang

By: Martin Creamer     15th September 2017 A memorandum of understanding (MoU) has been signed with a selected party which could result in a sale agreement involving the disposal of the 36-year-old, lossmaking Kopanang gold mine. AngloGold Ashanti said in a media release to Creamer Media’s Mining Weekly Online on Friday that unsolicited... 

AngloGold announces potential disposal of lossmaking Kopanang
Photo by Duane Daws
AngloGold Anshanti CEO Srinivasan Venkatakrishnan

Tailings-savvy DRDGold inviting collaboration, consolidation 

By: Martin Creamer     12th September 2017 Surface gold mining company DRDGold, the oldest company listed on the Johannesburg Stock Exchange with more experience than any other mining company in the recovery of gold from tailings dumps, believes that the time may have arrived for the transplanting of its remarkable expertise to other... 

Tailings-savvy DRDGold inviting collaboration, consolidation

Huge opportunity to create more demand for platinum – PGI 

By: Martin Creamer     23rd August 2017 The South African platinum industry has been investing in platinum jewellery for more than 45 years through the Platinum Guild International (PGI), which has turned platinum jewellery into an amazing South African asset. Of all the platinum demand levers, platinum in jewellery is the one that can... 

Huge opportunity to create more demand for platinum – PGI

Platinum, palladium, rhodium on 3-way price parity path – Northam 

By: Martin Creamer     25th August 2017 The platinum group metals (PGM) market may be heading for three-way price parity, Northam Platinum CEO Paul Dunne pointed out when the company presented a 60% rise in operating profit to R614-million in the 12 months to June 30, reflecting the benefits of the company’s growth strategy,... 

Platinum, palladium, rhodium on 3-way price parity path – Northam

Lossmaking operations will not be supported – Implats 

By: Martin Creamer     14th September 2017 South Africa’s second-biggest platinum mining company Impala Platinum (Implats) said on Thursday that it would no longer be supportive of lossmaking operations and was taking strong steps to bring about a cash neutral position at its major productivity-hit Impala Rustenburg platinum mine and... 

Lossmaking operations will not be supported – Implats
Photo by Duane Daws
Implats CEO Nico Muller

New EnviroLeach process poised to transform metals extraction as we know it

By: Henry Lazenby     6th September 2017 A small Vancouver-based start-up company has created a new environment-friendly chemical process with the potential to disruptively transform metal extraction in the mining and electronic waste (e-waste) sectors, akin to the application of cyanide for gold extraction, which revolutionised the... 

New EnviroLeach process poised to transform metals extraction as we know it
EnviroLeach expects to capitalise on recovering metals from e-waste – the fastest growing portion of municipal waste expected to grow to 50-million tons by 2020

Botswana Diamonds unearths potential discovery through public library

By: Dylan Slater     24th August 2017 Three obscure kimberlites in the Free State, near the origin of the South African diamond rush of the 1800s, have piqued the interest of diamond exploration and project development company Botswana Diamonds. Kimberlites are formed when volcanoes become extinct, with the potential of diamonds... 

Botswana Diamonds unearths potential discovery through public library
Photo by Duane Daws
James Campbell

Beech advises mining firms to prepare for implementation of Mining Charter 3

By: Dylan Slater     22nd August 2017 The implementation of the third iteration of the Mining Charter, or Mining Charter 3, in some form or another, is inevitable and mining companies should start the process of bringing their operations in line with the regulations set out in the charter, law firm Hogan Lovells mining head and... 

Beech advises mining firms to prepare for implementation of Mining Charter 3
Hogan Lovells mining head and partner Warren Beech

Chinese group buys auctioned Mapochs mine

By: Martin Creamer     15th September 2017 The provisionally liquidated Mapochs mine has been sold under the hammer to International Resources Limited (IRL) of China, BiddersChoice MD Pieter Geldenhuys confirmed to Mining Weekly Online on Friday. In February last year, the Evraz Highveld Steel and Vanadium business rescue practitioners... 

Chinese group buys auctioned Mapochs mine
The Mapochs mine

Acid mine water used to recover gold from dumps – DRDGold 

By: Martin Creamer     6th September 2017 Acid mine drainage (AMD), which is water that has been polluted as a result of mining activity, is being used to relieve the cost burden of the large volume of water needed to recover gold from mine dump material, as well as lower the demand placed on scarce drinking water. Surface mining company... 

Acid mine water used to recover gold from dumps – DRDGold

Ivanhoe plans 'new era of production' for historic DRC mine

By: Natasha Odendaal     6th September 2017 TSX-listed Ivanhoe Mines has entered into discussions to start a “new era of production” at the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo (DRC), that could deliver one of the highest-grade major zinc mines worldwide. Ivanhoe, which, in conjunction... 

Barloworld to install 7 MW solar power installation at Namibia mine

By: Anine Kilian     28th August 2017 Gold producer B2Gold has appointed Caterpillar and Cat dealer Barloworld to supply a 7 MW solar power plant at the Otjikoto mine, in Namibia. The full system, including Cat photovoltaic (PV) solar modules and the Cat microgrid master controller (MMC), will be used to reduce reliance on a heavy... 

Ballard surges on design that reduces platinum in fuel cells

By: Bloomberg     14th September 2017 Ballard Power Systems, a supplier of fuel-cell power systems, surged to a three-year high after announcing a technology breakthrough that replaces most of the high-cost platinum used in earlier design. Ballard gained 24% to $4.59 at 3:08 pm, in New York, the most intraday in more than a year and... 

Acacia to reduce operations at Bulyanhulu, cut jobs

By: Natasha Odendaal     4th September 2017 LSE-listed Acacia Mining is reducing operational activity at its Bulyanhulu mine, in Tanzania, as the pressures of unsustainable cash outflows at the mine owing to the ongoing concentrate ban force the group’s hand. Over the next three months, Acacia will focus on the process of moving the mine... 

Acacia to reduce operations at Bulyanhulu, cut jobs

South African mining must be made globally competitive – Motsepe 

By: Martin Creamer     7th September 2017 All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination, said African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe on Thursday, when he declared the black-controlled company’s highest-ever dividend.... 

South African mining must be made globally competitive – Motsepe

Glencore sells zinc mines to Trevali for $400m

By: Schalk Burger     1st September 2017 Global diversified mining company Glencore has sold its 80% stake of the Rosh Pinah mine, and its 39% interest in the Gergarub project, both in Namibia, as well as its 90% stake of the Perkoa mine, in Burkina Faso, to zinc-focused base metals miner Trevali Mining Corporation for a total... 

Glencore sells zinc mines to Trevali for $400m

Hunt for next electric-car commodity accelerates as prices soar

By: Bloomberg     23rd August 2017 Niche metal cobalt is leaving bigger names like copper and lithium in its dust, triggering a hunt for new deposits from Idaho to Chile. As one of the key components in the new breed of rechargeable batteries and with supply dominated by the Democratic Republic of Congo, prices have surged at... 

Demand for quality metals amplifying – ARM 

By: Martin Creamer     11th September 2017 Global climate change mitigation is amplifying the demand for good quality, low-impurity metals, which are being rewarded with high price premiums. There is a huge drive in China towards better quality, which will eventually use less energy and cause less pollution. (Also watch attached Creamer... 

Demand for quality metals amplifying – ARM

South32 sees upswing in South African, Mozambique aluminium production

By: Mia Breytenbach     24th August 2017 Diversified miner South32 reported solid performances across its aluminium supply chain for the financial year ended June 30, with record production from Mozal Aluminium, in Mozambique, and near-record production at the Hillside aluminium smelter, in South Africa. “Our aluminium smelters and... 

South32 sees upswing in South African, Mozambique aluminium production
Photo by Bloomberg
South32 CEO Graham Kerr

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