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Popular This Month

BHP to produce nickel sulphate next year, eyeing cobalt on battery boom

By: Reuters     18th April 2018 BHP Billiton is expanding its business as a supplier of battery minerals at its nickel refinery in Western Australia, planning to start producing nickel sulphate next year and looking at cobalt output as well, a company executive said. Cobalt and nickel are both critical ingredients for lithium... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

By: Nadine James     13th April 2018 While there is no doubt that conglomerate gold has been discovered in the Pilbara, the broader understanding of this style of gold mineralisation in the Pilbara remains incomplete and, therefore, any comparisons with the Witwatersrand (Wits) basin are premature, states SRK Consulting geologist... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

South Africa set to play significant role in Congo potash project 

By: Martin Creamer     16th April 2018 South Africa is likely to play a significant role in the development and construction of the large new potash mine and processing plant that is being planned in the Republic of Congo (RoC) at an expected capital cost of $2-billion. Potentially one of the lowest operational cost potash projects in... 

South Africa set to play significant role in Congo potash project

Another hydrogen boost for platinum fuel cells

By: Simone Liedtke     18th April 2018 The introduction of platinum-using fuel cells has received another boost with the latest success in hydrogen compression announced by Anglo American Platinum (Amplats) on Wednesday.   Last week, Amplats revealed plans for a fuel cell dozer, which makes use of hydrogen in liquid, to make a 2019... 

Another hydrogen boost for platinum fuel cells
Photo by Creamer Media
Amplats PGM investment programme CEO Andrew Hinkly

PGMs industry sees crisis, Mantashe sees new dawn

By: Marleny Arnoldi     10th April 2018 Mineral Resources Minister Gwede Mantashe on Tuesday described the mining industry as one that is in self-doubt, believing that it is about to die, where suspicion and mistrust is at a high level. “I fail to understand why platinum is in a crisis,” he said, adding that mining stakeholders need to... 

PGMs industry sees crisis, Mantashe sees new dawn
Photo by Wynand van der Merwe
Gwede Mantashe

South African court backs 'once empowered, always empowered' principle

By: Reuters     4th April 2018 The South African High Court ruled in favour of the 'once empowered, always empowered' principle on Wednesday which entitles a company to keep its black empowerment status even if a black partner exits its stake in the mining firm. Uncertainty around the Mining Charter and ownership levels have... 

South African court backs 'once empowered, always empowered' principle

AngloGold’s Venkat resigns to take top job at Vedanta Resources

By: Marleny Arnoldi     16th April 2018 Srinivasan Venkatakrishan (Venkat) will step down as CEO of gold miner AngloGold Ashanti on August 31 to take up the CEO position at diversified miner Vedanta Resources.  

AngloGold’s Venkat resigns to take top job at Vedanta Resources
Photo by Creamer Media
AngloGold Ashanti CEO Srinivasan Venkatakrishan

Glencore releases all-embracing 117-page sustainability report

By: Martin Creamer     16th April 2018 One of the strategic priorities of diversified mining and marketing company Glencore is to invest in community initiatives that deliver sustainable socioeconomic benefits, the London- and Johannesburg-listed company states in today’s 117-page Sustainability Report 2017, which emphasises the... 

Glencore releases all-embracing 117-page sustainability report
Glencore's Anna Krutikov

Post-Mugabe Zimbabwe mining rush leaves big producers behind

By: Bloomberg     3rd April 2018 While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach. New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining... 

Post-Mugabe Zimbabwe mining rush leaves big producers behind
Zimbabwe President Emmerson Mnangagwa

Fuel cell dozer expected to make game-changing 2019 debut

By: Martin Creamer     12th April 2018 A fuel cell dozer that runs on hydrogen carried in liquid is expected to make a game-changing debut underground next year, Anglo American Platinum (Amplats) CEO Chris Griffith said last night. Speaking at the fortieth African Mining Network dinner, Griffith said third generation development had... 

Fuel cell dozer expected to make game-changing 2019 debut
Photo by Creamer Media
Anglo American Platinum CEO Chris Griffith

Harmony Gold says $519 000 of metal stolen from South African mine

By: Bloomberg     11th April 2018 Thieves broke into Harmony Gold Mining’s Kalgold mine Tuesday morning and stole 12 kg (386 oz) of the precious metal, according to spokesperson Lauren Fourie. The robbers accessed “heavily guarded” gold storage facilities in a significant security breach at the mine, situated in South Africa’s... 

Harmony Gold says $519 000 of metal stolen from South African mine
Harmony's Kalgold mine

Vanadium batteries need 'Elon Musk moment' to kick-start market

By: Bloomberg     10th April 2018 Vanadium needs Elon Musk or another big player in the global battery market to get behind the metal in order to share centre stage with other energy-storage components such as lithium and cobalt. “When we get that moment, we’re off to the races,” Vincent Algar, MD of Australian Vanadium, said in... 

Shrinking platinum sector adds to Ramaphosa's economy challenge

By: Bloomberg     26th March 2018 “Ramaphoria” boosted the rand and revived investor sentiment on South Africa. But deep underground in the country’s platinum mines, there’s very little cause for optimism. Producers in South Africa, which accounts for about 70% of the world’s mined platinum, are closing shafts and cutting... 

Shrinking platinum sector adds to Ramaphosa's economy challenge

Kinross says it remains unaffected by US sanctions on Russia

By: Henry Lazenby     10th April 2018 Canadian miner Kinross Gold said on Monday that a fresh round of US sanctions targeting Russian State officials or connected businesses that were announced on Friday does not affect its Russian operations. The US announced on Friday new sanctions against Russian oligarchs with ties to President... 

Vedanta’s Gamsberg mine remains on track

By: Simone Liedtke     11th April 2018 LSE-listed Vedanta Resources’ Zinc International business produced 157 000 t of zinc in the financial year ended March 31, in line with the 156 000 t produced in the prior financial year. The BMM operation, in South Africa, increased its mined zinc output by 3% year-on-year to 72 000 t, but the... 

Vedanta’s Gamsberg mine remains on track

Rio Tinto’s Thompson deals with misconduct allegations at AGM

By: Esmarie Swanepoel     12th April 2018 Mining major Rio Tinto has again denied allegations of withholding information from shareholders regarding its Mozambican coal assets, with chairperson Simon Thompson saying that the company would “vigorously” defend itself against these allegations. The UK’s Financial Conduct Authority (FCA)... 

Rio Tinto’s Thompson deals with misconduct allegations at AGM

Cobalt upstarts add capacity in Congo as prices triple

By: Bloomberg     27th March 2018 A little-known cobalt miner in the Democratic Republic of Congo plans to ramp up output so fast it will soon be out-produced only by industry leader Glencore. Chemaf, a closely held Lubumbashi-based company, and several other firms are capitalizing on a boom in demand that’s transforming small... 

Cobalt upstarts add capacity in Congo as prices triple

Mine worker crushed to death at De Beers operations in Limpopo

By: African News Agency      27th March 2018 A female employee was crushed to death when she fell onto a conveyer belt at De Beer's Venetia diamond mine in Limpopo, police said on Monday. Spokespeson Brigadier Motjafela Mojapelo said the incident happened on Sunday. 

Zimbabwe focuses on policy certainty to revive mining investment

By: Anine Kilian     26th March 2018 The Zimbabwean government is committed to ensuring mining policy certainty to win back investment and revive the industry, Mining and Mining Development Minister Winston Chitando said at an investor seminar in Johannesburg. Addressing delegates at the Harare Indaba, on Monday, he said that the... 

Zimbabwe focuses on policy certainty to revive mining investment
Photo by Wynand van der Merwe
Zimbabwe Mining and Mining Development Minister Winston Chitando

Fortescue says miners have shut gates on new iron-ore supply

By: Bloomberg     10th April 2018 Global iron-ore miners have turned off the tap on adding new production capacity to feed China’s steel mills as the world’s largest customer is already awash with supplies, according to Fortescue Metals Group. “The reality is that most of the producers, ourselves included, are not actually... 

Fortescue says miners have shut gates on new iron-ore supply
Fortescue CEO Elizabeth Gaines

De Beers, Botswana to dig deeper at world's richest diamond mine

By: Bloomberg     5th April 2018 The world’s most valuable diamond mine is set to get even bigger. Debswana, the joint venture between Anglo American’s De Beers unit and Botswana’s government, is seeking permission to deepen the Jwaneng mine to 830 meters (2 700 feet), according to a notice published in local newspapers... 

Sibanye-Stillwater refinances, increases US dollar revolving credit facility

By: Marleny Arnoldi     6th April 2018 Precious metals miner Sibanye-Stillwater has refinanced its existing $350-million US dollar revolving credit facility (RCF) on improved terms.  

Sibanye-Stillwater refinances, increases US dollar revolving credit facility
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

South32 hikes manganese guidance, lowers coal forecast

By: Esmarie Swanepoel     19th April 2018 Diversified miner South32 has increased its manganese production guidance from its Australia and South African operations to take advantage of farourable market conditions. The company increased its production guidance at the Australia manganese operations by 6% to 3.30-million tonnes and its... 

South32 hikes manganese guidance, lowers coal forecast
Photo by Bloomberg
South32 CEO Graham Kerr

Missing $15bn diamond revenue – 'It's all lies,' says Mugabe

By: News24Wire      17th April 2018 Zimbabwe's former president Robert Mugabe has retracted his remarks over the alleged missing $15-billion diamond revenue amid investigations by the national assembly, according to a report. In a claim that's coming back to haunt him, the former Zimbabwe strongman said in 2016 that $15-billion... 

Glencore is said to mull buying back Gupta-linked coal mine

By: Bloomberg     27th March 2018 Glencore is considering a bid for the Optimum coal operations in South Africa, which it sold in 2015 to a company part-owned by the politically connected Gupta family, according to two people familiar with the matter. Optimum supplies fuel to state power utility Eskom Holdings and became a... 

Mining industry submits mining code proposal to DRC govt

By: Marleny Arnoldi     29th March 2018 Mining industry representatives on Thursday submitted a formal proposal to the Democratic Republic of Congo (DRC) Ministry of Mines, aimed at addressing concerns about the country’s recently revised mining code and government’s revenue needs.  

Mining industry submits mining code proposal to DRC govt

BHP quits World Coal Association over differences in climate policies

By: Esmarie Swanepoel     5th April 2018 Mining major BHP has taken the decision to discontinue its membership of the World Coal Association (WCA), citing “material differences” in their respective climate change policies. The diversified giant also said on Thursday that the decision was also taken in light of the “narrow range of... 

BHP quits World Coal Association over differences in climate policies

AfriTin completes Uis tin mine design, earthworks to start in May

By: Marleny Arnoldi     4th April 2018 Bushveld Minerals' tin-focused subsidiary AfriTin Mining has completed the detailed mine design at its flagship asset Uis tin mine, in Namibia.  

AfriTin completes Uis tin mine design, earthworks to start in May
Photo by Creamer Media
AfriTin CEO Anthony Viljoen

Quest for cheaper batteries lures money from Russian billionaire

By: Bloomberg     4th April 2018 Russian billionaire Oleg Deripaska is investing in research into next-generation batteries to replace the lithium-ion units that are currently used in phones and cars, and to store power from solar plants. The tycoon’s En+ Group, which owns power plants and the largest aluminum maker outside... 

Quest for cheaper batteries lures money from Russian billionaire
Oleg Deripaska

Resgen secures R540m IDC loan

By: Marleny Arnoldi     16th April 2018 The Industrial Development Corporation of South Africa (IDC) has approved JSE- and ASX-listed Resource Generation’s (Resgen’s) request for R540-million in funding.  

Glencore is losing billionaire allies to Trump's sanctions

By: Bloomberg     12th April 2018 The reach and power of US sanctions are hemming in the world’s largest commodity trader. In just four months, Glencore chief Ivan Glasenberg has lost two of his closest business allies as President Donald Trump’s aggressive foreign policy hits home, forcing him to cut ties with billionaires Oleg... 

LG Chem cobalt deal sets tone for battery cathode market

By: Henry Lazenby     12th April 2018 A new deal by Korean battery manufacturer LG Chem and China’s Huayou Cobalt is expected to set the tone for the lithium-ion battery cathode market. The two partners have announced a significant deal worth about $440-million to build a 40 000 t/y lithium-ion battery precursor materials plant and a... 

LG Chem cobalt deal sets tone for battery cathode market

Newmont suspends operations at Ghana mine after six workers killed

By: Reuters     9th April 2018 Six construction workers have been killed in an accident at Newmont's Ahafo gold mine in Ghana, forcing the surface mine to suspend its operations, a local Newmont manager said on Sunday. The workers died after a tunnel roof collapsed on them at the construction site of an expanded gold... 

Randgold's African mining acumen is being tested on all fronts

By: Bloomberg     4th April 2018 Randgold Resources’s celebrated ability to operate in Africa is being tested on all fronts, and it’s taking a toll on the London-listed gold miner’s stock. For most of the last decade, Randgold shares were the best performers among gold miners tracked by Bloomberg. Now they are among the worst in... 

Six mineworkers die after their bus is set alight

By: News24Wire      3rd April 2018 Six mineworkers died and 28 others were injured after the bus they were travelling in was set alight outside Driekop, in Limpopo, on Monday evening. "Two people who pretended to be mine workers, got onto the bus and set it alight. They then got out and fled," Limpopo police spokesperson Brigadier... 

High-grade, low-cost silver options set Americas Silver up for growth

By: Henry Lazenby     4th April 2018 Diversified miner Americas Silver is being cautious not to add too much silver to its zinc and lead production profile at a time when prices for the precious metal languish between the $16/oz to $20/oz level. “We are being very disciplined to not add too much new silver production to our... 

High-grade, low-cost silver options set Americas Silver up for growth
Photo by Americas Silver
Americas Silver's new San Rafael mine, in Mexico

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