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Sibanye writes open letter to AMCU amid violent strike at its gold operations

By: Marleny Arnoldi     5th December 2018 JSE- and NYSE-listed gold miner Sibanye-Stillwater has written an open letter to Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa amid an ongoing strike at the miner’s gold operations. Sibanye especially condemned the “needless loss of three lives” that have... 

Financial close delay for Resgen’s Waterberg project

By: Marleny Arnoldi     5th December 2018 JSE- and ASX-listed Resource Generation (Resgen) on Wednesday confirmed that the timeline for its credit committee meeting arranged by a funding syndicate member will not be met, as hoped, before the Christmas break. Last month, Resgen advised that discussions with the lender’s deal team, which... 

Zimbabwe to allow two new companies to mine diamonds

By: Reuters     5th December 2018 Zimbabwe will now allow two more private companies to explore and mine diamonds in the country, bringing to four the number of firms that will operate in the sector, mines minister Winston Chitando has said. Last week Chitando said the country did not plan to change its ownership rules for... 

Eskom debt swap not an option – Ramaphosa 

By: Reuters     14th December 2018 A debt swap for cash-strapped state power company Eskom would spiral the country into more debt, South Africa's President Cyril Ramaphosa said on Thursday, adding there was a need to look at other options to shore up the company's balance sheet. Eskom, which has had to implement power cuts due to... 

Palladium tops gold after rally powered by surge in demand

By: Bloomberg     5th December 2018 Gold just got left behind by one of its sister metals. After a demand-fueled rally over the past four months that’s seen prices hit a record, palladium for immediate delivery topped gold following a surge higher. Palladium, which hasn’t traded at a sustained premium to gold in 16 years, has... 

Gupta mining boss JP Arora gunned down

By: News24Wire      3rd December 2018 The CEO of Gupta-owned JIC Mining, JP Arora, was killed in a shooting on New Road in Midrand on Saturday night, police have confirmed. SAPS spokesperson Captain Kay Makhubele said he could not confirm reports of Arora's car being sprayed with bullets. News24 has learned that Arora was returning... 

South African gold industry enters final phase of slow death  

By: Bloomberg     10th December 2018 Back in 1987, South African President Cyril Ramaphosa – then a 34-year-old labor union leader – led 300 000 black miners in a strike that symbolized resistance to the apartheid regime. Now, striking gold workers face a less politically charged battle, but one they can’t win. The nation’s... 

South African gold industry enters final phase of slow death

Glencore's billionaire copper chief retires under legal pressure  

By: Bloomberg     3rd December 2018 Glencore on Monday announced the retirement of-billionaire Aristotelis Mistakidis, its embattled head of copper trading and one of the company’s biggest shareholders. Mistakidis’s departure marks the end of an era. The 56-year-old executive is one of the world’s most powerful commodities traders... 

Glencore's billionaire copper chief retires under legal pressure

Rio Tinto sells Namibia uranium mine to China’s CNUC 

By: Esmarie Iannucci     26th November 2018 Global diversified miner Rio Tinto has signed a binding agreement with China National Uranium Corporation (CNUC) to divest of its 68.62% stake in the Rössing uranium mine, in Namibia, for up to $106.5-million. Rio CEO Jean-Sebastian Jacques said on Monday that the transaction represented the... 

Rio Tinto sells Namibia uranium mine to China’s CNUC

Glencore doing whatever it can to assist Eskom – Glasenberg 

By: Martin Creamer     4th December 2018 Diversified mining and marketing company Glencore is doing whatever it can to assist Eskom overcome its current coal supply issues, Glencore CEO Ivan Glasenberg has told Mining Weekly Online. “We’re looking at trucking coal and railing coal, 24 hours a day, seven days a week, to assist them on... 

Glencore doing whatever it can to assist Eskom – Glasenberg
Glencore CEO Ivan Glasenberg

South Africa’s coal output continues to decline   

By: Simone Liedtke     20th November 2018 XMP Consulting senior coal analyst Xavier Prevost expects South Africa’s coal production to soon “drop drastically” as a result of low investment in new coal mining capacity and older mines reaching the end of their lives. Speaking to Mining Weekly Online on the sidelines of the Fossil Fuel... 

South Africa’s coal output continues to decline

Mining industry leadership set for changing of the guard

By: Reuters     3rd December 2018 Titans of the mining industry who have led the industry through myriad storms for decades are set to retire over the next few years, a once-in-a-generation turnover that has sparked a search for fresh talent with far different skills than current executives. Ivan Glasenberg, chief executive of... 

Gold One launches R100m plant expansion project 

By: Nadine James     23rd November 2018 ASX- and JSE-listed Gold One International on Friday celebrated the official launch of its R100-million plant expansion project at the Modder East operations in Springs. Gold One Operations VP Jon Hericourt said the bankable feasibility study for the mine had expected it to produce 70 000 t/m,... 

Gold One launches R100m plant expansion project

AMCU workers to strike at Sibanye’s South Africa gold mines 

By: Marleny Arnoldi     19th November 2018 Nearly 14 000 workers of gold miner Sibanye-Stillwater will down tools at its South African gold operations this week, after months of wage negotiations with the Association of Mineworkers and Construction Union (AMCU) reached a deadlock. The gold miner confirmed on Monday that AMCU members... 

AMCU workers to strike at Sibanye’s South Africa gold mines
Sibanye-Stillwater CEO Neal Froneman

Platinum’s stature growing as world’s clean air catalyst 

By: Martin Creamer     22nd November 2018 This month’s launch of the world’s first fuel cell double-decker bus is the latest example of platinum helping to power the world’s new clean air revolution. The fuel cell bus was developed as a part of the European Union-funded joint initiative for hydrogen vehicles, which make use of platinum,... 

Platinum’s stature growing as world’s clean air catalyst
First fuel cell double decker bus.

Barrick Gold eyes assets, exploration as it plots new phase 

By: Bloomberg     17th November 2018 Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans... 

Barrick Gold eyes assets, exploration as it plots new phase
Mark Bristow

Japanese trading giant Mitsubishi throws weight behind platinum 

By: Martin Creamer     13th December 2018 The Japanese trading giant Mitsubishi has thrown its weight behind technologies that harness the high-performance characteristics of platinum group metals (PGMs) by joining Anglo American Platinum (Amplats) and South Africa’s Public Investment Corporation (PIC) as an investor in AP Ventures,... 

Japanese trading giant Mitsubishi throws weight behind platinum
Photo by Creamer Media
AP Ventures managing partner Andrew Hinkly

Minergy's Botswana opencast coal mine project springs to life 

By: Schalk Burger     27th November 2018 The first opencast coal mine in Botswana, Masama, which is located about 70 km outside Gaborone, has sprung to life following the awarding of the mining licence at the end of August. The first soil was dug on September 9. The mine is expected to start selling thermal coal in the first week of... 

Minergy's Botswana opencast coal mine project springs to life

Gupta's South African mining assets attract R3bn bid

By: Bloomberg     12th December 2018 A South African consortium called Project Halo has submitted the winning bid of R3.05-billion for three major assets of Tegeta Exploration & Resources, the Gupta family-linked mining company under administration since February. Project Halo will buy Optimum Coal Mine, for a maximum of... 

Gold Fields warns striking workers there will be no ‘sweetener’ deals 

By: Nadine James     28th November 2018 JSE- and NYSE-listed Gold Fields says the settlement agreement offered to striking workers will expire at 17:00 on Friday, November 30, and warns that no further “sweetener deals” will be introduced should the deadline lapse. In a media briefing on Wednesday, CEO Nick Holland reiterated the... 

Gold Fields warns striking workers there will be no ‘sweetener’ deals
Photo by Creamer Media
Gold Fields CEO Nick Holland

Sibanye says gold mines shut down after strike turns violent  

By: Bloomberg     22nd November 2018 Sibanye Gold shut down all its gold mining operations in South Africa after violence broke out during a strike by workers demanding higher wages. Operations at Driefontein, Kloof and Beatrix mines, major sources of revenue for the producer, were suspended late on Wednesday due to strike action,... 

Sibanye says gold mines shut down after strike turns violent

Glasenberg eyes successor as Glencore readies new generation 

By: Bloomberg     4th December 2018 Ivan Glasenberg said there will be a generational shift at the top of Glencore over the next few years, suggesting a period of upheaval for the world’s largest commodity trader that’s unprecedented in its short history as a public company. Glasenberg said he’s actively looking for the next CEO... 

Glasenberg eyes successor as Glencore readies new generation
Ivan Glasenberg

Ex-SAS officer who led Barrick's Tanzania talks has left

By: Bloomberg     22nd November 2018 One of Barrick Gold’s most senior executives, who held various high-profile roles at the company from Nevada to Tanzania, has left the company as it prepares to complete its merger with Randgold Resources. Richard Williams served as Barrick’s chief of staff and later COO. A former commander in... 

Ex-SAS officer who led Barrick's Tanzania talks has left

What global rules against 'blood gold'? Small miners have to eat

By: Bloomberg     26th November 2018 When his fellow miners winch him up from the hole in the desert, Keith Gushure is covered in mud. Gushure, 21, holds a pick and a hammer. For the past 18 hours he’s been trying to chip, gouge and pry gold out of the 17 metre mine he helped dig, one of a series of deep pockmarks that dot the dry,... 

What global rules against 'blood gold'? Small miners have to eat

Barrick’s Michael Brown retires ahead of Randgold merger 

By: Mariaan Webb     10th December 2018 Gold major Barrick Gold has announced management changes in its North American region ahead of the completion of its merger with Africa-focused Randgold Resources on January 1. CFO Catherine Raw will assume responsibility for the enlarged group’s US operations the newly created position of COO... 

Zest WEG Group delivers R200m electrical infrastructure solution at Petra’s Cullinan diamond mine  

By: Martin Creamer     23rd November 2018 A R200-million electrical infrastructure project has been impressively completed at the Cullinan Diamond Mine of the London-listed Petra Diamonds through the combined effort of four Zest WEG Group companies. The companies adopted an integrated solutions approach in providing multiple and diverse... 

Zest WEG Group delivers R200m electrical infrastructure solution at Petra’s Cullinan diamond mine

Anglo anticipates continual production growth to 2022 

By: Marleny Arnoldi     11th December 2018 Diversified miner Anglo American is targeting incremental yearly earnings before interest, taxes, depreciation and amortisation (Ebitda) of between $3-billion and $4-billion by 2022. CE Mark Cutifani on Tuesday said the group had completely transformed the quality of its asset portfolio and its... 

Anglo anticipates continual production growth to 2022
Anglo American CEO Mark Cutifani

Gold investors target executives with less skin in the game 

By: Bloomberg     28th November 2018 A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don’t have enough skin in the game. Businesses tend to perform better when top managers have a high ownership-to-pay ratio, according to the inaugural... 

Gold investors target executives with less skin in the game

Nickel price to weaken during 2019, but strengthen again thereafter

By: Rebecca Campbell     30th November 2018 Analysis and consultancy company Fitch Solutions Macro Research (part of the Fitch Group but separate and distinct from sister company Fitch Ratings) has reduced its forecast nickel price for 2019, while remaining confident that it will thereafter trend upwards again. Its previous nickel price... 

New Barrick CEO eyes miners' alliance to fix Tanzania tax row 

By: Reuters     23rd November 2018 – Barrick Gold's incoming chief executive said he wants to pull together Tanzania's mining industry to tackle a "desperate" tax dispute that has snared several companies, including the firm's Acacia Mining unit. In an increasingly acrimonious conflict that has lasted almost two years, the... 

New Barrick CEO eyes miners' alliance to fix Tanzania tax row
Mark Bristow

Now export duty dispute halts Katanga’s copper exports 

By: Mariaan Webb     15th November 2018 Merely a week after Glencore subsidiary Katanga Mining halted cobalt exports from its Kamoto mine, in the Democratic Republic of Congo (DRC), its copper exports have also been suspended as a result of an alleged failure to declare and pay duties on 6 650 t of copper in late 2015, early 2016. In... 

Now export duty dispute halts Katanga’s copper exports

Coal to remain significant part of South Africa’s energy generation mix  

By: Simone Liedtke     21st November 2018 Notwithstanding recent and continued advances in the roll-out of renewable energy and energy efficiency measures, South African National Energy Development Institute (Sanedi) GM for cleaner fossil fuel use Professor Tony Surridge expects coal will continue to form a significant component of South... 

Coal to remain significant part of South Africa’s energy generation mix

Transnet praised for rapidly restoring stricken Saldanha iron-ore line 

By: Martin Creamer     7th December 2018 State rail transport enterprise Transnet has earned praise by pulling out all the stops to rapidly restore a railway bridge on South Africa’s crucial Sishen–Saldanha iron-ore line. The line came to a halt on November 28 after a truck carrying heavy equipment at excessive height on a public road... 

Transnet praised for rapidly restoring stricken Saldanha iron-ore line
Crucial iron-ore line back on track after rapid bridge restoration

Beneficiation of raw coal increasingly important – De Korte  

By: Simone Liedtke     20th November 2018 The declining quality of raw coal makes the control of coal product increasingly difficult and the beneficiation of raw coal more important, Council for Scientific and Industrial Research (CSIR) coal processing engineer Johan de Korte told delegates at the Fossil Fuel Foundation’s conference on... 

Beneficiation of raw coal increasingly important – De Korte

Pioneering nickel sulphate venture draws down on loan 

By: Martin Creamer     6th December 2018 Black-controlled Thakadu Battery Materials, a pioneering South African high-purity battery-grade nickel sulphate developer, has made its first drawdown from South Africa’s State-owned Industrial Development Corporation (IDC) under a R152-million loan facility agreement. The IDC loan is funding... 

Pioneering nickel sulphate venture draws down on loan
Thakadu Battery Materials CEO Ruli Diseko

Congo begins audit of Glencore unit after cobalt exports halted  

By: Bloomberg     3rd December 2018 The Democratic Republic of Congo’s (DRC's) government began an audit into how radioactive cobalt produced by a Glencore unit left the country before an alarm was raised. The probe places a further strain on relations between the commodity trader and Congo’s government frayed earlier this year by... 

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