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R/€ = 13.85 Change: -13.71
R/$ = 12.75 Change: -12.63
Au 1253.15 $/oz Change: -0.65
Pt 966.50 $/oz Change: -1.00
 

Popular This Month

Erin Energy enters farm-out agreement over two oil blocks in The Gambia

By: Megan van Wyngaardt     27th March 2017 Dual-listed Erin Energy Corporation has entered into a definitive farm-out agreement with ASX-listed oil and gas company FAR, which will acquire an 80% interest and operatorship of Erin’s offshore A2 and A5 blocks in The Gambia. Erin Energy will retain a 20% working interest in both blocks. 

Anglo's future thrown in question as billionaire grabs stake

By: Bloomberg     16th March 2017 In its 100-year history, Anglo American Plc has endured commodities booms and busts, South African apartheid and bitter boardroom disputes. Now the British mining giant is threatened by the ambitions of Anil Agarwal, an Indian scrap-metal trader turned billionaire mining tycoon. In a surprise... 

Anglo's future thrown in question as billionaire grabs stake
Photo by Bloomberg
Anil Agarwal

Magara seizes Lonmin COO opportunity as he grasps low-price nettle 

By: Martin Creamer     13th March 2017 It’s 7 am. Ben Magara walks in bang on time for our interview. He left home at 4.15 am to be in the gym at 5 am and the office at 6 am. He has a nice spring in his step as he tells me that he has grasped the COO opportunity in addition to his role as CEO of platinum mining company Lonmin,... 

Magara seizes Lonmin COO opportunity as he grasps low-price nettle
Lonmin CEO Ben Magara

Tanzania bans metals, minerals exports in bid to increase domestic beneficiation 

By: Megan van Wyngaardt     3rd March 2017 Aim-listed Acacia Mining on Friday said it had ceased exports of gold and copper concentrate from its operations in Tanzania, following a directive from the country’s Ministry of Energy and Minerals that all such exports be banned. In a statement, Acacia said it was urgently seeking further... 

New minerals head appointment sets cat among mining pigeons 

By: Martin Creamer     2nd March 2017 The Chamber of Mines said on Thursday that it had been caught by surprise by the appointment of the new director-general of the Department of Mineral Resources (DMR). While the chamber acknowledged that the appointment of the director-general was the prerogative of the Minister, it believed that... 

New minerals head appointment sets cat among mining pigeons
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter with Senior Public Affairs Executive Tebello Chabana

Glencore in pole position to benefit from growing cobalt demand

By: Martin Creamer     1st March 2017 Heightened ownership of the Mutanda and Katanga mines in the Democratic Republic of Congo (DRC) puts cobalt in a strong potential earnings position for Glencore, the world’s dominant supplier of the metal that is attracting attention because of its growing use in electric vehicles (EVs). In an... 

Glencore in pole position to benefit from growing cobalt demand
Photo by Bloomberg
Glencore's Mutanda copper/cobalt mine in the Democratic Republic of Congo

'Irrational' uranium prices making life tough, even for world-class juniors 

By: Henry Lazenby     13th March 2017 The resource investment market’s fixation on uranium spot prices and fewer majors operating in the space are making life difficult for uranium exploration juniors, even those such as Fission Uranium that have made world-class discoveries in one of the best jurisdictions in the world. Speaking to... 

'Irrational' uranium prices making life tough, even for world-class juniors

Vedanta already turning Anglo’s discarded zinc assets to account 

By: Martin Creamer     17th March 2017 Diversified mining company Vedanta, which is being associated with the acquisition of 13% of the equity of Anglo American by Volcan Investments because of the link both these entities have with Indian billionaire Anil Agarwal, has done well with the South African assets it acquired from Anglo... 

Vedanta already turning Anglo’s discarded zinc assets to account

Gold mining operations need to transform into 'mines of the future' 

By: Natasha Odendaal     23rd March 2017 Gold Fields CEO Nick Holland believes it is time for current gold mining operations to “fundamentally transform” into “mines of the future" in order to prosper. Speaking at the University of the Witwatersrand’s (Wits’) School of Mining Engineering’s celebration of 120 years of service, on... 

Gold mining operations need to transform into 'mines of the future'

Secret of the Kibali mine – flying people in and gold bars out

By: Bloomberg     6th March 2017 Randgold Resources had to haul heavy equipment more than 1 000 miles to build the roads and hydropower plants needed to construct its Kibali gold mine, the biggest in Democratic Republic of Congo. The sprawling facility in a remote corner of a country the size of Western Europe is a high-tech... 

Secret of the Kibali mine – flying people in and gold bars out

Price weakness stemmed from excess capital dole out – Glencore

By: Martin Creamer     27th February 2017 The commodity price weakness from 2012 to 2015 was the result of an over-allocation of capital from 2006 to 2012, Glencore CEO Ivan Glasenberg told an American audience on Monday. In an address to the BMO Metals and Mining Conference, in Miami, Glasenberg said that capital over-allocation in the... 

Price weakness stemmed from excess capital dole out – Glencore
Glencore CEO Ivan Glasenberg

Take community engagement seriously, ARM’s Motsepe advises 

By: Martin Creamer     16th March 2017 The South African mining industry must take community engagement extremely seriously to prevent this country’s global competitiveness from being negatively impacted, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe urged on Thursday. Speaking at question time after ARM... 

Take community engagement seriously, ARM’s Motsepe advises

‘What a difference a year makes’ – analysts outline mostly strong commodity fundamentals despite uncertainty

By: Henry Lazenby     7th March 2017 “What a difference a year makes,” John Butcher, principal economist at commodity consultancy Wood Mackenzie exclaimed during a technical programme at the Prospectors and Developers Association of Canada’s yearly convention this week. While global economic growth came in at a disappointing 2.3% in... 

IDC supporting entry of superior platinum processing route – Malinga 

By: Martin Creamer     15th March 2017 A bankable feasibility study has been completed on a new platinum processing method that slashes electricity consumption by eliminating the power-guzzling smelting step in the processing of platinum-group metals (PGMs), Industrial Development Corporation (IDC) divisional executive: mining and... 

IDC supporting entry of superior platinum processing route – Malinga

Anglo's billionaire investor puts mining on cusp of M&A era

By: Bloomberg     17th March 2017 Anil Agarwal’s surprise move into Anglo American suggests the mining industry may be on the cusp of a new wave of deals. For years, Anglo has been the subject of takeover speculation and during the worst of the commodities crisis it seemed on the verge of a breakup. It spent last year getting... 

Anglo's billionaire investor puts mining on cusp of M&A era
Photo by Bloomberg
Anil Agarwal

Tech metals supply lagging demand as electric car production increases

By: David Oliveira     10th March 2017 The burgeoning lithium-ion battery market, buoyed by increased demand for and production of electric vehicles (EVs), among other end-uses, is making it increasingly difficult for producers of tech metals such as lithium and cobalt to keep pace with the demand from technology developers. Global... 

Tech metals supply lagging demand as electric car production increases

West African gold mine signs solar power agreement

By: Martin Creamer     6th March 2017 West African gold mine Iamgold Essakane has signed a 15-year power purchase agreement with renewable-energy providers in a move that will cut its diesel use and lower its carbon footprint.  EREN Renewable Energy and its partner African Energy Management Platform (AEMP) on Monday announced that... 

West African gold mine signs solar power agreement
Solar power project at Iamgold Essakane in Burkina Faso

Transformation at the core of Anglo American’s resilience

By: Henry Lazenby     7th March 2017 The ability to innovate and build adaptation into the DNA of mining companies is a critical requirement to successfully navigate major market changes, Anglo American CEO Mark Cutifani said during a keynote address at the 2017 Prospectors and Developers Association of Canada’s yearly convention.... 

Transformation at the core of Anglo American’s resilience
Photo by Duane Daws
Ango American CEO Mark Cutifani says survival meant a massive transformation of the asset base, in a rapid time frame

Africa becoming more attractive to mining investors, but policy stifles South Africa’s mining industry

By: Megan van Wyngaardt     1st March 2017 While Zimbabwe and Mozambique ranked in the bottom ten of the most attractive jurisdictions in the world for mining investment, the Canada-based Fraser Institute’s ‘Annual Survey of Mining Companies 2016’, shows that the continent continues to look better for investors and ranks ahead of Oceania,... 

Lonmin COO steps down

By: Anine Kilian     6th March 2017 Ben Moolman has resigned as chief operating officer of platinum miner and producer Lonmin. He will leave the company on April 5. “My colleagues and I would like to thank Ben for his contribution to Lonmin and wish him well in his future career,” CEO Ben Magara said in a statement on Monday. 

Exxaro begins mineral sands exit

By: Martin Creamer     8th March 2017 Diversified mining company Exxaro Resources on Wednesday announced its intention to begin exiting its stake in mineral sands company Tronox. The Exxaro board would explore available alternatives to monetise the Tronox shareholding in a thoughtful, efficient and staged process over time, the... 

Exxaro begins mineral sands exit

Platinum needs marketing, marketing and more marketing – RBPlat 

By: Martin Creamer     28th February 2017 Embattled platinum needs ongoing marketing, with producers needing to invest in the promotion effort and ensure that the metal does not continue to be demonised by the anti-diesel hype, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri told investors, unionists, analysts and journalists on... 

Platinum needs marketing, marketing and more marketing – RBPlat

Anglo American plans pay cap after shareholder revolt

By: Reuters     13th March 2017 Major miner Anglo American is set to cap executive bonuses, it said on Monday, following a shareholder revolt last year over high payouts even when the company's share price had crashed. In its annual report, Anglo American said on Monday it would reduce maximum annual bonuses for CE Mark... 

Trevali expands geographic footprint to Africa as zinc tide rises

By: Henry Lazenby     14th March 2017 Canadian base metals producer Trevali Mining is expanding its geographic footprint into Africa with the $400-million acquisition of diversified mining and marketing company Glencore’s 80% interest in the Rosh Pinah mine, in Namibia, and 90% interest in the Perkoa mine, in Burkina Faso. HSBC... 

Trevali expands geographic footprint to Africa as zinc tide rises

Botswana seeks to attract investors to mining town with tax cut

By: Reuters     7th March 2017 Botswana will cut corporate tax by up to 77% for investors in a mining town southeast of the capital, the trade and industry minister said on Tuesday, part of a package to attract them to a region hit by the collapse of BCL Mine. BCL Mine was put under provisional liquidation in October last year... 

Royal Bafokeng Platinum's share price falls on bond launch 

By: Martin Creamer     8th March 2017 The share price of platinum mining company Royal Bafokeng Platinum (RBPlat) fell by more than 5% on the company's launch of a R1.2-billion bond offering to to secure the next phase of the ramp-up of its Styldrift I expansion project. The funding solution included R2-billion of recently concluded... 

Royal Bafokeng Platinum's share price falls on bond launch

Elephant hunter Randgold walks the talk in Africa

By: Henry Lazenby     7th March 2017 The industry is constantly reducing the quality of its asset base and the only way to reverse the trend is to restart the “exploration engine”, Randgold Resources CEO Mark Bristow said in Toronto this week. “It is misguided to think that cutting back on exploration is a good idea, because it... 

Elephant hunter Randgold walks the talk in Africa

Glencore hires Morgan Stanley banker as it targets investments

By: Reuters     13th March 2017 Glencore has hired a senior banker from Morgan Stanley, two sources familiar with the matter told Reuters, as the mining giant looks at investments and acquisitions again after two years of belt tightening due to low commodities prices. The Zug, Switzerland-based company has hired Cyrus... 

Africa’s biggest copper find keeps giving as Ivanhoe hits mineralisation 3.8 km west of Kakula

By: Henry Lazenby     22nd March 2017 The TSX-listed stock of Africa-focused explorer Ivanhoe Mining on Tuesday rose 12% after it announced that it had encountered more shallow, high-grade mineralisation at Africa’s largest copper deposit ever – the Kamoa-Kakula copper discovery, in the Democratic Republic of Congo (DRC). A new hole... 

Mustang’s shares rise on high-grade Mozambique graphite discovery

By: Anine Kilian     6th March 2017 Australian ruby miner Mustang Resources’ share price on the ASX surged on Monday morning, after the company announced it had made a high-grade graphite discovery at its Caula project, in Mozambique. “This high-grade graphite will enable us to generate a top-quality product at a relatively low... 

US body extends review of Stillwater acquisition; Sibanye provides update on reserves

By: Megan van Wyngaardt     3rd March 2017 JSE-listed Sibanye Gold has received written notification from the Committee on Foreign Investment in the United States (CFIUS) that it wishes to undertake further investigation of the company’s proposed R30-billion acquisition of US-based platinum group metals (PGMs) producer Stillwater Mining... 

US body extends review of Stillwater acquisition; Sibanye provides update on reserves
Photo by Duane Daws
Sibanye CEO Neal Froneman

Glencore paid Gertler's firm $100m Congo royalties

By: Bloomberg     3rd March 2017 Glencore paid more than $100-million previously owed to the Democratic Republic of Congo’s state mining business to a company controlled by billionaire investor Dan Gertler, according to advocacy group Global Witness. It’s the first time the value of the payments made to Gertler have been made... 

First K+S rail cars arrive at $4.1bn Legacy mine, in Saskatchewan

By: Henry Lazenby     13th March 2017 The first 177 of 531 custom built rail cars have arrived at potash project developer K+S Potash Canada's (KSPC's) $4.1-billion Legacy mine site, in Saskatchewan. The company on Monday said this was enough to complete one of three trains that will transport KSPC’s product to its potash handling... 

ANC says law-making powers trump courts in South Africa mine ownership fight 

By: Bloomberg     10th March 2017 South Africa’s ruling party said mining companies should seek agreement with the government over ownership rules rather than challenging them in court because even if they win a legal battle, legislation can still be changed to further the aim of spreading wealth to the nation’s black majority.... 

ANC says law-making powers trump courts in South Africa mine ownership fight
Photo by Duane Daws
ANC economic policy head Enoch Godongwana

Judgment reserved in South Africa’s first climate change court case  

By: Kim Cloete     7th March 2017 The outcome of South Africa’s first climate change court case could set an important precedent. Judgment has been reserved, following compelling arguments in the Pretoria High Court by lawyers for Earthlife Africa, the Department of Environmental Affairs (DEA) and the developers of the 557.3 MW... 

Mining's biggest loser Lonmin is burning cash to stay alive

By: Bloomberg     17th March 2017 For most of the mining industry, 2017 is turning out to be another good year. The big exception is Lonmin Plc. Investors are losing confidence in the world’s third-largest platinum producer as it burns through cash to stay afloat, just 15 months after raising about $400 million from shareholders.... 

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