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Popular This Week

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... 

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

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

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... 

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... 

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

Sibanye condemns violent protest at its South African gold mines 

By: Simone Liedtke     11th December 2018 Dual-listed Sibanye-Stillwater on Tuesday said the situation at its Beatrix gold operations, in the Free State, were tense amid continuing violent actions by groups allegedly affiliated to the Association of Mineworkers and Construction Union (AMCU). “In the early hours of December 11, various... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair

Amplats lowers production guidance for next three years

By: Marleny Arnoldi     11th December 2018 Anglo American Platinum (Amplats) on Tuesday said its production guidance would change from January 1, 2019, as Sibanye-Stillwater’s platinum group metals material would no longer be bought as concentrate, but toll treated, with the refined metal returned to Sibanye. Resultantly, metal in... 

Zambian mines warn tax changes could lead to 21 000 job losses

By: Bloomberg     11th December 2018 Zambia’s planned mining royalty increases could lead to more than 21 000 job losses and operators cutting $500-million in capital spending over the next three years, an industry lobby group said. Members of the Chamber of Mines, which represents companies including Glencore, First Quantum... 

AMCU accuses Sibanye of using 'underhand tactics' to end strike

By: African News Agency      13th December 2018 The Association of Mineworkers and Construction Union (AMCU) has retaliated against Sibanye-Stillwater, saying that the miner had resorted to further "underhanded tactics" in an effort to discredit the legal and protected status of its strike in the gold sector.  This is after Sibanye said on... 

Jubilee acquires chrome processing operation

By: Tasneem Bulbulia     10th December 2018 Dual-listed Jubilee Metals has entered into an agreement to acquire all of the chrome beneficiation assets including plant, equipment, intellectual property and all rights to the existing surface material – estimated to be in excess of 1.8-million tonnes – owned by PlatCro Minerals and associated... 

BHP's $20bn Canadian potash dilemma: To build or not?

By: Bloomberg     13th December 2018 BHP Group may be heading for another clash with investors as the world’s biggest miner gets closer to a decision on whether to build, sell or mothball its $20-billion potash project. The Jansen mine in Canada is aimed at giving the company exposure to rising global food demand and represents... 

BHP's $20bn Canadian potash dilemma: To build or not?
BHP CEO Andrew Mackenzie

Big coal wants consumers to pay for fixing its pollution problem

By: Bloomberg     11th December 2018 Some of the world’s biggest fossil-fuel producers are calling on taxpayers to help them kick their pollution habit. The world’s biggest oil, natural gas and mining companies are stepping up their campaign to deploy carbon capture and storage, or CCS, as way to slow global warming. But with a... 

Barrick Gold is said to move closer to resolving Acacia dispute

By: Bloomberg     13th December 2018 Barrick Gold Corp has reached an agreement with the Tanzanian government on a $300-million payment, a milestone toward resolving a dispute that has crippled the miner’s subsidiary in the African country, according to people familiar with the situation. Executives from the Toronto-based producer... 

Barrick Gold is said to move closer to resolving Acacia dispute

Harmony, Newcrest sign Wafi-Golpu gold mining project MoU with PNG govt  

By: Tasneem Bulbulia     11th December 2018 Harmony Gold and its Wafi-Golpu Joint Venture (WGJV) partner Newcrest Mining on Tuesday signed a memorandum of understanding (MoU) with the Independent State of Papua New Guinea, as an affirmation of the parties’ intent to proceed with the Wafi- Golpu gold mining project in Papua New Guinea. 

Gecamines increases stake in Boss Mining joint venture to 49% 

By: Reuters     10th December 2018 The Democratic Republic of Congo's State mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49% after the two companies renegotiated terms. The state miner is moving to increase its take from joint ventures with... 

Sibanye extends union wage agreements to all employees, ends AMCU strike 

By: Marleny Arnoldi     13th December 2018 JSE-listed Sibanye-Stillwater has extended the wage agreement entered into with some unions to all employees, effectively rendering the three-week-long strike by Association of Mineworkers and Construction Union (AMCU) members unprotected. During the course of the strike, which was called by... 

Sibanye extends union wage agreements to all employees, ends AMCU strike

MC secures mining right for Chapudi project

By: Tasneem Bulbulia     11th December 2018 South Africa’s Department of Mineral Resources (DMR) has granted MC Mining a mining right for its 74%-owned Chapudi coking and thermal coal project, in the Limpopo province. The Chapudi project, together with the Mopane and Generaal projects, comprise the company’s longer-term Greater... 

MC secures mining right for Chapudi project
Photo by Creamer Media
MC Mining CEO David Brown

Steenkampskraal to progress BFS following court case conclusion

By: Marleny Arnoldi     11th December 2018 Steenkampskraal Holdings (SHL) will now proceed with a bankable feasibility study (BFS) at its Steenkampskraal rare earths mine, in the Western Cape, following the conclusion of a court case between SHL and contractor ERES Engineering Projects. The High Court last week rescinded the contracts... 

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole 

By: Terence Creamer     13th December 2018 State-owned electricity producer Eskom is going back to the future as it seeks to close an estimated 1.3-billion ton coal shortfall that it calculates will arise over the remaining life of its coal-fired power station fleet. The shortfall calculation takes account of the decommissioning of the... 

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole
Photo by Dylan Slater
Primary energy division GM Dan Mashigo

Amplats finalises R1.8bn Bafokeng Rasimone JV interest sale to RBPlat

By: Marleny Arnoldi     12th December 2018 Anglo American Platinum’s (Amplats’) subsidiary Rustenburg Platinum Mines (RPM) has completed the disposal of its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture (JV) to Royal Bafokeng Platinum (RBPlat) and Royal Bafokeng Resources (RBR). RBR took ownership of the operation on... 

Amplats finalises R1.8bn Bafokeng Rasimone JV interest sale to RBPlat
Photo by Creamer Media
Amplats CEO Chris Griffith

South32 inks US copper alliance with EMX

By: Mariaan Webb     10th December 2018 Diversified miner South32 has entered into regional strategic alliance agreement with a subsidiary of EMX Royalty, focusing on finding copper and other base metals projects in Arizona, New Mexico and Utah. The agreement provides funding for generative work and acquisitions over a two-year... 

Botswana’s Mowana copper mine suspends operations over working capital

By: Reuters     12th December 2018 Mowana Mine, Botswana's only operating copper mine, has suspended operations due to working capital constraints which has seen the company fail to pay salaries and suppliers, it said on Tuesday. Mowana had a conditional $4-million working capital facility from Fujax Minerals and Energy Limited,... 

Orion Minerals to restart Prieska production in 2021 

By: Simone Liedtke     13th December 2018 Polymetallic minerals exploration and development company Orion Minerals’ flagship Prieska zinc/copper mine, in the Northern Cape, is expected to start production by 2021. This is notwithstanding any potential challenges and delays, Orion COO Walter Shamu said during a media briefing on Thursday. 

Orion Minerals to restart Prieska production in 2021

South Africa’s mining production increases 0.5% y/y – Stats SA

By: Tasneem Bulbulia     11th December 2018 Mining production lifted marginally, by 0.5% year-on-year, in October, primarily on the back of strong growth in platinum group metals (PGMs), diamonds and manganese ore output, according to Statistics South Africa (Stats SA). Production of PGMs, which occupy the second-highest weighting in the... 

Wheaton settles with CRA

By: Creamer Media Reporter      14th December 2018 Metals streaming firm Wheaton Precious Metals has reached a settlement with the Canada Revenue Agency (CRA) over transfer pricing, removing uncertainty about the use of its business model going forward. The settlement provides for a resolution of Wheaton’s tax appeal in connection with the... 

CEO joins executive exodus at Dominion Diamond

By: Bloomberg     10th December 2018 Dominion Diamond CEO Patrick Evans has left the company, marking at least the third high-profile departure in less than a year at the Canadian miner, which is owned by billionaire Dennis Washington. Evans confirmed that he departed on December 5. Shane Durgin, who was COO, took over as CEO... 

CEO joins executive exodus at Dominion Diamond

Xolobeni judgment to be appealed

By: Rebecca Campbell     12th December 2018 Mineral Resources Minister Gwede Mantashe confirmed on Wednesday that he was going to appeal the Xolobeni judgment of the Pretoria High Court. That judgment, in November, held that the Mineral Resources Minister could not award a mining right at Xolobeni (in the Wild Coast region of the Eastern... 

Xolobeni judgment to be appealed
Photo by Creamer Media
Mineral Resources Minister Gwede Mantashe

Lucapa recovers 78 ct diamond in Lesotho

By: Esmarie Iannucci     10th December 2018 A 78 ct white diamond has been recovered from the Mothae diamond mine, in Lesotho. ASX-listed Lucapa Diamond Company on Monday reported that the large diamond was recovered through the new 1.1-million-tonne-a-year treatment plant, where commercial production was declared earlier this month. 

Zimbabwe mining minister invites De Beers, Vast Resources to return

By: Reuters     13th December 2018 De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said. A spokesman for De Beers, an Anglo American unit, said in an email it was not mining... 

Zimbabwe mining minister invites De Beers, Vast Resources to return
Photo by Reuters
Zimbabwe Mining Minister Winston Chitando

RPM writes off Atlatsa debt; Atlatsa to go private

By: Marleny Arnoldi     12th December 2018 Atlatsa and Rustenburg Platinum Mines (RPM) have entered into an agreement that will result in RPM acquiring the resources in Atlatsa’s Kwanda North and Central Block prospecting rights, for R300-million, or C$28-million. Following implementation of this transaction, RPM will write off the... 

Newcrest moves on two Chile gold projects

By: Mariaan Webb     11th December 2018 Australia-based gold major Newcrest Mining has expressed an interest in farming into the Gorbea projects, in Chile, which fellow major Yamana Gold previously explored in a joint venture with Mirasol Mining. Newcrest, which is already participating in other JVs with Mirasol, has signed a heads of... 

Minerals Minister defends coal, complains about high electricity prices 

By: Rebecca Campbell     12th December 2018 Mineral Resources Minister Gwede Mantashe has defended the role of coal in the country's energy mix and complained about the harmful effect of high electricity prices on the local beneficiation of minerals. He was delivering the keynote address at the launch, in Pretoria, of a book – The Future... 

Minerals Minister defends coal, complains about high electricity prices

Significant drill targets identified at Kavango’s Botswana project

By: Tasneem Bulbulia     10th December 2018 Kavango Resources has recorded positive results from geophysical follow-up work carried out since the completion of Phase 1 of the airborne electromagnetic (AEM) survey over its Kalahari Suture Zone (KSZ) project, in Botswana. The company noted in a statement issued on Monday that ground-based... 

New Mining Indaba competition draws attention to young talent in mining

By: Marleny Arnoldi     11th December 2018 Mining Indaba, which will be held at the Cape Town International Convention Centre from February 4 to 7, will introduce a new feature for 2019 – the Leaders of Tomorrow competition. The competition is part of the event’s young leaders programme, which is being produced in partnership with... 

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