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Audio Articles

Palladium tops $1 600 as metal sets new highs on supply shortage  

By: Bloomberg     19th March 2019 Palladium topped $1 600/oz for the first time, and there’s little sign of the rally slowing as global supply tightens. The price of the metal – mainly used in autocatalysts in gasoline vehicles – has almost doubled from a recent low in August. Demand has remained robust as manufacturers scramble... 

Menar’s Canyon offers Eskom cheaper coal on open-book basis  

By: Martin Creamer     19th March 2019 Coal mining company Canyon Coal, a Menar group company, is prepared to offer coal to State-owned electricity utility Eskom at a cheaper price on an open-book basis from two new projects. The Menar group, which does not supply coal to Eskom at present, employs 3 500 people on a R7-billion asset... 

Menar’s Canyon offers Eskom cheaper coal on open-book basis
Menar MD and Canyon Coal executive chairperson Vuslat Bayoğlu talks to Mining Weekly Online’s Martin Creamer. Photos: Creamer Media’s Dylan Slater. Video: Nicholas Boyd

Rio Tinto must face SEC suit over Mozambique coal assets 

By: Bloomberg     19th March 2019 Rio Tinto Group must face a US Securities and Exchange Commission (SEC) lawsuit over the company’s valuation of coal assets in Mozambique, a federal judge ruled. US authorities in October 2017 filed fraud charges against London-based Rio Tinto, former CEO Tom Albanese and former CFO Guy... 

Rio Tinto must face SEC suit over Mozambique coal assets
Photo by Creamer Media
Rio Tinto former CEO Tom Albanese

Labour Court dismisses AMCU interdict against Sibanye restructuring 

By: Marleny Arnoldi     18th March 2019 Sibanye-Stillwater on Monday said the South African Labour Court has dismissed the application made by the Association of Mineworkers and Construction Union (AMCU) to interdict the Section 189A restructuring process at the miner’s gold operations in South Africa. Sibanye on February 14... 

Labour Court dismisses AMCU interdict against Sibanye restructuring
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Bristow taking Barrick helm aids Acacia talks, Tanzania AG says  

By: Bloomberg     18th March 2019 Mark Bristow taking over the leadership of Barrick Gold facilitated negotiations with Tanzania about a multibillion-dollar tax dispute that could be resolved by May, the country’s attorney general said. Barrick unit Acacia Mining has been at odds with Tanzania’s government since July 2017, when... 

Wesizwe to scale back Bakubung’s output 

By: Tasneem Bulbulia     18th March 2019 Wesizwe has resolved to implement a new mine plan at its Bakubung mine, in Rustenburg, which will entail the development of a one-million-tonne-a-year mine with a one-million-tonne-a-year processing plant to treat the ore. The company explained in a news release that the decision was taken as a... 

Wesizwe to scale back Bakubung’s output

Sitatunga starts project implementation activity at East Managanese 

By: Marleny Arnoldi     15th March 2019 Exploration and mining development company Sitatunga Resources will start building its first manganese mine, in the Northern Cape, this year, following receipt of the last regulatory authorisations. The Department of Mineral Resources (DMR) on February 22 granted environmental authorisation for... 

Sitatunga starts project implementation activity at East Managanese
Photo by Sitatunga
East Manganese project approval granted.

Amplats donates 270 ha of land to support land reform 

By: Nadine James     15th March 2019 Anglo American Platinum (Amplats) on Friday handed over 270 ha of land, worth about R26-million, to the Rustenburg local municipality and the Rustenburg Alchemy Development Trust to support sustainable land reform and transformation. Parent company Anglo American said the donation, which followed... 

Amplats donates 270 ha of land to support land reform
Photo by Creamer Media's Dylan Slater
Amplats CEO Chris Griffith and Rustenburg Alchemy Development Trust chairperson Nthabiseng Matsobane

South African court blocks AMCU's plans for industry-wide strike 

By: Reuters     15th March 2019 The labour court has rejected a request by platinum and gold sector union, the Association of Mineworkers and Construction (AMCU), to hold an industry-wide strike, Anglogold Ashanti, Anglo American Platinum (Amplats) and Lonmin said on Friday. AMCU has been on strike at Sibanye-Stillwater's gold... 

Phase 1 of MC Mining’s Makhado project approved 

By: Simone Liedtke     14th March 2019 ASX-, Aim- and JSE-listed MC Mining’s directors have approved the phased development of the company’s flagship Makhado coking coal project, which will result in the start of mining operations on the west pit. Construction of Phase 1 is set to start in the third quarter of this year. 

'Historic’ Arnot transaction realises aspirations of Mining Charter 3 – Mgojo 

By: Nadine James     14th March 2019 Diversified miner Exarro Resources has facilitated a transaction that enables former employees of Exxaro Coal Mpumalanga (ECM) to participate in 50:50 joint venture that is set to acquire the assets and liabilities of the Arnot coal mine, in Mpumalanga. On February 22, Exxaro signed a transfer... 

'Historic’ Arnot transaction realises aspirations of Mining Charter 3 – Mgojo
Photo by Creamer Media
MXOLISI MGOJO

Exxaro delivers record coal output, sales; ups total dividend  

By: Nadine James     14th March 2019 Empowered diversified miner Exxaro Resources achieved a robust financial performance for the year ended December 31, 2018. The company reported record coal production, sales and exports, while its revenue increased by 12% year-on-year to R25.5-billion. Its earnings before interest, taxes,... 

Exxaro delivers record coal output, sales; ups total dividend
Exxaro CEO Mxolisi Mgojo discusses the group’s full year results, digitalisation strategy and Arnot transaction. Camerawork and editing: Creamer Media's Darlene Creamer

2018 a year of ‘transformational’ growth, says B2Gold 

By: Simone Liedtke     13th March 2019 For dual-listed B2Gold, 2018 was a year of “transformational” growth, which was highlighted by the first full year of commercial production from its new large and low-cost Fekola mine, in Mali, and record yearly production from its Masbate mine, in the Philippines. The year also marked the gold... 

Gem Diamonds posts surge in earnings, record production for 2018 

By: Natasha Odendaal     13th March 2019 LSE-listed Gem Diamonds on Wednesday posted a significant surge in earnings as it delivered record diamond recoveries for the year ended December 31, 2018. The diamond miner reported a profit for the year of $46.6-million, compared with the $20.8-million achieved, before exceptional items, in... 

Kenmare delivers record shipment volumes for third consecutive year 

By: Nadine James     13th March 2019 Mozambique-focused titanium minerals producer Kenmare Resources on Wednesday announced “strong” preliminary results for the 2018 financial year. Its flagship operation, the Moma mine, in northern Mozambique, is a tier-one asset with a resource life of over 100 years at planned production levels,... 

Kenmare delivers record shipment volumes for third consecutive year
Kenmare MD Michael Carvill

Mining Charter provides certainty, but elements of concern remain – Leon 

By: Tasneem Bulbulia     12th March 2019 The Broad-Based Socio-Economic Empowerment Charter for the Mining and Minerals Industry 2018, better known as Mining Charter 3, came into force on Friday, March 1 – almost three years after the publication of the first draft. This brought to a close more than nearly three years of uncertainty and... 

AMCU denies personal vendetta with Sibanye CEO 

By: Creamer Media Reporter      12th March 2019 The Association of Mineworkers and Construction Union (AMCU) on Tuesday said it denied that the strike action at precious metals miner Sibanye-Stillwater's gold operations has become a personal vendetta between AMCU president Joseph Mathunjwa and Sibanye CEO Neal Froneman. In its statement,... 

Barrick and Newmont end hostility with Nevada JV agreement 

By: Simone Liedtke     11th March 2019 Canadian gold major Barrick Gold has ended its hostile takeover offer of US miner  Newmont Mining and instead agreed to create a joint venture (JV) combining their respective mining operations, assets, reserves in Nevada. The two gold miners have been operating independently in Nevada for... 

Barrick and Newmont end hostility with Nevada JV agreement
Newmont Mining CEO Gary Goldberg (left) and Barrick Gold CEO Mark Bristow (right)

Merafe declares record dividend on lower profit, higher output

By: Martin Creamer     11th March 2019 Chrome and ferrochrome company Merafe, which on Monday reported lower profit on higher production, has declared a record dividend that represents a distribution of 51% of headline earnings. The ungeared company had net year-end cash of R281-million and the R200-million unsecured, three-year... 

Merafe declares record dividend on lower profit, higher output
Photo by Creamer Media
Merafe CEO Zanele Matlala

Bauba’s new chrome wash plant reaches targeted throughput level 

By: Tasneem Bulbulia     11th March 2019 Platinum and chrome explorer and producer Bauba Platinum’s new wash plant at the Moeijelijk chrome mine, in Limpopo, is producing at its planned throughput levels, boding well for the company to improve its profit margins, the JSE-listed firm reported on Friday, as it reported a half-year loss.... 

Bauba’s new chrome wash plant reaches targeted throughput level
Photo by Creamer Media
Bauba CEO Nick van der Hoven

Acacia designing new TSF at North Mara to prevent spillage into environment 

By: Simone Liedtke     8th March 2019 Gold miner Acacia Mining on Friday assured its shareholders that it was working on a solution to prevent any seepage from its tailing storage facility (TSF) at the North Mara mine, in Tanzania. The government of Tanzania had also directed the mine to resolve a spillage of water at its polishing... 

Tanzania orders cleanup at Acacia gold mine, threatens closure 

By: Reuters     8th March 2019 Tanzania has given Acacia Mining up to March 30 to stop waste water pollution at North Mara gold mine or face a shutdown, its mining minister said. Doto Biteko, said he had issued the deadline to stop what he said was seepage of contaminated water from a mining waste storage dam to surrounding... 

Multibillion-dollar Zim PGMs project making progress 

By: Natasha Odendaal     8th March 2019 In the heart of the Great Dyke of Zimbabwe, within the world’s second-largest known platinum group metals (PGMs) deposits, exploration has started on the 23 903 ha mining area of the Karo platinum project. One year after Cyprus-based Karo Mining signed the $4.2-billion deal to develop the latest... 

Multibillion-dollar Zim PGMs project making progress

Negotiations to acquire Universal ongoing – Wescoal 

By: Tasneem Bulbulia     7th March 2019 JSE-listed Wescoal on Thursday said negotiations regarding a potential buyout of Universal Coal by a consortium that Wescoal is a part of, were ongoing. “Negotiations regarding the conclusion of detailed transaction agreements are still in progress,” it said in a statement. 

Jogmec finalises 9.75% Waterberg project stake sale to Hanwa 

By: Marleny Arnoldi     7th March 2019 TSX- and NYSE-listed Platinum Group Metals (PTM) on Thursday reported that Japan Oil, Gas and Metals National Corporation (Jogmec) has completed the transfer of a 9.75% interest in the Waterberg palladium project, in South Africa, to Hanwa. Jogmec previously held a 21.95% interest in the... 

Upper ore breakthrough boosts Implats’ Zimbabwe resource base 

By: Martin Creamer     7th March 2019 The development of an effective method of mining upper ores, which have in the past been excluded from stoping plans, has increased the resource base of the Bimha and Mupani platinum group metals (PGMs) mines in Zimbabwe, Impala Platinum (Implats) CEO Nico Muller has disclosed. In response to... 

Upper ore breakthrough boosts Implats’ Zimbabwe resource base
Zimplats Mupani Mine

RBPlat reopens UG2 shaft, creates UG2 access points at Styldrift  

By: Martin Creamer     6th March 2019 Flexibility is a re-emphasised aspect of platinum group metals (PGMs) mining strategy. Changed demand has resulted in the need to twist and turn quickly to benefit from the rise in prices of metals in the PGM basket. Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri made special mention of... 

RBPlat reopens UG2 shaft, creates UG2 access points at Styldrift
Royal Bafokeng Platinum CEO Steve Phiri talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Christo Greyling.

Platinum market to remain in surplus despite expected rise in demand – WPIC  

By: Nadine James     6th March 2019 Global platinum demand is expected to increase by 5% to 7.7-million ounces this year, owing to a significant increase in investment demand, which should offset weaker demand in the automotive, jewellery and industrial segments, the World Platinum Investment Council (WPIC) said on Wednesday. In... 

Platinum market to remain in surplus despite expected rise in demand – WPIC

RBPlat studying solar energy, upgrading slimes dams  

By: Martin Creamer     5th March 2019 Black-owned and black-managed mining company Royal Bafokeng Platinum (RBPlat) is investigating the use of renewable energy sources and investing in the upgrading of its tailings storage facilities. The company said in reply to Mining Weekly Online during question time at Tuesday’s presentation of... 

RBPlat studying solar energy, upgrading slimes dams
RBPlat executive head: operations Neil Carr outlines solar, tailings plans to Mining Weekly Online’s Martin Creamer. Photo: Creamer Media’s Dylan Slater. Video: Creamer Media’s Nicholas Boyd.

RBPlat highlights encouraging new govt approach to mining  

By: Martin Creamer     5th March 2019 South Africa’s only community owned mining group, Royal Bafokeng Platinum (RBPlat), on Tuesday highlighted the positive contribution being made to the local mining industry by President Cyril Ramaphosa and Mineral Resources Minister Gwede Mantashe and pledged to do its bit towards conquering... 

RBPlat highlights encouraging new govt approach to mining
RBPlat CEO Steve Phiri endorses new government approach at presentation covered by Mining Weekly Online’s Martin Creamer. Photo: Creamer Media’s Dylan Slater. Video: Creamer Media’s Nicholas Boyd

Royal Bafokeng Platinum secures R1bn building block  

By: Martin Creamer     5th March 2019 Black-owned and black-managed platinum group metals mining company Royal Bafokeng Platinum (RBPlat) on Tuesday announced a capital raise of R1 029-million through a rights offer that represents the key final building block to secure the company's path to 500 000 oz of platinum group element (4E)... 

Royal Bafokeng Platinum secures R1bn building block
RBPlat CFO Hanré Rossouw spells out rights offer at presentation covered by Mining Weekly Online’s Martin Creamer. Photo: Creamer Media’s Dylan Slater. Video: Creamer Media’s Nicholas Boyd

Newmont rejects Barrick offer, says it will ‘reduce not enhance’ stockholder value 

By: Marleny Arnoldi     4th March 2019 NYSE-listed Newmont Mining Corporation’s board of directors has unanimously determined that NYSE- and TSX-listed Barrick Gold Corporation made an unsolicited, all-stock negative premium proposal to acquire Newmont, which was not in the best interest of shareholders. The Newmont board undertook... 

Newmont rejects Barrick offer, says it will ‘reduce not enhance’ stockholder value
Photo by Bloomberg
Newmont CEO Gary Goldberg

Anglo American Sefa Mining Fund to become an Orion shareholder 

By: Simone Liedtke     4th March 2019 The Anglo American Sefa Mining Fund (AASMF) will become a shareholder of ASX- and JSE-listed Orion Minerals. This follows after the parties agreed to restructure Orion subsidiary Repli Trading, with Orion to issue shares to AASMF in consideration of preference shares held by the fund in Repli,... 

Congo President supports predecessor's mining policies  

By: Bloomberg     4th March 2019 The Democratic Republic of Congo’s new President appeared to offer support to his predecessor’s defining mining policies, which are opposed by international investors active in the country. “We will clean up the business climate through the popularization of the new mining code and the conclusion... 

Mine fatalities decrease by 10% in 2018 

By: Simone Liedtke     1st March 2019 Following the notable regression of mine health and safety in 2017, which resulted in the death of 90 mineworkers, the Department of Mineral Resources (DMR) chief inspector David Msiza on Friday said there were 10% fewer fatalities – 81 – in 2018. As health and safety is integral to the long-term... 

Mine fatalities decrease by 10% in 2018
Photo by Creamer Media's Dylan Slater
Department of Mineral Resources (DMR) chief inspector David Msiza

Gazetting of platinum group metals zone expected by May – Implats 

By: Martin Creamer     1st March 2019 The gazetting of the area dedicated to platinum-using fuel cell development in the Springs area is expected to be complete by May this year, Impala Platinum (Implats) group executive refining and marketing Sifiso Sibiya said this week. Responding to Mining Weekly Online during the Implats media... 

Gazetting of platinum group metals zone expected by May – Implats
Impala Platinum group executive refining and marketing Sifiso Sibiya

ARM’s H1 headline earnings up 13% y/y 

By: Marleny Arnoldi     1st March 2019 Diversified miner African Rainbow Minerals (ARM) achieved a 13% increase in headline earning to R2.2-billion for the six months ended December 31, 2018, compared with R1.9-billion in the six months ended December 31, 2017. The company, which is led by chairperson Patrice Motsepe and CEO Mike... 

ARM’s H1 headline earnings up 13% y/y
Photo by Creamer Media
ARM chairperson Patrice Motsepe

Gamsberg ‘a breath of fresh air’ in embattled South African mining industry – Ramaphosa 

By: Simone Liedtke     28th February 2019 President Cyril Ramaphosa on Thursday presided over the official inauguration of Vedanta Zinc International’s (VZI’s) Gamsberg mine, near Aggeneys, in the Northern Cape. The mine, which boasts one of the largest known and undeveloped zinc orebodies in the world, will contribute more than... 

Gamsberg ‘a breath of fresh air’ in embattled South African mining industry – Ramaphosa
Photo by Creamer Media's Simone Liedtke
Northern Cape Premier Sylvia Lucas, President Cyril Ramaphosa, Vedanta Resources chairperson Anil Agarwal, VZI CEO Deshnee Naidoo and Mineral Resources Minister Gwede Mantashe
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