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South Africa could use mining royalties to set up sovereign fund – Minister

By: Reuters     Updated 2 hours 2 minutes ago South Africa could use mining royalties to set up a proposed sovereign wealth fund, Mineral Resources and Energy Minister Gwede Mantashe said on Wednesday. President Cyril Ramaphosa said in an annual address to parliament last week the government had decided to establish a sovereign fund, but he... 

Eastplats achieves first PGM recoveries from tailings project

By: Marleny Arnoldi     18th February 2020 JSE- and TSX-listed Eastern Platinum (Eastplats) has successfully produced platinum group metal (PGM) concentrate from its refurbished small-scale PGM Circuit D – previously called the scavenger plant circuit. The company is using feed from its retreatment project, located at the company’s... 

Eastplats achieves first PGM recoveries from tailings project
Eastern Platinum's Crocodile River Mine

Lower chrome prices drag down Merafe’s headline earnings

By: Marleny Arnoldi     17th February 2020 JSE-listed Merafe Resources expects to report a basic loss a share of between 52.9c and 58.3c for the year ended December 31. The company also anticipates a headline loss a share of between 2.3c and 2.9c for the year, compared with headline earnings a share of 27.2c for the year ended December... 

NUM members allegedly being ‘held hostage’ at Rustenburg mine

By: Simone Liedtke     13th February 2020 The National Union of Mineworkers (NUM) on Thursday voiced its concern that more than 100 of its members were allegedly “being held hostage” underground at the Lanxess chrome mine, in Rustenburg. According to a statement issued by the NUM, this was as a result of members of the National Union of... 

Gold drives South Africa’s mining production higher

By: Simone Liedtke     13th February 2020 Mining production in South Africa increased by 1.8% year-on-year in December, Statistics South Africa (Stats SA) reported on Thursday. The largest contributors to this were gold, with output up 24.9% and contributed 2.7 percentage points; other nonmetallic minerals, which was up 24.1% and... 

Maputo port breaks record for volumes handled in 2019

By: Marleny Arnoldi     10th February 2020 The Port of Maputo, in Mozambique, handled 21-million tons of goods last year, exceeding its 2018 record of 19.5-million tons. The port handled higher volumes of chrome, magnetite and containers.  

Maputo port breaks record for volumes handled in 2019
Maputo Port

Video: Minerals Council no longer just the voice of the mining majors 

By: Creamer Media Reporter      6th February 2020 The Minerals Council South Africa is no longer just the voice of the mining majors, Grant Mitchell, who heads up the council's Junior and Emerging Miners Desk pointed out in a briefing at the 2020 Investing in African Mining Indaba, this week. He highlighted that 40% of the Minerals Council's... 

Video: Minerals Council no longer just the voice of the mining majors
Minerals Council South Africa Junior and Emerging Miners Desk head Grant Mitchell addresses stakeholders at the 2020 Investing in African Mining Indaba. Video and editing: Nicholas Boyd.

Minerals Council South Africa lobbying strongly for junior miners   

By: Martin Creamer     5th February 2020 Junior and emerging miners hold the majority of the 1 700 to 1 800 mining rights that have been issued in South Africa, Minerals Council South Africa social performance head Alex Khumalo said on Wednesday. But most of these rights are not being exercised, Khumalo revealed at a media briefing he... 

Minerals Council South Africa lobbying strongly for junior miners
Minerals Council social performance head Alex Khumalo, junior miners leadership forum chairperson Errol Smart and junior and emerging miners' desk head Grant Mitchell in a briefing at the 2020 Investing in African Mining Indaba. Video and editing: Nicholas Boyd.

Glencore reports lower full-year copper, ferrochrome output

By: Tasneem Bulbulia     4th February 2020 Global diversified natural resource group Glencore on Tuesday released its full-year production results, with own-sourced copper production of 1.3-million tonnes for the period 82 500 t, or 6%, lower Year-on-year. About half of this (40 800 t) related to its African copper assets, with Katanga's... 

Glencore reports lower full-year copper, ferrochrome output
Photo by Bloomberg
Kamoto

Power curtailments, strikes lower Merafe’s full-year output

By: Marleny Arnoldi     4th February 2020 JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture for the year ended December 31, 2019, was 9% lower year-on-year at 371 000 t. The company’s production for the fourth quarter ended December 31, was also 6% lower year-on-year at 105 000 t.  

Urgent steps needed to revive South Africa’s economy – Minerals Council  

By: Martin Creamer     3rd February 2020 Urgent steps are needed to revive the South African economy, Minerals Council South Africa chairperson Mxolisi Mgojo said on Monday. Speaking on the first day of the four-day Investing in African Mining Indaba, he said the Minerals Council was ready and willing to work with the government. 

Urgent steps needed to revive South Africa’s economy – Minerals Council
Minerals Council chairperson Mxolisi Mgojo discusses low investor confidence in South Africa, while CEO Roger Baxter warns about the deterioration in security in the South African mining industry and how this is impacting on the sector and the economy. Video and editing: Creamer Media's Nicholas Boyd.

Multimetal strategy paying off for Jubilee  

By: Marleny Arnoldi     28th January 2020 Aim- and AltX-listed Jubilee Metals Group delivered record platinum group metal (PGM) earnings for the six months ended December 31, on the back of higher output and metal prices, while its chrome operations showed their resolve, maintaining positive earnings against softer chrome prices. CEO... 

Brother Group gets go ahead to buy Lanxess CISA, chrome tanning salts business

By: Marleny Arnoldi     24th January 2020 The Competition Commission has approved the proposed merger whereby Brother Industrial South Africa (Brothers SA) wants to acquire Lanxess CISA and the chrome chemicals business of Lanxess SA. Brothers SA was established by the Brother Group to effect the transaction. The group is involved in... 

Samancor Chrome may cut nearly 2 500 jobs

By: Reuters     22nd January 2020 South African miner Samancor Chrome said it could cut close 2 500 jobs in response to weak chrome prices and power supply problems, according to a letter to unions seen by Reuters on Wednesday. The warning follows a separate notification about 599 potential job cuts at its smelting operations and... 

Samancor Chrome may cut nearly 2 500 jobs

Anglo's low carbon move, BlackRock addresses climate change, job cuts in ferrochrome 

22nd January 2020 This week Mining Weekly Editor Martin Creamer unpacks Anglo’s low carbon fertiliser contribution, BlackRock’s move to address climate change and potential job cuts in ferrochrome.   

Anglo's low carbon move, BlackRock addresses climate change, job cuts in ferrochrome
Anglo's low carbon move, BlackRock addresses climate change, job cuts in ferrochrome

Job cuts will depress South Africa’s limping economy even more

By: Bloomberg     22nd January 2020 Less than a month into 2020, South African companies have already announced thousands of job cuts. In a country where a third of the labour force is already unemployed, this will put even more strain on demand and economic growth. Almost 8 000 jobs are at risk as companies including Telkom, the... 

World risks 'disaster' as reuse of natural resources declines

By: Reuters     21st January 2020 The proportion of raw materials the world is reusing has fallen, researchers said on Tuesday, warning of a "global disaster" as annual consumption of natural resources rose to 100-billion tonnes for the first time. Just 8.6% of the 100-billion tonnes of materials – including minerals, metals,... 

South African chrome firms warn of more than 1 200 job cuts

By: Reuters     21st January 2020 South African chrome firms on Monday warned of more than 1 200 potential job cuts, citing power cuts, rising electricity tariffs and increased competition from overseas. The potential layoffs highlight the risks posed to Africa's most industrialised economy by struggling state power utility... 

Glencore, Merafe to retrench Rustenburg Smelter employees 

By: Simone Liedtke     17th January 2020 Global miner Glencore Alloys and Merafe Resources have started a Section 189A process. The companies confirmed on Friday that written notice had been given to its employees at its joint venture (JV), the Rustenburg Smelter, in the North West. 

Merafe starts restructuring to fully own MFM 

By: Simone Liedtke     17th January 2020 Ferrochrome producer Merafe Resources has resolved to restructure and simplify its group structure, which will result in the company holding a 100% interest in Merafe Ferrochrome and Mining (MFM). The restructure is believed to be beneficial from an operational perspective and to result in an... 

Billionaire’s letters to Congo’s Kabila were sought by UK fraud watchdog

By: Bloomberg     9th January 2020 UK fraud prosecutors sought an Israeli billionaire’s correspondence with the former President of Democratic Republic of Congo Joseph Kabila as part of one of their largest bribery investigations, a lawyer for the Serious Fraud Office said at a London trial. SFO attorney Jonathan Hall described... 

Afarak warns of retrenchments at South African subsidiaries 

By: Simone Liedtke     9th December 2019 Specialist alloy producer Afarak has said two of its South African subsidiaries – Afarak Mogale and Ilitha Mining – might retrench some employees. The subsidiaries have issued a notice, in terms of Section 189 of the Labour Relations Act, to start to a 90-day period of consultations with workers... 

Samancor to cut chrome ore, ferrochrome output

By: Creamer Media Reporter      6th December 2019 A continued deterioration in market conditions, depressed prices and higher electricity tariffs has prompted Samancor Chrome to reduce its chrome ore and ferrochrome production levels for 2020. It has not yet announced the extent of the planned production cuts. 

Minerals Council members largely compliant with 2010 Charter requirements 

By: Simone Liedtke     4th December 2019 The Minerals Council South Africa on Wednesday published a report on the South African mining industry’s progress in transforming the industry in terms of the Mining Charter. The report was based on a survey by advisory firm Moshe Capital into the council members' transformation and community... 

Minerals Council members largely compliant with 2010 Charter requirements
Photo by Creamer Media
Minerals Council CEO Roger Baxter and public affairs and transformation senior executive Tebello Chabana

Strides made in mine safety, but more should be done – DMRE official 

By: Tasneem Bulbulia     28th November 2019 Although strides have been made in reducing mine fatalities, occupational diseases and industry disasters, there is still work to be done in the mining industry’s quest for zero harm, speakers at the Anglo American Tripartite Health and Safety Initiative, said on Thursday. With the industry... 

Strides made in mine safety, but more should be done – DMRE official

Zimbabwe miners appeal to Minister over power-supply failure

By: Bloomberg     26th November 2019 Zimbabwe’s mining industry has appealed to the government for help, saying output is slumping as the state-owned power company fails to honour electricity-supply contracts. Zesa Holdings has broken its promise to “ring-fence” supplies to miners, Zimbabwe’s Chamber of Mines wrote in a letter last... 

Tharisa’s shares fall on lower earnings expectation

By: Tasneem Bulbulia     22nd November 2019 Platinum group metals and chrome miner Tharisa’s share price on the JSE fell by more than 45% on Friday morning after it announced that its basic earnings a share and headline earnings a share for the 12 months ended September 30 would likely be about 79% lower year-on-year at $0.04 apiece.   The... 

Solar reducing electricity costs, lowering diesel use   

By: Martin Creamer     20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... 

Solar reducing electricity costs, lowering diesel use
SunRanch.Solar talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd

Jubilee’s shares rally as it swings to full-year profit, raises funds 

By: Marleny Arnoldi     14th November 2019 Metals processing company Jubilee Metals’ share price on the JSE rallied by more than 10% on Thursday morning, while its shares on the LSE rose by nearly 7%, after it reported strong growth in earnings for the financial year ended June 30. The Aim- and AltX-listed company reported earnings of... 

Eastplats narrows third-quarter losses

By: Marleny Arnoldi     8th November 2019 JSE- and TSX-listed Eastern Platinum’s (Eastplats’) operating loss narrowed to $800 000 in the third quarter, compared with a loss of $2.4-million in the third quarter of 2018. As a result of positive working capital of $8.4-million as at September 30, the net loss to shareholders decreased to... 

Jubilee acquires additional chrome rights at Inyoni

By: Simone Liedtke     5th November 2019 A subsidiary of South Africa’s largest ferrochrome producer – K2018239983 (NewCo) – has exercised its rights to sell all further chrome rights to the chrome contained in all of the historical tailings at Inyoni, to metals processing company Jubilee Metals. Inyoni was previously known as Jubilee’s... 

Mnangagwa adviser’s company buys biggest Zimbabwe nickel miner

By: Bloomberg     1st November 2019 Control of Bindura Nickel Corp, Zimbabwe’s biggest nickel operation, has been sold to a company linked to an adviser of President Emmerson Mnangagwa. Sotic International., a Mauritius-based firm, bought a 74.73% stake in the company from Asa Resource Group, said Muchadeyi Masunda, Bindura’s... 

Numsa says it wants full disclosure of Ndizani Trust financial statements

By: African News Agency      30th October 2019 The National Union of Metalworkers of South Africa (Numsa) said on Tuesday in a statement that was disappointed that Samancor had not organised a meeting of the working group consisting of employees and labour representatives with Ndizani Trust members.  Numsa said that the working group was... 

Metals sector in costly battle to turn green

By: Reuters     25th October 2019 Metals producers, from miners to smelters, are grappling with increasingly tough and costly environmental demands imposed by banks seeking cleaner investments. While the transition may prove overwhelming for smaller producers, larger companies are playing a long game, casting ahead to a period... 

Merafe reports lower production in Q3 in line with cutbacks

By: Marleny Arnoldi     21st October 2019 JSE-listed Merafe Resources' attributable ferrochrome production from the Glencore-Merafe Chrome Venture for the third quarter ended September 30 was 60 000 t, 29% lower than the 84 000 t produced in the third quarter of 2018. The company on Monday attributed the lower production to increased... 

Growth, emerging contractors positive on exploration

By: Khutso Maphatsoe     18th October 2019 New contractors entering the industry with “lucrative contracts” present an opportunity for the exploration industry to grow, Goscor Earth Moving (GEM) sales executive Murray Leith tells Mining Weekly, referencing the 14.4% growth in the mining sector during the April to June 2019 period.... 

Growth, emerging contractors positive  on exploration
EXPANSION PLANS Goscor Earth Moving is working towards increasing SANY’s presence in the South African market

Transformation in explosives sector yet to ignite

By: Cameron Mackay     18th October 2019 Economic transformation in the mining, drilling and blasting industry remains slow and requires greater engagement from critical roleplayers, such as government, who should encourage the industry to realise the benefits of transformation, says rock blasting and demolition company Master Blasters... 

Transformation in explosives sector  yet to ignite
TRANSFORMATION TROUBLES Despite legislation, emerging black-owned companies still struggle with access to larger mining projects, owing to a lack of resources, experience and support

SA moves to give new impetus to exploration, following years of stagnation 

By: Tracy Hancock     18th October 2019 The absence of new mining projects, owing to limited exploration, continues to weigh on the future sustainability of South Africa’s once thriving mining sector, which once captured a larger share of major mining budgets. “There is simply not enough investment in new mineral exploration to take... 

SA moves to give new impetus to exploration,  following years of stagnation
Mandela Mining Precinct co-director Alastair Macfarlane discusses an initiative under way to stimulate local exploration. Camera work: Kutlwano Matlala. Editing: Nicholas Boyd.
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