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Natascha Viljoen to succeed Griffith as Amplats CEO

By: Marleny Arnoldi     Updated 2 hours 4 minutes ago Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has announced that Natascha Viljoen has been appointed to succeed Chris Griffith as CEO. Amplats earlier this week said Griffith would step down to pursue other career opportunities.  

Natascha Viljoen to succeed Griffith as Amplats CEO
Amplats incoming CEO Natascha Viljoen

Anglo delivers $3.5bn profit, declares final dividend

By: Martin Creamer     Updated 1 hour 32 minutes ago Diversified mining company Anglo American delivered 2019 profit attributable to equity shareholders of $3.5-billion, in line with the prior year. The company, headed by CEO Mark Cutifani, generated underlying earnings of $10-billion, a 9% increase, and $2.3-billion of attributable free cash flow. 

Anglo delivers $3.5bn profit, declares final dividend
Photo by Creamer Media
Anglo American CEO Mark Cutifani

Price-spiking palladium must be substituted with platinum – Sibanye-Stillwater 

By: Martin Creamer     19th February 2020 It is incumbent on the end users to help platinum group metals mining companies to a position where the platinum price will not be destroyed, Sibanye-Stillwater CEO Neal Froneman said on Wednesday. Speaking during the presentation of superlative results, Froneman said the industry could not... 

Price-spiking palladium must be substituted with platinum – Sibanye-Stillwater
Photo by Creamer Media's Donna Slater
Neal Froneman

Very Proudly South African Sibanye-Stillwater set to take on world – Froneman 

By: Martin Creamer     19th February 2020 An upbeat Neal Froneman said on Wednesday that world would see his “very Proudly South African’ precious metals mining company Sibanya-Stillwater take on global companies across the world. Speaking after the relisting of the platinum group metals (PGM) and gold mining company at the Johannesburg... 

Very Proudly South African Sibanye-Stillwater set to take on world – Froneman
Photo by Creamer Media's Donna Slater
JSE CEO Dr Leila Fourie (left) and Sibanye-Stillwater CEO Neal Froneman.

Hydrogen fuel cells the next big disruptive technology – Sibanye-Stillwater  

By: Martin Creamer     19th February 2020 The next big disruptive technology will be hydrogen fuel cell technology, which is platinum rich, Sibanye-Stillwater CEO Neal Froneman said on Wednesday. Speaking ahead of half-year results of a 44% increase in revenue to R73-billion and a R432-million profit for 2019, Froneman stated that this... 

Sibanye-Stillwater CEO Neal Froneman talks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer. Photographs: Donna Slater.

Sibanye-Stillwater delivers phenomenal 260% return – JSE 

By: Martin Creamer     19th February 2020 Top-performing Sibanye-Stillwater delivered a phenomenal return of 260% on the Johannesburg Stock Exchange in 2019, JSE CEO Dr Leila Fourie stated on Wednesday when the company relisted to the accompaniment of a rapid 5.3% early-afternoon soaring of its share price. From a Gold Fields spinoff... 

Sibanye-Stillwater delivers phenomenal 260% return – JSE
Photo by Creamer Media's Donna Slater
Sibanye-Stillwater's ceremony at JSE

Odey urges Anglo American to raise bid for Sirius Minerals

By: Reuters     19th February 2020 London-based hedge fund Odey Asset Management said it would oppose Anglo American's bid to acquire a huge fertiliser project from Sirius Minerals at 5.5p a share, saying the terms do not represent fair value. The asset under a national park in North Yorkshire is Britain's biggest mining project... 

Odey urges Anglo American to raise bid for Sirius Minerals

Mantashe says Ministerial Determinations needed to unlock IRP 2019 are finalised and await Nersa’s concurrence 

By: Terence Creamer     19th February 2020 Mineral Resources and Energy Minister Gwede Mantashe announced on Wednesday that the Section 34 Ministerial Determinations required to give effect to the Integrated Resource Plan 2019 had been finalised and were currently serving before the National Energy Regulator of South Africa in order to... 

Mantashe says Ministerial Determinations needed to unlock IRP 2019 are finalised and await Nersa’s concurrence
Mineral Resources and Energy Minister Gwede Mantashe

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

By: Reuters     Updated 2 hours 29 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... 

Wescoal advances Vanggatfontein, Moabsvelden projects

By: Marleny Arnoldi     Updated 24 minutes ago JSE-listed coal miner Wescoal says its Moabsvelden project implementation is progressing to plan with a contract mine having been selected. The appointment, however, remains subject to a contract mining agreement being signed.  

Universal pleads for shareholders to hold fast

By: Esmarie Iannucci     Updated 2 hours 25 minutes ago South Africa-focused coal miner Universal Coal has maintained its advice that shareholders not take any action in regards to a takeover bid from fellow-listed TerraCom, despite the suitor’s reports that its offer had garnered significant attention. TerraCom earlier this week reported that... 

Iluka halts Sierra Rutile, mulls royalty spin-off

By: Esmarie Iannucci     Updated 3 hours ago Mineral sands miner Iluka has temporarily suspended operations at its Sierra Rutile operation, in Sierra Leone, following a community disruption overnight. The company said that the disruption is expected to be resolved shortly, with operations to resume over the coming days. 

Bill Gates-led fund invests in making lithium mining more sustainable

By: Bloomberg     Updated 1 hour 31 minutes ago Breakthrough Energy Ventures, helmed by Bill Gates, and MIT’s The Engine fund are leading an investment round of $20-million for Lilac Solutions, a US startup aimed at making the extraction of lithium less water-intensive and more sustainable. As the world looks to cut carbon emissions, people... 

Vedanta’s Naidoo calls for increased female representation in mining

By: Simone Liedtke     19th February 2020 Vedanta Zinc International CEO Deshnee Naidoo has called on the South African mining industry to “change the gender narrative” and to engage in conversations about the lack of female representation in the industry. According to recently published statistics by the Minerals Council South Africa,... 

Vedanta’s Naidoo calls for increased female representation in mining
Vedanta Zinc International CEO Deshnee Naidoo

TerraCom's offer for Universal gains traction

By: Esmarie Iannucci     19th February 2020 Suitor TerraCom’s takeover offer for ASX-listed Universal Coal seems to have gained traction with shareholders, despite Universal’s obvious reluctance. TerraCom on Wednesday announced that acceptances to date, when aggregated with TerraCom’s existing interest in Universal, gave the company over... 

ERG mulls construction of battery metals plant

By: Creamer Media Reporter      19th February 2020 Diversified natural resources group Eurasian Resources Group (ERG) is assessing options for the construction of a plant to produce nickel/cobalt/manganese (NCM) precursor materials for use in lithium-ion batteries in electric vehicles (EVs). The group is planning to develop the proposed plant in... 

Lucapa keeps digging at Lulo

By: Esmarie Iannucci     19th February 2020 Diamond miner Lucapa will continue the hunt for the primary hard-rock sources of alluvial diamonds at its Lulo mine, in Angola, noting that the first stream bulk samples excavated from the Canguige tributary had resulted in the recovery of 45 diamonds weighing 30.3 ct. The bulk sample included... 

Altus shareholders give go ahead for La Mancha deal

By: Marleny Arnoldi     19th February 2020 Aim- and TSX-V-listed Altus Strategies on Wednesday said its shareholders had approved all resolutions to effect the proposed strategic investment by mining investment group La Mancha Holding in the company. Altus will issue about 124-million new ordinary shares at a price of C$0.09 apiece to... 

Zimbabwe threatens to withdraw mining licences over unpaid fees

By: Reuters     19th February 2020 Zimbabwe has given holders of mining concessions up to the end of April to pay $11-million in outstanding annual fees or risk losing their licences, the mines minister said on Tuesday. Mining is the biggest earner of foreign exchange in the southern African nation, which hopes the sector will... 

Gold tops $1 600 as virus fuels growth fears

By: Bloomberg     19th February 2020 Gold traded near the highest level since 2013 on concerns over the spread of the new coronavirus and how it’s impacting global growth. Palladium topped $2 700/oz as it continued its record-breaking rally. Bullion steadied after surging 1.3% Tuesday’s as Apple’s warning that the virus and efforts... 

Wits DigiMine to host digital mining technology seminar in April

By: Tasneem Bulbulia     19th February 2020 The Wits Mining Institutes’ (WMI’s) Digital Mining Laboratory, DigiMine, will host a seminar on digital mining technology from April 7 to 9 at the University of the Witwatersrand Club. The seminar is expected to shed light on digital technology trends within the mining industry and will be... 

Wits DigiMine to host digital mining technology seminar in April
DigiMine

Moody’s expanded gold price range allows for flexibility in credit assessments

By: Marleny Arnoldi     19th February 2020 Ratings agency Moody’s has expanded its price sensitivity range for gold, based on supportive factors such as lower-for-longer interest rates and geopolitical uncertainties. Moody’s has increased the higher end of the sensitivity range by $100/oz to $1 400/oz, while the lower end of the range... 

Colombia looks to recover $181.5m in alleged unpaid royalties from South32

By: Reuters     Updated 7 minutes ago Colombia has launched an investigation over alleged unpaid royalties of 619-billion pesos ($181.5-million) from iron and nickel production at Australian miner South32's Cerro Matoso mine between 1982 and 2012, the country's comptroller said Wednesday. According to initial findings the Australian... 

Lydian wins water right, but illegal blockades keep project in limbo

By: Creamer Media Reporter      Updated 12 minutes ago Canada’s Lydian International, which delisted from the TSX earlier this month, has been granted a water permit for its Amulsar project, in Armenia, but illegal blockades continue to prevent construction from resuming. Lydian has been issued a permit to draw 11 ℓ/s from the Arpa river. The... 

Kirkland aims for ‘well over half-a-billion’ free cash flow, designates Holt as noncore

By: Mariaan Webb     Updated 38 minutes ago Gold miner Kirkland Lake has raised its guidance for the year to between 1.47-billion and 1.54-billion, to reflect the addition of the recently acquired Detour Lake mine, in northern Ontario. The new mine will add between 520 000 oz and 540 000 oz to the group’s production for the year, with the... 

Kirkland aims for ‘well over half-a-billion’ free cash flow, designates Holt as noncore
Kirkland Lake CEO Tony Makuch

Mexico to resume search for miners killed in 2006 blast

By: Reuters     Updated 1 hour 16 minutes ago The Mexican government will resume a search for the bodies of dozens of coal miners killed in a blast more than a decade ago, after mining firm Grupo Mexico returned the concession for the site to the government, officials said on Wednesday. Speaking on the 14th anniversary of the blast, Labor... 

Albemarle expects 2020 profit drop as lithium prices sag

By: Reuters     Updated 1 hour 20 minutes ago Albemarle, the world's largest lithium producer, reported a lower-than-expected quarterly profit on Wednesday and forecast a double-digit drop in 2020 earnings on weak prices for the battery metal. Lithium companies in the past year have been producing more than automakers currently need,... 

Newmont invests $150m in ‘world-first’ autonomous fleet at Boddington

By: Creamer Media Reporter      Updated 1 hour 26 minutes ago The board of NYSE- and TSX-listed Newmont has approved a $150-million autonomous haulage system (AHS) investment for the Boddington mine, which will turn the Australian mine into the world’s first openpit gold mine to operate a fleet of autonomous haul trucks. Announcing the investment on... 

Newmont invests $150m in ‘world-first’ autonomous fleet at Boddington
The fleet of autonomous CAT 793F mining trucks will be fully operational in 2021 at Newmont’s Boddington mine in Australia and will be the first autonomous haulage system in an openpit gold mine in the world.

Mt Thirsty PFS supports development

By: Esmarie Iannucci     Updated 2 hours 3 minutes ago A prefeasibility study (PFS) into the Mt Thirsty cobalt/nickel joint venture (JV), in Western Australia, has found that the project could support the production of 19 100 t/y of cobalt and 24 800 t/y of nickel as a mixed sulphide product over a mine life of 12 years. The PFS estimated that the... 

Gold prices keep Sandfire solid

By: Esmarie Iannucci     Updated 2 hours 24 minutes ago Copper/gold miner Sandfire Resources has reported a solid end to the six months ending December, despite weaker US dollar copper prices. Sandfire on Thursday reported that sales revenue for the interim period reached A$313.1-million, up from the A$272.3-million, with copper sales up from 32 715... 

Resources Watch 

Updated 2 hours 39 minutes ago Harmony Gold decries attacks on gold plants; DRDGold pleased with ‘wonderful’ gold performance; and, 'Green’ is king as ESG sweeps through mining world 

Resources Watch

Soft coal prices tank Whitehaven profits

By: Esmarie Iannucci     Updated 3 hours ago Coal miner Whitehaven Coal has reported a 30% drop in revenue for the interim period ending December, as coal prices tumbled. The ASX-listed miner on Thursday reported that revenue for the six months under review reached A$885.1-million, down from the A$1.2-billion achieved in the previous... 

Santos reports profit surge

By: Esmarie Iannucci     Updated 3 hours ago Oil and gas major Santos has reported a 7% increase in net profits after tax for the full year ending December, with the ASX-listed company reporting record annual free cash flows. Net profits after tax for the full year reached $674-million, up from the $630-million reported in the previous... 

Santos reports profit surge

France's Eramet freezes lithium mine project in Argentina

By: Reuters     19th February 2020 Eramet has postponed an Argentine lithium mine project aimed at shifting the group's focus towards electric vehicle minerals, it said, citing economic and regulatory uncertainty in the debt-stricken South American country. The French company had been due to make a final investment decision on... 

Denison upbeat about Phoenix ISR initial core leach tests results

By: Creamer Media Reporter      19th February 2020 Initial data from core leach tests at the Phoenix in-situ recovery (ISR) project has established uranium concentrations that are up to four times the amount assumed in the prefeasibility study (PFS), dual-listed Denison Mines reports. The test work returned concentrations of 13.5 g/l to 39.8... 

China boosts first batch rare-earth mining quota for 2020

By: Bloomberg     19th February 2020 The coronoavirus outbreak isn’t damping appetite for rare-earth minerals in China. The country has increased the first batch of mining quotas for the strategic materials used in everything from electric vehicles to military hardware. The quota for six dominant producers, including China Northern... 

New Hope output picks up despite New Acland delays

By: Esmarie Iannucci     19th February 2020 Coal miner New Hope has reported a 9% increase in coal production for the quarter ended January, and an 84% increase in production in the six months ended January, as the Bengalla project, in New South Wales, increased output. Total saleable coal production for the quarter reached 2.8-million... 

Silvercorp resumes operations at China mines

By: Creamer Media Reporter      19th February 2020 Dual-listed Silvercorp Metals has resumed mining operations at its Ying and CG mines, following an extended holiday period shutdown in line with the Chinese government’s efforts to contain the spread of the coronavirus. Silvercorp’s production was suspended on January 17 for the Chinese New Year... 

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Hydrogen fuel cells the next big disruptive technology – Sibanye-Stillwater

Pan African’s strategy yields strong interim results

Modernisation, digitisation part of next value delivery – Amplats

Substitution outlook intensifies with platinum at half palladium price ­– Amplats

Hydrogen fuel cell mining set to cut Amplats’ greenhouse gas emissions – Griffith

Bushveld sees battery storage potential beyond EVs

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