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Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

AngloGold moves to avoid 2 000 job losses in South Africa region

By: Martin Creamer     20th August 2018 The once overwhelmingly dominant South Africa segment of gold mining company AngloGold Ashanti has been reduced to a mere loss-making shadow of its former self. In the six months to June 30, South Africa produced a mere 10% of the company’s gold unprofitably. 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

Palladium dubbed 'unobtainium', rhodium 'next palladium'

By: Martin Creamer     7th March 2018 While diesel demonisation continues to the detriment of platinum, several key steps that will benefit platinum are poised to be taken in the next 18 to 24 months. The first of these key steps is the substitution of platinum for palladium in gasoline systems, against the backdrop of palladium... 

Implats harvests loss shafts, mulls more investment in profitable shafts 

By: Martin Creamer     1st March 2018 The 40 000-employee Impala Platinum Mine in Rustenburg, which is 'harvesting' unprofitable shafts while studying additional investment opportunities in the many profit-making shafts within its well-endowed, long-life lease area, has set in motion a process to cut costs by R1-billion. Harvesting,... 

Northam Platinum to create 6 500 new jobs in growth thrust 

By: Martin Creamer     23rd February 2018 Platinum group metals (PGMs) mining company Northam, which is in a strong organic and acquisitive growth phase, will be generating 6 500 new mining jobs in the next four to five years, which dovetails with President Cyril Ramaphosa's 'sunrise' aspirations expressed in his well-received State of... 

Company continues ramp-up of new iron-ore asset

By: Natasha Odendaal     8th December 2017 Industrial minerals, commodities and construction materials group Afrimat has successfully recommissioned its recently acquired iron-ore play, with full production on track for March 2018. The acquisition of the distressed small iron-ore mine, Diro, in the Northern Cape, had marked a new phase... 

Prieska project to start production by 2020

By: Nadine James     29th November 2017 Dual-listed base metals miner Orion Minerals’ Prieska zinc/copper project could start production by 2020, says Orion MD and CEO Errol Smart. Addressing a media roundtable on Tuesday, he commented that the current project timeline envisages the completion of a Joint Ore Reserves... 

Afrimat continues ramp-up of new iron-ore asset Diro

By: Natasha Odendaal     2nd November 2017 Industrial minerals, commodities and construction materials group Afrimat has successfully recommissioned its recently acquired iron-ore play, with full production on track for March. The acquisition of the distressed small iron-ore mine, Diro, in the Northern Cape, had marked a new phase of... 

Electric buses expected to spur platinum demand – Implats 

By: Martin Creamer     19th September 2017 Electric buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the... 

AngloGold announces potential disposal of lossmaking Kopanang

By: Martin Creamer     15th September 2017 A memorandum of understanding (MoU) has been signed with a selected party which could result in a sale agreement involving the disposal of the 36-year-old, lossmaking Kopanang gold mine. AngloGold Ashanti said in a media release to Creamer Media’s Mining Weekly Online on Friday that unsolicited... 

Lossmaking operations will not be supported – Implats 

By: Martin Creamer     14th September 2017 South Africa’s second-biggest platinum mining company Impala Platinum (Implats) said on Thursday that it would no longer be supportive of lossmaking operations and was taking strong steps to bring about a cash neutral position at its major productivity-hit Impala Rustenburg platinum mine and... 

Northam ploughs 80% more funding into platinum jewellery marketing 

By: Martin Creamer     30th August 2017 Platinum group metals (PGMs) mining company Northam Platinum has increased its contribution to the industry’s funding of the marketing of platinum jewellery. In the 12 months to June 30 next year, its contribution will be $900 000, 80% up on the $500 000 contributed in the financial year just... 

Northam initiates R100m tailings retreatment project 

By: Martin Creamer     28th August 2017 A new R100-million tailings retreatment project has been initiated by platinum-mining company Northam at its Booysendal South asset, acquired from Aquarius Platinum. The project, which involves hydromining and the reprocessing of the of the Booysendal South tailings storage facility (TSF), aims... 

AngloGold Ashanti results, plans for future SA mines  

24th August 2017 AngloGold Ashanti recently presented its half year results in Johannesburg and held a media roundtable discussing its plans for future South African mines. Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the outcomes and plans. 

Strong operating recovery as AngloGold sets new safety record

By: Martin Creamer     21st August 2017 Production of 1.748-million ounces after strong second-quarter recovery has put AngloGold Ashanti virtually at the halfway mark to meet full year guidance, CEO Srinivasan Venkatakrishnan said on Monday in presenting the company’s half-year results that also saw full-year cost guidance remain... 

BHP CEO says he has not met with Elliott since Barcelona

By: Reuters     5th June 2017 BHP Billiton CEO Andrew Mackenzie said on Monday he has not met with activist hedge fund Elliott Management since their talks in Barcelona last month and declined to comment on whether another meeting was scheduled. Elliott, a New York-based fund that has built up a 4.1% stake in BHP, is pushing... 

Substantive mineral law issues still far from resolved – Herbert Smith Freehills 

By: Martin Creamer     27th June 2016 The content and the implications of the Minerals and Petroleum Resources Development Act (MPRDA) Amendment Bill are extraordinarily complicated. Three issues, which embody the most significant negative implications for the mining industry and South Africa, have been delaying the finalisation of... 

Mining Charter should be policy not law – Leon 

By: Martin Creamer     21st June 2016 The Mining Charter should be a policy type document rather than a legislative instrument. “We need to go back to what it was intended to be,” Herbert Smith Freehills partner and Africa practice co-chair Peter Leon said on Tuesday. (Also watch attached Creamer Media video). 

'Flat is the new growth' for gold majors – Goldcorp CEO

By: Henry Lazenby     15th March 2016 Flat might be the 'new normal' in terms of growth for the world's top gold producers, with large-cap miners’ gold reserves having declined by 13% over the last three years to about 480-million ounces of gold and production set to decline by 8% to about 27.5-million ounces by 2018. “This seems to... 

Coal coming off the bottom – Exxaro 

By: Martin Creamer     3rd March 2016 There are indications that the coal market, which suffered heavily depressed prices last year, is beginning to come off the bottom. “I think we’re through the trough,” Exxaro FD Wim De Klerk said of the demand for export thermal coal in particular. (Also watch attached Creamer Media video). 

AngloGold’s South African mines still laggards 

By: Martin Creamer     23rd February 2016 The South African operations of AngloGold Ashanti, which improved only slightly in three months to December 31, remain ‘outlier’ laggards. Of AngloGold’s 19 mines in nine countries, the South African operations have been the slowest in showing cost improvement. 

'Simplistic’ to correlate Sasol with oil price as chemicals contribution rises

By: Terence Creamer     11th February 2016 Incoming joint Sasol CEO Bongani Nqwababa believes “simplistic” correlations of the company’s performance to the oil price will become less relevant in coming years as the revenue and profit contribution of its chemicals business rises in line with its large North American expansion projects.... 

Imported LNG set to kickstart gas-to-power vision – Sasol

By: Martin Creamer     24th November 2015 Imported liquefied natural gas (LNG) is expected to initiate the greater use of gas in South Africa’s currently coal-dominated electricity generation. Anticipated is the establishment of infrastructure at South African ports, such as Saldanha Bay, Coega or Richards Bay, to facilitate the... 

Fed hike could knock gold price down to $1 000/oz – Gold Fields  

By: Martin Creamer     19th November 2015 A raising of US interest rates in December could knock gold back to a level of $1 000/oz, Gold Fields CEO Nick Holland said on Thursday, when the company saw its share price soar 29% to R39.98 a share, the most in a single day since September 1999. This followed the company's South Deep mine... 

AngloGold’s South African gold mines now ‘outlier’ laggards

By: Martin Creamer     10th November 2015 The South African mines of AngloGold Ashanti, once the pride of the company, have slumped into ‘outlier’ status as strongly performing lower-cost international operations show them up as laggards. While AngloGold’s West Wits mines in South Africa had third-quarter all-in sustaining costs (AISC)... 

AngloGold increasingly ‘upbeat’ on new improving mining technology 

By: Martin Creamer     9th November 2015 The new South African mining technology that AngloGold Ashanti is developing in its Tau Tona gold mine, is expected to produce 13 000 oz of gold this year compared with 3 000 oz last year. “That’s the uptick we’re seeing in technology,” AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat)... 

Implats working with Mint on platinum coin possibility 

By: Martin Creamer     4th September 2015 Platinum mining and refining company Impala Platinum (Implats) is providing technical support to the South African Mint on the development of a platinum coin and, in a separate initiative, on the feasibility of platinum being held as a reserve asset by the South African Reserve Bank (SARB).... 

Implats shares fall on R4bn equity raising plans 

By: Martin Creamer     3rd September 2015 The share price of mining company Impala Platinum (Implats) first fell heavily and then recovered considerably after the company announced plans to raise R4-billion equity capital in an accelerated bookbuild. Reporting 58% lower earnings a share to 36c in the 12 months to June 30, in spite of key... 

Gold Fields swings to black in Q2, but cuts guidance at South Deep

By: Natalie Greve     20th August 2015 While a solid showing from its Peruvian, Ghanaian and Australian operations pushed Gold Fields’ second-quarter earnings to $22-million, the company has cautioned of a likely output slip at its South Deep gold mine, located along the Witwatersrand basin, narrowing the operation’s forecast yearly... 

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