R/€ = 16.27 Change: 0.01
R/$ = 15.00 Change: 0.00
Au 1643.00 $/oz Change: 11.31
Pt 972.06 $/oz Change: -9.43


Time for govt to consider new strategies to get economic growth going, says Baxter

By: Marleny Arnoldi     21st February 2020 In what has been the longest economic downturn for the country since 1945, it has become necessary for government to consider alternative strategies and change various policies to allow business to grow the economy, Minerals Council South Africa CEO Roger Baxter said during a media briefing on... 

Solar power for mines under consideration – Assore 

By: Martin Creamer     21st February 2020 A scoping study is under way into the self-generation of electricity for Assmang’s mines – but not its smelters, Assore CEO Charles Walters said on Friday, when the company reported interim results that were negatively affected by weaker chrome and manganese prices, and lower shipments of... 

MMEC 2020 expects to attract more than 1000 participants

21st February 2020 The 7th Mozambique Mining, Oil & Gas and Energy Conference & Exhibition is taking place at the prestigious Joaquim Chissano Conference Center, in Maputo. The two-day event is happening from 22 to 23 April and takes place under the theme "Use of Natural Resources as a catalyst for Development and... 

Mining Weekly iPhone and Android Apps available for free download 

21st February 2020 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers a app for iPhone and Android users.  These apps offer... 

Canada Rare Earth studies location for South American refinery

By: Creamer Media Reporter      19th February 2020 TSX-V-listed Canada Rare Earth has narrowed its search for a location to base its refinery to six regions in South America. The Vancouver-headquartered company, which sources and sells rare earths, says it has launched a study to consider refinery permitting, logistics and government support,... 

Miners welcome Indonesia's new jobs bill that could spur coal growth

By: Reuters     18th February 2020 Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an expansion in polluting coal and threaten environment protection. President Joko Widodo's sprawling "Job Creation" bill... 

Kumba pays out 92% of HEPS to shareholders as iron-ore prices lift earnings 

By: Marleny Arnoldi     18th February 2020 JSE-listed miner Kumba Iron Ore delivered a payout ratio of 92% of headline earnings per share (HEPS) for the year ended December 31, exceeding its 50% to 75% dividend payout policy. The company declared a final cash dividend of R15.99 apiece, which, combined with the interim dividend of R30.79... 

Rio punts refinery technology

By: Esmarie Iannucci     14th February 2020 Mining giant Rio Tinto and aluminium equipment supplier STAS have agreed to terms to commercialise Rio’s advanced compact filtration (AFC) technology for aluminium cast houses. The ACF technology developed by Rio will now be manufactured and sold under license by equipment manufacturer STAS... 

Medallion stock up on inquiries from REE refineries

By: Creamer Media Reporter      11th February 2020 Vancouver-headquartered Medallion Resources’ stock received a boost on Monday, after the company announced that it had received inquiries from several rare-earth element (REE) refineries interested in receiving specifications and potential volumes of the its REE concentrate product. These... 

Gold ETF investment continued rising in January

By: Marleny Arnoldi     7th February 2020 Global gold-back exchange-traded funds (ETFs) reached a new all-time high in January, at 2 947 t. ETFs and similar products added 61 t, or net inflows of $3.1-billion in January.  

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