R/€ = 16.47 Change: -0.03
R/$ = 15.21 Change: -0.05
Au 1650.17 $/oz Change: -32.10
Pt 965.93 $/oz Change: -8.73


Vale says 'no new facts' in internal report on deadly dam disaster

By: Reuters     21st February 2020 An in-depth internal report examining the causes of Vale SA's deadly Brumadinho tailings dam disaster last year contained "no new facts, nor surprises," the company's general counsel said on Friday. Late on Thursday, Vale released the report, which said the company had information as far back as... 

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... 

Tanzanians launch human rights abuses claim against Barrick

By: Marleny Arnoldi     11th February 2020 A group of seven Tanzanian human rights victims has launched a legal claim at the British High Court against a subsidiary of Canadian mining company Barrick Gold. The claimants allege that they have been seriously abused by security forces employed at Barrick’s North Mara gold mine, in... 

Banro looking to sell Congo gold mine at discount

By: Reuters     7th February 2020 Canadian miner Banro is looking to sell its Namoya gold mine in eastern Congo at a significant discount, its chairman told Reuters on Friday, blaming the government's failure to improve security in the area. Four Banro employees were kidnapped in July in Democratic Republic of Congo and held for... 

On-The-Air (07/02/2020) 

By: Martin Creamer     7th February 2020 Strong steps are being taken internationally to stop criminals from getting stolen gold into the market; Minerals Council South Africa is going all out to boost junior mining; and Diamond miners may use airships to replace winter roads in frozen parts of Canada to mitigate against climate change. 

Eskom’s transition to ‘philosophy maintenance’ will increase load-shedding risk for at least 18 months  

By: Terence Creamer     31st January 2020 The board at State-owned electricity utility Eskom has sanctioned a proposal to migrate the group’s unreliable coal fleet to a ‘philosophy maintenance’ model, whereby generation units are serviced in strict adherence with prescribed maintenance schedules in a bid to break the cycle of unplanned... 

Federal and NSW govts strike gas deal

By: Esmarie Iannucci     31st January 2020 The Australian Petroleum Production & Exploration Association (Appea) has welcomed an agreement between the federal and New South Wales governments to facilitate increased gas supply, lower emissions and a more stable power supply. Prime Minister Scott Morrison on Friday announced a landmark... 

Canavan in no rush to abandon domestic gas security mechanism

By: Esmarie Iannucci     24th January 2020 A review into the Australian Domestic Gas Security Mechanism (ADGSM) has found it has helped lower domestic gas prices while contributing to more secure gas supplies for Australian consumers. “The review confirms the measures taken by the Government in 2017 have been instrumental in stabilising... 

Mechanised boring solutions making headway

By: Tracy Hancock     24th January 2020 The development of rock-boring and drilling services provider Master Drilling’s mobile tunnel borer (MTB) and shaft-boring system (SBS) technology is advancing, with the machinery expected to reduce project development times by three to four times, says Master Drilling CEO Danie Pretorius. “These... 

Harmonising engineering and ICT to protect against a catastrophic cyberattack

By: Creamer Media Reporter      21st January 2020 The mining and minerals sector is yet to develop a secure, vigilant and resilient strategy to protect against the growing risk of a catastrophic cyberattack. Frikkie Eloff, Regional Manager of First Technology Group’s Limpopo and Mpumalanga operations, says that top of the agenda is the need to... 

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