R/€ = 19.17 Change: 0.20
R/$ = 16.21 Change: 0.12
Au 1899.35 $/oz Change: -20.75
Pt 878.72 $/oz Change: -2.17

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Covid has highlighted the value of operating remotely – mining editor 

By: Martin Creamer     Updated 4 hours ago The extraction of data from machinery to improve decision-making is a key benefit of the digital mine and has changed the way that mines manage their assets and perform machine maintenance, Australia Mining managing editor Ben Creagh said on Wednesday. Creagh was speaking during a virtual... 

Covid has highlighted the value of operating remotely – mining editor
ifm Australia’s Freddie Coertze and Aditya Kunder.

South African Cabinet approves export tax on chrome ore 

By: Reuters     Updated 5 hours ago South Africa, the world's biggest chrome producer, has approved measures to support the domestic ferrochrome industry including through an export tax on chrome ore, according to a Cabinet statement on Thursday. "The interventions include the proposed introduction of the export tax on chrome... 

South African Cabinet approves export tax on chrome ore

RBPlat lifts guidance on back of record third-quarter output  

By: Marleny Arnoldi     Updated 1 hour 4 minutes ago JSE-listed Royal Bafokeng Platinum Holdings (RBPlat) achieved record platinum, palladium, gold and rhodium (4E) metals production of 124 500 oz in the third quarter, notwithstanding the impact of Covid-19 on operations to date. The company attributed the record production to an improved... 

Eskom moves to appoint advisers to structure 'green' transaction 

By: Terence Creamer     Updated 16 minutes ago South Africa’s coal-heavy power utility is moving to appoint financial advisers to assist it in structuring a potential transaction that could unlock discounted ‘green’ funding for the debt-laden State-owned entity in return for it meeting agreed decarbonisation targets. Eskom CEO Andre de Ruyter... 

Eskom moves to appoint advisers to structure 'green' transaction

Implats says rescue of trapped workers at 20 Shaft in progress

By: Marleny Arnoldi     Updated 1 hour 20 minutes ago Platinum group metals miner Impala Platinum (Implats) has confirmed that an incident happened at its 20 Shaft, in Rustenburg, on the evening of October 21, rendering some workers in need of evacuation. The incident occurred as a result of a mechanical failure in the rock conveyance system. In... 

Procurement of 11.8 GW only the ‘first step’ in full elimination of load-shedding threat – De Ruyter 

By: Terence Creamer     Updated 3 hours ago State-owned power utility Eskom, which is ramping up the maintenance of its unreliable and unpredictable coal power stations, anticipates that there will be a ‘step change’ in the performance of the fleet from April 2021, but has also warned that the risk of load-shedding will persist until at... 

Procurement of 11.8 GW only the ‘first step’ in full elimination of load-shedding threat – De Ruyter
Photo by Creamer Media's Donna Slater
CEO Andre de Ruyter and COO Jan Oberholzer

Anglo American's third-quarter production recovers from Covid-19 impact

By: Marleny Arnoldi     Updated 7 hours ago Diversified mining group Anglo American has posted a 24% increase in production in the third quarter, compared with the second quarter of the year, while operating at 95% of normal capacity across its subsidiaries’ operations in regions including Canada, South Africa, Australia, Finland and South... 

Anglo American's third-quarter production recovers from Covid-19 impact
Minas-Rio, in Brazil

Amplats' third-quarter PGMs output down 2% y/y

By: Simone Liedtke     Updated 6 hours ago By the end of the third quarter, platinum group metals (PGMs) mining company Anglo American Platinum's (Amplats') own-managed operations reached 94% of normal capacity. The Mogalakwena, Unki and Motolo operations delivered strong performances, with output up by 12%, 9% and 6%, respectively, for... 

Kumba on track to deliver full-year guidance

By: Tasneem Bulbulia     Updated 5 hours ago Anglo American subsidiary Kumba Iron Ore continued to achieve a good operational performance in the quarter ended September 30, demonstrating business resilience and a capacity to successfully adapt to working under Covid-19 conditions, CE Themba Mkhwanazi said on October 22. “Our first priority... 

De Beers says rough diamond demand is ticking up

By: Marleny Arnoldi     Updated 2 hours 3 minutes ago Diamond miner De Beers' rough diamond production decreased by 4% year-on-year to 7.2-million carats in the third quarter of the year as a result of planned reductions in production to match lower demand for rough diamonds in the market, amid Covid-19. Specifically, production from the company’s... 

MC Mining restarts funding discussions

By: Simone Liedtke     Updated 1 hour 2 minutes ago Coal miner MC Mining reported on October 22 that a South African company had not paid the subscription fee of about R10-million for over 7.8-million MC Mining shares, as agreed to during a September transaction. The default was not remedied within the prescribed period and MC Mining was now... 

Resgen requests trading halt ahead of announcement

By: Simone Liedtke     Updated 4 hours ago Trading of energy resources company Resource Generation's (Resgen's) securities on the ASX and the JSE will temporarily be halted, at the company’s request, until October 26. The company’s decision to halt security trading follows its reliance on formalising an extension to the first repayment... 

Caledonia said to be eyeing one of Zimbabwe’s largest gold mines

By: Bloomberg     22nd October 2020 Caledonia Mining is interested in buying one of Zimbabwe’s largest gold operations as it embarks on an aggressive plan to acquire more assets in the country, according to a person familiar with the details. The Jersey-based gold producer is weighing an acquisition of Bilboes Gold’s... 

Challenging quarter at Resolute's Syama

By: Esmarie Iannucci     Updated 6 hours ago Africa-focused gold miner Resolute Mining has reported a 19% fall in production during the three months to September, following industrial action at its Syama mine, in Mali. The ASX- and LSE-listed miner on Thursday reported that gold production for the quarter ended June had reached 87 303 oz,... 

Kore Potash starts drilling at DX Project

By: Simone Liedtke     Updated 5 hours ago Potash development company Kore Potash has started the planned drilling programme for Phase 1 of a definitive feasibility study (DFS) for its DX Project. Kore has a 97% interest in the Kola and DX Potash projects in the Sintoukola basin, in Congo-Brazzaville. 

Gold industry must seek out broader investor base

By: Mariaan Webb     Updated 7 hours ago Gold’s strong performance over the last year-and-a-half has piqued the interest of investors, with large pools of investor capital ready to be tapped, but it is up to the industry to introduce itself to investors, says Yamana Gold’s Peter Marrone. The CEO of London’s newest gold miner says the... 

Gold industry must seek out broader investor base
Yamana CEO Peter Marrone

Arch to systematically wind down thermal operations

By: Mariaan Webb     Updated 1 hour 12 minutes ago Coal mining company Arch Resources on Thursday unveiled a strategic plan for its thermal coal assets, announcing that it would systematically wind down its Powder River basin mines over the coming years, while it continued to search for a buyer. In declining demand environment, Arch said it... 

Arch to systematically wind down thermal operations

Freeport-McMoRan posts third-quarter profit on higher gold prices

By: Reuters     Updated 2 hours 53 minutes ago Freeport McMoRan Inc reported a quarterly profit on Thursday, compared to a loss a year earlier, benefiting from higher gold prices as uncertainty fueled by the Covid-19 pandemic pushed investors toward safe-haven assets. Net income attributable to shareholders was $329-million, or 22 cents per... 

Navigational safety investigation accepted for Dundas

By: Creamer Media Reporter      Updated 5 hours ago Exploration and development company Bluejay Mining has ticked another prerequisite for an exploitation licence for its Dundas project, in Greenland, with the acceptance of its navigational safety investigation (NSI) study. The purpose of the NSI was to verify that navigation can be carried out... 

Venturex leaps another hurdle at Sulphur Springs

By: Esmarie Iannucci     Updated 5 hours ago The Western Australian Department of Mines, Industry Regulation and Safety has approved the mining proposal for junior Venturex Resources’ Sulphur Springs copper/zinc project. The mining proposal approval follows on from the April environmental approval by the state’s Environmental Protection... 

Polyus says Sukhoi Log is world's largest gold deposit by reserves

By: Mariaan Webb     Updated 5 hours ago Sukhoi Log, in eastern Siberia, has been confirmed as the largest gold deposit among both greenfield assets and operating gold mines, with a mineral reserve containing 40-million ounces of gold, London-listed Polyus announced on Thursday. Sukhoi Log has an ore reserve estimate of 540-million... 

Polyus says Sukhoi Log is world's largest gold deposit by reserves
Sukhoi Log, in eastern Siberia, is a large untapped gold deposit.

Shovel-ready Bateman gold project commercially viable, study shows

By: Mariaan Webb     Updated 6 hours ago The feasibility study for the Bateman gold project, in the Red Lake gold mining camp, has demonstrated that the shovel-ready project’s commercial viability, with an after-tax internal rate of return of 50.3% and a C$305-million net present value. The maiden feasibility study, results of which... 

S Australia unveils resources and energy plans

By: Esmarie Iannucci     Updated 7 hours ago The South Australian government has launched its energy and mining strategy called ‘Building on our Strengths, outlining the central role these sectors would play in delivering an early recovery from the economic downtun produced by Covid-19. Minister for Energy and Mining Dan van Holst... 

Oz Minerals adjusts full-year expectations

By: Esmarie Iannucci     Updated 7 hours ago Copper/gold miner Oz Minerals has increased its gold production guidance for the full year, and has lowered its expected C1 cash costs on the back of a solid third quarter. The miner on Thursday increased its gold production expectation to between 242 000 oz and 259 000 oz for the full year, up... 

Liontown pursuing downstream processing in WA

By: Esmarie Iannucci     22nd October 2020 A downstream scoping study into the Kathleen Valley lithium/tantalum project, in Western Australia, has demonstrated the financial upside to an integrated mining, processing and refining operation to produce lithium hydroxide monohydrate (LHM), or lithium sulphate monohydrate (LSM). An updated... 

Santos breaks records in the third quarter

By: Esmarie Iannucci     22nd October 2020 Oil and gas giant Santos has reported record quarterly production and sales for the three months to September. Production in the third quarter increased by 22% on the June quarter, to reach a record 25.1-million barrels of oil equivalent, with Santos telling shareholders on Thursday that all... 

Woodside revenues fall on lower oil price

By: Esmarie Iannucci     22nd October 2020 Australian oil and gas producer Woodside Petroleum has reported a 9% fall in sales revenue during the three months to September, despite a 2% increase in production. Production during the three months to September reached 25.3-million barrels of oil equivalent, up 2% from the June quarter, while... 

Red 5 books solid results in Sept quarter

By: Esmarie Iannucci     22nd October 2020 Gold miner Red 5 has reported a solid quarter of production for the three months to September, with gold production reaching 20 283 oz, which was on par with the 20 707 oz produced in the June quarter. Gold sales for the three months to September also remained stable at 19 932 oz, compared with... 

Output improves for Saracen

By: Esmarie Iannucci     22nd October 2020 Gold miner Saracen Mineral Holdings has reported an increase in gold production for the three months to September, as its Carosue Dam operation delivered a record quarter. Gold production in the three months to September increased to 154 388 oz, up from the 145 830 oz produced in the June... 

Output improves for Saracen

Lefroy raises exploration funds

By: Esmarie Iannucci     22nd October 2020 Junior Lefroy Exploration will raise A$4.5-million through a share placement to fund exploration work at its namesake gold project, in Western Australia. The ASX-listed company on Thursday said that more than 18.75-million shares would be placed at a price of 24c each under its existing... 

Piedmont raises $50m for US lithium project

By: Esmarie Iannucci     22nd October 2020 Lithium developer Piedmont Lithium has raised A$70.6-million through an underwritten US public offering of two-million of its American depositary shares (ADSs) to fund the development of its lithium project, in North Carolina. The ADSs each represent 100 of the company’s ordinary shares and were... 

Resources Watch  

22nd October 2020 This week: Southern Africa’s green hydrogen buy-in exceeding expectations; New venture capital incubation fund targeting small-scale mining space; And, environmental under-investment comes back to bite 

Resources Watch

Community unrest leads to fatal shooting near Exxaro's Grootegeluk mine

By: Creamer Media Reporter      21st October 2020 Diversified South African-based resources group Exxaro Resources says a local community member was killed in a shooting incident near its Grootegeluk mine on October 20. "The deceased was part of a community protest that entered the private property owned by Exxaro near its Grootegeluk mine... 

South African coal industry to reach tipping point in 2025

By: Simone Liedtke     21st October 2020 The South African coal industry will likely reach a tipping point by 2025, when renewable energy should be cheaper, both in terms of capital and operational expenditure, than existing coal-fired electricity capacity. This means that, by 2030, the South African coal landscape will look "completely... 

Cleaner coal tech to help South Africa reduce emissions, says Minerals Council 

By: Tasneem Bulbulia     21st October 2020 Coal is integral to South Africa, economically and socially, and will continue to play a pivotal role for many years to come; therefore, technology and innovation in the industry should be pursued to mitigate carbon emissions as part of the country’s just energy transition journey. This was... 

Aspasa tightens requirements for its members around fair competition, social aspects

By: Marleny Arnoldi     21st October 2020 The Aggregate & Sand Producers Association of Southern Africa (Aspasa) has introduced a new set of policies for members to uphold, which relate to all aspects of surface mining operations. Aspasa director Nico Pienaar says the code documents good, ethical behaviour and says that, while most... 

Redemption of $450m convertible bonds completed − Sibanye

By: Simone Liedtke     21st October 2020 About $383-million of the outstanding $383.8-million in outstanding bonds have been converted by bondholders of JSE- and NYSE-listed Sibanye-Stillwater’s wholly owned subsidiary Sibanye Gold, which in September exercised its option to redeem all outstanding bonds. Sibanye Gold had exercised its... 

Phola communities allowed to intervene in Thabong, South32 coal merger; SAEF's application dismissed

By: Simone Liedtke     21st October 2020 The Competition Tribunal has dismissed the South African Energy Forum’s (SAEF’s) application to intervene in proceedings regarding the proposed large merger between Thabong Coal and South32 South Africa Coal Holdings (South African Energy Coal or SAEC). 

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Platinum well positioned in hydrogen economy’s sweet spots – WPIC

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Coal mine disposal exacerbating carbon emissions problem – Glencore

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