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South Africans must work together on an accelerated economic recovery plan – Exxaro  

By: Martin Creamer     13th August 2020 South Africans must work together on an accelerated economic recovery plan that focuses on inclusive growth and prosperity for all citizens, Exxaro Resources CEO Mxolisi Mgojo  said on Thursday. Speaking during the black-empowered resources company’s presentation of very strong dividend-yielding... 

Exxaro CEO Mxolisi Mgojo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Exxaro pays dividend on 40%-higher half-year earnings 

By: Martin Creamer     13th August 2020 Black-empowered diversified resources group Exxaro Resources on Thursday declared an interim dividend on posting a 40% increase in earnings before interest tax depreciation and amortisation of R3.9-billion for the six months to June 30. In the face of global trade tensions, a challenging local... 

Exxaro pays dividend on 40%-higher half-year earnings
Photo by Creamer Media
Exxaro CEO Mxolisi Mgojo

Awesome new proudly South African face mask kindling international interest  

By: Martin Creamer     13th August 2020 An awesome new proudly South African face mask, with a replaceable filtration system at its heart, is attracting international interest. The innovative and timely Hudaco Air Mask is a lockdown-period product of the Johannesburg Stock Exchange-listed Hudaco Industries group. (Also watch attached... 

Hudaco CEO Graham Dunford and Hudaco’s executive consultant Mike Allnutt discuss the new Hudaco face mask innovation with Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Minerals Council members commit R4.7m towards strengthening Eastern Cape medical capabilities

By: Donna Slater     13th August 2020 The Minerals Council South Africa reports that a number of its members have contributed a combined R4.7-million towards oxygen and oxygen-related products for the Eastern Cape as the province battles Covid-19 infections. Mining companies have, over the past six months, undertaken intensive... 

SRK's Roger Dixon receives Brigadier Stokes award

By: Marleny Arnoldi     13th August 2020 Well-respected mining figure and consultant Roger Dixon has been honoured with the 2020 Brigadier Stokes award by the Southern African Institute of Mining and Metallurgy. He received the award during an online annual general meeting of the institute on August 13.  

SRK's Roger Dixon receives Brigadier Stokes award
Well-respected mining figure and consultant Roger Dixon

South Africa's mining output down 28.2% in June

By: Marleny Arnoldi     13th August 2020 Statistics South Africa has reported that mining production decreased by 28.2% year-on-year in June. The largest negative contributors were platinum-group metals, with output down 42.5% and contributing -10.6 percentage points; and iron-ore, with output down 54.2% and contributing -6.7... 

DMRE says Mantashe's withdrawal of appeal paves the way for certainty

By: Tasneem Bulbulia     Updated 7 hours ago The decision by Mineral Resources and Energy Minister Gwede Mantashe to withdraw his appeal to the Supreme Court of Appeal against an April 2018 ruling by the High Court in relation to the (now repealed) Broad-Based Socio-Economic Empowerment Charter for the South African Mining and Minerals... 

New blasting record set at Northern Cape mine

By: Simone Liedtke     13th August 2020 Blasting services company Enaex Africa has set a new record for the highest number of detonators fired in a single blast in South Africa, by blasting 3 618 units at United Manganese of Kalahari's Russik mine, in the Northern Cape. Enaex´s subsidiary in Africa is a joint venture with... 

Caledonia lifts second-quarter output, Central Shaft project progressing slower than planned

By: Marleny Arnoldi     13th August 2020 NYSE- and Aim-listed Caledonia Mining has reported a 30% year-on-year increase in profit to $9.2-million for the quarter ended June 30. Earnings before interest, taxes, depreciation and amortisation (Ebitda) were $9.6-million, which was 35% higher than the Ebitda of $7.1-million reported for... 

Caledonia lifts second-quarter output, Central Shaft project progressing slower than planned
Caledonia's Blanket gold mine, in Zimbabwe

Jubilee processing capacity at Windsor fully committed, new processing facility acquired

By: Tasneem Bulbulia     13th August 2020 Dual-listed Jubilee Metals Group has entered into a third-party run-of-mine (RoM) chrome ore offtake agreement that fully commits its Windsor chrome beneficiation plant for the 

Armadale begins assessment of Mahenge natural flake graphite for battery applications

By: Tasneem Bulbulia     Updated 7 hours ago Aim-listed Armadale Capital has started testing, in collaboration with Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO), the natural flake graphite produced at Armadale's 100%-owned Mahenge graphite project, in south-east Tanzania, for battery applications. This... 

Gold calms down after wild ride as investors weigh next steps

By: Bloomberg     13th August 2020 Gold held above $1 900/oz following wild swings as investors weighed the outlook for the metal’s record-setting rally, tracking moves in bond yields, a weaker dollar, as well as an uptick in risk appetite. Spot bullion steadied, while futures dropped after US stocks briefly surpassed their... 

Gold calms down after wild ride as investors weigh next steps

SANEDI, MDA work together to support South African mineworkers

By: Simone Liedtke     13th August 2020 The South African National Energy Development Institute (SANEDI) and the Mineworkers Development Agency (MDA) have signed a partnership agreement that will result in them collaborating to bring relief to the country’s former mineworkers and their communities in the wake of mine closures and the... 

Gold One decreases shareholding in Sibanye-Stillwater

By: Donna Slater     13th August 2020 Gold miner Gold One has decreased its shareholding in JSE- and NYSE-listed precious metals miner Sibanye-Stillwater to 9.93% from 12.26%. Gold One acquired a stake in Sibanye in August 2013 when it sold its Cooke underground and surface operations, on the Gauteng West Rand, to Sibanye.  

Congo to meet miners to debate copper concentrate export waivers

By: Reuters     13th August 2020 Mining companies and copper and cobalt buyers have been invited to a meeting in Kinshasa next week to discuss if there is a way to maintain waivers to an export ban that are meant to expire in September, the mining minister said on Thursday. Congo, Africa's biggest copper producer, banned exports... 

Chinese national killed at Zijin mining camp in Congo, company says

By: Reuters     13th August 2020 A Chinese national was killed during an attack on a mining camp run by Zijin Mining Group in the early hours of Tuesday in southern Democratic Republic of Congo, a report on the company's website said. The employee was shot at the Carrilu cement and limestone mine in Lualaba province as camp... 

Home of the oil sands eyes cleaner future as hydrogen superpower

By: Bloomberg     13th August 2020 The idea of producing cleaner-burning hydrogen to rid the world of fossil fuels is gaining traction in the unlikeliest of places: Alberta, home of the infamously dirty oil sands. Better known for energy companies that have been blacklisted by the Church of England for their emissions-intensive... 

Home of the oil sands eyes cleaner future as hydrogen superpower
The Millennium oil sands mine, near Fort McMurray.

Shandong Gold eyes turnaround for struggling Canada Arctic mine – executive

By: Reuters     13th August 2020 Shandong Gold Mining's bid to acquire a gold mine in the Canadian Arctic should be approved for economic reasons, the new head of its Canadian unit told Reuters. Shandong Gold in May offered C$230-million for struggling TMAC Resources. TMAC shareholders approved the deal in June but it still... 

Shandong Gold eyes turnaround for struggling Canada Arctic mine – executive
The Hope Bay mine in Canada's northern territory of Nunavut.

Shareholders seek BHP moratorium on Australian cultural site damage

By: Reuters     13th August 2020 BHP Group must commit to not damaging Aboriginal cultural sites as its expands its mining operations while a review of Australian heritage law is carried out, a shareholder group said in a resolution filed on Thursday. The proposal comes before BHP's financial results, due out next week, and... 

QRC urges royalty freeze

By: Esmarie Iannucci     13th August 2020 The Queensland Resources Council (QRC) has called on the members of the state Parliament to support Liberal National Party’s (LNP’s) proposal to freeze royalty rates for the next ten years, saying it would protect the Queensland economy from the impact of the Covid-19 pandemic. QRC CEO Ian... 

Covid hits July LNG figures

By: Esmarie Iannucci     13th August 2020 Revenues from liquefied natural gas (LNG) sales in Australia were down 52% in July, compared with the same period last year, new data from Energy advisory EnergyQuest has shown. While Australian LNG shipments in July were steady at 5.8-million tonnes, compared with the 5.9-million tonnes... 

Rusal posts H1 net loss, sees weak aluminium prices in 2020

By: Reuters     13th August 2020 Russian aluminium giant Rusal said on Thursday its recurring net loss totalled $76-million in the first half of 2020 after a profit of $666-million a year ago as the novel coronavirus outbreak hit demand. Hong-Kong listed Rusal, the world's largest aluminium producer outside China, said that it... 

Rusal posts H1 net loss, sees weak aluminium prices in 2020

Former Glencore lawyer joins Group Eleven board

By: Creamer Media Reporter      13th August 2020 Ireland-focused explorer Group Eleven has announced that laywer Ken Klassen has joined its board of directors. He was appointed after Glencore Canada exercised its right to appoint a director to the TSX-V-listed company’s board. “Ken is an experienced and well-respected lawyer in the... 

Harte Gold restarts mill

By: Creamer Media Reporter      13th August 2020 Ontario gold junior Harte Gold has restarted milling operations at the Sugar Zone mine, after a temporary suspension in the second quarter to safeguard its workforce from Covid-19. “I am pleased to say that Harte Gold is back in production and emerging from the Covid-19 pandemic in a very strong... 

Star Diamonds case against Rio Tinto allowed to proceed

By: Mariaan Webb     13th August 2020 Canada-based Star Diamond has made headway in its case to take joint venture (JV) partner Rio Tinto to court over its purported exercise of four options under an option and JV agreement relating to the Star-Orion South project, in Saskatchewan. This week, a Court of Queen’s Bench for... 

Star Diamonds case against Rio Tinto allowed to proceed

Hudbay exploring early gold opportunity at New Britannia

By: Mariaan Webb     13th August 2020 Base and precious metals miner Hudbay has identified an early gold opportunity from the New Britannia mill, in Manitoba, and says it could produce gold earlier than expected in 2021. The NYSE-listed company, which is midstride a mill refurbishment project at New Britannia mill, is still studying... 

Horizon raises A$16m for exploration work

By: Esmarie Iannucci     13th August 2020 ASX-listed Horizon Minerals will raise A$16.1-million to accelerate exploration work and mine and mill studies at its Boorara project, in Western Australia. The company on Thursday announced that it had received binding commitments for the placement of 115-million shares, at a price of 14c each,... 

Gascoyne unveils recapitalisation plans

By: Esmarie Iannucci     13th August 2020 Gold miner Gascoyne Resources has unveiled a A$125-million funding package to recapitalize the company. The company on Thursday announced that it will undertake a fully underwritten institutional placement and a two-for-one accelerated pro-rata non-renounceable entitlement offer to raise an... 

JARE reconfirms Lynas commitment

By: Esmarie Iannucci     13th August 2020 Rare earths miner Lynas on Thursday told shareholders that it had inked a letter of agreement with Japan Rare Earths (JARE) reconfirming that company’s long-term support of Lynas. The two companies are parties to a long-term loan facility with a balance of $145-million at an interest rate of... 

US Gold gains ‘industry leading’ shareholders with exploration project buy

By: Mariaan Webb     13th August 2020 Gold exploration and development company US Gold has closed the acquisition of Nevada-based Northern Panther Resource Corporation in an all-share transaction pursuant to a merger agreement. Northern Panther's principal asset is the Challis Gold exploration project – an exploration project in... 

Evolution reports record results in 2020

By: Esmarie Iannucci     13th August 2020 Gold miner Evolution Mining has reported record profits for the 2020 financial year, on the back of steady gold production and higher achieved prices. “The 2020 financial year was a great year for Evolution with a strong improvement in safety and sustainability performance, record underlying net... 

Evolution reports record results in 2020
Evolution executive chairperson Jake Klein

South32 sells Tasmanian smelter

By: Esmarie Iannucci     13th August 2020 Diversified miner South32 on Thursday announced that the Samacor Manganese joint venture (JV), in which it holds a 60% stake, had inked a deal with Sanjeev Gupta’s GFG Alliance to divest of its shareholding in the Tasmanian Electro Metallurgical Company (Temco). Temco produces ferromanganese... 

South32 sells Tasmanian smelter
Temco in Tasmania

Record output for Woodside as prices fall

By: Esmarie Iannucci     13th August 2020 Oil and gas major Woodside has reported record production for the first six months of the 2020 financial year, despite unprecedented disruptions to the company’s operations and markets with the onset of the Covid-19 pandemic. Production in the first half of the year reached 50.1-million barrels... 

Codelco sees quick progress in ramping up Chuquicamata copper processing

By: Reuters     12th August 2020 Chile's State-run miner Codelco, the world's largest copper producer, expects quick progress in ramping up processing capacity at its Chuquicamata underground project, the company's chief executive said. Codelco was forced to temporarily suspend work at the project, designed to extend the life... 

Codelco sees quick progress in ramping up Chuquicamata copper processing

Harmony achieves better than expected output levels, notes gold price benefits 

By: Donna Slater     12th August 2020 Despite Covid-19 disruptions to its operations, Harmony Gold Mining Company managed to achieve up to 75% of planned production during the last quarter of the its financial year to June 30, which was higher than it initially expected to achieve. However, year-on-year, total gold production was... 

Harmony achieves better than expected output levels, notes gold price benefits
Photo by Creamer Media
Harmony's Kusasalethu mine

Total oil, gas drill rig arrives in Cape Town

By: Marleny Arnoldi     12th August 2020 Mineral Resources and Energy Minister Gwede Mantashe has welcomed the arrival of the DeepSea Stavanger oil and gas drill rig, in Cape Town, which has been commissioned by petrochemicals company Total. Total and its partners will drill the Luiperd prospect in Block 11B/12B off the Mossel Bay... 

Despite Covid-induced demand slump, load-shedding surpasses 2019 levels and risk of more cuts rises 

By: Terence Creamer     12th August 2020 The Council for Scientific and Industrial Research (CSIR) reported on Wednesday that load-shedding during 2020 had already surpassed that of 2019, which had hitherto been the country’s worst-ever year for load-shedding. In addition, it again warned that, absent urgent action, the risk of... 

Despite Covid-induced demand slump, load-shedding surpasses 2019 levels and risk of more cuts rises

Russia has $1.5bn plan to dent China's rare earth dominance

By: Reuters     12th August 2020 Russia plans investment of $1.5-billion in rare earth minerals, critical to the defence, telecommunications and renewable energy sectors, as it strives to become the biggest producer after China by 2030, a top government official told Reuters. Russia's initiative is in line with other countries,... 

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