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Africa News

11 apprehended for torching Limpopo mine offices

By: News24Wire      Updated 22 minutes ago Eleven people have appeared in court following an attack at the Palabora Mining Company in Phalaborwa, Limpopo. They were apprehended on Friday night following violent protests in the area, police spokesperson Brigadier Motlafela Mojapelo said. 

Super-cycling PGMs being shielded from demand-hit repeat of 2000s – Froneman

By: Martin Creamer     Updated 1 hour 16 minutes ago Platinum group metals (PGMs) are moving into a super cycle and producers are working with end-users to prevent the metals going through a demand-destruction phase as took place in the early 2000s, Sibanye-Stillwater CEO Neal Froneman told the BMO conference on Monday. Speaking on a YouTube... 

Super-cycling PGMs being shielded from demand-hit repeat of 2000s – Froneman
Outlook for platinum group metals positive as they enter super cycle, says Sibanye-Stillwater.

Mining deals to pick up as world reopens, leading adviser says

By: Bloomberg     Updated 1 hour 35 minutes ago Deals among cashed-up mining companies are poised to pick up once lingering uncertainties from the pandemic dissipate, according to the most-active investment bank in the industry. Miners are flush with cash and ready to expand through acquisitions, with resurgent demand and supply shortfalls... 

Endeavour pivots to exploration to shake 'M&A junkie' image after deal spree

By: Reuters     1st March 2021 Canadian gold firm Endeavour Mining, which is preparing for a London listing late next quarter, is switching its focus to integrating new mines after a $2.7-billion acquisition spree in West Africa last year spooked some investors. The group, whose share price has underperformed a wider index of... 

Endeavour pivots to exploration to shake 'M&A junkie' image after deal spree
Sebastien de Montessus

GoldStone defers gold loan further, plans to raise additional funding

By: Tasneem Bulbulia     1st March 2021 Aim-listed GoldStone Resources has agreed with Asian Investment Management Services (AIMS) a further deferment of the gold loan interest payment to June 30 (previously deferred to March 31), and the exercise of warrants by AIMS of over 40-million new ordinary shares which provides £1.2-million of... 

Resgen completes Phase 1 of strategic review

By: Donna Slater     1st March 2021 Coal miner Resource Generation (Resgen) reports that Phase 1 of its two phase strategic review that is considering alternatives for progressing development of its Boikarabelo project, in South Africa's Waterberg, has recently been completed. The review was initiated in November.  

Gemfields confirms phased resumption of Kagem, Montepuez operations

By: Tasneem Bulbulia     1st March 2021 Gemstone miner Gemfields on March 1 confirmed that its 75%-owned Kagem Mining emerald mine in Zambia, as well as its 75%-owned Montepuez Ruby Mining (MRM) ruby mine, in Mozambique, are set to restart production in a phased manner during March. Mining operations are expected to ramp up to... 

De Ruyter urges greater industrial policy integration with renewables roll-out 

By: Terence Creamer     1st March 2021 South Africa would be foregoing an “extraordinary opportunity” should it fail to develop local manufacturing capacity around its large-scale and multidecade deployment of renewable energy, Eskom CEO Andre de Ruyter argued on Monday. Speaking during the opening session of the virtual Africa Energy... 

De Ruyter urges greater industrial policy integration with renewables roll-out

High Court interdicts business rescue of Lily, Barbrook mines 

By: Donna Slater     1st March 2021 The Mpumalanga division of the High Court on February 26 granted an interim interdict, as applied for by bidder Arqomanzi, delaying the implementation of busines rescue plans for the Lily and Barbrook mines by former owner Vantage Goldfields. The interim interdict is valid until May 4.  

Platinum jewellery had a strong fourth quarter, says the PGI

By: Marleny Arnoldi     1st March 2021 In the fourth quarter of last year, platinum outperformed other jewellery categories such as gold and delivered remarkable 14% year-on-year growth in fabrication. The Platinum Guild International (PGI) reports that, although China’s economy ended on a high note in the fourth quarter, retail... 

Platinum jewellery had a strong fourth quarter, says the PGI

Weekly Coal Index Report

1st March 2021 Even as US coal production continues to slide, and domestic consumption is cut, it emerged that the United States was the major beneficiary of China’s ban on Australian coal imports from the fourth quarter of 2020. This was arguably more for coking coal than thermal coal, but it’s interesting to... 

Weekly Coal Index Report

Musk says nickel is 'biggest concern' for EV batteries

By: Bloomberg     1st March 2021 Elon Musk has had it with nickel. It’s scarce and expensive, so the chief executive officer of electric-carmaker Tesla tweeted last week that the company’s shifting some cars to a type of battery that uses iron instead. Musk has previously pleaded with miners to produce more nickel. Supplies... 

Musk says nickel is 'biggest concern' for EV batteries
Elon Musk

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision  

By: Martin Creamer     1st March 2021 The surge of the hydrogen economy, the need to recycle, halving Scope 3 emissions through iron-ore-linked green steelmaking, assisting South Africa to create new industries, and becoming a one-stop material solutions provider, were among the issues discussed by Anglo American CEO Mark Cutifani in... 

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision
Anglo American CEO Mark Cutifani interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Sibanye-Stillwater provides full bursaries to 12 top matriculants

By: Schalk Burger     26th February 2021 Twelve top-performing matriculants from disadvantaged schools around precious metals miner Sibanye-Stillwater's South African operations will be awarded full bursaries to pursue tertiary studies at local universities. “We are extremely pleased to be able to provide these top learners, who have... 

Danakali does away with CEO role, reappoints Cornelius as chair

By: Marleny Arnoldi     26th February 2021 LSE- and ASX-listed Danakali has reappointed nonexecutive chairperson Seamus Cornelius as executive chairperson. He will also assume Niels Wage’s responsibilities as CEO.  

Merafe to report narrowed loss for 2020

By: Marleny Arnoldi     26th February 2021 JSE-listed ferrochrome producer Merafe Resources expects to report a basic loss a share of between 34.6c and 45.4c apiece for the year ended December 31, 2020. This compares with a basic loss a share of 54.2c apiece reported for the prior year. 

Fitch raises metals, mining price assumptions in line with returning demand, low inventories 

By: Donna Slater     26th February 2021 Ratings agency Fitch Ratings has revised some of its metals and mining price assumptions in line with that it sees as commodity prices being set to benefit in the short term from returning demand, as well as slow supply response and low inventories. The agency’s revision of all iron-ore price... 

Fitch raises metals, mining price assumptions in line with returning demand, low inventories

Keras commits continual funds for community development

By: Marleny Arnoldi     26th February 2021 As part of its environment, social and governance (ESG) initiatives, Aim-listed Keras Resources has announced it will contribute 0.75% of manganese sales revenue from the Nayéga mine, in Togo, once it is developed, to be used for community projects in the vicinity. The contribution will be made... 

Keras commits continual funds for community development

Implats, 4IR and Target North make headlines   

26th February 2021 Mining Weekly Editor Martin Creamer unpacks Implats' R10-billion worth of new platinum projects, the feasibility study on a mine selected for the testing of Fourth Industrial Revolution technologies and the Greenfield exploration drilling that has restarted at Target North.   

Implats, 4IR and Target North make headlines
Implats, 4IR and Target North make headlines

Planning commission wants new climate-change commission to drive ‘just transition’ social compact 

By: Terence Creamer     26th February 2021 The outgoing National Planning Commission (NPC) is preparing to hand over the extensive work it has done to build consensus on South Africa’s ‘just transition’ to a low-carbon and climate-resilient society to the newly formed Presidential Coordinating Commission on Climate Change (PCCCC). When... 

Planning commission wants new climate-change commission to drive ‘just transition’ social compact

Botswana's Debswana expects to increase diamond output by 38% in 2021 

By: Reuters     26th February 2021 Diamond producer Debswana aims to increase output by 38% this year to pre-pandemic levels of 23-million carats, a company official said on Friday, as the global diamond market recovers with the easing of travel restrictions and jewellers reopen. Jointly owned by Anglo American unit De Beers and... 

Endeavour hikes 2021 guidance, proceeds with Phase 1 expansion in Senegal

By: Mariaan Webb     26th February 2021 Toronto-listed Endeavour Mining has increased its guidance for 2021 to include production from the recently integrated Sabodala-Massawa and Wahgnion mines, following completion of the Teranga Gold acquisition. The consolidated 2021 production guidance for continuing operations has increased from... 

Endeavour hikes 2021 guidance, proceeds with Phase 1 expansion in Senegal

Copper’s spike brings back supercycle-era fears of substitution

By: Bloomberg     26th February 2021 In the frenzy of copper’s record run a decade ago, manufacturers making wires and pipes rapidly went in search of cheaper substitutes, in a trend that left a lasting dent in demand. With prices spiking again, the allure of alternatives has never been greater. A rally above $9 000 a metric ton... 

Copper’s spike brings back supercycle-era fears of substitution

Lucapa recovers another 100ct diamond

By: Esmarie Iannucci     26th February 2021 ASX-listed diamond miner Lucapa Diamond Company has recovered a its nineteenth diamond of more than 100 ct at its Lulo alluvial mine, in Angola. The miner on Friday announced the recovery of a 114 ct Type IIa D-colour white diamond from Mining Block 46, marking the third stone of over 100 ct to... 

Energy Regulator approves 40 MW solar licence for Gold Fields' South Deep 

By: Creamer Media Reporter      25th February 2021 The National Energy Regulator of South Africa (Nersa) announced on Thursday that the Energy Regulator, at its meeting held on February 25, approved the issuance of a generation licence for a 40 MW solar photovoltaic (PV) plant to be developed at the South Deep gold mine, in Gauteng. The licence... 

Energy Regulator approves 40 MW solar licence for Gold Fields' South Deep

Deal for key metal in EV revolution brought bonanza for newcomer

By: Bloomberg     25th February 2021 A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known investor to make $40 million within weeks. The transaction and almost immediate resale of control of the assets to Eurasian Resources Group is the latest deal in... 

Uranium poised for growth in 2021

By: Marleny Arnoldi     25th February 2021 Potential further suspensions in the operations of uranium mines this year as a result of second or even third waves of Covid-19 infections could drive the uranium price higher. During a webinar hosted by Africa Mining Forum on February 25, Canada-listed GoviEx Uranium CEO Daniel Major said... 

Uranium poised for growth in 2021

Gemfields to reopen Kagem emerald mine after nearly a year of standstill

By: Marleny Arnoldi     25th February 2021 UK-headquartered Gemfields has confirmed that its 75%-owned Kagem emerald mine, in Zambia, will reopen principal operations in a phased manner starting in the second week of March. As a result of the Covid-19 pandemic all but critical operations at the mine have remained suspended since March... 

Anglo achieves resilient performance in a tough year 

By: Simone Liedtke     25th February 2021 As much of the world was tested to its limits by the Covid-19 pandemic during 2020, the resilience of diversified miner Anglo American's diversified business, along with strong metals prices in the latter months of the year, resulted in underlying earnings before interest, taxes, depreciation and... 

Anglo achieves resilient performance in a tough year
Anglo American CEO Mark Cutifani gives more insight into the effect of the Covid-19 pandemic and the company's full year results for 2020. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

How high can copper fly? This metals trader expects $12 000

By: Reuters     25th February 2021 Copper could surge above a record to $12 000 a ton in 18 months on new demand from green initiatives, a leading metals trader said, giving one of the most bullish forecasts yet for the metal. The bellwether material has already doubled since a nadir in March to reach a nine-year high, and is... 

AngloGold shares strategic growth plan to unlock value across the group’s portfolio

By: Simone Liedtke     25th February 2021 JSE-listed gold miner AngloGold Ashanti continues to deliver on its strategy, with interim CEO Christine Ramon saying the company expects to achieve continued progress guided by a “rigorous capital allocation framework and buoyed by strong momentum from ore reserve conversion”. Speaking during a... 

Impact investing principles could solve ESG challenge – Wallington

By: Schalk Burger     25th February 2021 The mining sector is well positioned to apply impact investment principles to achieve environmental, social and governance (ESG) targets and shareholders increasingly expect large JSE-listed mining companies to move beyond compliance and demonstrate their sustainable ESG impacts throughout their... 

Impact investing principles could solve ESG challenge – Wallington
Impact Capital Africa founder and CEO Brett Wallington

Implats pursuing renewables, green hydrogen, exploration, carbon neutrality  

By: Martin Creamer     25th February 2021 Platinum group metals (PGMs) mining and marketing company Implats is pursuing green hydrogen, greenfield exploration and carbon neutrality, the company made clear during question time after presenting a stellar set of high-dividend-yielding interim financial results on Thursday, which cut debt by... 

Implats pursuing renewables, green hydrogen, exploration, carbon neutrality
Impala Platinum's Shaft 16 in Rustenburg

Endeavour unveils PFS results for two Africa gold projects

By: Creamer Media Reporter      25th February 2021 Canadian miner Endeavour Mining has published positive prefeasibility study (PFS) results for two Africa projects that would add nearly 360 000 oz/y to its production profile, confirming the quality of its organic growth pipeline. The Fetekro project, in Côte d’Ivoire, has the potential to be a... 

Endeavour unveils PFS results for two Africa gold projects

Prospect looks at staged Arcadia development

By: Esmarie Iannucci     25th February 2021 Lithium developer Prospect Resources is looking at the staged development of its Arcadia project, in Zimbabwe, following a strategic review. The ASX-listed company on Thursday reported that the strategic review concluded that an initial smaller commercial scale production facility, using the... 

Resources Watch  

25th February 2021 This week: London listing on way as mining company strives to become green gold producer; DRDGold flies sky high on numbers never seen before; and, Sibanye assessing on-site green hydrogen generation to power fuel cell mobility 

Resources Watch
Resources Watch

South Africa's mineral licensing system holding back prospecting, exploration

By: Schalk Burger     25th February 2021 Department of Mineral Resources and Energy (DMRE) director-general Thabo Mokoena has conceded that the South African Mineral Resources Administration System (Samrad), which was introduced to allow the general public and investors to view the country's mineral rights, is dysfunctional. He told a... 

South Africa's mineral licensing system holding back prospecting, exploration

Orion Minerals raises major cash for South African copper project

By: Esmarie Iannucci     25th February 2021 Dual listed copper developer Orion Minerals on Thursday announced a A$25-million capital raising to fast track the development of its two base metal production centers in South Africa. Orion told shareholders that it would conduct a two-tranche share placement to sophisticated and professional... 

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