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Africa News

Vedanta's Gamsberg mine stays shut as search continues for trapped worker 

By: Reuters     4th December 2020 South Africa's Gamsberg zinc mine remains shut while owner Vedanta Zinc International (VZI) continues to search for a worker trapped underground following a rockfall on November 17, the company said on Friday. "The rescue and recovery team are working hard on ensuring the operation is... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle 

By: Martin Creamer     4th December 2020 Glencore CEO Ivan Glasenberg announced on Friday that he would be handing over the reins of the global mining and marketing company in mid-2021 to top Glencore executive Gary Nagle, who has served the company for more than two decades and is well-known in South Africa, where he ran Glencore’s... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle
Gary Nagle, who will be taking over in mid-2021 from retiring Ivan Glasenberg, who has served Glencore with distinction.

Glencore spells out emission-reduction pathway to 2050 

By: Martin Creamer     4th December 2020 Diversified mining and marketing company Glencore on Friday announced its ambition to be a net-zero emissions company by 2050. Glencore set out the pathway towards reducing its total emissions footprint by 40% by 2035, taking in Scope 1, 2 and 3. 

Glencore spells out emission-reduction pathway to 2050
Photo by Bloomberg
Ivan Glasenberg, who is handing Glencore reins to Gary Nagle.

Wescoal focus shifts to cost-savings as mining operations stabilise

By: Marleny Arnoldi     4th December 2020 JSE-listed coal miner, trader and supplier Wescoal has managed to generate a net profit of R11-million in the six months ended September 30, despite the impact of Covid-19, low growth and a low price environment. The company reported a loss of R51-million in the corresponding six-month period.  

Wescoal focus shifts to cost-savings as mining operations stabilise
Photo by Creamer Media
Wescoal's Elandspruit mine

Kumba’s 2020 output to be at lower-end of guidance

By: Tasneem Bulbulia     4th December 2020 JSE-listed Kumba Iron Ore is finishing 2020 in good shape, despite the unique challenges of Covid-19, CEO Themba Mkhwanazi said on Friday, announcing an updated guidance for South Africa’s largest iron-ore producer. Mkhwanazi indicated that to ensure the value chain was balanced, and finished... 

Kumba’s 2020 output to be at lower-end of guidance
Kumba CEO Themba Mkhwanazi

BlueRock recovers 12.6 ct diamond from Kareevlei

By: Tasneem Bulbulia     4th December 2020 Aim-listed BlueRock Diamonds has recovered a 12.6 ct diamond from its Kareevlei diamond mine in the Kimberley region of South Africa. Executive chairperson Mike Houston said on Friday that the discovery was “exceptional”. 

Investments, copper, Chinese trade relations make headlines  

4th December 2020 Mining Weekly Editor Martin Creamer unpacks mining companies going all out for investors, a bull market in copper is now firmly under way and South Africa’s buoyant trade relations with China.   

Investments, copper, Chinese trade relations make headlines
Investments, copper, Chinese trade relations make headlines

Copper surges as fears build for post-pandemic shortage

By: Reuters     4th December 2020 Copper in London hit the highest in more than seven years amid deepening concerns that miners will struggle to match demand as a global recovery bolsters this year’s China-driven boost. The metal used in wires and cables is on the cusp of a fifth weekly advance, in a powerful rally fueled by... 

Copper surges as fears build for post-pandemic shortage

Exxaro partners with local municipality, other miners to establish an EDC for entrepreneurs

By: Simone Liedtke     4th December 2020 Diversified miner Exxaro Resources has partnered with the Steve Tshwete local municipality and mining companies Arnot OpCo, Anglo American Coal South Africa and Glencore to establish an enterprise development centre (EDC) for local entrepreneurs in the Mhluzi township, in Middelburg, Mpumalanga.... 

Exxaro partners with local municipality, other miners to establish an EDC for entrepreneurs

Permitting steps for GoldStone's Ghana mine progressing

By: Tasneem Bulbulia     3rd December 2020 Aim-listed GoldStone Resources has received notice that the Ghanaian Ministry of Lands and Natural Resources (MLNR) has recommended the granting of an expanded mining lease in respect of the Akrokeri-Homase gold project and  it is now subject to ratification by the relevant Ghanaian Ministerial... 

Report finds mining companies prioritise community wellbeing over energy targets

By: Marleny Arnoldi     3rd December 2020 Law firm Hogan Lovells’ latest 'Future of Mining' report finds that two-thirds of mining companies have developed community impact programmes as part of their sustainability policies. These programmes are typically focused on jobs, transport and clean water.  

Investment in green hydrogen production to exceed $1bn by 2023 − IHS Markit 

By: Marleny Arnoldi     3rd December 2020 Investment in the production of hydrogen powered by renewable sources, or green hydrogen, is likely to exceed $1-billion by 2023, says research agency IHS Markit. The agency attributes an elevated investment outlook to falling costs and policy support from governments that are looking to shift... 

Kenmare nears grid-connected operations, startup of pump system

By: Marleny Arnoldi     3rd December 2020 London-listed Kenmare Resources expects operations at its Pilivili deposit, at the Moma titanium minerals mine, in Mozambique, to be running on grid power before the end of the year, after having been run on diesel-powered generators during its recommissioning. This while the project’s heavy... 

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers 

By: Donna Slater     3rd December 2020 Although lockdowns across the world have had a significantly negative impact on diamond sales, demand is beginning to gain traction again as the industry nears the popular Christmas selling season and certain regions emerge from months-long strict lockdowns, says De Beers CEO Bruce Cleaver.... 

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers
Photo by Creamer Media's Donna Slater
De Beers' Venetia open-pit diamond mine

Exxaro output, sales for the year on par with last year despite dampened markets

By: Marleny Arnoldi     3rd December 2020 In a pre-close update provided on December 3, JSE-listed diversified miner Exxaro Resources said the easing of Covid-19 lockdowns around the world in the latter part of the year had helped to increase coal offtake volumes in both the domestic and international markets. FD Riaan Koppeschaar... 

Exxaro output, sales for the year on par with last year despite dampened markets
Photo by Creamer Media's Donna Slater
Exxaro FD Riaan Koppeschaar

Glencore, China’s GEM extend strategic cobalt partnership 

By: Martin Creamer     3rd December 2020 Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by another five years. Both companies have also formally embedded responsible sourcing and sustainability into the contractual relationship. 

Glencore, China’s GEM extend strategic cobalt partnership
Glencore CEO Ivan Glasenberg

Mkango sends rare earths samples for testwork

By: Marleny Arnoldi     3rd December 2020 Aim-listed Mkango Resources’ Malawian subsidiary has completed an extensive hand-auger drilling and soil sampling programme to identify rutile prospects within the 869 km2 Mchinji licence, in Malawi. The samples have been transported to a specialist assay laboratory Scientific Services in Cape... 

BHP says copper output needs to double in 30 years, criticises pricing system

By: Reuters     3rd December 2020 Copper production must double in the next 30 years to meet demand driven by global trends towards decarbonisation and electrification, a senior BHP executive said on Thursday. Copper, widely used in power and construction, is well placed to benefit from the decarbonisation targets of some the... 

BHP says copper output needs to double in 30 years, criticises pricing system

Kamoa-Kakula stockpile building up ahead of July 2021 production start

By: Marleny Arnoldi     3rd December 2020 TSX-listed Ivanhoe Mines has announced that underground development at the Kamoa-Kakula copper project, in the Democratic Republic of Congo, produced a combined 250 000 t of ore, grading 4.85% copper, in November. This tonnage from the Kakula and Kansoko mines was 29% higher than the volumes... 

Woodside takes FAR's Senegal interest

By: Esmarie Iannucci     3rd December 2020 Australian oil and gas producer Woodside has exercised its rights over the Rufisque offshore, Sangomar offshore and Sangomar deep offshore (RSSD) contract area, offshore Senegal, pre-empting joint venture (JV) partner FAR’s sale of its interest in the project. FAR in November announced that it... 

Battery costs fall, make electric vehicles cheaper - BMI

By: Reuters     3rd December 2020 The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI). One barrier to a higher take up of electric vehicles has been the high... 

Battery costs fall, make electric vehicles cheaper - BMI

Sasol keeps rights-issue powder dry having ‘banked’ $3bn in disposals

By: Terence Creamer     2nd December 2020 Debt-laden chemicals and energy group Sasol is keeping its rights-issue powder dry, indicating on Wednesday that a final decision on any possible issuance, including its scale, will depend on various factors, including whether or not it is successful in completing yet more asset disposals. CEO... 

Sasol keeps rights-issue powder dry having ‘banked’ $3bn in disposals
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

PTM to raise $2.5m in private placement

By: Tasneem Bulbulia     2nd December 2020 Platinum and palladium project developer Platinum Group Metals (PTM) intends to, subject to regulatory approval, sell common shares of the company to existing major beneficial shareholder, Hosken Consolidated Investments (HCI), for gross proceeds of $2.5-million. The company will use the net... 

Capital secures 'transformational' contract mining contract at Centamin's Sukari 

By: Tasneem Bulbulia     2nd December 2020 A subsidiary of minerals drilling solutions provider Capital Limited has entered into a conditional 120-million-tonne openpit waste mining services contract and an expanded drilling contract at LSE-listed Centamin’s Sukari gold mine in Egypt, as part of Centamin’s operational reset. The four-year... 

Capital secures 'transformational' contract mining contract at Centamin's Sukari
Sukari open pit

Lack of anticorruption reporting evident in South African private sector  

By: Marleny Arnoldi     2nd December 2020 The National Business Initiative, together with Corruption Watch (CW) and independent London-based global think tank Overseas Development Institute (ODI), have launched the 'Transparency in Corporate Reporting 2020' report. The report evaluates the transparency of corporate reporting by 100... 

Lack of anticorruption reporting evident in South African private sector
Corruption Watch director David Lewis and ODI fellow Stephen Gelp discuss the state of corruption disclosures in private sector

Council celebrates women in mining heroes

By: Tasneem Bulbulia     2nd December 2020 The Minerals Council South Africa Women in Mining Leadership Forum has announced ten Covid-19 Women in Mining Heroes, as part of the its drive to shine a spotlight on the work done by women in the South African mining industry. The leadership forum was established to enhance the representation... 

Resources Watch 

2nd December 2020 This week: Anglo praised for blazing decarbonised mining trail with hydrogen truck project; Omnia firmly in ‘fix and renew’ phase following September interim period; and, Coal mine on point of turning acid mine drainage into potable water at no cost 

Resources Watch
Resources Watch

Hummingbird expects lower-than-planned production from Yanfolila

By: Donna Slater     2nd December 2020 Aim-listed Hummingbird Resources reports that the cumulative headwinds faced by the company this year has resulted in a material risk of producing below its 2020 production guidance of 110 000 oz to 125 000 oz. The headwinds faced by Hummingbird include extreme weather events, a military coup in... 

Lead hits 1-year high on mine disruption but oversupply looms

By: Reuters     2nd December 2020 Mine disruptions have helped lead prices rally to one-year highs but plunging imports of the metal in top consumer China will mean an oversupplied market that will cap further gains despite sustained demand from the battery sector. Also contributing to lead's 20% rise since the middle of October... 

Copper bull market now fully under way – Goldman Sachs 

By: Martin Creamer     2nd December 2020 The bull market for copper is now fully under way with prices reaching their highest level since 2017, Goldman Sachs International commodities research analysts reported on December 1. Also on December 1, Mining.com reported that the copper price was trading at its highest since March 2013 on... 

Copper bull market now fully under way – Goldman Sachs
Copper smelting.

Kimberlite blow discovered at Botswana Diamonds’ Thorny River prospect

By: Donna Slater     2nd December 2020 A recent drilling programme, targeting an area of 0.4 ha, at Botswana Diamonds’ Thorny River project in Limpopo, in South Africa, has led to the discovery a new kimberlite blow (a small volcanic pipe). 
Botswana Diamonds chairperson John Teeling says the discovery is “very significant” as the... 

Sasol's JV with LyondellBasell now established

By: Reuters     2nd December 2020 South Africa's Sasol said on Wednesday its Louisiana Integrated Polyethylene joint venture (JV) with chemical company LyondellBasell Industries had been established, following closure of the deal on Dec. 1. LyondellBasell agreed in October to acquire a 50% stake in Sasol's base chemicals business... 

Sasol's JV with LyondellBasell now established

Ivanhoe secures funding to buy underground mining equipment for Kamoa-Kakula

By: Creamer Media Reporter      1st December 2020 Kamoa Holding, the joint venture (JV) company holding the Kamoa-Kakula copper project, in the Democratic Republic of Congo, has secured an equipment financing facility of up to €176-million (about $211-million), along with a $9-million down-payment facility. The two facilities will be used to buy... 

Sandfire sets its sights on building a new copper production hub in Botswana

By: Donna Slater     1st December 2020 ASX-listed Sandfire Resources has taken the decision to proceed with the $259-million development of the T3 Motheo copper/silver project, in Botswana, following the completion of a positive definitive feasibility study (DFS) on a base case 3.2-million-tonne-a-year operation, with "clear... 

Platinum jewellery performs well in the third quarter

By: Tasneem Bulbulia     1st December 2020 Platinum jewellery performed well in the four key international platinum jewellery markets of China, India, Japan and the US in the third quarter, Platinum Guild International's (PGI’s) Platinum Jewellery Business Review (PJBR) for the period has found,. During the quarter under review, China’s... 

Diamcor Mining remains focused, despite Covid-19 impacts

By: Simone Liedtke     1st December 2020 With the onset of the global Covid-19 pandemic, Diamcor Mining remained focused on reducing costs, operational planning for the resumption of operations and continued strengthening of the core operational management team during the six months to September 30. Despite the effects of the pandemic,... 

Hydrogen investment by PGMs-linked fund bodes well for South Africa 

By: Martin Creamer     1st December 2020 A new investment in hydrogen, made by the sustainability-focused AP Ventures, bodes well for South Africa. AP Ventures, an independent venture capital fund that invests in early-stage companies that use platinum group metals (PGMs), has invested €5-million equity in HPNow, which has introduced a... 

Hydrogen investment by PGMs-linked fund bodes well for South Africa
Building back better with green hydrogen peroxide.

Lack of publicly available cadastre impeding future mining potential – Miller 

By: Donna Slater     1st December 2020 The South African junior mining, and particularly prospecting, sector will continue its rapid degradation if the Department of Mineral Resources and Energy (DMRE) continues to refuse to publicly release information pertaining to national mining and prospecting rights, says mining supply sales... 

Lack of publicly available cadastre impeding future mining potential – Miller
Photo by Creamer Media
AmaranthCX director Paul Miller
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