https://www.miningweekly.com
R/€ = 15.66 Change: 0.00
R/$ = 13.91 Change: -0.01
Au 1412.50 $/oz Change: -2.91
Pt 838.20 $/oz Change: -0.69
 

Africa News

Nation built on gold loses its African crown to rival Ghana

By: Bloomberg     10th June 2019 South Africa’s struggling gold industry has suffered yet another humiliation, losing its status as continent leader to Ghana. The country that led global gold production for a century and extracted about half the bullion mined to date is now Africa’s second-largest gold producer. Output is... 

Giyani proceeds to final stage of sample testing programme

By: Marleny Arnoldi     7th June 2019 TSX-V-listed junior explorer Giyani Metals Corporation has completed the solvent extraction phase of its ongoing hydrometallurgical testing programme. The company reported on Friday that the extraction tests had been performed on manganese mineralised material taken from the company’s K.Hill... 

Finnish agency orders audit firm to probe Afarak’s accounts for certain financial periods

By: Tasneem Bulbulia     7th June 2019 The Regional State Administrative Agency of Southern Finland has ordered audit firm Idman Vilån Grant Thornton Oy, with Chartered Accountant Jussi Savio as principal auditor, to conduct a special audit of LSE-listed Afarak Group’s administration and accounts for various financial periods.... 

Lonmin says court sanctions scheme of arrangement

By: Simone Liedtke     7th June 2019 Platinum miner Lonmin, which is being bought out by Sibanye-Stillwater, on Friday announced that a court had sanctioned the scheme by which the recommended offer by Sibanye for the entire issued and to be issued ordinary share capital of Lonmin was being implemented. The scheme would become... 

Trevali recruits former Barrick COO to its board

By: Creamer Media Reporter      7th June 2019 Vancouver-headquartered zinc miner Trevali has appointed former Barrick COO Richard Williams to its board of directors. Commenting on the appointment, chairperson Jessica McDonald said that Williams’ track record as a global mining leader and board member, as well his unique set of skills and... 

Record 24.98 ct diamond recovered at Kareevlei

By: Tasneem Bulbulia     7th June 2019 Aim-listed BlueRock Diamonds has recovered its largest diamond to date, a 24.98 ct gem-quality diamond. This diamond, which was recovered from its Kareevlei diamond mine, near Kimberley, in South Africa’s Northern Cape, would shortly be put to tender. 

Syrah to miss second-quarter production guidance

By: Mariaan Webb     7th June 2019 The Balama graphite mine, in Mozambique, will miss it second-quarter production guidance by about 5 000 t, as results from owner Syrah Resources’ production improvement plan took longer than expected to materialise. The Australia-based mining company said on Friday that the second-quarter... 

Anglo’s South African units confirm integrity of tailings dams 

By: Marleny Arnoldi     7th June 2019 The JSE-listed subsidiaries of global miner Anglo American have confirmed the structural integrity of their tailings dams, in line with a global call for better disclosure about tailings storage facilities (TSFs). Anglo American Platinum (Amplats) operates nine mineral residue facilities, of... 

Anglo’s South African units confirm integrity of tailings dams
Anglo American CE Mark Cutifani

Toro Gold hires bank to explore sale as IPO plans shelved – sources

By: Reuters     7th June 2019 West Africa-focused junior gold miner Toro Gold has hired boutique investment bank Raymond James to explore putting itself up for sale after shelving plans to list its shares in London, two sources with knowledge of the matter said. But attracting buyers won't be easy for the company that has... 

Kibo marks progress at Benga project

By: Tasneem Bulbulia     7th June 2019 Africa-focused Kibo Energy is continuing to advance the development of its Benga power plant project, in Mozambique. The company has completed an independent base case financial model and initial findings have demonstrated the economic robustness and viability of Benga under a base case... 

BHP review finds no dam integrity risks across tailings portfolio

By: Marleny Arnoldi     7th June 2019 Australia-headquartered resources company BHP Group on Friday presented an update on the company’s approach to its tailings storage facilities’ (TSF’s) management and to provide information on the number, design and classification of tailings facilities. BHP said it was establishing a dedicated... 

Trade war uncertainty is 'enemy' of global growth, Gurria says

By: Bloomberg     7th June 2019 Trade tensions have cost the world close to 1 percentage point in terms of growth, according to Angel Gurria, secretary-general of the Organization for Economic Cooperation and Development. “It’s gotten very bad,” Gurria said in an interview with Bloomberg Television’s Kathleen Hays in Fukuoka,... 

Zero harm is possible – Zikalala  

By: Martin Creamer     7th June 2019 Nompumelelo (Mpumi) Zikalala has hit the ground running as the newly appointed Managing Director of De Beers Group Managed Operations in South Africa and Canada, which employ more than 5 500 people, including contractors. The focus of the De Beers Group Managed Operations leadership team is on... 

Zero harm is possible – Zikalala
Newly appointed MD of De Beers Group Managed Operations in South Africa and Canada Mpumi Zikalala talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Christo Greyling.

Mining Charter III part of efforts to bring ‘equality to reality’ – Mantashe 

By: Rebecca Campbell     7th June 2019 The latest (third) iteration of the Mining Charter must not be viewed in isolation, but rather seen within the context of the socioeconomic transformation of South Africa, affirmed Minerals Resources and Energy Minister Gwede Mantashe in a keynote address to a recent colloquium hosted by the... 

Mining Charter III part of efforts to bring ‘equality to reality’ – Mantashe

Mining Charter III part of efforts to bring ‘equality to reality’ – Mantashe

By: Rebecca Campbell     7th June 2019 The latest (third) iteration of the Mining Charter must not be viewed in isolation, but rather seen within the context of the socioeconomic transformation of South Africa, affirmed Minerals Resources and Energy Minister Gwede Mantashe in a keynote address to a recent colloquium hosted by the... 

Mining Charter III part of efforts to bring ‘equality to reality’ – Mantashe

Eskom may be ‘too big to support’, S&P warns  

By: Terence Creamer     6th June 2019 S&P Global Ratings has warned that, while South Africa’s State-owned electricity utility Eskom is currently considered too big to fail, it may well also be “too big to support”, owing to the costs associated with stabilising the group’s finances. Speaking during a webcast on Thursday, sovereign... 

Eskom may be ‘too big to support’, S&P warns

Northern Cape may be where parts of Australia were in 90s – The Mineral Corporation 

By: Martin Creamer     6th June 2019 South Africa’s highly prospective Northern Cape may now be where geologically endowed parts Australia were in the early 1990s, John Murphy, the MD of The Mineral Corporation (TMC), said on Thursday. Speaking to Mining Weekly Online in an exclusive interview at the 21-year-old advisory group’s... 

Northern Cape may be where parts of Australia were in 90s – The Mineral Corporation
Photo by Creamer Media Photographer Dylan Slater
The Mineral Corporation MD John Murphy.

Kefi’s project partners pave the way for Tulu Kapi’s development

By: Marleny Arnoldi     6th June 2019 Aim-listed Kefi Minerals has received the last remaining federal government consent for the financing and development of its Tulu Kapi gold project, in Ethiopia. The company explained that the National Bank of Ethiopia finally provided its formal approval of the terms of the proposed full... 

Global uncertainty supports flows into gold-backed ETFs

By: Marleny Arnoldi     6th June 2019 Holdings in global gold-backed exchange-traded funds (ETFs) fell marginally, by 2.2 t, in May to 2 421 t, which is equivalent to $141-million in outflows, as consistent European fund growth was offset by outlows in North America and Asia. The World Gold Council (WGC) on Thursday reported its... 

Global uncertainty supports flows into gold-backed ETFs

Growthpoint completes Exxaro’s new corporate headquarters in Centurion

By: Tasneem Bulbulia     6th June 2019 Growthpoint Properties has completed its R600-million development of Exxaro’s new head office, opposite the Centurion Gautrain Station. The building integrates P-grade aesthetics and finishes and high-performance workspace. 

Growthpoint completes Exxaro’s new corporate headquarters in Centurion
Exterior view of Exxaro’s new corporate headquarters in Centurion

IronRidge completes Zaranou due diligence

By: Tasneem Bulbulia     6th June 2019 Aim-listed and Africa-focussed minerals exploration company IronRidge Resources on Thursday announced that it had completed due diligence over the Zaranou gold project, in Côte d'Ivoire, and that its joint venture agreement with GeoServices Côte d'Ivoire and Atlas Resources was now unconditional.... 

Shiva Uranium mine up for auction

By: Marleny Arnoldi     6th June 2019 The controversial Gupta-owned Shiva Uranium mine has been put up for auction by its business rescue practitioners. Shiva was placed under business rescue in February 2018, along with eight other Gupta-affiliated businesses.  

TCTA comes up with power alternative amid ‘war zone’ at Mintails plant  

By: Marleny Arnoldi     6th June 2019 The Trans-Caledon Tunnel Authority on Thursday announced that its acid mine drainage water treatment plant in the Western basin, near Krugersdorp, could not be reopened as planned on June 4. This was owing to an escalating security threat at the adjacent Mintails gold treatment plant, where... 

Resolute expands US dollar hedging position

By: Creamer Media Reporter      6th June 2019 Australia-based miner Resolute Mining is taking advantage of the gold price strength by hedging 30 000 oz at an average price of $1 337/oz, thereby securing price certainty for a portion of near-term US dollar revenues from its Syama gold mine, in Mali. Before these additional hedges, the... 

Iluka partners with IFC in Sierra Leone

By: Mariaan Webb     6th June 2019 The International Finance Corporation (IFC) will invest $60-million in mineral sands miner Iluka Resources’ Sierra Rutile operation, in Sierra Leone, the Perth-headquartered miner announced on Thursday. The IFC would initially invest $20-million for a 3.57% stake, with a further $50-million... 

Iluka partners with IFC in Sierra Leone

Senegal President says truth of BP gas deal will be established

By: Reuters     6th June 2019 Senegalese President Macky Sall said on Wednesday the government would find out the truth after a report alleged his brother Aliou Sall had been involved in fraud related to two major offshore gas blocks operated by BP. Making his first comments since the BBC published its report on Monday, the... 

Guinea iron-ore prospectors set sights on ArcelorMittal rail

By: Reuters     6th June 2019 The race to mine Guinea's iron-ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway, banking and industry sources said. Guinea's aspirations to develop Simandou, the world's... 

Lucapa launches next phase Lulu kimberlite search

By: Creamer Media Reporter      6th June 2019 Australia-based Lucapa Diamond Company has launched a $3.3.-million, 12-month exploration programme to locate the kimberlite source of the high-value alluvial diamonds that it currently mines at the Lulo mine, in Angola. The programme is based on a technical review of Lulo kimberlite exploration... 

South Africa turns unlikely haven as gold's rally boosts stocks  

By: Bloomberg     6th June 2019 Donald Trump’s trade offensives against China, Europe and Mexico may be driving the global markets into a frenzy, but the uncertainty is just the fix South Africa’s gold-miner stocks needed. The precious metal posted the biggest seven-day rally since the 2008 financial crisis after investors’... 

South Africa turns unlikely haven as gold's rally boosts stocks

Manganese, Junior Mining, Mantashe make headlines 

6th June 2019 This week, Mining Weekly editor Martin Creamer unpacks manganese as an EV metal, a kickstart for junior mining and, approval for Gwede Mantashe’s appointment. 

Manganese, Junior Mining, Mantashe make headlines
Manganese, Jr Mining, Mantashe make headlines

Resources Watch  

6th June 2019 Rebranded Minerals Council reflects the promise of the future And, South Africans need to act together to realise economic opportunities 

Resources Watch
Resources Watch

Strategic partnerships with midtiers, majors key to securing funding for juniors

By: Nadine James     5th June 2019 Strategic partnerships with midtiers or majors was one of the more realistic and beneficial means for junior miners to secure funding for initial exploration, a panel of speakers at the Junior Indaba said on Wednesday. Moderated by Botswana Diamonds MD James Campbell, the panel focused on the... 

TFR to conduct yearly maintenance shutdown on MMC line this month

By: Simone Liedtke     5th June 2019 State-owned Transnet Freight Rail (TFR) will be conducting its yearly maintenance shutdown on the Mineral Mining and Chrome (MMC) line from June 4 to 10.  The shutdown will allow TFR to undertake maintenance work that cannot take place during normal occupational conditions. 

Jubilee progresses towards producing 60 000 oz/y of PGMs

By: Marleny Arnoldi     5th June 2019 Aim- and AltX-listed Jubilee Metals is making progress in increasing production from, and commodity exposure to, its projects in South Africa and Zambia. The company’s PlatCro platinum group metals (PGMs) processing project in South Africa has been commissioned, with a 60 000 t per month... 

Employee dies in accident at Harmony’s Welkom mine

By: Simone Liedtke     5th June 2019 A Harmony Gold employee died in a scraper-winch-related accident at the Tshepong mine, in Welkom, on Wednesday morning. An investigation into the incident was under way, the miner confirmed. 

Manganese poised to make its mark as EV metal  

By: Martin Creamer     5th June 2019 Manganese could make its mark in the battery electric vehicle (EV) arena by displacing cobalt to a large extent in many of the cathode formulations, where the bulk of battery metals are used. The Junior Indaba heard on Wednesday that manganese, which South Africa hosts in abundance, is in a race... 

Manganese poised to make its mark as EV metal
Junior Indaba strategic metals discussion covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

Palladium, tin constraints offer upside for Ivanplats, Alphamin 

By: Nadine James     5th June 2019 Palladium and tin are both entering into periods of constrained supply, attendees of the Junior Mining Indaba – hosted at the Country Club Johannesburg in Auckland Park – were told on Wednesday. In his presentation, titled ‘We need more palladium’, Ivanplats senior VP Gerick Mouton noted that... 

Palladium, tin constraints offer upside for Ivanplats, Alphamin
Photo by Creamer Media
Alphamin CEO Boris Kamstra

Companies lag in climate-related disclosures – G20 Task Force

By: Reuters     5th June 2019 Companies are failing to disclose sufficient detail about how exposed they are to the potential risks of climate change, a global task force said in a report on Wednesday. Many investors have called on companies to provide better communication on how climate change could impact their businesses,... 

Companies lag in climate-related disclosures – G20 Task Force

Latest News

more

Latest Videos

more

Latest News: Australasia

more

Latest News: Americas

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close