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90 000 gold and platinum jobs at risk as Eskom hikes loom 

By: Terence Creamer     25th March 2019 The Minerals Council South Africa is ringing alarm bells over the threat posed to employment and production in the gold and platinum sectors as a result of recently approved electricity tariff increases, including the 13.8% hike to be implemented from April 1. In addition, the council is warning... 

90 000 gold and platinum jobs at risk as Eskom hikes loom

Sasol reports stabilisation in synfuels output 

By: Terence Creamer     18th April 2019 Chemicals and energy group Sasol reports that output at its Secunda Synfuels Operations (SSO) stabilised in the third quarter, following the total shutdown of the West factory during the first half of its 2019 financial year, which had negatively affected production. In a note to shareholders,... 

Sasol reports stabilisation in synfuels output

Anglo taking tailings dam monitoring to next level 

By: Martin Creamer     4th April 2019 Diversified mining company Anglo American is implementing new techniques that give the company far more control over tailings dams, which have been thrown into the spotlight after the tragic loss of life at Brumadinho, in Brazil, where an iron-ore tailings dam collapsed at Vale’s Corrego do... 

Anglo taking tailings dam monitoring to next level
Photo by Anglo American
How Anglo American is reducing tailings dam risk

Exxaro unveils new ultramodern headquarters 

By: Martin Creamer     28th March 2019 South Africa’s largest coal producer and black-empowered coal company Exxaro has unveiled its new ultramodern headquarters. The conneXXion, in Centurion, has e-parking bays for employees to charge their electric or hybrid vehicles while they work, and attractive central staircases to encourage... 

Exxaro unveils new ultramodern headquarters
New Exxaro headquarters

Anglo hopes to run truck on hydrogen in 12 months – O’Neill 

By: Martin Creamer     3rd April 2019 Diversified mining company Anglo American hopes to have a truck running on hydrogen in the next 12 months, Anglo American technical director Tony O’Neill said on Wednesday, when he spoke of foreseeing the company’s installed diesel fleet one day being replaced by an electrical alternative.   To... 

Anglo hopes to run truck on hydrogen in 12 months – O’Neill
Photo by Anglo American
Graphic showing how sun can provide electricity to produce hydrogen that powers mine fleets.

Northam trying out tunnelling first at rhodium-rich Eland mine development 

By: Martin Creamer     2nd April 2019 Platinum group metals mining company Northam is preparing to deploy innovative tunnel boring technology at its Eland mine as part of a R93-million shared risk-and-reward contract with Master Drilling. Eland, on the southeastern limit of the western limb of the Bushveld Complex, has a 19.3-million... 

Northam trying out tunnelling first at rhodium-rich Eland mine development
Photo by Creamer Media
Paul Dunne (right) and Martin Creamer

Ivanhoe eyes DRC copper mine that will be larger than Grasberg and Oyu Tolgoi 

By: Mariaan Webb     28th March 2019 Canada-headquartered Ivanhoe Mines is considering an expanded copper mining development in the Democratic Republic of Congo (DRC), which will rank the Kamoa-Kakula mine as the world’s second largest after the giant Escondida mine of BHP and Rio Tinto in Chile. At an expanded production rate of... 

Ivanhoe eyes DRC copper mine that will be larger than Grasberg and Oyu Tolgoi

Hydrogen and platinum at centre of climate change solution – Anglo   

By: Martin Creamer     11th April 2019 Hydrogen is at the centre of the solution to climate change and platinum, in turn, is at the centre of hydrogen, London-based Anglo American executive head of market development Benny Oeyen emphasised when he spoke to Mining Weekly Online on the sidelines of this week’s Platinum Group Metals... 

Hydrogen and platinum at centre of climate change solution – Anglo

The great diamond shortage that never was is likely coming soon  

By: Bloomberg     27th March 2019 For more than 15 years, the diamond industry has been telling the world about a looming shortage of gems. Instead, demand has been stubbornly underwhelming, and the miners have done a wonderful job of digging more and more stones. But the pain may soon be over for an industry that’s being... 

The great diamond shortage that never was is likely coming soon

Canada's diamond miners are on their knees because size matters

By: Bloomberg     4th April 2019 The story of how two prospectors, down to their last nickels, discovered diamonds in Canada’s frozen north is the stuff of legend. Back in 1982, Chuck Fipke and Stewart Blusson laid low in a pup tent by day while their competitor De Beers hauled 45-gallon drums of rock samples to a nearby... 

Canada's diamond miners are on their knees because size matters

A million tons of copper is on the way, but it may not be enough 

By: Bloomberg     8th April 2019 Giant mines currently under construction will churn out an additional one-million tons of copper through 2023, but that won’t be enough to fully close an expected gap between supply and demand in the next few years. Industry analysts and executives descending on Santiago this week for the Cesco... 

A million tons of copper is on the way, but it may not be enough

MMG joins Glencore, ERG in reviewing Congo plans after tax hike 

By: Bloomberg     4th April 2019 Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests. MMG, the Chinese-owned copper producer, is considering whether to invest in more expensive methods... 

MMG joins Glencore, ERG in reviewing Congo plans after tax hike
MMG's Kinsevere mine

Rio Tinto approves $463m Zulti South project to extend RBM's life 

By: Creamer Media Reporter      8th April 2019 Diversified miner Rio Tinto on Monday approved the construction of the $463-million Zulti South project − the next stage in the development of mineral sands producer Richards Bay Minerals (RBM), in South Africa's KwaZulu-Natal province. The project will sustain RBM's current capacity, as well as... 

Rio Tinto approves $463m Zulti South project to extend RBM's life
Photo by Bloomberg
Rio Tinto CEO Jean-Sebastian Jacques

Platinum ETFs hit record high, palladium seen as over-bought 

By: Martin Creamer     29th March 2019 Platinum-backed exchange traded fund (ETF) holdings increased for the ninth consecutive day yesterday reaching 2.96-million ounces, the highest level on record, the BMO Metals Brief noted on Friday. The report put out by BMO Global Commodities Research addedthat ETF inflows had been strong in the... 

Platinum ETFs hit record high, palladium seen as over-bought
Photo by Bloomberg
Platinum bar.

Exciting DRDGold expertise deserves international prominence – Froneman 

By: Martin Creamer     27th March 2019 The exciting gold-from-tailings expertise of DRDGold, which has decades of experience in recovering precious metals profitably from mine dump material, deserves international prominence which Sibanye-Stillwater intends to afford it, CEO Neal Froneman said on Wednesday. Froneman drew attention to... 

Exciting DRDGold expertise deserves international prominence – Froneman
Photo by Wynand van der Merwe
Sibanye-Stillwater CEO Neal Froneman with Joburg Indaba chairperson Bernard Swanepoel

Zimbabwe, Russia finalise deal for $4bn platinum mine

By: Bloomberg     10th April 2019 Zimbabwe has signed an agreement with Russia to build a new platinum mine in the southern African country, finalising a deal that’s stalled since 2014. A deal to develop a new platinum-group metals mine on a prospect held by Great Dyke Investment, a company jointly owned by a Russian... 

Zimbabwe pursuing favourable policies to attract more mining investment 

By: Tasneem Bulbulia     10th April 2019 To pursue meaningful and increased exploration, fully capitalise on economic benefits and increase investment in the mining sector, the Zimbabwean government has embarked on a number of policies to engender a favourable environment for investors. Deputy Mines and Mining Development Minister... 

Zimbabwe pursuing favourable policies to attract more mining investment

Orion clinches potent new-style empowerment deal  

By: Martin Creamer     16th April 2019 Sydney- and Johannesburg-listed exploration and mining development company Orion Minerals has found a formula to achieve empowerment that puts all shareholders at full participation and contribution. “What we’ve arrived at is a fantastic win-win scenario,” an overjoyed Orion CEO Errol Smart told... 

Orion clinches potent new-style empowerment deal

Research bodies turning to technology to reverse decline of deep-level mining  

By: Nadine James     5th April 2019 The outlook for South Africa’s deep-level mining sector over the next ten years is bleak, without drastic change, comments Mandela Mining Precinct co-director Navin Singh. This is because of challenges around operating costs and safety of personnel, says South African Institute of Mining and... 

Research bodies turning to technology to reverse decline of deep-level mining

Petra Diamonds' new CEO to work on strategy, seeks stability first 

By: Reuters     15th April 2019 African miner Petra Diamonds, which has high debt levels, aims to be cash flow positive in the second half of the year and will then be able to consider future developments, its new chief executive said on Monday. The company's share price has fallen 55% since the start of the year as weak... 

Petra Diamonds' new CEO to work on strategy, seeks stability first
Photo by Creamer Media
Petra CEO Richard Duffy

AMCU not backing down on demands as Sibanye strike continues

By: African News Agency      2nd April 2019 The Association of Mineworkers and Construction Union (AMCU) said on Monday that the four-month workers' strike at Sibanye-Stillwater's gold operations will continue. This is after AMCU president and the union's national leadership met with members at Masizakhele Stadium at Sibanye operations in... 

Barrick to reinvent Latin American mines – Bristow

By: Mariaan Webb     25th March 2019 Gold mining major Barrick is committed to its operations in Latin America and will reinvent the way its Veladero mine, in Argentina, operates and will devise a new plan for Lagunas Norte, in Peru, says CEO Mark Bristow. The Veladero mine, in which China’s Shandong Gold Group is Barrick’s equal... 

Barrick to reinvent Latin American mines – Bristow
The Veladero mine in Argentina.

BSG ordered to pay Vale $1.2bn over Simandou

By: Creamer Media Reporter      10th April 2019 An arbitral tribunal in London has ordered BSG Resources (BSGR) to pay Brazilian miner Vale $1.25-billion plus costs and interest in a case relating to the Simandou iron-ore concessions in Guinea. The award is for fraud and breaches of warranty by BSGR  – the mining arm of billionaire Beny... 

Anglo American vows to scrap $3bn copper plan if opposition soars

By: Bloomberg     8th April 2019 Anglo American will scrap its next big copper project if studies indicate the plan could harm nearby glaciers or there’s major opposition from local communities in Chile, a top executive says. The London-based company will file for environmental approval of the $3-billion project to increase... 

China’s ambitious Belt and Road hinges on international cooperation – BHP

By: Esmarie Iannucci     25th March 2019 Diversified major BHP CEO Andrew Mackenzie says that the success of China’s Belt and Road initiative will hinge on cooperation within the international community. Speaking in Beijing at the weekend, he noted that the ambitious infrastructure initiative, which, like the ancient Silk Road trade... 

China’s ambitious Belt and Road hinges on international cooperation – BHP
Photo by Bloomberg
BHP CEO Andrew Mackenzie

‘Difficult decisions’ at lithium developer Nemaska

By: Creamer Media Reporter      26th March 2019 Lithium junior Nemaska Lithium has been forced to set a new pace for construction activities at its Whabouchi mine and Shawinigan plant, after a project cost-blowout left it short of cash. The mine construction pace will be adjusted to start production in a “timely fashion”, the Quebec-focused... 

‘Difficult decisions’ at lithium developer Nemaska

Orion reawakening geological giant in Northern Cape 

By: Martin Creamer     18th April 2019 Three years ago, Orion Minerals was trading at an eighth of an Australian cent a share. It had a market capitalisation of $4-milllion and set out to find something that could be turned into a mine. The good news is that the company found that opportunity in South Africa, and its share price has... 

Orion reawakening geological giant in Northern Cape

Barrick, DRC President confirm partnership to grow DRC gold mining industry 

By: Simone Liedtke     3rd April 2019 Democratic Republic of the Congo (DRC) President Felix Tshisekedi and Barrick Gold Corporation executive chairperson John Thornton on Wednesday confirmed a partnership to develop the country’s gold mining industry. The two held a meeting during Tshisekedi’s State visit to the US. 

Barrick, DRC President confirm partnership to grow DRC gold mining industry
Barrick Gold Corporation executive chairperson John Thornton

Platinum demand investment reaps reward – Amplats  

By: Martin Creamer     9th April 2019 The best lever to stimulate platinum demand is platinum jewellery promotion, which provides the best return “by a country mile", Anglo American Platinum CEO Chris Griffith said on Tuesday. Speaking at the Platinum Group Metals (PGMs) industry day, Griffith said that the work done by the platinum... 

Platinum demand investment reaps reward – Amplats

Mbazima to retire from Anglo American after 18 years 

By: Creamer Media Reporter      12th April 2019 Norman Mbazima will step down as deputy chairperson of Anglo American South Africa on June 30. “Norman has made an exceptional contribution to Anglo American over the last 18 years, delivered with tireless energy, most recently as deputy chairperson of Anglo American South Africa. He has played... 

Mbazima to retire from Anglo American after 18 years
Photo by Creamer Media
Norman Mbazima

Mantashe urges continued investment in clean coal tech  

By: Tasneem Bulbulia     12th April 2019 Mineral Resources Minister Gwede Mantashe on Friday commended Sasol for the “good work” it was doing and the opening of its new Impumelelo Colliery. He said it was notable that the opening of the mine came at a time when coal is under siege and that it should counter the narrative that coal is... 

Mantashe urges continued investment in clean coal tech

Eager black investors fund premium-priced opportunity in zinc, copper 

By: Martin Creamer     17th April 2019 Black investors have self-funded the purchase of shares at a premium price in the fast-tracked redevelopment of the Prieska zinc and copper mine in the Northern Cape, which has a three-year payback and a minimum mine life of ten years. The $8-million equity capital raising by Orion Minerals,... 

Eager black investors fund premium-priced opportunity in zinc, copper
Photo by Creamer Media Chief Photographer Dylan Slater
Orion Minerals’ ‘meet-the-media’ attendees were from left: Jowell Tobias, Godfrey Gomwe, Billy Mawasha, Michelle Jenkins, Errol Smart, Nelson Mosiapoa, Tom Borman, Sharon Matthews and Roger Matthews.

How countries are getting tougher with mining companies

By: Reuters     4th April 2019 A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries. In most cases, governments are seeking to increase their share of... 

Trevali appoints Vale COO Grimbeek its new CEO

By: Creamer Media Reporter      9th April 2019 Base metals miner Trevali Mining has named mining engineer Ricus Grimbeek its president and CEO to take over from Mark Cruise on April 23. Grimbreek, who holds a degree from South Africa’s University of Pretoria, is a mining executive with nearly three decades of experience in the resources... 

Drilling oil in one of fastest ocean currents tests Total

By: Bloomberg     26th March 2019 Total’s discovery of South Africa’s first oil in deep water could prove to be a bonanza for a country lacking crude reserves of its own and prompt a rush from other majors. That’s if they’re able to solve the engineering challenges of operating in one of the fastest ocean currents in the world.... 

Drilling oil in one of fastest ocean currents tests Total

Cummins consolidates business units at new multimillion-rand premises   

By: Tasneem Bulbulia     27th March 2019 Global power company Cummins on Wednesday officially launched the “Power Hub”, its new multimillion-rand premises in the business area of the Waterfall Logistics Precinct, in Waterfall City, in Midrand. The new premises has enabled the company to consolidate its various services and sales... 

Cummins consolidates business units at new multimillion-rand premises

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