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Popular This Month

Eskom CEO resigns for health reasons

By: Reuters     26th May 2019 The chief executive of South Africa’s struggling power utility Eskom, Phakamani Hadebe, said on Friday he was stepping down for health reasons after leading efforts to stabilise the highly indebted state firm. Eskom is regularly cited by ratings agencies as one of the main threats to the... 

Eskom CEO resigns for health reasons
Phakamani Hadebe

Mining sector facing similar ‘bullying tactics’ to that hindering construction 

By: Nadine James     22nd May 2019 Similar “bullying tactics” to those that are causing significant disruption in the South African construction industry, is also affecting the mining industry, Minerals Council South Africa CEO Roger Baxter confirmed on Wednesday. In a media briefing following the council’s annual general meeting... 

Mining sector facing similar ‘bullying tactics’ to that hindering construction
Photo by Creamer Media's Dylan Slater
Minerals Council CEO Roger Baxter

Zambia tells Glencore to surrender copper shafts set for closure  

By: Bloomberg     13th May 2019 Zambia will order Glencore to hand local contractors control of two copper shafts that the company’s local unit has earmarked for closure. Glencore’s Mopani Copper Mines announced early on Friday that it will cease operations at the Mindola North Shaft and Central Shaft because “they have reached... 

Zambia tells Glencore to surrender copper shafts set for closure

Miners in Congo face subcontracting limits under new rules 

By: Bloomberg     3rd May 2019 Companies in the Democratic Republic of Congo will have to ensure subcontractors they hire are domestically owned under rules being implemented by the government. The requirement adds to the raft of new measures mining companies have had to contend with over the past year, after the state in... 

Miners in Congo face subcontracting limits under new rules

AngloGold embarking on process to dispose of South African assets  

By: Martin Creamer     9th May 2019 Iconic South African gold-mining company AngloGold Ashanti said on Thursday that it was embarking on a process to review divestment options for its remaining South African assets. The company, headed by CEO Kelvin Dushnisky, said the process would consider all ownership options, with a view to... 

AngloGold embarking on process to dispose of South African assets
Photo by Bloomberg
AngloGold Ashanti CEO Kelvin Dushnisky

$62m Zimbabwe smelter heeds local beneficiation call 

By: Martin Creamer     16th May 2019 The $62-million smelter at Unki Mine’s existing complex is a strategic investment, which meets local beneficiation commitments, Anglo American Platinum said on Thursday, when it opened the completed installation at a ceremony in Shurugwi, Zimbabwe. The smelter investment is indicative of the... 

$62m Zimbabwe smelter heeds local beneficiation call
Matte casting at the new smelter at Anglo American Platinum’s Unki Mine in Zimbabwe.

Zambia files 'notification' of plans to take over Vedanta assets

By: Bloomberg     20th May 2019 Zambia’s government filed notification of plans to take over Vedanta Resources’s domestic copper assets, President Edgar Lungu said. The move marks an escalation in tension between the government and mine owners, after Lungu last week threatened to “divorce” Vedanta and Glencore, two of the... 

Zambian President threatens Glencore, Vedanta with 'divorce' 

By: Bloomberg     17th May 2019 Zambian President Edgar Lungu threatened to “divorce” the domestic copper units of Vedanta Resources and Glencore after the companies said they’d curb operations in the Southern African nation. The threat marks an escalation in tensions between the mining industry in Africa’s second-biggest... 

Zambian court appoints provisional liquidator of Vedanta's KCM 

By: Reuters     21st May 2019 Zambia's High Court on Tuesday appointed a legal firm as a provisional liquidator of Vedanta-controlled Konkola Copper Mines (KCM), according to a court document seen by Reuters. The document named Zambian law firm Lungu Simwanza & Company to oversee KCM a day after the president said Zambia... 

Zambian court appoints provisional liquidator of Vedanta's KCM

Researchers see manganese helping fuel cells down cost curve 

By: Martin Creamer     20th May 2019 A new manganese-containing material may contribute to platinum-using hydrogen fuel cells being driven down the cost curve. The new material, made from manganese hydride, is being earmarked for use in molecular sieves that work with the fuel cells in hydrogen fuelled systems that generate... 

Researchers see manganese helping fuel cells down cost curve
Hydrogen fuel cell cars use hydrogen and oxygen to generate electricity with the help of platinum.

ANC wants banks to be forced to fund South African coal mines  

By: Bloomberg     6th May 2019 South Africa’s banks should be forced to invest in new coal mines in the country, the ruling African National Congress’s head of economic transformation said. Nedbank Group and Standard Bank Group have said “they are not going to put money in coal any more,” Enoch Godongwana said in an interview... 

ANC wants banks to be forced to fund South African coal mines

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

Minister publishes amendments to financial provisioning regulations for mine closure  

By: Nadine James     21st May 2019 Environmental Affairs Minster Nomvula Mokonyane has gazetted additional amendments to the Financial Provisioning Regulations for the rehabilitation and remediation of environmental damage caused by exploration and/or mining activity. The regulations stipulate the manner in which mining... 

Minister publishes amendments to financial provisioning regulations for mine closure

Barrick bids for rest of Acacia as Tanzania refuses direct settlement  

By: Mariaan Webb     22nd May 2019 Toronto-headquartered Barrick Gold has presented a proposal to its London-listed subsidiary Acacia Mining to buy the rest of the shares in the miner that it does not already own for $285-million. The share-for-share exchange of 0.153 Barrick shares for each ordinary share of Acacia implies a... 

Barrick bids for rest of Acacia as Tanzania refuses direct settlement

Military stake stymies $4bn Zimbabwe platinum project  

By: Bloomberg     15th May 2019 A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4-billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions. The African Export-Import Bank has the mandate to raise money for the... 

Military stake stymies $4bn Zimbabwe platinum project

BHP admits to ‘over-investing’ in Canada mine, but says Jansen remains attractive

By: Esmarie Iannucci     14th May 2019 Diversified miner BHP on Tuesday admitted to an overspend at the Jansen potash mine, in Canada, but CEO Andrew Mackenzie has argued that the project remains an attractive asset. The mining giant has already spent $2.7-billion on the potash project, east of Saskatoon, Saskatchwan, and will have... 

BHP admits to ‘over-investing’ in Canada mine, but says Jansen remains attractive
The Jansen mine shaft in Canada's Saskatchewan

Barrick excited about the DRC 

By: Martin Creamer     10th May 2019 Gold-mining company Barrick is excited about ongoing opportunities in the Democratic Republic of Congo (DRC), where it is making progress with the new mining code, Barrick president and CEO Dr Mark Bristow told Mining Weekly Online on Thursday. Bristow, whose Randgold Resources is now fully... 

Barrick excited about the DRC
Photo by Creamer Media
Barrick president and CEO Dr Mark Bristow

Anglo American a ‘fundamentally different’ business  

By: Natasha Odendaal     2nd May 2019 As dual-listed Anglo American looks back on what has been described as another “very successful year”, the mining giant can look back on what is a significantly contrasting position less than a decade ago. Since 2012, Anglo American has shifted from a 30% mining margin to a 42% mining margin by... 

Anglo American a ‘fundamentally different’ business
Photo by Bloomberg
Mark Cutifani

Diamond trading goes online as Lucara takes on industry goliaths  

By: Bloomberg     29th April 2019 he opaque diamond trade may be ripe for disruption. Lucara Diamond, which recently found the second-largest diamond in history in Botswana, is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions. The service allows Lucara... 

Diamond trading goes online as Lucara takes on industry goliaths

Barrick Gold prepping sale of Zambian copper mine in H2 – sources

By: Reuters     14th May 2019 Barrick Gold, the world's second largest bullion miner, is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers, three sources with knowledge of the matter said. Fresh from two major deals in recent months, Barrick has said it plans to... 

Barrick Gold prepping sale of Zambian copper mine in H2 – sources

Lonmin/Sibanye merger judgment set for Friday 

By: Martin Creamer     10th May 2019 The Competition Appeal Court judgment on the merging of Lonmin with Sibanye-Stillwater is expected to be handed down in the Cape High Court on May 17 at 10h00, Mining Weekly Online can today report. The appeal against the merger was brought by the Association of Mineworkers and Construction... 

Lonmin/Sibanye merger judgment set for Friday
Photo by Creamer Media
Lonmin-Sibanye merger seen as a perfect job-saving fit.

Race for AngloGold assets may pit Sibanye against rival Harmony

By: Bloomberg     10th May 2019 Sibanye Gold faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti plans to sell. Sibanye, headed by South Africa’s prolific mining deal-maker, Neal Froneman, would be interested in purchasing AngloGold’s remaining mine in the country. But... 

Deloitte consolidates Intelligent Mining offering

By: Marleny Arnoldi     6th May 2019 Since launching its Intelligent Mining system a bit more than a year ago, Deloitte has consolidated the respective service offerings into one combined mining intelligence capability, which now comprises a Digital Nerve Centre and Intelligent Boardroom. Deloitte digital mining operations leader... 

Deloitte consolidates Intelligent Mining offering

SolGold announces PEA results for Alpala

By: Mariaan Webb     20th May 2019 LSE- and TSX-listed SolGold on Monday published the results of a preliminary economic assessment (PEA) for the Alpala copper/gold/silver deposit at the Cascabel project, in northern Ecuador. The study estimated a “low” start-up capital expenditure of $2.4-billion to $2.8-billion and a “high” net... 

SolGold announces PEA results for Alpala

Platinum seen contributing as much to South Africa's economy as gold did in the 20th century 

By: Natasha Odendaal     3rd May 2019 With the too-high economic cost of a lost opportunity looming, immediate measures are required to assist the platinum group metals mining sector to improve its viability and preserve employment. This is the intent behind the industry’s new South African National Platinum Strategy, with its most... 

Platinum seen contributing as much to South Africa's economy as gold did in the 20th century

Presidency slapped with hefty R29.9bn claim over Lesotho diamonds

By: News24Wire      16th May 2019 A diamond mining company has filed a R29.9-billion claim against President Cyril Ramaphosa and his government as a near three-decade-long dispute over expropriated diamond mining rights in Lesotho reaches South African courts again. Josias van Zyl, MD of Swissbourgh Diamond Mining, is arguing... 

Palladium's price gap over platinum needs to shrink – Nornickel 

By: Reuters     13th May 2019 The price gap between palladium and its sister metal platinum needs to shrink as number one platinum producer South Africa requires a higher price for the metal to keep investing in new supply, Russia's Norilsk Nickel said. Norilsk is the number one producer of palladium, accounting for more than... 

Billionaire Friedland close to deal with BHP on Guinea iron-ore

By: Bloomberg     17th May 2019 Billionaire mining investor Robert Friedland is close to a deal to take over an iron-ore deposit in Guinea from owners including BHP Group, according to people familiar with the situation. Friedland is in advanced talks with BHP, Newmont Goldcorp and Areva, that will see him move to develop the... 

Tharisa sticks to dividend guns as mine reconfiguration lowers output, profit 

By: Martin Creamer     15th May 2019 Platinum group metals and chrome mining company Tharisa Minerals has not allowed lower half-year production, profit and cash flow to get in the way of declaring an interim dividend. The Johannesburg- and London-listed company declared a $0.005-a-share payout on earnings a share of $0.4c, in... 

Tharisa sticks to dividend guns as mine reconfiguration lowers output, profit
Photo by Creamer Media
Tharisa Minerals CEO Phoevos Pouroulis.

Lonmin plans to cut 4 100 workers as it closes platinum mines

By: Bloomberg     21st May 2019 Lonmin plans to cut 4 100 workers at mines that have run out of profitable ore and are being closed. The platinum producer has started a process that’s required under South African labour law to carry out the workforce reductions, said Wendy Tlou, a spokesperson for the company. The layoffs will... 

Barrick may 'force' resolution to Acacia troubles, CEO says

By: Bloomberg     9th May 2019 Barrick Gold’s Mark Bristow said the company may have to “force” an end to stalled talks with Tanzania over the fate of its subsidiary Acacia Mining – but not yet. Shares of the unit pared gains. Acacia has been at odds with Tanzania’s government since July 2017, when the state handed the... 

Barrick may 'force' resolution to Acacia troubles, CEO says

Glencore lowers full-year copper output guidance  

By: Tasneem Bulbulia     30th April 2019 Diversified miner Glencore has lowered its full-year production guidance for copper to 1.46-million tonnes, compared with the previously guided 1.54-million tonnes. The group, led by CEO Ivan Glasenberg, on Tuesday reported that its own sourced copper production for the first quarter of this year... 

Glencore lowers full-year copper output guidance
Photo by Creamer Media
Ivan Glasenberg

Amplats considers sale of Twickenham and Bokoni mines – CEO

By: Reuters     17th May 2019 Anglo American Platinum (Amplats) is contemplating the sale of its Bokoni and Twickenham mines in South Africa, a move which would mostly complete the group's divestment strategy, its chief executive told Reuters. The precious metals producer has sold many of its mines as it pivots from the... 

Sibanye, Lonmin merger enters final stretch as AMCU appeal is dismissed 

By: Marleny Arnoldi     17th May 2019 The Competition Appeal Court of South Africa (CACSA) on Friday gave the green light for JSE- and NYSE-listed Sibanye-Stillwater’s proposed takeover of LSE- and JSE-listed Lonmin, dismissing an appeal filed by the Association of Mineworkers and Construction Union. CACSA upheld the Competition... 

Sibanye, Lonmin merger enters final stretch as AMCU appeal is dismissed
Photo by Creamer Media
Sibanye CEO Neal Froneman and Lonmin CEO Ben Magara

Ramaphosa's hard choice: a Cabinet to lift the South African economy   

By: Bloomberg     13th May 2019 South African President Cyril Ramaphosa’s triumph in guiding his African National Congress to a sixth straight election victory has left him with an even more formidable challenge: to pick a cabinet that can dismantle a shadow state of corruption and revive the flagging economy. His window of... 

Ramaphosa's hard choice: a Cabinet to lift the South African economy
Photo by Creamer Media's Dylan Slater
President Cyril Ramaphosa

Platinum miners brace for labour clash in early Ramaphosa test  

By: Bloomberg     14th May 2019 When the world’s biggest platinum miners sit down with labour unions this month to negotiate a three-year wage deal, it could prove an early test of Cyril Ramaphosa’s new presidency in South Africa. An amicable outcome will bolster Ramaphosa -- the former mine union leader and one-time platinum... 

Platinum miners brace for labour clash in early Ramaphosa test

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