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Global Witness welcomes LME’s new responsible sourcing rules 
By: Marleny Arnoldi 23rd April 2019 International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday. The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a... →
Anglo stalwart appointed Pensana CEO
By: Esmarie Iannucci 23rd April 2019 ASX-listed rare earths hopeful Pensana Metals has appointed Tim George as CEO. George has more than a decade of experience in production management at several of diversified miner Anglo American’s operations in Africa, and has previously worked in Angola as chairperson and CEO of Aim-listed... →
Anglo steps up defense to repel Agarwal's interest – Telegraph
By: Bloomberg 23rd April 2019 Anglo American has hired three investment banks to fend off a potential takeover bid from the billionaire owner of Vedanta Resources, Anil Agarwal, the Telegraph reported, citing unidentified people. Agarwal has previously stated he had no intention to take over the miner, but bankers think he... →
South32 coking coal output down 37%, energy coal hit by community protests
By: Esmarie Iannucci 18th April 2019 Diversified miner South32 has lowered its energy coal and alumina production expectations for the full year, following a tough March quarter. Energy coal production for the quarter declined by 1% on the previous quarter, to 6.3-million tonnes, while metallurgical coal production was down 37% to... →
Mick Davis moves closer to iron-ore mining with Liberian deal
By: Bloomberg 18th April 2019 Mining dealmaker Mick Davis has won permission to export iron-ore from a planned mine in West Africa, adding momentum to the industry veteran’s comeback. Davis, through his new Niron Metals vehicle, has signed an agreement with Liberia that will allow him to use a rail and port to export iron-ore... →
Mick Davis
Five-month gold strike is over
By: Martin Creamer 17th April 2019 The five-month strike by the Association of Mineworkers and Construction Union (AMCU) at Sibanye-Stillwater’s South African gold operations is over. Parties have acknowledged that it is in their interest to rebase and develop a constructive relationship going forward, Sibanye-Stillwater said in a... →
Zimbabwe attracts two new investors to develop platinum mining projects
By: Reuters 17th April 2019 Zimbabwe will in coming weeks name two new investors who will develop separate platinum mining projects west of the capital as the country ramps up mining output in an attempt to ease a severe dollar shortage, the mines minister said on Wednesday The southern African nation has the second largest... →
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,... →
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.
Royal Bafokeng boosts production despite setbacks
By: Martin Creamer 17th April 2019 Black-owned platinum group metals mining company Royal Bafokeng Platinum boosted its production in the three months to March 31, in spite of several setbacks in the period. Tonnes delivered to concentrators increased by 17.3% to 862 000 t and tonnes milled increasing by 11.6% to 846 000 t.... →
Gold output to reach record high this year – report
By: Nadine James 16th April 2019 Gold production increased for the tenth consecutive year in 2018 to 107.3-million ounces and is expected to reach a new record high of 109.6-million ounces this year, S&P Global Market Intelligence research analyst Christopher Galbraith said on Tuesday. He noted that while the year-on-year... →
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... →
MC signs coal offtake agreement for Makhado thermal coal
By: Creamer Media Reporter 16th April 2019 ASX-, Aim- and JSE-listed MC Mining's Limpopo Coal Company subsidiary has entered into a sale and purchase agreement with one of the world's largest producers and marketers of bulk commodities for the offtake of export quality thermal coal to be produced during Phase 1 of the Makhado project, in... →
MC CEO David Brown
Acacia reports 13% lower gold production for the first quarter
By: Simone Liedtke 15th April 2019 Gold miner Acacia Mining on Monday reported gold production of 104 889 oz for the first quarter of this year, a 13% year-on-year decrease mainly as a result of lower output at the North Mara and Buzwagi mines. Gold ounces sold for the quarter, at 104 985 oz, were, however, in line with production. →
Gemfields sells Jupiter shareholding for $31m
By: Marleny Arnoldi 15th April 2019 JSE- and BSX-listed Gemfields’ subsidiary, Pallinghurst Consolidated, will sell the 145-million shares it holds in ASX-listed Jupiter Mining to AMCI Euro Holdings for A$44-million, or $31-million. Gemfields stated on Monday that the transaction was consistent with the board’s strategy for the... →
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 CEO Richard Duffy
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... →
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... →
Norman Mbazima
Minerals Council calls for delay of at least five years in carbon tax implementation
By: Rebecca Campbell 12th April 2019 The Minerals Council South Africa (Minerals Council), the representative body for the mining industry in the country, has called on government to delay the implementation of the new carbon tax. “The Minerals Council would like to see a delay of at least five years for the implementation of the... →
Sibanye-Stillwater presells gold to Citibank
By: Martin Creamer 11th April 2019 Precious metals mining company Sibanye-Stillwater announced on Thursday that it had entered into an agreement to presell gold to Citibank for R1.75-billion ($125-million). This follows Wednesday’s raising of a similar amount on the sale of 5% of the issued shares of the Johannesburg- and New... →
Sibanye-Stillwater CEO Neal Froneman
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... →
South Africa’s Feb mining output down 7.5% y/y
By: Marleny Arnoldi 11th April 2019 Statistics South Africa has reported that mining production in February decreased by 7.5% year-on-year. The largest negative contributors were diamonds, with a 48.3% decrease in output, contributing -3.2 percentage points; gold, with a 20.6% decrease in output, contributing -3 percentage... →
Gold Fields declares maiden reserve at Salares Norte, targets first gold in 2023
By: Marleny Arnoldi 10th April 2019 Gold Fields earlier this year completed a definitive feasibility study (DFS) on its Salares Norte project, in Chile, South America, which enabled the company to declare a maiden reserve for the project. The company started exploration on the prospect in March 2011, with drilling to date... →
Gold Fields CEO Nick Holland
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... →
Sibanye raises R1.7bn in share placement
By: Marleny Arnoldi 10th April 2019 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has placed 108.93-million new ordinary shares at R15.50 apiece with existing and new institutional investors, raising gross proceeds of about R1.7-billion, or $120-million. The shares represent around 5% of the company’s issued... →
Sibanye-Stillwater CEO Neal Froneman
South African platinum industry needs continuing collaboration – panel
By: Simone Liedtke 9th April 2019 Despite cautious optimism among industry stakeholders about the platinum group metals (PGMs) industry’s forward momentum, Northam Platinum CEO Paul Dunne on Tuesday warned delegates at the PGMs Industry Day, in Johannesburg, that the industry was “not out of the woods yet”. Dunne lamented that... →
Rapidly rising costs will exacerbate PGMs industry crisis
By: Natasha Odendaal 9th April 2019 Faster-than-inflation rising costs and a stall in revenue in the South African platinum group metals (PGMs) industry are exacerbating hardwired challenges that are already threatening nearly 90 000 jobs. Rapidly escalating costs, particularly for labour, electricity and supplies, are fast... →
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... →
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 CEO Jean-Sebastian Jacques
Transnet sets new weekly manganese record
By: Simone Liedtke 8th April 2019 State-owned Transnet Freight Rail on Monday announced that it had achieved a new weekly throughput record of 335 812 t of manganese, beating its previous record by 6 362 t. The record was achieved in week two of the 2019/20 financial year and compares with a target of 290 794 t for that week. →
Ethical investors ask miners to publish tailings dam details
By: Reuters 5th April 2019 Ethical investors working on a global standard for tailings dams have written to 683 listed resource companies, including major miners, asking for information to be made public within 45 days about every facility they control. The safety of dams used to store mining waste known as tailings has... →
Technical assessments launched after housing damage in Ogies
By: Marleny Arnoldi 5th April 2019 Mineral Resources Minister Gwede Mantashe says technical assessments will be undertaken in Ogies, Mpumalanga, to determine whether cracks in the Phola community’s houses have been as a result of three nearby mines’ activities. This follows after the Minister consulted the Phola community, near... →
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... →
Global gold-backed ETF holdings grew incrementally in March – WGC
By: Simone Liedtke 4th April 2019 Holdings in global gold-backed exchange-traded funds and similar products rose by 3 t in March, to 2 483 t, equivalent to about $183-million in inflows, the World Gold Council (WGC) reported on Thursday. The WGC said global assets under management fell by 1.6% in dollar terms to $103-billion over... →
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... →
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. →
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... →
Graphic showing how sun can provide electricity to produce hydrogen that powers mine fleets.
Jewellers must say whether diamonds are mined or synthetic – US FTC
By: Reuters 3rd April 2019 The US Federal Trade Commission, which investigates allegations of deceptive advertising, said on Tuesday that it has sent warning letters to eight companies to insist that they distinguish in advertisements between diamonds that come from mines and those made in laboratories. The FTC said that... →
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... →
Paul Dunne (right) and Martin Creamer
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