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Audio Articles
Pure Gold bolsters financing with AngloGold raising 
By: Creamer Media Reporter 16th July 2019 TSX-V-listed Pure Gold Mining has enlarged its capital raising to $45.5-million, following additional nonbrokered financing of about $13.04-million from South Africa-headquartered gold major AngloGold Ashanti and an institutional investor. The issue of 23.7-million units at $0.55 each to... →
Amplats’ interim earnings receive boost from higher prices
By: Nadine James 16th July 2019 A higher rand platinum group metals (PGMs) basket price and a R1-billion stock count adjustment gain have pushed PGMs producer Anglo American Platinum’s earnings and headline earnings for the six months ended June 30, higher. In a revised trading update published on Tuesday, the miner said its... →
Rio completes Rössing sale
By: Esmarie Iannucci 16th July 2019 Diversified miner Rio Tinto has completed the sale of its interest in the Rössing uranium mine in Namibia to China National Uranium Corporation (CNUC). The two companies in November of last year struck an agreement under which Rio would divest of its 68.62% stake in the project in exchange for... →
Fuel cell electric vehicles set to make strong entry – visiting experts 
By: Martin Creamer 15th July 2019 There is simply no doubt that fuel cell electric vehicles (FCEVs), which use platinum group metal catalysts, will make a very strong global entry in the next decade, global experts said on Monday. Speaking to Mining Weekly Online on the eve of Nedbank’s FCEV conference in Cape Town, Professor Dr... →
PGMs eyed to elevate battery tech to new heights
By: Marleny Arnoldi 15th July 2019 JSE-listed Anglo American Platinum (Amplats) and TSX-listed Platinum Group Metals (PTM) have launched a joint venture, Lion Battery Technologies, to accelerate the development of next-generation battery technology using platinum and palladium. Lion has subsequently entered into an agreement with... →
Amplats market development head Benny Oeyen
Pan African exceeds full-year production guidance
By: Simone Liedtke 12th July 2019 Africa-focused metals producer Pan African Resources has exceeded its full-year production guidance of 170 000 oz, with output up 7.5% year-on-year to 172 442 oz. This has seen Pan African emerging as a “safe, low-cost and long-life gold producer”, CEO Cobus Loots said on Friday. →
Pan African Resources CEO Cobus Loots
Pan African condemns protest action affecting Barberton Mines
By: Simone Liedtke 12th July 2019 Africa-focused Pan African Resources’ Barberton Mines has lost a number of production days as a result of protest action, which the miner says is unrelated to normal industrial action. In a statement issued on Friday, Pan African said it would take the appropriate action to protect its employees... →
African govts’ mining policies perpetuating boom-and-bust cycle
By: Nadine James 12th July 2019 After a protracted period of consolidation, cost reduction initiatives and suspended dividends, the global mining sector is today in far better shape than it was during the years that followed the 2008/9 financial crisis and the subsequent commodities crash, notes Herbert Smith Freehills South... →
Investment, central bank demand to remain robust – WGC
By: Nadine James 11th July 2019 The World Gold Council (WGC) expects consumer demand to trend lower for the remainder of this year, but investment demand is likely to remain robust, while central banks continue their net purchasing trend. In its ‘Mid-Year Outlook’ report, released on Thursday, the WGC noted that financial... →
Fuel cells presenting mining, manufacturing with compelling opportunity – Isondo
By: Martin Creamer 11th July 2019 If South Africans make use of their superior sunlight and their prime wind, they can generate a lot of carbon-free electricity at a cost potentially cheaper than when Eskom burns coal and pollutes the air. That, in itself, is in line with the world’s decarbonisation demands. But there is more.... →
Isondo Precious Metals COO Dr Sakib Khan
Africa adds risk to Barrick portfolio, but Bristow is positive – Fitch
By: Mariaan Webb 11th July 2019 The acquisition of mines in Africa through a merger with Randgold Resources early this year, has raised the overall risk of Toronto-headquartered Barrick Gold’s mining portfolio, but analysts at Fitch Solutions believe that South African geologist Mark Bristow, who has a track record of operating... →
Budget does not fully account for mining sector concerns – DA
By: Tasneem Bulbulia 10th July 2019 The Democratic Alliance (DA) does not believe Mineral Resources and Energy Minister Gwede Mantashe’s budget vote for the Department of Mineral Resources, on Wednesday, took into account of the many areas of concern within the country’s mining industry. Speaking to Mining Weekly Online, DA Shadow... →
Mineral resources budget prioritises exploration, beneficiation, licensing
By: Nadine James 10th July 2019 Mineral Resources and Energy Minister Gwede Mantashe on Wednesday reiterated his belief that mining was a sunrise industry, while tabling the Department of Mineral Resources’ budget vote for 2019/20 in the National Assembly. The department has a R2-billion budget for the financial year. →
Deputy Minister hints at possible review of Mining Charter III
By: Nadine James 10th July 2019 Mineral Resources and Energy Deputy Minister Bavelile Hlongwa on Wednesday said a discussion to review Mining Charter III “would be very relevant”, given the current iteration’s lack of an explicit provision for youth ownership. Speaking during the Department of Mineral Resources’ Budget Vote... →
‘Weak’ carbon tax to be significantly strengthened from 2023 – Treasury official
By: Terence Creamer 9th July 2019 A leading National Treasury official has warned industry to prepare for a significant strengthening of South Africa’s carbon tax during the second phase of implementation, which will begin in January 2023, describing the first phase, which came into force on June 1, as “weak”. South Africa’s... →
National Treasury deputy director-general Ismail Momoniat
Exciting new stimulus for hydrogen power, fuel cells, platinum economy
By: Martin Creamer 9th July 2019 The emerging world of hydrogen power, fuel cells, platinum and climate change mitigation received another stimulus on Tuesday with the announcement of new high-level investment backing for a fund that promotes technologies dependent on the high-performance characteristics of platinum group metals... →
AP Ventures managing partner Andrew Hinkly
Tharisa mine set for strong finish to 2019 financial year
By: Marleny Arnoldi 9th July 2019 Platinum group metals and chrome miner Tharisa says an improvement in key production metrics has set its Tharisa mine up for a strong finish to the 2019 financial year. For the third quarter ended June 30, Tharisa achieved a 2% quarter-on-quarter improvement in reef tonnes mined and a 5.4%... →
Congo’s swing producers turn to copper after cobalt meltdown
By: Bloomberg 8th July 2019 Production of hand-dug cobalt in the Democratic Republic of Congo is poised to drop sharply after prices tumbled, prompting many of the country’s thousands of artisanal miners to switch focus to copper instead. Congo last year produced about 72% of the world’s cobalt, a key ingredient in the... →
Congolese army fires in the air during protest near Glencore plant
By: Reuters 8th July 2019 Congolese soldiers fired in the air on Monday as illegal miners protested outside a metallurgical plant on a copper and cobalt concession run by Glencore, a witness said. The protest near the Luilu plant follows the eviction last week of thousands of illegal miners from Glencore's Kamoto Copper... →
Anglo American firms up stake in Orion as Prieska gets enviro nod
By: Esmarie Iannucci 8th July 2019 Mining major Anglo American’s enterprise development division, Anglo American sefa Mining Fund (AASMF), has taken a 3.7% interest in ASX- and JSE-listed Orion Mining. AASMF in 2015 subscribed for 15.75-million redeemable preference shares in Repli Trading No 27, which is 73.33% held by Orion, at... →
Atlatsa shareholders to meet on ‘going private’ deal on Aug 2
By: Nadine James 5th July 2019 Shareholders of Atlatsa Resources Corporation will, on August 2, vote on a special resolution to implement a transaction that will result in the company delisting from the JSE and TSX. The transaction, first announced in December 2018, involves a two-phase restructuring plan in terms of which... →
UN deep sea mining body rejects Greenpeace criticism
By: Reuters 5th July 2019 The International Seabed Authority (ISA) has rejected criticism from Greenpeace over its handling of ocean mining, fuelling a spat that threatens to overshadow talks this month by the UN body towards rules for deep sea mining. Mining international waters is in the spotlight as companies and... →
Acacia reports 13% rise in gold reserves for Tanzania mine
By: Reuters 5th July 2019 Acacia Mining on Friday reported a 13% rise in gold reserves at the end of May for its Gokona mine in North Mara, Tanzania, adding weight to its view that majority shareholder Barrick Gold's buyout proposal undervalued the miner. Acacia Mining last month strongly disagreed with the world's No. 2... →
Blyvoor Gold winning overwhelming support from employees, community
By: Martin Creamer 4th July 2019 Emerging gold-mining company Blyvoor Gold, which is targeting a resumption of mining at the old Blyvooruitzicht gold mine in the last quarter of this year, is winning overwhelming support from the once liquidated mine’s former employees, as well as the members of the nearby mine community.... →
From left Blyvoor Gold deputy chairperson Richard Floyd, BEE of Blyvoor spokesperson Wels Sempe, Mining Weekly’s Martin Creamer, Blyvoor Gold CEO Alan Smith, Blyvoor Gold spokesperson Joseph Rammusa, Blyvoor Gold chairperson Peter Skeat and Community of Blyvoor spokesperson Johannes Tala.
Glencore confirms Congo security presence at mine
By: Reuters 4th July 2019 Glencore on Thursday confirmed Democratic Republic of Congo armed forces were in the area around a copper and cobalt mine run by the company, a week after a landslide there killed 43 miners. Congolese security forces began evicting illegal miners from the mine on Thursday, local activists said. →
Vedanta seeks arbitration from South African High Court amid KCM lawsuit
By: Marleny Arnoldi 4th July 2019 Diversified miner Vedanta Resources on Wednesday obtained an ex parte order in the High Court of South Africa, granting the company leave to institute an urgent interim interdict application against ZCCM Investments Holdings. In terms of the urgent application, served on both Zambian company... →
After two tumultuous decades, Congo gold miner is back from the brink
By: Bloomberg 4th July 2019 In the past 23 years, Banro Corp had its Democratic Republic of Congo gold assets seized, got them back, built two mines, closed one after attacks by militants and sought bankruptcy protection. Now, controlled by its former creditors, the company has a plan to make another go of it. Banro will... →
Gold mine bosses draw the line on zama menace
By: Martin Creamer 3rd July 2019 The resurfacing of illegal mining in the Carletonville area on the West Rand has prompted a gold-mining company to write an urgent open letter to Gauteng's provincial commissioner of police, Lieutenant-General E Mawela. The letter follows a growing list of illegal mining-related violence,... →
Mass meeting of Blyvooruitzicht community held outside the NG Kerk at Blyvooruitzicht. The community is fighting illegal mining.
Policy has handicapped South Africa’s minerals industry – Baissac
By: Nadine James 3rd July 2019 South Africa's minerals policy has changed the market in inefficient ways, exacerbated the impact of external factors such as volatile commodities prices and failed to meet its primary objectives, Eunomix CEO Claude Baissac told attendees at an African Mining Network session last week. Framing... →
Eunomiz CEO Claude Baissac
Pallinghurst earmarks $1bn for battery, fuel cell materials
By: Martin Creamer 3rd July 2019 Diversified investor Pallinghurst has entered the battery materials and energy storage revolution through the creation of a diversified battery raw materials platform. With the global electric vehicle and energy storage surge underpinned by government regulations and consumer demand for green... →
Arne Frandsen
South African platinum mine wage negotiations to start next week
By: Bloomberg 2nd July 2019 South Africa’s largest platinum-mining labour union said it would meet the nation’s top three producers on successive days next week as it starts formal negotiations for a three-year wage deal. The Association of Mineworkers and Construction Union (AMCU) plans to meet Anglo American Platinum on... →
Illegal miners at Glencore concession in Congo defy eviction
By: Reuters 2nd July 2019 Illegal miners at a copper and cobalt mine run by Glencore in southeastern Congo defied a deadline on Tuesday to vacate the site, a union official said, raising fears of a potentially violent standoff. A landslide last Thursday at the Kamoto Copper Company (KCC) concession, majority-owned by a... →
AfriTin aims to capitalise on global tin deficit
By: Tasneem Bulbulia 2nd July 2019 Aim-listed AfriTin Mining achieved several key milestones at its Uis tin mine, in Namibia, during 2018 and is now focused on delivering a pilot plant capable of producing a profitable concentrate at the mine, while incorporating further optionality through regional expansion. Reporting on the... →
Glencore paid $5.7bn in taxes, royalties to governments in 2018
By: Marleny Arnoldi 1st July 2019 Diversified miner Glencore made $5.7-billion worth of payments to governments in 2018. This include income taxes, royalties and other payments. “Our activities within our operating countries enable governments to monetise their natural resources. Governments can use tax and royalty payments to... →
Moody’s forecasts slower base metals performance in short term
By: Marleny Arnoldi 1st July 2019 Moody’s Investors Service has maintained a stable outlook for the global base metals industry despite expecting performance in the sector to weaken over the next 12 to 18 months. The financial services company says the base metals sector’s performance will weaken as a result of continued trade... →
Gold sinks most in a year as trade truce deals blow to bulls
By: Bloomberg 1st July 2019 Gold opened the third quarter with a slump back below $1 400/oz after the US and China agreed to a truce in their trade war, dealing a blow for now to havens that were bolstered in recent months by the long-running tensions as well as prospects for looser monetary policy. Prices fell after Donald... →
Zambian court withdraws order blocking disposal of Vedanta unit assets
By: Reuters 28th June 2019 A Zambian court on Friday withdrew an earlier order blocking a provisional liquidator at Vedanta's Konkola Copper Mines (KCM) business from disposing of KCM's assets or making arrangements with its creditors. The about-turn from the Zambian High Court is the latest twist in a dispute between... →
Concerted effort needed to arrest decline in South Africa’s gold, platinum output – Dixon
By: Nadine James 28th June 2019 Gold and platinum mines in South Africa exemplify the Albert Einstein quote on insanity, consulting engineer and industry expert Roger Dixon noted at an African Mining Network event on Thursday evening. He explained that the typical South African mine had to contend with increasing depths,... →
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