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Mopani transitions copper operations to care and maintenance 
By: Martin Creamer Updated 2 hours 21 minutes ago Copper mining company Mopani Copper Mines plc said on Tuesday that it had placed its mining operations on care and maintenance and a number of projects on hold. The announcement, the company said, followed a number of meetings with Zambian government ministries to provide an update of its... →
De Beers contributes $2.5m Covid-19 funding to Botswana, Namibia
By: Martin Creamer Updated 3 hours ago Diamond mining and marketing corporation, the De Beers Group, on Tuesday announced that it would contribute $2 500 000 across Botswana and Namibia to aid the response to the Covid-19 crisis. De Beers Group is a 50/50 joint venture partner with both Botswana and Namibia in the recovery and sorting... →
Gold Fields promoting widespread human welfare during lockdown
By: Martin Creamer Updated 4 hours ago Gold mining company Gold Fields, which has placed its South Deep gold mine in Gauteng on care and maintenance for the 21-day lockdown period, is promoting human welfare funding cross a number of fronts during the Covid-19 crisis. Firstly, South Deep, the Westonaria mine with a 70-year life, will... →
Gold Fields executive VP Martin Preece
Minister finds Covid-19 compliant mines but also laggards
By: Martin Creamer 6th April 2020 As calls go out for mining to resume on April 17 or face serious setback, Mineral Resources and Energy Minister Gwede Mantashe has found excellent Covid-19 compliance by some coal mines that have been allowed to stay open to supply coal to Eskom – but inadequate response to directives by others.... →
Mineral Resources and Energy Minister Gwede Mantashe
Barrick progressing towards modern miner goal
By: Simone Liedtke 6th April 2020 Following its merger with Randgold Resources, NYSE- and TSX-listed Barrick Gold has made progress towards its goal of being a modern mining business, according to executive chairperson John Thornton in the company’s information circular for 2020 published on April 6. The circular follows the... →
Alphamin expresses concern about a dwindling tin price
By: Marleny Arnoldi 3rd April 2020 JSE- and TSX-V-listed Alphamin Resources produced 2 119 t of contained tin in the quarter ended March 31. This was at the mid-point of its guidance range and compares with the 2 235 t of contained tin produced in the quarter ended December 31, 2019. →
DRD consulting with govt, labour to restart Far West Rand gold recoveries
By: Martin Creamer 3rd April 2020 Surface gold mining company DRDGold is considering re-starting operations at its Far West Gold Recoveries surface retreatment operation at Carletonville, south-west of Johannesburg, in consultation with government and organised labour. DRDGold CEO Niël Pretorius states on the company’s website... →
Niël Pretorius
Ivanhoe equips DRC mine with 10 ICU units as it speeds ahead with Kamoa-Kakula construction
By: Mariaan Webb 2nd April 2020 Canada-headquartered Ivanhoe Mines has unveiled “extraordinary” measures to continue construction of its large-scale Kamoa-Kakula copper project, in the Democratic Republic of Congo (DRC), amid the coronavirus crisis. The miner has locked down Kamoa-Kakula and all key personnel on site, with... →
Resgen expects financial close for Boikarabelo project later this quarter
By: Marleny Arnoldi 2nd April 2020 ASX- and JSE-listed Resource Generation (Resgen) was due to host a shareholders meeting in late March or early April to vote on approving its proposed mine funding package for the Boikarabelo coal project, in South Africa’s Limpopo province. Given the national lockdown declared in South Africa,... →
Covid-19 hits silver to a ten-year-plus low
By: Martin Creamer 2nd April 2020 The coronavirus pandemic has hit silver to a ten-year-plus low, according to the Refinitiv GFMS annual Silver Market Review 2019, which includes provisional supply and demand estimates for 2020. After rising to a five-month high by late February, the silver price experienced a calamitous fall in... →
AngloGold hands over two hospitals to authorities for Covid-19 patients
By: Martin Creamer 2nd April 2020 Gold mining company AngloGold Ashanti has embarked on a remarkable number of humanitarian initiatives to slow the spread of the coronavirus pandemic, including making two of its mining hospitals available to the provincial governments of North West and Gauteng for the exclusive use by them to... →
Standard Bank meeting all capital and liquidity requirements
By: Martin Creamer 1st April 2020 Capital and liquidity requirements across all the markets in which it operates are continuing to be met, Standard Bank Group FD Dr Arno Daehnke said during an investor call. Daehnke disclosed that the bank was benefitting from building up increased capital levels over the last few years in line... →
Mantashe finds coal mines in various states of readiness to deal with Covid-19
By: Marleny Arnoldi 1st April 2020 Mineral Resources and Energy Minister Gwede Mantashe on March 31 conducted unannounced visits to three coal mines, in Mpumalanga, which supply coal to State-owned power utility Eskom. These mines included Glencore’s Impunzi colliery, Exxaro Resources' Matla Coal colliery and Seriti’s Kriel... →
Mineral Resources and Energy Minister Gwede Mantashe
Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity
By: Martin Creamer 31st March 2020 The coronavirus pandemic has prompted global diversified mining and marketing company Glencore to defer its proposed $2.6-billion distribution of cash and reinforce its $10.1- billion liquidity through the refinancing and extension of revolving credit facilities on the same commercial terms as... →
Harmony Gold’s nine underground mines cease operations
By: Martin Creamer 31st March 2020 Mining has ceased at all of the nine underground gold mines of Harmony Gold but the Johannesburg- and New York-listed company’s surface retreatment operations and opencast mine will continue to function, collectively producing between 650 kg and 700 kg in the 21-day lockdown period in response to... →
Peter Steenkamp
Gold Fields places South Deep mine on care and maintenance
By: Martin Creamer 31st March 2020 Johannesburg- and New York-listed gold mining company Gold Fields has placed its South Deep gold mine in Gauteng on care-and-maintenance to coincide with South Africa’s lockdown until April 16. In publishing its integrated annual report for 2019 and a number of associated reports on its website,... →
Nick Holland
De Beers cancels third rough diamond sales cycle
By: Simone Liedtke 30th March 2020 Owing to public health restrictions on the movement of people and products in Botswana, South Africa and India, diamond miner De Beers will not hold its third rough diamond sales cycle of this year. As a result, De Beers is enabling sightholders to defer 100% of their Sight 3 allocations to later... →
Proudly South African hydrogen breakthrough with Shell’s backing
By: Martin Creamer 30th March 2020 At this time of huge coronavirus uncertainty, the chests of a group of engineers here must surely be bulging with pride following their major Proudly South African world breakthrough that could speed up the global deployment of hydrogen as a competitive universal and environmentally friendly... →
Hydrox Holdings membraneless electrolyser.
Anglo American cuts South African iron-ore, coal guidance
By: Donna Slater 27th March 2020 Diversified miner Anglo American is taking steps at its relevant operations in line with Covid-19-related regulations enforced in the various jurisdictions in which it operates around the world. It will also continue to provide a number of essential services, including security; mine... →
Glencore winds down most operations in line with Covid-19 restrictions
By: Donna Slater 27th March 2020 Diversified mining and marketing company Glencore, with operations internationally, is winding down most of its operations and putting them on temporary care and maintenance as lockdowns are enforced in various countries to slow the spread of Covid-19. The London- and Johannesburg-listed company... →
Official gold holdings head for 34 000 t as global risks heighten
By: Martin Creamer 26th March 2020 Central banks and supranational organisations, such as the International Monetary Fund and the Bank of International Settlements, currently hold nearly 34 000 t of gold as reserve assets, the World Gold Council reported on Thursday. The council puts the primary reason for recent gold buying down... →
Gold bars.
New gold futures contract launched – LBMA
By: Martin Creamer 26th March 2020 A new gold futures contract just launched has expanded delivery options, London Bullion Market Association (LBMA) said on Thursday. The membership of LBMA, a gold and silver trade association, is made up of banks, traders and logistics companies across the world, resulting in it being given... →
LBMA executive board director Sakhila Mirza.
Online bullion accounts, ETFs the way to go amid Covid-19 lockdowns
By: Marleny Arnoldi 26th March 2020 Now that supply of retail products is tightening amid Coronavirus contingency measures and lockdowns, investing in physical platinum without taking delivery of investment bars and coins is an accessible and cost-effective way of owning platinum, says the World Platinum Investment Council (WPIC).... →
Global mining majors putting bright new spotlight on green hydrogen
By: Martin Creamer 25th March 2020 Three years ago the Hydrogen Council catapulted hydrogen to the forefront as a source of energy for transport and industrial companies. Now mining majors are putting the spotlight on hydrogen once again with the launch of the Green Hydrogen Consortium, which Hatch marketing coordinator Alana... →
South African miners preparing for three-week lockdown
By: Simone Liedtke 24th March 2020 Various South African mining companies have pledged their support for President Cyril Ramaphosa’s Covid-19 directives and range of measures in respect of mitigating the impact of the pandemic on South Africa’s economy. The pledges follow the President’s address to the nation on Monday evening,... →
President Cyril Ramaphosa
Orion Minerals halts Prieska financing talks
By: Esmarie Iannucci 24th March 2020 Copper developer Orion Minerals on Tuesday said that it would postpone debt financing activities for the development of its Prieska copper project, in South Africa, until global macro-economic and market conditions stabilise. The ASX- and JSE-listed Orion has told shareholders that the company... →
Rio cuts back South African and Canadian operations
By: Esmarie Iannucci 24th March 2020 Major Rio Tinto on Tuesday announced that it would slow down some of its operations in South Africa and Canada as part of efforts to slow the spread of COVID-19. At Richards Bay Minerals, in South Africa, the miner will curtail production in compliance with a directive from the South African... →
Sibanye warns of lower activity from Blitz mine
By: Marleny Arnoldi 23rd March 2020 To further proactively manage the Covid-19 threat at NYSE- and JSE-listed Sibanye-Stillwater’s platinum group metal operations in the US, the company has decided to reduce the number of people working at some of its sites. The company will take specific actions including demobilising contractors... →
If we don’t take climate change seriously, God help us – Mxolisi Mgojo 
By: Martin Creamer 23rd March 2020 Coal mining company Exxaro Resources, which acknowledges coal’s negative impact on climate in a 20-page publication just released, expresses the view that a just transition to a low-carbon future should inform global climate action. “If we don’t take climate change issues very, very seriously,... →
Endeavour, Semafo merge to form West Africa’s largest gold miner
By: Marleny Arnoldi 23rd March 2020 TSX-listed miners Endeavour Mining and Semafo have entered into a definitive agreement whereby Endeavour will acquire all of the issued and outstanding shares of Semafo for about C$1-billion. The transaction will create a top 15 global gold producer and the largest in West Africa, with six... →
Gold pares weekly losses after weaker dollar brings relief
By: Bloomberg 20th March 2020 Bullion got a reprieve Friday as the dollar halted its rally, although the metal remains poised for a back-to-back weekly loss. Gold headed for its biggest daily gain since March 3 and silver earlier jumped the most since 2014. Precious metals are rebounding after days of relentless selling by... →
Buy gold 'right here and now', top wealth manager says
By: Bloomberg 20th March 2020 Now’s the time to buy gold, according to one of the world’s leading wealth managers, which flagged bullion’s prospects after the haven lost out to the dollar in recent weeks as the pandemic roils markets. “When I think about what would I buy in the right here and now, I would be buying gold,”... →
Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19
By: Marleny Arnoldi 20th March 2020 Global diversified miner Anglo American has announced the measures that it is taking in light of the Covid-19 outbreak across its mining and corporate operations. CE Mark Cutifani says the measures are often tailored to the specific nature and location of a particular site to protect the... →
Amplats reviewing capital plans to provide for at least R650m in plant repairs
By: Marleny Arnoldi 19th March 2020 JSE-listed Anglo American Platinum (Amplats) on Thursday confirmed that repairs to its subsidiary Rustenburg Platinum Mines’ converter plant were progressing on schedule for completion by May 25. The company also said it did not foresee that any contracts would be terminated as a result of the... →
Question marks over protracted re-entry of trimetal PGM catalysis
By: Martin Creamer 19th March 2020 Trimetal catalysts, which use three platinum group metals (PGMs) rather than two and thereby balance PGM demand, have a multi-decade history of curbing gasoline vehicle emission, which poses question marks over why their re-adoption should be so protracted. New York-based CPM Group MD Jeffrey... →
CPM Group MD Jeffrey Christian
Kropz’s alternative processing method confirmed
By: Natasha Odendaal 19th March 2020 Investment fund African Rainbow Capital (ARC) on Thursday said an alternative processing method for Aim-listed emerging phosphate producer Kropz’s Elandsfontein project, in the Western Cape, has been confirmed to produce saleable concentrate. The advanced-stage phosphate mining project has faced... →
Minerals Council commits to protecting employees, industry as Covid-19 spreads
By: Marleny Arnoldi 18th March 2020 Minerals Council South Africa CEO Roger Baxter on Wednesday said the mining industry’s preparedness plans for dealing with the impact of Covid-19 were “very far advanced”. Following a meeting on Tuesday by the council’s board and Mineral Resources and Energy Minister Gwede Mantashe, to discuss... →
Minerals Council South Africa CEO Roger Baxter
Miners join forces on hydrogen to decarbonise operations
By: Esmarie Iannucci 18th March 2020 Mining majors BHP, Fortescue Anglo American and consulting engineering group Hatch have formed a Green Hydrogen Consortium to jointly accelerate decarbonisation within their global operations. The goal of the consortium is to identify opportunities to develop green hydrogen technologies for the... →
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