- Home
- Latest News
- Sector News
- World News
- Magazine
- Video Reports
- Audio
- Research
- Press Office
- Electra Mining
- Announcements
- Topics
- What's On
- Jobs
- Tenders
- Mining Indaba
- Apps
- Suppliers Directory
- About Us
- Legal Notice
- Comment Guidelines
- Marketing Videos
Audio Articles
Bank says Lonmin investors should reject Sibanye offer 
By: Bloomberg 24th May 2019 Africa’s biggest bank said Lonmin investors should reject Sibanye-Stillwater's takeover offer as it undervalues the platinum miner’s assets by as much as R6.64-billion. While Sibanye’s offer equates to R11.60 a share, Lonmin’s value at current metal prices is 45% higher, Leroy Mnguni, an analyst... →
B2Gold dismisses reports of Zim gold mine acquisition
By: Marleny Arnoldi 24th May 2019 Canadian miner B2Gold CEO Clive Johnson has dismissed reports about the company acquiring a gold mine in Zimbabwe, stating on Friday that the company was “not pursuing material developments or production mergers or acquisitions”. He reiterated B2Gold’s long-term growth strategy. “In addition to... →
Mining Charter III provisions seen by some as too onerous for junior miners
By: Nadine James 24th May 2019 There should be a new regulatory regime for juniors – one that adheres to the spirit of Mining Charter 3, but which introduces reasonable and achievable transformation and procurement targets relative to the size and financial constraints of junior and emerging miners, says Eversheds Sutherland... →
NPA starts prosecution of Aurora directors
By: Marleny Arnoldi 23rd May 2019 Organisation Undoing Tax Abuse (Outa) on Thursday announced that the National Prosecuting Authority (NPA) would start its prosecution of the former directors of Aurora Empowerment Systems on May 28. A summons had been issued in March related to environmental and water transgressions at the... →
Use remote machinery to mine at depth – Jourdan
By: Martin Creamer 23rd May 2019 Independent consultant Dr Paul Jourdan on Thursday called on South Africa to cease sending people down dangerous deep-level mines and introduce remote machinery to mine at depth. He was speaking at the Southern African Mining Supply Chain Conference and Strategy Workshop, which was hosted by the... →
Dr Paul Jourdan at the SA Mining Supply Chain Conference.
PIC goes to London for Lonmin decision
By: Bloomberg 23rd May 2019 South Africa's Public Investment Corporation (PIC) faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner. When Lonmin shareholder votes are tallied next Tuesday at a meeting... →
Minerals Council welcomes safety improvements, but warns of continuing policy concerns
By: Nadine James 22nd May 2019 The Minerals Council South Africa will, later this year, launch a new health and safety initiative called Khumbela iKhaya, council chaiperson Mxolisi Mgojo revealed on Wednesday. Addressing the council's annual general meeting, he noted that appreciable improvements in the health and safety... →
Minerals Council chairperson Mxolisi Mgojo
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... →
Minerals Council CEO Roger Baxter
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... →
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... →
BBBEE Commission says most broad-based schemes failing ‘ownership test’
By: Terence Creamer 21st May 2019 The regulatory body overseeing the implementation of South Africa’s broad-based black economic empowerment (BBBEE) legislation has dismissed suggestions that changes have been made to the rules governing the treatment of trusts and other broad-based structures under the ownership element of the... →
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... →
Sibanye keeps option to increase Lonmin offer against rival bid
By: Bloomberg 20th May 2019 Sibanye Gold reiterated that its increased offer for Lonmin Plc is final, but kept its option open to sweeten the deal for the platinum producer should a rival bid emerge. While its current offer “is final and will not be increased", the company “reserves the right to set aside the no increase... →
Buoyed by mining recovery, Barloworld looks to Mongolia for growth
By: Irma Venter 20th May 2019 Barloworld’s results on Monday reflected some of the biggest trends in the South African economy, with the company reporting a sharp drop in equipment sales to the troubled construction industry, as well as a decline in new-vehicle sales and car rental days, but with the mining industry seemingly... →
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... →
Amplats dismisses half of Mototolo’s underground employees amid unprotected strike
By: Simone Liedtke 20th May 2019 Platinum miner Anglo American Platinum, headed by Chris Griffith, has dismissed half of the Mototolo mine’s underground employees amid an unprotected strike, but has given the dismissed employees until May 21 to appeal the decision. Employees at the mine affiliated with the General Industrial... →
Amplats CE Chris Griffith
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... →
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 CEO Neal Froneman and Lonmin CEO Ben Magara
Tailings operations contribute to more than 50% increase in Pan African’s output
By: Marleny Arnoldi 17th May 2019 Aim- and JSE-listed Pan African Resources has reported solid gold production from its Elikhulu project for the nine months ended March 31, making up for its Evander project’s lossmaking underground operations. Gold production from the company’s continuing operations increased to 123 771 oz, a... →
Pan African Resources CEO Cobus Loots
$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... →
Debmarine Namibia to invest $468m in its seventh diamond recovery vessel
By: Simone Liedtke 16th May 2019 Debmarine Namibia, a joint venture between diamond miner De Beers and the Namibian government, has approved the construction of a new custom-built diamond recovery vessel, which will become the seventh such vessel in Debmarine’s fleet. The vessel, which will be built at a cost of $468-million,... →
Northam Platinum plans to buy back preference shares
By: Reuters 15th May 2019 Northam Platinum plans to buy back about 15-million preference shares out of 159-million currently in issue in the financial year ending June 2020, its chief executive said on Wednesday. The miner, one of the top platinum producers globally, wants to reward shareholders following a boost to... →
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 Minerals CEO Phoevos Pouroulis.
Zimbabwe platinum mines to ride out power cuts, gold output less secure
By: Reuters 15th May 2019 Power imports are cushioning platinum mining companies against Zimbabwe's worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid, industry officials said. State utility ZETDC this week started indefinite rolling power cuts... →
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... →
President's correct, S Africans need to act together to realise economic opportunities – Baissac 
By: Martin Creamer 14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... →
Global energy investment out of step with security of supply, climate needs
By: Terence Creamer 14th May 2019 A new report on global energy investment in 2018 points to an ongoing misalignment between approved expenditure on new fuel and power projects and meeting the twin goals security of supply and decarbonisation. The International Energy Agency’s (IEA’s) ‘World Energy Investment 2019’ report,... →
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 market set to move into deficit this year – Johnson Matthey
By: Marleny Arnoldi 13th May 2019 The platinum market is expected to move into deficit this year, with a resurgence in investor activity to outweigh modest falls in industrial and jewellery demand, says Johnson Matthey in its latest platinum group metals market report. The science multinational company expects a tentative... →
First-quarter platinum demand up 32% on surge in ETF holdings
By: Nadine James 13th May 2019 Platinum demand increased by 32% year-on-year to 2.56-million ounces in the first quarter of this year, following a surge in investment demand, the World Platinum Investment Council noted in its latest ‘Platinum Quarterly’ report, released on Monday. Investment demand was high enough to offset... →
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... →
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 seen as a perfect job-saving fit.
Eskom task team mulling new debt-relief options as it comes to terms with depth of crisis
By: Terence Creamer 10th May 2019 The Eskom Sustainability Task Team – which has already had its proposal for the unbundling of the utility into three separate units accepted by government – is now finalising an updated report for President Cyril Ramaphosa which will include a financial recovery plan for the State-owned entity.... →
Acacia hits back at parent Barrick in Tanzania row
By: Reuters 10th May 2019 Acacia Mining on Thursday hit back at parent company Barrick Gold's allegation the miner was an obstacle to solving a long-running tax row in Tanzania. Barrick CEO Mark Bristow said in a results presentation on Wednesday that Acacia was not cooperating, prompting Acacia to demand clarification... →
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 president and CEO Dr Mark Bristow
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 Ashanti CEO Kelvin Dushnisky
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... →
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.
Wescoal focuses on production restoration, increasing output amid challenging environment
By: Simone Liedtke 7th May 2019 JSE-listed mining group Wescoal, headed up by CEO Reginald Demana, has said its focus, moving forward, will be on restoring production and increasing output from existing operations, while also focusing on cost containment and operational business partner risks. The overall economic climate... →
Latest News
Resources Watch
Second Take
At the Coalface
Topics In These Articles
