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Sitatunga starts project implementation activity at East Managanese 
By: Marleny Arnoldi 15th March 2019 Exploration and mining development company Sitatunga Resources will start building its first manganese mine, in the Northern Cape, this year, following receipt of the last regulatory authorisations. The Department of Mineral Resources (DMR) on February 22 granted environmental authorisation for... →
East Manganese project approval granted.
Amplats donates 270 ha of land to support land reform
By: Nadine James 15th March 2019 Anglo American Platinum (Amplats) on Friday handed over 270 ha of land, worth about R26-million, to the Rustenburg local municipality and the Rustenburg Alchemy Development Trust to support sustainable land reform and transformation. Parent company Anglo American said the donation, which followed... →
Amplats CEO Chris Griffith and Rustenburg Alchemy Development Trust chairperson Nthabiseng Matsobane
South African court blocks AMCU's plans for industry-wide strike
By: Reuters 15th March 2019 The labour court has rejected a request by platinum and gold sector union, the Association of Mineworkers and Construction (AMCU), to hold an industry-wide strike, Anglogold Ashanti, Anglo American Platinum (Amplats) and Lonmin said on Friday. AMCU has been on strike at Sibanye-Stillwater's gold... →
Phase 1 of MC Mining’s Makhado project approved
By: Simone Liedtke 14th March 2019 ASX-, Aim- and JSE-listed MC Mining’s directors have approved the phased development of the company’s flagship Makhado coking coal project, which will result in the start of mining operations on the west pit. Construction of Phase 1 is set to start in the third quarter of this year. →
'Historic’ Arnot transaction realises aspirations of Mining Charter 3 – Mgojo
By: Nadine James 14th March 2019 Diversified miner Exarro Resources has facilitated a transaction that enables former employees of Exxaro Coal Mpumalanga (ECM) to participate in 50:50 joint venture that is set to acquire the assets and liabilities of the Arnot coal mine, in Mpumalanga. On February 22, Exxaro signed a transfer... →
MXOLISI MGOJO
Exxaro delivers record coal output, sales; ups total dividend 
By: Nadine James 14th March 2019 Empowered diversified miner Exxaro Resources achieved a robust financial performance for the year ended December 31, 2018. The company reported record coal production, sales and exports, while its revenue increased by 12% year-on-year to R25.5-billion. Its earnings before interest, taxes,... →
2018 a year of ‘transformational’ growth, says B2Gold
By: Simone Liedtke 13th March 2019 For dual-listed B2Gold, 2018 was a year of “transformational” growth, which was highlighted by the first full year of commercial production from its new large and low-cost Fekola mine, in Mali, and record yearly production from its Masbate mine, in the Philippines. The year also marked the gold... →
Gem Diamonds posts surge in earnings, record production for 2018
By: Natasha Odendaal 13th March 2019 LSE-listed Gem Diamonds on Wednesday posted a significant surge in earnings as it delivered record diamond recoveries for the year ended December 31, 2018. The diamond miner reported a profit for the year of $46.6-million, compared with the $20.8-million achieved, before exceptional items, in... →
Kenmare delivers record shipment volumes for third consecutive year
By: Nadine James 13th March 2019 Mozambique-focused titanium minerals producer Kenmare Resources on Wednesday announced “strong” preliminary results for the 2018 financial year. Its flagship operation, the Moma mine, in northern Mozambique, is a tier-one asset with a resource life of over 100 years at planned production levels,... →
Mining Charter provides certainty, but elements of concern remain – Leon
By: Tasneem Bulbulia 12th March 2019 The Broad-Based Socio-Economic Empowerment Charter for the Mining and Minerals Industry 2018, better known as Mining Charter 3, came into force on Friday, March 1 – almost three years after the publication of the first draft. This brought to a close more than nearly three years of uncertainty and... →
AMCU denies personal vendetta with Sibanye CEO
By: Creamer Media Reporter 12th March 2019 The Association of Mineworkers and Construction Union (AMCU) on Tuesday said it denied that the strike action at precious metals miner Sibanye-Stillwater's gold operations has become a personal vendetta between AMCU president Joseph Mathunjwa and Sibanye CEO Neal Froneman. In its statement,... →
Barrick and Newmont end hostility with Nevada JV agreement
By: Simone Liedtke 11th March 2019 Canadian gold major Barrick Gold has ended its hostile takeover offer of US miner Newmont Mining and instead agreed to create a joint venture (JV) combining their respective mining operations, assets, reserves in Nevada. The two gold miners have been operating independently in Nevada for... →
Merafe declares record dividend on lower profit, higher output
By: Martin Creamer 11th March 2019 Chrome and ferrochrome company Merafe, which on Monday reported lower profit on higher production, has declared a record dividend that represents a distribution of 51% of headline earnings. The ungeared company had net year-end cash of R281-million and the R200-million unsecured, three-year... →
Merafe CEO Zanele Matlala
Bauba’s new chrome wash plant reaches targeted throughput level
By: Tasneem Bulbulia 11th March 2019 Platinum and chrome explorer and producer Bauba Platinum’s new wash plant at the Moeijelijk chrome mine, in Limpopo, is producing at its planned throughput levels, boding well for the company to improve its profit margins, the JSE-listed firm reported on Friday, as it reported a half-year loss.... →
Bauba CEO Nick van der Hoven
Acacia designing new TSF at North Mara to prevent spillage into environment
By: Simone Liedtke 8th March 2019 Gold miner Acacia Mining on Friday assured its shareholders that it was working on a solution to prevent any seepage from its tailing storage facility (TSF) at the North Mara mine, in Tanzania. The government of Tanzania had also directed the mine to resolve a spillage of water at its polishing... →
Tanzania orders cleanup at Acacia gold mine, threatens closure
By: Reuters 8th March 2019 Tanzania has given Acacia Mining up to March 30 to stop waste water pollution at North Mara gold mine or face a shutdown, its mining minister said. Doto Biteko, said he had issued the deadline to stop what he said was seepage of contaminated water from a mining waste storage dam to surrounding... →
Multibillion-dollar Zim PGMs project making progress
By: Natasha Odendaal 8th March 2019 In the heart of the Great Dyke of Zimbabwe, within the world’s second-largest known platinum group metals (PGMs) deposits, exploration has started on the 23 903 ha mining area of the Karo platinum project. One year after Cyprus-based Karo Mining signed the $4.2-billion deal to develop the latest... →
Negotiations to acquire Universal ongoing – Wescoal
By: Tasneem Bulbulia 7th March 2019 JSE-listed Wescoal on Thursday said negotiations regarding a potential buyout of Universal Coal by a consortium that Wescoal is a part of, were ongoing. “Negotiations regarding the conclusion of detailed transaction agreements are still in progress,” it said in a statement. →
Jogmec finalises 9.75% Waterberg project stake sale to Hanwa
By: Marleny Arnoldi 7th March 2019 TSX- and NYSE-listed Platinum Group Metals (PTM) on Thursday reported that Japan Oil, Gas and Metals National Corporation (Jogmec) has completed the transfer of a 9.75% interest in the Waterberg palladium project, in South Africa, to Hanwa. Jogmec previously held a 21.95% interest in the... →
Upper ore breakthrough boosts Implats’ Zimbabwe resource base
By: Martin Creamer 7th March 2019 The development of an effective method of mining upper ores, which have in the past been excluded from stoping plans, has increased the resource base of the Bimha and Mupani platinum group metals (PGMs) mines in Zimbabwe, Impala Platinum (Implats) CEO Nico Muller has disclosed. In response to... →
RBPlat reopens UG2 shaft, creates UG2 access points at Styldrift
By: Martin Creamer 6th March 2019 Flexibility is a re-emphasised aspect of platinum group metals (PGMs) mining strategy. Changed demand has resulted in the need to twist and turn quickly to benefit from the rise in prices of metals in the PGM basket. Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri made special mention of... →
Platinum market to remain in surplus despite expected rise in demand – WPIC
By: Nadine James 6th March 2019 Global platinum demand is expected to increase by 5% to 7.7-million ounces this year, owing to a significant increase in investment demand, which should offset weaker demand in the automotive, jewellery and industrial segments, the World Platinum Investment Council (WPIC) said on Wednesday. In... →
RBPlat studying solar energy, upgrading slimes dams
By: Martin Creamer 5th March 2019 Black-owned and black-managed mining company Royal Bafokeng Platinum (RBPlat) is investigating the use of renewable energy sources and investing in the upgrading of its tailings storage facilities. The company said in reply to Mining Weekly Online during question time at Tuesday’s presentation of... →
RBPlat highlights encouraging new govt approach to mining
By: Martin Creamer 5th March 2019 South Africa’s only community owned mining group, Royal Bafokeng Platinum (RBPlat), on Tuesday highlighted the positive contribution being made to the local mining industry by President Cyril Ramaphosa and Mineral Resources Minister Gwede Mantashe and pledged to do its bit towards conquering... →
Royal Bafokeng Platinum secures R1bn building block
By: Martin Creamer 5th March 2019 Black-owned and black-managed platinum group metals mining company Royal Bafokeng Platinum (RBPlat) on Tuesday announced a capital raise of R1 029-million through a rights offer that represents the key final building block to secure the company's path to 500 000 oz of platinum group element (4E)... →
Newmont rejects Barrick offer, says it will ‘reduce not enhance’ stockholder value
By: Marleny Arnoldi 4th March 2019 NYSE-listed Newmont Mining Corporation’s board of directors has unanimously determined that NYSE- and TSX-listed Barrick Gold Corporation made an unsolicited, all-stock negative premium proposal to acquire Newmont, which was not in the best interest of shareholders. The Newmont board undertook... →
Newmont CEO Gary Goldberg
Anglo American Sefa Mining Fund to become an Orion shareholder
By: Simone Liedtke 4th March 2019 The Anglo American Sefa Mining Fund (AASMF) will become a shareholder of ASX- and JSE-listed Orion Minerals. This follows after the parties agreed to restructure Orion subsidiary Repli Trading, with Orion to issue shares to AASMF in consideration of preference shares held by the fund in Repli,... →
Congo President supports predecessor's mining policies
By: Bloomberg 4th March 2019 The Democratic Republic of Congo’s new President appeared to offer support to his predecessor’s defining mining policies, which are opposed by international investors active in the country. “We will clean up the business climate through the popularization of the new mining code and the conclusion... →
Mine fatalities decrease by 10% in 2018
By: Simone Liedtke 1st March 2019 Following the notable regression of mine health and safety in 2017, which resulted in the death of 90 mineworkers, the Department of Mineral Resources (DMR) chief inspector David Msiza on Friday said there were 10% fewer fatalities – 81 – in 2018. As health and safety is integral to the long-term... →
Department of Mineral Resources (DMR) chief inspector David Msiza
Gazetting of platinum group metals zone expected by May – Implats
By: Martin Creamer 1st March 2019 The gazetting of the area dedicated to platinum-using fuel cell development in the Springs area is expected to be complete by May this year, Impala Platinum (Implats) group executive refining and marketing Sifiso Sibiya said this week. Responding to Mining Weekly Online during the Implats media... →
ARM’s H1 headline earnings up 13% y/y
By: Marleny Arnoldi 1st March 2019 Diversified miner African Rainbow Minerals (ARM) achieved a 13% increase in headline earning to R2.2-billion for the six months ended December 31, 2018, compared with R1.9-billion in the six months ended December 31, 2017. The company, which is led by chairperson Patrice Motsepe and CEO Mike... →
ARM chairperson Patrice Motsepe
Gamsberg ‘a breath of fresh air’ in embattled South African mining industry – Ramaphosa
By: Simone Liedtke 28th February 2019 President Cyril Ramaphosa on Thursday presided over the official inauguration of Vedanta Zinc International’s (VZI’s) Gamsberg mine, near Aggeneys, in the Northern Cape. The mine, which boasts one of the largest known and undeveloped zinc orebodies in the world, will contribute more than... →
Northern Cape Premier Sylvia Lucas, President Cyril Ramaphosa, Vedanta Resources chairperson Anil Agarwal, VZI CEO Deshnee Naidoo and Mineral Resources Minister Gwede Mantashe
Merger with Newmont will unlock $7bn-plus – Barrick
By: Martin Creamer 28th February 2019 Shareholders will lose more than $750-million a year for every year that the merger with Newmont is delayed, Barrick said on Thursday. Barrick calculates that there is potential to unlock more than $5-billion of real synergies from the Nevada mines alone and $7-billion-plus overall. It contends... →
Barrick president and CEO Dr Mark Bristow
Implats pumps cash, slashes debt in laudable turnaround
By: Martin Creamer 28th February 2019 A higher platinum group metals (PGMs) rand basket price boosted by increases in palladium, rhodium and nickel resulted in an laudable operational and financial turnaround by Impala Platinum (Implats) in the six months to end December, when earnings before interest tax depreciation and... →
Implats CEO Nico Muller
Freight rates drop as more ships become available – Assore
By: Martin Creamer 27th February 2019 Freight rates have dropped quite substantially since the iron-ore tailings dam tragedy in Brazil ,with more vessels becoming available, Assore CEO Charles Walters reports. Since the Brumadinho dam disaster, some 30-million tonnes of iron-ore supply have been withdrawn from the market. →
Assore CEO Charles Walters
World's biggest platinum miners ask court to block strike
By: Bloomberg 27th February 2019 South African platinum producers, the world’s biggest miners of the metal, have asked a court to block a planned strike by one of the country’s largest mining unions that the companies say would further hurt the struggling industry. Anglo American Platinum, the world’s top platinum-group metals... →
Miners commit to create global standard for tailings dams
By: Mariaan Webb 26th February 2019 Following the recent deadly tailings dam disaster in Brazil, global mining companies have committed to develop an international standard for tailings facilities. The International Council on Mining and Metals (ICMM), which represents 27 of the world’s largest mining and metals companies, on... →
Assore earnings up, dividend maintained
By: Martin Creamer 26th February 2019 Mining and marketing company Assore on Tuesday reported 20% higher headline earnings to R2.92-billion in the six months to December 31, buoyed by an improved price basket and weaker exchange rate. Assore's jointly controlled Assmang recorded headline earnings of R4.29-billion, an increase of 23%... →
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