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Audio Articles

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
Photo by Creamer Media
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
Photo by Bloomberg
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.
Photo by Creamer Media Chief Photographer Dylan Slater
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... 

Wescoal CEO Reginald Demana
Wescoal CEO Reginald Demana

Far West project boosts DRDGold's quarterly output by 15%  

By: Marleny Arnoldi     7th May 2019 Surface gold recovery company DRDGold produced 41 120 oz of gold in the quarter ended March 31 – a 15% increase compared with the 35 732 oz produced in the quarter ended March 2018. The gold producer on Tuesday attributed the higher production mainly to the Far West Gold Recoveries project’s... 

DRDGold CEO Niël Pretorius
Photo by Creamer Media
DRDGold CEO Niël Pretorius

Trevali reports solid first quarter results 

By: Simone Liedtke     6th May 2019 TSX-listed Trevali Mining Corporation started the new year off with strong results, which positions the company well to meet its operating targets and take advantage of the currently strong zinc price, newly-appointed president and CEO Ricus Grimbeek said on Monday. While zinc concentrate... 

Trevali Mining's Santander mine, in Peru
Trevali Mining's Santander mine, in Peru

Hwange Colliery sees signs of hope despite widened 2018 loss 

By: Simone Liedtke     6th May 2019 Despite achieving higher production and sales volumes for the year ended December 31, 2018, Zimbabwe-based Hwange Colliery’s financial performance worsened, with the miner’s loss for the year having widened by 79% to $78.4-million, from a loss of $43.8-million in 2017. The bigger loss was mainly... 

ANC wants banks to be forced to fund South African coal mines  

By: Bloomberg     6th May 2019 South Africa’s banks should be forced to invest in new coal mines in the country, the ruling African National Congress’s head of economic transformation said. Nedbank Group and Standard Bank Group have said “they are not going to put money in coal any more,” Enoch Godongwana said in an interview... 

ANC wants banks to be forced to fund South African coal mines

Miners in Congo face subcontracting limits under new rules 

By: Bloomberg     3rd May 2019 Companies in the Democratic Republic of Congo will have to ensure subcontractors they hire are domestically owned under rules being implemented by the government. The requirement adds to the raft of new measures mining companies have had to contend with over the past year, after the state in... 

Miners in Congo face subcontracting limits under new rules

Operations resume at Sibanye’s Thembelani shaft 

By: Marleny Arnoldi     3rd May 2019 JSE- and NYSE-listed Sibanye-Stillwater has resumed underground operations at its Thembelani shaft, in Rustenburg, following an incident that resulted in 1 800 workers being held underground on Tuesday. The shaft has now been certified safe for normal hoisting operations.  

Sibanye-Stillwater CEO Neal Froneman
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Platinum seen contributing as much to South Africa's economy as gold did in the 20th century 

By: Natasha Odendaal     3rd May 2019 With the too-high economic cost of a lost opportunity looming, immediate measures are required to assist the platinum group metals mining sector to improve its viability and preserve employment. This is the intent behind the industry’s new South African National Platinum Strategy, with its most... 

Platinum seen contributing as much to South Africa's economy as gold did in the 20th century

First-quarter gold demand lifted by central banks, ETFs 

By: Simone Liedtke     2nd May 2019 Continued growth in central bank buying and growth in gold-backed exchange-traded funds contributed to a 7% year-on-year increase in global gold demand to 1 053.3 t for the first quarter of this year, the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ (GDT) report shows. Gold demand... 

First-quarter gold demand lifted by central banks, ETFs

Anglo American a ‘fundamentally different’ business  

By: Natasha Odendaal     2nd May 2019 As dual-listed Anglo American looks back on what has been described as another “very successful year”, the mining giant can look back on what is a significantly contrasting position less than a decade ago. Since 2012, Anglo American has shifted from a 30% mining margin to a 42% mining margin by... 

Mark Cutifani
Photo by Bloomberg
Mark Cutifani

Transnet promises to fill executive vacancies as Mahomedy is appointed new acting CEO 

By: Terence Creamer     2nd May 2019 State-owned freight logistics group Transnet has appointed Mohammed Mahomedy as acting group CEO after its board decided not to extend the six-month contract of the Tau Morwe, beyond Friday, May 3. Mahomedy, who has worked with Transnet for more than 12 years, has been acting CFO for the past 12... 

New acting Transnet CEO Mohammed Mahomedy
Photo by Creamer Media's Dylan Slater
New acting Transnet CEO Mohammed Mahomedy

Glencore lowers full-year copper output guidance  

By: Tasneem Bulbulia     30th April 2019 Diversified miner Glencore has lowered its full-year production guidance for copper to 1.46-million tonnes, compared with the previously guided 1.54-million tonnes. The group, led by CEO Ivan Glasenberg, on Tuesday reported that its own sourced copper production for the first quarter of this year... 

Ivan Glasenberg
Photo by Creamer Media
Ivan Glasenberg

Mantashe to officially hand over 50% shareholding of Arnot mine to former Exxaro employees 

By: Tasneem Bulbulia     30th April 2019 Mineral Resources Minister Gwede Mantashe will on Wednesday officially hand over a 50% shareholding held by mining company Exxaro in the Arnot coal mine, in Middleburg, Mpumalanga, to former Arnot Coal employees. In a statement on Tuesday, the Department of Mineral Resources highlighted the... 

Mining must both prepare for the 4th Industrial Revolution and also transform – Mantashe 

By: Rebecca Campbell     30th April 2019 Mineral Resources Minister Gwede Mantashe has warned that the South African mining industry must carry out skills development to prepare itself and its employees for the Fourth Industrial Revolution (4IR). Automated mining activities were no longer scarce, he pointed out; the 4IR was coming. He... 

Minerals Resources Minister Gwede Mantashe
Photo by Dylan Slater/Creamer Media
Minerals Resources Minister Gwede Mantashe

Zimplats reports 2% increase in third-quarter mined ore 

By: Simone Liedtke     29th April 2019 Improved fleet productivity resulted in a 2% quarter-on-quarter increase in ore mined by platinum group metals miner Zimplats in its third fiscal quarter, ended March 31. Tonnes milled, however, decreased by 2%, in line with a 2% decrease in the number of operating days from 92 days in the... 

Sylvania delivers ‘significantly better’ third quarter, despite challenges 

By: Simone Liedtke     29th April 2019 After a challenging second fiscal quarter, Aim-listed Sylvania Platinum’s Sylvania Dump Operations performed “significantly better” and delivered 16 256 oz of platinum group metals (PGMs) – a 9% quarter-on-quarter increase – in the quarter ended March 31. The increased production was owing to a... 

Diamond trading goes online as Lucara takes on industry goliaths  

By: Bloomberg     29th April 2019 he opaque diamond trade may be ripe for disruption. Lucara Diamond, which recently found the second-largest diamond in history in Botswana, is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions. The service allows Lucara... 

Diamond trading goes online as Lucara takes on industry goliaths

Threat of deregistration motivated by State captured by white monopoly capital, says AMCU 

By: Nadine James     26th April 2019 The Department of Labour (DoL) registrar’s intention to deregister the Association of Mineworkers and Construction Union (AMCU) for failing to hold a congress within the five-year period stipulated by its constitution is politically motivated by a State that has been captured by white monopoly... 

Implats maintains 2019 guidance despite challenging third quarter 

By: Simone Liedtke     26th April 2019 Against a backdrop of challenges in the third quarter, ended March 31, for platinum miner Impala Platinum, the miner has maintained its market guidance for the full-year. The full‐year refined production for Implats is estimated at between 1.5-million and 1.6-million platinum ounces and, given... 

Challenges persist, but mining sector has made huge strides since 1994 

By: Nadine James     26th April 2019 The local mining landscape has changed significantly in the quarter century following Nelson Mandela’s inauguration as the first democratically elected President of South Africa. 

Challenges persist, but mining sector has made huge strides since 1994

Ivanhoe to fast-track Southern Africa mines as Citic invests another C$612m 

By: Mariaan Webb     26th April 2019 Canada-based Ivanhoe Mines will fast-track production at its southern African projects, after Chinese shareholder Citic Metal invested another C$612-million, pushing the company’s cash position to C$1.3-billion – about double what it needs to finance its share of the construction costs for the... 

Ivanhoe Mines CEO Robert Friedland
Photo by Creamer Media
Ivanhoe Mines CEO Robert Friedland

Sibanye increases offer for Lonmin 

By: Nadine James     25th April 2019 Dual-listed Sibanye-Stillwater and platinum miner Lonmin on Thursday announced that their boards have reached an agreement on the terms of an increased recommended all-share offer for Lonmin’s entire share capital. The boards believe the higher offer reflects the recent recovery in the platinum... 

Jewellery gives platinum biggest bang for marketing buck by far  

By: Martin Creamer     25th April 2019 Marketing investment in the jewellery sector provides platinum with its biggest, best and quickest return by a long shot, with platinum jewellery accounting for 30% of overall platinum demand and at least half of that demand coming from China. Marketing spend on physical platinum investment... 

Anglo American Platinum CEO Chris Griffith (right) interviewed by Mining Weekly Online's Martin Creamer
Photo by Creamer Media Chief Photographer Dylan Slater
Anglo American Platinum CEO Chris Griffith (right) interviewed by Mining Weekly Online's Martin Creamer

Gold Fields says will reach two-million-ounce production mark this year 

By: Marleny Arnoldi     25th April 2019 JSE-listed Gold Fields expects to reach its two-million-ounce milestone for the first time this year, as its Damang project, in Ghana, increases production, as the Gruyere project, in Australia, enters production and the Asanko joint venture, in Ghana, contributes for the full year. CEO Nick... 

Gold Fields CEO Nick Holland
Photo by Creamer Media
Gold Fields CEO Nick Holland

ICMM to establish mine tailings storage facilities standard 

By: Schalk Burger     24th April 2019 International mining organisation, the International Council of Mining and Metals (ICMM) will conduct an independent review of mine tailings storage facilities to establish an international standard for the safe management of tailings storage facilities that can be applied to all tailings dams... 

South African government says it intends to deregister AMCU 

By: Reuters     24th April 2019 The South African government intends to cancel the registration of the Association of Mineworkers and Construction Union (AMCU) for not operating according to the Labour Relations Act, a notice in the government gazette said on Wednesday. AMCU, one of the largest trade unions in South Africa's... 

Vanggatfontein coal deliveries to Eskom interrupted as striking miners dismissed 

By: Simone Liedtke     24th April 2019 Production at Wescoal’s Vanggatfontein mine, in Mpumalanga, will be suspended for six to eight weeks after the mining contractor dismissed its 274 employees at the mine following unlawful industrial action – that turned violent – earlier this month. The mining contractor and Wescoal have, on... 

Vanggatfontein coal deliveries to Eskom interrupted as striking miners dismissed

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... 

Global Witness welcomes LME’s new responsible sourcing rules

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... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

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
Photo by Bloomberg
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.
Photo by Creamer Media Chief Photographer Dylan Slater
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.
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