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Audio Articles

Khoemacau secures $565m funding package for Botswana project’s development 

By: Marleny Arnoldi     26th February 2019 Khoemacau Copper Mining has made progress towards starting the construction of its Khoemacau copper/silver project, in Botswana, and expects first copper concentrate to be produced in the first half of 2021. The company has signed, together with its parent company Cupric Canyon Capital, a... 

Paladin approves restart PFS in Namibia  

By: Esmarie Iannucci     26th February 2019 The board of ASX-listed Paladin Energy has approved a prefeasibility study (PFS) probing the restart of its Langer Heinrich mine, in Namibia, after a concept study identified a number of options to reduce operating costs, improve uranium process reliability, and to potentially recover a saleable... 

Mick Davis’ Niron believes Zogota can unlock Guinea’s rich potential 

By: Martin Creamer     25th February 2019 Mining luminary Mick Davis’s new company Niron Metals on Monday expressed the belief that the development of the Zogota iron-ore endowment in Guinea had the potential to unlock the country’s rich resources for the benefit of all stakeholders.  Davis, who is well known for his impressive record in... 

A flashback to Mick Davis' Xstrata days with South Africa's former Mineral Resources Minister Phumzile Mlambo-Ngcuka.
Photo by Creamer Media
A flashback to Mick Davis' Xstrata days with South Africa's former Mineral Resources Minister Phumzile Mlambo-Ngcuka.

Barrick sees Newmont merger as unprecedented value creator 

By: Martin Creamer     25th February 2019 Gold mining company Barrick on Monday announced that it had made a proposal to the Newmont board of directors to merge with Newmont in an all-share transaction, saying a combination of the two companies would form the world’s best gold company with unprecedented potential for value creation.... 

Barrick president and CEO Dr Mark Bristow
Barrick president and CEO Dr Mark Bristow

Mick Davis' Niron to develop Guinea's Zogota iron-ore deposit 

By: Creamer Media Reporter      25th February 2019 Niron Metals, headed by Mick Davis, on Monday confirmed in an email to Mining Weekly Online that a settlement had been reached between Guinea and Niron on mining concessions and licences. Reuters earlier on Monday quoted a BSG Resources (BSGR) spokesperson as saying that Niron would develop... 

Niron Metals' Mick Davis
Photo by Bloomberg
Niron Metals' Mick Davis

Mpumi Zikalala to head De Beers managed operations 

By: Martin Creamer     25th February 2019 De Beers Group has announced an initiative to consolidate its mining assets in South Africa and Canada into one business called De Beers Group Managed Operations. The new business will streamline operational management and identify synergies to create a more sustainable business in the two... 

MD De Beers Broup Managed Operations Nompumelelo (Mpumi) Zikalala
MD De Beers Broup Managed Operations Nompumelelo (Mpumi) Zikalala

AMCU strike action further undermines struggling gold, platinum sectors – Minerals Council 

By: Marleny Arnoldi     22nd February 2019 The Minerals Council South Africa on Friday expressed its concern about the consequences of Association of Mineworkers and Construction Union’s (AMCU’s) planned secondary strikes at mining companies where the union is recognised in the gold and platinum sectors. Fifteen companies have, so far,... 

Minerals Council South Africa Roger Baxter
Minerals Council South Africa Roger Baxter

Wescoal appoints new CEO, reconstitutes board 

By: Creamer Media Reporter      22nd February 2019 JSE-listed Wescoal has appointed Reginald (Reg) Lavhelesani Demana, a mining and resources specialist, CEO, effective April 1. He will take over from interim CEO Dr Humphrey Mathe, who took over the position following former CEO Waheed Sulaiman's resignation in January. 

Incoming Wescoal CEO Reg Demana
Incoming Wescoal CEO Reg Demana

Northam lifts H1 earnings, Booysendal on track for FY22 steady-state production  

By: Marleny Arnoldi     22nd February 2019 JSE-listed Northam Platinum has reported normalised earnings a share of 108.5c for the six months ended December 31, 2018, compared with the 37.1c reported for the six months ended December 31, 2017. This was on the back of normalised headline earnings having increased by 192% to R553-million,... 

Northam CEO Paul Dunne
Photo by Creamer Media
Northam CEO Paul Dunne

UG2 outperforms as Sibanye positions for new world ­  

By: Martin Creamer     21st February 2019 The soaring prices of rhodium and palladium have put new focus on the upper group two (UG2) reef, for long the poor cousin of Merensky reef in the hierarchy of platinum group metals (PGMs) mining. Merensky's predominant platinum content has made it the preferred reef for decades but UG2 is... 

Sibanye-Stillwater CEO Neal Froneman
Sibanye-Stillwater CEO Neal Froneman's results presentation reported on by Mining Weekly Online's Martin Creamer. Photograph: Creamer Media's Dylan Slater. Video: Creamer Media's Darlene Creamer.

Productivity improvements, higher prices lift Anglo American’s FY18 Ebitda to $9.2bn 

By: Marleny Arnoldi     21st February 2019 Continued productivity improvements in underlying operations and better-than-expected prices have contributed to global diversified miner Anglo American’s 4% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to $9.2-billion for 2018. CE Mark... 

Anglo American CE Mark Cutifani
Anglo American CE Mark Cutifani

Strike-hit but upbeat Sibanye confident of value uplift as precious metals shine 

By: Martin Creamer     21st February 2019 Precious metals company Sibanye-Stillwater expressed confidence on Thursday that the global precious metals surge would enable it to deliver value despite the prolonged strike challenge that the company is contending with. The company reported 8%-lower earnings before interest, taxes,... 

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

Glencore auditing 140 slimes dams 

By: Martin Creamer     20th February 2019 Diversified mining and marketing company Glencore is auditing 140 slimes dams, 65 of them active and 75 of them closed. The company has been undertaking detailed assessments and audits of all material tailings storage facilities (TSFs) over the past three years, after accumulating a TSF... 

Fifty-one percent of Glencore's tailings storage faciities are upstream dams.
Photo by Glencore
Fifty-one percent of Glencore's tailings storage faciities are upstream dams.

Pan African H1 revenue up 52.8% y/y to R1.3bn  

By: Nadine James     20th February 2019 Gold miner Pan African Resources achieved a 52.8% year-on-year increase in revenue for the six months to December 31, 2018, to R1.3-billion. CEO Cobus Loots on Wednesday attributed the higher revenue to an increase in gold production, which rose by 54.2% year-on-year to 81 014 oz on the back of... 

COBUS LOOTS
Pan African Resources CEO Cobus Loots discusses the group’s interim results. Video: Creamer Media's Darlene Creamer

Coal capped at 150 Mt/y – Glencore 

By: Martin Creamer     20th February 2019 Diversified mining and marketing company Glencore has capped its coal capacity at 150-million tonnes of coal a year, a figure that it is close to and which it will not exceed. The company has been working on the cap with its investors since 2016 in the interests of the transitioning to a low... 

Glencore is using wind turbine generated energy in Canada and Australia
Photo by Glencore
Glencore is using wind turbine generated energy in Canada and Australia

Brazil iron-ore tragedy brings home reality of mining risk – Kumba  

By: Martin Creamer     19th February 2019 Following 58 mineworkers suffering fatal occupational accidents in South Africa in 2018, Kumba Iron Ore CE Themba Mkhwanazi on Tuesday drew attention to 2019 beginning globally with the tragic loss of life at Brumadinho, in Brazil, as a result of an iron-ore tailings dam collapse that killed 170... 

Brazil iron-ore tragedy brings home reality of mining risk – Kumba
Mining Weekly Online’s Martin Creamer reports on Kumba Iron Ore. Video: Creamer Media’s Nicholas Boyd.

Price premiums boosting quality-focused Kumba Iron Ore  

By: Martin Creamer     19th February 2019 South Africa’s Kumba Iron Ore, which stands head and shoulders above its peers when it comes to iron-ore quality, is achieving major price premiums well above historical heights. Structural change and strong growth in particularly the China steel market has placed the Anglo American group company... 

Kumba Iron Ore CE Themba Mkhwanazi
Mining Weekly Online’s Martin Creamer reports on Kumba Iron Ore. Video: Creamer Media’s Nicholas Boyd.

Improved margins drive growth in AngloGold's free cash flow generation 

By: Simone Liedtke     19th February 2019 Gold miner AngloGold Ashanti achieved its guidance for the sixth consecutive year, with improved margins driving significant growth in free cash flow generation, the company announced on Tuesday morning.   The gold miner further declared a dividend of 95c a share, equal to about $0.07.   During... 

AngloGold CEO Kelvin Dushnisky
Photo by Bloomberg
AngloGold CEO Kelvin Dushnisky

High-flying Amplats sets ‘next wave of strategy’ in motion 

By: Martin Creamer     18th February 2019 Anglo American Platinum (Amplats), which shot the lights out with a set of stupendous cash-splurging, debt-negating, high-dividend-yielding 2018 results, on Monday set its “next new wave of strategy” in motion, which involves extracting the full potential from its operations through people and... 

Anglo American Platinum CEO Chris Griffith
Photo by Creamer Media Chief Photographer Dylan Slater
Anglo American Platinum CEO Chris Griffith

Petra appoints new CEO, narrows H1 net loss 

By: Tasneem Bulbulia     18th February 2019 LSE-listed Petra Diamonds, which on Monday announced the appointment of Richard Duffy as CEO, narrowed its adjusted net loss after tax to $4.5-million for the six months ended December 31, 2018, from the net loss of $7.2-million recorded for the six months to December 31, 2017. Nevertheless,... 

Richard Duffy
Photo by Creamer Media
Richard Duffy

Universal still waiting for takeover offer  

By: Esmarie Iannucci     18th February 2019 The board of ASX-listed Universal Coal has urged shareholders to sit tight as the company awaits a possible takeover offer from a consortium of investors, headed by South Africa’s Ata Resources. Universal in December last year struck a non-solicitation agreement with the special purpose bidding... 

Lower South Deep output dents Gold Fields’ FY18 profit 

By: Tasneem Bulbulia     15th February 2019 Dual-listed Gold Fields achieved normalised profit from continuing operations of $27-million for the year ended December 31, 2018, compared with the $154-million posted for 2017.   The company’s profit was dented by a decline in output, led by its South Deep mine in South Africa. 

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

Nevada like Witwatersrand of 1970s – Bristow 

By: Martin Creamer     15th February 2019 Nevada is like the Witwatersrand of the 1970s, says new Barrick Gold president and CEO Dr Mark Bristow, whose Randgold Resources is now merged into Barrick to form the world’s biggest gold mining company, which is also an extractor of copper, a metal that Bristow sees as “another gold”. The brand... 

Barrick Gold CEO Dr Mark Bristow
Barrick Gold CEO Dr Mark Bristow

Mantashe calls for more security at mines following Gloria coal mine incident 

By: Simone Liedtke     15th February 2019 Mineral Resources Minister Gwede Mantashe on Friday said the priority remains to restore ventilation at the Gloria mine, in Mpumalanga, and to reduce flammable gases underground so that the search and recovery process can continue with the necessary speed. He also called for security at mines to... 

South32 finalising preferred list of coal mine bidders 

By: Martin Creamer     14th February 2019 The complete preferred list of bidders for South32’s energy coal interests is still being finalised, South32 CEO Graham Kerr told Mining Weekly Online on Thursday, when he also provided three reasons why the company’s Australian manganese operations are doing better than its South African... 

South32 CEO Graham Kerr
Photo by Creamer Media
South32 CEO Graham Kerr

Sibanye considers restructuring gold operations; says FY loss to narrow to R1bn  

By: Marleny Arnoldi     14th February 2019 JSE- and NYSE-listed Sibanye-Stillwater will consult with stakeholders about the possible restructuring of its gold operations and associated services, as a result of ongoing financial losses. In a trading statement released on Thursday, the miner said it expects to report an attributable loss... 

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

Barrick advancing autonomous gold production – Bristow 

By: Martin Creamer     14th February 2019 Autonomous production systems and projects are being advanced across Barrick Gold as the group focuses on boosting mining efficiency, new Barrick president and CEO Dr Mark Bristow tells Mining Weekly Online. This is part of an all-out drive by Bristow to ensure that Barrick, into which Randgold... 

Barrick Gold CEO Dr Mark Bristow
Barrick Gold CEO Dr Mark Bristow

Lower grades, higher costs contribute to lower FY18 adjusted earnings for Barrick 

By: Marleny Arnoldi     13th February 2019 Since merging with Randgold Resources six weeks ago, Barrick Gold Corporation on Wednesday said it has made progress in achieving its short-term priority goals and its full-year objectives. Barrick expects to produce between 5.1-million and 5.6-million ounces of gold and between 375-million and... 

Lower grades, higher costs contribute to lower FY18 adjusted earnings for Barrick

Bristow snaps into fast action wearing Barrick crown 

By: Martin Creamer     13th February 2019 Dr Mark Bristow has snapped into fast action wearing the Barrick crown. His Randgold Resources, which now falls under the Barrick Gold umbrella, on Wednesday bowed out with panache when it declared a 35% dividend increase to $2.69 a share, buoyed by record production of 807 000 oz of gold at the... 

Barrick CEO Mark Bristow in the field.
Barrick CEO Mark Bristow in the field.

Eskom grid upkeep increasingly problematic – DRDGold  

By: Martin Creamer     13th February 2019 The quality of maintenance of the Eskom distribution infrastructure is becoming increasingly problematic, DRDGold CEO Niël Pretorius said on Wednesday. At the company's presentation of power-hit interim results for the six months to December 31, Pretorius said that although DRDGold's own power... 

DRDGold CEO Niël Pretorius
DRDGold CEO Niël Pretorius discusses poor electricity infrastructure risk with Mining Weekly Online’s Martin Creamer. Video and video editing: Creamer Media’s Darlene Creamer.

Harmony cuts energy consumption, ushering in solar, mulling biofuels  

By: Martin Creamer     12th February 2019 Gold mining and exploration company Harmony Gold is intensifying its efforts to cut electricity consumption to a minimum while also looking at introducing solar power and biofuel energy. CEO Peter Steenkamp said on Tuesday when the company issued its half-year results that Eskom’s problems could... 

Harmony sustainable development executive Melanie Naidoo-Vermaak
Harmony Gold executives talk to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Creamer Media’s Darlene Creamer

Harmony’s Steenkamp rising to President Ramaphosa’s ten-point challenge  

By: Martin Creamer     12th February 2019 Harmony Gold CEO Peter Steenkamp is rising to President Cyril Ramaphosa’s ten point mining challenge by striving to pay meaningful social dividends across a broad front and answering the call to beneficiate, which is no mean feat when it comes to gold. The executive head of the million-ounce-plus... 

Harmony Gold CEO Peter Steenkamp
Harmony Gold CEO Peter Steenkamp talks to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Creamer Media’s Darlene Creamer

Sibanye considers closing unprofitable shafts at gold mines 

By: Bloomberg     12th February 2019 Sibanye Gold is considering shutting unprofitable shafts and cutting jobs at its South African gold mines amid a three-month-old wage strike that’s curbing output. The nation’s largest gold producer has talked with some labor unions about a potential restructuring, which could lead to job cuts,... 

Sibanye considers closing unprofitable shafts at gold mines

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Mineral Resources Minister Gwede Mantashe
Mineral Resources Minister Gwede Mantashe

Obuasi development on track for end-2019 gold pour  

By: Marleny Arnoldi     11th February 2019 AngloGold Ashanti’s Obuasi redevelopment project has completed its first week of underground development blasting, as the work to pour first gold by the end of the year gathers momentum. The first blast, on February 1, advanced development by around 4.2 m on the 2 700-level, which is accessed... 

Obuasi, Ghana
Obuasi, Ghana

Acacia maintains strong cost discipline in FY18  

By: Tasneem Bulbulia     11th February 2019 Gold miner Acacia Mining maintained strong cost discipline in the financial year ended December 31, achieving an all-in sustaining cost (AISC) of $905/oz, well below the guidance range of $935/oz to $985/oz, interim CEO Peter Geleta said in a statement on Monday. He added that the company had... 

Acacia maintains strong cost discipline in FY18

Lonmin’s Q1 results show improved liquidity despite relatively poor performance  

By: Nadine James     8th February 2019 Platinum miner Lonmin on Friday released its unaudited first-quarter production results for the three months ended December 31, 2018, stating that its relatively poor operational performance had been partially redeemed by its improved liquidity. The company noted that the first quarter is... 

Ben Magara
Photo by Creamer Media
Ben Magara

Glencore's Zambian unit suspends operations after three workers die in fire 

By: Reuters     8th February 2019 Glencore's Zambian unit Mopani Copper Mines said on Friday it had suspended operations at its Mindola north shaft after three workers were killed in a fire accident. Mopani is one the biggest mining companies in Zambia – Africa's No. 2 producer of the metal – with an output of around 100 000 t/y.... 

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