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Audio Articles

Newmont seeks to become world's biggest gold producer through $10bn Goldcorp buyout 

By: Marleny Arnoldi     14th January 2019 NYSE-listed Newmont Mining Corporation and NYSE- and TSX-listed Goldcorp have entered into a definitive agreement that will result in Newmont acquiring all shares of Goldcorp in a stock-for-stock transaction valued at $10-billion. Newmont will acquire each Goldcorp share for 0.3280 of a Newmont... 

Newmont CEO Gary Goldberg
Photo by Bloomberg
Newmont CEO Gary Goldberg

Mantashe to engage Xolobeni community  

By: Marleny Arnoldi     14th January 2019 Mineral Resources Minister Gwede Mantashe will once again engage with the Xolobeni community on Wednesday to try to find suitable solutions to an impasse over the awarding of mining rights in the Xolobeni area of the Eastern Cape. Following the Minister’s last meeting with the Amadiba Crisis... 

Mineral Resources Minister Gwede Mantashe
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Hydrogen leap needed to aid platinum’s future 

By: Martin Creamer     11th January 2019 A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using... 

Hydrogen leap needed to aid platinum’s future

Sibanye-Stillwater market update draws AMCU’s fury  

By: Simone Liedtke     11th January 2019 The Association of Mineworkers and Construction Union (AMCU) has accused gold miner Sibanye-Stillwater of “bragging about its profits” and of “shocking arrogance” while the union’s members remain on strike at the miner’s South African gold operations. The union said it viewed Sibanye’s market... 

Sibanye retains favourable debt covenant 

By: Marleny Arnoldi     11th January 2019 JSE- and NYSE-listed Sibanye-Stillwater on Friday announced that all lenders of its dollar and rand revolving credit facilities (RCF) have agreed to retain the upper limit of the RCF until December 31. The RCF comprises 13 South African and international banks. The upper limit of the RCF is net... 

Sibanye retains favourable debt covenant

BRPs to meet with Optimum, Koornfontein creditors to vote on proposed business rescue plans 

By: Simone Liedtke     10th January 2019 The joint business rescue practitioners (BRPs) of Optimum Coal Mine (OCM) and Koornfontein Mines (KFT) expect to convene meetings with creditors within the next few weeks to vote on the proposed business rescue plans for the mines. The meetings will take place once the BRPs have resolved... 

BRPs to meet with Optimum, Koornfontein creditors to vote on proposed business rescue plans

Value-chain relationship rebuild essential for platinum group metals’ survival – Ritchken 

By: Martin Creamer     10th January 2019 The rebuilding of key strategic relationships across the value chain of the platinum group metals (PGMs) sector is essential for the survival of the industry, Mining Phakisa coordinator Edwin Ritchken states in the book The Future of Mining in South Africa: Sunset or Sunrise, published by the... 

Mining Phakisa coordinator Edwin Ritchken
Photo by Creamer Media
Mining Phakisa coordinator Edwin Ritchken

Sibanye reports good PGMs performance, but gold output falls amid strike 

By: Simone Liedtke     10th January 2019 JSE- and NYSE-listed Sibanye-Stillwater on Thursday said its South African platinum group metals (PGMs) operations continue to do well, with the miner expecting its platinum, palladium, gold and rhodium (4E) PGMs production for 2018 to be about 1.17-million ounces. In a statement detailing... 

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

Centamin output falls 13% y/y in ‘operationally challenged’ year 

By: Simone Liedtke     9th January 2019 Dual-listed Centamin produced 472 418 oz of gold in 2018 – a 13% year-on-year decrease. The company, which operates the Sukari mine, in Egypt, had, during 2018, revised its full-year guidance downward in response to operational challenges, including lower grades from the openpit in the first half... 

The Sukari mine, in Egypt
The Sukari mine, in Egypt

AMCU reveals 2019 plans amid ongoing strike at Sibanye-Stillwater 

By: Simone Liedtke     9th January 2019 Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa on Wednesday said the union would continue its protected strike at Sibanye-Stillwater’s gold operations until its demands for a R1 000 increment for the next three-year period are met. He assured members and media... 

Gold treads lower on improved risk appetite; palladium at record high 

By: Reuters     9th January 2019 Gold prices edged lower on Wednesday as a likely end to a long-drawn Sino-US trade war boosted risk sentiment, outweighing expectations of a pause in interest rate increases by the Federal Reserve. Meanwhile, palladium hit a record high at $1 340.50 an ounce during the session. 

Gold treads lower on improved risk appetite; palladium at record high

Tanzania names latest mining minister in ongoing industry clash 

By: Reuters     8th January 2019 Tanzania named a new mining minister on Tuesday amid a prolonged spat between the government and gold producer Acacia over a $190-billion tax bill, which has severely limited the London-listed company's operations in the East African nation. Dotto Biteko, whose appointment was announced by... 

Gold miners to focus on mitigating risks – Fitch Solutions 

By: Simone Liedtke     8th January 2019 Consultancy company Fitch Solutions believes the gold mining industry will remain fragmented, with the top five companies producing just one-fifth of global output. Despite the company’s expectation of a slight rebound in prices, it stated in its latest ‘Outlook for gold miners’ report, published... 

Gold miners to focus on mitigating risks – Fitch Solutions

AMCU strike continues at Sibanye as union verification process is adjourned 

By: African News Agency      8th January 2019 Sibanye-Stillwater said on Monday that the mediator of the ongoing strike at its gold operations in South Africa would approach the Labour Court to seek guidance about the verification of union membership after it (Sibanye) did not agree with the striking union about terms of reference for the... 

Africa, South America to drive copper mine capacity growth up to 2021 – ICSG 

By: Marleny Arnoldi     7th January 2019 The International Copper Study Group (ICSG) expects copper mine capacity to grow at an average rate of 2.2% a year up to 2021. The ICSG notes in its biannual ‘Directory of Copper Mines and Plants’ that the average is derived from the lower growth of about 0.5% seen in 2018/19 as compared to... 

Africa, South America to drive copper mine capacity growth up to 2021 – ICSG

BlackRock heaps praise on gold's role as a tough year opens 

By: Bloomberg     7th January 2019 Gold may extend gains as global growth slows, equity market volatility remains elevated and the Federal Reserve is expected to ease back on the pace of policy tightening this year, according to a BlackRock money manager, who says the precious metal offers an effective hedge. “Recession fears are... 

BlackRock heaps praise on gold's role as a tough year opens

Goldman takes hatchet to near-term metals outlook as China sours  

By: Bloomberg     7th January 2019 Goldman Sachs Group chopped back its near-term metals forecasts as China’s economy has “decelerated notably,” while balancing that outlook with a prediction mainland policy makers will respond by stoking expansion in the second half, aiding a revival in copper and aluminum. The bank – which had... 

Orion presents case for first 10 years of Prieska mine 

By: Mariaan Webb     19th December 2018 With a resource upgrade in hand, base metals mine developer Orion Minerals on Wednesday presented the outcomes of a scoping study for its Prieska zinc/copper project in South Africa’s Northern Cape. The study investigated the economic viability of an initial ten-year phase of underground mining... 

Orion MD Errol Smart
Orion MD Errol Smart

Gold Fields and NUM sign formal agreement ending South Deep strike 

By: Mariaan Webb     18th December 2018 The 45-day strike at Gold Fields’ South Deep mine has officially ended following signing of a formal settlement agreement between the JSE- and NYSE-listed company and the National Union of Mineworkers (NUM). Employees have been returning to work since last Thursday, when the union called off the... 

The South Deep mine
Photo by Creamer Media
The South Deep mine

Barrick makes good on promise of larger dividend as Randgold merger passes final milestone 

By: Mariaan Webb     18th December 2018 Canadian gold major Barrick Gold is rewarding its shareholders with a larger full-year dividend, in line with a previous commitment to boost its payouts as a sweetener for its $6.1-billion merger with Africa-focused Randgold Resources. The company has declared a fourth quarter dividend of $0.07... 

Randgold CEO Mark Bristow is the designate president and CEO of Barrick Gold.
Randgold CEO Mark Bristow is the designate president and CEO of Barrick Gold.

Orion’s flagship Prieska project to be a beacon of hope for junior miners 

By: Simone Liedtke     14th December 2018 Junior mining in South Africa will finally see a new level of growth as a result of South Africa’s newly gazetted Mining Charter 3, base metals miner Orion Minerals CEO Errol Smart told Mining Weekly Online on Friday. Junior mining, which he says has been the “bottom-feeding sector” in the mining... 

Orion CEO Errol Smart
Orion CEO Errol Smart

Global uranium supply sufficient to meet future demand – NEA 

By: Marleny Arnoldi     14th December 2018 Intergovernmental agency, the Nuclear Energy Association (NEA), says the world’s supply of uranium is more than adequate to meet projected requirements for the foreseeable future, regardless of the role that nuclear energy will play in meeting future electricity demand and global climate... 

Cameco's Inkai mine in Kazakhstan
Cameco's Inkai mine in Kazakhstan

Policy certainty lifts sentiment, safety slips and a challenging 2019 forecast 

By: Nadine James     14th December 2018 Improved sentiment on the back of a newly appointed Minerals Resources Minister, the publication of and the subsequent consensus on Mining Charter 3 after extensive consultations, and mixed global commodities demand influenced by macroeconomic developments – primarily US-China trade tensions –... 

Policy certainty lifts sentiment, safety slips and a challenging 2019 forecast

High Court sets out process to action against silicosis, TB settlement agreement  

By: Marleny Arnoldi     13th December 2018 The Johannesburg High Court on Thursday issued a court order setting out the processes in terms of which members of the settling classes and any interested parties should be invited to show cause why the silicosis and tuberculosis class action settlement agreement should not be made an order of... 

Sibanye extends union wage agreements to all employees, ends AMCU strike 

By: Marleny Arnoldi     13th December 2018 JSE-listed Sibanye-Stillwater has extended the wage agreement entered into with some unions to all employees, effectively rendering the three-week-long strike by Association of Mineworkers and Construction Union (AMCU) members unprotected. During the course of the strike, which was called by... 

Sibanye extends union wage agreements to all employees, ends AMCU strike

Japanese trading giant Mitsubishi throws weight behind platinum 

By: Martin Creamer     13th December 2018 The Japanese trading giant Mitsubishi has thrown its weight behind technologies that harness the high-performance characteristics of platinum group metals (PGMs) by joining Anglo American Platinum (Amplats) and South Africa’s Public Investment Corporation (PIC) as an investor in AP Ventures,... 

AP Ventures managing partner Andrew Hinkly
Photo by Creamer Media
AP Ventures managing partner Andrew Hinkly

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Women in Mining South Africa chairperson Lindiwe Nakedi (right) interviewed by Martin Creamer
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Minerals Minister defends coal, complains about high electricity prices  

By: Rebecca Campbell     12th December 2018 Mineral Resources Minister Gwede Mantashe has defended the role of coal in the country's energy mix and complained about the harmful effect of high electricity prices on the local beneficiation of minerals. He was delivering the keynote address at the launch, in Pretoria, of a book – The Future... 

Minerals Minister defends coal, complains about high electricity prices

People the critical factor for mining – Minister  

By: Rebecca Campbell     12th December 2018 Mineral Resources Minister Gwede Mantashe stressed on Wednesday that the key factor in the future of South African mining was the human element. He was delivering the keynote address at a Mapungubwe Institute for Strategic Reflection function launching a book on the future of the country's mining... 

Mineral Resources Minister Gwede Mantashe
Photo by Creamer Media
Mineral Resources Minister Gwede Mantashe

Sibanye condemns violent protest at its South African gold mines 

By: Simone Liedtke     11th December 2018 Dual-listed Sibanye-Stillwater on Tuesday said the situation at its Beatrix gold operations, in the Free State, were tense amid continuing violent actions by groups allegedly affiliated to the Association of Mineworkers and Construction Union (AMCU). “In the early hours of December 11, various... 

Anglo anticipates continual production growth to 2022 

By: Marleny Arnoldi     11th December 2018 Diversified miner Anglo American is targeting incremental yearly earnings before interest, taxes, depreciation and amortisation (Ebitda) of between $3-billion and $4-billion by 2022. CE Mark Cutifani on Tuesday said the group had completely transformed the quality of its asset portfolio and its... 

Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani

Harmony, Newcrest sign Wafi-Golpu gold mining project MoU with PNG govt  

By: Tasneem Bulbulia     11th December 2018 Harmony Gold and its Wafi-Golpu Joint Venture (WGJV) partner Newcrest Mining on Tuesday signed a memorandum of understanding (MoU) with the Independent State of Papua New Guinea, as an affirmation of the parties’ intent to proceed with the Wafi- Golpu gold mining project in Papua New Guinea. 

Gecamines increases stake in Boss Mining joint venture to 49% 

By: Reuters     10th December 2018 The Democratic Republic of Congo's State mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49% after the two companies renegotiated terms. The state miner is moving to increase its take from joint ventures with... 

Barrick’s Michael Brown retires ahead of Randgold merger 

By: Mariaan Webb     10th December 2018 Gold major Barrick Gold has announced management changes in its North American region ahead of the completion of its merger with Africa-focused Randgold Resources on January 1. CFO Catherine Raw will assume responsibility for the enlarged group’s US operations the newly created position of COO... 

South African gold industry enters final phase of slow death   

By: Bloomberg     10th December 2018 Back in 1987, South African President Cyril Ramaphosa – then a 34-year-old labor union leader – led 300 000 black miners in a strike that symbolized resistance to the apartheid regime. Now, striking gold workers face a less politically charged battle, but one they can’t win. The nation’s... 

South African gold industry enters final phase of slow death

Transnet praised for rapidly restoring stricken Saldanha iron-ore line 

By: Martin Creamer     7th December 2018 State rail transport enterprise Transnet has earned praise by pulling out all the stops to rapidly restore a railway bridge on South Africa’s crucial Sishen–Saldanha iron-ore line. The line came to a halt on November 28 after a truck carrying heavy equipment at excessive height on a public road... 

Crucial iron-ore line back on track after rapid bridge restoration
Crucial iron-ore line back on track after rapid bridge restoration

Bushveld apologises for Aim rules breaches, pays £490 000 fine 

By: Marleny Arnoldi     7th December 2018 The London Stock Exchange has determined a public censure of Aim-listed Bushveld Minerals and fined the company £700 000 relating to Aim rule breaches that occurred in April 2016. Bushveld settled the fine early and it was, therefore, discounted to £490 000.  

Mantashe discusses mining’s lower GDP contribution with industry stakeholders 

By: Marleny Arnoldi     7th December 2018 Mineral Resources Minister Gwede Mantashe says the department and industry stakeholders are paying greater attention to detail, given that the contribution of the mining sector to gross domestic product (GDP) does not reflect its potential. According to GDP data released by Statistics South... 

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