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Audio Articles

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... 

Multibillion-dollar Zim PGMs project making progress

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... 

Zimplats Mupani Mine
Zimplats Mupani Mine

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... 

RBPlat CEO Steve Phiri (right) and Martin Creamer
Royal Bafokeng Platinum CEO Steve Phiri talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Christo Greyling.

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... 

Platinum market to remain in surplus despite expected rise in demand – WPIC

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 executive head: operations Neil Carr
RBPlat executive head: operations Neil Carr outlines solar, tailings plans to Mining Weekly Online’s Martin Creamer. Photo: Creamer Media’s Dylan Slater. Video: Creamer Media’s Nicholas Boyd.

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... 

RBPlat CEO Steve Phiri
RBPlat CEO Steve Phiri endorses new government approach at presentation covered by Mining Weekly Online’s Martin Creamer. Photo: Creamer Media’s Dylan Slater. Video: Creamer Media’s Nicholas Boyd

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)... 

RBPlat CFO Hanré Rossouw
RBPlat CFO Hanré Rossouw spells out rights offer at presentation covered by Mining Weekly Online’s Martin Creamer. Photo: Creamer Media’s Dylan Slater. Video: Creamer Media’s Nicholas Boyd

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
Photo by Bloomberg
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
Photo by Creamer Media's Dylan Slater
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... 

Impala Platinum group executive refining and marketing Sifiso Sibiya
Impala Platinum group executive refining and marketing Sifiso Sibiya

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
Photo by Creamer Media
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
Photo by Creamer Media's Simone Liedtke
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
Photo by Creamer Media
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
Photo by Creamer Media
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
Photo by Creamer Media
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... 

Water and mud stand in a valley after a Vale SA dam burst in Brumadinho, Minas Gerais state, Brazil.
Water and mud stand in a valley after a Vale SA dam burst in Brumadinho, Minas Gerais state, Brazil.

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%... 

Assore image on latest presentation booklet.
Assore image on latest presentation booklet.

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
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