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Audio Articles

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... 

Gamsberg to trigger new wave of industrial development in Northern Cape 

By: Simone Liedtke     6th December 2018 In the lead-up to achieving its production target of 600 000 t/y, diversified miner Vedanta's Northern Cape-based Gamsberg zinc mine is ready to launch Phase 1. After having been in development for three years by Vedanta's Zinc International division, the $400-million Gamsberg development forms... 

 Gamsberg to trigger new wave of industrial development in Northern Cape

Pioneering nickel sulphate venture draws down on loan 

By: Martin Creamer     6th December 2018 Black-controlled Thakadu Battery Materials, a pioneering South African high-purity battery-grade nickel sulphate developer, has made its first drawdown from South Africa’s State-owned Industrial Development Corporation (IDC) under a R152-million loan facility agreement. The IDC loan is funding... 

Thakadu Battery Materials CEO Ruli Diseko
Thakadu Battery Materials CEO Ruli Diseko

AfriTin marks first ore to plant at Namibia mine  

By: Tasneem Bulbulia     6th December 2018 Tin mining company AfriTin on Wednesday moved the first ore to plant at its Uis tin mine, in Namibia, setting the company on its way to reaching its goal of re-establishing the country as a major player in the tin mining industry. The company also undertook a blast at a targeted area of the mine... 

AfriTin marks first ore to plant at Namibia mine

Springs-based fuel cell SEZ approved  

By: Nadine James     5th December 2018 The special economic zone (SEZ) for fuel cell development, proposed for development by the Gauteng Industrial Development Zone initiative and Impala Platinum (Implats), has been approved, Implats fuel cell coordinator Fahmida Smith told attendees at the International Partnership for Hydrogen and... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

 Dassault Systèmes Geovia Brand CEO Raoul Jacquand (right) interviewed by Mining Weekly Online's Martin Creamer
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

HySA strategy bears fruit with multiple projects nearing commercialisation 

By: Nadine James     5th December 2018 The Hydrogen South Africa (HySA) strategy has produced multiple inventions and pilot projects that are nearing commercialisation, Department of Science and Technology Hydrogen and Energy chief director Dr Rebecca Maserumule told attendees of the thirtieth International Partnership for Hydrogen... 

No 2 platinum miner mulls purchases in low-cost asset shift 

By: Bloomberg     4th December 2018 Impala Platinum Holdings said it’s open to acquiring low-cost assets as the struggling miner looks beyond a plan to close unprofitable shafts in South Africa. The No 2 platinum producer, known as Implats, is playing catch-up with larger rival Anglo American Platinum, which is boosting output and... 

No 2 platinum miner mulls purchases in low-cost asset shift

Glencore doing whatever it can to assist Eskom – Glasenberg 

By: Martin Creamer     4th December 2018 Diversified mining and marketing company Glencore is doing whatever it can to assist Eskom overcome its current coal supply issues, Glencore CEO Ivan Glasenberg has told Mining Weekly Online. “We’re looking at trucking coal and railing coal, 24 hours a day, seven days a week, to assist them on... 

Glencore CEO Ivan Glasenberg
Glencore CEO Ivan Glasenberg

Glasenberg eyes successor as Glencore readies new generation 

By: Bloomberg     4th December 2018 Ivan Glasenberg said there will be a generational shift at the top of Glencore over the next few years, suggesting a period of upheaval for the world’s largest commodity trader that’s unprecedented in its short history as a public company. Glasenberg said he’s actively looking for the next CEO... 

Ivan Glasenberg
Ivan Glasenberg

Glencore says cobalt contract 'nonperformance' hits outlook for marketing earnings 

By: Reuters     3rd December 2018 Mining and trading giant Glencore said on Monday some customers had reneged on contracts for cobalt, a key metal for electric car batteries, contributing to a cut in earnings guidance for its marketing arm. A presentation released ahead of an investor call said: "Cobalt – some customer... 

Glencore's billionaire copper chief retires under legal pressure  

By: Bloomberg     3rd December 2018 Glencore on Monday announced the retirement of-billionaire Aristotelis Mistakidis, its embattled head of copper trading and one of the company’s biggest shareholders. Mistakidis’s departure marks the end of an era. The 56-year-old executive is one of the world’s most powerful commodities traders... 

Glencore's billionaire copper chief retires under legal pressure

Congo begins audit of Glencore unit after cobalt exports halted  

By: Bloomberg     3rd December 2018 The Democratic Republic of Congo’s (DRC's) government began an audit into how radioactive cobalt produced by a Glencore unit left the country before an alarm was raised. The probe places a further strain on relations between the commodity trader and Congo’s government frayed earlier this year by... 

Kropz bullish about future as it lists on Aim 

By: Simone Liedtke     30th November 2018 Emerging plant nutrient producer Kropz, which on Friday listed on the Aim, has raised gross proceeds of about £27.3-million, or about $35-million, before expenses with new UK, South African and international shareholders, as well as existing shareholders. The net proceeds of the fundraising will... 

Kropz CEO Ian Harebottle
Photo by Creamer Media
Kropz CEO Ian Harebottle

Mantashe calls on Sibanye to resolve ongoing workers' strike 

By: African News Agency      30th November 2018 South African Minister of Mineral Resources Gwede Mantashe on Friday urged Sibanye-Stillwater to urgently resolve the workers' strike currently underway at three of the company's gold operations. This, as Mantashe met with Sibanye's executives on Friday morning to receive a briefing on the strike... 

Master Drilling earmarks ‘significant share’ of capex for product portfolio, market diversification 

By: Paige Müller     30th November 2018 Having grown from strength to strength since its JSE listing in 2012, local innovative drilling solutions provider Master Drilling plans to focus its capital expenditure (capex) on product and market diversification over the next five years, according to group CEO and founder Danie Pretorius.... 

Master Drilling earmarks ‘significant share’ of capex for product portfolio, market diversification

Lonmin returns to profitability ahead of Sibanye-Stillwater merger  

By: Nadine James     29th November 2018 Platinum group metals (PGMs) miner Lonmin on Thursday announced a return to profit for the 2018 financial year, with revenue up 6.3% year-on-year to $1.3-billion and an operating profit amounting $101-million, compared with a loss of $1-billion in 2017. Lonmin CEO Ben Magara commented that the... 

BEN MAGARA
BEN MAGARA

Mantashe lifts moratorium on oil, gas applications to kickstart exploration  

By: Kim Cloete     29th November 2018 Mineral Resources Minister Gwede Mantashe has announced he will amend the moratorium currently in place for the oil and gas sector, to allow for the processing of applications currently in the system. The moratorium, which was originally put in place in June, restricts the granting of... 

Mineral Resources Minister Gwede Mantashe
Mineral Resources Minister Gwede Mantashe

Anglo willing to play constructive land role  

By: Martin Creamer     29th November 2018 Anglo American CEO Mark Cutifani on Wednesday expressed willingness to play a constructive role in helping South Africa to arrive at solutions involving the diversification of land ownership and ensuring land productivity. Speaking to journalists at a year-end media function, Cutifani urged the... 

Anglo American CEO Mark Cutifani
Photo by Creamer Media
Anglo American CEO Mark Cutifani

Gold Fields warns striking workers there will be no ‘sweetener’ deals 

By: Nadine James     28th November 2018 JSE- and NYSE-listed Gold Fields says the settlement agreement offered to striking workers will expire at 17:00 on Friday, November 30, and warns that no further “sweetener deals” will be introduced should the deadline lapse. In a media briefing on Wednesday, CEO Nick Holland reiterated the... 

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

Sibanye says acts of violence continue at its South African gold mines 

By: Creamer Media Reporter      28th November 2018 JSE- and NYSE-listed Sibanye-Stillwater on Wednesday reported that acts of violence continued to be experienced at its South African gold operations, where a strike by Association of Mineworkers and Construction Union (AMCU) members was under way. “The situation at the Beatrix and Driefontein... 

Gold investors target executives with less skin in the game 

By: Bloomberg     28th November 2018 A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don’t have enough skin in the game. Businesses tend to perform better when top managers have a high ownership-to-pay ratio, according to the inaugural... 

Gold investors target executives with less skin in the game

Minergy's Botswana opencast coal mine project springs to life 

By: Schalk Burger     27th November 2018 The first opencast coal mine in Botswana, Masama, which is located about 70 km outside Gaborone, has sprung to life following the awarding of the mining licence at the end of August. The first soil was dug on September 9. The mine is expected to start selling thermal coal in the first week of... 

Minergy's Botswana opencast coal mine project springs to life

Gold Fields insists South Deep retrenchments are a last resort 

By: Creamer Media Reporter      27th November 2018 JSE- and NYSE-listed Gold Fields says it has acted in “utmost good faith” and insists the currently planned retrenchment of 1 082 employees and 420 contractors at the South Deep mine is a last resort. This follows after the Department of Mineral Resources (DMR) on Monday evening issued a media... 

Gold Fields insists South Deep retrenchments are a last resort

Exxaro grants Tronox option to buy 24% stake 

By: Creamer Media Reporter      27th November 2018 Diversified miner Exxaro Resources has granted NYSE-listed mining and inorganic chemicals company Tronox the option to buy Exxaro's remaining 24% interest in Tronox. Exxaro in 2012 merged its mineral sands operations with those of Tronox. It held about 38.5% of Tronox following the merger but... 

DMR initiates ground stability study in areas affected by illegal mining in Joburg 

By: African News Agency      26th November 2018 The Department of Mineral Resources (DMR) said on Monday that it has initiated a ground stability study in the Johannesburg area with immediate effect. In a statement, the DMR said the study, which will commence shortly through the Council for Geoscience (CGS), aims to assess whether there is any... 

Sibanye says more workers report for duty 

By: African News Agency      26th November 2018 Sibanye-Stillwater said on Monday that attendance at its operations has improved relative to last week, but remains low, as a result of the ongoing strike action by the Association of Mineworkers and Construction Union (AMCU) at its South African gold operations. "The situation remained... 

Rio Tinto sells Namibia uranium mine to China’s CNUC 

By: Esmarie Iannucci     26th November 2018 Global diversified miner Rio Tinto has signed a binding agreement with China National Uranium Corporation (CNUC) to divest of its 68.62% stake in the Rössing uranium mine, in Namibia, for up to $106.5-million. Rio CEO Jean-Sebastian Jacques said on Monday that the transaction represented the... 

Rio Tinto sells Namibia uranium mine to China’s CNUC

New administrations, policies spur optimism for South Africa, Brazil  

By: Nadine James     23rd November 2018 The withdrawal of the Minerals and Petroleum Resources Development Act Amendment Bill, the finalisation of Mining Charter 3 and the investment drive led by President Cyril Ramaphosa, has given the South African mining sector reason to be cautiously optimistic, Herbert Smith Freehills partner... 

Zest WEG Group delivers R200m electrical infrastructure solution at Petra’s Cullinan diamond mine  

By: Martin Creamer     23rd November 2018 A R200-million electrical infrastructure project has been impressively completed at the Cullinan Diamond Mine of the London-listed Petra Diamonds through the combined effort of four Zest WEG Group companies. The companies adopted an integrated solutions approach in providing multiple and diverse... 

Zest WEG Group Integrated Solutions executive Alastair Gerrard
Video on Cullinan Diamond Mine media visit produced by Creamer Media. Camerawork and Editing: Darlene Creamer.
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