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Audio Articles

Electric vehicle revolution goes underground with mining trucks  

By: Bloomberg     14th November 2018 Electric vehicles are reaching global markets far and wide – and deep. Swedish mining equipment maker Epiroc is launching a new range for use underground. The manufacturer on Wednesday unveiled what it said is the largest battery-powered vehicle for below the Earth’s surface: a 42 ton-capacity... 

Hydrogen economy, PGM-based tech offers decarbonised alternative for energy system – Amplats 

By: Simone Liedtke     13th November 2018 With the world’s current energy system reliant on carbon-intensive fossil and other fuels, with the associated negative impact on climate change and global warming, Anglo American Platinum (Amplats) believes there is a decarbonised alternative in the form of the hydrogen economy and platinum... 

Wescoal reports strong interim results  

By: Tasneem Bulbulia     13th November 2018 JSE-listed coal miner, trader and supplier, Wescoal has achieved solid results for the six months ended September 30, with headline earnings a share up 16% year-on-year, at 23.5c. Revenue increased by 28% year-on-year to R2.1-billion, while cash generation increased by 41% to R291-million, which... 

Wescoal CEO Waheed Sulaiman
Photo by Christo Greyling
Wescoal CEO Waheed Sulaiman

De Beers is said to make big cuts in low-end diamond prices 

By: Bloomberg     12th November 2018 De Beers made steep cuts in the prices of low-quality stones at its sale this week, according to people familiar with the situation. The world’s biggest producer reduced prices as much as 10% for low-quality stones, said the people, who asked not to be identified because the sales are private.... 

De Beers is said to make big cuts in low-end diamond prices

Resgen to accelerate discussions with alternative funder 

By: Simone Liedtke     12th November 2018 ASX- and JSE-listed Resource Generation (Resgen) has agreed to accelerate discussions with the facilitator of alternative funding being sourced from a third party as a substitute or as a complementary participant in its lender syndicate. This is owing to a short delay having arisen in scheduling... 

Eskom warns of power cuts due to low coal stockpiles 

By: Reuters     12th November 2018 Cash-strapped power utility Eskom said on Monday the risk of nation-wide electricity outages had increased significantly due to a sharp fall in coal stockpiles at five of its power stations. "The risk of load-shedding is there and its rising," said Eskom spokesperson Khulu Phasiwe. 

Eskom warns of power cuts due to low coal stockpiles

Universal completes third colliery buy  

By: Esmarie Iannucci     12th November 2018 South Africa focused Universal Coal has completed the A$8.9-million acquisition of the North Block Complex from South Africa’s Exxaro Coal. The North Block Complex is an opencast operation located in proximity to South African State-owned utility Eskom’s Arnot, Tutuka and Komati power stations.... 

Universal completes third colliery buy

Tribunal to hold Sibanye, Lonmin merger hearing next week 

By: Simone Liedtke     9th November 2018 The Competition Tribunal will, from November 12 to 14, hear several submissions from parties affected by the proposed merger between precious metals miner Sibanye-Stillwater and platinum group metals (PGMs) miner Lonmin. The Competition Commission, which assesses large mergers prior to referring... 

Gold Fields lowers South Deep’s FY production forecast 

By: Simone Liedtke     9th November 2018 Dual-listed Gold Fields has lowered its production guidance for the South Deep mine, in South Africa, for the full year to 154 000 oz, from the previously anticipated 244 000 oz target. The deep-level mine, which is Gold Fields’ only remaining South African operation, has long been faced with... 

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

Govt’s R20bn exploration boost lauded, but more needs to be done 

By: Paige Müller     9th November 2018 Amid reports that South Africa is attracting less than 1% of the global share of exploration spend, Mineral Resources Minister Gwede Mantashe has dedicated a national investment of R20-billion to an integrated multi-disciplinary mapping programme to boost global investment in local exploration.... 

Govt’s R20bn exploration boost lauded, but more needs to be done

WGC launches gold data, analytics and research platform 

By: Tasneem Bulbulia     8th November 2018 The World Gold Council (WGC) on Thursday launched Goldhub, a source of data, insights and analytical tools to help investors understand gold’s value as a strategic asset. Goldhub will provide investors with a range of data that is necessary when making informed decisions in relation to gold... 

Mining, metals industry anticipated to see spike in M&A activity in 2019

By: Marleny Arnoldi     8th November 2018 Global mining and metals deal appetite remained subdued in the third quarter amid ongoing geopolitical uncertainty, advisory firm EY notes in its latest ‘Mergers, Acquisitions and Capital Raising’ report. However, EY’s global capital confidence barometer (CCB) survey indicated the sector could... 

Mining, metals industry anticipated to see spike in M&A activity in 2019

Mining production down 1.8% y/y in September, led by lower gold output 

By: Marleny Arnoldi     8th November 2018 Mining production decreased by 1.8% year-on-year in September, with the largest negative contributor being gold production with a decline of 19% and contributing -3.1 percentage points. The largest positive contributor was platinum-group metals (PGMs), which had a 7.2% production increase,... 

Mining production down 1.8% y/y in September, led by lower gold output

Anglo finds returns outweigh risks as it renews Africa focus 

By: Bloomberg     7th November 2018 Anglo American is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns. The storied mining company, founded by Ernest Oppenheimer in Johannesburg a century ago, is devoting a third of its exploration budget to the continent,... 

Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani

MC Mining secures more funding for Uitkomst 

By: Esmarie Iannucci     7th November 2018 South Africa-focused coal miner MC Mining has secured a R20-million facility from South African financial services provider ABSA Bank for its Uitkomst Colliery, to fund a potential expansion of operations. Uitkomst transitioned to an owner-operated mine in August this year, with the acquisition... 

MC Mining CEO David Brown
Photo by Dylan Slater
MC Mining CEO David Brown

Glencore's radioactive news may help give cobalt its buzz back  

By: Bloomberg     7th November 2018 Glencore’s sudden discovery that some of its cobalt is radioactive couldn’t come at a better time. After a surge in prices last year, enthusiasm for cobalt has been fading, partly because of a surge in new supply. But sentiment could be changing after Glencore’s unit in the Democratic Republic of... 

Glencore's radioactive news may help give cobalt its buzz back

Randgold/Barrick merger giving gold mining investment new attraction 

By: Martin Creamer     6th November 2018 During gold mining’s years of prosperity, the industry was able to harvest and feed off itself. But in recent years, it has lost $100-billion worth of value, with increasing revenue streams being consumed by lower reserve grade. 

Randgold Resources CEO Mark Bristow
Photo by Bloomberg
Randgold Resources CEO Mark Bristow

Moab Khotsong, Hidden Valley lift Harmony’s Q1 output by 30% y/y 

By: Simone Liedtke     6th November 2018 Precious metals miner Harmony Gold’s production increased by 30% to 378 510 oz of gold in its first fiscal quarter ended September 30, compared with the 290 644 oz produced in the first quarter of the prior financial year. The boost in the group’s production and cash flow generation, CEO Peter... 

Barrick chairperson says miner eyes nimble future after Randgold deal 

By: Reuters     6th November 2018 If all goes according to plan, Barrick Gold will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources, the Canadian miner's executive chairman said on Monday, as its investors approved the deal. Votes were 99.8% in favor of the $6.1-billion, no-premium... 

Barrick chairperson John Thornton
Photo by Bloomberg
Barrick chairperson John Thornton

Anglo American recommits to sustainable development goals, sets milestones for 2020, 2030  

By: Simone Liedtke     5th November 2018 The mining industry has to address the critical challenges of safety, productivity and the way land is used, as well as how energy and water are consumed as, alongside a growing population, there is greater demand for minerals and metals. However, meeting the growing demand for the materials that... 

Anglo American South Africa executive head Andile Sangqu
Anglo American South Africa executive head Andile Sangqu speaks to Mining Weekly Online about the miner's Sustainable Development Goals, and what it hopes to achieve with these. Video and Editing: Nicholas Boyd

Master Drilling diversifies, expands through new JV in Italy  

By: Marleny Arnoldi     5th November 2018 JSE-listed Master Drilling has entered into a joint venture (JV) with Italian construction company Ghella, to establish a new Italy-based company called TunnelPro. TunnelPro will pursue tunnel boring projects in the smaller scope civil construction and broader mining industries, while also... 

Commitments for continued spending in South Africa – AngloGold  

By: Martin Creamer     5th November 2018 There are commitments for continued spending in South Africa next year related to the Phase 2 development of the Mponeng gold mine, new AngloGold Ashanti CEO Kelvin Dushnisky told Mining Weekly Online on Monday. The proposed Phase 2 expansion of the Mponeng mine in Gauteng involves deepening the... 

AngloGold Ashanti CEO Kelvin Dushnisky
Photo by Bloomberg
AngloGold Ashanti CEO Kelvin Dushnisky

Canyon opens Bronkhorstspruit mine 

By: Marleny Arnoldi     2nd November 2018 Mineral Resources Minister Gwede Mantashe on Friday officiated at the opening of coal miner Canyon Coal’s new Khanye mine, in Bronkhorstspruit, Gauteng. Khanye has a 39-million-tonne coal reserve and is expected to produce 2.8-million tonnes a year of coal over a 16-year mine life. 

Canyon opens Bronkhorstspruit mine

Sibanye-Stillwater’s US operations in the midst of major growth phase 

By: Simone Liedtke     2nd November 2018 Sibanye-Stillwater’s Blitz project development area, which is adjacent to its Stillwater mine, in Montana, in the US, is in the midst of a significant growth phase, says executive VP for the US region Chris Bateman. He told the media in a conference call this week that the expanded Stillwater... 

Sibanye-Stillwater’s US operations in the midst of major growth phase

Goldplat shares fall on lower Q1 output, sales 

By: Creamer Media Reporter      2nd November 2018 The share price of Aim-listed Goldplat fell by more than 20% on Friday after the company announced a 40% year-on-year decrease in its production to 6 138 oz for the quarter ended September 30. This compares with the 10 277 oz produced in the quarter ended September 30, 2017. 

Amplats takes all of Mototolo 

By: Martin Creamer     1st November 2018 Platinum group metals (PGMs) mining company Anglo American Platinum (Amplats) said on Thursday that it had completed acquisition of the Mototolo joint venture (JV), which has become a wholly owned asset of the company. The Johannesburg Stock Exchange-listed Amplats, which was a 50% JV partner,... 

Anglo American Platinum CEO Chris Griffith
Photo by Creamer Media
Anglo American Platinum CEO Chris Griffith

Ongoing interventions improve Sibanye-Stillwater safety 

By: Martin Creamer     1st November 2018 The safety performance of precious-metals mining company Sibanye-Stillwater improved markedly in the three months ended September 30 owing to ongoing safety interventions gaining traction at all operations, the company said on Thursday. The tragic safety incidents in the first half of the year,... 

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

NUM members to strike as Gold Fields confirms retrenchment of 1 100 South Deep employees  

By: Schalk Burger     1st November 2018 JSE-listed gold miner Gold Fields on Thursday announced that it had received a notice from the National Union of Mineworkers (NUM) of the union’s intention to embark on a protected strike at its South Deep operation, in Johannesburg, to protest against planned retrenchments at the mine. The... 

Zimplats profit rises on higher 4E output 

By: Marleny Arnoldi     31st October 2018 Impala Platinum (Implats) subsidiary Zimplats has reported a 4% increase in platinum, palladium, rhodium and gold (4E) tonnes mined to 1.6-million tonnes and a 6% increase in tonnes milled to 1.67-million for the quarter ended September 30. This compares with the 1.8-million tonnes of ore mined... 

Implats in talks with potential 1 Shaft buyers, as restructuring proceeds 

By: Simone Liedtke     31st October 2018 Platinum miner Impala Platinum (Implats) achieved the highest first-quarter mill tonnage at its Impala Rustenburg operations since the 2013 financial year, during the quarter ended September 30. Tonnes milled at Impala Rustenburg increased by 5.6% year-on-year to 3.15-million tonnes in the first... 

Growth stock tag possible from Far West surface project –­ DRDGold 

By: Martin Creamer     31st October 2018 When it comes to the gold sector, recovering the precious metal from dumps on surface beats pursuing it in deep, dark and dangerous underground mines. The local gold industry has put many feelers out to access gold on surface and one of the most exciting projects under way is Far West Gold... 

DRDGold will upgrade this Driefontein 2 plant as part of Phase 1.
DRDGold will upgrade this Driefontein 2 plant as part of Phase 1.

South African competition authorities consider proposed Barrick, Randgold merger  

By: Tasneem Bulbulia     30th October 2018 South Africa’s Competition Tribunal will, on Wednesday, consider the proposed merger between TSX- and NYSE-listed Barrick Gold and LSE-listed Randgold Resources. The gold miners announced in September that Barrick plans to acquire Randgold in an $18.3-billion share deal. If the buyout is... 

Rio CEO says mining industry has to reinvent itself 

By: Esmarie Iannucci     30th October 2018 Diversified miner Rio Tinto has called for a reinvention of the resources industry, in order to fit into a modern world. Speaking at the International Mining and Resources Conference (IMARC) in Melbourne, Rio CEO Jean-Sebastian Jacques said on Tuesday that the resource industry’s vision had to be... 

Rio Tinto CEO Jean-Sebastian Jacques
Rio Tinto CEO Jean-Sebastian Jacques

GM cautious on switch to platinum even as palladium price soars  

By: Bloomberg     30th October 2018 Palladium’s surge to a record has intensified talk among analysts that carmakers will look to replace it with cheaper platinum for use in pollution-control devices. The auto industry’s answer: Not so fast. Palladium, mainly used to control smog from gasoline engines, is trading near the highest... 

MC Mining secures first Makhado coking coal offtake agreement 

By: Simone Liedtke     29th October 2018 Coal exploration, development and mining company MC Mining has signed the first coal offtake agreement for hard coking coal (HCC) to be produced at its Makhado hard coking and thermal coal project, in Limpopo. The agreement was entered into between MC Mining subsidiary Baobab Mining & Exploration... 

MC Mining CEO David Brown
Photo by Dylan Slater
MC Mining CEO David Brown

AngloGold Ashanti awards $375m Obuasi contract  

By: Esmarie Iannucci     29th October 2018 Gold miner AngloGold Ashanti has awarded a joint venture (JV) between ASX-listed Ausdrill and Barminco Holdings a $375-million mining services contract at the Obuasi project, in Ghana. A previously published feasibility study on Obuasi found a 5.8-million-ounce ore reserve and 34-million-ounce... 

Rio Tinto says $1.3bn Simandou sale lapses 

By: Esmarie Iannucci     29th October 2018 Diversified miner Rio Tinto on Monday reported that the 2016 non-binding heads of agreement with Chinalco over the sale of its interest in the Simandou iron-ore project, in Guinea, had lapsed. Under the initial agreement, Rio would have received between $1.1-bilion and $1.3-billion for its 45.05... 

Glencore reports higher Q3 copper, cobalt output on Katanga restart 

By: Marleny Arnoldi     26th October 2018 Global diversified miner Glencore, which is led by CEO Ivan Glasenberg, produced 1.06-million tonnes of copper in the third quarter ended September 30 – a 12% year-on-year improvement. Additionally, the company produced 28 500 t of cobalt, which is 44% higher than that produced in the third... 

Glencore CEO Ivan Glasenberg
Photo by Creamer Media
Glencore CEO Ivan Glasenberg
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