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Audio Articles
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
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... →
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... →
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... →
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 –... →
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... →
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
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... →
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... →
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
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... →
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... →
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... →
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... →
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... →
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... →
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.... →
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... →
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... →
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... →
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... →
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
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.... →
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... →
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... →
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
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