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Covid-19 News
Mopani transitions copper operations to care and maintenance 
By: Martin Creamer Updated 1 hour 43 minutes ago Copper mining company Mopani Copper Mines plc said on Tuesday that it had placed its mining operations on care and maintenance and a number of projects on hold. The announcement, the company said, followed a number of meetings with Zambian government ministries to provide an update of its... →
Copperbelt miners turn to Tanzania as South African lockdown hobbles ports
By: Reuters Updated 1 hour 51 minutes ago South Africa's strict coronavirus lockdown has caused miners to divert copper from the country's ports to others in Africa, with Dar es Salaam the clear winner, sources told Reuters. Authorities in South Africa initially said ports would only process essential goods during a three-week nationwide... →
Kogi Iron sees ongoing interest in Nigeria-based cast steel project
By: Simone Liedtke Updated 2 hours 36 minutes ago ASX-listed Kogi Iron is seeing ongoing interest from potential new investors in its Agbaja cast steel project, in Nigeria, where Kogi is starting to see global capital flows to the commodity sector. Owing to the rapid escalation and global impacts of the coronavirus, or Covid-19, Kogi and KCM... →
Covid-19 could unite mining industry around innovative funding – Moshe Capital
By: Marleny Arnoldi Updated 2 hours 44 minutes ago Commodity prices and investment in South African mining will undoubtedly be impacted on by measures taken to curb the spread of coronavirus and the anticipated economic fallout, says advisory firm Moshe Capital founder and CEO Mametja Moshe. South African mining operations, except for essential... →
De Beers contributes $2.5m Covid-19 funding to Botswana, Namibia
By: Martin Creamer Updated 3 hours ago Diamond mining and marketing corporation, the De Beers Group, on Tuesday announced that it would contribute $2 500 000 across Botswana and Namibia to aid the response to the Covid-19 crisis. De Beers Group is a 50/50 joint venture partner with both Botswana and Namibia in the recovery and sorting... →
Gold Fields promoting widespread human welfare during lockdown
By: Martin Creamer Updated 4 hours ago Gold mining company Gold Fields, which has placed its South Deep gold mine in Gauteng on care and maintenance for the 21-day lockdown period, is promoting human welfare funding cross a number of fronts during the Covid-19 crisis. Firstly, South Deep, the Westonaria mine with a 70-year life, will... →
Gold Fields executive VP Martin Preece
Kodal warns shareholders of limited work on Bougouni this year
By: Marleny Arnoldi Updated 5 hours ago As travel restrictions are impacting on Aim-listed Kodal Minerals’ ability to conduct or partake in necessary meetings, the company has advised that it cannot say when its financial and Ministerial review meeting will take place, nor the overall mining licence application process. The company... →
Edenville introduces business continuity programme amid Covid-19
By: Simone Liedtke Updated 5 hours ago Aim-listed Edenville Energy has introduced a business continuity programme to protect its staff, while ensuring the continued and safe operation of the company, in response to the Covid-19 pandemic. The move has resulted in all nonessential travel being cancelled since early March, and all... →
Kazatomprom slashes 2020 uranium guidance
By: Creamer Media Reporter Updated 6 hours ago Kazakhstan’s uranium major, Kazatomprom, on Tuesday announced that its uranium production volumes would decrease by about 4000 t, owing to measures imposed to combat Covid-19. The previous guidance for 2020 was 22 750 t to 22 800 t, on a 100% basis. The reduced production level should not... →
Covid-19 preventing shareholders from attending Anglo AGM
By: Martin Creamer Updated 7 hours ago Shareholders will not be permitted to attend this year’s annual general meeting (AGM) of Anglo American because of Covid-19 restrictions – but they have been invited to submit questions in advance for answering at the AGM. The London- and Johannesburg-listed diversified mining company said in a... →
Atalaya sets copper guidance for 2020
By: Marleny Arnoldi 7th April 2020 A lower average copper price realised for the year ended December 31, 2019, resulted in TSX- and Aim-listed Atalaya Mining generating lower aftertax profit of €31-million, compared with €34-million in the year ended December 31, 2018. The average copper price realised in the year under review... →
Buffalo Coal appoints CEO, CFO
By: Simone Liedtke 7th April 2020 South African coal miner Buffalo Coal has appointed Emma Oosthuizen as its CEO. Oosthuizen has been interim CEO since February 2019 following the resignation of the previous CEO. →
Oil Search looks to raise A$1.1bn
By: Esmarie Iannucci 7th April 2020 Oil and gas major Oil Search is hoping to raise some A$1.1-billion to assist the company in retaining liquidity during the low oil-price environment. The equity raising will consist of an underwritten institutional placement to raise an initial A$760-million, and an accelerated... →
Newcrest establishes Covid-19 fund
By: Esmarie Iannucci 7th April 2020 Gold miner Newcrest Mining has established a A$20-million community support fund to assist host communities during the Covid-19 pandemic. The miner on Tuesday said that a portion of the fund would go towards vaccine research, while around half of the fund will be dedicated to assisting Papua New... →
New Gold brings back Rainy River
By: Creamer Media Reporter 7th April 2020 TSX- and NYSE American-listed New Gold has begun a systematic ramp-up of operations at the Rainy River mine, in Ontario, following the completion of a voluntary 14-day suspension to adhere to provincial and federal Covid-19 guidelines related to out-of-country travel that impacted a significant... →
Freeport-McMoRan workers at New Mexico mine test positive for coronavirus
By: Reuters 7th April 2020 Three employees at a New Mexico mine owned by Freeport-McMoRan, the world's largest publicly traded copper producer, have tested positive for Covid-19, the state's lieutenant governor said on Monday. It was not immediately clear if operations at the mine have been affected. A Freeport... →
Keep calm and carry on (communicating)
By: Creamer Media Reporter 6th April 2020 During the Covid-19 crisis, it is essential for companies to keep on communicating. During the Covid-19 crisis, Creamer Media is offering companies exposure to our readership, who are decision-makers in South African industry and mining. Creamer Media has invited companies and public relations... →
Global GDP to contract 1.9% this year, spark commodity oversupply, says Fitch
By: Simone Liedtke 6th April 2020 Owing to unprecedented lockdown in much of Europe, the US and across the globe, the world is currently experiencing considerably lower economic activity, which in turn significantly reduces commodity consumption, says ratings agency Fitch Ratings. As a result, it expects global gross domestic... →
Gem concludes flexible tender sales process
By: Tasneem Bulbulia 6th April 2020 LSE-listed Gem Diamonds’ second round of the flexible tender sales process has been concluded and raised a further $6.7-million for a selection of large, high-quality diamonds recovered at its Letšeng mine, in Lesotho. The company achieved an average value of $1 615 /ct for the first quarter of... →
Centamin donates to Egypt’s Covid-19 response
By: Tasneem Bulbulia 6th April 2020 Midtier gold producer Centamin, operator of the Sukari gold mine, has committed ten-million Egyptian pounds, equivalent to about $635 000, to support Egypt's response efforts to combat the coronavirus pandemic. As the country's largest mining company, and significant local employer, early action... →
Mintek produces own sanitisers to assist with Covid-19 response
By: Tasneem Bulbulia 6th April 2020 As supply of sanitisers continue to run low owing to high demand, national mineral research organisation Mintek has produced more than 600 ℓ of hand and surface sanitisers to use and distribute to staff. Sanitisers were produced in Mintek's controlled laboratory environment in the Advanced... →
Nevada Copper suspends Pumpkin Hollow production
By: Mariaan Webb 6th April 2020 Copper production has been suspended at the Pumpkin Hollow mine, as a result of stringent travel and workplace restrictions that the US state of Nevada imposed to combat the spread of Covid-19. The suspension of production is expected to last for at least six weeks, owner Nevada Copper, which... →
Healthy 2019 profits, cash generation to help Gemfields through Covid-19
By: Marleny Arnoldi 6th April 2020 JSE- and Aim-listed Gemfields delivered record group revenue and a healthy growth in operating profit in the year ended December 31, 2019; however, the fallout from Covid-19 is expected to have an adverse impact on the company’s operating and financial performance this year. “Widespread travel... →
Pembridge reduces economic interest in Minto
By: Simone Liedtke 6th April 2020 LSE-listed Pembridge Resources is set to restructure the share ownership of its Minto copper mine, in Canada. In light of the current financial market conditions owing to the outbreak of Covid-19 globally, and the potential for material cash calls on Pembridge, the company, with other Minto... →
Antofagasta suspends contractor agreements for 120 days
By: Mariaan Webb 6th April 2020 Chilean miner Antofagasta Minerals has suspended contracts with most companies building its Los Pelambres expansion project for up to 120 days, but has stressed that this does not imply that contracts will be terminated. The London-listed company last week confirmed that its Los Pelambres... →
Minister finds Covid-19 compliant mines but also laggards
By: Martin Creamer 6th April 2020 As calls go out for mining to resume on April 17 or face serious setback, Mineral Resources and Energy Minister Gwede Mantashe has found excellent Covid-19 compliance by some coal mines that have been allowed to stay open to supply coal to Eskom – but inadequate response to directives by others.... →
Mineral Resources and Energy Minister Gwede Mantashe
Pogo employee tested positive for Covid-19
By: Esmarie Iannucci 6th April 2020 An employee at gold miner Northern Star Resources’ Pogo mine, in Alaska, has tested positive for Covid-19 while at home on rostered leave. The miner said that the employee, who lives in Fairbanks, tested positive for the virus four days after completing his 12-day roster at the mine site. →
Origin cuts APLNG cots for 2021
By: Esmarie Iannucci 6th April 2020 Energy major Origin Energy has announced plans to cut between A$300-million to A$400-million in upstream capital expenditure at the Australia Pacific liquefied natural gas (APLNG) project for 2021. The reduction will be driven by reduced development activity as well as lower exploration and... →
Barrick progressing towards modern miner goal
By: Simone Liedtke 6th April 2020 Following its merger with Randgold Resources, NYSE- and TSX-listed Barrick Gold has made progress towards its goal of being a modern mining business, according to executive chairperson John Thornton in the company’s information circular for 2020 published on April 6. The circular follows the... →
Eurasian Resources execs take 30% pay cut in support of Covid-19 measures
By: Marleny Arnoldi 6th April 2020 Global diversified miner Eurasian Resources Group (ERG) CEO Benedikt Sobotka and first deputy CEO Aldiyar Kaztayev have offered to take a 30% cut in their salaries for 12 months, owing to the unprecedented challenges that the world is facing as a result of Covid-19. The company is confident... →
Vale launches $1m Covid-19 challenge in Canada and Brazil
By: Creamer Media Reporter 6th April 2020 Global diversified major Vale is joining the fight against coronavirus by launching the Vale Covid-19 Challenge, offering up to $1-million to propel innovative solutions into the marketplace. The challenge is open in Canada and Brazil with each selected solution eligible to receive up to $200... →
Peninsula stops work at Wyoming uranium project
By: Esmarie Iannucci 6th April 2020 Uranium developer Peninsula Energy has suspended all non-essential site activities at its Lance uranium project, in Wyoming, amid the Covid-19 pandemic. “The Covid-19 pandemic has lead to considerable global uncertainty and equity market volatility. However, we are committed to both carrying the... →
Rio relocates 700 miners with 'specialist skills' to Western Australia
By: Esmarie Iannucci 6th April 2020 Mining major Rio Tinto has relocated more than 700 of its staff with "specialist skills" to Perth from interstate as the Western Australian government put in place a hard border. Premier Mark McGowan last week announced that while interstate fly-in, fly-out workers would be allowed into the... →
Alphamin expresses concern about a dwindling tin price
By: Marleny Arnoldi 3rd April 2020 JSE- and TSX-V-listed Alphamin Resources produced 2 119 t of contained tin in the quarter ended March 31. This was at the mid-point of its guidance range and compares with the 2 235 t of contained tin produced in the quarter ended December 31, 2019. →
Strong exploration activity in Canada serves for a bit of good news
By: Marleny Arnoldi 3rd April 2020 Amid a surge of bad news for businesses and societies globally, explosives manufacturer BME is nonetheless excited about the exploration landscape for mining in Canada. The company launched its BME Mining Canada last year, which is a joint venture with Consbec – the largest civils drill and... →
M&R outlines evolving impact of Covid-19 disruptions to its projects
By: Marleny Arnoldi 3rd April 2020 JSE-listed Murray & Roberts (M&R) has noted the evolving impact of Covid-19 on its active projects in Australasia, the Americas and sub-Saharan Africa. The Oyu Tolgoi project in Mongolia, which the company’s Oil & Gas and Underground Mining platforms run in joint venture with a third partner,... →
ARM’s iron-ore mines allowed to continue loading from stockpile
By: Marleny Arnoldi 3rd April 2020 JSE-listed diversified miner African Rainbow Minerals (ARM) advises shareholders that its joint venture subsidiary, Assmang, has been granted permission from Mineral Resources and Energy Minister Gwede Mantashe to operate its iron-ore load-out stations. The Khumani and Beeshoek mines are... →
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