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Covid-19 News

DRDGold's livelihoods initiative attracts 8 000-plus direct participants  

By: Martin Creamer     31st August 2022 The livelihoods initiative introduced by surface gold mining company DRDGold has to date attracted more than 8 000 direct participants at a time when boosting jobs and livelihoods in South Africa has never been more important The broad-based livelihoods (BBL) programme of the Johannesburg- and... 

Sibanye-Stillwater declares R3.9bn half-year dividend

By: Martin Creamer     25th August 2022 Precious metals and green metals company Sibanye-Stillwater on Thursday declared a cash dividend of R3.9-billion for the six months to June 30. The Johannesburg- and New York-listed company, headed by CEO Neal Froneman, reported a half-year profit R12.3-billion, the third highest six-month period... 

Sibanye-Stillwater's Kroondal platinum group metals mine.
Sibanye-Stillwater's Kroondal platinum group metals mine.

DRDGold's 15th consecutive financial year of dividend paying 

By: Martin Creamer     24th August 2022 Surface gold mining company DRDGold on Wednesday announced its fifteenth consecutive financial year of dividend paying. For the year ended June 30, the Johannesburg- and New York-listed company, headed by CEO Niël Pretorius, declared a final dividend of 40c a share, totaling a distribution of 60c... 

DRDGold CEO Niël Pretorius.
Photo by Creamer Media
DRDGold CEO Niël Pretorius.

Anglo’s Pearce decries Queensland’s dramatic increase in royalty rates  

By: Martin Creamer     29th July 2022 The percentage that Australia’s Queensland government will take from Anglo American in 2023 is set to rise from 48% to 59% at current prices, owing to Queensland dramatically increasing its royalty rates without consultation. Anglo American finance director Stephen Pearce decried this as having a... 

Anglo American finance director Stephen Pearce.
Anglo American results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore’s ferrochrome production up on consistent smelter performance 

By: Martin Creamer     29th July 2022 Ferrochrome production, which is South Africa-based, rose 2% in the six months to June 30, reflecting consistent smelter performance, Glencore reported on Friday. Attributable ferrochrome production of 786 000 t was 13 000 t higher than in the first half of last year amid overall production being... 

Glencore CEO Gary Nagle
Photo by Creamer Media
Glencore CEO Gary Nagle

Bushveld positioned to generate decent cash flows on back of unit cost improvement   

By: Martin Creamer     8th July 2022 Bushveld Minerals CEO Fortune Mojapelo on Friday described the London Aim-listed company that he leads as heading into a future that will be requiring a lot more vanadium for steel and energy. To meet emerging demand, Bushveld has positioned itself for broad-based involvement through its... 

Bushveld Minerals CEO Fortune Mojapelo
Bushveld Minerals CEO Fortune Mojapelo interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Southern Palladium, Steenkampskraal, Rocsole, Kal Tire make headlines   

10th June 2022 Mining Weekly Editor Martin Creamer unpacks Southern Palladium's listing on the JSE; Steenkampskraal's rare earths development; and Rocsole stressing the need for increased efficiency to cut carbon emissions and Kal Tire tackling mine tyre waste through the circular economy approach.   

Photo of Martin Creamer
Southern Palladium, Steenkampskraal, Rocsole, Kal Tire make headlines

Covid and weather hit New Hope output

By: Esmarie Iannucci     26th May 2022 Coal miner New Hope lost some 20 354 working hours during the three months to April, owing to severe weather conditions and Covid-related labour shortages at its 80%-held Bengalla operations, in New South Wales. New Hope on Thursday reported that coal production during the three months to April... 

Platinum jewellery continuing to drive 25% of platinum demand  

By: Martin Creamer     20th May 2022 Several reports published during Platinum Week indicate that in 2021, platinum jewellery consumed anywhere between 1.6-million ounces to two-million ounces of platinum, which makes it still the second demand source after automotive, coming in at around 25% of total platinum demand. Positive... 

Picture supplied.
Platinum Guild International CEO Huw Daniel interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Things looking interesting for platinum despite surplus  

By: Martin Creamer     16th May 2022 What the World Platinum Investment Council (WPIC) is forecasting for 2022 is a reduced but still large platinum surplus of 627 000 oz. But this surplus is extremely vulnerable to the issues the WPIC thinks may play out, particularly: 

Picture supplied
World Platinum Investment Council Research Director interviewed by Mining Weekly's Martin Creamer. Video Darlene Creamer.

South Africa keen to harness hydrogen economy opportunities, President Ramaphosa tells Indaba  

By: Martin Creamer     10th May 2022 It was just amazing to see the innovation that the mining industry is capable of scaling up, President Cyril Ramaphosa told the Investing in African Mining Indaba in his enthusiastic address on Tuesday. “Last week, I attended the launch by Anglo American of the world’s largest hydrogen-powered... 

Creamer Media picture taken of screen
Photo by Creamer Media
President Cyril Ramaphosa at the Investing in African Mining Indaba.

World Coal Association favours just energy transition to net zero future  

By: Martin Creamer     5th May 2022 The World Coal Association, and its member companies, are in favour of a just transition to a net zero future, World Coal Association chairperson July Ndlovu said on Thursday. In his keynote address to the Southern African Coal Conference, Ndlovu emphasised the sincerity of the association’s... 

Creamer Media photograph
Photo by Creamer Media
World Coal Association chairperson July Ndlovu

Implats reports 6% lower refined production amid challenging operating landscape 

By: Martin Creamer     29th April 2022 The gross refined production of platinum group metals (PGM) mining company Implats declined by 6% to 2.35-million ounces in the nine months to March 31, when sales volumes of 2.38-million ounces were 4% lower than the prior comparable period. “The operating landscape continues to be challenging,”... 

Picture supplied.
Implats CEO Nico Muller

Glencore guides higher full-year ferrochrome output with coal marking time 

By: Martin Creamer     28th April 2022 Diversified mining and marketing company Glencore is guiding 3% higher ferrochrome performance for the whole of this year, with no change to its coal production guidance. Full-year guidance for nickel is also up by the same three percentage points but full-year 2022 zinc guidance has been reduced... 

Picture supplied.
Gary Nagle

President Ramaphosa to deliver keynote address at Mining Indaba 2022

By: Martin Creamer     20th April 2022 President Cyril Ramaphosa will deliver a keynote address at the 2022 Investing in African Mining Indaba, which takes place in Cape Town from May 9 to 12. The attendance of Ramaphosa, who will speak on Tuesday, May 10, signals the continued importance of mining to the South African economy as a... 

Picture supplied.
President Cyril Ramaphosa.

Metalicity extends takeover time for Nex Metals

By: Esmarie Iannucci     14th April 2022 ASX-listed Metalicity has extended its takeover offer period for fellow listed Nex Metals Explorations from April 14 until the end of business on May 4. Metalicity’s offer to Nex Metals shareholders is 4.81 Metalicity ordinary shares for every Nex Metals share on issue, valuing Nex Metals equity... 

Minerals Council ending century-long relationship with Johannesburg CBD

By: Martin Creamer     4th April 2022 Minerals Council South Africa has begun a new era by moving into modern premises in Rosebank, Johannesburg, and closing a century-long chapter in Johannesburg’s central business district (CBD). The historic Minerals Council building, on Hollard Street– which was constructed in 1921 – will be sold. 

Creamer Media picture.
Photo by Creamer Media
Historic Minerals Council building, on Hollard Street.

Growth outcomes inform approach to dividends ­as Northam digs in on RBPlat deal

By: Martin Creamer     31st March 2022 Growth outcomes will inform Northam Platinum’s approach to dividends, the platinum group metals (PGMs) company stated in reporting 60%-higher half-year headline earnings a share. Northam highlighted that it still had an option to acquire a further 3.29% in Royal Bafokeng Platinum (RBPlat), which... 

Creamer Media picture.
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Green hydrogen energy supply to local communities envisaged by Anglo 

By: Martin Creamer     28th March 2022 The green hydrogen footprint being developed by Anglo American could be extended to provide low-cost and efficient energy to local communities. Anglo, which is advancing towards using green hydrogen to replace diesel in the huge haul truck it is building at Anglo American Platinum’s Mogalakwena... 

Creamer Media picture taken at South Africa Investment Conference
Photo by Creamer Media's Donna Slater
Anglo American CEO Mark Cutifani.

Simberi gets new outlook as Covid cases drop

By: Esmarie Iannucci     28th March 2022 Gold miner St Barbara has set a production target of between 25 000 oz and 30 000 oz for its Simberi operations, in Papua New Guinea, for 2022, saying the Covid-19 outbreak at the site was now under control. The ASX-listed St Barbara in February withdrew its production guidance for the... 

Cash-flush ferrochrome producer Merafe declares dividend on record profit

By: Martin Creamer     22nd March 2022 The year 2021 was a year of recovery for the Glencore Merafe Pooling and Sharing Venture, both from a financial and operational perspective. JSE-listed Merafe, headed by CEO Zanele Matlala, reported on Tuesday that Improved economic activity had contributed to robust demand for ferrochrome,... 

Creamer Media picture
Photo by Creamer Media
Merafe Resources CEO Zanele Matlala

Parliaments must act swiftly to reduce climate change – Mapisa-Nqakula  

By: Martin Creamer     22nd March 2022 National Assembly speaker Nosiviwe Mapisa-Nqakula on Monday urged heads of the world's Parliaments gathering at the 144th plenary assembly of the Inter-Parliamentary Union to undertake all necessary efforts to deal with climate change through oversight and the constitutional powers of the... 

South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula
South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula

Covid forces changes to Mt Peake plans

By: Esmarie Iannucci     18th March 2022 ASX-listed TNG has reached an agreement with ts long-term strategic engineering partner, German- based metallurgical engineering firm SMS group over a revised project execution strategy for the Mount Peake vanadium/titanium/iron project, in the Northern Territory. TNG last year took the... 

Metals sector urged to seize South Africa’s beckoning Steel Master Plan opportunity  

By: Martin Creamer     16th March 2022 South Africa’s historic metals sector employer organisation on Wednesday urged all the sector’s employer bodies to roll up their sleeves on May 19 and 20 and get their teeth into the Steel Master Plan, which is seen to have promising reindustrialisation elements. President Cyril Ramaphosa... 

Picture supplied
Seifsa CEO Lucio Trentini interviewed by Engineering News & Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Platinum surplus forecast to reduce significantly  

By: Martin Creamer     9th March 2022 The platinum surplus in 2021 is forecast to reduce by 47% in 2022 as Covid-related and operational disruptions gradually settle, the World Platinum Investment Council (WPIC) states in its Platinum Quarterly. Covering the fourth quarter of 2021, along with a full year review of 2021 and revised... 

World Platinum Investment Council Director of Research Trevor Raymond
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Royal Bafokeng Platinum delivers record production, best-ever earnings

By: Martin Creamer     8th March 2022 Platinum group metals company Royal Bafokeng Platinum (RBPlat) on Tuesday delivered record production and earnings in the 12 months ended December 31. The RBPlat board has declared a gross cash final dividend of 535 c per share, equating to R1.5 billion. This is in addition to the interim... 

Creamer Media picture
Photo by Creamer Media
Royal Bafokeng Platinum CEO Steve Phiri

Decarbonisation standing out as key metals/mining value driver – Wood Mackenzie  

By: Martin Creamer     4th March 2022 As pressure mounts for the world to align meaningfully with the 1.5 °C global temperature rise scenario, decarbonisation is standing out as a key driver of metals and mining value. “This has strengthened our view that the mining industry now has a clear pathway towards long-term transformative... 

Creamer Media screenshot taken during webinar.
Wood Mackenzie future facing mined commodities forum covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sibanye-Stillwater delivers another record performance with highest-ever dividend

By: Martin Creamer     3rd March 2022 Precious metals mining company Sibanye-Stillwater in 2021 delivered another record financial performance, with revenue of R172.2-billion and adjusted earnings before interest taxation depreciation and amortisation (Ebitda) of R68.6-billion. Revenue was 35% higher than for 2020 and Ebitda 39%... 

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

ESG slowing down as energy transition highlights mining as indispensable – RMF  

By: Martin Creamer     2nd March 2022 The energy transition is highlighting mining as an indispensable industry, said Responsible Mining Foundation (RMF) CEO Hélène Piaget in opening a webinar on 'Responsible Mining Index (RMI) Report 2022', which reports a slowdown in economic, environmental, social and governance (ESG). “Yet there... 

Creamer Media screenshot.
Responsible Mining Foundation report covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Debt-free Implats generates R15bn free cash, declares dividend, advances projects

By: Martin Creamer     1st March 2022 Platinum group metals (PGM) mining and marketing company Impala Platinum Holdings (Implats) on Tuesday delivered robust earnings and free cash flow generation for its half year ended December 31, despite the retracement in rand PGM pricing from recent highs and a decline in sales volumes.... 

Picture supplied
Photo by Implats
Impala Refinery in Springs

Harmony Gold's profit plunges, interim dividend declared

By: Martin Creamer     28th February 2022 The net profit of gold mining company Harmony Gold plunged 69% to R1.4-billion from R4.6-billion in the six months to December 31, and an interim dividend has been declared out of income reserves. Revenue increased by 2% to R22-billion from R21.6-billion and  the operating free cash flow margin... 

Creamer Media picture
Photo by Creamer Media
Harmony Gold CEO Peter Steenkamp

Great to see such healthy demand for this great industry – De Beers  

By: Martin Creamer     24th February 2022 It's great to see such a healthy demand for this great industry, De Beers Group CFO Sarah Kuijlaars said after posting a set of stunning financial results for the world’s leading diamond company by value. Underlying 2021 earnings before tax, depreciation and amortisation soared to $1 100-million... 

Supplied picture
De Beers Group CFO Sarah Kuijlaars interviewed by Mining Weekly's Martin Creamer.

Platinum group metals may also play role in batteries – Anglo American Platinum  

By: Martin Creamer     23rd February 2022 The unique properties of platinum group metals (PGMs) may also play a role in batteries, says Anglo American Platinum (Amplats) CEO Natascha Viljoen. Speaking to Mining Weekly in a Zoom interview, Viljoen highlighted how PGMs are poised to play a role, no matter the direction in which the energy... 

Creamer Media screenshot taken during presenttion of financial results.
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kumba shares R89bn of value created in 2021 with stakeholders  

By: Martin Creamer     22nd February 2022 South Africa’s biggest iron-ore producers and marketer, Kumba Iron Ore, has shared R89-billion of the value it created in 2021 with its stakeholders, with more than R21-billion going to the government in tax revenues and mineral royalties. The Johannesburg-listed Anglo American group company... 

Creamer Media screenshot taken during presentation.
Kumba Iron Ore 2021 results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Cash-flush Kumba Iron Ore reports record earnings in exceptional year of delivery

By: Martin Creamer     22nd February 2022 Iron-ore mining and marketing company Kumba Iron Ore delivered record earnings of R64.6-billion in 2021, when it accumulated 47%-higher attributable free cash flow of R30.5 billion. The average realised export price of $161/t was 18% above benchmark helped the company to achieve a 63% earnings... 

Picture supplied
Kumba Iron Ore CEO Mpumi Zikalala

St Barbara withdraws guidance as Covid rages

By: Esmarie Iannucci     18th February 2022 Gold producer St Barbara on Friday withdrew its production guidance for 2022, as a Covid-19 outbreak at its Simberi operations, in Papua New Guinea (PNG), resulted in production difficulties. The ASX-listed miner told shareholders that infection rates across the Tabar Island group have increased... 

South32 reports stellar first half, advances work at Hermosa

By: Esmarie Iannucci     17th February 2022 Diversified miner South32 has reported a 1 847% increase in profits after tax for the half-year ended December, along with record operating margins. Profits after tax for the first half of 2022 reached $1.03-billion, up from the $53-million reported in the first half of 2021, with underlying... 

Image shows South32 Graham Kerr at a podium
South32 CEO Graham Kerr
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