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Covid-19 News

Harmony Gold, Pan African, platinum make headlines 

17th September 2020 Mining Weekly Editor Martin Creamer unpacks the integration of Mponeng and Mine Waste Solutions surface gold recovery operation into Harmony Gold, Pan African's results and platinum possibly on its way into battery electric vehicles as a battery metal. 

Solar to provide most of gold plants’ daytime power – Pan African  

By: Martin Creamer     16th September 2020 The 10 MW solar electricity plant that Pan African Resources will construct on site at its Elikhulu gold-from-tailings plant next year at a cost of R150-million will take care of most of Elikhulu’s daytime power requirements. This is the first phase of solar power generation at Evander. Pan... 

Pan African's Cobus Loots and Deon Louw during question time at online results conference.
Pan African Resources results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Platinum jewellery showing signs of resilience post-pandemic, says WPIC

By: Simone Liedtke     16th September 2020 The platinum jewellery market is showing signs of resilience in the wake of the Covid-19 pandemic, supported by new research into consumer sentiment, says the World Platinum Investment Council (WPIC). In a newsletter by the council, published on September 16, it notes that jewellery is the... 

Pan African proposes record final dividend as headline earnings surge 

By: Martin Creamer     16th September 2020 Gold mining company Pan African on Wednesday proposed a record final dividend after headline earnings surged 93% and net cash generated by operating activities rose by 42%. Mining Weekly can report that, in the 12 months to June 30, gold produced by the London-, Johannesburg- and New York-listed... 

Pan African CEO Cobus Loots
Photo by Creamer Media
Pan African CEO Cobus Loots

Resources Watch  

16th September 2020 This week: Platinum has potential to be three-times-bigger $35bn-a-year industry Data key to long-term optimization And, prize potentially large in platinum fuel cell and hydrogen growth 

Resources Watch

Great opportunity to lock in higher gold price for future – Harmony  

By: Martin Creamer     16th September 2020 The current gold price presents a great opportunity to lock in the higher price for the future, says Harmony Gold FD Boipelo Lekubo, against the backdrop of Harmony’s hedging programme realising gains of R2.2-billion since its inception, but the recent dollar and rand gold prices also negatively... 

Harmony Gold financial director Boipelo Lekubo
Photo by Creamer Media
Harmony Gold financial director Boipelo Lekubo

Digital technologies drive transformation in mining

By: Simone Liedtke     15th September 2020 With many things having changed, never to be the same, Microsoft South Africa enterprise director Amr Kamel says of the power of technology: “It will always help people and organisations to adapt, re-invent and transform”. South Africa’s mining industry contributed R360-billion to the country's... 

Microsoft South Africa enterprise director Amr Kamel
Microsoft South Africa enterprise director Amr Kamel

Mponeng integration presenting ‘wonderful opportunities’ – Harmony Gold  

By: Martin Creamer     15th September 2020 The integration of Mponeng underground gold mine and Mine Waste Solutions surface gold recovery operation into Harmony Gold was presenting “wonderful opportunities” in the West Wits area, Harmony CEO Peter Steenkamp said on Tuesday. Harmony, which will be on site at Mponeng and Mine Waste... 

Peter Steenkamp
Harmony Gold presentation of results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Harmony Gold’s free operating cash soars 

By: Martin Creamer     15th September 2020 Gold mining company Harmony Gold on Tuesday reported 106% increase in operating free cash flows on a 25% improvement in the rand gold price to R735 569/kg in financial year 2020, resulting in a 9% increase in revenue to R29.25-billion.  In the year to June 30, the company, headed by CEO Peter... 

Harmony CEO Peter Steenkamp
Harmony CEO Peter Steenkamp

Platinum’s new sweeter spot elicits multiplicity of optimistic analyst views 

By: Martin Creamer     14th September 2020 The new sweeter spot that platinum group metals has entered drew a multiplicity of mainly optimistic viewpoints from analysts attending the virtual PGM Industry Day. Chaired by business development manager Rand Merchant Bank Henk de Hoop, the viewpoints were provided by Standard Chartered Bank... 

(From left top) Simon Kendall, Patrick Mann, Mandi Dungwa. (From left bottom) Henk de Hoop, Suki Cooper.
Photo by Creamer Media
(From left top) Simon Kendall, Patrick Mann, Mandi Dungwa. (From left bottom) Henk de Hoop, Suki Cooper.

DMRE targeting December for initiation of fifth renewables bid window 

By: Terence Creamer     14th September 2020 The Department of Mineral Resources and Energy (DMRE) has clarified that it is aiming to release bid documentation for the so-called fifth bid window (BW5) of South Africa’s renewable-energy procurement programme in December, following receipt of the regulator’s concurrence with a Ministerial... 

DMRE targeting December for initiation of fifth renewables bid window

Weekly Coal Index Report

14th September 2020 Weaker capesize freight rates helped FOB prices edge higher, whilst pressuring delivered markets. Firmer power and gas prices also helped strengthen physical bids for Dec-20 tonnes, with the back end of the curve steepening as prompt prices remain lifeless. Colombian coal supply from Cerrejon... 

Weekly Coal Index Report

World’s gold miners wary of production ramp-up despite price surge

By: Reuters     14th September 2020 The world's top gold miners are retrenching after Covid-19 related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritising investor returns over production growth. Gold prices have jumped 30% this year to roughly $2 000 an ounce as central banks dial up... 

World’s gold miners wary of production ramp-up despite price surge

Hydrogen, platinum fund sets up shop in South Africa with dollars to invest 

By: Martin Creamer     11th September 2020 London-headquartered AP Ventures, an independent venture capital fund focussed on investing in early-stage companies that use or enable the use of platinum group metals (PGMs), has established a presence in South Africa. AP Ventures founding partner Kevin Eggers told this week’s virtual 2020 PGMs... 

Top from left, Anton Berlin, Tim Schlick, Kevin Eggers. Bottom from left Benny Oeyen, Matthias Dohrn, Trevor Raymond.
Photo by Creamer Media
Top from left, Anton Berlin, Tim Schlick, Kevin Eggers. Bottom from left Benny Oeyen, Matthias Dohrn, Trevor Raymond.

Diamond sales improve in line with eased Covid-19 restrictions globally – De Beers 

By: Donna Slater     11th September 2020 The value of diamond miner De Beers' rough diamond sales, which include global sightholder sales and auctions, for the sixth and seventh sales cycles of this year, amounted to $116-million and $320-million, respectively. CEO Bruce Cleaver says diamond markets showed some continued improvement... 

De Beers Group CEO Bruce Cleaver
De Beers Group CEO Bruce Cleaver

Battery metals to boom despite widespread Covid-19 disruption

By: Donna Slater     11th September 2020 Battery metals, which are used in modern energy efficient electrical products, are playing an increasingly important role in climate change mitigation and the shift towards a lower carbon-intensive future. Battery metals, including lithium, vanadium, copper, cobalt, nickel, lead and graphite are... 

Battery metals to boom despite widespread Covid-19 disruption

Watch out lithium, platinum's eyeing your battery space, says PTM 

By: Martin Creamer     10th September 2020 Electric vehicles (EVs) are synonymous with lithium and fuel cell electric vehicles (FCEV) are synonymous with platinum group metals (PGMs), but will the twain meet? They certainly will if Toronto- and New York-listed Platinum Group Metals (PTM) CEO R Michael Jones has anything to do with it.... 

Sandra du Toit and R Michael Jones (top) and Bernard Swanepoel (below).
Photo by Creamer Media
Sandra du Toit and R Michael Jones (top) and Bernard Swanepoel (below).

Mantashe says Nersa’s concurrence with determination opens way for procurement of 11 813 MW of new power 

By: Terence Creamer     10th September 2020 Mineral Resources and Energy Minister Gwede Mantashe reported on Thursday the National Energy Regulator of South Africa (Nersa) had provided its concurrence to a Section 34 Ministerial Determination, issued in February, which opened the way for the procurement of  11 813 MW of new electricity... 

Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media
Mineral Resources and Energy Minister Gwede Mantashe

Filing of Diamcor's results delayed owing to South African lockdown restrictions

By: Donna Slater     10th September 2020 TSX-V-listed diamond miner Diamcor Mining, with operations in South Africa, reports that owing to ongoing delays in South Africa it will be unable to file its audited financial statements and corresponding management’s discussion and analysis for the financial year ended March 31. The company’s... 

Platinum, hydrogen, fuel cells make headlines  

10th September 2020 Mining Weekly Editor Martin Creamer unpacks the potential for platinum to become a $35-billion a year industry, the need for South Africa to promote the hydrogen economy and the potentially large prize for South Africa in significant fuel cell growth and hydrogen. 

Platinum, hydrogen, fuel cells make headlines
Platinum, hydrogen, fuel cells make headlines

Sibanye-Stillwater eyes battery metals 

By: Nadine James     10th September 2020 Having started its diversification strategy by venturing into platinum-group metals (PGMs) in 2016, Sibanye-Stillwater CEO Neal Froneman says the company is now considering diversifying into battery metals. In response to a question posed during the PGMs Industry Day on September 9, he stated,... 

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

Resolute warns of ten-day strike by workers at Mali mine

By: Creamer Media Reporter      9th September 2020 Dual-listed Resolute Mining has warned of a potential ten-day strike by employees at its Syama mine, in Mali. The gold miner has received a strike notice from the Union Nationale des Travailleurs du Mali SOMISY-SA, informing it that the union members will strike if certain demands are not met. 

Commenters call for an end to lockdown as second-quarter GDP contracts sharply 

By: Tasneem Bulbulia     8th September 2020 South Africa’s real gross domestic product (GDP) decreased by just over 16% between the first and second quarters, resulting in an annualised growth rate of ‑51%. This has extended the economic recession into its fourth quarter. 

Prize potentially large in platinum fuel cell and hydrogen growth – prof   

By: Martin Creamer     8th September 2020 Significant growth in fuel cells and hydrogen is now almost certain and the prize for South Africa remains potentially large. That is the view of E4tech director Professor Dr David Hart of Switzerland, expressed in an address to a fuel cell webinar hosted by Nedbank CIB on Tuesday. (Also watch... 

Professor Dr David Hart
Nedbank CIB fuel cell webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Resources Watch  

8th September 2020 This week: South Africa must link tax laws to job creation; Joburg’s political legacy mine dumps should come down to cut commute time; and, lagging platinum being actively promoted 

Resources Watch
Resources Watch

Hydrogen economy elevating platinum as store-of-value precious metal – WPIC

By: Martin Creamer     8th September 2020 The hydrogen economy is elevating platinum as a precious metal with long-term store of value, the World Platinum Investment Council (WPIC) said today. The latest edition of WPIC’s Platinum Quarterly states that an evolving global sea-change in the environment debate may also be at play in... 

Green hydrogen in approved country strategies.
Green hydrogen in approved country strategies.

Low-priced platinum outperforming gold as investor sentiment turns positive – WPIC

By: Martin Creamer     8th September 2020 Gold grabs the headlines and platinum less so but it is interesting to note that the platinum price has surged by a far bigger percentage than gold. Increased global risk due to the Covid-19 pandemic has driven strong investor demand for gold as a risk hedge, with gold ETF holdings up over 20%,... 

WPIC's Trevor Raymond
WPIC's Trevor Raymond

EIUG appoints Mondi as new CEO 

By: Terence Creamer     7th September 2020 The Energy Intensive Users Group (EIUG), whose mining and manufacturing members account for over 40% of the electrical energy consumed in South Africa, announced the appointment of Fanele Mondi as its new CEO. Prior to joining the EIUG, Mondi worked at Eskom for over 23 years, 12 years of which... 

Fanele Mondi
Fanele Mondi

Sapema talks respiratory legalities for manufacturers, procuring companies

By: Marleny Arnoldi     7th September 2020 Selecting the correct respirator is crucial for the correct protection level depending on what hazards one is exposed to. Ensuring that you choose the correct supplier or distributor for your respiratory products is now also more important now ever because of the Covid-19 pandemic, the Southern... 

Eskom launches new ‘system status’ portal in bid to begin bolstering transparency 

By: Terence Creamer     7th September 2020 South Africa’s electricity utility Eskom has added a new page to its website through which it is providing information relating to the status and performance of the power system, including the use of load-shedding as a mechanism to stabilise the national electricity grid. The webpage, which bears... 

Eskom launches new ‘system status’ portal in bid to begin bolstering transparency

Proper ventilation a key tool to prevent the spread of Covid-19 

By: Simone Liedtke     7th September 2020 Indoor ventilation is an important tool to prevent the viral transmission of the Covid-19 virus when correctly applied. Conversely, poor ventilation promotes viral transmission, Engen industrial hygiene specialist Garth Hunter warned during the South African Institute of Occupational Safety and... 

Occupational medicine specialist Dr Greg Kew
Two specialists discuss the importance of proper ventilation as a tool to prevent the viral transmission of Covid-19. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Mining deal value declines $18bn in first half as Covid-19 disrupts flow of capital - GlobalData

By: Donna Slater     7th September 2020 Global mining deal value, suffering from the shock from the Covid-19 pandemic, fell by more than $18-billion year-on-year in the first six months of the year, to $46.6-billion, says data analytics company GlobalData. The company notes that an expected slump in the global economy, steered by a... 

Possible special dividend on high-flying rhodium, palladium prices – Sylvania 

By: Martin Creamer     7th September 2020 High-flying rhodium and palladium prices are giving rise to a possible special dividend being paid to the shareholders of cash-flush Sylvania Platinum, the London Aim-quoted company that recovers platinum group metals from chrome tailings. The board of the company, which benefits from sizeable... 

Sylvania Platinum CEO Jaco Prinsloo
Sylvania Platinum CEO Jaco Prinsloo

Implats ups capex guidance to R6bn-plus for new financial year 

By: Martin Creamer     4th September 2020 Platinum group metals mining and marketing company Implats, which generated free cash flow of R14.4-billion in the 12 months to June30, is forecasting capital expenditure (capex) of between R6-billion and R6.8-billion in the new 2021 financial year. This is well up on the capex of R4.5-billion in... 

Impala Platinum 16 Shaft prioritised for ramp up.
Impala Platinum 16 Shaft prioritised for ramp up.

‘Bright future’ ahead for junior miners, says Mines & Money panel

By: Simone Liedtke     4th September 2020 Taking the current ongoing disruption, as a result of Covid-19, into account, private investment company Long State Investment associate Jessie Chen expects a bright future and positive outlook for junior mining companies over the next 12 to 18 months. In a Mines and Money-hosted webinar and... 

‘Bright future’ ahead for junior miners, says Mines & Money panel

Lagging platinum being actively promoted – Implats  

By: Martin Creamer     3rd September 2020 Demand for platinum, the price laggard of the high-flying platinum group metals basket, is being actively promoted on several fronts, Implats reported on Thursday. Following the company’s presentation of stellar cash-generating and dividend-yielding financial results, which featured a gross... 

Implats CEO Nico Muller
Implats virtual results presentation covered by Mining Weekly’s Martin Creamer. Video: Kelly Creamer and Darlene Creamer.

Mining industry passes Covid-19 peak as foreign miners continue their return to South Africa  

By: Donna Slater     3rd September 2020 About 75% of South Africa’s mining workforce has returned to work, reports the Minerals Council South Africa. Minerals Council health head Dr Thuthula Balfour said during a weekly Covid-19 briefing, held on September 3, that, of a total mining workforce of 450 987 personnel, 338 264 have... 

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