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Covid-19 News

coininvest.com MD laments ‘tremendous challenges’ in platinum demand, supply

By: Simone Liedtke     3rd September 2020 Interest in platinum bars and coins is currently very high, but Germany-based coininvest.com MD Daniel Marburger warns that the industry is facing “tremendous challenges” with supply, especially as there are limited new product announcements, meaning that demand cannot be met. With the advent of... 

Mining bucks growth trend

By: Esmarie Iannucci     3rd September 2020 The resources sector has proven to resilient during the Covid-19 pandemic, bucking the trend to deliver positive growth in the June quarter, new data from the Australian Bureau of Statistics (ABS) has shown. The ABS this week revealed that Australia’s gross domestic product (GDP) had fallen by... 

Mining bucks growth trend

Gross profit of cash-gushing Implats soars 240%, cash dividend declared

By: Martin Creamer     3rd September 2020 Platinum group metals (PGMs) mining and marketing company Implats on Thursday posted record headline earnings on the back of solid operational performances and record sales revenues – despite the considerable impact of Covid-19 – for its full year to June 30. The group, headed by CEO Nico... 

Implats CEO Nico Muller
Implats CEO Nico Muller

Encouraging signs of recovery for platinum jewellery, says PGI

By: Tasneem Bulbulia     2nd September 2020 Despite a challenging start to the year, global platinum authority Platinum Guild International (PGI) reports that there have been positive signs of recovery in platinum jewellery markets in the second quarter of this year. The pandemic accelerated the need for change across an industry that has... 

M&As, JV activity continues, despite Covid-19 restrictions

By: Simone Liedtke     2nd September 2020 Mergers and acquisitions (M&As) and joint ventures (JVs) are expected to continue over the next 12 months, but some changes to usual due diligence process might be needed. In a Mines and Money-hosted webinar and panel discussion on September 2, Harvey Law Group foreign registered lawyer Amelia... 

Resources Watch  

2nd September 2020 This week: Third of Master Drilling’s labour force let go; Master Drilling aligning with opencast mines going underground in changing world; and, Sibanye prides itself in having the 'rock star' metals of the moment 

Resources Watch
Resources Watch (Editing: Nicholas Boyd)

Recovery plan advancing amid ‘unprecedented’ collaboration, Kingston reports 

By: Terence Creamer     2nd September 2020 Business for South Africa’s Martin Kingston has described the current level of cooperation and collaboration between labour, government, civil society and business as “unprecedented” and reports that the social partners are making good progress in their attempts to reach agreement on a... 

Business for South Africa’s Martin Kingston
Photo by Creamer Media
Business for South Africa’s Martin Kingston

Mine dumps, tax laws, rhodium make headlines  

2nd September 2020 Mining Weekly Editor Martin Creamer unpacks dealing with mine dumps to cut down commute time in Johannesburg, linking tax laws to job creation and Rhodium being "metal of the decade".   

Mine dumps, tax laws, rhodium make headlines
Mine dumps, tax laws, rhodium make headlines

Bushveld advances electrolyte, solar, mini-grid projects 

By: Martin Creamer     2nd September 2020 London-listed integrated primary vanadium producer and energy storage provider, Bushveld Minerals, the owner of assets in South Africa, on Wednesday reported progress with the group’s electrolyte plant, solar and mini-grid power project. Bushveld Energy intends devising self-generation options... 

Bushveld Minerals CEO Fortune Mojapelo
Photo by Creamer Media
Bushveld Minerals CEO Fortune Mojapelo

Orion Minerals revises Smart’s remuneration structure

By: Simone Liedtke     2nd September 2020 A revised remuneration structure has been agreed to with base metals developer Orion Minerals’ MD and CEO Errol Smart. In April, the cash component of his package was reduced from $300 000/y to $257 600/y, as part of the dual-listed miner’s implementation of cost savings and asset preservation... 

South Africa’s green revolution gathering momentum 

2nd September 2020 The Covid-19 pandemic has presented countries around the world with immense challenges, as the impact of the virus has affected every aspect of everyday life as we know it, write Dr Cosmas Chiteme, Dr Rebecca Maserumule and Prof Dmitri Bessarabov. (Chiteme and Maserumule are senior managers at... 

Hydrogen fuel and containerised fuel cell installations at One Military Hospital in Pretoria.
Hydrogen fuel and containerised fuel cell installations at One Military Hospital in Pretoria.

Joburg’s political legacy mine dumps should come down to cut commute time – DRDGold  

By: Martin Creamer     1st September 2020 South Africa Inc should be doing much more to incentivise the recovery of precious metals from tailings dams for sound societal and environmental reasons that could free Johannesburg of its artificial ‘Berlin Wall’-type political legacy barriers that tilt commute times unfairly and block new-era... 

DRDGold CEO Niël Pretorius
DRDGold CEO Niël Pretorius talks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Exxaro Covid-19 testing surpasses 100 mark

By: Simone Liedtke     1st September 2020 Diversified miner Exxaro Resources reports that, as of August 31, the number of Covid-19 tests conducted through two testing labs set up by it had surpassed the 150 mark. Exxaro has invested in opportunities to increase private testing capacity by setting up two Covid-19 PCR testing laboratories... 

Exxaro Covid-19 testing surpasses 100 mark

Cash-gushing DRDGold declares dividend on fourfold rise in operating profit 

By: Martin Creamer     1st September 2020 Surface gold mining company DRDGold on Tuesday declared its thirteenth successive-year dividend distribution on a fourfold-plus increase in group operating profit of R1 562.1-million, a sevenfold-plus headline earnings surge and rocketing market capitalisation. Free cashflow was R926.4-million... 

DRDGold CEO Niël Pretorius
DRDGold CEO Niël Pretorius

South Africa must link tax laws to job creation, says ARM’s Motsepe   

By: Martin Creamer     31st August 2020 The private sector worldwide is the engine for job creation, in partnership with trade union organisations, government and communities, and South Africa must link its tax legislation to job creation. That is the view African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe... 

Dr Patrice Motsepe
African Rainbow Minerals executive chairperson Dr Patrice Motsepe responds to Mining Weekly’s Martin Creamer on attracting mining investment. Video: Darlene Creamer.

Covid-19 continues to disrupt mining and metals sector

By: Donna Slater     31st August 2020 The mining and metals industry is being deeply impacted by the Covid-19 pandemic, as the situation continues to evolve and the virus spreads throughout the world, reports financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research. The firm notes... 

ARM earnings up, dividend declared 

By: Martin Creamer     31st August 2020 The headline earnings of diversified mining company African Rainbow Minerals (ARM) increased by 6% to R5 534-million for the financial year to June 30. A final dividend of R7 a share is declared, in addition to the interim dividend of R5 a share, taking the total dividend for the 2020 financial... 

ARM executive chairperson Dr Patrice Motsepe
Photo by Creamer Media
ARM executive chairperson Dr Patrice Motsepe

Exploration on the rise in Australia

By: Esmarie Iannucci     31st August 2020 Total mineral expenditure in Australia was up 18.5% in the June quarter, compared with the previous corresponding period, new data from the Australian Bureau of Statistics (ABS) has shown. The Association of Mining and Exploration Companies (Amec) said on Monday that the data showed confidence... 

Exploration on the rise in Australia

Australian emissions drop as Covid rages

31st August 2020 Australia’s emissions in the June quarter of this year declined by around 8%, or 10-million tonnes of carbon dioxide equivalent, compared with 2019, as a result of the restrictions imposed by the Covid-19 pandemic. In 2019-20, emissions are estimated to be as low as 518-million tonnes, their... 

Analysts raise precious metals expansion opportunities for cash-flush Sibanye  

By: Martin Creamer     30th August 2020 Mining analysts last week raised local platinum and gold expansion opportunities for cash-flush precious metals mining company Sibanye-Stillwater, but Neal Froneman, the CEO of the superbly performing Johannesburg- and New York-listed company, expressed concern that South Africa’s current... 

Burnstone gold mine.
Sibanye-Stillwater half-year results covered by Mining Weekly’s Martin Creamer. Audio: Darlene Creamer.

Rhodium may turn out to be the metal of the decade – Northam 

By: Martin Creamer     28th August 2020 Rhodium may turn out to be the metal of the decade, Northam CEO Paul Dunne said on Friday. Speaking at the JSE-listed company’s presentation of outstanding results, which saw the company shrug off the Covid-19 pandemic to report a record financial year in the 12 months to June 30, Dunne said... 

Paul Dunne
Northam Platinum results covered by Mining Weekly’s Martin Creamer. Video: Kutlwano Matlala.

Coal to remain relevant despite growing shift to renewable energy, says consultancy 

By: Simone Liedtke     28th August 2020 The use of coal is enabling the energy transition, owing to its provision of a basis for the economy to develop, drive wealth and enable economic progress, which then, in turn, creates and enables the funds for stronger and further investment into renewable energy, says Boston Consulting Group MD... 

Boston Consulting Group MD and partner Tycho Möncks
Boston Consulting Group MD and partner Tycho Möncks gives Engineering News and Mining Weekly some insight into how coal is enabling the energy transition. Video: Recorded via Zoom. Editing: Creamer Media's Darlene Creamer.

'Uncertain' times ahead at Haile – OceanaGold

By: Esmarie Iannucci     28th August 2020 Dual-listed gold miner OceanaGold has warned of ‘uncertainty’ at its Haile mine, in South Carolina, after 18 staff members tested positive for Covid-19 since June this year. The miner on Friday said that some 220 workers at Haile had been required to self-isolate for a period of two week at... 

'Uncertain' times ahead at Haile – OceanaGold

High-flying Northam shrugs off Covid to achieve record year 

By: Martin Creamer     28th August 2020 Platinum group metals mining company Northam Platinum has shrugged off the Covid-19 pandemic to report a record financial year in the 12 months to June 30. The JSE-listed company, headed by CEO Paul Dunne, on Friday reported its best ever revenue of R17.8-billion, record operating profit of... 

Paul Dunne
Photo by Creamer Media
Paul Dunne

Orocobre swings to a loss and raises cash

By: Esmarie Iannucci     28th August 2020 Lithium miner Orocobre on Friday announced a capital raise of A$126-million as the company swung to a net loss the half year ended June. Orocobre announced that net loss of $67.1-million for the six months under review, compared with a net profit of $65.4-million for the previous corresponding... 

Orocobre swings to a loss and raises cash

Amplats' Unki mine donates equipment for new ICU at Zimbabwe hospital

By: Donna Slater     27th August 2020 Platinum-group metals miner Anglo American Platinum's (Amplats') Unki mine has donated a newly equipped ten-bed intensive care unit (ICU) to Gweru provincial hospital, in Zimbabwe, as part of its efforts to limit the impact of Covid-19 at the workplace and in host communities. The donation... 

Amplats' Unki concentrator plant
Amplats' Unki concentrator plant

M&R pursuing open-pit services acquisition as it seeks ‘step-change’ growth in mining 

By: Terence Creamer     27th August 2020 Engineering and construction group Murray & Roberts (M&R) is considering acquisition targets in the open-pit mining services sector, where it is aiming to expand the presence of its mining platform, which has hitherto had an underground mining focus. CEO Henry Laas says that, although the... 

M&R pursuing open-pit services acquisition as it seeks ‘step-change’ growth in mining

Sibanye-Stillwater earnings soar 718%, R1.3bn dividend declared 

By: Martin Creamer     27th August 2020 Precious metals mining company Sibanye-Stillwater has reported sensational half-year results on Covid-defying increased production from all operating segments The Johannesburg- and New York-listed company, headed by CEO Neal Froneman, has declared a R1.3-billion interim dividend on free cash... 

Neal Froneman
Photo by Creamer Media's Donna Slater
Neal Froneman

DRDGold, Master Drilling, policy certainty make headlines  

27th August 2020 Mining Weekly Editor Martin Creamer unpacks DRDGold expecting half-year earnings a share to rocket nearly sevenfold, Master Drilling  aligning itself with the transitioning global requirement of opencast mines going underground and policy certainty for the country’s mining sector. 

DRDGold, Master Drilling, policy certainty make headlines
DRDGold, Master Drilling, policy certainty make headlines (Editing: Nicholas Boyd)

Belarus unrest to potentially temper potash market, empower other stakeholders

By: Donna Slater     27th August 2020 Amid political unrest in Belarus, which has impacted on many industries with strike action and with as many as 200 000 people having taken to the streets in protest, comes the possibility for new and upcoming potash miners to contribute more greatly and play a bigger role in contributing to... 

Belarus unrest to potentially temper potash market, empower other stakeholders

Resources Watch 

27th August 2020 This week: Getting best out of mining starts with policy certainty; Electra Mining Africa 2020 going digital with Connect; and, Kenmare says interim results ‘stronger, more resilient’ than expected 

Resources Watch
Resources Watch

M&R retreats into a loss amid R622m Covid-19 hit 

By: Terence Creamer     26th August 2020 Engineering and construction group Murray & Roberts (M&R) estimates that the Covid-19 pandemic had a R622-million negative impact on its results for the 2020 financial year, during which the company retreated into a lossmaking position. The JSE-listed group reported a loss before interest and tax... 

M&R retreats into a loss amid R622m Covid-19 hit

High-flying DRDGold expecting nigh sevenfold earnings rocket 

By: Martin Creamer     26th August 2020 Surface gold mining company DRDGold is expecting half-year earnings per share to rocket nearly sevenfold. In a trading statement released on Wednesday, the company, headed by CEO Niël Pretorius, indicated earnings per share of 82.5 c for the financial year to June 30, compared with 11.8 c for the... 

Tailings dumps from which DRDGold recovers gold.
Tailings dumps from which DRDGold recovers gold.

First Quantum Minerals maintains jobs amid Covid-19

By: Donna Slater     25th August 2020 Copper, gold and zinc miner First Quantum Minerals (FQM) has maintained jobs and production at its operations in Zambia, despite sector-wide moves to cut workforce and scale-down production as a result of the Covid-19 pandemic. 
Speaking at a visit by Zambia Mines and Minerals Development... 

Third of labour force let go – Master Drilling  

By: Martin Creamer     25th August 2020 The Covid-19 crisis resulted in drilling company Master Drilling having to let go a third of its labour force in the world, Master Drilling CEO Danie Pretorius said on Tuesday. Fochville-based Master Drilling provides drilling services to the mining, civil engineering and building construction... 

Master Drilling CEO Danie Pretorius
Master Drilling half-year results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Appea urges changes to boost oil and gas sector

By: Esmarie Iannucci     25th August 2020 The Australian Petroleum Production and Exploration Association (Appea) has urged the federal government to extend the Junior Minerals Exploration Incentive (JMEI) to the oil and gas sector. In its pre-Budget submission, Appea also recommended four other reforms, including making salary costs... 

Appea urges changes to boost oil and gas sector

Master Drilling’s net half-year operating cash up 100% 

By: Martin Creamer     25th August 2020 Net cash generated from operating activities in the six months to June 30 increased 100% to $11.1-million amid unprecedented Covid-19 disruptions, drilling services company Master Drilling reported on Tuesday The Johannesburg Stock Exchange-listed company, headed by CEO Danie Pretorius, provides... 

Master Drilling CEO Danie Pretorius
Photo by Creamer Media's Donna Slater
Master Drilling CEO Danie Pretorius
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