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Covid-19 News

Weekly Coal Index Report

24th August 2020 Vietnam is the new coal exporter’s darling, as imports surged during the COVID-19 pandemic, increasing around 46% y-o-y. The country has imported circa 36-million tonnes so far this year, although Indonesia, Russia and China are the major suppliers. SA clearly has a major freight disadvantage and... 

DMRE launches procurement process for 2 000 MW of ‘dispatchable’ power

By: Terence Creamer     22nd August 2020 The Department of Mineral Resources and Energy (DMRE) has formally initiated the much-anticipated procurement process for 2 000 MW of emergency power under its so-called Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP). The request for proposals (RFP) bid documentation... 

Minerals Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media's Donna Slater
Minerals Resources and Energy Minister Gwede Mantashe

Minerals Council launches first National Day of Women in Mining 

By: Tasneem Bulbulia     21st August 2020 Industry organisation, the Minerals Council South Africa, on August 21 launched the first National Day of Women in Mining, highlighting its focus on the implementation of initiatives designed to achieve stretch targets for the representation and advancement of women in the South African mining... 

Exxaro’s Belfast mine invests in Covid-19 protection, awareness campaign

By: Donna Slater     21st August 2020 In its fight against Covid-19, coal miner Exxaro Resources’ Mpumalanga-based Belfast coal mine has spent R410 000 on prevention and screening measures since the virus began to spread in South Africa. The mine invested the money into procuring personal protective equipment in the form of soap,... 

Exxaro’s Belfast mine invests in Covid-19 protection, awareness campaign

Steady stream of foreign nationals return to work in South Africa's mines

By: Donna Slater     20th August 2020 The South African mining industry has managed to bring more employees, who hail from other countries, back into the country to resume work at various operations. The South African mining industry employs about 442 478 people, with 74% of employees back at work.  

Getting best out of mining starts with policy certainty, says Gold Fields' Holland  

By: Martin Creamer     20th August 2020 Getting the best out of South Africa’s mining sector starts with policy certainty, said Gold Fields CEO Nick Holland on Thursday. Following the Johannesburg- and New York-listed company’s presentation of outstanding half-year results in spite of Covid, Holland said this in response to Mining... 

Confidence in Gold Fields' South Deep gold mine is rising.
Gold Fields CEO Nick Holland speaks to Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

High-level Nedlac working group on economic recovery begins meeting  

By: Terence Creamer     20th August 2020 The first formal meeting of the small multi-stakeholder working group set up to finalise South Africa’s Covid-19 economic recovery plan is expected to take place next week, with a preliminary planning meeting having taken place on Thursday afternoon. The working group includes representatives of... 

Business Unity South Africa CEO Cas Coovadia
Photo by Creamer Media
Business Unity South Africa CEO Cas Coovadia

Covid-19 impact on coal, energy systems still evolving, says Prevost

By: Simone Liedtke     20th August 2020 With the Covid-19 pandemic having created the biggest global crisis in generations by sending shockwaves through health systems, economies and societies around the world, XMP Consulting senior coal analyst Xavier Prevost says the implications of the pandemic for energy systems and clean energy... 

XMP Consulting senior coal analyst Xavier Prevost
Photo by Creamer Media's Donna Slater
XMP Consulting senior coal analyst Xavier Prevost

Qld announces Covid recovery plan

By: Esmarie Iannucci     20th August 2020 The Queensland Resources Council (QRC) on Thursday welcomed the state government’s commitment to strengthen the resources sector’s role as Queensland moved to recover from the Covid-19 pandemic. Premier Annastacia Palaszczuk unveiled a A$7-billion Covid-19 recovery plan to support health... 

High-flying Gold Fields' profit soars, half-year dividend up

By: Martin Creamer     20th August 2020 Covid notwithstanding, gold mining company Gold Fields saw its profit soar in the six months to June 30 and the half-year dividend declared equated to last year’s full-year dividend. The Johannesburg- and New York-listed company, headed by CEO Nick Holland, announced attributable profit for the... 

Nick Holland
Photo by Creamer Media
Nick Holland

Santos swings to a loss

By: Esmarie Iannucci     20th August 2020 Oil and gas giant Santos has reported a 48% fall in underlying profits for the six months ended June, with the company swinging to a net loss after tax. The company has reported a net loss of A$289-million, down from a net profit after tax of A$388-million in the previous corresponding period,... 

Commodity prices hinder South32 results

By: Esmarie Iannucci     20th August 2020 Diversified miner South32 has reported a 71% fall in profits before tax as the Covid-19 pandemic decimated commodity prices, with the miner flagging a change in focus towards base metals over the next five years. South32 on Thursday announced a loss after tax of $65-million for the 12 months... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

Electra Mining Africa 2020 going digital with Connect – and it’s free of charge 

By: Martin Creamer     20th August 2020 The Electra Mining Africa Connect week will enable exhibitors to promote their products and services free of charge alongside industry-related informative webinars, media activations and product showcase opportunities from September 7 to 11. For the first time in 48 years, Electra Mining Africa... 

Specialised Exhibitions MD Gary Corin.
Specialised Exhibitions MD Gary Corin outlines Electra Mining Africa 2020 Connect plans to Martin Creamer. Video: Darlene Creamer.

Kenmare says interim results ‘stronger, more resilient’ than expected  

By: Simone Liedtke     19th August 2020 LSE-listed Kenmare Resources’ results for the interim period ended June 30, were “stronger and more resilient” than what was expected, given the global Covid-19 pandemic and subsequent challenges. FD Tom McCluskey told Mining Weekly on August 19, that the titanium minerals and zircon producer... 

Kenmare Resources FD Tony McCluskey
Kenmare Resources FD Tony McCluskey speaks to Mining Weekly regarding the company's interim results. Video: Recorded via Zoom. Editing: Creamer Media's Nicholas Boyd.

Hydrogen export, Prieska, exploration make headlines  

19th August 2020 Mining Weekly Editor Martin Creamer unpacks the SADC’s potential to export hydrogen into a trillion dollar market, the final mining right for the Prieska copper/zinc resource, exploration in South Africa and its opportunities.   

Hydrogen export, Prieska, exploration make headlines
Hydrogen export, Prieska, exploration make headlines (editing: Nicholas Boyd)

Six months set aside for merger of CEF’s oil and gas subsidiaries into ‘Newco’ 

By: Terence Creamer     18th August 2020 The process of merging the State-owned entities of PetroSA, Igas and the Strategic Fuel Fund (SFF) into an “integrated national petroleum company” will formally begin on September 1, with six months having been set aside for the creation of a Newco that is “commercially viable”. All three... 

The PetroSA GTL refinery in Mossel Bay
Photo by Creamer Media
The PetroSA GTL refinery in Mossel Bay

Mining production to end year higher than in the first half

By: Donna Slater     18th August 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says mining production and investment across most minerals, except for thermal coal, are likely to finish the year stronger than in the first half of the year as a result... 

WA moves to secure local gas supply

By: Esmarie Iannucci     18th August 2020 The Australian Petroleum Production and Exploration Association (Appea) has blasted the Western Australian government’s decision to revise policy in order to secure domestic gas supply. The state government this week unveiled the changes to the Western Australian Domestic Gas Policy, preventing... 

Technology and sustainability are inextricably linked, says Kumba tech head  

By: Martin Creamer     18th August 2020 Technology and sustainability go hand-in-hand, says Kumba Iron Ore technical and projects executive head Glen Mc Gavigan. “In my view, you can’t separate the two,” he adds. Kumba, which has been mining iron-ore at Sishen for the last 40 years and which opened a new mine at Kolomela in 2008, has... 

Kumba Iron Ore technical and projects executive head Glen Mc Gavigan.
Kumba Iron Ore technical and projects executive head Glen Mc Gavigan is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sasol’s new-look strategy will seek to ‘reset’ group for low-carbon world 

By: Terence Creamer     17th August 2020 Embattled chemicals and energy group Sasol aims to officially unveil its new-look strategy, dubbed Future Sasol, later this year. It has already indicated, however, that the plan will seek to reposition the 70-year-old company, built around a highly carbon-intensive technology that converts coal... 

Sasol’s new-look strategy will seek to ‘reset’ group for low-carbon world

Sasol will execute rights issue in 2021 calendar year as it refines ‘ticket size’ 

By: Terence Creamer     17th August 2020 Debt-laden chemicals and energy group Sasol confirmed on Monday that it was preparing to execute a rights issue during the second half of its 2021 financial year, despite reporting that it was on track to deliver disposals of greater than $2-billion and exceeding its initial cash conservation... 

Sasol CEO Fleetwood Grobler
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

Weekly Coal Index Report

17th August 2020 Both Australia and South Africa may experience a wetter than normal summer, as the possibility of a La-Nina event increases. Combined with the high level of atmospheric water from melted Arctic ice, coal miners may be hoping for rain-induced supply disruptions at operations and ports to counter... 

Weekly Coal Index Report

South African stocks rise with boost from lockdown easing

By: Bloomberg     17th August 2020 South Africa’s main stock index was 0.2% higher as of 9:32 in Johannesburg, boosted by shares in some companies that are set to benefit from an easing in the country’s Covid-19 lockdown. President Cyril Ramaphosa, in a weekend address, announced that starting Tuesday restaurants and bars will be... 

Beach avoids writedowns

By: Esmarie Iannucci     17th August 2020 Oil and gas producer Beach Energy has reported lower production and revenue for the full year ended June, compared with the 2019 financial year. The ASX-listed company on Monday reported that oil and gas production for the full yea reached 26.7-million barrels of oil equivalent, down from the... 

Lynas sets A$425m raising target as profits fall

By: Esmarie Iannucci     17th August 2020 Rare earths miner Lynas on Monday announced a A$425-million equity raise to fund its Lynas 2025 foundation projects, while also reporting a loss in earnings and revenue for the full year ended June. Lynas has announced that revenue for the full year had decreased from the A$363.5-million... 

Lynas sets A$425m raising target as profits fall

Encouraging exploration would deliver enormous opportunities for SA – Bristow  

By: Martin Creamer     17th August 2020 Encouraging exploration in South Africa would deliver enormous opportunities, says Barrick Gold president and CEO Dr Mark Bristow, a world leader in exploration success. Bristow was commenting on the call for mining exploration to be encouraged, made last month by the economic transformation... 

Mark Bristow
Mark Bristow

Orion sees N Cape as ‘dripping roast’ as Prieska project declared 'shovel ready' 

By: Martin Creamer     17th August 2020 Orion Minerals CEO Errol Smart is over the moon about the granting of the final mining right for the Prieska copper/zinc resource, near the Northern Cape town of Copperton – and it comes with exciting exploration rights included. “We’re extremely pleased that the final regulatory hurdle for the... 

Orion mining right and exploration right areas in Northern Cape.
Orion mining right and exploration right areas in Northern Cape.

Bauxite Hills shutting earlier than anticipated

By: Esmarie Iannucci     14th August 2020 Bauxite miner Metro Mining on Friday announced that it would bring forward its wet-season shutdown at the Bauxite Hills mine, in Cape York, as the company failed to secure offtake for the remainder of the year. Mining is starting to wind down and shipping will cease around September 15, the... 

Export volumes, ferrochrome, Mponeng Mine make headlines  

14th August 2020 Mining Weekly Editor Martin Creamer unpacks the country’s mine export values and volumes; ferrochrome doing well with worldwide demand; and the transfer of the Mponeng Gold Mine to Harmony Gold, which is in the hands of the Department of Mineral Resources and Energy. 

Export volumes, ferrochrome, Mponeng Mine make headlines
Export volumes, ferrochrome, Mponeng Mine make headlines

SANEDI, MDA work together to support South African mineworkers

By: Simone Liedtke     13th August 2020 The South African National Energy Development Institute (SANEDI) and the Mineworkers Development Agency (MDA) have signed a partnership agreement that will result in them collaborating to bring relief to the country’s former mineworkers and their communities in the wake of mine closures and the... 

South Africans must work together on an accelerated economic recovery plan – Exxaro  

By: Martin Creamer     13th August 2020 South Africans must work together on an accelerated economic recovery plan that focuses on inclusive growth and prosperity for all citizens, Exxaro Resources CEO Mxolisi Mgojo  said on Thursday. Speaking during the black-empowered resources company’s presentation of very strong dividend-yielding... 

Exxaro Resources CEO Mxolisi Mgojo
Exxaro CEO Mxolisi Mgojo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Awesome new proudly South African face mask kindling international interest   

By: Martin Creamer     13th August 2020 An awesome new proudly South African face mask, with a replaceable filtration system at its heart, is attracting international interest. The innovative and timely Hudaco Air Mask is a lockdown-period product of the Johannesburg Stock Exchange-listed Hudaco Industries group. (Also watch attached... 

The Hudaco mask assembly.
Hudaco CEO Graham Dunford and Hudaco’s executive consultant Mike Allnutt discuss the new Hudaco face mask innovation with Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Minerals Council members commit R4.7m towards strengthening Eastern Cape medical capabilities

By: Donna Slater     13th August 2020 The Minerals Council South Africa reports that a number of its members have contributed a combined R4.7-million towards oxygen and oxygen-related products for the Eastern Cape as the province battles Covid-19 infections. Mining companies have, over the past six months, undertaken intensive... 

QRC urges royalty freeze

By: Esmarie Iannucci     13th August 2020 The Queensland Resources Council (QRC) has called on the members of the state Parliament to support Liberal National Party’s (LNP’s) proposal to freeze royalty rates for the next ten years, saying it would protect the Queensland economy from the impact of the Covid-19 pandemic. QRC CEO Ian... 

Covid hits July LNG figures

By: Esmarie Iannucci     13th August 2020 Revenues from liquefied natural gas (LNG) sales in Australia were down 52% in July, compared with the same period last year, new data from Energy advisory EnergyQuest has shown. While Australian LNG shipments in July were steady at 5.8-million tonnes, compared with the 5.9-million tonnes... 

Exxaro pays dividend on 40%-higher half-year earnings 

By: Martin Creamer     13th August 2020 Black-empowered diversified resources group Exxaro Resources on Thursday declared an interim dividend on posting a 40% increase in earnings before interest tax depreciation and amortisation of R3.9-billion for the six months to June 30. In the face of global trade tensions, a challenging local... 

Exxaro CEO Mxolisi Mgojo
Photo by Creamer Media
Exxaro CEO Mxolisi Mgojo

Record output for Woodside as prices fall

By: Esmarie Iannucci     13th August 2020 Oil and gas major Woodside has reported record production for the first six months of the 2020 financial year, despite unprecedented disruptions to the company’s operations and markets with the onset of the Covid-19 pandemic. Production in the first half of the year reached 50.1-million barrels... 

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