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Covid-19 News

Two more projects granted Major Project status

By: Esmarie Iannucci     15th March 2021 The federal government has awarded Major Project status to the Finniss lithium project and the Mt Peake vanadium/titanium/iron project, both in the Northern Territory. ASX-listed Core Lithium’s Finniss lithium project will require an estimated pre-production capital investment of A$53.5-million... 

Dividend-paying Gem Diamonds working on technologies to reduce diamond damage  

By: Martin Creamer     11th March 2021 Diamond mining and marketing company Gem Diamonds is advancing innovative technologies that reduce diamond damage by ejecting rock non-mechanically and being able to see diamonds in a certain size of rock, Gem CEO Clifford Elphick said on Thursday when the London-listed company reported positive... 

Gem CEO Clifford Elphick
Gem Diamonds results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

New report highlights decade of falling electricity production in South Africa  

By: Terence Creamer     11th March 2021 A new Council for Scientific and Industrial Research (CSIR) report offers a sobering picture of declining electricity system production and demand between 2010 and 2020 – a trend that was amplified further during Covid-hit 2020, when demand slumped by a sharp 5.1%, or 11.8 TWh, to a decade low... 

New report highlights decade of falling electricity production in South Africa

Kenmare says production continues despite surge in Covid-19 infections at Moma

By: Marleny Arnoldi     10th March 2021 London-listed Kenmare Resources has announced that there is currently a surge of Covid-19 cases at its Moma Titanium Minerals mine, in Mozambique. The company has 177 employees in isolation, with the majority of them being asymptomatic.  

S&P sees Eskom debt solution as key to unlocking restructuring  

By: Terence Creamer     9th March 2021 Ratings agency S&P Global Ratings sees finding a solution to Eskom’s unsustainable debt position as potentially key to meeting the timelines proposed for the broader restructuring of the State-owned utility into three units of generation, transmission and distribution – an unbundling that is also... 

S&P sees Eskom debt solution as key to unlocking restructuring

Royal Bafokeng Platinum delivers top performance, declares maiden dividend

By: Martin Creamer     9th March 2021 Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) on Tuesday reported a record performance and declared its maiden dividend on the back of a 2 734.2% increase in 2020 headline earnings to R3.5-billion. The JSE-listed black-controlled, black-led and black-managed... 

RBPlat CEO Steve Phiri
RBPlat CEO Steve Phiri

Merafe loss decreases, electricity risk remains, logistics challenge intensifies  

By: Martin Creamer     8th March 2021 Although the loss suffered by ferrochrome company Merafe Resources decreased in 2020, its electricity risk remains and its logistics challenges are intensifying. Merafe’s revenue and operating income is primarily generated from the Glencore Merafe Chrome Venture, which has a total capacity of... 

Merafe Resources CEO Zanele Matlala.
Merafe Resources results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

List outlining eligibility for ‘Phase 2’ vaccination roll-out to be released soon 

By: Terence Creamer     5th March 2021 A list confirming which South Africans will be eligible for Covid-19 vaccination when the ‘Phase 2’ roll-out begins in late April or early May will be published in the “next week or two”, Department of Health deputy director-general Dr Anban Pillay reported on Friday. Phase 2 will focus on the... 

List outlining eligibility for ‘Phase 2’ vaccination roll-out to be released soon

Australia's critical minerals roadmap paves the way - PM

By: Esmarie Iannucci     4th March 2021 The Australian government has unveiled its Resources Technology and Critical Minerals Processing roadmap, that would leverage Australia’s world-leading critical minerals and resources sector to create more jobs and economic opportunities for manufacturing businesses over the next ten years. The... 

Prime Minister Scott Morrison
Photo by Bloomberg
Prime Minister Scott Morrison

The major challenge of the mining industry is the imperative of growth – Dr Motsepe  

By: Martin Creamer     3rd March 2021 The major challenge of the mining industry is the imperative of growth, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said on Wednesday, when the 25 000-employee ARM reported record financial results. “You’ve got to replace the orebody that you’re mining with an equally... 

African Rainbow Minerals executive chairperson Dr Patrice Motsepe.
African Rainbow Minerals interim results report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

Mantashe sees new industries emerging from South Africa’s renewables-led drive to boost electricity supply 

By: Terence Creamer     3rd March 2021 South Africa’s move to increase electricity generation capacity provided a “unique opportunity” for the development of new industries, Mineral Resources and Energy Minister Gwede Mantashe said this week. Addressing delegates virtually during Canada’s annual Prospectors and Developers Association... 

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

African Rainbow Minerals' earnings soar 134%, interim dividend declared

By: Martin Creamer     3rd March 2021 Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) on Wednesday reported record headline earnings of R5 039-million for the six months to December 31. This represented a 134% increase compared with the corresponding of 2019 and was underpinned by... 

African Rainbow Minerals executive chairperson Dr Patrice Motsepe
Photo by Creamer Media
African Rainbow Minerals executive chairperson Dr Patrice Motsepe

Exploration spend continues to grow - ABS

By: Esmarie Iannucci     2nd March 2021 New data from the Australian Bureau of Statistics (ABS) has shown that mineral exploration expenditure continued to grow in the December quarter. “Total Australian mineral exploration expenditure grew in every quarter in 2020, illustrating the strength of Australia’s mineral exploration... 

Exploration spend continues to grow - ABS

De Ruyter urges greater industrial policy integration with renewables roll-out 

By: Terence Creamer     1st March 2021 South Africa would be foregoing an “extraordinary opportunity” should it fail to develop local manufacturing capacity around its large-scale and multidecade deployment of renewable energy, Eskom CEO Andre de Ruyter argued on Monday. Speaking during the opening session of the virtual Africa Energy... 

De Ruyter urges greater industrial policy integration with renewables roll-out

Planning commission wants new climate-change commission to drive ‘just transition’ social compact 

By: Terence Creamer     26th February 2021 The outgoing National Planning Commission (NPC) is preparing to hand over the extensive work it has done to build consensus on South Africa’s ‘just transition’ to a low-carbon and climate-resilient society to the newly formed Presidential Coordinating Commission on Climate Change (PCCCC). When... 

Planning commission wants new climate-change commission to drive ‘just transition’ social compact

Coal exports bring Bathurst down

By: Esmarie Iannucci     26th February 2021 Coal miner Bathurst Resources has reported reduced earnings and revenue for the first half of the 2021 financial year, as its export business continued to face significant challenges. Revenue for the six months under review declined to NZ$97.8-million, compared with the NZ$129.3-million in the... 

Resources Watch  

25th February 2021 This week: London listing on way as mining company strives to become green gold producer; DRDGold flies sky high on numbers never seen before; and, Sibanye assessing on-site green hydrogen generation to power fuel cell mobility 

Resources Watch
Resources Watch

Implats' earnings soar 328%, record R7.9bn interim dividend declared

By: Martin Creamer     25th February 2021 Buoyed by the high rand platinum group metals (PGMs) basket price, Impala Platinum Holdings Limited (Implats) has posted a 328% increase in headline earnings and declared a record interim dividend of R7.9-billion on a strong production, safety and sales performance. Implats delivered stellar... 

Nico Muller
Nico Muller

NAIF amendments head to Parliament

24th February 2021 Reforms to speed up investment approvals for the Northern Australia Infrastructure Facility (NAIF) has been introduced into Federal Parliament. Minister for Resources, Water and Northern Australia Keith Pitt said the reforms would extend the operations of the government’s A$5-billion NAIF for a... 

NAIF amendments head to Parliament

Greenfield exploration drilling restarts at Target North gold prospect  

By: Martin Creamer     23rd February 2021 Greenfield exploration drilling has restarted at the Target North prospect in the Free State, which Covid-19 temporarily halted, Harmony Gold CEO Peter Steenkamp told Mining Weekly on Tuesday. Speaking during a Zoom interview after presenting an outstanding set of dividend-yielding  financial... 

Harmony Gold CEO Peter Steenkamp
Harmony gold CEO Peter Steenkamp interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Aveng hopes to build on first positive earnings since 2014 as restructuring nears end  

By: Terence Creamer     23rd February 2021 Infrastructure and contract mining group Aveng, which is at the tail-end of a far-reaching restructuring exercise that has been under way since 2017, has reported its first positive earnings since 2014, recording headline earnings of R109-million for the six months to December 31. The recovery... 

Aveng CEO Sean Flanagan
Photo by Creamer Media's Donna Slater
Aveng CEO Sean Flanagan

Harmony starts on first 10 MW of own solar, keen to pursue next 20 MW 

By: Martin Creamer     23rd February 2021 Gold mining company Harmony Gold, which is in the process of introducing 30 MW of own-generation solar power into its electricity mix, has begun the phasing in of the first 10 MW of renewable energy generation. “Generating our own power from solar power is the way to go,” Harmony Gold CEO Peter... 

Harmony Gold mineworkers underground at Masimong gold mine.
Harmony Gold mineworkers underground at Masimong gold mine.

Miners reconfirm Covid commitment

By: Esmarie Iannucci     23rd February 2021 The Australian resources sector has pledged to continue protecting priority populations from the spread of the Covid-19 virus, as the government rolls out its national vaccination programme. A National Resources Sector Position Statement on Covid-19 Vaccinations released today by the Minerals... 

Global decarbonisation rapidly upping demand for Anglo Platinum products 

By: Martin Creamer     22nd February 2021 Platinum group metals mining and marketing company Anglo American Platinum said on Monday that it was poised to deliver next phase of value for its stakeholders as decarbonisation efforts increase the long-term demand for its metals. “We are grounded in our purpose to re-imagine mining to improve... 

Anglo American Platinum's Mogalakwena platinum mine in Limpopo.
Anglo American Platinum's Mogalakwena platinum mine in Limpopo.

Sibanye-Stillwater, Hydrox Holdings, coal exports to China make headlines  

19th February 2021 Mining Weekly Editor Martin Creamer unpacks Sibanye-Stillwater assessing on-site green hydrogen generation to power fuel cell mobility; Hydrox's advanced alkaline electrolyser; and South Africa's coal exports to China.   

Sibanye-Stillwater, Hydrox Holdings, coal exports to China make headlines
Sibanye-Stillwater, Hydrox Holdings, coal exports to China make headlines

South Australia sets growth targets

By: Esmarie Iannucci     19th February 2021 The South Australian government has released industry sector strategies for all nine of its major industries, including energy and mining, to assist in unlocking and accelerating business expansion and job creation. “Each of the nine priority sector strategies set the direction for industry to... 

OceanaGold swings to a loss

By: Esmarie Iannucci     19th February 2021 Dual listed gold miner OceanaGold has reported a 23.2% fall in revenue for the full 2020, compared with 2019, with the miner swinging to a loss of $150.4-million on the back of declining gold and copper production. Gold production during the full 2020 reached 301 700 oz, with no copper... 

OceanaGold swings to a loss

Business gears up to support mass-vaccination campaign despite variant setback 

By: Donna Slater     19th February 2021 While government’s belated, yet accelerating, efforts to secure enough doses of an effective Covid-19 vaccine to begin a phased mass vaccination roll-out gathers momentum, several business organisations are finalising their plans to support the endeavour – one that is seen as crucial for creating... 

Business gears up to support mass-vaccination campaign despite variant setback

Having gold in your portfolio is a very solid insurance right now – Bristow 

By: Martin Creamer     18th February 2021 Having gold in your portfolio is a very solid insurance right now, as it always has been during global crises. That is the view of Barrick Gold president and CE Dr Mark Bristow, whose company on Thursday reported 91% higher fourth-quarter operating cash flow to $5.4-billion and annual free cash... 

Barrick Gold president and CE Dr Mark Bristow
Barrick Gold president and CE Dr Mark Bristow

Infinity raises A$15m for Spanish lithium

By: Esmarie Iannucci     18th February 2021 Lithium developer Infinity Lithium Corporation has received firm commitments for a A$15-million capital raise to advance its San Jóse lithium project, in Spain. “Infinity is very pleased to have received such strong support from new and existing investors as the company advances the San Jóse... 

Sibanye-Stillwater profit soars, free cash rockets, R9.4bn dividend 

By: Martin Creamer     18th February 2021 The free cash flow of precious metals company Sibanye-Stillwater rocketed 63-fold to within a hair’s breadth of R20-billion in the six months to the end of December. The Johannesburg- and New York-listed company, headed by CEO Neal Froneman, reported a sky-high profit rise to R29.3-billion for... 

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

South32's profits fall despite higher sales

By: Esmarie Iannucci     18th February 2021 Diversified miner South32 has reported a 46% decline in profits after tax for the first half of 2021, compared with the previous corresponding period, as revenues fell by 8%. Revenue for the six months to December reached $2.9-billion, compared with the $3.2-billion reported in the previous... 

Minister welcomes export inquiry

By: Esmarie Iannucci     18th February 2021 Federal Resources Minister Keith Pitt has welcomed the Trade and Investment Growth Committee’s inquiry into the financial sector’s treatment of Australia’s export industries. The Joint Standing Committee on Trade and Investment Growth this week announced that it had started an inquiry into the... 

Pretivm lifts travel restrictions at Brucejack

By: Creamer Media Reporter      17th February 2021 Mining company Pretium Resources (Pretivm) has lifted travel restrictions at the Brucejack mine that were implemented after a Covid-19 outbreak was declared last week. At the mine camp, in British Columbia, 453 tests were conducted, showing that the large majority of positive cases were... 

Pretivm lifts travel restrictions at Brucejack

Resources Watch  

17th February 2021 This week: Vision Blue helping world to achieve green dream with high-return prospects for investors; Alluvial diamond miners outline way to save fast-shrinking industry; And, Generator supplier completing two orders 

Resources Watch
Resources Watch

Whitehaven profits fall along with coal prices

By: Esmarie Iannucci     17th February 2021 The falling coal prices in the first half of the 2021 financial year has seen ASX-listed Whitehaven Coal swing to a loss in the six months under review. Whitehaven on Wednesday reported a net loss after tax of A$94.5-million for the six months to December, compared with a net profit after tax of... 

DRDGold flies sky high on numbers never seen before  

By: Martin Creamer     16th February 2021 Surface gold recovery company DRDGold flew sky high in the six months to the end of December on financial returns never seen before. “We’ve never seen numbers like this. I mean the cash operating profit was R1.4-billion and earnings R950-million. These are numbers over a six-month period. It’s... 

Recovering gold at the Far West Gold Recoveries operation.
DRDGold CEO Niël Pretorius interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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