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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... →
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... →
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... →
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... →
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... →
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... →
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
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... →
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
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
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... →
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... →
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... →
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 →
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... →
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... →
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... →
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
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... →
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... →
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. →
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... →
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... →
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... →
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.
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... →
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 →
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... →
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