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Covid-19 News

Glencore ready to support transition to low-carbon economy – Glasenberg 

By: Martin Creamer     16th February 2021 Diversified mining and marketing company Glencore is ready to support the transition to a low-carbon economy, CEO Ivan Glasenberg said on Tuesday when the company reported finishing 2020 with earnings before interest tax depreciation and amortisation (Ebitda) of $11.6-billion, Covid-19... 

DRDGold declares 60%-higher dividend on soaring earnings

By: Martin Creamer     16th February 2021 Surface gold recovery company DRDGold has declared an interim cash dividend on soaring six-month earnings. The operating profits of the Johannesburg- and New York-listed company, headed by CEO Niël Pretorius, rose by 100% to R1.4-billion in the six months to the end of December. 

DRDGold CEO Niël Pretorius
DRDGold CEO Niël Pretorius

BHP coal impairments hit profits

By: Esmarie Iannucci     16th February 2021 Diversified major BHP has reported solid interim results for the half-year ended June, with both revenues and underlying attributable profit up on the previous corresponding period. Revenue for the half-year was up 15% to $25.6-billion, while underlying attributable profit was up 16% on the... 

BHP coal impairments hit profits

London listing on way as mining company strives to become green gold producer  

By: Martin Creamer     15th February 2021 A Kenyan gold asset with expansion, exploration and green status upside is scheduled to reverse list on the London Stock Exchange in March. The Kilimapesa gold mine, with a declared Joint Ore Reserves Committee resource of 670 000 oz, is an operating three-adit asset with fairly extensive... 

Mayflower Capital Investments adviser Gerard Kisbey-Green
Mayflower Capital executive Gerard Kisbey-Green interviewed by Mining Weekly ‘s Martin Creamer on the Kilimapesa gold-mining opportunity. Video: Darlene Creamer.

Sadpo, Vision Blue, PetroSA make headlines   

12th February 2021 Mining Weekly Editor Martin Creamer unpacks the South African Diamond Producers Organisation's ideas to save the industry, Vision Blue’s high-return prospects for investors and how green hydrogen and powerfuels could revive PetroSA and create a 160-billion euro export platform.   

Sadpo, Vision Blue, PetroSA make headlines
Sadpo, Vision Blue, PetroSA make headlines

ArcelorMittal South Africa reports second-half profit as supply squeeze lifts prices 

By: Terence Creamer     11th February 2021 Steelmaker ArcelorMittal South Africa (AMSA) return to profit in the second half of its 2020 financial year on the back of steel-shortage-induced price rises that negatively affected many domestic downstream consumers and have led to growing calls for a lifting of import protection. The... 

ArcelorMittal South Africa reports second-half profit as supply squeeze lifts prices

Pretivm restricts travel to Brucejack amid Covid outbreak

By: Creamer Media Reporter      11th February 2021 A Covid-19 outbreak has been declared at the Brucejack mine, in British Columbia, after the number of positive cases at the mine site has risen to 14. Pretium Resources (Pretivm) previously reported nine positive Covid-19 cases among employees and contractors at the mine. 

The Brucejack mine
The Brucejack mine

Resources Watch  

10th February 2021 This week: Minerals Council says exploration needed to grow industry; President Cyril Ramaphosa says SA wants to promote greater exploration and beneficiation; and, Murray & Roberts Cementation achieves five-million fatality-free shifts 

Resources Watch
Resources Watch

Green hydrogen and powerfuels could revive ailing PetroSA, unlock green steel and create €160bn export platform   

By: Terence Creamer     9th February 2021 The combination of South Africa’s world-class wind, solar and land resources, its platinum group metals reserves, as well as its historical experience in industrial-scale synthetic-fuel manufacture, position the country strongly for the production of green hydrogen and tradeable synthetic... 

PetroSA refinery in Mossel Bay
Higher Education, Science and Technology Minister Blade Nzimande on South Africa's comparative advantage when it came to the production of renewable hydrogen and green powerfuels.

Platinum group metals outlook: constrained supply, very strong demand growth – WPIC  

By: Martin Creamer     8th February 2021 The outlook for platinum group metals (PGMs) is one of constrained supply and very strong demand growth. “You’ve got the entire PGMs suite that is short and that certainly will translate into tight markets,” World Platinum Investment Council (WPIC) Director of Research Trevor Raymond told Mining... 

World Platinum Investment Council Director of Research Trevor Raymond
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nersa committee holds back approval on Eskom application to buy short-term power 

By: Terence Creamer     5th February 2021 The National Energy Regulator of South Africa’s (Nersa’s) electricity subcommittee decided, on February 5, not to approve Eskom’s application for the emergency procurement of electricity from eight private generators under its Short-Term Power Purchase Programme (STPPP). In March 2020, the... 

Nersa committee holds back approval on Eskom application to buy short-term power

Orion Minerals, Eskom, Botswana's non-diamond exploration make headlines   

5th February 2021 Mining Weekly Editor Martin Creamer unpacks Orion Minerals’ latest acquisition in the Northern Cape, Eskom supporting increasing the licensing exemption threshold for self-generation to 50MW and, Botswana intensifying its effort to attract non-diamond exploration.   

Orion Minerals, Eskom, Botswana's non-diamond exploration make headlines
Orion Minerals, Eskom, Botswana's non-diamond exploration make headlines

Halt to Richards Bay Minerals project depriving South Africa of R100bn 

By: Martin Creamer     5th February 2021 Rio Tinto's KwaZulu-Natal mineral sands mining company, Richards Bay Minerals, has got a major project called Zulti South that is fully permitted and fully funded – but is not being developed. Construction began in the first half of 2019, but was then brought to a halt in December 2019 amidst... 

From top left clockwise, Gary Felthun, Roger Baxter, Werner Duvenhage, Mzila Mthenjane, Advocate Thabo Mokoena and Neal Froneman.
Photo by Creamer Media
From top left clockwise, Gary Felthun, Roger Baxter, Werner Duvenhage, Mzila Mthenjane, Advocate Thabo Mokoena and Neal Froneman.

Survey shows 21% of South African miners have Covid-19 antibodies – Minerals Council

By: Donna Slater     4th February 2021 The Minerals Council South Africa last year announced plans to undertake a series of surveys to better understand the progression of Covid-19 in local mining operations and it has recently received the results of the first phase of seroprevalence surveys. The results show that the number of... 

Minerals Council health head Dr Thuthula Balfour
Photo by Creamer Media
Minerals Council health head Dr Thuthula Balfour

Woodmac urges renewable energy target reform

By: Esmarie Iannucci     4th February 2021 Advisory firm Wood Mackenzie (Woodmac) has urged the Australian government to look at ambitious long-term renewable energy target (RET) policy to unlock future investments. Woodmac this week noted that Australia could provide $40-billion of power generation investment opportunity this decade,... 

Botswana intensifying effort to attract non-diamond exploration  

By: Martin Creamer     3rd February 2021 Botswana has intensified efforts to digitise and make geoscience information readily available to local and international potential investors in an effort to encourage prospecting for non-diamond minerals, Botswana President Mokgweetsi Masisi told the virtual 2021 Investing in African Mining... 

Botswana president Mokgweetsi Masisi
Photo by Creamer Media
Botswana president Mokgweetsi Masisi

R12bn cost of vaccination roll-out ‘immaterial’ relative to Covid’s economic cost  

By: Terence Creamer     3rd February 2021 Having received finer pricing details from Covid-19 vaccine manufacturers over the past month, organised business is currently estimating that it will cost about R12-billion to vaccinate 70% of South Africa’s adult population – well below government’s earlier and heavily criticised estimate of... 

R12bn cost of vaccination roll-out ‘immaterial’ relative to Covid’s economic cost

Resources Watch  

3rd February 2021 De Beers adopts strategy to meet carbon-neutral ambition; Third consecutive year of coal export decline from Richards Bay Coal Terminal; And, Transitioning fossil-fuel labour forces into new sectors critical for ‘clean, just energy transitions’ 

Resources Watch
Resources Watch

Collaboration needed to overcome Covid-19 – mining industry

By: Donna Slater     3rd February 2021 Various mining-affiliated parties met on January 28 to discuss efforts to mitigate the spread of Covid-19 and to help the mining industry, its employees and mining-affected communities to tackle the challenge. Representatives from the Minerals Council South Africa, as well as trade unions the... 

We want to promote greater exploration and beneficiation – President  

By: Martin Creamer     2nd February 2021 “We want to promote greater exploration and beneficiation of minerals,” President Matamela Cyril Ramaphosa said on Tuesday in his opening address to Mining Indaba Virtual 2021, where he praised South African mining for having shown tremendous resilience in the midst of Covid-19 pandemic.... 

President Matamela Cyril Ramaphosa
Mining Indaba Virtual 2021 reported on by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Appea urges more reforms

By: Esmarie Iannucci     2nd February 2021 The Australian Petroleum Production and Exploration Association (Appea) has urged the Australian government to embrace measures for long-term business investment that will ensure sustained job creation and economic growth for Australia. In its pre-Budget submission, Appea made a number of... 

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

Minerals Council South Africa president Mxolisi Mgojo
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Amec urges funding uptake

1st February 2021 The Association of Mining and Exploration Companies (Amec) has urged explorers to apply for Round 23 of the co-funded exploration drilling program which opened Monday. “The competitive Exploration Incentive Scheme (EIS) program is a significant government investment into mineral exploration... 

Weekly Coal Index Report

1st February 2021 As January rolls off the trading calendar, RB1 levels are shifting down towards $85. However, 2021 looks to be a bumper year for SA coal exports. Most Asian countries are ramping up demand as new coal-fired capacity comes online, whilst countries such as India and Pakistan are experiencing higher... 

Weekly Coal Index Report

WA goes into lockdown again

By: Esmarie Iannucci     1st February 2021 Fly-in, fly-out (FIFO) mineworkers in Perth would be under lockdown as Premier Mark McGowen announced a five-day lockdown on Sunday. The lockdown was instituted after a hotel-quarantined worker tested positive for Covid-19. The lockdown would last until February 5, and would affect Perth, the... 

WA goes into lockdown again

Australia mining employment remains high

By: Esmarie Iannucci     1st February 2021 The mining industry remains an important sector for employment, federal Minister for Resources, Water and Northern Australia Keith Pitt said, pointing to a big increase in the number of Australians employed in the sector. Pitt said the figures were a testament to how crucial the resources... 

Eskom caps 2021 extra-revenue claim at R23bn, but tells court anything less will be ‘disastrous’ 

By: Terence Creamer     29th January 2021 State-owned power utility Eskom indicated during a court hearing on Friday that it would not seek to recover more than R23-billion in additional revenue through the tariff during its 2021/22 financial year, implying that any possible hike implemented on April 1 would be capped at about 15.5%.... 

Eskom caps 2021 extra-revenue claim at R23bn, but tells court anything less will be ‘disastrous’

Green tech, RBCT make headlines   

29th January 2021 Mining Weekly Editor Martin Creamer unpacks the green technology boost for African Mining, exports for the Richards Bay Coal Terminal have declined for the third consecutive year and the Richards Bay Coal Terminal is improving efficiency to counter ship queuing.   

Green tech, RBCT make headlines
Green tech, RBCT make headlines

South Africa's mining industry prepares for R300m Covid-19 vaccine rollout effort 

By: Reuters     29th January 2021 South Africa's mining industry estimates it will cost around R300-million to help the government roll out Covid-19 vaccines to mineworkers and community members as the country battles a surge in infections, the industry body told Reuters on Thursday. The Minerals Council, which represents mining... 

South Africa's mining industry prepares for R300m Covid-19 vaccine rollout effort

Peru to allow mining during new coronavirus lockdown

By: Reuters     29th January 2021 Peru, heading into a new lockdown to stem a rising wave of Covid-19 infections, will allow key industries such as mining to continue, a boost for copper miners in the world's second-largest producer of the metal. Large swathes of Peru, including capital Lima, will return to strict restrictions... 

The Las Bambas mine
The Las Bambas mine

Export speed-up projects in spotlight at Richards Bay Coal Terminal  

By: Martin Creamer     28th January 2021 South Africa’s Richards Bay Coal Terminal is going all out to raise its export efficiency in a bid to counter ship queuing. With the R1.34-billion worth of stacker reclaimers and shiploaders provided in 2018 putting in solid performances, RBCT has now turned to debottlenecking conveyor projects... 

Five phases have resulted in a coal terminal with 91-million tons of export capacity
Richards Bay Coal Terminal’s presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

MCA welcomes EPBC Act reform suggestions

By: Esmarie Iannucci     28th January 2021 The Minerals Council of Australia (MCA) has welcomed the final report of an independent review of the Environment Protection and Biodiversity Conservation (EPBC) Act, saying it would help guide reforms to secure a better environment, more jobs and a faster economic recovery. The report,... 

Third consecutive year of coal export decline from Richards Bay Coal Terminal  

By: Martin Creamer     27th January 2021 Coal exports from South Africa’s Richards Bay Coal Terminal (RBCT) last year declined for the third consecutive year, with the 70.2-million tons exported to mainly Asia and single-digit percentages to Africa and Europe, taking exports back to what they were in 2013. In 2020, two-million fewer... 

Geographic spread of South African coal exports from Richards Bay Coal Terminal.
Richards Bay Coal Terminal’s presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Output climbs and cost fall at Olaroz

By: Esmarie Iannucci     27th January 2021 Lithium miner Orocobre has reported record sales volumes from its Olaroz lithium facility, in Argentina, for the December quarter, while costs have declined to near all-time lows. Production during the December quarter reached 3 727 t, up 58% quarter-on-quarter, as Orocobre responded to... 

Arnot OpCo plans safe restart of operations with Covid-19 in mind

By: Donna Slater     25th January 2021 Mpumalanga-based coal miner Arnot OpCo is planning the restart of its operations near Middelburg in a safe and controlled manner that takes into account measures to prevent the spread of Covid-19, at a time when South Africa is battling a second wave of infections. The company says it is not... 

Evaluation of emergency-power bids ‘by February’, with renewables bidding to open in ‘first quarter’ 

By: Terence Creamer     25th January 2021 The evaluation of the 28 bids received under South Africa’s Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) is anticipated to be concluded by February 2021, the IPP Office has confirmed with Engineering News. The preferred bidders, it adds, will be announced as soon as... 

Evaluation of emergency-power bids ‘by February’, with renewables bidding to open in ‘first quarter’

PGMs, new Gold Fields CEO designate make headlines 

22nd January 2021 Mining Weekly Editor Martin Creamer unpacks Switzerland's green hydrogen roll-out, PGM demand and Chris Griffith becoming Gold Fields CEO designate.   

PGMs, new Gold Fields CEO designate make headlines
PGMs, new Gold Fields CEO designate make headlines
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