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Diversified Miners News
African Rainbow Minerals financial director to step down
By: Martin Creamer Updated 2 hours 35 minutes ago South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) on Tuesday announced that its FD Abigail Mukhuba would be stepping down with effect from the end of September to pursue a new career, and that ARM senior executive finance: corporate and tax... →
Savannah continues various work streams remotely despite disruptions
By: Marleny Arnoldi Updated 2 hours 36 minutes ago Aim-listed Savannah Resources has managed to continue with a few of its key activities despite Covid-19-related disruptions to other operations. Savannah has closed all its offices and arranged for staff to work remotely, suspended all field activities, reduced the staff complement to essential... →
Assore halts mines and smelters, prioritises on-time supplier payment
By: Martin Creamer Updated 3 hours ago Mining and marketing company Assore, which is delisting from the Johannesburg Stock Exchange after 70 years, on Tuesday informed its shareholders that it had taken lockdown steps following the increased incidents of COVID-19 in South Africa. Assmang, which is half owned by Assore and jointly... →
Charles Walters
Red Rock progresses exploration in Africa
By: Marleny Arnoldi Updated 3 hours ago London-listed Red Rock Resources in the six months ended December 31, 2019, reported a profit before tax from continuing operations of £337 000, compared with a loss of £283 000 in the six months ended December 31, 2018. Chairperson Andrew Bell says the company’s net finance income was at... →
Rio halts potline at NZ smelter
By: Esmarie Iannucci Updated 5 hours ago Major Rio Tinto will close one of its four potlines at Tiwai Point aluminium smelter, in New Zealand, as part of measures to combat Covid-19. CEO and GM of the New Zealand’s Aluminium Smelter, in which Rio holds a 79.36% interest, Stewart Hamilton said that the company had worked hard to... →
Rio sets aside A$25m for Covid-19 battle
By: Esmarie Iannucci 30th March 2020 Major Rio Tinto has pledged $25-million in funding to support global grassroots community Covid-19 preparedness and recovery efforts. The additional investment would predominantly focus on value-in-kind opportunities, including the supply of masks and protective equipment to support emergency... →
BHP fights Covid-19 in Chile
By: Esmarie Iannucci 30th March 2020 Diversified major BHP has launched an $8-million plan to help mitigate the spread of COVID-19 in Chile. The company over the weekend announced that it has combined efforts with the medical faculty of the Universidad Católica, to raise the testing capacity and strengthen the Familiar Health... →
Mining could be enormous post-virus stabiliser – Minerals Council
By: Martin Creamer 29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... →
ARM, Motsepe family play key roles in R1bn coronavirus pledge
By: Martin Creamer 28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... →
Dr Patrice Motsepe and Dr Precious Moloi-Motsepe at Saturday's remote media conference using the Internet to ensure social distance.
AngloGold to conserve cash amid Covid-19 spread
By: Tasneem Bulbulia 27th March 2020 Gold miner AngloGold Ashanti is implementing cash conservation measures, including focused capital prioritisation and reducing non-essential spending across the business, and is well positioned to weather the current market uncertainty. At the end of 2019, the company had $463-million of cash,... →
Caterpillar says pandemic hits supply chain, demand
By: Tasneem Bulbulia 27th March 2020 The continued spread of the Covid-19 pandemic is beginning to impact on construction and mining equipment manufacturer Caterpillar's supply chain, a possibility the company previously disclosed in February. The US-based company indicated on Thursday that it was monitoring the situation closely... →
Glencore winds down most operations in line with Covid-19 restrictions 
By: Donna Slater 27th March 2020 Diversified mining and marketing company Glencore, with operations internationally, is winding down most of its operations and putting them on temporary care and maintenance as lockdowns are enforced in various countries to slow the spread of Covid-19. The London- and Johannesburg-listed company... →
South32 cuts expenditure as operations are adjusted
By: Esmarie Iannucci 27th March 2020 Diversified miner South32 has announced a $160-million cut to capital expenditure over the next 15 months, with the miner also announcing a number of operational changes in response to COVID-19. In response to a 21-day lockdown in South Africa, Soutnh32’s manganese assets in that country, along... →
Boipelo uses experience to court juniors
By: Nadine James 27th March 2020 Coal-focused Boipelo Mining Contractors – a Level 2 broad-based black economic empowerment joint venture formed by Murray & Roberts Cementation (MRC) and the Amandla TM Group – having recognised the opportunity presented by divesting majors, is actively courting players in the midtier and,... →
Coal faces funding troubles
By: Cameron Mackay 27th March 2020 While demand for coal is still rising, there has been a local trend towards financing more sustainable and ‘green’ projects. Through public and shareholder pressure and aligning with global trends, local financial institutions are also reconsidering their approach towards funding new coal... →
THE COAL STORY Currently, about 77% of the country’s electricity is generated from coal
Flexibility, knowledge assist in cost reduction
By: Nadine James 27th March 2020 The coal sector faces immense cost pressures, which are influenced and exacerbated by uncontrollable macroeconomic factors, notes vibrating equipment solutions provider Kwatani CEO Kim Schoepflin. However, she comments that Kwatani has sought to mitigate the impact of these factors by reducing... →
Sumitomo suspends operations in Bolivia, Madagascar
By: Simone Liedtke 26th March 2020 Diversified miner Sumitomo Corporation has temporarily suspended operations at its Minera San Cristobal silver/zinc/lead mining project, in Bolivia, as well as the Ambatovy nickel project, in Madagascar, to prevent the spread of Covid-19. In Bolivia and Madagascar, all-day or night curfews have... →
Newmont to host virtual AGM
By: Marleny Arnoldi 26th March 2020 NYSE- and TSX-listed gold and base metal producer Newmont Corporation has scheduled a virtual annual general meeting on April 21 in light of global Covid-19 social distancing practices. The virtual meeting complements other measures implemented at Newmont’s operations and offices globally to... →
BHP unveils stringent Covid-19 measures
By: Esmarie Iannucci 26th March 2020 Mining major BHP on Thursday said that it would continue to implement stringent measures across its operations to reduce the risk of transmitting Covid-19, including reducing the number of staff at mine sites and other operational facilities to business critical employees and contractors only.... →
Trident to acquire mining royalty
By: Tasneem Bulbulia 25th March 2020 LSE-listed Trident Resources has entered into a definitive purchase agreement to acquire a significant, cash-generative mining royalty. The company says the acquisition will create a new, growth-focused diversified mining royalty and streaming company that will provide investors with exposure to... →
Mining to be ‘scaled down significantly’ during 21-day lockdown
By: Terence Creamer 25th March 2020 Mining operations in South Africa are to be “scaled down significantly” during the 21-day lockdown period, particularly labour-intensive, deep-level mining activities, Mineral Resources and Energy Minister Gwede Mantashe reported on March 25. However, mines supplying coal to Eskom would remain in... →
Low-carbon, energy crisis, renewables make headlines 
25th March 2020 Welcome to Second Take, the show that focuses on the issues behind the news. Mining Weekly editor Martin Creamer unpacks Exxaro’s energy transition to a low-carbon economy, Nersa needing to address the energy crisis and incentivising coal miners in the renewables transition. →
Colombia mining companies to reduce operations due to coronavirus
By: Reuters 24th March 2020 Colombian mining companies, including coal producers Cerrejon and Drummond, will reduce operations to slow the spread of coronavirus, the sector's guild said on Tuesday. Some 15 000 workers directly employed in the industry will stop working, as will 18 000 indirect workers, the Colombian Mining... →
South African miners preparing for three-week lockdown
By: Simone Liedtke 24th March 2020 Various South African mining companies have pledged their support for President Cyril Ramaphosa’s Covid-19 directives and range of measures in respect of mitigating the impact of the pandemic on South Africa’s economy. The pledges follow the President’s address to the nation on Monday evening,... →
President Cyril Ramaphosa
Rio cuts back South African and Canadian operations
By: Esmarie Iannucci 24th March 2020 Major Rio Tinto on Tuesday announced that it would slow down some of its operations in South Africa and Canada as part of efforts to slow the spread of COVID-19. At Richards Bay Minerals, in South Africa, the miner will curtail production in compliance with a directive from the South African... →
Glencore copper mine in Congo repatriates 26 workers over coronavirus
By: Reuters 23rd March 2020 Glencore's Kamoto Copper Company (KCC) mine, a copper and cobalt project in Democratic Republic of Congo, repatriated 26 foreign workers on Monday in response to the country's coronavirus outbreak, a union official told Reuters. Charles Kumbi, a regional programme director with the IndustriALL... →
If we don’t take climate change seriously, God help us – Mxolisi Mgojo 
By: Martin Creamer 23rd March 2020 Coal mining company Exxaro Resources, which acknowledges coal’s negative impact on climate in a 20-page publication just released, expresses the view that a just transition to a low-carbon future should inform global climate action. “If we don’t take climate change issues very, very seriously,... →
Minerals Council, Sibanye condemn false Covid-19 reports
By: Simone Liedtke 23rd March 2020 The Minerals Council South Africa says it will provide a daily update on its website if and when incidents of Covid-19 are confirmed at its members’ operations. This follows reports last week of a purported confirmed case of the novel coronavirus, which causes Covid-19, at precious metals miner... →
Sibanye's Marikana operation.
Glencore assures of no material disruption to its operations so far
By: Marleny Arnoldi 23rd March 2020 Global diversified miner Glencore has confirmed that its more than 200 sites and offices in 35 countries remain operational and without any confirmed Covid-19 cases; however, the miner is keeping a close eye on the risks and will adapt its actions accordingly. In light of various restrictions... →
Glencore CEO Ivan Glasenberg
Newmont puts four mines on care and maintenance
By: Marleny Arnoldi 23rd March 2020 Global metals miner Newmont Corporation has decided to put four of its operations on care and maintenance, in Argentina, Canada and Peru, to protect nearby communities and align with travel restrictions, while the Covid-19 disease continues to spread globally. The company has also decided to... →
BHP establishes A$50m Covid fund
By: Esmarie Iannucci 23rd March 2020 Mining major BHP on Monday announced that it will establish a A$50-million Vital Resources Fund to help support regional Australian communities in its areas of operation, which are facing the significant challenge of the COVID-19 pandemic. “BHP stands with the regional communities we operate in.... →
BHP to exclude contractors at Chile copper mines for 15 days
By: Reuters 22nd March 2020 Global miner BHP Group will exclude contractors from its Chile copper mines for 15 days, it announced on Sunday, saying this is part of efforts to curb the spread of coronavirus. BHP operates the Escondida and Pampa Norte mines in Chile, which on Saturday confirmed its first coronavirus death.... →
Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19
By: Marleny Arnoldi 20th March 2020 Global diversified miner Anglo American has announced the measures that it is taking in light of the Covid-19 outbreak across its mining and corporate operations. CE Mark Cutifani says the measures are often tailored to the specific nature and location of a particular site to protect the... →
BHP to hire 1 500 Australian staff to stimulate economy
By: Esmarie Iannucci 20th March 2020 Mining major BHP on Friday announced that it would hire 1 500 additional staff across Australia to support its current workforce and to stimulate the economy. The miner said that the jobs would be offered as six-month contracts and would cover a range of skills needed in the short term,... →
Policy crucial to decarbonisation
By: Cameron Mackay 20th March 2020 The local mining industry, while dealing with challenges stemming from production decline over the past few years, is witnessing an evolving regulatory landscape, particularly with the development of an integrated carbon and air-quality regulatory framework. According to the Intergovernmental... →
Mine haul roads can reduce emissions, costs
By: Cameron Mackay 20th March 2020 Having researched the design and management of opencast mine haul roads locally and globally for the past 30 years, retired University of Pretoria civil engineering professor Alex Visser highlights a specific road construction system for mine haul roads which can reduce fuel emissions and save... →
PAVING THE WAY If roads are not constructed properly, undulations can form, increasing rolling resistance. This can cause increased diesel fumes from trucks and health and safety risks
Company varies drill offering
By: Darren Parker 20th March 2020 Drilling equipment and consumables supplier Galison Drilling, part of original-equipment manufacturer (OEM) Galison Group, is pinning its 2020 growth strategy on the supply of consumables for the mechanised, or extension rod, drilling sector in South Africa. “We feel the time is right for... →
Autonomous drills improve safety for contract miner
By: Darren Parker 20th March 2020 JSE-listed Basil Read’s mining arm Basil Read Mining subsidiary Blasting and Excavating (B&E)has entered into a partnership with India- based original-equipment manufacturer (OEM) Revathi Equipment and other local partner Paramount Tracks to acquire several C650 autonomous drills. →
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