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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... 

Savannah continues various work streams remotely despite disruptions
Mutamba mineral sands project, in Mozambique

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... 

Assore halts mines and smelters, prioritises on-time supplier payment
Photo by Creamer Media
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... 

Red Rock progresses exploration in Africa
The Tshipi Borwa manganese mine, in South Africa

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... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge
Photo by Creamer Media
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... 

South32 cuts expenditure as operations are adjusted
South32 CEO Graham Kerr

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,... 

Boipelo uses experience to court juniors
EXCEEDING EXPECTATIONS Since its appointment, Boipelo Mining has consistently exceeded its monthly production target

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... 

Coal faces  funding troubles
Photo by Creamer Media
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... 

Flexibility, knowledge assist in cost reduction
KIM SCHOEPFLIN To achieve efficient and productive coal processing at the lowest possible cost, there needs to be an understanding of the underlying orebody, the application and the overall process

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... 

Mining to be ‘scaled down significantly’ during 21-day lockdown

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.    

Low-carbon, energy crisis, renewables make headlines
Low-carbon, energy crisis, renewables make headlines

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,... 

South African miners preparing for three-week lockdown
Photo by Creamer Media
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... 

Rio cuts back South African and Canadian operations

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,... 

If we don’t take climate change seriously, God help us – Mxolisi Mgojo
Exxaro CEO Mxolisi Mgojo presentation covered by Mining Weekly’s Martin Creamer. Video Editing: Nichols Boyd. Photograph: Donna Slater. Video: Kutlwano Matlala.

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... 

Minerals Council, Sibanye condemn false Covid-19 reports
Photo by Bloomberg
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 assures of no material disruption to its operations so far
Photo by Bloomberg
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... 

Newmont puts four mines on care and maintenance

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... 

Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19

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,... 

BHP to hire 1 500 Australian staff to stimulate economy

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... 

Policy crucial to decarbonisation
SUSTAINABILITY CHALLENGES The industry faces challenges to reduce emissions given associated financial implications, including the impact on capital and operational efficiency

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... 

Mine haul roads can reduce emissions, costs
Photo by Bloomberg
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... 

Company varies drill offering
JOHAN FOURIE The focus of Galison’s drilling operations have been moved to Rustenburg, in the North West province, to serve the platinum mines in the area

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. 

Autonomous drills improve safety for contract miner
NATHAN WILLIAMS The way forward is to embrace disruptive technologies in the mining industry
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