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Diversified Miners News

Mavuso stresses importance of implementing structural reform

By: Marleny Arnoldi     25th January 2021 Everyone, from the South African Reserve Bank (SARB) to organised labour can see what must be done to get the country back on a growth trajectory, but little seems to change, CEO Busi Mavuso says in the latest newsletter from Business Leadership South Africa. She welcomes SARB governor Lesetja... 

Sibanye announces senior management changes

By: Tasneem Bulbulia     22nd January 2021 Precious metals miner Sibanye-Stillwater has made further changes to its organisational structure, which it says is designed to enhance delivery and strategic focus. Robert van Niekerk, previously executive VP: Group Technical, has been appointed chief technology officer, effective from December... 

Bauba, Pelagic Resources amend terms to subscription agreement

By: Simone Liedtke     22nd January 2021 Diversified miner and exploration company Bauba Platinum and Pelagic Resources will amend the terms of their December 2020 subscription agreement. The subscription shares will now be issued at 31c a share, being a 4.13% discount to the 30-day volume-weighted average price at the close of business... 

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

Lundin continues improvement trend in 2020

By: Simone Liedtke     21st January 2021 Diversified Canadian base metals miner Lundin Mining met its production guidance for all metals for the 2020 financial year, ended December 31, with copper production standing out at 230 781 t. Gold production exceeded guidance, reaching 163 000 oz. 

Zambia expects to find new Mopani investor by year-end, IMF examines Glencore transaction

By: Reuters     21st January 2021 Zambia's mining investment arm ZCCM-IH said it expects to find a new investor for Mopani Copper Mines by the end of the year, as the International Monetary Fund looks into Zambia's deal with Glencore, Mopani's majority stakeholder. Zambia became Africa's first pandemic-era sovereign default in... 

South32 shelves Eagle Downs; reports strong quarterly production

By: Esmarie Iannucci     21st January 2021 Diversified miner South32 has set a number of production records in the first half of 2021, following a solid December quarter. “This was another period of strong operating performance across our business, with three of our operations setting production records for the half year,” said CEO... 

South32 shelves Eagle Downs; reports strong quarterly production
South32 CEO Graham Kerr

BHP sets iron-ore records

By: Esmarie Iannucci     20th January 2021 Diversified major BHP has reported record production from its Western Australian iron-ore operations, along with record average concentrator throughput at its Escondida copper joint venture, in Chile, during the half year ended December. “BHP delivered strong safety and operational performance... 

BHP sets iron-ore records
BHP CEO MIKE HENRY

Vedanta agrees to settlement with Zambian villagers over pollution claims

By: Marleny Arnoldi     19th January 2021 UK-based law firm Leigh Day has confirmed in a statement that global diversified miner Vedanta Resources has agreed to pay a settlement for all claims brought against it by Zambian claimants related to alleged pollution around the Konkola Copper Mines (KCM) operations. Without admission of... 

Rio reports a solid year, new CEO says working on restoring trust

By: Esmarie Iannucci     19th January 2021 Diversified major Rio Tinto has reported a strong operational performance during the 2020 financial year, despite impacts from the Covid-19 pandemic. “We have delivered a strong safety and operational performance in the face of the significant global challenges of Covid-19. Our 2020 performance... 

Rio reports a solid year, new CEO says working on restoring trust

Law firm says ESG most prominent risk beyond pandemic resilience

By: Marleny Arnoldi     15th January 2021 International law firm White & Case says 45% of decisionmakers believe environmental, social and governance (ESG) issues will be the biggest risk to the mining and metals sector this year. The firm reports in its 'Mining and Metals 2021' survey that the global mining and metals sector is facing... 

Law firm says ESG most prominent risk beyond pandemic resilience

High Court limits diesel refund claims for mining activities, tax associate says

By: Tasneem Bulbulia     15th January 2021 A recent High Court judgment Graspan Colliery v The Commissioner for the South African Revenue Services (could have significant implications for mining operators and their ability to claim diesel refunds, Baker McKenzie Johannesburg Tax Practice associate Prenisha Govender says.   The judgment... 

Predictive maintenance an investment priority for miners, says GlobalData

By: Tasneem Bulbulia     15th January 2021 The drive to improve productivity and reduce downtime will lead to further investment by mining companies, large and small, in predictive maintenance for both plant and mobile equipment in the next two years, says data and analytics company GlobalData. A mine-site survey conducted by the company... 

BHP puts up wind fence in WA

By: Esmarie Iannucci     15th January 2021 Mining major BHP plans to construct a wind fence at Finucane Island, as part of its Pilbara Air Quality Program. The fence would be the first of its kind in Australia, and would be designed for the Pilbara’s unique weather conditions, said BHP Port GM Nilson Davila. “We recognise we have a... 

Remote health and safety audits gaining traction

By: Halima Frost     15th January 2021 The unprecedented impact of the Covid-19 pandemic has fast-tracked technologies and methodologies across all sectors, especially those pertaining to mining health and safety regulations and compliance, accredited certifications provider JC Auditors compliance specialist Oliver Naidoo tells Mining... 

Greater govt involvement, sustainability in mining sector expected in 2021 

By: Marleny Arnoldi     14th January 2021 As mineral and metal prices, production and consumption improve this year amid a broader and deeper economic recovery from the pandemic, the outlook for miners and metal players is positive, says research agency Fitch Solutions. It notes that this year will see a mix of traditional trends... 

Greater govt involvement, sustainability in mining sector expected in 2021

The Networking Company launches Women in Mining training programme

By: Tasneem Bulbulia     14th January 2021 People development consulting company The Networking Company has launched a women in mining training programme to promote the growth of women in this male-dominated industry. CEO and founder Helen Nicholson tells Mining Weekly that research has shown that women and men network differently in... 

The Networking Company launches Women in Mining training programme
Helen Nicholson

Rio extends life at NZ smelters

By: Esmarie Iannucci     14th January 2021 Diversified miner Rio Tinto has settled on a new electricity agreement with ASX-listed Meridian Energy that allows New Zealand’s Aluminium Smelter (NZAS) to continue operating the Tiwai Point aluminium smelter until the end of December 2024. The extension provides certainty to employees, the... 

Rio extends life at NZ smelters

South African stocks resume climb as Anglo leads miners higher

By: Bloomberg     13th January 2021 South Africa’s main stock index gained 0.5% as of 9:49 a.m. in Johannesburg, heading for a fresh record close, as mining stocks benefited from optimism over US stimulus spending that could spur an economic rebound and boost demand for metals. The FTSE/JSE Africa All Share Index resumed its... 

Botswana's Masisi joins list of Presidents to address Mining Indaba

By: Donna Slater     12th January 2021 Botswana President Mokgweetsi Masisi has added his name to the upcoming virtual Mining Indaba to be held from February 2 to 3. He joins other Presidents, including South Africa Cyril Ramaphosa, Sierra Leone’s Julius Maada Bio and the Democratic Republic of Congo’s Félix Tshisekedi, who have been... 

Government saddened at the death of business leader Mokgatle

By: Donna Slater     11th January 2021 Government conveys its sadness about the death of Peotona Group Holdings co-founder and executive director Dolly Mokgatle. She was an established business leader who held various leadership positions within several of South Africa’s State-owned enterprises and the private sector.  

South Deep Covid protocols, platinum demand, decarbonisation make headlines 

8th January 2021 Mining Weekly Editor Martin Creamer unpacks back-to-work protocols at South Deep, the building of hydrogen infrastructure in the US being a good boost for platinum demand and mining companies being pressurised to commit to a decarbonised future. 

South Deep Covid protocols, platinum demand, decarbonisation make headlines
South Deep Covid protocols, platinum demand, decarbonisation make headlines

British Columbia post-holiday Covid restrictions slow several industrial projects

By: Reuters     6th January 2021 Restrictions imposed by British Columbia to fight the spread of Covid-19 infections after the holiday break have disrupted work at construction sites of a Rio Tinto hydropower project and BC Hydro's Site C dam. A total of five major industrial projects in remote northwestern Canada have been... 

What's next for Rio Tinto's Arizona copper project after US land swap

By: Reuters     6th January 2021 US President Donald Trump's outgoing administration plans to approve a land swap on January 15 that Rio Tinto Ltd and partners need to build a copper mine in Arizona, clearing a long-time hurdle for the project that is opposed by many Native Americans. Developers will continue their effort to... 

New mining investment law comes into force

By: Tasneem Bulbulia     4th January 2021 Saudi Arabia has approved a comprehensive new mining law to enable growth across its growing mining and minerals sector. The new law aims to attract new investors while contributing to the development of local communities and the protection of the environment. 

Rio starts to rebuild PKKP relations

By: Esmarie Iannucci     4th January 2021 Diversified miner Rio Tinto and the Puutu Kunti Kurrama and Pinikura people (PKKP) in December confirmed initial steps to rebuild their relationship following the May 2020 events at Juukan Gorge, in the Pilbara. A joint session of the PKKP and Rio boards was held to reaffirm Rio’s apology and... 

Rio invests in Canadian aluminium

By: Esmarie Iannucci     18th December 2020 Diversified major Rio Tinto has announced a $8.4-million investment to expand the recycling capacity of its aluminium operations in Saguenay-Lac-Saint-Jean, Quebec. The expansion would offer rolled product customers in North America a new, sustainable solution combining low-carbon and recycled... 

Rio invests in Canadian aluminium
Saguenay-Lac-Saint-Jean

Metals tycoon Agarwal eyes $10bn of India turnaround deals

By: Bloomberg     17th December 2020 Commodities tycoon Anil Agarwal is planning to invest $10-billion through a new partnership targeting government privatisations in India. The billionaire is teaming up with London-based Centricus Asset Management to seek investments in Indian companies offering substantial growth opportunities,... 

Metals tycoon Agarwal eyes $10bn of India turnaround deals
Anil Agarwal

Rio Tinto taps Stausholm as new CEO

By: Esmarie Iannucci     17th December 2020 Mining major Rio Tinto has appointed CFO Jakob Stausholm to take over the role as CEO from Jean-Sebastian Jacques on January 1, 2021. Jacques, along with iron-ore CEO Chris Salisbury, and group executive of corporate relations Simone Niven all handed in their resignations following the... 

Rio Tinto taps Stausholm as new CEO
Rio Tinto's new CEO, Jakob Stausholm

Rio strikes carbon deals

By: Esmarie Iannucci     16th December 2020 Diversified miner Rio Tinto has pledged $10-million to research low carbon steel making projects in China, while also inking a memorandum of understanding (MoU) for a similar investment in Japan. The miner on Wednesday said that it has committed to invest $10-million with China Baowu Steel... 

Global miner adopts flexible working model

By: Mariaan Webb     16th December 2020 Brazilian major Vale has permanently adopted a more flexible working model for its employees that combines remote work and the use of collaborative spaces. The ‘flexible office’ model prioritises the wellbeing and safety of its employees, the diversified mining company said on Tuesday, noting... 

Global miner adopts flexible working model

Mining and Metals Blockchain Initiative launches proof of concept platform to trace emissions

By: Creamer Media Reporter      15th December 2020 The World Economic Forum’s (WEF's) Mining and Metals Blockchain Initiative (MMBI) has released a proof of concept that uses distributed ledger technology to track embedded greenhouse-gas emissions. The successful completion of the proof of concept, named the Carbon Tracing (COT) Platform will be... 

Glencore enters partnership with Tre-Altamira to expand satellite monitoring across its TSFs

By: Creamer Media Reporter      15th December 2020 Diversified miner Glencore has entered into an agreement with commercial services provider Tre-Altamira to expand satellite monitoring to more than 110 of its tailings dams worldwide, which Glencore says is the largest industry monitoring agreement to date specifically focusing on tailings... 

Anglo forecasts higher output, lower costs for 2021 

By: Creamer Media Reporter      11th December 2020 Diversified miner Anglo American expects its production for 2021 to increase by 14% year-on-year and its unit costs to decrease by 3% year-on-year. In an investor update published on December 11, the miner said it had maintain a strong performance this year, despite Covid-19-related and other... 

Anglo forecasts higher output, lower costs for 2021
Anglo American CEO Mark Cutifani

PGMs miner focused on Waterberg mine project

11th December 2020 As reported by Mining Weekly last month, platinum group metals (PGMs) miner Platinum Group Metals is focused on advancing the palladium dominant Waterberg project, located on the northern limb of the Bushveld Complex in South Africa. The project is planned as a fully mechanised, shallow, decline... 

PGMs miner focused on Waterberg mine project
R. MICHAEL JONES Platinum Group Metals’ near-term objectives are to achieve the grant of a mining right for the palladium dominant Waterberg Project and complete construction

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Steps South Africa needs to take to attract global exploration investment
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

Digital holds opportunities for mining R&D innovation

By: Tasneem Bulbulia     10th December 2020 It is challenging to innovate in research and development (R&D) in mining, owing to some of the industry’s inherent characteristics; however, digital as an R&D option is opening up new opportunities for mining technology adoption. The was indicated by dual-listed Sibanye-Stillwater technology and... 

Digital holds opportunities for mining R&D innovation
Photo by Creamer Media
Alex Fenn

Froneman promotes digital first strategy for mining companies

By: Chanel de Bruyn     9th December 2020 Precious metals miner Sibanye-Stillwater has undertaken a digital first approach for the organisation, with considerable value to be unlocked from a capital as well as an environment, social and governance (ESG) perspective, CEO Neal Froneman said, delivering the keynote address at the University... 

Froneman promotes digital first strategy for mining companies
Photo by Adobe
Sibanye-Stillwater has undertaken a digital first approach for the organisation
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