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Europe News

Emmerson’s finalised decline design confirms low capex mine access at Khemisset

By: Tasneem Bulbulia     20th April 2020 Morocco-focused potash development company Emmerson has finalised the feasibility study components for the mine access design and costing for its Khemisset potash project, in northern Morocco. The project is advantaged by industry leading capital costs and bottom quartile all-in delivered cost to... 

Hillside Aluminium achieves record saleable production ­– South32 

By: Martin Creamer     20th April 2020 Despite the impact on production of loadshedding, the Hillside Aluminium in KwaZulu-Natal achieved record saleable production output of 540 000 t in the nine months ended March 30, as the smelter continued to test its maximum technical capacity. Hillside Aluminium is considered an essential... 

Hillside Aluminium achieves record saleable production ­– South32
Photo by Creamer Media
South32 CEO Graham Kerr.

Anglo, De Beers announce additional $3m donations for Covid relief 

By: Martin Creamer     20th April 2020 Anglo American and De Beers on Monday announced additional donations of $2-million to South Africa’s Solidarity Fund, which addresses the impacts of Covid-19, and $1-million to the Oppenheimer family’s South African Future Trust, established to support small- and medium-sized businesses through... 

Anglo, De Beers announce additional $3m donations for Covid relief
Photo by Reuters
Anglo American CE Mark Cutifani

Kumba pledges third of top pay, provides services to communities

By: Martin Creamer     20th April 2020 Iron-ore mining company Kumba has provided a wide range of essential services in its host communities, while also responding directly with additional support to help alleviate the health and economic effects of Covic-19, the company said on Monday. Beyond the company’s breadth of support... 

Kumba pledges third of top pay, provides services to communities
Photo by Creamer Media
Kumba CE Themba Mkhwanazi.

Tenova reorganises businesses

By: Donna Slater     20th April 2020 As part of metals and mining company Techint Group, Tenova has reorganised its businesses and reviewed its governance structures, with the appointment of former metals division CEO Roberto Pancaldi as Tenova CEO. Former Tenova CEO Andrea Lovato has been appointed CEO of Tenova's Takraf business.  

Pan African spends R3m in support of Barberton during lockdown

By: Martin Creamer     20th April 2020 Gold mining company Pan African Resources has ramped up support for its 2 600 Barberton Mines’ employees as well as the local communities with R3-million expenditure on hygiene, water, and food hampers to the Fairview, Consort and Sheba operations, plus an additional allocation to near-mine... 

Pan African spends R3m in support of Barberton during lockdown
Pan Africans' processing plant in Barberton.

Russia to grant full export rights to gold miners amid coronavirus

By: Reuters     20th April 2020 Russia will start granting perpetual licences for miners to export gold instead of one-off rights, a decree showed on Monday, to support them in shipping metal overseas independently as demand in its regular trade chain is hit by the coronavirus. Russian commercial banks, usually the main gold... 

Russia to grant full export rights to gold miners amid coronavirus
Russian miner Polymetal's Amursk operation.

Harmony Gold committed to safe resumption of underground mines

By: Martin Creamer     20th April 2020 Gold mining company Harmony said on Monday that it was committed to the safe resumption of its nine underground operations that had been placed on care and maintenance in response to the Covid-19 pandemic. Care and maintenance at the underground mines during the lockdown included the continued... 

Harmony Gold committed to safe resumption of underground mines
Photo by Creamer Media's Donna Slater
Harmony Gold CEO Peter Steenkamp

Orosur CEO leaves for top job at Highfield

By: Creamer Media Reporter      20th April 2020 South American-focused gold developer Orosur Mining on Monday announced that CEO Ignacio Salazar will be stepping down and leave the company on July 17, to take up a new position as CEO of Highfield Resources – an Australia-listed mining company with assets in Spain. Salazar has been the CEO of... 

Zambian official says Glencore reverses plan to shutter copper mines

By: Reuters     20th April 2020 Glencore told the Zambian government this week that it wants to keep operating its Zambian copper mining subsidiary Mopani Copper Mines (MCM), not shutter the operations, mines ministry permanent secretary Barnaby Mulenga said on Sunday. Glencore's decision to put MCM under "care and... 

CAML reports Kounrad copper milestone

By: Creamer Media Reporter      20th April 2020 The Kounrad copper recovery plant, which has been producing copper from waste since 2012, has now produced 100 000 t of copper cathode, London-listed Central Asia Metals (CAML) said of its Kazakhstan-based operation on Monday. The Kounrad copper resources are within the waste dumps that were... 

London, gold hub for centuries, eyes delivery ‘around the world’

By: , Bloomberg     20th April 2020 The London gold market will need to allow delivery outside of the city if the coronavirus pandemic leads to more stringent travel restrictions, the CEO of the London Bullion Market Association said. The UK’s capital has been a key hub for global gold trading since at least 1732, when the Bank of... 

AngloGold, Sasol, Imperial provide bulk sanitiser to Gauteng hospitals

By: Martin Creamer     20th April 2020 A trio of top companies has partnered to protect frontline medical staff, patients and visitors at four major Gauteng state hospitals. AngloGold Ashanti, Sasol and Imperial are collectively providing bulk hand sanitiser supplies to Chris Hani Baragwanath Academic, Charlotte Maxeke Academic, Helen... 

AngloGold, Sasol, Imperial provide bulk sanitiser to Gauteng hospitals
Photo by AngloGold
Bulk sanitiser provided for four Gauteng hospitals.

Weekly Coal Index Report

20th April 2020 Crude and natgas prices stabilised over the week, with EU emissions prices also recovering from their lows end March. However, it remains a torrid time for SA coal exporters as demand for spot physical cargoes evaporates. The RB1 physical discount to paper widened dramatically as RBCT stocks... 

Weekly Coal Index Report

Amplats paying employees in full, 30% of top pay to Covid-19 relief

By: Martin Creamer     20th April 2020 New Anglo American Platinum (Amplats) CEO Natascha Viljoen said on Monday that “thankfully” the company was able to pay all of its employees their full fixed basic salaries, pension and medical benefits, as well as housing allowances where applicable, for the full 35 days of the Covid-19 lockdown... 

Amplats paying employees in full, 30% of top pay to Covid-19 relief
Photo by Amplats
Anglo American Platinum (Amplats) CEO Natascha Viljoen

Implats ready for ‘safe, orderly’ restart

By: Martin Creamer     19th April 2020 Platinum group metals mining company Implats said on Friday that it was ready for a "safe and orderly" start up once it is given the go-ahead to resume full-scale production at its operations, where Covid-19 preventative safety and health measures had been significantly strengthened. Internal... 

Implats ready for ‘safe, orderly’ restart
Implats Impala Pltinum Rustenburg operation.

RBPlat begins phased restart with strict Covid-19 safeguards

By: Martin Creamer     18th April 2020 Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) has begun to phase up to 50% of operational capacity while taking all practicable measures to reduce the risk, exposure and spread of the Covid-19 pandemic to secure the wellbeing of its employees. To mitigate the impact... 

RBPlat begins phased restart with strict Covid-19 safeguards
Photo by Creamer Media
Royal Bafokeng Platinum CEO Steve Phiri

Uranium surges 31% amid shutdowns to become year’s top commodity

By: , Bloomberg     18th April 2020 ​​​​​​While most commodities are getting hammered by the coronavirus crisis, uranium prices are skyrocketing. The radioactive metal used in nuclear fuel has climbed 31% this year, making it the world’s best-performing major commodity. The gains have been spurred by mine shutdowns that have wiped... 

Uranium surges 31% amid shutdowns to become year’s top commodity

Nervous bankers leave the gold market stuck in disconnect

By: , Bloomberg     17th April 2020 Gold has rarely been a hotter trade, but the world’s two most important markets remain out of sync. In New York, the price of gold topped $1 750 for the first time in seven years on April 9. In London, it still hasn’t caught up. The dislocation first blew out in late March, when disruptions from... 

Nervous bankers leave the gold market stuck in disconnect

Goldplat to restart South African operations on a reduced basis

By: Simone Liedtke     17th April 2020 Aim-listed Goldplat will restart its South Africans operations on a reduced basis by April 20. Mineral Resources and Energy Minister Gwede Mantashe on April 16 announced that South African mining operations will be allowed to resume at a 50% operating capacity from April 17. 

Impala CE granted bail after appearance on Covid-19 charge 

By: Martin Creamer     17th April 2020 The arrest of the chief executive of Implats' Implala Platinum Rustenburg mining operations was on Friday welcomed by the Mineral Resources and Energy Parliamentary chairperson Sahlulele Luzipo, who on Thursday called on law enforcement agencies to act decisively against mining executives who... 

Impala CE granted bail after appearance on Covid-19 charge
Photo by Creamer Media
Impala Platinum Rustenburg CE Mark Munroe

Congo enacts plan to blunt virus impact as cobalt exports slump

By: , Bloomberg     17th April 2020 The Democratic Republic of Congo will begin a massive public-health information campaign for hundreds of thousands of hand-miners as part of a plan to offset the impact of the coronavirus pandemic on its key cobalt and copper industry. The proposals are contained in a report drafted by the Mines... 

Polymetal has a 'clear path to full ownership of Veduga'

By: Mariaan Webb     17th April 2020 Russian gold mining company Polymetal on Friday announced a transaction to streamline the ownership structure of the Veduga deposit and aid in advancing project development. Veduga, which is located in the Krasnoyarsk region of Russia, was on Polymetal’s chopping block until it last year doubled... 

Jubilee operations restart under strict Covid-19 protocols 

By: Martin Creamer     17th April 2020 Metals processing company Jubilee Metals announced on Friday that its South African operations had recommenced and it was strictly adhering to the updated lockdown regulations set out to combat the Covid-19 pandemic. Jubilee retreats mine tailings, waste, slag, slurry and other secondary... 

All at Implats to contribute up to third of pay to Covid-19 causes 

By: Martin Creamer     17th April 2020 Platinum mining and marketing company Implats said on Friday that it would be establishing a mechanism to enable members of its board, the group executive committee and all employees to donate up to one third of their salaries over the next three months. The donations, including those received... 

Minerals Council welcomes revised Covid-19 regulations

By: Martin Creamer     16th April 2020 The Minerals Council South Africa on Thursday welcomed the amendments to the Disaster Management Act regulations as they pertain to mining. These regulations allow a phase-up in mining capacity to 50% during the lockdown period, but with all the preventative and mitigating controls in place to... 

Minerals Council welcomes revised Covid-19 regulations
Minerals Council CEO Roger Baxter

Vast Resources raises £600 000

By: Marleny Arnoldi     16th April 2020 Aim-listed Vast Resources has raised £600 000 through a placing of almost 400-million ordinary shares of 0.1p in the company at a price of 0.153p apiece. The placing was undertaken by Axis Capital Markets, which was appointed as a joint broker to Vast.  

Mining may resume at 50% capacity – Minister 

By: Martin Creamer     16th April 2020 All mining operations, excluding collieries supplying Eskom which have been permitted to operate at full capacity throughout national lockdown, may now resume at 50% capacity during the remaining lockdown days, Mineral Resources and Energy Minister Gwede Mantashe said on Thursday. Thereafter,... 

Mining may resume at 50% capacity – Minister
Photo by Veronica Creamer
Mineral Resources Minister Gwede Matashe during virtual media conference.

SolGold shortlisting traders to finalise Alpala offtake, funding support

By: Mariaan Webb     16th April 2020 Dual-listed SolGold has received strong responses from leading commodity traders to its recent invitation to submit expression of interests (EoI) for the offtake of copper/gold/silver concentrate from its Alpala project, in Ecuador. The company said the high-quality of the concentrate from its... 

PEA under way at Altus’ Diba gold project in Mali

By: Tasneem Bulbulia     16th April 2020 Dual-listed Altus Strategies has appointed independent consulting firm Mining Plus UK to update the historic resource and complete a preliminary economic assessment (PEA) for an openpit oxide gold mine at the company's Diba project, in western Mali. Diba is strategically located 13 km south of... 

Gold giant Newmont says metal could top $2 000 on virus stimulus

By: , Bloomberg     16th April 2020 Gold could top $2 000 an ounce and will remain elevated over the next five years as the global economy contends with the impact of the coronavirus pandemic, according to the head of Newmont, the world’s top miner of the precious metal. “The level of stimulus globally that’s going into the... 

Gold giant Newmont says metal could top $2 000 on virus stimulus
Newmont CEO Tom Palmer

Kodal secures exploration licence extensions in Côte d’Ivoire

By: Marleny Arnoldi     16th April 2020 Aim-listed gold project developer Kodal Minerals has received renewals on its exploration licences for the Dabakala and Korhogo concessions, in Côte d’Ivoire, for a further three years to April 2023. The company is, however, still awaiting an exploration licence renewal for its Boundiali... 

Alrosa achieves good first-quarter sales, maintains diamond output guidance

By: Marleny Arnoldi     16th April 2020 Russia-based diamond miner Alrosa produced eight-million carats of diamonds and sold 9.4-million carats in the first quarter of the year. The company generated sales revenues of $904-million from rough and polished diamonds of $904-million.  

Alrosa achieves good first-quarter sales, maintains diamond output guidance

Hummingbird maintains gold output guidance, advances drilling

By: Marleny Arnoldi     16th April 2020 Aim-listed gold miner Hummingbird Resources is on track to meet its guidance of producing between 110 000 oz and 125 000 oz of gold this year, after achieving decent production in the first quarter of the year and amid minimal Covid-19 impacts. The company produced 30 282 oz at its Yanfolila... 

DRDGold resumes work at reduced levels 

By: Martin Creamer     16th April 2020 Surface gold mining company DRDGold announced on Thursday that work had resumed at reduced levels at the tailings miner's Ergo operation on the East Rand and also at its Far West Gold Recoveries operation. At the Ergo operation, 34% of staff, working a two-shift cycle with a third on standby,... 

DRDGold resumes work at reduced levels
Photo by Creamer Media
DRDGold CEO Niël Pretorius

AngloGold restarts surface operations on limited basis  

By: Martin Creamer     15th April 2020 The surface operations of gold mining company AngloGold Ashanti have restarted on a limited basis following the granting of recommencement permission by South Africa’s Department of Mineral Resources and Energy. The company said in a media release on Wednesday that the restart involved the... 

AngloGold restarts surface operations on limited basis
Photo by Bloomberg
AngloGold CEO Kelvin Dushnisky

Bluejay awarded two new Greenland exploration licences

By: Creamer Media Reporter      15th April 2020 London-listed Bluejay Mining is expanding its Greenland presence with two new exploration licences in the south of the country. The licences cover a total of 2 025 km2 near the southern tip of Greenland. The licences, to be known as the Thunderstone project, is prospective for base metals,... 

Newmont sets up $20m Covid-19 support fund

By: Martin Creamer     15th April 2020 Gold mining company Newmont has established a $20-million community support fund to help host communities, governments and employees combat the Covid-19 pandemic. The New York- and Toronto-listed company, with operations in North America, South America and Australia and Africa, is partnering with... 

Newmont sets up $20m Covid-19 support fund
Photo by Bloomberg
Newmont CEO Tom Palmer
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