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Gemstones News

Mining needs truth-and-reconciliation approach to ESG, says Rifle-Shot’s Naidoo  

By: Martin Creamer     29th March 2023 Mining companies need to approach environmental, social and governance (ESG) principles on a truth and reconciliation footing and be honest about where they are on a scale of one to 10, says Rifle-Shot Performance business development director Dilley Naidoo. Naidoo, who spoke to Mining Weekly on... 

Platinum group metals can add million South African jobs plus R8-trillion to economy  

By: Martin Creamer     28th March 2023 Collaborative marketing of platinum group metals (PGMs) has the potential to add a million more South African jobs and contribute R8-trillion more to the economy as the world greens and lowers carbon intensity. The combination of green hydrogen displacing natural gas and fuel cell electric... 

Platinum group metals can boost South African jobs and economic growth.
PGM Industry Day covered by Mining Weekly’s Martin Creamer. Video editing: Darlene Creamer.

Gemfields emeralds auction generates $21.2m in revenue

By: Creamer Media Reporter      27th March 2023 Gemstone miner Gemfields' first emerald auction of this year generated revenue of $21.2-million. "Gemfields' first auction of 2023 has yielded a sound outcome. While it is evident that the market has normalised appreciably following the exuberance we experienced in 2022, this auction delivered... 

Gemfields full-year profit rises 2% on record ruby, emerald sales

By: Reuters     24th March 2023 Faberge jewellery brand owner Gemfields Group reported a 2% rise in full-year profit on Friday helped by higher prices for uncut emeralds and rubies. The precious stone miner said headline earnings per share, the main profit measure in South Africa, rose to 4.8 US dollar cents for the year ended... 

Safety environment that almost guarantees that people come first is a must, says Naidoo  

By: Martin Creamer     20th March 2023 Mine safety is absolutely essential. Stopping injury and fatality in mines just has to happen. How can South Africa achieve the zero harm that is needed? This was Mining Weekly’s opening question to Dilley Naidoo, the director of business development at Rifle-Shot Performance. (Also watch... 

Mining is striving for zero harm.
Rifle-Shot Performance's Dilley Naidoo interviewed by Mining Weekly's Martin Creamer. Video and Video Editing: Darlene Creamer.

Petra’s latest tender cycle seen as confirming improving diamond price trend 

By: Martin Creamer     15th March 2023 Diamond mining and marketing company Petra has sold $72.1-million worth of rough diamonds in its fourth tender cycle, which is 12.5% up on the third tender's like-for-like prices and which is viewed as confirming an improving diamond price trend. Petra CEO Richard Duffy ascribed the positive... 

Petra Diamonds CEO Richard Duffy.
Photo by Creamer Media
Petra Diamonds CEO Richard Duffy.

Banking has crucial role to play in enabling mining to transition to clean energy, says Nedbank CIB 

By: Martin Creamer     14th March 2023 The banking sector has a crucial role to play in enabling mining companies to transition to clean energy fully, says Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo. “Innovative funding structures and sustainable-finance solutions can help... 

Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.
Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.

Re-pursue exploration to help re-build South Africa’s economy, says business booster   

By: Martin Creamer     13th March 2023 Let us re-pursue the exploration investment that catalysed South Africa’s economic growth more than a century ago as a means of helping to rebuild South Africa’s struggling economy. That is among the ardent messages put over by mining sector performance enhancer Dilley Naidoo, the the director of... 

Dilley Naidoo, Director of Business Development, Rifle-Shot Performance.
Rifle-Shot Performance's Dilley Naidoo interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Higher commodity prices failing to spur fixed mining investment  

By: Martin Creamer     28th February 2023 The regulatory uncertainties and inability of the industry to transparently, quickly and efficiently apply for mining and prospecting rights in a corruption-free manner has had severe investment consequences, Minerals Council South Africa states in its Facts & Figures Pocketbook 2022. This is... 

South African mining remained a trillion rand industry for the second year in 2022.
South African mining remained a trillion rand industry for the second year in 2022.

URA completes acquisition to take ownership of extensive Gravelotte mine

By: Donna Slater     27th February 2023 LSE-listed diversified explorer URA has completed the acquisition of 100% of the issued shares in Gem Venus Holdings – the owner of the majority interest in the Gravelotte emerald mine, in South Africa’s Limpopo province, from ASX-listed Magnum Mining and Exploration. Through the acquisition,... 

Trackless mobile machine safety next big challenge, says Minerals Council  

By: Martin Creamer     27th February 2023 Having last year achieved the lowest fall of ground fatalities ever, South African mining’s next big safety challenge is to achieve greater safety in the use of trackless mobile machines – rubber-tired vehicles that operate in underground mines without making use of rail tracks. In 2021, South... 

From left to right, Nikisi Lesufi, Japie Fullard, Roger Baxter and Allan Seccombe.
From left to right, Nikisi Lesufi, Japie Fullard, Roger Baxter and Allan Seccombe.

Anglo has 600 MW keyed up ready to go, green hydrogen also developing rapidly, says Wanblad  

By: Martin Creamer     23rd February 2023 All policy in South Africa specifically relating to energy certainly does tend to be moving into a path of time and space where it really is incentivising the building out of renewable energy generation capacity in the country, said Anglo American CEO Duncan Wanblad on Thursday when the London-... 

Anglo American CEO Duncan Wanblad.
Anglo American results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Minerals Council welcomes 125% energy tax break in Budget speech

By: Martin Creamer     22nd February 2023 Minerals Council South Africa welcomed the government’s intervention on Eskom’s debt and the financial encouragement to stimulate businesses building renewable energy projects by offering generous tax incentives as outlined in the 2023 Budget Speech. The Minerals Council believes there should be... 

Gemfields has its eye on security measures following Cabo Delgado attacks 

By: Donna Slater     21st February 2023 Gemstone miner Gemfields, which has operations in Mozambique and Zambia, has reiterated the emphasis it places on operational personnel's safety in Mozambique following a series of insurgent attacks in the country, with a current hotspot in the Cabo Delgado province. It has been alleged that the... 

an image of the Montepuez ruby mine in Cabo Delgado, Mozambique.
The Montepuez ruby mine in Cabo Delgado, Mozambique.

South Africa’s hydrogen corridor will create 14 000 jobs, says Anglo Platinum CEO  

By: Martin Creamer     20th February 2023 South Africa’s hydrogen corridor, which has been declared a strategic project, will create 14 000 jobs and consume 63 000 oz of platinum, Anglo American Platinum CEO Natascha Viljoen told Mining Weekly on Monday. Viljoen’s interview by Mining Weekly followed the JSE-listed company’s presentation... 

Anglo American Platinum CEO Natascha Viljoen (left) and FD Craig Miller at the results presentation.
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Darlene Creamer

Opportunity to commercialise greenness of South Africa’s nuclear power, says South32 

By: Martin Creamer     17th February 2023 Nuclear power is part of the green taxonomy in Europe, where South Africa places most of its aluminium products and where most of the price pressures on non-green aluminium are going to arise in the coming years. But, for some reason, nuclear energy is not part of the green taxonomy in South Africa. 

South32 COO Noel Pillay.
South32 COO Noel Pillay.

Growing need for critical raw materials highlighted by US, EU policies – Glencore  

By: Martin Creamer     15th February 2023 Recent government policies, such as the US's Inflation Reduction Act and the European Union’s proposed Green Deal Industrial Plan, demonstrate the growing need for critical raw materials through to the end of the decade and beyond, necessitating fresh investment in both primary supply and... 

Glencore CEO Gary Nagle.
Glencore results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Green hydrogen moves by China, India boosting outlook for platinum group metals  

By: Martin Creamer     14th February 2023 The firm embrace of the new green hydrogen and hydrogen fuel cell future by China and India is a huge twin boost for Southern Africa’s great platinum group metals (PGMs) endowment, Mining Weekly can today report. Hydrogen technologies have a special relevance for South Africa as most of the PGMs... 

Prime Minister Narendra Modi is intent on making India a global green hydrogen hub.
Photo by Hydrogen Council
Prime Minister Narendra Modi is intent on making India a global green hydrogen hub.

Gemfields evacuates Moz exploration camp following nearby insurgent attack

By: Donna Slater     14th February 2023 Gemstone miner Gemfields has evacuated operational employees and contractors from its 75%-owned Nairoto Resources exploration camp following an insurgent attack in the village of Nairoto in the Cabo Delgado province of Mozambique. The village of Nairoto lies about 15 km southwest of the Nairoto... 

Sustainable mining companies can gain from sustainable finance trends – Webber Wentzel 

By: Martin Creamer     13th February 2023 Mining companies that can demonstrate responsible and sustainable mining practices can set themselves up to take advantage of the current environmental social governance (ESG) and sustainable finance trends, says law firm Webber Wentzel. “In 2023, ESG will continue to gain regulatory traction... 

Webber Wentzel highlights funding opportunity for mining companies that are doing the right thing.
Photo by Creamer Media
Webber Wentzel highlights funding opportunity for mining companies that are doing the right thing.

Just energy transition could spur R1.5-trillion green investment – Cliffe Dekker Hofmeyr   

By: Martin Creamer     10th February 2023 Through the just energy transition investment plan, R1.5-trillion could be invested in South Africa over the next five years in new frontiers of renewable energy, green hydrogen and electric vehicles, says law firm Cliffe Dekker Hofmeyr (CDH). Moreover, with the national state of disaster being... 

New frontiers of renewable energy, green hydrogen and electric vehicles have potential to grow the economy significantly.
New frontiers of renewable energy, green hydrogen and electric vehicles have potential to grow the economy significantly.

Global renewable energy generation to hit 320 GW this year, Mining Indaba hears 

By: Martin Creamer     9th February 2023 Renewable energy capacity will increase by 8% to 320 GW this year, Ivanhoe Mines founder and CEO Robert Friedland told the Investing in African Mining Indaba on Wednesday at an event themed on the comment of former US president John F Kennedy that the moon launch was being undertaken “not because... 

Ivanhoe Mines founder and CEO Robert Friedland.
Ivanhoe Mines founder and CEO Robert Friedland.

Venetia Underground Project will achieve operational readiness, first production in 2023 

By: Simone Liedtke     8th February 2023 The Venetia Underground Project (VUP) of diamond company De Beers will achieve operational readiness and first production in 2023, bringing to conclusion a decade-long construction programme that officially started with the first sod turning in 2013. The $2-billion project, located to the west of... 

Venetia Underground Project will achieve operational readiness, first production in 2023
De Beers Group Managed Operations MD Moses Madondo speaks to Creamer Media's Simone Liedtke about the Venetia Undergorup Project. Video and editing: Nicholas Boyd.

Ramaphosa determined to remove all impediments in way of sustained mining growth 

By: Martin Creamer     7th February 2023 The Presidency is determined to remove all impediments in the way of the sustained growth of the South African mining industry, President Cyril Ramaphosa told the Investing in African Mining Indaba on Tuesday, where he drew full auditorium applause. In addition, Minerals Council South Africa... 

President Cyril Ramaphosa and DRC president Félix Tshisekedi.
President Cyril Ramaphosa and DRC president Félix Tshisekedi.

Ever greater global acknowledgement of need to decarbonise ever more urgently – Anglo 

By: Martin Creamer     6th February 2023 Ever greater acknowledgement is being given to the need to decarbonise global energy and transport systems ever more urgently. At the same time, ever greater global recognition is being given to the fact that many of the products of mining are fundamental to enabling that shift. 

Anglo American CE Duncan Wanblad.
Anglo American CE Duncan Wanblad.

Seriti Green raises need for Africa to appraise vanadium as electricity storage battery metal  

By: Martin Creamer     3rd February 2023 Wind farm builder Seriti Green, which is planning substantial electricity storage capacity at its big renewable energy project in Mpumalanga, has raised the need for vanadium to be appraised as a battery storage metal of choice in Africa owing to the difficulties of sourcing lithium batteries.... 

From left, Layton Nenzinane, Peter Venn and Doug Gain.
Seriti Green Mpumalanga wind farm developers talk to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Proudly South African technology catches eye of fusion project researchers 

By: Martin Creamer     3rd February 2023 Innovative Proudly South African membraneless technology has caught the eye of the engineers involved in the huge global ITER fusion project as a possible solution to recover tritium from tritiated water. The membraneless technology is the brainchild of Hydrox Holdings engineers, based in... 

The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.
Photo by Creamer Media Chief Photographer Donna Slater
The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.

Ramaphosa to deliver keynote address at Mining Indaba

By: Martin Creamer     2nd February 2023 South African President Cyril Ramaphosa has confirmed his attendance at the Mining Indaba taking place in Cape Town next week, from Monday to Thursday. Ramaphosa, accompanied by eight ministers and three deputy ministers, will deliver a keynote address on Tuesday, 7 February. 

President Cyril Ramaphosa, President of South Africa.
President Cyril Ramaphosa, President of South Africa.

Gemfields reports record $333m revenue for 2022

By: Creamer Media Reporter      31st January 2023 Gemstone miner Gemfields, which operates emerald and ruby mining operations in Zambia and Mozambique, respectively, reports that its revenue for 2022 had reached a record $333-million. That includes revenue from its gemstone auctions, as well as from the sale of jewellery, watches and objets... 

A ruby mined at Gemfields' Montepuez mine, in Mozambique

Green hydrogen mine mobility on way in India to platinum applause

By: Martin Creamer     19th January 2023 India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled. 

Anglo American's large nuGen zero emissions haulage solution.
Photo by Creamer Media
Anglo American's large nuGen zero emissions haulage solution.

Historic Koffiefontein diamond mine to be placed on care and maintenance – Petra 

By: Martin Creamer     16th January 2023 London-listed Africa-focused Petra Diamonds announced on Monday that the historic Koffiefontein diamond mine would be placed on care-and-maintenance. As reported by Mining Weekly in May last year, Petra was exploring a responsible exit from its investment in the Koffiefontein diamond mining... 

Petra's Cullinan diamond mine in Gauteng.
Petra's Cullinan diamond mine in Gauteng.

Platinum-boosting clean hydrogen projects, patents are all the rage 

By: Martin Creamer     11th January 2023 The implementation agreement for Namibia’s planned multibillion-dollar Hyphen Hydrogen Energy project is scheduled to commence in the first quarter of this year, Namibia President Hage Geingob revealed in his 2023 New Year’s message. Egypt has granted approval for two green hydrogen projects in... 

Clean hydrogen patent innovation is all the rage, say IEA and EPO.
Clean hydrogen patent innovation is all the rage, say IEA and EPO.

Enable South Africa to become green hydrogen centre – ANC

By: Martin Creamer     9th January 2023 Enabling South Africa to become a green hydrogen centre through government support is highlighted in the January 8 Statement 2023 of the National Executive Committee (NEC) of the African National Congress (ANC). "The ANC recognises important work in the Hydrogen Roadmap and directs government to... 

Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.
Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.

Gemfields to buy back up to $10m of shares

By: Creamer Media Reporter      20th December 2022 Gemstone miner Gemfields has started a share buy-back programme to buy up to $10-million worth of ordinary shares. The share buy-back represents an opportunity to promote Gemfields' financial success and is a good use of surplus cash, on the basis that Gemfields is able to invest in itself at an... 

Gemfields achieves record yearly revenue from ruby, emerald auctions

By: Marleny Arnoldi     9th December 2022 UK-headquartered Gemfields has generated $66.8-million of revenue from 98 lots of rough rubies sold on auction between November 21 and December 8. The auction lots were made available for in-person and private viewings by customers in Bangkok, following which the auction took place through an... 

Anglo invests $200m to accelerate zero emissions haulage solution 

By: Martin Creamer     7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... 

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives global solutions head Oliver Beck.
Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.
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