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R/€ = 18.3034 Change: 0.0019
R/$ = 17.3544 Change: 0.1768
Au 1797.30 $/oz Change: 0.00
Pt 1028.50 $/oz Change: 0.00
 

Gemstones News

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.

South Africa’s crime crisis ruling out economic growth, sustainability discussion hears 

By: Martin Creamer     23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... 

Roger Baxter.
Roger Baxter.

Platinum moving into meaningful deficit amid emergent source of new end-demand 

By: Martin Creamer     22nd November 2022 Platinum is moving into meaningful deficit amid an emergent source of new end-demand in the form of green hydrogen. The 2022 surplus of 804 000 oz is projected to move into a deficit of 303 000 oz in 2023, according to the Platinum Quarterly of the World Platinum Investment Council (WPIC) for the... 

World Platinum Investment Council director of research Edward Sterck.
World Platinum Investment Council Director of Research Edward Sterck interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

URA announces 29Mct emerald mineral resource estimate at Gravelotte

By: Darren Parker     21st November 2022 Exploration company URA Holdings, which has assets in South Africa and Zambia, has announced an independent maiden Joint Ore Reserves Committee (Jorc) 2012 mineral resource estimate of 29-million carats of contained emerald at its 74%-owned Gravelotte emerald mine, in Limpopo.  The maiden Jorc... 

polished and cut emerald

Gemfields' latest emerald auction generates nearly $31m in revenue

By: Marleny Arnoldi     18th November 2022 JSE- and Aim-listed Gemfields has generated $30.8-million in revenue from the sale of rough emeralds during an auction, comprising five sequential mini-auctions, held from October 30 to November 17. The company offered 37 lots for sale, of which 34 were sold, at an average price of $76.78/ct.  

Top green hydrogen/fuel cell collaboration boost for platinum-group metals 

By: Martin Creamer     16th November 2022 A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green hydrogen technology that is competitive with fossil fuels.  The aim of agreement is to help accelerate the industrialisation of Nel’s proton exchange... 

Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.
Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.

Qld makes plans to back small-scale miners

By: Esmarie Iannucci     10th November 2022 The Queensland government will introduce a suite of possible changes to support the continued operation of small-scale miners in the state, with a moratorium on new claims to end as scheduled on November 24. “The 12-month moratorium has served its purpose and allowed government to talk to... 

Investment needed for outgoing coal, incoming renewables, impacted communities, Mapungubwe highlights 

By: Martin Creamer     8th November 2022 With South Africa having committed to transition away from coal, investments will not only be required for the retiring of coal plants and the ramping up of renewable energy, but also for coal communities, who will require alternative economic development plans to sustain the livelihoods of all... 

President Cyril Ramaphosa arriving in Egypt for COP27.
President Cyril Ramaphosa arriving in Egypt for COP27.

Gemfields to auction 187 775 ct Kafubu emerald cluster

By: Donna Slater     3rd November 2022 Gemstone miner Gemfields is set to put on auction the 187 775 ct (37 555 g) cluster of emeralds that was unearthed in the Chama pit of the miner’s 75%-owned Kagem emerald mine, in Zambia, in March 2020. Viewings of the cluster opened on October 31, with bidding to close on November 17. 

The Kafubu cluster
The Kafubu cluster

Green hydrogen truck trials going well – Anglo 

By: Martin Creamer     1st November 2022 The 500 t world-first haulage truck powered by green hydrogen last week underwent fully loaded trialling that included tipping into the crusher at Anglo American Platinum's Mogalakwena platinum group metals mine in Limpopo. “The trials all went well,” Anglo American group technical director Tony... 

Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.
Photo by Creamer Media
Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.

Make green hydrogen part of official economic recovery plan, Dept of Science and Innovation urges  

By: Martin Creamer     26th October 2022 South Africa should leverage the hydrogen opportunity as part of its official economic reconstruction and economic recovery plan. Dr Cosmas Chiteme, the director of hydrogen and energy at Department of Science and Innovation, highlighted this as the top key message on the way forward at the... 

Dr Cosmas Chiteme, Director of Hydrogen and Energy, Department of Science and Innovation.
Mistra platinum group metals event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Key Montepuez personnel return to site, operations resume

By: Donna Slater     24th October 2022 Key operational personnel have returned to Gemfields’ majority-owned Montepuez Ruby Mining (MRM) operation in Cabo Delgado, Mozambique, and basic operations have resumed. Operational employees and contractors were ordered out of the 75%-owned MRM operation on October 20 following an insurgent... 

Gemfields halts Mozambique operations after attack at nearby ruby mine

By: Reuters     20th October 2022 Precious gem miner Gemfields Group has stopped operations at its Montepuez ruby mine in Mozambique's Cabo Delgado province after an attack was reported at a nearby facility, it said on Thursday. "This morning, an attack attributed to insurgent activity has been reported at the neighbouring ruby... 

Sasol/Saldanha sign MoU for green hydrogen hub in Western Cape

By: Martin Creamer     18th October 2022 Integrated energy and chemicals company Sasol, already a seasoned grey hydrogen producer, and Freeport Saldanha Industrial Development Zone on Tuesday announced the signing of a memorandum of understanding  (MOU) to facilitate a green hydrogen hub in the Western Cape. In terms of the MOU, the... 

Freeport Saldanha CEO Kaashifah Beukes.
Freeport Saldanha CEO Kaashifah Beukes.

Enabling exploration is urgently needed to put South African mining back in ‘sunrise’ mode  

By: Martin Creamer     17th October 2022 High on the list of the steps that must be taken to stop South African mining from fading further into sunset mode is free access to geological information from State institutions such as the Council for Geoscience. Next is the provision of a modern, functional, and transparent mineral cadastre... 

Botswana Diamonds CEO James Campbell.
Botswana Diamonds CEO James Campbell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Shell consortium accelerating electrification of mine haul trucks  

By: Martin Creamer     12th October 2022 Transitioning oil, gas, fuels and lubricants company Shell has established a nine-member consortium to create electrification solutions for mining sites. The electrification offers a shift away from reliance on diesel. (Also watch attached Creamer Media video.) 

Shell VP Sectoral Decarbonisation & Innovation Grischa Sauerberg.
Shell decarbonisation webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Development is only conversation South Africa should be having, Cutifani tells Joburg Indaba  

By: Martin Creamer     6th October 2022 Development is the only conversation that South Africa should be having, former Anglo American CEO, director and consulting business executive Mark Cutifani said amid strong applause at the Joburg Indaba on Thursday – and mining should be recognised as an industry that can serve as a very... 

Former Anglo America CEO, director and consulting business executive Mark Cutifani.
Mark Cutifani’s address to the Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa’s geological prospectivity fantastic, says Minerals Council CEO  

By: Martin Creamer     5th October 2022 South Africa’s geological prospectivity is fantastic, Minerals Council South Africa CEO Roger Baxter told the Joburg Indaba on Wednesday. This is so even though only 15% of South Africa's surface area has been mapped at a high-resolution 50 000-to-1 geophysical level, and even though this... 

Minerals Council South Africa CEO Roger Baxter.
Minerals Council South Africa CEO Roger Baxter at Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Helping world transition to net-zero carbon is mining's biggest opportunity, says Minerals Council president 

By: Martin Creamer     5th October 2022 The biggest opportunity mining has as an industry is to help the world to transition to a net-zero carbon world, Minerals Council South Africa president Nolitha Fakude said on Wednesday. Fakude, who is also chairperson of Anglo American's management board in South Africa, highlighted this during... 

Minerals Council South Africa president Nolitha Fakude.
Minerals Council South Africa president Nolitha Fakude.

Investment required to meet mining’s decarbonisation, power challenges – PwC  

By: Martin Creamer     4th October 2022 South Africa’s mining sector will be required to make major investments into alternative and renewable energy sources and energy planning to address the dual challenges of decarbonisation and reliable power supply, PwC said on Tuesday when it launched its SA Mine report, which highlights mining’s... 

Less than 5% of energy consumed by South African mining in 2020 sourced from renewables.
PwC’s SA Mine 2022 covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Zimbabwe wants half of royalties paid in gems, precious metals

By: Bloomberg     30th September 2022 Zimbabwe wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash, as the southern African country seeks to build its mineral reserves. The Treasury was concerned that the country does not have reserves of the... 

Gemfields reports record interim auction revenues

By: Darren Parker     29th September 2022 Gemstones supplier Gemfields has reported “record-breaking” auction revenues and an “all-time high” cash position for the six months ended June 30, resulting in the company declaring an interim dividend of $15-million. Gemfields reported revenues of $193.2-million for the interim period, up from... 

emeralds

Minerals Council ‘absolutely adamant’ about need for commercially available cadastre  

By: Martin Creamer     29th September 2022 The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include... 

Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell.
Grant Mitchell: Minerals Councll Junior and Emerging Miners Desk webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Gemfields records revenues of $4.2m from ruby auction

By: Tasneem Bulbulia     27th September 2022 Aim-listed Gemfields generated revenues of $4.2-million from an auction of predominantly commercial-quality sapphire, corundum and low-quality ruby held from September 19 to 23. The gemstones were extracted by Montepuez Ruby Mining (MRM), which is 75%-owned by Gemfields and 25% by Mwiriti Limitada. 

Green hydrogen, fuel cells important part of any future energy system, says global strategist  

By: Martin Creamer     27th September 2022 Green hydrogen and fuel cells will be a very important part of any future energy system, says Switzerland-based energy and sustainability consultancy strategist Dr David Hart. Among the electrolysers that convert renewable electricity into green hydrogen are proton exchange membrane (PEM)... 

Dr David Hart, E4tech.
E4tech’s Dr David Hart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africans urged to turn exploration into Big Hairy Audacious Goal   

By: Martin Creamer     24th September 2022 South Africans have been urged to rally around exploration as this country's Big Hairy Audacious Goal – a BHAG – so that what is described as "our lowest hanging economic fruit" can be turned to positive account. Council for Geoscience CEO Mosa Mabuza, who was speaking in support of the junior... 

Council of Geoscience CEO Mosa Mabuza.
Council for Geoscience CEO Mosa Mabuza, covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

New fund-raising product appropriate for junior miners, says JSE  

By: Martin Creamer     23rd September 2022 The JSE has a new product that is appropriate for fund-raising by junior mining companies, JSE origination and deals head Sam Mokorosi said on Friday. Mokorosi, who was speaking at Minerals Council South Africa’s Junior and Emerging Miners Desk webinar, highlighted the new product against the... 

JSE origination and deals head Sam Mokorosi.
Minerals Council South Africa’s Junior Miner Webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

World’s largest battery-electric mine truck heading for commercial availability in 2024   

By: Martin Creamer     21st September 2022 The world’s largest battery-electric truck for underground mining is on its way to becoming commercially available in 2024. Sandvik’s 65 t TH665B machine removes between 1 t and 2 t of carbon dioxide (CO2) a day, along with heat and noise. 

Jakob Rutqvist, Sandvik VP strategy and commercial for battery and hybrid/electric-vehicles business unit of Sandvik Mining & Rock Solutions.
Sandvik VP Jakob Rutqvist interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Kagem emerald sales remain strong as latest auction generates $32.9m

By: Creamer Media Reporter      20th September 2022 Gemstone miner Gemfields' latest auction of commercial-quality emeralds recovered from the Kagem mine, in Zambia, generated revenue of $32.9-million – the second-highest figure ever at a Kagem commercial quality auction. “The results announced today confirm once again that 2022 is the strongest... 

Minerals Council urges faster inclusion of private electricity suppliers 

By: Martin Creamer     19th September 2022 The Minerals Council South Africa supports President Cyril Ramaphosa’s electricity recovery plan and urges more rapid private sector participation in resolving the country’s deepening electricity crisis. Minerals Council members have 6 500 MW of embedded energy projects in the pipeline which will... 

Minerals Council South Africa CEO Roger Baxter.
Minerals Council South Africa CEO Roger Baxter.

Ministers follow President in visiting Jagersfontein diamond disaster area

By: Martin Creamer     12th September 2022 Following the visit of President Cyril Ramaphosa to the Jagersfontein-Charlesville area in the Free State, Minerals Resources and Energy Minister Gwede Mantsashe will today visit the diamond tailings deposition dam that burst its banks, killing at least one person and destroying homes. Mineral... 

Google map of the Jagersgontein tailings dam, which has burst its banks.
Photo by Google Maps
Google map of the Jagersgontein tailings dam, which has burst its banks.

South Africans called on to apply for funding to build South Africa’s hydrogen economy 

By: Martin Creamer     19th August 2022 A call for funding applications to be submitted for the development of the hydrogen economy is made in an advertisement placed today by South Africa’s Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation (DSI). The call is for funding applications to be... 

Call for applications for funding for developing the hydrogen economy in South Africa.
Call for applications for funding for developing the hydrogen economy in South Africa.

Environmental, social and governance elevating to safety-equalling status, mining webinar hears  

By: Martin Creamer     11th August 2022 The shift from linear to circular value chains has the potential to impact all aspects of mining and requires a rethink, Anglo American Platinum sustainable impact head Stephen Bullock has told a Southern African Institute of Mining and Metallurgy (SAIMM) webinar. In a presentation on the... 

Anglo American Platinum sustainable impact head Stephen Bullock.
Southern African Institute of Mining and Metallurgy webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

President Ramaphosa’s got it right, says ex-Eskom CEO on new energy plan  

By: Martin Creamer     1st August 2022 African Rainbow Energy and Power CEO and former Eskom CEO Brian Dames concurs fully with the energy plan unveiled by President Cyril Ramaphosa. “I think he’s got it right,” was Dames's summing up of the President's energy initiative during a discussion at the Coal & Energy Transition Day, covered... 

Creamer Media screenshot image.
Coal & Energy Transition Day covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

De Beers pleased with strong set of first-half results  

By: Martin Creamer     28th July 2022 In the six months to June 30, rough diamond production of the De Beers Group increased by 10% to 16.9-million carats, reflecting a strong operational performance and higher planned levels of production to meet continued strong demand for rough diamonds. Underlying earnings before interest tax... 

De Beers Group CFO Sarah Kuijlaars
De Beers Group CFO Sarah Kuijlaars interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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