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Gold

Rest of 2022 holds many potential demand outcomes

By: Tracy Hancock     1st July 2022 Amid heightened economic and geopolitical uncertainties, the remainder of the year holds a range of potential outcomes for gold demand, says World Gold Council (WGC) Europe, the Middle East and Africa senior analyst Louise Street. “Looking at investment demand, there is a ‘push-and-pull’ effect... 

Alignment breeds success

By: Tracy Hancock     1st July 2022 There seems to be a misperception that if South Africa mechanises and/or digitises its mines, all the country’s problems will disappear, according to business management consultant company OIM Consulting. But this is not the case, states OIM Consulting MD Arjen de Bruin, whose company has been... 

An image of miners underground
OPERATIONAL FIRST Gold Fields acknowledged the significant role OIM Consulting played in the turnaround of South Deep, OIM Consulting’s first underground mine experience

Gold miner’s journey producing results

By: Tracy Hancock     1st July 2022 After 14 months, South Africa’s largest gold producer by volume, Harmony, is just under halfway through its humanistic transformation journey called ‘Thibakotsi’, which aims to embed a culture of safety across its operations, says investor relations head Jared Coetzer. “The most significant... 

An image of miners receiving instruction
PROMOTING PREVENTIVE SAFETY Much of the progress Harmony has made regarding its lost-time injury frequency rate is owing to the identification of leading indicators, which will help prevent accidents before they occur

Oriole achieving good progress on sampling in Cameroon

By: Tasneem Bulbulia     23rd May 2022 Aim-listed Oriole Resources has achieved good progress during an early-stage sampling programme on the eastern portion of its 90%-owned Central Licence Package (CLP) in central Cameroon, CEO Tim Livesey says. The district-scale CLP comprises eight contiguous licences of previously unexplored... 

Gold project shows promising results

4th March 2022 Aim-listed exploration company Oriole Resources, in the last quarter of 2021, completed soil sampling over the southwest region of the Wapouzé licence as well as trenching over previously-identified soil anomalies at the Bataol zone in the east. The Wapouzé gold project in Cameroon is 90%-owned... 

Miner announces appointment of CFO

4th March 2022 Canadian-headquartered gold company Asante Gold Corporation in January announced the appointment of CFO Jon Grygorcewicz following the recent retirement of Philip Gibbs.  Grygorcewicz has previous financial management experience working with companies such as the Australian Stock Exchange and as... 

An image of a large gold nugget, across a black background
Photo by Adobe
NEW FIND Asante's new CFO will enhance our mine development team

Trench programme proves promising

4th March 2022 The trenching programme on the Fié trend at the Kobada gold project in southern Mali, undertaken by Canadian-headquartered miner African Gold Group (AGG), has shown promising results. AGG’s principal asset is the Kobada project, which is in an advanced stage of development having completed the... 

A graphic representation of the  Kobada gold project in southern Mali
Photo by African Gold Group
STRIKING GOLD The trenching programme on the Fié trend at the Kobada gold project in southern Mali shows promising results

DRDGOLD

4th March 2022 DRDGOLD is the only South African mining company involved solely in the retreatment of surface gold tailings and is one of the oldest JSE-listed companies. Coupled with our performance in HY2022, the company bears testimony to the resilience of a business model that has been several years in the... 

DRDGold image

Mine transitions to owner-operator mining

4th March 2022 Gold miner Centamin’s underground operations at its Sukari gold mine in Egypt have shifted away from being mined by contractors to an owner-operated mine, owing to an independently managed contractor tender process. This change comes after the end of the five-year contract at the mine and is... 

An image gold fines made to resemble the shape of the African continent
Photo by Adobe
SETTING THE GOLD STANDARD Centamin’s flagship asset, the Sukari gold mine, is Egypt’s largest and first modern gold mine

Local gold industry shows potential – advisory

4th March 2022 Data released by national statistical service Statistics South Africa indicate that the mining sector continues to contribute substantially to the country’s gross domestic product, owing to the high commodity prices of gold, platinum-group metals and iron-ore, says Vahlengwe Mining Advisory CEO... 

An Adobe stock image of gold bars
Photo by Adobe
GOING FOR GOLD Mabaso explains that the local gold mining industry can return to its former glory

Dewatering processes necessary for gold mines

By: Sabrina Jardim     4th March 2022 Dewatering processes at gold mines can mitigate unsafe working conditions for miners, says AQS Liquid Transfer industrial sales manager Howard Jones. “The capital expenditure required for the correct and most reliable pumping equipment is minute in comparison with the costs associated with the... 

An image of a construction site, on which an Andritz pump is being installed
PUMP INSTALLATION Installation of an Andritz pump supplied by AQS to a mine.

Mining law experts say innovation key to SA gold mining

By: Sabrina Jardim     4th March 2022 Despite a decline in the South African gold mining industry over the past few years, gold production in the country remains the second largest in Africa, and remaining gold mines are still expected to have a significant lifespan, says  ENSafrica senior associate Mihlali Sitefane and associate... 

An image of ENSafrica senior associate Mihlali Sitefane
MIHLALI SITEFANE Gold mining is expected to continue being a key contributor to South Africa’s economy

Responsible sourcing needed

By: Cameron Mackay     25th June 2021 In 2019, South African authorities granted 19 refining licences, while in the rest of sub-Saharan Africa, 26 refineries were either completed or under construction; these refineries increase the likelihood of local beneficiation and can help prevent illegal gold mining or smuggling. Gold refiner... 

All THAT GLITTERS IS NOT GOLD
Rand Refinery supports the establishment of refineries that add value to the African gold industry
All THAT GLITTERS IS NOT GOLD Rand Refinery supports the establishment of refineries that add value to the African gold industry

Company announces recovery operations’ profit

By: Cameron Mackay     25th June 2021 Gold miner Goldplat’s recovery operations achieved a combined operating profit of £4.2-million (compared with £1.053-million in March 2020) for the nine months ended March 31, 2021, as well as a combined operating profit in the third quarter (Q3) of this year of £1.16-million (compared with... 

GOLDPLAT RECOVERY
With the company’s local operations, the year-on-year decrease in Q3 operating profit was owed to increased cost per ton of material, acquired for Goldplat’s low-grade circuit
GOLDPLAT RECOVERY With the company’s local operations, the year-on-year decrease in Q3 operating profit was owed to increased cost per ton of material, acquired for Goldplat’s low-grade circuit

Miner investing in operational improvements

By: Cameron Mackay     25th June 2021 Gold miner Pan African Resources is continuing to invest in its assets locally and improve its operations, including its Barberton Mines Complex, in Mpumalanga; its Evander mine, in Gauteng; and its acquired Mintails’ gold tailings deposit, states Pan African Resources CEO Cobus Loots. Production... 

COBUS LOOTS
Pan African is leveraging the existing underground and surface infrastructure at Evander to access new areas of the underground orebodies
COBUS LOOTS Pan African is leveraging the existing underground and surface infrastructure at Evander to access new areas of the underground orebodies

Firm’s developments can exploit gold resurgence

By: Cameron Mackay     25th June 2021 Despite the effect of the Covid-19 pandemic on gold production last year, production has increased this year, as more producers are building capacity and mining projects resume. As a reagent supplier, Axis House is conducting testwork and plant application trials at local gold producers. 

Company Axis House's flotation process
DEVELOPING TAILORED REAGENTS Axis House metallurgists conduct lab tests during reagent development, where specific parameters can be changed, and the effect investigated with the facility’s test equipment

Gold sales are up, but production is declining

By: Halima Frost     26th February 2021 In its ‘2020 Facts and Figures’ pocketbook, published last month, Minerals Council South Africa notes that despite a total increase in gold sales of 2% South Africa’s gold production figures decreased by 13.7%. The Minerals Council attributes this to “structurally weak fundamentals underpinning... 

SHINY PROSPECTS
The increased price of gold has detracted attention from the decrease in production figures
SHINY PROSPECTS The increased price of gold has detracted attention from the decrease in production figures

Positive results after gold remains resilient

By: Halima Frost     26th February 2021 The worth and resilience of gold has been proven, yet again, with midtier gold producer Pan African Resources reporting very strong results for the financial year ended in June 30, 2020 (FY20), and reasserting its aim to be debt free during 2021. Pan African Resources investor relations head... 

On track to meet production guidance

26th February 2021 Harmony Gold Mining Company announced last month that it is on target to meet yearly gold production guidance of between 1.26-million ounces and 1.3-million ounces after producing 23 183 kg in the six months ended December 31, 2020. Total production for the quarter ended December 31, 2020... 

ON TARGET
Harmony Gold reports it is on target to meet its production guidance after a 38% increase in production in the last quarter
ON TARGET Harmony Gold reports it is on target to meet its production guidance after a 38% increase in production in the last quarter

Global gold event taking place in SA

26th February 2021 The Southern African Institute of Mining and Metallurgy (SAIMM) has announced that, together with the Canadian Institute of Mining, Metallurgy and Petroleum and the Australasian Institute of Mining and Metallurgy, it will be hosting the World Gold 2021 conference in August. The conference will be... 

GOLDEN OPPORTUNITY
SAIMM will be co hosting this years World Gold 21 event in August
GOLDEN OPPORTUNITY SAIMM will be co hosting this years World Gold 21 event in August

Webinar highlights aims for artisanal gold project

By: Halima Frost     26th February 2021 Zahabu Safi project deputy chief of party Lazarre Potier highlighted the three key objectives of the project during a webinar held last month on ‘Exploring gold potential in the Democratic Republic of Congo (DRC)’, which was aimed at drawing attention to the gold prospects of a country renowned... 

SETTING THE BAR
The Zahabu Safi project intends to build on recent successes achieved by donor-funded initiatives to export responsibly-produced gold to jewellery buyers globally
SETTING THE BAR The Zahabu Safi project intends to build on recent successes achieved by donor-funded initiatives to export responsibly-produced gold to jewellery buyers globally

Identifying gold and associated elements with the SciAps Z-300 handheld analyser

26th February 2021 It is now possible to map elemental distribution in geological samples in the field, using the SciAps Z-300 handheld laser induced breakdown spectroscopy (LIBS) analyser, available from Gammatec.  LIBS is a form of atomic emission spectroscopy (AES) that can produce a comprehensive spectral... 

Identifying gold and associated elements with the SciAps Z-300 handheld analyser

Wieland SA

30th September 2020 Wieland SA celebrates 45 years of supplying high-quality, semi-finished copper and copper alloy products to the local and export markets.  Based in Edenvale, Johannesburg, Wieland SA specialises in producing high-performance low- and high-finned mono- and bi-metal tubes. 

Wieland SA

Refinery prepares for ramp-up

By: Mamaili Mamaila     26th June 2020 In line with the Level 4 and Level 3 regulations announced by South Africa’s Cooperative Governance and Traditional Affairs Minister Dr Nkosazana Dlamini-Zuma, precious metals refining and smelting complex Rand Refinery is preparing to ramp up its operations.  

PRAVEEN BAIJNATH 
Rand Refinery remains committed to its obligations
PRAVEEN BAIJNATH Rand Refinery remains committed to its obligations

Tanzanian miner expands to Kenya

By: Mamaili Mamaila     26th June 2020 Aim-listed Tanzanian gold mining company Shanta Gold has acquired TSX-listed Barrick Gold Corporation’s Acacia Exploration subsidiary, in Kenya. 

TANZANIAN SUNRISE 
The outlook for the Tanzanian gold sector in the short and medium term is very positive
TANZANIAN SUNRISE The outlook for the Tanzanian gold sector in the short and medium term is very positive

Nature of mining thwarts pandemic response

By: Mamaili Mamaila     26th June 2020 As almost all of South Africa’s gold mines are underground operations, the lockdown essentially brought this sector to a halt for some time, says independent consulting firm of engineers and scientists SRK Consulting. 

MARCIN WERTZ
While some work can be done remotely, and meetings can be held online, the lack of access to site has hampered some projects
MARCIN WERTZ While some work can be done remotely, and meetings can be held online, the lack of access to site has hampered some projects

Gold secure in times of crisis – WGC

By: Mamaili Mamaila     26th June 2020 The inflows into the gold exchange-traded fund products are indicative of the strength of gold’s “safe haven” appeal. 

JOHN MULLIGAN
Gold mine production is likely to dip in 2020, mainly as a result of Covid-19-related shutdowns
JOHN MULLIGAN Gold mine production is likely to dip in 2020, mainly as a result of Covid-19-related shutdowns

WGC notes increased investor interest

By: Mamaili Mamaila     26th June 2020 The strength of investor interest in gold, particularly once Covid-19 lockdowns became more widespread, is clearly evident in the demand from institutions and investment professionals for gold-backed exchange-traded funds, says gold industry market development organisation the World Gold Council... 

WGC notes increased investor interest

Supplier trials new collector

By: Mamaili Mamaila     26th June 2020 Chemical reagents supplier and distributor Axis House has conducted multiple laboratory scale tests at a South African gold operation, to develop and select a collector that can benefit overall gold recovery. 

BERNARD OOSTENDORP
Axis House is confident that it will achieve a significant improvement during the second trial phase
BERNARD OOSTENDORP Axis House is confident that it will achieve a significant improvement during the second trial phase

Time to ditch the rand for gold – SA Bullion

By: Mamaili Mamaila     26th June 2020 In the first quarter (Q1) of 2020, South Africa was subjected to a sovereign debt rating downgrade by ratings agency Moody’s, SA Bullion MD and analyst Hilton Davies notes. 

HILTON DAVIES
It will not be too many years into the future when it will become difficult to satisfy investment gold demand in South Africa
HILTON DAVIES It will not be too many years into the future when it will become difficult to satisfy investment gold demand in South Africa

Societal and other pressures affecting gold

By: Mc'Kyla Nortje     28th February 2020 Apart from the generational shifts in attitude towards gold in some key markets, notably China, a bigger risk facing the gold industry is its perception by society and how it responds and adapts to societal expectations, says international association World Gold Council (WGC) member and market... 

JOHN MULLIGAN Key changes across the mining supply chain has been the growing awareness of the need to ensure industry acts sustainably and responsibly
JOHN MULLIGAN Key changes across the mining supply chain has been the growing awareness of the need to ensure industry acts sustainably and responsibly
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