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Gold

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... 

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 track to meet production guidance
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... 

Global gold event taking place in SA
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... 

Webinar highlights aims for artisanal gold project
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.  

Refinery prepares  for ramp-up
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 miner expands to Kenya
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. 

Nature of mining thwarts pandemic response
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. 

Gold secure in times of crisis – WGC
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. 

Supplier trials  new collector
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. 

Time to ditch the rand for gold – SA Bullion
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... 

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

Gold strong despite dip in demand

By: Mc'Kyla Nortje     28th February 2020 Despite gold demand declining by 1% to 4 335 t in 2019 – as reported by international association the World Gold Council (WGC) – central bank demand for gold and gold exchange traded fund (ETF) purchases remained strong, says WGC member and market relations director John Mulligan. Referencing the... 

Gold strong despite dip in demand
CUSTOMER UNCERTAINTY Rapidly rising gold prices often cause uncertainty among consumers

Award recognises innovative tailings management

28th February 2020 Satellite telecommunications company Inmarsat, with its collaborator engineering consultant Knight Piésold UK, won London-based industry publication Mining Magazine’s 2019 Editor’s Award for their innovative tailings dam monitoring solution, last month. The award celebrates companies that have... 

Mines’ demand for hybrid energy increases

By: Mc'Kyla Nortje     28th February 2020 As the mining industry is continuously striving for sustainable extraction – and with high electricity costs and environmental impact as key factors – power provider Aggreko has seen increased interest in its hybrid energy microgrids, says Aggreko Africa MD John Lewis. Since launching the... 

Mines’ demand for hybrid energy increases
LIGHT IT UP The Aggreko power project at Banro Resources

Price outlook does not offset gold sector’s challenges

By: Mc'Kyla Nortje     28th February 2020 Despite the challenges that the local gold sector faces, the gold price remains strong, which is likely to continue in the short term, notes multinational professional services firm EY Africa energy and natural resources leader Wickus Botha.  He points out that these challenges primarily lie in... 

Price outlook does not offset gold sector’s challenges
WICKUS BOTHA The success and sustainability of mining companies depends on their ability to engage, and provide sufficient response for all stakeholder needs

Engineering firm secures large plant order

28th February 2020 Engineering company FLSmidth will supply a new gold processing plant to JSC Pavlik in the Magadan region in the east of Russia. The order, valued at around R626-million, will be booked in the first quarter of 2020. The planned seven-million-tonne-a-year plant will operate alongside the highly... 

Engineering firm secures large plant order
GOLD STANDARD PROCESSING FLSmidth will supply equipment across the complete flowsheet as well as including a complete plant electrical and automation package.

Gold miner distributed $690m in host communities in 2018

28th June 2019 Gold mining company Gold Fields’ investment in communities goes well beyond socioeconomic development and compliance spending, says Social, Ethics and Transformation Committee chair Dr Carmen Letton. The company is making considerable progress in sharing the value it creates with the communities... 

Gold miner distributed $690m in host  communities in 2018
Photo by Creamer Media
ATTENTION TO DETAIL Gold Fields continues to focus on building a more diverse and inclusive workforce

Gold producer reports improved LTIF rate and gold production

28th June 2019 Gold mining and exploration company Harmony Gold reported a 4% improvement in its lost time injury frequency rate (per million hours) to 6.16 in the nine months ended March 31, this year, compared with 6.43 for the nine months ended March 31, 2018. This is according to an operational update... 

Gold producer reports  improved LTIF rate  and gold production
PRODUCTION BOOST The acquisition of Moab Khotsong and build up in production from Hidden Valley saw Harmony Gold achieve increased production for the nine months ending March 2019

Refinery looks to rest of Africa for gold volumes

By: Tracy Hancock     28th June 2019 One of the world’s largest integrated single-site precious metals refining and smelting complexes, Rand Refinery can refine more than 300 t/y of gold, but the South African gold mining industry is producing less than half this volume. According to financial markets data provider Refinitiv’s GFMS... 

Refinery looks to rest of Africa for gold volumes
ADDRESSING AFRICA Rand Refinery remains proudly African and committed to developing the gold industry across the continent

Soil grid survey reveals three distinct gold geochemical trends

28th June 2019 Three prominent gold geochemical trends have been identified at Vancouver-based gold exploration and development company Nexus Gold’s 100%-owned Dakouli 2 exploration permit located in central Burkina Faso, West Africa, following a 150 line kilometre soil geochemistry survey. The primary gold... 

Soil grid survey reveals three distinct gold  geochemical trends
Photo by Nexus Gold
ACTIVE IN WEST AFRICA The Bouboulou gold concession, 75 km northwest of Burkina Faso’s capital, Ouagadougou, is one of four West African projects where Nexus Gold is concentrating its efforts on establishing a compliant resource

Global Gold

28th June 2019 Global Gold is a proudly South African company that focuses on beneficiating and distributing Africa’s precious and non-precious metals. Established in 1992, most of Global Gold’s highly skilled workforce have worked for the company for over 20 years. 

Global Gold

Harmony Gold Mining Company Limited “Harmony”

28th June 2019 Harmony, a gold mining and exploration company, conducts its activities in South Africa, one of the world’s best-known gold mining regions, and in Papua New Guinea, one of the world’s premier new gold-copper regions. With almost 70 years of experience, Harmony is South Africa’s largest gold... 

Harmony Gold Mining Company Limited “Harmony”

Demand for gold jewellery up in SA, but imports favoured 

By: Tracy Hancock     28th June 2019 The popularity of gold jewellery globally and locally has held steady, with demand increasing in South Africa, owing to the increase in middle-class spend, says the local jewellery industry custodian Jewellery Council of South Africa chairperson Chris van Rensburg. He says demand for gold has... 

Demand for gold jewellery up in SA, but imports favoured
Jewellery Council of South Africa chairperson Chris van Rensburg talks about local demand for gold jewellery. Camerawork and Editing: Nicholas Boyd.

Company supplies incinerator to gold mine in Tanzania

By: Jessica Oosthuizen     8th March 2019 Johannesburg-based incineration technology company Saubatech supplied a gold recovery incinerator to a gold mine in Tanzania last month, says Saubatech director Andreas Thieme. The mine is operated by a gold major and the recovery system is being commissioned by Saubatech. 

Company supplies  incinerator to gold mine in Tanzania
GOLD RECOVERY INCINERATOR The system provides a reliable and cost-effective method to recover gold from fine carbon

Declining gold industry needs discovery, innovation

By: Jessica Oosthuizen     8th March 2019 The gold mining industry has played a significant role in South Africa for 130 years and continues to play a valuable role, but, this is an industry that is mature, and in the absence of major new discoveries or innovative means to reach and mine its deep and otherwise more marginal reserves,... 

Declining gold industry needs discovery, innovation
CHALLENGING ENVIRONMENT The local gold mining industry continues to face significant challenges

Gold demand could increase over long term

By: Jessica Oosthuizen     8th March 2019 Many African countries are traditionally gold-producing, but there could be significant growth in gold demand in the long term for the continent, says market development organisation for the gold industry World Gold Council (WGC) market intelligence head Alistair Hewitt. Africa has the youngest... 

Gold demand could increase  over long term
Photo by Bloomberg
DEMAND DRIVERS The interplay between market risk and economic growth is expected to drive gold demand globally

Refinery looks to source material from Africa

By: Jessica Oosthuizen     8th March 2019 As part of its strategy to sustain and grow its smelter operations, precious metals smelting and refining complex Rand Refinery is looking to the rest of Africa for feedstock, owing to the declining gold volumes in South Africa, says Rand Refinery CEO Praveen Baijnath. During the peak of South... 

Refinery looks to source material from Africa
SMELTER OPERATION Rand Refinery’s smelter processes more than 70 different types of material
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