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Gold News

Minimum of 14 000 jobs a year from South Africa’s first hydrogen corridor 

By: Martin Creamer     11th May 2022 South Africa’s first hydrogen corridor now under development has the potential to generate a minimum of 14 000 jobs, $400-million in gross domestic product and $900-million in taxes a year by 2050. In an addition, there is potential to grow platinum group metal (PGM) demand by between 1% to 2%... 

i-80 secures water rights for Cove project

By: Creamer Media Reporter      11th May 2022 US-focused i-80 has secured water rights for the development and operation of the Cove openpit mine, which is a key project in the company’s plans to restart the Lone Tree autoclave. The TSX-listed company has signed an agreement to acquire a property package in Lander county that includes,... 

Kinross provides new 2022 production guidance

By: Mariaan Webb     11th May 2022 Canadian bullion producer Kinross on Tuesday provided a new production guidance to reflect the pending divestments of its Russian and Ghana assets. With these pending sales, and the close of the acquisition of Great Bear Resources, the group’s overall portfolio has been re-balanced, with about... 

Kinross CEO Paul Rollinson
Kinross CEO Paul Rollinson

Newmont anticipates to move forward with Peru mine expansion - CEO

By: Reuters     11th May 2022 Gold miner Newmont is anticipating that it will move forward on a $2-billion investment on the so-called Yanacocha sulfides project in Peru, CEO Tom Palmer said on Tuesday. The remarks are the strongest support yet for a project that Newmont says will only be fully decided later this year. Peru... 

Great Southern granted mining licence for Southern Star

By: Esmarie Iannucci     11th May 2022 Junior Great Southern Mining has been granted a mining licence for its Southern Star project, in Western Australia, bridging another hurdle to the start of production. The mining lease has an initial term of 21 years. 

Minerals Council spells out members’ commitment to climate change mitigation 

By: Martin Creamer     11th May 2022 Members of Minerals Council South Africa have agreed to commit to a climate change response strategy that will reduce Scope 1 and Scope 2 emissions and achieve a net zero emission by 2050 or earlier. Minerals Council South Africa senior health and environment executive Nikisi Lesufi on Tuesday... 

Creamer Media picture
Photo by Creamer Media
Minerals Council South Africa senior health and environment executive Nikisi Lesufi, closest right, with Minerals Council's Allan Seccombe, left.

Pan African successfully commissions 10 MW solar PV plant at Evander

By: Tasneem Bulbulia     10th May 2022 Gold miner Pan African Resources says the 10 MW solar photovoltaic (PV) plant at its Evander gold miner started supplying electricity to the group’s Elikhulu surface retreatment operations, as part of its hot commissioning process, on May 6. The solar PV plant, situated at Evander, will provide... 

Gold giant Barrick is hunting for more African copper projects

By: Bloomberg     10th May 2022 Barrick Gold is searching for copper projects in both Zambia and the Democratic Republic of Congo as the gold-mining giant looks to expand in one of the world’s most-important industrial metals. Barrick already owns a copper mine in Zambia and in April laid out plans for a $7-billion copper-gold... 

Barrick Gold CEO Mark Bristow speaking at the Mining Indaba in Cape Town.
Barrick Gold CEO Mark Bristow speaking at the Mining Indaba in Cape Town.

Gold Fields’ South Deep to generate own solar at 8.5% of Eskom grid cost

By: Martin Creamer     10th May 2022 Gold Fields’ South Deep gold mine west of Johannesburg in Gauteng will be generating its own solar power at a mere 8.5% of the cost of power from the national grid. The JSE- and New York-listed company is also optimistic that it will be successful in augmenting the solar power generated with wind... 

supplied picture
Gold Fields VP South Africa Martin Preece

South Africa keen to harness hydrogen economy opportunities, President Ramaphosa tells Indaba  

By: Martin Creamer     10th May 2022 It was just amazing to see the innovation that the mining industry is capable of scaling up, President Cyril Ramaphosa told the Investing in African Mining Indaba in his enthusiastic address on Tuesday. “Last week, I attended the launch by Anglo American of the world’s largest hydrogen-powered... 

Creamer Media picture taken of screen
Photo by Creamer Media
President Cyril Ramaphosa at the Investing in African Mining Indaba.

Mining ceases at Abcourt's Elder

By: Mariaan Webb     10th May 2022 Gold junior Abcourt Mines on Monday announced that it would cease operations at the Elder mine, near Rouyn-Noranda, Quebec, stating that the mine had become “less and less profitable despite the efforts of all employees”. The corporation said it would proceed with a collective dismissal on August... 

Inflation eating into Gold Fields' Chile project, CEO says

By: Reuters     10th May 2022 Surging inflation is eating into gold miner Gold Fields' contingency cost buffer for its Salares Norte project in Chile, CEO Chris Griffith said on Monday, adding that the South Africa-listed company is seeing at least 10% inflation in the regions where it operates. The Salares Norte gold... 

Shanta’s 2021 production, earnings lower but still within guidance

By: Donna Slater     10th May 2022 East Africa-focused gold producer, developer and explorer Shanta Gold reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of $19-million for the 2021 financial year, compared with the Ebitda of $63.9-million reported for 2020. Shanta owns the New Luika gold mine... 

Ora Banda starts simplification of Davyhurst

By: Esmarie Iannucci     10th May 2022 Gold miner Ora Banda Mining has started Stage 1 of its operational reset plan (ORP) as part of its plans to consolidate operations, cut costs and focus on cash generation over the next two years. The Stage 1 ORP is focused on achieving process plant stability at the 1.2-million tonne a year... 

Image shows the Davyhurst operation at  nightfall

Perkoa workers still missing – Trevali

By: Mariaan Webb     10th May 2022 TSX-listed Trevali Mining said on Monday that it had not yet been able to locate any of the eight underground workers who went missing when the Perkoa mine, in Burkina Faso, flooded three weeks ago. There has been no communication with the missing individuals since April 16. 

Funds to restart Chatree secured - Kingsgate Consolidated

By: Esmarie Iannucci     10th May 2022 ASX-listed Kingsgate Consolidated has executed documentation for a $15-million bridge facility from Taurus Mining Finance Fund No 2, to support the refurbishment and restart of the Chatree gold mine, in Thailand. The first tranche of funds of $7.5-million due to be received by the end of this... 

Sibanye bides time on battery metals push as asset prices soar

By: Bloomberg     10th May 2022 Sibanye Stillwater CEO Neal Froneman plans to resume battery-metals acquisitions within two to three years, once inflated asset valuations come down. The veteran dealmaker wants to make the metals that are key to powering the electric-vehicle revolution a third pillar of Sibanye’s operations,... 

Sibanye CEO Neal Froneman
Sibanye CEO Neal Froneman

South Africa has significant implementation crisis – Minerals Council 

By: Martin Creamer     9th May 2022 South Africa has a significant implementation crisis. A number of government departments and parastatals were hollowed out. Capacity is a significant issue in almost every parastatal – water authorities, Eskom, Transnet and across the board. “We’re not rushing in to take over activities because... 

supplied picture
Minerals Council South Africa CEO Roger Baxter.

Gold Fields’ South Deep solar plant set for Q3 commissioning

By: Irma Venter     9th May 2022 The R715-million, 50 MW South Deep Khanyisa solar plant will be commissioned in the third quarter of this year, says Gold Fields CEO Chris Griffith. Speaking at the African Mining Indaba 2022 on Monday, he noted that the gold miner had received approval to raise the capacity of the plant to 60... 

Image of Gold Fields CEO Chris Griffith
Chris Griffith

Mining industry battling demands for 'almost immediate benefits' – Bristow

By: Irma Venter     9th May 2022 The growing tendency among governments and investors to demand almost immediate benefits is destroying the mining industry’s ability to deliver on its full potential, says Barrick Corporation CEO Mark Bristow. Speaking at African Mining Indaba 2022 on Monday, Bristow noted that a mine was like a... 

Image of Barrick Corporation CEO Mark Bristow
Mark Bristow

Akobo reaches agreement for gold processing plant delivery

By: Darren Parker     9th May 2022 Scandinavian gold exploration and mining company Akobo Minerals has reached an agreement with South African engineering company Solo Resources for the delivery of a processing plant for gold production at the Segele mine, in Ethiopia. The commissioning of the plant is expected to start by end of... 

First Quantum approves $1.35bn capex for Kansanshi expansion, Enterprise projects

By: Darren Parker     9th May 2022 TSX-listed First Quantum Minerals’ board of directors has given the go-ahead for the immediate roll-out of two projects in Zambia – the S3 expansion at its Kansanshi copper/gold mine, as well as the roll-out of the Enterprise nickel project. “First Quantum has been working constructively with the... 

opencast mining at one of First Quantum's operations

PureGold to raise C$30m, says Makuch joins as adviser  

By: Mariaan Webb     9th May 2022 Canadian miner Pure Gold Mining is seeking to raise C$30-million to get the TSX-V and LSE-listed company “back on track”, COO Terry Smith announced on Friday. PureGold will raise the finance in a nonbrokered private placement of 200-million units at C$0.15 each. The company’s biggest... 

AngloGold on track for to meet full-year guidance following solid first quarter

By: Tasneem Bulbulia     9th May 2022 JSE- and NYSE-listed AngloGold Ashanti reported a solid performance for the first quarter of the year, with production steady year-on-year, an increase in total cash costs limited to 4% and a strong improvement in cash flow. The company remains on track to achieve its full-year guidance. 

An image of AngloGold Ashanti CEO Alberto Calderon
Alberto Calderon

Four miners killed in incident at Harmony's Kusasalethu mine

By: Creamer Media Reporter      9th May 2022 Four Harmony Gold employees were killed in an infrastructure maintenance-related incident at the Kusasalethu mine, near Carletonville, on May 7. The families and relevant authorities were immediately informed and the affected area has been closed, pending an in-loco investigation. 

Aurelia gets go-ahead for Great Cobar

By: Esmarie Iannucci     9th May 2022 The New South Wales government has given gold miner Aurelia Metals regulatory approval to extend the life of its Peak gold and base metals operations until 2035, issuing the company with development consent for the New Cobar complex. The approval allows for the establishment of an underground... 

Green hydrogen can be produced in South Africa immediately, coal conference hears

By: Martin Creamer     6th May 2022 The generation of green hydrogen is achievable in South Africa immediately and is not a complicated process, Sasol just transition office head David Kawesha said on Friday. “You just need the renewable energy resource, electrolysers to split water, and that’s really what the basic process is,”... 

Picture taken by Creamer Media
Photo by Creamer Media
McCloskey's Southern African Coal Conference panel from left moderator Randy Fabi, Tracey Davies, Steve Nicholls, Jan Oberholzer and David Kawesha.

Council welcomes zero fall of ground fatalities in gold, PGMs sectors in the first quarter

By: Donna Slater     6th May 2022 The Minerals Council South Africa reports that, in a historic first, there were no fatalities related to falls of ground (FoG) – one of global mining’s most difficult challenges – in South Africa’s gold and platinum group metals (PGM) mines in the first quarter of this year. “This impressive... 

Pan African announces high-grade drilling results at Barberton Mines

By: Darren Parker     6th May 2022 Gold miner Pan African Resources has announced that exploratory drilling into the down-dip extention of the orebodies at its Barberton Mines, in Mpumalanga, has yielded successful and significant high-grade drilling results, with visible gold in several drill intersections and development ends.... 

Pan African CEO Cobus Loots
Pan African CEO Cobus Loots

McEwen CFO and COO step down 

By: Mariaan Webb     6th May 2022 NYSE- and TSX-listed McEwen Mining is hunting for a new CFO and COO to fill the positions of Anna Ladd-Kruger, who is retiring to focus on her health and family, and Peter Mah, who resigned for personal reasons. In the interim, Perry Ing – a previous CFO of McEwen – will assume the CFO... 

Robinson resigns as Goldplat chair

By: Darren Parker     6th May 2022 Aim-listed gold producer Goldplat nonexecutive chairperson Matthew Robinson has informed the company of his intention to resign as a director. He has notified the company that he would remain in his role until the next annual general meeting (AGM) to allow reasonable time for Goldplat to make... 

As drone deployment continues to expand, miners unearth whole-of-mine uses

By: Donna Slater     6th May 2022 The use of drones and ground-based robotics is evolving to such an extent locally that various companies are using them in all aspects of their operations, which is resulting in “bun fights” about which department gets to use the devices and payloads, says Dwyka Mining Services MD Jamie van... 

Magazine cover image

World Coal Association favours just energy transition to net zero future  

By: Martin Creamer     5th May 2022 The World Coal Association, and its member companies, are in favour of a just transition to a net zero future, World Coal Association chairperson July Ndlovu said on Thursday. In his keynote address to the Southern African Coal Conference, Ndlovu emphasised the sincerity of the association’s... 

Creamer Media photograph
Photo by Creamer Media
World Coal Association chairperson July Ndlovu

Sibanye says unions using gold strike to leverage platinum deal

By: Bloomberg     5th May 2022 Sibanye-Stillwater said the almost two-month long strike at its South African gold mines is being used as leverage by labor unions for upcoming wage negotiations at its platinum operations. South African miners, including Anglo American Platinum Ltd. and Impala Platinum Holdings Ltd., are... 

Caledonia appoints new nonexec director

By: Donna Slater     5th May 2022 Gold miner Caledonia Mining Corporation which operates the Blanket mine, in Zimbabwe, has appointed Gordon Wylie independent nonexecutive director, with immediate effect. He holds a bachelor’s degree with honours in geology from the University of Glasgow, a management diploma from the University... 

Gold Fields lifts first-quarter output despite macroeconomic challenges 

By: Darren Parker     5th May 2022 Despite facing various global challenges, JSE-listed gold miner Gold Fields achieved a 7% year-on-year increase in attributable equivalent gold production for the quarter ended March 31. While the 580 000 oz of gold produced in the quarter was 8% lower quarter-on-quarter, Gold Fields said it... 

Gold Fields CEO Chris Griffith
Gold Fields CEO Chris Griffith

Sibanye suspends gold guidance, but reports strong first-quarter earnings 

By: Donna Slater     5th May 2022 JSE- and NYSE-listed precious and battery metals miner Sibanye-Stillwater has reported adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of R13.66-billion ($898-million) for the quarter ended March 31. This marks a 31% year-on-year decrease from the record Ebitda of... 

An image of Sibanye-Stillwater's Kroondal operation
Sibanye-Stillwater's Kroondal operation

Endeavour accelerates Ity optimisation project

By: Mariaan Webb     5th May 2022 Gold miner Endeavour Mining has accelerated the launch of the construction of a recyanidation circuit at its Ity operation, with the additional circuit forming part of its optimisation initiatives at the Côte d’Ivoire-based mine. The company on Thursday announced the $41-million investment,... 

The Ity operation in Cote d'Ivoire
Photo by Endeavour Mining
The Ity operation in Cote d'Ivoire
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