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Orion reawakening geological giant in Northern Cape 
By: Martin Creamer 18th April 2019 Three years ago, Orion Minerals was trading at an eighth of an Australian cent a share. It had a market capitalisation of $4-milllion and set out to find something that could be turned into a mine. The good news is that the company found that opportunity in South Africa, and its share price has... →
Kumba hands over Siyathemba youth centre, parks to community
By: Tasneem Bulbulia 16th April 2019 Kumba Iron Ore CE Themba Mkhwanazi on Tuesday officially handed over 17 parks, as well as the Siyathemba Youth Centre, to the community of Siyathemba, near Kathu. Siyathemba is a newly built town, near Kathu, in the Northern Cape, to which the previous town of Dingleton is being relocated. This... →
Orion clinches potent new-style empowerment deal 
By: Martin Creamer 16th April 2019 Sydney- and Johannesburg-listed exploration and mining development company Orion Minerals has found a formula to achieve empowerment that puts all shareholders at full participation and contribution. “What we’ve arrived at is a fantastic win-win scenario,” an overjoyed Orion CEO Errol Smart told... →
Mantashe urges continued investment in clean coal tech
By: Tasneem Bulbulia 12th April 2019 Mineral Resources Minister Gwede Mantashe on Friday commended Sasol for the “good work” it was doing and the opening of its new Impumelelo Colliery. He said it was notable that the opening of the mine came at a time when coal is under siege and that it should counter the narrative that coal is... →
Hydrogen and platinum at centre of climate change solution – Anglo
By: Martin Creamer 11th April 2019 Hydrogen is at the centre of the solution to climate change and platinum, in turn, is at the centre of hydrogen, London-based Anglo American executive head of market development Benny Oeyen emphasised when he spoke to Mining Weekly Online on the sidelines of this week’s Platinum Group Metals... →
South African platinum industry needs continuing collaboration – panel
By: Simone Liedtke 9th April 2019 Despite cautious optimism among industry stakeholders about the platinum group metals (PGMs) industry’s forward momentum, Northam Platinum CEO Paul Dunne on Tuesday warned delegates at the PGMs Industry Day, in Johannesburg, that the industry was “not out of the woods yet”. Dunne lamented that... →
Rapidly rising costs will exacerbate PGMs industry crisis
By: Natasha Odendaal 9th April 2019 Faster-than-inflation rising costs and a stall in revenue in the South African platinum group metals (PGMs) industry are exacerbating hardwired challenges that are already threatening nearly 90 000 jobs. Rapidly escalating costs, particularly for labour, electricity and supplies, are fast... →
Platinum demand investment reaps reward – Amplats
By: Martin Creamer 9th April 2019 The best lever to stimulate platinum demand is platinum jewellery promotion, which provides the best return “by a country mile", Anglo American Platinum CEO Chris Griffith said on Tuesday. Speaking at the Platinum Group Metals (PGMs) industry day, Griffith said that the work done by the platinum... →
A million tons of copper is on the way, but it may not be enough
By: Bloomberg 8th April 2019 Giant mines currently under construction will churn out an additional one-million tons of copper through 2023, but that won’t be enough to fully close an expected gap between supply and demand in the next few years. Industry analysts and executives descending on Santiago this week for the Cesco... →
Cummins consolidates business units at new multimillion-rand premises
By: Tasneem Bulbulia 27th March 2019 Global power company Cummins on Wednesday officially launched the “Power Hub”, its new multimillion-rand premises in the business area of the Waterfall Logistics Precinct, in Waterfall City, in Midrand. The new premises has enabled the company to consolidate its various services and sales... →
Menar’s Canyon offers Eskom cheaper coal on open-book basis
By: Martin Creamer 19th March 2019 Coal mining company Canyon Coal, a Menar group company, is prepared to offer coal to State-owned electricity utility Eskom at a cheaper price on an open-book basis from two new projects. The Menar group, which does not supply coal to Eskom at present, employs 3 500 people on a R7-billion asset... →
Exxaro delivers record coal output, sales; ups total dividend
By: Nadine James 14th March 2019 Empowered diversified miner Exxaro Resources achieved a robust financial performance for the year ended December 31, 2018. The company reported record coal production, sales and exports, while its revenue increased by 12% year-on-year to R25.5-billion. Its earnings before interest, taxes,... →
RBPlat reopens UG2 shaft, creates UG2 access points at Styldrift
By: Martin Creamer 6th March 2019 Flexibility is a re-emphasised aspect of platinum group metals (PGMs) mining strategy. Changed demand has resulted in the need to twist and turn quickly to benefit from the rise in prices of metals in the PGM basket. Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri made special mention of... →
RBPlat studying solar energy, upgrading slimes dams
By: Martin Creamer 5th March 2019 Black-owned and black-managed mining company Royal Bafokeng Platinum (RBPlat) is investigating the use of renewable energy sources and investing in the upgrading of its tailings storage facilities. The company said in reply to Mining Weekly Online during question time at Tuesday’s presentation of... →
RBPlat highlights encouraging new govt approach to mining
By: Martin Creamer 5th March 2019 South Africa’s only community owned mining group, Royal Bafokeng Platinum (RBPlat), on Tuesday highlighted the positive contribution being made to the local mining industry by President Cyril Ramaphosa and Mineral Resources Minister Gwede Mantashe and pledged to do its bit towards conquering... →
Royal Bafokeng Platinum secures R1bn building block
By: Martin Creamer 5th March 2019 Black-owned and black-managed platinum group metals mining company Royal Bafokeng Platinum (RBPlat) on Tuesday announced a capital raise of R1 029-million through a rights offer that represents the key final building block to secure the company's path to 500 000 oz of platinum group element (4E)... →
UG2 outperforms as Sibanye positions for new world
By: Martin Creamer 21st February 2019 The soaring prices of rhodium and palladium have put new focus on the upper group two (UG2) reef, for long the poor cousin of Merensky reef in the hierarchy of platinum group metals (PGMs) mining. Merensky's predominant platinum content has made it the preferred reef for decades but UG2 is... →
Pan African H1 revenue up 52.8% y/y to R1.3bn
By: Nadine James 20th February 2019 Gold miner Pan African Resources achieved a 52.8% year-on-year increase in revenue for the six months to December 31, 2018, to R1.3-billion. CEO Cobus Loots on Wednesday attributed the higher revenue to an increase in gold production, which rose by 54.2% year-on-year to 81 014 oz on the back of... →
Brazil iron-ore tragedy brings home reality of mining risk – Kumba
By: Martin Creamer 19th February 2019 Following 58 mineworkers suffering fatal occupational accidents in South Africa in 2018, Kumba Iron Ore CE Themba Mkhwanazi on Tuesday drew attention to 2019 beginning globally with the tragic loss of life at Brumadinho, in Brazil, as a result of an iron-ore tailings dam collapse that killed 170... →
Price premiums boosting quality-focused Kumba Iron Ore
By: Martin Creamer 19th February 2019 South Africa’s Kumba Iron Ore, which stands head and shoulders above its peers when it comes to iron-ore quality, is achieving major price premiums well above historical heights. Structural change and strong growth in particularly the China steel market has placed the Anglo American group company... →
Local manufacturers to benefit from Mining Charter 3's implementation
By: Nadine James 14th February 2019 Mining Charter 3 and its Implementation Guidelines have created an environment where it is possible for local manufacturers to leverage procurement capacity to drive transformation, Department of Mineral Resources representative Xolile Mbonambi said at a breakfast held at the Industrial... →
Eskom grid upkeep increasingly problematic – DRDGold
By: Martin Creamer 13th February 2019 The quality of maintenance of the Eskom distribution infrastructure is becoming increasingly problematic, DRDGold CEO Niël Pretorius said on Wednesday. At the company's presentation of power-hit interim results for the six months to December 31, Pretorius said that although DRDGold's own power... →
Harmony exploring Target North, Kalgold
By: Martin Creamer 12th February 2019 Harmony Gold is currently adjudicating a tender for the drilling of the Target North greenfield exploration project in the Free State and is engaged in near mine brownfield exploration at Kalgold in the North West. Harmony Gold CEO Peter Steenkamp on Tuesday described the Target North prospect as... →
Harmony cuts energy consumption, ushering in solar, mulling biofuels
By: Martin Creamer 12th February 2019 Gold mining and exploration company Harmony Gold is intensifying its efforts to cut electricity consumption to a minimum while also looking at introducing solar power and biofuel energy. CEO Peter Steenkamp said on Tuesday when the company issued its half-year results that Eskom’s problems could... →
Harmony’s Steenkamp rising to President Ramaphosa’s ten-point challenge
By: Martin Creamer 12th February 2019 Harmony Gold CEO Peter Steenkamp is rising to President Cyril Ramaphosa’s ten point mining challenge by striving to pay meaningful social dividends across a broad front and answering the call to beneficiate, which is no mean feat when it comes to gold. The executive head of the million-ounce-plus... →
Accenture seeks to improve mining sector data analytics
By: Simone Liedtke 12th February 2019 Global professional services company Accenture is investing in a new Applied Intelligence Studio for Mining, in Johannesburg, which will combine the latest in data science and artificial intelligence technologies with deep industry knowledge for the development of new intelligent digital... →
Tin mining poised to become a significant mining play in DRC
By: Jessica Oosthuizen 8th February 2019 Tin mining is poised to become a significant factor in the Democratic Republic of Congo (DRC), especially in North Kivu, as it can contribute to the country’s socioeconomic wellbeing, says tin exploration and mining company Alphamin Resources CEO Boris Kamstra. Alphamin Resources is developing... →
Steel group to approach Nersa for power-tariff relief
By: Terence Creamer 7th February 2019 Steel producer ArcelorMittal South Africa (AMSA) says it will submit site-specific applications to the National Energy Regulator of South Africa (Nersa) to secure tariff relief from Eskom for its operations in Gauteng, KwaZulu-Natal and the Western Cape. The submissions will be made in line with... →
Solar Mining Services helps to boost the Mpumalanga economy
By: Kim Cloete 7th February 2019 Solar Mining Services, a manufacturer and supplier of explosives, accessories and blasting services for the mining industry, has made strides in growing its business in South Africa. It has created more than 100 jobs and invested R500-million in South Africa since setting up in the country in... →
AMSA reports first profit since 2010 on back of higher steel prices
By: Terence Creamer 7th February 2019 Following years of sustained losses, steel producer ArcelorMittal South Africa (AMSA) reported a full-year profit in 2018, on the back of a 12% rise in average realised prices and a 5% increase in sales volumes, supported by a 21% rise in export sales. The company last reported a full-year profit... →
Precious metal refiners face new LBMA environmental standard
By: Martin Creamer 7th February 2019 The London Bullion Market Association (LBMA) has launched a new standard that addresses environmental as well as sustainability issues in gold and silver markets. To do that in a credible way, LBMA has been actively engaging with mining companies and producer nations. →
Working together can deliver mining’s massive benefits – Friedland
By: Martin Creamer 6th February 2019 Mining can and will deliver massive benefits if all stakeholders work together, Ivanhoe Mines executive co-chairperson and founder Robert Friedland said on Wednesday Speaking on the third day of the Investing in African Mining Indaba, he outlined the huge potential of collaborative government,... →
De Beers to spend R30m on diamond exploration this year
By: Martin Creamer 6th February 2019 De Beers Consolidated Mines (DBCM) will spend R30-million on greenfield diamond exploration in South Africa this year, DBCM MD Phillip Barton told Mining Weekly Online on the sidelines of the Investing in African Mining Indaba. This follows DBCM being granted 32 exploration licences across a... →
Ramaphosa challenges mining to take ten value-adding steps
By: Martin Creamer 5th February 2019 President Cyril Ramaphosa on Tuesday challenged the mining industry to take ten value-adding steps to hoist the industry into a potent new orbit across the entire continent. Addressing the Investing in African Mining Indaba, the president said he wished to issue a challenge against the background... →
Time to make Africa prosperous – Ghana President
By: Martin Creamer 5th February 2019 It is time for Africa to make itself and its people prosperous by making use of mineral resources and modern technology to create a new world shorn of greed and cupidity, Ghana President Nana Akufo-Addo said on Tuesday. In an opening address on the second day of the Investing in African Mining... →
South32’s South Africa Energy Coal expresses concern about Eskom’s fragile state
By: Kim Cloete 4th February 2019 Mining and metals company South32 says it is concerned about the challenges that have increasingly threatened the stability of South African power utility Eskom and needs to ensure the continuity of supply of its coal to Eskom in the long run. South32’s South Africa Energy Coal (SAEC) company... →
Mantashe calls for mining investment amid renewed regulatory certainty
By: Kim Cloete 4th February 2019 Mineral Resources Minister Gwede Mantashe has assured investors it is safe and stable to invest in the South African mining industry, with the return of regulatory certainty and a revised Mining Charter. “There was a lot of policy and regulatory uncertainty for the better part of last year. We... →
Innovation mining’s biggest challenge – Anglo
By: Martin Creamer 4th February 2019 The world is standing on the brink of a technological revolution that will result in transformation unlike anything human kind has experienced before, which is making innovation mining’s biggest challenge. “In the next five years, it’s about major step changes in innovation,” Anglo American CEO... →
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