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Latest Videos
Menar’s R7bn coal project pipeline adds 5 600 jobs 
By: Martin Creamer 3rd December 2019 Menar MD Vuslat Bayoğlu says that his company’s planned R7-billion investments in coal projects between now and 2022 will create 5 600 jobs, and that this will contribute to the needs of a range of job-short areas and also help to ensure that Eskom has options to buy the right coal at the right... →
Menar restates national-interest coal offer to Eskom
By: Martin Creamer 2nd December 2019 Resources holding company Menar has reiterated its national-interest-serving coal offer to troubled State-owned power utility Eskom, which last week warned that its record R20-billion loss of 2018/19 would be repeated in 2019/20. Eskom’s debt was more than R454-billion at the end of September and... →
Solar reducing electricity costs, lowering diesel use
By: Martin Creamer 20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... →
Video: Hyve portfolio head discusses the 26th Investing in African Mining Indaba
By: Simone Liedtke 13th November 2019 Media company Hyve Group portfolio director Simon Ford speaks to Creamer Media’s Mining Weekly Online about the twenty-sixth edition of the Investing in African Mining Indaba, which will be held in Cape Town over four days in February 2020. In acknowledging the increased appetite for engagement... →
Investment case for LNG imports into South Africa to be completed by year-end
By: Terence Creamer 11th November 2019 State-owned logistics group Transnet says the investment case for the import of liquefied natural gas (LNG) into South Africa will be completed by year-end and that the solution will be aligned with the anticipated drop-off in gas imports from Mozambique from 2023 onwards. The study is being... →
NMP still banking on marine phosphate project despite enviro objections
By: Natasha Odendaal 11th November 2019 Project developer Namibian Marine Phosphate (NMP) is working to correct much of the misinformation it believes surrounds its Sandpiper marine phosphate project. NMP owns the Sandpiper marine phosphate project, about 120 km off the coast of Namibia, which has been the centre of controversy over... →
Steady progress being made to make South Africa a ‘competitive investment destination’ 
By: Terence Creamer 6th November 2019 President Cyril Ramaphosa outlined the “steady, but sure” progress being made to make South Africa a “more competitive investment destination” as he sought to consolidate an investment push designed to attract $100-billion (R1.2-trillion in 2018 exchange rates terms) of fixed investment over the... →
Transnet launches world’s longest production train
By: Simone Liedtke 24th October 2019 State-owned rail company Transnet Freight Rail (TFR) on Thursday launched a 4-km-long train, with 375 wagons, officially making it the longest train in the world. The train was driven by Lisa Clark and transported about 24 000 t of manganese over a distance of more than 860 km between the Sishen... →
South Africa to test market for emergency power ‘gap fillers’ as IRP is finalised
By: Terence Creamer 18th October 2019 South Africa will release a request for information (RFI) in the coming weeks to test the market for solutions to close an immediate electricity supply gap of between 2 000 MW and 3 000 MW, which has emerged primarily as a result of a fall in the energy availability factor (EAF) from Eskom’s coal... →
SA moves to give new impetus to exploration, following years of stagnation
By: Tracy Hancock 18th October 2019 The absence of new mining projects, owing to limited exploration, continues to weigh on the future sustainability of South Africa’s once thriving mining sector, which once captured a larger share of major mining budgets. “There is simply not enough investment in new mineral exploration to take... →
Biodiversity, climate everyone’s issues – Environment Minister
By: Martin Creamer 8th October 2019 South Africa is one of the world’s top three mega biodiverse nations along with Brazil and Indonesia, said Environment Forestry and Fisheries Minister Barbara Creecy in her address to the Oppenheimer Research Conference (ORC). “We are thus one of the richest countries in terms of the diversity of... →
Investment in climate-positive companies growing – Joburg Indaba
By: Martin Creamer 7th October 2019 Asset managers globally have become the lightning rod of populist views in Western countries, with the conversation now dominated by climate-change issues within the environmental, social and governance (ESG) paradigm as well as what the prospective upheaval in the vehicle industry means for... →
Environment government’s most important Ministry – Oppenheimer
By: Martin Creamer 4th October 2019 The Environment Ministry is the most important ministry in the government, former mining luminary Nicky Oppenheimer said at this week’s tenth Oppenheimer Research Conference. “Environment is at the forefront of everybody’s mind, and we in South Africa are unbelievably blessed with the environment... →
‘No future without Eskom’, says Mabuza
By: Simone Liedtke 3rd October 2019 Given the socioeconomic challenges facing South Africa, State-owned Eskom chairperson and acting CE Dr Jabu Mabuza on Thursday reiterated the power utility’s support for an energy mix that is based on providing reliable energy to the country. This should be a “practical energy mix”, he told... →
Fully committed to undertakings on climate – Minerals Minister
By: Martin Creamer 3rd October 2019 Mineral Resources and Energy Minister Gwede Mantashe, who is expected to submit the Integrated Resource Plan (IRP) next week, told the Joburg Indaba on Thursday that he hoped to gazette the IRP to give South Africans another chance to comment on the document. With pressure building up globally... →
South African mining has ‘small window of opportunity to fix itself’, says panel
By: Simone Liedtke 3rd October 2019 The South African mining industry has "a small window of opportunity to fix itself and move forward" which demands that mining companies sort out their balance sheets and recognise that there is a level of profitability within the industry, PwC South Africa partner Andries Rossouw told delegates... →
New technologies can make mining safer, sunrise industry – Mgojo
By: Martin Creamer 2nd October 2019 The utilisation of new technologies could make mining a sunrise industry while simultaneously addressing safety and health issues, Minerals Council South Africa president Mxolisi Mgojo said on Wednesday. Responding to a question by Joburg Indaba chairperson Bernard Swanepoel following his keynote... →
Modern, sustainable mining can build thriving communities – Anglo
By: Martin Creamer 2nd October 2019 Modern, sustainable and innovative mining was capable of building thriving mining communities that were healthier, better educated and employed in greater numbers, Anglo American CEO Mark Cutifani said on Wednesday when he delivered a keynote address at the Joburg Indaba. Cutifani said... →
SA well placed to be taking advantage of hydrogen economy – Creecy
By: Martin Creamer 1st October 2019 South Africa is well placed to be taking advantage of the climate-positive hydrogen fuel economy, Environment, Forestry and Fisheries Minister Barbara Creecy said on Tuesday. “We’re richly endowed with platinum, so I think that it’s very important that we need to be thinking laterally. →
Compelling Makhado first phase has rapid return promise – MC Mining
By: Martin Creamer 30th September 2019 Hard coking coal and thermal coal producer MC Mining, which was successful in securing the Industrial Development Corporation credit-approved facility of $17-million in July, is looking to raise $52-million to fund the first phase of the Makhado hard coking coal project as well as repay the... →
Coal mine lives on
By: Darren Parker 20th September 2019 Coal mining company Canyon Coal’s Phalanndwa colliery extension project is expected to extend the life-of-mine to 2027, and the company is negotiating with the relevant stakeholders to further extend the mine life by six years, Phalanndwa colliery GM Alan Mabbett tells Mining Weekly. The original... →
Fuel cell continues to power Minerals Council building
By: Halima Frost 20th September 2019 Minerals Council South Africa continues to showcase its natural gas baseload fuel cell, almost five years after it was first commissioned in December 2014 as a means of effective green power generation. Minerals Council administrative head Jeannette Hofsajer-Van Wyk tells Mining Weekly that,... →
Pan African studying solar power project
By: Martin Creamer 18th September 2019 Gold mining company Pan African is completing a feasibility study into the construction of a 10 MVA solar power plant at its Elikhulu Tailings Retreatment Plant, in Evander, Mpumalanga. The R1.74-billion project uses a conventional carbon-in-leach circuit with a proprietary preoxidation process... →
Gold’s safe haven status has returned – Pan African
By: Martin Creamer 18th September 2019 The safe haven status of gold appears to have returned for the time being. “The world is increasingly an unstable place. Project one world, or globalisation, seems to have failed,” Pan African CEO Cobus Loots said on Wednesday when the London Aim- and JSE-listed gold mining company reported group... →
Pan African beats guidance, proposes R50m final dividend
By: Martin Creamer 18th September 2019 Gold mining company Pan African, which beat production guidance in the 12 months to June 30, on Wednesday proposed a final dividend of R50-million. The gold production of the London Aim- and JSE-listed company rose by 54.1% to 172 442 oz, exceeding full-year production guidance of 170 000 oz. →
Looks like hydrogen economy could happen – CPM
By: Martin Creamer 13th September 2019 Hydrogen energy has been like science fiction since the post-World War II period. Many have dreamed about being able to replace oil and natural gas with hydrogen, but limiting factors have been been the cost of production and safety issues. Now, widespread sun and wind power use as well as liquid... →
Master Drilling remains focused on regional growth strategy
By: Marleny Arnoldi 10th September 2019 JSE-listed drilling solutions company Master Drilling’s acquisition of Atlantis Group helped to boost its revenue and regional operations in the six months ended June 30. CEO Danie Pretorius on Tuesday said the company has remained committed to diversifying its presence across geographies,... →
Climate risk lifting insurance premiums for coal mining company Exxaro
By: Martin Creamer 22nd August 2019 Johannesburg Stock Exchange-listed coal-mining and energy company Exxaro Resources said on Thursday that it was experiencing higher insurance premiums in the renewal of its insurance policies. In reporting 24% lower net operating profit of R2.4-billion in the six months to June 30 on lower coal... →
Moab Khotsong, Hidden Valley boost Harmony’s production, cash flows
By: Nadine James 20th August 2019 Harmony Gold on Tuesday reported favourable financial and operating results for the financial year ended June 30, with both output and cash flows having benefited from the inclusion of a full year’s production from the Moab Khotsong mine, in South Africa’s North West province, and Hidden Valley,... →
Favourable gold price pushes Gold Fields’ cash flow into positive territory
By: Marleny Arnoldi 15th August 2019 Presenting on the company’s financial results for the six months ended June 30, NYSE- and JSE-listed Gold Fields CEO Nick Holland said the strong gold price, spotting between $1 400/oz and $1 450/oz during the period, has helped the company positively turn its cash flow position around. The... →
Foskor board to finalise sustainability plan within six months
By: Terence Creamer 13th August 2019 Foskor chairperson Bobby Godsell reported on Tuesday that the company’s board was conducting a comprehensive review of the group’s underperforming operations with the aim of developing a sustainability plan within the coming six months. Foskor, which mines phosphate rock and magnetite in Limpopo... →
Platinum-linked hydrogen economy is way to go – Phiri
By: Martin Creamer 6th August 2019 The hydrogen economy is the answer to South Africa’s decarbonised mobility future to avoid battery electric vehicles (BEVs) sapping up too much of South Africa’s already scarce electricity, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri said on Tuesday. Hydrogen is increasingly seen as being... →
Good, bad and maybe even ugly first half – Phiri
By: Martin Creamer 6th August 2019 The performance of Royal Bafokeng Platinum (RBPlat) in the six months to June 30 was a mixture of the good, the bad and maybe even the ugly, RBPlat CEO Steve Phiri said on Tuesday. Phiri was speaking to Mining Weekly on the sidelines of the company’s presentation of interim results of a loss per... →
Full commercial production from newly opened Nokeng expected later this month
By: Nadine James 1st August 2019 The R1.7-billion Nokeng fluorspar mine, which unlisted fluorspar developer Sepfluor has built north-east of Pretoria, in Gauteng, was officially opened on Thursday. The mine is one of only two operating fluorspar mines in South Africa, although there is also a fluorspar tailings operation that... →
Platinum 3D printing to be first project of new Platinum Valley SEZ
By: Martin Creamer 29th July 2019 Three dimensional (3D) platinum printing will be the first project finalised at South Africa’s new Platinum Valley Special Economic Zone (SEZ) that is being launched to add value to platinum group metals (PGMs) locally. Project executive Platinum Valley SEZ Davis Sadike and North West Development... →
Eskom needs more support from coal producers, SADC – panel
By: Nadine James 24th July 2019 Coal producers should offer State-owned utility Eskom fairer pricing, while the Southern African Development Community (SADC) States should do more to support Eskom, delegates attending the Coal Industry Day, in Johannesburg, on Wednesday, were told. In a panel discussion on the role of coal in... →
Prevost urges coal producers to focus on local demand
By: Nadine James 24th July 2019 South African coal producers should focus on supplying local industries and State-owned power utility Eskom, given the changing and uncertain export environment, XMP Consulting senior coal analyst Xavier Prevost said on Wednesday. Speaking at the inaugural Coal Industry Day hosted by Resources 4... →
Transnet and IFC team up in effort to catalyse Richards Bay LNG PPP
By: Terence Creamer 23rd July 2019 The International Finance Corporation (IFC) has made a $2-million cost-sharing commitment to support the completion, by Transnet, of a feasibility study into the development of a liquefied natural gas (LNG) storage and regasification terminal at the Port of Richards Bay, in KwaZulu-Natal by 2024.... →
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