R/€ = 19.38 Change: 0.11
R/$ = 17.41 Change: 0.13
Au 1737.70 $/oz Change: 16.61
Pt 848.16 $/oz Change: 16.22


Zero harm difficult to attain – Aspasa

By: Halima Frost     1st May 2020 Surface mining association Aspasa director Nico Pienaar tells Mining Weekly that the surface mining industry currently faces many challenges that need to be addressed so that mines can achieve the ultimate goal of zero harm. These include illegal mining not being adequately addressed by the... 

Nervous bankers leave the gold market stuck in disconnect

By: Bloomberg     17th April 2020 Gold has rarely been a hotter trade, but the world’s two most important markets remain out of sync. In New York, the price of gold topped $1 750 for the first time in seven years on April 9. In London, it still hasn’t caught up. The dislocation first blew out in late March, when disruptions from... 

Mechanised boring solutions making headway

By: Tracy Hancock     24th January 2020 The development of rock-boring and drilling services provider Master Drilling’s mobile tunnel borer (MTB) and shaft-boring system (SBS) technology is advancing, with the machinery expected to reduce project development times by three to four times, says Master Drilling CEO Danie Pretorius. “These... 

Kwatani Collaboration Boosts Local Mining Economy

17th January 2020 Specialist vibrating equipment Original Equipment Manufacturer (OEM) Kwatani is leveraging a recent multi-year service contract at a large mining customer in the Northern Cape to further boost the area’s local economy. “Our branch near the customer’s mining operation has for many years employed... 

US to impose sanctions on Iran’s metal exports and leaders

By: Bloomberg     10th January 2020 The Trump administration imposed new sanctions on Iran on Friday, including penalties on the Islamic Republic’s metals and some senior leaders, following Tehran’s attack on US military bases. The sanctions target steel, aluminum, copper and iron, as well as eight senior Iranian officials and... 

SA mining showing ‘steady improvement’, but concerns linger 

By: Nadine James     13th December 2019 It was a mixed bag for the South African mining sector in the South African mining sector, with announcements of renewed investment and newly commissioned operations interspersed with announcements of retrenchments and divestments. This dichotomy is underlined by Eversheds Sutherland partner and... 

Mini-pit mining to start at New Largo mid-2020

By: Tracy Hancock     13th December 2019 Opencast mining of various mini-pit areas at the New Largo thermal coal project, in Mpumalanga, should start in mid-2020, as part of the phased approach to the mine’s development, says black-owned coal mining company Seriti Resources. A revised feasibility study on the New Largo main mine project... 

Minerals Council members largely compliant with 2010 Charter requirements 

By: Simone Liedtke     4th December 2019 The Minerals Council South Africa on Wednesday published a report on the South African mining industry’s progress in transforming the industry in terms of the Mining Charter. The report was based on a survey by advisory firm Moshe Capital into the council members' transformation and community... 

Aura seeks compensation from Sweden over uranium ban

By: Creamer Media Reporter      8th November 2019 Dual-listed Aura Energy is seeking compensation from Sweden for the financial losses that it incurred as a result of the country’s uranium ban that came into effect in August last year. Aura provided Sweden a written notification under Energy Charter Treaty (ECT), which is a multilateral legal... 

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... 

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