R/€ = 20.19 Change: -0.20
R/$ = 18.48 Change: -0.25
Au 1593.80 $/oz Change: -2.90
Pt 721.50 $/oz Change: 0.06


Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

BHP is world’s most valuable mining brand, but loses strongest title to Rio Tinto

By: Creamer Media Reporter      12th March 2020 Global mining group BHP has retained the title of the world’s most valuable mining, iron and steel brand, despite recording a 3% drop in brand value to $5.8-billion. This is according to the latest report by brand valuation consultancy Brand Finance, which highlights that BHP’s brand value was... 

IoT to significantly reshape supply chains

By: Creamer Media Reporter      9th March 2020 The integration of artificial intelligence and the Internet of Things (IoT) will drive the commercial adoption of blockchain, a complementary technology that has the potential to significantly reshape industries. This is considering its ability to lower costs, reduce transaction settlement times... 

Opec+ on brink of failure as Russia resists deeper oil cuts

By: Bloomberg     6th March 2020 Russia resisted pressure from its Opec allies to make deeper production cuts, pushing the cartel’s high-stakes diplomatic gamble to the brink of failure and sending prices plunging. Energy Minister Alexander Novak arrived from Moscow on Friday morning and told fellow ministers that he favored... 

Eskom’s survival cannot be based on continuing tariff increases, says Minerals Council

By: Marleny Arnoldi     21st February 2020 The Minerals Council South Africa has reiterated the significant job losses that may result from power utility Eskom being granted the additional R27.3-billion in revenue it is seeking. In a media release issued ahead of a submission at public consultations held by the National Energy Regulator... 

Bill Gates-led fund invests in making lithium mining more sustainable

By: Bloomberg     20th February 2020 Breakthrough Energy Ventures, helmed by Bill Gates, and MIT’s The Engine fund are leading an investment round of $20-million for Lilac Solutions, a US startup aimed at making the extraction of lithium less water-intensive and more sustainable. As the world looks to cut carbon emissions, people... 

Cheap natural gas is about to kick more coal out of Europe

By: Bloomberg     27th January 2020 Cheaper natural gas prices this year are likely to cement Europe’s shift away from coal as a fuel for producing power. Abnormally mild winter weather has cut demand for the fuel as a flood of new supplies entered the world’s biggest gas market. That along with higher costs for carbon-emissions... 

Mountain Province: Mine closures will help balance market

By: Mariaan Webb     24th January 2020 Sentiment in the rough diamond market was “slightly more optimistic” towards the end of 2019 and has remained “relatively positive” as the market prepares for the first selling cycle of 2020, Canadian miner Mountain Province reports. The company, which is a 49% participant with De Beers in... 

Harmonising engineering and ICT to protect against a catastrophic cyberattack

By: Creamer Media Reporter      21st January 2020 The mining and minerals sector is yet to develop a secure, vigilant and resilient strategy to protect against the growing risk of a catastrophic cyberattack. Frikkie Eloff, Regional Manager of First Technology Group’s Limpopo and Mpumalanga operations, says that top of the agenda is the need to... 

Lucara finds partners to cut, polish diamonds from 1 758 ct Sewelô

By: Simone Liedtke     16th January 2020 Diamond miner Lucara Diamond has entered into a collaboration with famous luxury house Louis Vuitton and diamond manufacturer HB Company to manufacture its historic 1 758 ct Sewelô diamond that was recovered from Lucara’s Karowe diamond mine, in Botswana, in April last year. The purpose of the... 

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