R/€ = 18.41 Change: -0.02
R/$ = 15.25 Change: -0.02
Au 1839.26 $/oz Change: -12.11
Pt 1086.97 $/oz Change: -6.65


Legal tug-of-war shutters one of SA's richest chrome mines

By: News24Wire      18th December 2020 A chrome mine in Limpopo, potentially one of the richest in South Africa, has sat idle while a series of arcane court battles ensue between local and Chinese business interests. A development agency tasked with bringing employment to the area has lost its stake in the mine, and some 1 200... 

Wescoal focus shifts to cost-savings as mining operations stabilise

By: Marleny Arnoldi     4th December 2020 JSE-listed coal miner, trader and supplier Wescoal has managed to generate a net profit of R11-million in the six months ended September 30, despite the impact of Covid-19, low growth and a low price environment. The company reported a loss of R51-million in the corresponding six-month period.  

Wescoal starts retrenchment process as low domestic, export demand persists

By: Creamer Media Reporter      18th November 2020 Coal miner Wescoal has started the process to implement group-wide retrenchments, noting that this is necessary in light of lower demand from key customers, a lower selling price, above-inflation cost increases and the negative impact of Covid-19 on the company, which has necessitated a... 

The day is here, and climate change is on the ballot

By: Bloomberg     3rd November 2020 Election day in the US is finally here. The contrast between the presidential candidates could not be greater and there is no issue that makes that clearer than climate change. Democratic Presidential candidate Joe Biden has called it an “existential threat” while President Donald Trump has... 

De Beers says rough diamond demand is ticking up

By: Marleny Arnoldi     22nd October 2020 Diamond miner De Beers' rough diamond production decreased by 4% year-on-year to 7.2-million carats in the third quarter of the year as a result of planned reductions in production to match lower demand for rough diamonds in the market, amid Covid-19. Specifically, production from the company’s... 

Report discusses challenges, options as world continues to drive decarbonisation agenda 

By: Simone Liedtke     16th October 2020 While the global shift from fossil fuels to renewables is helping new ecosystems and technologies to emerge, many of the pursued steps towards decarbonisation pose unique challenges. Many participants in the energy and resources industries have declared an intention to become carbon neutral by... 

De Beers invests further in growing diamond beneficiators

By: Marleny Arnoldi     9th October 2020 Diamond miner De Beers Group has welcomed five diamond polishing and jewellery manufacturing companies to its Enterprise Development Project for Diamond Beneficiators. This project, launched by De Beers in 2016, aims to facilitate the growth and transformation of diamond beneficiation in South... 

Cleveland-Cliffs CEO says focus after ArcelorMittal deal is emissions

By: Bloomberg     29th September 2020 The head of Cleveland-Cliffs sees an “era of clean steel” ahead, and its main focus will be on cutting carbon emissions as it expands production of the metal with a second major acquisition this year. Cliffs, which on Monday said it will purchase the US operations of ArcelorMittal for... 

Manganese market fundamentals reaffirmed at Tesla Battery Day

By: Marleny Arnoldi     25th September 2020 TSX-V-listed Giyani Metals Corporation says it is encouraged by the endorsement of high-purity manganese as a critical component of cathode chemistries, as discussed during the Tesla Battery Day event on September 22. Tesla announced that the cathode chemistry for its intermediate range... 

Mining well placed to maintain healthy profits despite pandemic impacts, says Stanlib 

By: Marleny Arnoldi     18th September 2020 Asset manager Stanlib says the scars from a blow-out of corporate bond yields and indebted miners finding themselves on the brink of collapse have ultimately introduced good balance sheet and operational discipline into the sector. This included rationalising growth plans and consolidating... 

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