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Nevada Gold Mines assisting its local communities

By: Simone Liedtke     3rd April 2020 Nevada Gold Mines (NGM), in collaboration with the state of Nevada and its stakeholders, is working to identify immediate needs and provide financial and logistical support to mitigate the impact of the Covid-19 pandemic on its local communities. NGM is a joint venture (JV) between Barrick Gold... 

NT approves first lithium project

By: Esmarie Iannucci     3rd April 2020 The Northern Territory government has approved ASX-listed Core Lithium’s mine management plan for its proposed Finniss lithium project. The Northern Territory’s Primary Industry and Resources Minister Paul Kirby said that it was the first ever lithium mine to be approved outside of Western... 

A grim economic forecast for South Africa from JP Morgan

By: Rebecca Campbell     1st April 2020 US-based investment bank and financial services company JP Morgan Chase & Company (JP Morgan) has, in its latest weekly economic forecast for more than 40 countries and regions around the world, identified South Africa as one of the five countries likely to be the most severely hit by the... 

Eskom gearing up to run philosophy maintenance ‘as a project’ following Covid-19 hiatus 

By: Terence Creamer     1st April 2020 State-owned electricity producer Eskom is gearing up to implement philosophy maintenance as a centralised project across its unreliable coal fleet, where ongoing breakdowns have increased the risk of growth- and confidence-sapping load-shedding. The utility’s board has given its approval for the... 

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... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge

By: Martin Creamer     28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... 

Petra Diamonds suspends guidance, scales down operations

By: Marleny Arnoldi     27th March 2020 London-listed Petra Diamonds has, in accordance with what the Department of Minerals Resources and Energy expects from miners during South Africa’s 21-day lockdown period, scaled down its operations. The diamond miner advised on March 27 that it had scaled down operations to operate at a... 

Coronavirus uncertainty sinks Alderon’s deal with Tunghsu

By: Mariaan Webb     27th March 2020 The volatility and uncertainty created by the outbreak of the Covid-19 pandemic has scuppered a potential deal that Canadian junior Alderon Iron Ore agreed with a Chinese partner and has now left the company scratching for money to repay a loan due by the end of this month. Alderon said on... 

Centerra reports better-than-expected production from its two flagship mines

By: Marleny Arnoldi     27th March 2020 TSX-listed Centerra Gold reported a strong operating performance from its two mines in 2019, exceeding the company’s consolidated gold production and cost guidance. The Kumtor and Mount Milligan mines, in Kyrgyzstan and Canada's British Columbia, respectively, together produced about 783 300 oz... 

Gold to remain relevant, says WGC

By: Tasneem Bulbulia     26th March 2020 With the rapidly evolving COIVD-19 situation globally, market development organisation the World Gold Council (WGC) CEO David Tait indicated that Like most asset classes, gold has been affected by widespread, rapid-fire asset sales and a dash for cash, says World Gold Council (WGC) CEO David Tait. 

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