R/€ = 19.36 Change: 0.13
R/$ = 17.38 Change: 0.16
Au 1743.43 $/oz Change: 22.34
Pt 843.00 $/oz Change: 11.06


ELB shareholders vote in favour of Australian business disposal

By: Marleny Arnoldi     26th May 2020 JSE-listed capital equipment and solutions provider ELB Group will proceed with selling its Australian business, after a majority of shareholders voting in favour of the disposal. The company hosted a general meeting on May 25 for shareholders to vote on the proposed disposal of ELB Australia.  

Long-duration clean energy storage ideal for mining microgrids

By: Creamer Media Reporter      23rd May 2020 Reliable, cost-effective energy supply 24x7 is an essential resource for successful mining operations, whether grid-connected or off-grid.  In Africa, reliability of utility-sourced electricity is becoming more and more of a challenge, while off-grid diesel generation and the cost and logistics... 

Zambia reopens border with Tanzania to cargo after Covid-19 closure

By: Reuters     15th May 2020 Zambia reopened its Nakonde border with Tanzania on Friday for cargo after a five-day closure of the key transit point for copper and cobalt exports and fuel imports, but people were still not allowed to cross, a provincial minister told Reuters. President Edgar Lungu had shut the border on... 

Siemens ready to help Africa with digitalisation challenges

By: Shannon de Ryhove     5th May 2020 The effects of digitalisation are different worldwide, and Africa is no exception. German multinational Siemens senior VP for Digital Industries in Southern and Eastern Africa Ralf Leinen says that, for the first time, Africa has an opportunity to use smart technology to transform entire... 

Alacer maintains full year outlook

By: Esmarie Iannucci     1st May 2020 Dual listed gold miner Alacer Gold has maintained its production outlook for the 2020 financial year, reporting a strong first quarter in the three months to March. The ASX- and TSX-listed company produced 87 863 oz of gold during the three months under review, down slightly from the 89 354 oz... 

Mining shifts focus to technology, automation

1st May 2020 Technology implemented alongside the correct logistics and strategy, makes a difference to age-old industries, automation company SICK Automation noted in a press release in February. As the mining industry is faced with numerous challenges relating to growth in a digitised economy, it is in... 

Final list of sectors entitled to resume under ‘Level 4’ lockdown to be published soon

By: Terence Creamer     25th April 2020 The South African government has unveiled initial details of its risk-adjusted approach for resuming economic activity and easing restrictions imposed as part of a hard lockdown, which was instituted on March 26 to combat the spread of the Covid-19 virus. President Cyril Ramaphosa announced on... 

Newmont to reopen some Canadian, South American mines in 'days or weeks'

By: Reuters     18th April 2020 Newmont is looking to restart in as soon as days some of the four Canadian and South American gold mines that it shut last month to curb the spread of the new coronavirus, CEO Tom Palmer said on Friday. The world’s biggest gold miner wound down operations at its Yanacocha mine in Peru in... 

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... 

New gold futures contract launched – LBMA 

By: Martin Creamer     10th April 2020 A new gold futures contract just launched has expanded delivery options, London Bullion Market Association (LBMA) said on Thursday. The membership of LBMA, a gold and silver trade association, is made up of banks, traders and logistics companies across the world, resulting in it being given... 

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