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CSIR to showcase VR technology at Mining Indaba
By: Darren Parker 3rd February 2023 Virtual reality (VR) training technology designed by the Council for Scientific and Industrial Research (CSIR) to enhance the safety of mineworkers through knowledge training on hazardous underground incidents, will be showcased at the Investing in African Mining Indaba taking place at the Cape... →
A new era beckons for mining finance
3rd February 2023 By Chetan Jeeva, Head SA Corporate Lending, Absa CIB While its contribution to GDP may have declined over time, the South African mining and resources sector is a systemically important part of the domestic economy. As such, continued innovation from operators, explorers, and financiers will be... →
Thungela diversifying with Australian coal mine acquisition
By: Tasneem Bulbulia 3rd February 2023 JSE-listed Thungela Resources has entered into agreements to acquire a controlling interest in the Ensham coal mine, an operating thermal coal asset, in Queensland, Australia. Thungela has, subject to regulatory approvals, entered into an agreement with Audley Energy and Mayfair Corporations... →
Serious challenges face the South African junior coal mining sector
By: Rebecca Campbell 3rd February 2023 The major problems facing the junior and emerging coal mining sector in South Africa were finance, a dysfunctional regulator and logistical difficulties. These were highlighted in a panel discussion at the Southern African Coal Conference, in Cape Town, on Friday. Minerals Council Junior and... →
Implats’ interim earnings steady, despite lower refined output
By: Marleny Arnoldi 3rd February 2023 JSE-listed Impala Platinum Holdings expects its earnings before interest, taxes, depreciation and amortisation (Ebtida) for the six months ended December 31 to remain broadly unchanged from the Ebitda of R24.5-billion reported for the six-month period ended December 31, 2021. The company, which... →
MacLean Brings ‘Made in Africa, For Africa’ Message to Mining Indaba 2023
3rd February 2023 Company’s fleet footprint has seen rapid expansion across sub-Saharan Africa in recent years – next step is MacLean EV Series rollout At this year’s edition of the Mining Indaba in Cape Town, MacLean Africa will be showcasing its latest battery electric mining vehicle (BEV) offering: a MacLean EV... →
Gold Fields disputes Ghana tax bill
By: Reuters 3rd February 2023 Gold Fields on Thursday said it is disputing tax payments demanded by the Ghana Revenue Authority (GRA) after an audit and is working with the tax authority to resolve the matter. Gold Fields, which has three gold-mining operations in Ghana, said it could not disclose the size of the back taxes... →
South Africa’s century-old Rand Refinery runs at 75% as mines dim
By: Bloomberg 3rd February 2023 South Africa’s largest gold refiner is operating below capacity as output from local mines dwindles and supplies from elsewhere on the continent are scooped up by unaccredited rivals. The 102 year-old Rand Refinery in the east of Johannesburg – the only African refiner accredited with the London... →
Zimbabwe allows miners, exporters to keep more forex from exports
By: Reuters 3rd February 2023 Zimbabwe's central bank on Thursday said it will allow exporters, including miners, to keep 75% of their export earnings in foreign currency after the current cap of 60% drew complaints from the industry. The new measure, however, falls short of miners' demands to keep 80% of their export... →
Plug pulled on LNG import terminal in NSW
By: Esmarie Iannucci 3rd February 2023 Reports emerged on Friday that Energy Projects and Infrastructure Korea (EPIK) had shelved plans for its $589-million Newcastle GasDock liquefied natural gas (LNG) import terminal in New South Wales. In its gas inquiry report released late in January this year, the Australian Competition and... →
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