R/€ = 20.55 Change: -0.03
R/$ = 17.42 Change: 0.05
Au 1933.61 $/oz Change: -61.63
Pt 937.18 $/oz Change: -27.96


Zeppelin International to utilize Workforce Optimization Solutions from Immersive Technologies

By: Creamer Media Reporter      12th August 2020 Zeppelin International, one of the largest Caterpillar® Dealers in Europe and CIS region, with the support of technology and services from Immersive Technologies, is set to provide comprehensive training for both green and experienced personnel operating a range of Caterpillar truck models within... 

Argonaut expects significant free cash flow in H2

By: Mariaan Webb     12th August 2020 North American intermediate gold producer Argonaut Gold, which last month closed the acquisition of Alio Gold, is forecasting significant free cash flow in the second half of the year, CEO Pete Dougherty said on Tuesday. At $1 900/oz, the company would generate between $49-million and... 

Hudbay posts $51.9m quarterly loss as Peru suspension weighs

By: Mariaan Webb     12th August 2020 The eight-week suspension of operations at the Constancia mine, owing to Covid-19 measures in Peru, had a significant impact on gold and base metals miner Hudbay Minerals’ second-quarter results, with the company posting a $51.9-million, or $0.20 a share, net loss. After adjusting for the impact... 

Northam expects record operating profit despite output losses

By: Marleny Arnoldi     12th August 2020 JSE-listed Northam Platinum expects to achieve a record operating profit for the financial year ended June 30. Normalised headline earnings per share (HEPS) should be between 562c and 621c, compared with normalised HEPS of 270c reported for the year ended June 30, 2019.  

Mponeng transfer to Harmony expected soon – AngloGold 

By: Martin Creamer     11th August 2020 The transfer of Mponeng gold mine to Harmony Gold is down to Department of Minerals Resources and Energy approval under legislation relating to mine transfer, according to outgoing AngloGold Ashanti CEO Kelvin Dushnisky. Answering analysts questions following the presentation of the company’s... 

Ferrochrome business remains solid, world still requires large amount of it – Glasenberg 

By: Martin Creamer     11th August 2020 The ferrochrome business remains solid and there is still a large amount of ferrochrome required in the world. Unfortunately, most of the production occurs in ferrochrome plants in China, while South Africa continues exporting chrome ore and moving a large amount of it to China owing to South... 

Gas to assist in Covid recovery - report

By: Esmarie Iannucci     10th August 2020 – The global gas industry is expected to play a ‘vital role’ in economic recovery post Covid-19, and in a cleaner energy future, a new report by the International Gas Union (IGU) has found. In its Global Gas Report 2020, the IGU noted that after growing by more than 2% in 2019, global gas use is... 

Russian Arctic peoples appeal to Elon Musk for Nornickel boycott

By: Bloomberg     7th August 2020 A group of indigenous people in Russia are asking Tesla’s Elon Musk to stop buying supplies from miner MMC Norilsk Nickel until the company compensates them for environmental damage to their ancestral lands. “The lands of indigenous people appropriated by the company for industrial production... 

Global mining M&A, capital raising falls in the second quarter

By: Tasneem Bulbulia     7th August 2020 After a flat first quarter, the total value of mining deals – including mergers and acquisitions (M&A), capital raising and asset transactions – declined by $5.3-billion to $20.6-billion in the second quarter, reports data and analytics company GlobalData. “Mining M&A values dropped by 30.5% or... 

Eastplats lifts second-quarter revenue

By: Tasneem Bulbulia     7th August 2020 JSE-listed Eastern Platinum’s (Eastplats') revenue for the six months ended June 30 increased by 49% year-on-year to $23.5-million. Its operating loss, however, remained flat at $2.2-million, despite the production lost owing to measures implemented to halt the spread of Covid-19. 

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