R/€ = 18.52 Change: -0.08
R/$ = 15.15 Change: 0.00
Au 1855.66 $/oz Change: -7.08
Pt 1100.55 $/oz Change: -9.34


Sibanye announces senior management changes

By: Tasneem Bulbulia     22nd January 2021 Precious metals miner Sibanye-Stillwater has made further changes to its organisational structure, which it says is designed to enhance delivery and strategic focus. Robert van Niekerk, previously executive VP: Group Technical, has been appointed chief technology officer, effective from December... 

Lily mine not for sale, says Vantage as it plans restart of operations 

By: Donna Slater     22nd January 2021 Owner of the shut Barberton-based Lily gold mine, Vantage Goldfields has countered claims made by political organisation ActionSA president Herman Mashaba that the mine has received two bids by third parties that intend to acquire and reopen the mine. The Lily mine has been closed since a... 

Australia's MMG CEO sees short term upside momentum for copper

By: Reuters     22nd January 2021 Copper prices are likely to rise further after pushing above $8 000/t this month, supported by China's strong economy and government stimulus efforts after the Covid-19 pandemic, the head of Hong Kong-listed MMG Ltd said on Friday. Prices of copper have nearly doubled from last year's lows and... 

Pan African says on track to meet full-year guidance

By: Tasneem Bulbulia     22nd January 2021 Precious metals miner Pan African Resources CEO Cobus Loots says the company delivered a “commendable operational and safety performance, amid the challenges of the ongoing Covid-19 pandemic” during the six months ended December 31. In an operational update for the six months, published on... 

Argonaut cleared to start work on C$480m Ontario gold project

By: Mariaan Webb     22nd January 2021 Toronto-listed Argonaut Gold has been cleared to start site preparation for the construction of its C$480-million Magino gold mine. The Toronto-listed company announced on Thursday that the province of Ontario had filed the closure plan for Magino, which would produce about 150 000 oz/y in the... 

Cruz Cobalt to start operations at Ontario cobalt projects

By: Simone Liedtke     21st January 2021 Cobalt-focused Cruz Cobalt intends to start operations at its cobalt projects in Ontario, Canada. Cruz is one of the largest landholders in the historic silver/cobalt producing region of Cobalt, Ontario, and the company's projects are in the direct vicinity of TSX-V-listed Fuse Cobalt and... 

Vedanta agrees to settlement with Zambian villagers over pollution claims

By: Marleny Arnoldi     19th January 2021 UK-based law firm Leigh Day has confirmed in a statement that global diversified miner Vedanta Resources has agreed to pay a settlement for all claims brought against it by Zambian claimants related to alleged pollution around the Konkola Copper Mines (KCM) operations. Without admission of... 

Law firm says ESG most prominent risk beyond pandemic resilience

By: Marleny Arnoldi     15th January 2021 International law firm White & Case says 45% of decisionmakers believe environmental, social and governance (ESG) issues will be the biggest risk to the mining and metals sector this year. The firm reports in its 'Mining and Metals 2021' survey that the global mining and metals sector is facing... 

Edenville agrees revised repayment schedule with Lind

By: Tasneem Bulbulia     15th January 2021 Aim-listed Edenville Energy has agreed a revised repayment schedule with Lind Partners, following constructive dialogue with the company regarding the repayment terms of its outstanding funding agreement with Lind. As announced on October 6, 2020, Lind requested Edenville repay the total... 

Atalaya achieves new production record

By: Simone Liedtke     14th January 2021 Dual-listed Atalaya Mining has achieved a new production record of 55 890 t of copper in 2020, with the year’s guidance met, notwithstanding the operating challenges and mandatory stopping in April as a result of Covid-19 restrictions. Copper production in the fourth quarter exceeded the guidance... 

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