R/€ = 18.9394 Change: 0.0257
R/$ = 17.6593 Change: 0.1827
Au 1866.49 $/oz Change: -4.50
Pt $/oz Change:


Mining countries being helped to build critical mineral supply chains

By: Martin Creamer     Updated 3 hours ago The United States of America wants to support mineral producing countries to build enabling environments for investment throughout the critical minerals supply chain and not just focusing on extraction alone. This was stated by US Under Secretary of State for economic growth, energy and... 

Modernising SA’s mineral extraction sector through research development and innovation 

By: Simone Liedtke     Updated 5 hours ago The Mandela Mining Precinct (MMP), will again this year form part of the South African Pavilion at the “Investing in African Mining” Indaba exhibition, jointly with the  Department of Science and Innovation. Together with other State-owned entities, it will be creating awareness of investment... 

Methano Group advances goal of becoming leading EPCM firm in Africa 

By: Simone Liedtke     Updated 5 hours ago Multidisciplinary engineering, procurement and construction management (EPCM) firm Methano Group is in the late engagement stage with its strategic partners in setting up offices in Southern Africa Development Communities (SADC) countries, such as Zambia. This, says group CEO Sereme Maphaka, will... 

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... 

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... 

No substitute for reliability, ROI

3rd February 2023 South Africa’s electricity crisis has made it more evident than ever that maintenance and planning should form the core of any industrial operation, says mining supplies company Mechanical Rotating Solutions (MRS). Many mining companies strive to improve the reliability of their operations, but... 

Wesizwe to commission Bakubung processing plant in March or April

By: Marleny Arnoldi     2nd February 2023 JSE-listed platinum miner Wesizwe Platinum has identified various deficiencies at its Bakubung platinum mine’s processing plant, in Rustenburg, in North West, after a test run of the entire system. Some of the snags include electrical malfunctioning of the flotation machine, a leak in the process... 

Copper drives Anglo’s overall fourth-quarter production higher, but PGMs, nickel disappoint 

By: Marleny Arnoldi     2nd February 2023 Diversified miner Anglo American has reported a year-on-year improvement in the production of nearly all its commodities – except for platinum group metals (PGMs) and nickel – for the fourth quarter of 2022. CE Duncan Wanblad says overall production increased by 10% year-on-year, driven by the... 

Smelter rebuild, lower grades contribute to Amplats’ lower fourth-quarter output

By: Marleny Arnoldi     2nd February 2023 Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has reported a 10% year-on-year decrease in metal-in-concentrate production to 990 400 oz for the fourth quarter of 2022. Output at the company’s own-managed mines decreased by 12% year-on-year to 557 600 oz, owing to lower... 

Ivanhoe outlines $3.78bn capex plans for 2023/4

By: Darren Parker     1st February 2023 TSX-listed Ivanhoe Mines intends to spend a combined $3.78-billion in capital expenditure (capex) on its Kamoa-Kakula copper project and Kipushi zinc/copper mine, in the Democratic Republic of Congo, as well as on its Platreef platinum group metals mine, in Limpopo, South Africa, in 2023 and... 

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