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Junior Indaba sponsor looks forward to engaging juniors

By: Mamaili Mamaila     24th May 2019 Mining and minerals advisory company Fraser McGill will, for the first time, sponsor the Junior Indaba this year, which will be held at the Country Club Johannesburg, in Auckland Park, from June 4 to 5. “As our business is specifically geared towards juniors, the demand and acceptance from them... 

Menar looking for more opportunities in South African coal mining sector

By: Mamaili Mamaila     24th May 2019 Mining investment company Menar, as a part of recently formed coal mining investment company Sibambene Coal, a 51% black-owned company, is looking for opportunities in the South African coal sector. 

Zimbabwe awards platinum concession to firm linked to Nigerian billionaire

By: Reuters     23rd May 2019 Zimbabwe has awarded a concession to explore for and mine platinum to a company linked to a Nigerian billionaire as the country speeds up investment in a mining sector it hopes will transform the country's struggling economy. The concession comes just over a year after President Emmerson... 

PIC goes to London for Lonmin decision 

By: Bloomberg     23rd May 2019 South Africa's Public Investment Corporation (PIC) faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner. When Lonmin shareholder votes are tallied next Tuesday at a meeting... 

Minerals Council welcomes safety improvements, but warns of continuing policy concerns 

By: Nadine James     22nd May 2019 The Minerals Council South Africa will, later this year, launch a new health and safety initiative called Khumbela iKhaya, council chaiperson Mxolisi Mgojo revealed on Wednesday. Addressing the council's annual general meeting, he noted that appreciable improvements in the health and safety... 

Minerals Council welcomes Merafe Resources CEO as VP

By: Nadine James     22nd May 2019 The Minerals Council South Africa has added Merafe Resources CEO Zanela Matlala as a VP. This was announced at the council’s annual general meeting, on Wednesday, during which it was confirmed that Anglo American South Africa executive head Andile Sangqu and Sibanye-Stillwater CEO Neal Froneman... 

Zimbabwe mine output subdued in first quarter as dollar crunch bites

By: Reuters     22nd May 2019 Zimbabwe's mining sector was subdued in the first quarter due to a severe dollar crunch that affected production, with gold the most hit, the mining chamber said, adding some bullion miners had experienced recently introduced power cuts. Mining generates most of the export earnings for the... 

Young consumers, self-buying to boost platinum jewellery demand

By: Tasneem Bulbulia     22nd May 2019 Young consumers, men’s jewellery and female self-purchasing will build on platinum’s entrenched standing in bridal jewellery to drive future demand, Platinum Guild International (PGI) reports. The guild’s yearly ‘Platinum Jewellery Business Review’ surveys over 1 000 manufacturers and retailers,... 

Gordhan says mining firms must reverse job cuts

By: Bloomberg     22nd May 2019 South Africa’s mining companies must reverse recent decisions to cut jobs in the industry to help revive the economy and boost investor confidence, according to Public Enterprises Minister Pravin Gordhan. His comments come a day after Lonmin said it plans to cut 4 100 workers at platinum mines... 

Zimbabwe got loan from Afreximbank using platinum collateral

By: Bloomberg     21st May 2019 Zimbabwe secured a $500-million loan from the African Export-Import Bank to try and stabilize its currency market by offering platinum production as collateral, a person familiar with the details of the agreement said. The Reserve Bank of Zimbabwe on Saturday announced on Twitter that the money... 

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