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Glencore donates over R23m towards COVID-19 relief efforts

29th May 2020 Mining giant Glencore in South Africa has responded to President Cyril Ramaphosa’s call for corporates in the country to play an active role in assisting distressed communities affected by the COVID-19 pandemic. The company will donate over R23 million in funding, goods, as well as services to... 

ELB shareholders vote in favour of Australian business disposal

By: Marleny Arnoldi     26th May 2020 JSE-listed capital equipment and solutions provider ELB Group will proceed with selling its Australian business, after a majority of shareholders voting in favour of the disposal. The company hosted a general meeting on May 25 for shareholders to vote on the proposed disposal of ELB Australia.  

Dominion Diamond reaches agreement to sell substantially all its assets

By: Creamer Media Reporter      25th May 2020 Struggling miner Dominion Diamond Mines, which filed for insolvency protection last month, has reached an agreement to sell substantially all its assets in a transaction that will allow mining operations at Ekati to resume and avoid bankruptcy. The company signed a letter of intent (LoI) with an... 

Clayton Valley study proves viability for Cypress to go ahead with pilot plant

By: Marleny Arnoldi     22nd May 2020 TSX-V-listed Cypress Development has announced positive results from a prefeasibility study (PFS) of the company’s Clayton Valley lithium project, in Nevada, US. The study, prepared by Continental Metallurgical Services, envisions an average production rate of 15 000 t/d to produce 27 400 t/y... 

Applied Mineral Technologies

22nd May 2020 Established in 2001, South African materials handling systems and processing plants construction company Applied Mineral Technologies (Amtec) has come a long way from being a consultancy to a fully fledged industrial construction company. Amtec specialises in civil, structural, mechanical, piping... 

Regulatory Framework in the Indian Mining Industry: Evolution & Need for an Enduring Outlook

By: Creamer Media Reporter      18th May 2020 By: Munawwar Naseem, Partner-Dua Associates, Delhi Febin Mathew Varghese, Principal Associate- Dua Associates, Delhi 1. Regulatory regime along with geo-politics play a significant role in the mining sector. Political upheavals and consequent regulatory changes are major factors influencing... 

Re-evaluating, adapting practices are key to value creation in unfamiliar world

By: Creamer Media Reporter      8th May 2020 Johannesburg-based consulting company Practara provides independent advisory services to junior, mid-tier and major companies in the minerals sector. It provides clients with practical yet innovative solutions to assist with strategic decision-making regarding their mining assets – particularly... 

As opposition to Level 4 grows, economists debate easing options 

By: Terence Creamer     8th May 2020 With the opposition to South Africa’s Level 4 lockdown growing, along with calls for increasing the scope and scale of economic activity, several economic commentators are urging the authorities to take lessons from those countries that have already started to emerge from lockdowns and adapt them... 

Morgan Stanley-backed fund to buy virus-hit South African firms

By: Bloomberg     6th May 2020 Capitalworks Investment Partners plans to invest R5-billion of newly raised cash in mid-sized South African companies hit by a shrinking local economy and the coronavirus pandemic. The firm raised 25% more than planned for its Private Equity Fund III from Morgan Stanley’s Alternative Investments... 

Buffalo implements ‘no work, no pay’ for unusable services employees

By: Martin Creamer     6th May 2020 Coal mining company Buffalo Coal said on Wednesday that it had implemented a ‘no-work-no-pay’ policy for those employees whose services could be not utilised since the extension of national lockdown on April 17. In its fourth Covid-19 update, Buffalo stated that it had successfully implemented... 

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