R/€ = 20.20 Change: -0.21
R/$ = 18.52 Change: -0.29
Au 1595.37 $/oz Change: -1.33
Pt 723.64 $/oz Change: 2.20


RCT automates mine fleet in Burkina Faso

1st April 2020 World-leading autonomous solutions specialist RCT is pleased to have executed a project with African Underground Mining Services (AUMS) at the Siou underground gold mine in Burkina Faso. Earlier this year RCT commissioned its ControlMaster® Guidance Automation technology on two of Siou’s CAT... 

Bauba turns a profit in 2019

By: Marleny Arnoldi     27th March 2020 Diversified mining and exploration company Bauba Resources managed to narrow its basic loss a share to 0.01c apiece in the year ended December 31, 2019, compared with a basic loss a share of 2.55c apiece in the year ended December 31, 2018. The company’s total comprehensive profit for the year... 

Petra Diamonds suspends guidance, scales down operations

By: Marleny Arnoldi     27th March 2020 London-listed Petra Diamonds has, in accordance with what the Department of Minerals Resources and Energy expects from miners during South Africa’s 21-day lockdown period, scaled down its operations. The diamond miner advised on March 27 that it had scaled down operations to operate at a... 

Centerra reports better-than-expected production from its two flagship mines

By: Marleny Arnoldi     27th March 2020 TSX-listed Centerra Gold reported a strong operating performance from its two mines in 2019, exceeding the company’s consolidated gold production and cost guidance. The Kumtor and Mount Milligan mines, in Kyrgyzstan and Canada's British Columbia, respectively, together produced about 783 300 oz... 

Argentina mines and projects halted as Covid-19 isolation hits

By: Mariaan Webb     20th March 2020 Mines and projects are ramping down in Argentina, after a mandatory social isolation declaration was issued, with Yamana Gold and Hochschild Mining confirming on Friday that their operations in that country would be reduced and Lithium Americas suspending construction at the Cauchari-Olaroz... 

World’s biggest precious metal industry readies for coronavirus 

By: Bloomberg     17th March 2020 Platinum and gold mines in South Africa, which together make up the world’s biggest precious metals industry, are gearing up to try and minimise a local outbreak of the coronavirus that could disrupt operations where hundreds of thousands of people work in close proximity. Companies including... 

Asanko to change to Galiano, names new chairperson

By: Mariaan Webb     11th March 2020 TSX- and NYSE American-listed Asanko Gold has announced that former Eldorado Gold CEO Paul Wright will become chairperson of the board of directors on April 1, succeeding Colin Steyn who has indicated that he will not seek re-election at the April 30 annual general meeting (AGM). At the AGM,... 

Newcrest adjusts guidance as Lihir disappoints

By: Esmarie Iannucci     11th March 2020 Gold major Newcrest Mining has downgraded its production guidance for the 2020 financial year, following the $90-million sale of its Gosowong project, in Indonesia, and on the back of production difficulties at Lihir, in Papua New Guinea. Newcrest was expecting gold production for the full year... 

Ivanhoe reports ‘excellent progress’ at Kamoa-Kakula

By: Simone Liedtke     9th March 2020 Development of TSX-listed Ivanhoe Mines’ Kakula mine, the first of multiple planned mining areas at Kamoa-Kakula, in the Democratic Republic of the Congo (DRC), is said to be making “excellent progress”, with civil works advancing rapidly and initial copper concentrate production from the mine on... 

On-The-Air (06/03/2020) 

By: Martin Creamer     6th March 2020 South Africa’s biggest black-managed and black-controlled platinum mining company is taking steps to generate its own renewable electricity. Royal Bafokeng Platinum has a policy of giving all its employees the opportunity to fund their own dignified homes. South Africa is hopelessly short of... 

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