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Mining Weekly News

Harmony's Mponeng gold mine.
Miner ups full-year output and grades, lowers cost and capital guidance
17th May 2024 By: Martin Creamer

Execution and preparatory work on key gold projects are on track in South Africa, and early works on the copper project in Australia are to commence, Harmony Gold reported on Tuesday. In South... 


Barrick’s Mark Bristow greets Tanzania Minerals Minister Anthony Mavunde at African training academy, which is augmenting the closing Buzwagi mine’s transformation into a 3 000-job-a-year special economic zone with airport terminal.
Barrick highlights discovery and development as critical to value growth in mining
17th May 2024 By: Martin Creamer

Discovery and development are the only true drivers of value creation in the mining industry, Barrick president and CEO Dr Mark Bristow highlighted on Wednesday, when this standout gold and copper... 


World Platinum CEO Trevor Raymond at Shanghai Platinum Week 2023.
Shanghai Platinum Week: Hydrogen’s going to feature big, says World Platinum Investment Council
17th May 2024 By: Martin Creamer

The growth in demand for platinum applications in China is extremely high, making detailed access to the China market hugely advantageous. Providing this detailed access from July 8 to 11 will be... 


Minerals Council South Africa CEO Mzila Mthenjane.
How 30 years of democracy has transformed South Africa’s mining industry
10th May 2024 By: Martin Creamer

South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s... 


Copper 360 CEO Jan Nelson.
Copper 360 ships concentrate, on course to pay first dividend next year
10th May 2024 By: Martin Creamer

South Africa's rapidly advancing copper producer Copper 360 has shipped copper concentrate from the Northern Cape province for the first time in 21 years, which saw its shares rise by more than 26%... 


Orion Minerals CEO Errol Smart.
Standout copper intercept in Northern Cape sends Orion’s shares soaring on Australian exchange
10th May 2024 By: Martin Creamer

The richness of South Africa’s copper assets were emphasised on Monday when Northern Cape mine developer and explorer Orion Minerals published a standout intercept that sent its shares rocketing up... 


Jonsson L 550 large mobile cone crusher
Pilot Crushtec introduces Swedish brand of large-scale crushers in Southern Africa
10th May 2024 By: Marleny Arnoldi

Local mobile and semi-mobile crushing and screening equipment provider Pilot Crushtec has expanded its product lineup to the Southern African mining market with the addition of Swedish brand... 


Hypervine launches satellite survey service
10th May 2024 By: Natasha Odendaal

Satellite imagery and data analytics specialist and greentech business Hypervine has launched a new unlimited satellite surveys service. The Glasgow-headquartered group aims to provide... 


Zimplats CEO Alexander Mhembere
Zimplats to become cash generative in next financial year despite challenging environment, CEO says
3rd May 2024 By: Darren Parker

Platinum group metals (PGMs) miner Zimplats CEO Alexander Mhembere is confident about the company’s ability to become cash-generative in the next financial year, which starts in July, despite the... 


The Oyu Tolgoi copper mine in Mongolia
Building copper mines better than buying – Rio Tinto
3rd May 2024 By: Bloomberg

Rio Tinto Group’s copper head says he sees much more value in building mines rather than buying existing assets — comments that may disappoint industry observers anticipating another spate of... 


Citi sees gold hitting $3 000 as investor inflows juice rally
Citi sees gold hitting $3 000 as investor inflows juice rally
3rd May 2024 By: Bloomberg

Gold is set to reach $3 000 an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup said,... 


Ministerial Advisor and Presidency Green Hydrogen Lead Masopha Moshoeshoe.
South Africa well placed to benefit from huge green hydrogen outlook, attendees hear
3rd May 2024 By: Martin Creamer

Green hydrogen has a massive potential future and South Africa is very well positioned to produce it, attendees of the Hydrogen Economy Discussion heard on Thursday. Most of the 90-million tonnes... 


Strong consensus that markets need to be developed for platinum group metals.
Joint PGM market development has paid dividends, could pay many more, Platinum Day told
3rd May 2024 By: Martin Creamer

The market development aspect of the platinum group metals (PGM) industry is fundamentally key, it was repeatedly stated at last week’s 2024 Resources for Africa Platinum Day. There is strong... 


Palladium bar
Investors prioritising PGM miners able to generate free cash flow, reduce costs in current low-price environment
3rd May 2024 By: Marleny Arnoldi

With the platinum group metals (PGM) basket price remaining at low levels, particularly with platinum pricing at about $935/oz currently, investors are looking at how mining companies are able to... 


Platinum Group Metals CEO Frank Hallam
Odds-on entry of palladium, platinum into EVs highlighted by research update
3rd May 2024 By: Martin Creamer

New York- and Toronto-listed Platinum Group Metals, which is emerging in South Africa’s Waterberg, on Tuesday provided an update on its new light battery technology that points to increasing... 


Sibanye-Stillwater COO Richard Stewart
Collaboration crucial to ensuring PGM industry’s success
26th April 2024 By: Darren Parker

Creating greater synergies between competing platinum group metal (PGM) companies might be the only way for the industry to survive the current economic downturn, diversified miner... 


The Two Rivers PGM mine
South African PGM miners overcoming challenges to build new mines
26th April 2024 By: Schalk Burger

South African platinum group metal (PGM) miners are overcoming challenges and building new mines locally, albeit in phases, to derisk some of these promising tier-one projects. PGM mining industry... 


Hydrogen economy, platinum group metals go together.
Forbes article talks up potential of green hydrogen as an energy source
26th April 2024 By: Martin Creamer

There's no climate solution without hydrogen. It’s the missing piece of the clean energy puzzle, says a global CEO-led initiative that brings together leading companies with a united vision. This... 


Karst MD Guy Richards.
Use underground mines for electricity storage, optimise mine water use – Karst Hydro
26th April 2024

South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up... 


Gold Fields’ new Chile mine delivers its first gold
Gold Fields’ new Chile mine delivers its first gold
19th April 2024 By: Mariaan Webb

The new Salares Norte mine, in Chile, has produced its first gold, Johannesburg- and New York-listed Gold Fields reported on Tuesday. The new mine, which is key to the company achieving its gold... 


Brand new fuel cell is platinum-catalysed.
New platinum-based hydrogen fuel cell as cheap to make as conventional car engine
19th April 2024 By: Martin Creamer

The brand-new platinum-catalysed hydrogen fuel cell system that has just been released for passenger cars reveals that fuel cells can be as cheap to manufacture as internal combustion engines... 


Nedbank CIB Markets Research Head Arnold van Graan.
Current low PGM prices not reflective of supply-demand fundamentals – Nedbank CIB
19th April 2024 By: Martin Creamer

Platinum group metals (PGM) prices, where they are now, do not reflect the medium to long-term supply demand fundamentals. Instead, they are driven by short-term distortions, which imply that a... 


Namibia Mines and Energy Minister Tom Alweendo (left) and German Federal Minister for Economic Affairs and Climate Protection Dr Robert Habeck.
$10-billion Namibian green hydrogen project receives major German boost
12th April 2024 By: Martin Creamer

Namibia’s first gigawatt scale green hydrogen project – the $10-billion Hyphen development scheme – this week received a major boost from Germany. The boost came in the form of the German... 


The Kibali mine
Barrick explores new gold and copper ventures in DRC
12th April 2024 By: Creamer Media Reporter

Buoyed by the success of Kibali – Africa’s biggest gold mine – Barrick Gold is setting its sights on new opportunities in gold and copper in partnership with the government of the Democratic... 


An image of Kumba Iron Ore's Sishen mine
Kumba’s Sishen, Kolomela iron-ore operations perform highly in responsible mining audit
12th April 2024 By: Tasneem Bulbulia

Anglo American subsidiary Kumba Iron Ore’s Sishen and Kolomela mines, in South Africa, have been assessed against the Initiative for Responsible Mining Assurance’s (IRMA’s) comprehensive mining... 


At Harmony Gold's Eva copper project in Australia.
Special ‘prescribed’ status for Harmony’s Aussie copper project
12th April 2024 By: Martin Creamer

The copper mining project that Johannesburg Stock Exchange-listed Harmony Gold is developing in Australia has been granted special ‘prescribed project’ status in recognition of its social and... 


Redpath logo on machinery
Redpath acquires RUC
12th April 2024 By: Darren Parker

Contract mining company Redpath Mining subsidiary Redpath (Australia) Holdings has signed a share purchase agreement to acquire fellow contract miner RUC Mining Contractors. Pending regulatory... 


Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
Stage set for mining explosives centenarian to capture global top-three spot
5th April 2024 By: Martin Creamer

The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an... 


Menar MD Vuslat Bayoglu.
RBCT, TFR show that private-public collaboration can work very well – Menar
5th April 2024 By: Martin Creamer

The private-sector’s Richards Bay Coal Terminal (RBCT) and the State’s Transnet Freight Rail (TFR) have shown that the private sector and State-owned entities can work together very well, Menar MD... 


Copper 360 CEO Jan Nelson.
Copper 360 output set to quickly increase twofold on Nama Copper acquisition
5th April 2024 By: Martin Creamer

Energetic Northern Cape copper mining company Copper 360 this week produced the first concentrate from the plant it has just acquired from Nama Copper, which becomes its second concentrator plant... 


Underground mechanised mining trainee with VR set
Murray & Roberts Cementation raises the bar on mechanised mine training
5th April 2024 By: Marleny Arnoldi

Mining contractor Murray & Roberts Cementation on March 14 hosted a media tour of the mock-up mine and training facilities at its Bentley Park Training Academy, in Carletonville. The site is... 


UCT research team develops ‘new set of tools’ to support mine closure planning in South Africa
5th April 2024 By: Natasha Odendaal

A new set of tools aimed at assisting in responsible and sustainable mine closures across South Africa has been developed by a University of Cape Town (UCT) research team through a Water Research... 


From left Orion Resource Partners’ Andrew Ham, Rigel’s Stephen Saunders, Aurous CEO Richard Floyd, Citi’s Michael Cramer, and Citi South Africa’s Flint McGregor.
South African gold producer to be publicly traded entity in combination with US group
29th March 2024 By: Martin Creamer

South African gold producer Aurous, which owns and operates the Blyvoor gold mine and the Gauta tailings retreatment project on Gauteng's West Rand, has announced plans to go public through a... 


Exxaro media briefing.
Wind generation up, solar operational soon, Exxaro reports
29th March 2024 By: Martin Creamer

Group wind power generation last year increased by 8% and the Lephalale solar power project is on its way to being operational in the first quarter of next year, Exxaro CE Dr Nombasa Tsengwa... 


Elemental Energy’s Dereck Armstrong.
Stationary hydrogen power highlighted as major solution by Toyota fuel-cell-using developer
29th March 2024 By: Martin Creamer

When Engineering News & Mining Weekly covered last month’s local launch of BMW’s first hydrogen car fleet on South Africa's roads, we discovered that BMW’s hydrogen refilling station in Midrand is... 


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