R/€ = 19.27 Change: -0.01
R/$ = 16.44 Change: -0.05
Au 1879.04 $/oz Change: -27.47
Pt 862.65 $/oz Change: -22.93


SRK Consulting highlights Northern Cape mining potential following Joburg Indaba

By: Simone Liedtke     26th October 2020 The Northern Cape’s potential gained considerable mention at the recent Joburg Indaba mining conference as the prospects of South Africa’s minerals sector start to brighten. “It was encouraging to hear a similar message from major mining companies and juniors alike – that there is still... 

Kefi chairperson says pleased with developments at Ethiopia, Saudi Arabia projects

By: Tasneem Bulbulia     23rd October 2020 Aim-listed Kefi chairperson Harry Anagnostaras-Adams says he is delighted that the funding consortium for the Tulu Kapi project, in Ethiopia, has been finalised and that the overall project timetable for targeting the start of production in the fourth quarter of 2022 has been maintained. Kefi on... 

On-The-Air (23/10/2020) 

By: Martin Creamer     23rd October 2020 South Africa’s biggest mechanised gold mine is expecting to get approval to generate its own electricity before year-end; The decision of the Cabinet to impose a tax on the export of raw chrome will bring essential relief to our important but struggling ferrochrome industry; and there is growing... 

BHP ditches $2bn Olympic Dam expansion plan

By: Mariaan Webb     20th October 2020 Global diversified miner BHP has indicated that it will not proceed with the $2.1-billion brownfield expansion (BFX) project at its Olympic Dam mine, in South Australia, saying that the project's economics have encountered “challenges”. The BFX option, which was first announced in 2017, focused... 

Escondida supervisers agree on labour deal, strike threat averted

By: Reuters     17th October 2020 The union of supervisers at BHP's Escondida mine in Chile on Friday said it had reached an agreement on a labour deal, averting the threat of a strike at the world´s largest copper deposit. The new contract with the mine operator was approved in a 58% to 41% vote by the union´s members.... 

Newmont CEO sees copper growth, not worried about Barrick takeover

By: Reuters     17th October 2020 Copper will account for up to one-fifth of the metal produced by top gold miner Newmont by the end of the decade through development of its existing portfolio, the miner's chief executive said on Friday. "Simply developing, and shepherding through and stewarding our organic project pipeline, we... 

Coal mine disposal exacerbating carbon emissions problem – Glencore  

By: Martin Creamer     16th October 2020 The disposal of thermal coal mines in response to environmental, social and governance (ESG) investors is not lowering carbon dioxide (CO2) emissions but exacerbating the problem, Glencore CEO Ivan Glasenberg pointed out on Friday. Questioned by Financial Times (FT) natural resources editor Neil... 

Galileo completes Africibum acquisition

By: Marleny Arnoldi     16th October 2020 Aim-listed Galileo Resources has finalised the acquisition of Africibum and its five prospecting licences in the North East Kalahari Copperbelt project, in Botswana. The transaction also includes two mining tenement applications that Africibum had submitted. 

Escondida supervisers evaluate proposal, extend talks

By: Reuters     15th October 2020 Supervisers at Chile's Escondida mine said they were evaluating a new labour contract proposal from mine operator BHP amid negotiations to head off a strike at the world's largest copper deposit, the union told Reuters. The union of supervisors at the sprawling Escondida mine last week rejected... 

Oyu Tolgoi achieves Copper Mark

By: Mariaan Webb     13th October 2020 The Oyu Tolgoi mine, in Mongolia, has been awarded the Copper Mark – the industry's new responsible production programme. Oyu Tolgoi has met more than 30 criteria for responsible environmental, social and governance (ESG) operating practices, Rio Tinto-controlled Turquoise Hill said on Tuesday.... 

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