R/€ = 17.10 Change: 0.01
R/$ = 14.06 Change: 0.00
Au 1834.43 $/oz Change: 15.53
Pt 1261.00 $/oz Change: 13.72


New Memsa CEO to focus on advocacy, partnerships to grow local mining equipment manufacturing

By: Schalk Burger     7th May 2021 Industry organisation the Mining Equipment Manufacturers of South Africa (Memsa) has appointed Lehlohonolo Amos Molloyi CEO and programmes manager. He plans to maximise the industry body's impact through advocacy and partnership to support localisation, transformation, technology development and... 

Gold Fields going greener and cleaner across broad front 

By: Martin Creamer     7th May 2021 Gold mining company Gold Fields, which this week announced the board’s green light for a 40 MW solar photovoltaic plant at the South Deep mine, near Carletonville, intends taking short- medium- and long-term steps to lower emissions in underground mining in general and at South Deep in... 

Global gold ETF holdings drop in the first quarter  

By: Tasneem Bulbulia     7th May 2021 Gold exchange-traded fund (ETF) investors liquidated 175 t in the first quarter of this year, representing the largest level of net quarterly outflows since the fourth quarter of 2013, says financial markets, data and infrastructure provider Refinitiv Metals Research. It was also the second... 

Mining Indaba expands the Advisory Board for 2022

7th May 2021 Investing in African Mining Indaba (Mining Indaba), organised by Hyve Group Plc announced the newly expanded Advisory Board last week. The strategic committee includes distinguished finance, technology, sustainability, mining operations, policy, and governance leaders whose focus will be to shape... 

Solar at South Deep, ruthenium, short-termism make headlines   

7th May 2021 Mining Weekly Editor Martin Creamer unpacks Gold Fields' R660-million 40 MW solar plant at South Deep, the possible declining use of ruthenium in fuel cells in relation to green hydrogen and Barrick Gold's Mark Bristow's criticism of the resurgence short-termism.   

New Kyrgyz law allows for control of Kumtor, mine faces civil and tax claims

By: Mariaan Webb     7th May 2021 The Kyrgyzstan Parliament has passed a law that will enable the government to impose “external management” on the Kumtor Gold Company (KGC), owner Centerra Gold said on Friday, while also revealing that the mine faced a $3-billion civil claim and that it owed $170-million in additional taxes.... 

On-The-Air (07/05/2021) 

By: Martin Creamer     7th May 2021 Gold Fields is spending R660-million on solar power at the big South Deep gold mine in Gauteng; Strict new global rules now apply to mine dumps in a bid to ensure that they don’t kill any more people; and South African and Ghanaian business locked armed this week in a welcome automotive deal. 

Artisanal and small-scale mining workforce has tripled from 2001

By: Donna Slater     7th May 2021 Mineworkers in the artisanal and small-scale mining (ASM) industry make up the world’s largest mining workforce, with the number of such workers more than tripling from 13-million estimate of 2001 by the International Labour Organisation, reveals the yearly report on the state of the ASM industry... 

Net zero gold a ‘realistic prospect’ – WGC  

By: Simone Liedtke     6th May 2021 The increased accessibility of means to further decarbonise electricity is creating an opportunity for gold to move towards carbon neutrality and makes net zero gold a realistic prospect, World Gold Council (WGC) market relations director and climate change lead John Mulligan said during the... 

Ministerial determination sanctioning private power procurement would spur investment, clear regulatory blockages 

By: Terence Creamer     5th May 2021 The chairperson of the South African Independent Power Producer Association (SAIPPA) believes that the quickest and cheapest way to reduce, or eliminate, South Africa’s growth-sapping risk of load-shedding would be for Mineral Resources and Energy Minister Gwede Mantashe to issue a Ministerial... 

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