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Sibanye-Stillwater says R964-million of the R4.4-billion K4 platinum group metals project at Marikana will be spent this year and next, with the shaft already 77% complete and on track for steady-state production in 2033. Executive VP Dawie van Aswegen says the 48-year-life project, with a net present value of R17.6-billion, will help move the company's PGM segment further down the global cost curve.
Precious metals prices dip then rebound on Middle East tensionsHeraeus Precious Metals reports gold and silver prices fell before recovering after fresh US-Iran hostilities pushed oil above $80/bbl, while central banks, led by Poland and China, remained net gold buyers in May. Platinum and palladium exchange-traded fund holdings continued declining through the first half of the year, though KGHM has approved a fourth grinding line at Sierra Gorda to lift silver, copper and gold output from 2030.
New equipment launches target African mining and quarrying efficiencyPilot Crushtec has introduced its EU Stage V-compliant TwisterTrac VS350E crusher and the compact, container-friendly DynamiTrac XS200 scalping screen for smaller operators, while Babcock has become Lincoln Electric's preferred welding partner across sub-Saharan Africa and Condra has expanded crane maintenance training and remote diagnostics for customer technicians.
Mining Updates
Pakistan has pledged extra security for its largest operating Chinese-run copper and gold mine after the operator warned that worsening militant violence could force it to halt production within a...
Peru's President-elect Keiko Fujimori could face new protests in mining areas as her government tries to spearhead large copper and other mining projects that have been delayed for years, according...
Ghana's cabinet has approved amendments to its mining law for submission to parliament, Mines Minister Emmanuel Armah-Kofi Buah said on Wednesday, as part of government efforts to increase...
Trafigura has walked away from a proposed 2 000 MW transmission line that would have carried surplus hydropower from Angola to copper and cobalt mines in the Democratic Republic of Congo and...
Diversified resources group Exxaro Resources has, through its wholly-owned renewable energy business Cennergi, celebrated the commercial operations date (COD) milestone of the Lephalale solar...
First Quantum Minerals is in talks to sell a stake in one of the world’s biggest undeveloped copper projects as rival miners and strategic investors rush to boost exposure to the metal. First...
(Virtual Showroom) As the mining industry embraces new technologies, evolving operational practices and increasingly complex projects, the skills required of young professionals are changing. While...
Malawi Mining Minister Thoko Tembo has noted the importance of responsible mine development that balances economic opportunity with sound environmental management and long-term benefits for...
Australian company Kinetiko is taking a two-step permitting process to accelerate gas production at its South African Brakfontein project ahead of a looming national gas shortage, the company's...
Jozi Power Limited rents out, operates and maintains a fleet of containerised 1MW and 2MW diesel generator sets to African mines and other large consumers for short to medium term periods.
Specialised, turnkey engineering and management services provider the United Mining Services Group (UMS Group) provides expertise that allows mining companies to access their most challenging ore...
The Badirammogo Water User Association (BWUA) on Tuesday said that it has passed a significant financing milestone for one of South Africa’s largest water infrastructure programmes. Stage 1 of the...
Boilers may operate out of sight, but they are closely tied to the cost of keeping an industrial site running. When heat transfer is compromised or water chemistry is poorly controlled, fuel use...
Toronto- and Johannesburg-listed Eastern Platinum (Eastplats) has appointed David Li CFO and corporate secretary. With more than 20 years of global executive experience in the mining and...
LIMA - Peru's copper production, the world's third-largest, rose 2.3% year-on-year in May to about 226 096 tons, the country's energy and mines ministry said on Tuesday. In the first five months...
The board of directors of Brazilian miner Vale elected member Wilfred Theodoor Bruijn as a temporary chairperson, the company said on Tuesday. Bruijn will stay in the role until a shareholders...
Chilean miner Antofagasta said on Wednesday its copper output fell 9.5% in the first half to 285 000 tons owing to lower production at two key mines, but affirmed its yearly forecast as it expects...
Diversified miner Rio Tinto posted better-than-expected second-quarter iron-ore sales on Wednesday, supported by strong operational performance, though it will need a stronger second half to meet...
Mineral exploration company Lithium Africa has proposed the nomination of John Kanellitsas and Ernie Ortiz as directors, ahead of the company’s upcoming AGM to be held on August 21. The company has...
JSE- and LSE-listed mining, metals and innovation company Tharisa remains on track to meet its full-year production guidance, while development of its Tharisa underground project, in South Africa,...
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