R/€ = 19.34 Change: 0.14
R/$ = 17.37 Change: 0.17
Au 1743.60 $/oz Change: 4.29
Pt 837.32 $/oz Change: -0.18


Hummingbird joins World Gold Council, adopts responsible mining principles

By: Simone Liedtke     Updated 6 hours ago Aim-listed Hummingbird Resources has joined the World Gold Council, a market development organisation for the gold industry, and will, as a result, adopt the council’s Responsible Gold Mining Principles. Hummingbird CEO Dan Betts says the principles underpin the miner’s commitment as a... 

Gold M&A back on the agenda as coronavirus restrictions ease

By: Reuters     1st June 2020 A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said. Deals this year have been hobbled by lockdown measures to... 

Minister urges mines to test without fear of mine closure 

By: Martin Creamer     29th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of... 

From field hospitals to ventilator prototypes, South Africa's state of readiness for Level 3 outlined 

By: Terence Creamer     29th May 2020 Cabinet’s economic cluster sought to offer assurances on Friday that significant preparations had been made to facilitate a safe transition to a Level 3 lockdown from June 1, which opens the way for the return to work of eight-million more people. The easing of the lockdown is expected to... 

Mining industry well prepared to tackle Covid-19 with new, existing protocols 

By: Donna Slater     29th May 2020 The South African mining industry is, generally, well prepared to deal with the return to work of a large percentage of staff as lockdown Alert Levels move from Level 4 to Level 3 on June 1, reports the Minerals Council South Africa. The council noted in its second weekly Covid-19 update... 

Sadpo suggests diamond stocks be held back until market improves

By: Marleny Arnoldi     29th May 2020 In its latest newsletter, the South African Diamond Producers Organisation (Sadpo) has advised that diamond producers hold back on production and sales, as the rough diamond market remains under immense pressure. Sadpo says the rough diamond market, particularly for larger diamonds, has... 

PEA illustrates viability of Kiena restart in Val d’Or

By: Creamer Media Reporter      28th May 2020 The preliminary economic assessment (PEA) for the Kiena project shows that a restart of the mining complex in Val d’Or, Quebec, is viable in a “very short-term horizon”. The study, released by TSX-listed Wesdome Gold on Wednesday, pointed to an aftertax internal rate of return of 102% and an... 

Vodacom zero rates what3words website

By: Natasha Odendaal     28th May 2020 Telecommunications group Vodacom has zero-rated the emergency location tracker platform ‘what3words’ for its more than 43-million subscribers across South Africa. The what3words technology, available as a mobile application or an online map, has divided the world into a grid of 3m squares, with... 

Reopening economy is critical, but must be done safely – O’Regan

By: Mariaan Webb     28th May 2020 Canadian Natural Resources Minister Seamus O’Regan has stressed the importance of reopening the economy, but says it has to be done safely with consideration for all Canadians, including those in Indigenous and northern communities. “We must work with Indigenous partners to ensure their concerns... 

BHP/Glencore/Teck venture resumes operations after Covid-19 suspension

By: Creamer Media Reporter      28th May 2020 The Antamina copper/zinc mine, in Peru, will resume operations at 80% capacity, 22.5%-owner Teck Resources reported on Wednesday. The mine will gradually ramp up to full production capacity in the third quarter, while adhering to comprehensive Covid-19 protocols. Antamina operated under an... 

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