R/€ = 20.78 Change: 0.01
R/$ = 17.63 Change: 0.00
Au 2034.39 $/oz Change: -26.52
Pt 959.98 $/oz Change: -12.59


Russian Arctic peoples appeal to Elon Musk for Nornickel boycott

By: Bloomberg     7th August 2020 A group of indigenous people in Russia are asking Tesla’s Elon Musk to stop buying supplies from miner MMC Norilsk Nickel until the company compensates them for environmental damage to their ancestral lands. “The lands of indigenous people appropriated by the company for industrial production... 

Middle East, Africa mining deal activity increases in second quarter

By: Tasneem Bulbulia     7th August 2020 Overall deal activity in the Middle East and African metals and mining industry increased by 16.7% in the second quarter, data and analytics company GlobalData’s deals database shows. Twenty-eight deals worth $1.44-billion were announced for the region during the quarter, against the last... 

South Africa’s women nuclear professionals elect new president

By: Rebecca Campbell     7th August 2020 Local sectoral professional organisation Women in Nuclear South Africa (Winsa) announced on Friday the election of its new president. She is radiation protection professional Tebogo Motlhabane, a scientist with the National Radioactive Waste Disposal Institute (NRWDI). She replaces Nomathemba... 

New World raises cash for US copper

By: Esmarie Iannucci     7th August 2020 Junior New World Resources has received firm commitments to raise A$3.5-million to fund resource and development studies at its Antler copper project, in Arizona. The company will issue 129.6-million shares at a price of 2.7c each under its existing placement capacity, with the issue price... 

Glencore holds back on dividend, accelerates net debt reduction 

By: Martin Creamer     6th August 2020 Notwithstanding its cash-generative business and secure liquidity positions, the board of Glencore has concluded that it would be inappropriate to make a distribution to shareholders in 2020, Glencore CEO Ivan Glasenberg said on Thursday. Instead the London- and Johannesburg-listed diversified... 

Smaller Etango a go for Bannerman

By: Esmarie Iannucci     5th August 2020 A scoping study for the eight-million-tonne-a-year Etango uranium project, in Namibia, has shown that the project would have a mine life of some 14 years. Owner Bannerman Resources on Wednesday reported that the scoping study estimated a life-of-mine production of 51.5-million pounds of uranium... 

Sasol sets sights on large-scale renewables procurement as it pulls trigger on embedded generation projects 

By: Terence Creamer     4th August 2020 Chemicals and energy group Sasol intends issuing, during its current financial year, a request for proposals (RFP) for wind and solar projects with a combined capacity of between 200 MW and 300 MW having received a strong response to a market-testing request for information (RFI) issued in May.... 

UIF will continue to process new claims

By: Sane Dhlamini     4th August 2020 The Department of Employment and Labour together with the  National Economic Development and Labour Council social partners have announced that the Unemployment Insurance Fund will continue processing new claims for April and May until a cut-off date is announced.  A 14-day notice window will be... 

WA invests in exploration

By: Esmarie Iannucci     4th August 2020 The Western Australian state government on Wednesday announced A$8.2-million in funding for resource exploration in the state, to help drive economic recovery post Covid-19. An additional A$5-million will be made available to the Exploration and Incentive Scheme (EIS) and A$3.2-million for a new... 

Rio strikes exploration deal with Sipa

By: Esmarie Iannucci     3rd August 2020 Gold and base metals explorer Sipa Resources has inked a A$12-million farm-in agreement with the exploration arm of major Rio Tinto over its Paterson North copper/gold project, in Western Australia. Under the terms of the farm-in and joint venture (JV) agreement, Rio will commit a minimum... 

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