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Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis  – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post the coronavirus, South Africa would... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge

By: Martin Creamer     28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... 

Bauba turns a profit in 2019

By: Marleny Arnoldi     27th March 2020 Diversified mining and exploration company Bauba Resources managed to narrow its basic loss a share to 0.01c apiece in the year ended December 31, 2019, compared with a basic loss a share of 2.55c apiece in the year ended December 31, 2018. The company’s total comprehensive profit for the year... 

Petra Diamonds suspends guidance, scales down operations

By: Marleny Arnoldi     27th March 2020 London-listed Petra Diamonds has, in accordance with what the Department of Minerals Resources and Energy expects from miners during South Africa’s 21-day lockdown period, scaled down its operations. The diamond miner advised on March 27 that it had scaled down operations to operate at a... 

Exxaro applies to continue supplying coal to Eskom

By: Marleny Arnoldi     27th March 2020 JSE-listed coal miner Exxaro Resources has started implementing its Crisis Management Plan and Business Continuity Plan across the breadth of its business, which includes health and safety controls and preventive measures to curb the spread of Covid-19. This while the company motivated to the... 

Transnet scales back to only essential services, operations

By: Simone Liedtke     27th March 2020 In line with government’s implementation of a three-week lockdown of the country to reduce the spread of the Covid-19 virus, State-owned entity Transnet will be scaling down its transportation services and operations of non-essential cargo during this period. After consultation with various... 

Centerra reports better-than-expected production from its two flagship mines

By: Marleny Arnoldi     27th March 2020 TSX-listed Centerra Gold reported a strong operating performance from its two mines in 2019, exceeding the company’s consolidated gold production and cost guidance. The Kumtor and Mount Milligan mines, in Kyrgyzstan and Canada's British Columbia, respectively, together produced about 783 300 oz... 

Eskom postpones ‘philosophy maintenance’ as it shuts units in response to drop in demand 

By: Terence Creamer     27th March 2020 State-owned electricity producer Eskom has reported that demand dropped by more than 6 000 MW on the afternoon of March 26 as businesses shut in anticipation of the start of the nationwide Covid-19 lockdown. The utility also indicated that a further reduction in demand was anticipated for the... 

Lotus adds to Kayelekera resource

By: Esmarie Iannucci     26th March 2020 ASX-listed Lotus Resources has reported a 31% increase in the mineral resource at the Kayelekera uranium project, in Malawi. The company said that the resource increase was driven by the identification and inclusion of a previously unmodelled high-grade basal arkose unit beneath the pit, and the... 

SA manufacturing sector has small window to safeguard itself against Covid-19

By: African News Agency      25th March 2020 While the containment of the coronavirus (Covid-19) remains the biggest priority of governments and health organisations, its effects on businesses are starting to take their toll, a South African based management consulting firm says. Principal at Kearney, Sujeet Morar, says as cities start to... 

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