R/€ = 20.78 Change: 0.01
R/$ = 17.63 Change: 0.00
Au 2034.39 $/oz Change: -26.52
Pt 959.86 $/oz Change: -12.71


High-flying AngloGold posts colossal free cash surge as it weathers Covid disruption 

By: Martin Creamer     7th August 2020 Gold mining company AngloGold Ashanti on Friday posted a colossal surge in half-year free cash flow generation, most of it coming in the three months to June 30. Free cash flow before growth capital, the metric on which dividends are calculated, rose 376% - or nearly fivefold - to $324-million... 

Impact of Digitalisation on Africa’s Energy Sector in a Post COVID World

By: Creamer Media Reporter      4th August 2020 COVID-19’s negative repercussions on Africa’s economies have highlighted the importance of achieving energy security to be capable of enduring pandemics and realising a post-crisis economic recovery. Clean energy and the innovative technologies that accompany it, represent a critical catalyst for... 

Crop nutrients have double potential of coal being exited – Anglo 

By: Martin Creamer     3rd August 2020 Covid-19 notwithstanding, diversified mining company Anglo American will this year be spending the $300-million that it forecast on the Woodsmith polyhalite project in the UK, which gives it entry into the crop nutrients business at a time when fertilising is being hailed a godsend to ease global... 

Results show Boeing hit hard by both Covid-19 and continued 737 MAX grounding

By: Rebecca Campbell     31st July 2020 Giant US aerospace group Boeing has reported that its revenues for the first half of this year (1H20) were 26% down on those for the same period last year (1H19). In numbers, 1H20 revenues came to $28.72-billion as against $38.67-billion in 1H19. It suffered a net loss of $3.04-billion in 1H20... 

Cops confiscate illegally mined chrome, excavator totalling more than R2m in bust

By: News24Wire      25th July 2020 A Hawks operation has seen police officers seize chrome stockpiles and an excavator totalling more than R2 million in Limpopo, a spokesperson said. The operation at the Modikwa Mine in Burgersfort on Friday was in response to the "ongoing scourge of illegal mining in the province", said Hawks... 

SAPVIA welcomes energy dept's commitment to dealing with energy security challenge

By: Tasneem Bulbulia     24th July 2020 Industry body the South African Photovoltaic Industry Association (SAPVIA) has applauded the “determination put forward by the Minister of Mineral Resources and Energy Gwede Mantashe to mobilise the private sector to address the threats to energy security but cautions that there is no more time... 

US House launches caucus to boost strategic minerals production

By: Reuters     24th July 2020 The US House of Representatives launched a bipartisan caucus on Friday to focus on ways to increase domestic production of specialised minerals used to make missiles, cell phones and other high-tech equipment. The Critical Materials Caucus is the latest effort by officials in Washington to blunt... 

More legal woes loom for Denel as another union takes it to court

By: Rebecca Campbell     24th July 2020 The trade union UASA announced on Friday that it was going to take financially-embattled State-owned defence industrial group Denel to the Labour Court over the non-payment of employee salaries. This followed “months” of talks with Denel “failing to find a solution to the issue” said the union in... 

Cooperation, traceability needed to ensure success of DRC artisanal mining

By: Donna Slater     17th July 2020 The successful integration of a number of artisanal and small-scale mining (ASM) operations in the Democratic Republic of Congo (DRC) has been driven by cooperation with large-scale miners (LSMs), refiners, traders and the embedding of traceability measures, says natural resource transformation... 

Offices expected to remain relevant post Covid-19, but will have to evolve

By: Donna Slater     17th July 2020 While the Covid-19 pandemic has forced the majority of employees to work from home, the relevance of offices and office-bound working will remain post-Covid-19, says real estate role-players. Sesfikile Capital research head Naeem Tilly says offices are critical to employee productivity and... 

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