R/€ = 19.62 Change: 0.02
R/$ = 17.63 Change: -0.01
Au 1626.15 $/oz Change: 4.67
Pt 741.50 $/oz Change: -6.05


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... 

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... 

Tshipi closure to cost R25m

By: Esmarie Iannucci     27th March 2020 ASX-listed Jupiter Mines has placed its Tshipi Borwa manganese mine, in South Africa, on lockdown, while suspending manganese ore exports for a three week period, ending on April 16. The lockdown forms part of the South African government’s 21-day nation-wide lockdown to contain the spread of... 

SAA to suspend all domestic flights from Friday as SA goes into lockdown

By: African News Agency      25th March 2020 National carrier South African Airways said it would suspend all its domestic flights from Friday until April 16 in compliance with a 21-day government lockdown announced by President   to curb the spread of Covid-19. It said it would provide support to passengers intending to change their travel... 

Several Canadian exploration projects ramp down to help 'flatten the curve'

By: Mariaan Webb     19th March 2020 Exploration activities at several Canadian project sites are winding down, as companies respond to the global coronavirus pandemic and do their part to help “flatten the curve” of the fast-spreading virus. With efforts to completely contain Covid-19, which has infected more than 200 000 people... 

Corobrik’s face bricks used to create homes in Roodepoort’s Princess Plots Informal Settlement

17th March 2020 The first phase of the Princess Plots Informal Settlement Upgrade Project has seen 281 homes handed over to residents in this Roodepoort-based settlement, with the construction incorporating Corobrik’s dynamic Fynbos Geel and Fynbos Rooi clay face bricks. The project, which got underway in 2014,... 

SCA denies CTF appeal to have renewables agreements set aside

By: Marleny Arnoldi     13th March 2020 The South African Wind Energy Association (SAWEA) has welcomed a judgment by the Supreme Court of Appeal (SCA) dismissing a case brought by the Coal Transporters Forum (CTF) to set aside power purchase agreements (PPAs) with certain preferred bidders. CTF had argued that the court should... 

Iamgold to explore further at Senegal earn-in project

By: Marleny Arnoldi     12th March 2020 NYSE-listed Iamgold has indicated that it will shortly start a third year of exploration at the Senala project, in Senegal, which it has been jointly exploring with Aim-listed Oriole Resources. Iamgold has the option to spend up to $8-million to earn a 70% interest in the project.  

Transnet bemoans cable theft at Pretoria Complex, rolls out diesel locos 

By: Marleny Arnoldi     12th March 2020 Another incident of overhead cable theft at State-owned Transnet’s Pretoria Complex has further crippled the group’s Transnet Freight Rail (TFR) subsidiary’s ability to deliver goods to customers on time. It said in a release on Wednesday that the Pretoria Complex, which is one of the country’s... 

ASIC lifts stop order on TerraCom/Universal bid

By: Esmarie Iannucci     12th March 2020 The Australian Securities and Investment Commission (ASIC) has revoked an interim stop order in relation to ASX-listed TerraCom’s bid for South Africa-focused coal miner Universal Coal. The Australian watchdog at the end of February imposed the stop order, impeding TerraCom’s ability to... 

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