Deteriorating Eskom extends load shedding
Eskom informs the public that the implementation of Stage 2 loadshedding will continue until 05:00 on Wednesday as the generation
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Africa
Ivanhoe Mines issues review of mine construction progress
TORONTO, Canada ‒ Ivanhoe Mines has announced its financial results for the year ended December 31, 2020. The highlights include:
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AfriTin quarterly production exceeds expectations
AfriTin Mining has announced that it produced some 300 tonnes of concentrate from its Uis tin mine in Namibia in
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Bauba Resources gets vital cash injection
Bauba Resources, a chrome concentrate producer, has referred to the cautionary announcement released on SENS on 1 March 2021, wherein
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Electricity remains key risk for ferrochrome smelters
Electricity supply and pricing remain key risks for our business and the broader ferro alloy sectors. The electricity tariff increased
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Chinese company to build 2 million ton steel plant in Zimbabwe
HARARE – World’s top producer of nickel and stainless steel Tsingshan Holdings Group’s local unit Afrochine will start construction on
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VAALCO acquires additional interest in Etame Field from Sasol
VAALCO Energy has announced that it has now completed the previously announced acquisition of Sasol Gabon SA’s 27.8% working interest
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Eskom irritates the SA economy again!
JOHANNESBURG – poorly run and debt stricken Eskom says Stage 2 loadshedding will be implemented from today until 23:00 Friday
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Kumba iron ore chairman to retire
Dr Mandla Gantsho intends to retire as Chairman of the board to devote more time to his personal business interests.
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BEE and affirmative action drive corruption in SA
Political economist Moeletsi Mbeki, deputy chair of the South African Institute of International Affairs, believes BEE and affirmative action are
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Royal Bafokeng Platinum achieved record production
Despite the negative impact of the Covid-19 pandemic on Royal Bafokeng Platinum (RBP) operations and the business as a whole,
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Merafe’s strong and ungeared to withstand challenging times ahead
The COVID-19 pandemic has destabilised the global health systems and disrupted economies. This pandemic coupled with an already fragile operating
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McKinsey, Trillian were to grab R10bn from Eskom
The commission of inquiry into state capture has heard that Global consulting company McKinsey & Company, alongside Trillian Capital, wanted
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Tsumeb smelter’s Ausmelt furnace maintenance extends to 40 days
TORONTO – Dundee Precious Metals has updated information on the planned Ausmelt furnace maintenance at the Company’s Tsumeb smelter in
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Alphamin achieves record fourth quarter production
MAURITIUS – Alphamin Resources, a producer of 4% of the world’s mined tin from its high grade operation in the
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Prieska Copper-Zinc Project is officially “shovel-ready”
During the half-year, Orion Minerals continued to progress its portfolio of South African base metal projects, with the main focus
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Eastern Platinum retreatment projects review
Vancouver, British Columbia – Eastern Platinum Limited (Eastplats) has provided the Retreatment Project operations technical summary for 2019 and 2020.
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ARM reports record headline earnings of R5bn for 1H F2021
Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) report records headline earnings of R5 039 million for
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Glencore Alloys explores cogeneration and clean energy projects
Glencore’s ferrochrome business confirmed that it is exploring cogeneration projects at its South African sites, while also giving an indication
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SA economy: Light at the end of tunnel?
The Budget, was it good or bad? Will it give us more economic freedom and prosperity? The good news is
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Endeavour increases 2021 production guidance by 50%
GEORGE TOWN – Endeavour Mining has announce that it has increased its guidance for 2021 to include production from the
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Loulo-Gounkoto gold beats guidance, replaces depleted reserves
Barrick’s Loulo-Gounkoto mine complex delivered production of 680,215 ounces of gold in 2020, exceeding its full year guidance despite Covid-19
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Gemfields restarts its mining operations
Gemfields Group has announced that both its 75% owned Kagem Mining Limited (Kagem) emerald mine and 75% owned Montepuez Ruby
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Angola continues producing monster diamonds
PERTH, Australia – Lucapa Diamond Company and its partners Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas have
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Minerals Council: Govt sends positive signal for growth and competitiveness
JOHANNESBURG – In presenting a plan for stabilising government debt at 88.9% of Gross Domestic Product (GDP) in four years’
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PPC restructures and refinances its projects
SANDTON – PPC is undertaking a restructuring and refinancing project with the objective of implementing a sustainable capital structure and
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Gold Fields gets approval for South Deep solar plant
Johannesburg – Gold Fields says it welcomes the electricity generation licence approved today by the National Energy Regulator of South
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Kibali Continues to Shine through its leading-edge technology
The Barrick-operated Kibali Joint Venture in the DRC produced 808,134 ounces of gold in 2020, achieving the top-end of production
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Merafe Resources reduces its losses by almost 86%
Sandton – Because the JSE listings requirements, issuers are required to publish a trading statement as soon as they are
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Implats PGM production increases by 29%, profit triples
Implats delivered stellar results for its half year ended 31 December 2020 despite the challenges presented by navigating Covid-19. An
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