SA mining baffled as Godongwana fails to address energy tariffs
SOUTH Africa’s Minerals Council said Government’s budget statement on Wednesday was a missed opportunity to address the energy crisis facing the mining sector. “The mining…
Aussie gold miner doubles down in Burkina Faso
IT’S a busy time for Perth-based West African Resources which recently registered first production from Kiaka, a gold mine in Burkina Faso. This is the second operation for the…
Central banks plan record gold purchases amid dollar concerns
CENTRAL banks expect to maintain record-breaking gold purchasing patterns this year whilst anticipating a decline in US dollar holdings over the next five years, according to new…
Uganda is the latest African nation to target gold purchases
UGANDA is the latest African nation to turn to gold to back up its currency after it set out plans for domestic purchases of the precious metal, said Bloomberg News. By buying…
Blyvoor Gold announces plans to list on Nasdaq
PRIVATELY-owned Aurous is to list South Africa’s Blyvooruitzicht (Blyvoor) mine on Nasdaq, announcing on Monday the mine’s acquisition by blank cheque company Rigel Resource…
Gold Fields orders review of Salares Norte amid new delays
GOLD Fields has announced a review of its Salares Norte project in Chile amid a fresh round of production revisions. The Johannesburg-headquartered firm said on Thursday first…
Blyvoor Gold valued by US-listed takeover partner at $425m
RIGEL Resource Acquisition Corporation, a New York-listed ‘blank-check’ company was in talks to combine with South African gold miner Blyvooruitzicht Gold Mining (Blyvoor Gold),…
Blyvoor Gold says underground protest over after declared illegal
BLYVOOR Gold said today an underground sit-in at its mine by “a minority of employees” had ended after the Labour Court declared the protest illegal. “Blyvoor management is…
Petra sales fall as diamond market continues to falter
PETRA Diamonds continued to suffer the effects of declining market prices reporting second tender sales of $40.9m – 49% lower than the first tender sales of its 2024 financial…
Mantashe sets new deadline for SA’s long-delayed cadastre
THE winning bidder to provide South Africa with a long-awaited mining cadastral system will be announced before the end of October – if all goes according to plan, said Gwede…
De Beers suspends online tenders as diamond sales fall to $200m
DE BEERS will suspend online rough diamond sales and plough $20m into marketing gems ahead of the critical year-end buying season. The Anglo American-controlled firm also said it…
From community relations to dust control, AI is set to transform mining
THE intelligence may be artificial, but the effects will be real. AI is set to take the mining sector by storm, with huge gains for safety, productivity, and innovation seen on…
Portia Derby bows to critics announcing resignation from Transnet
TRANSNET’S Portia Derby has bowed to nearly a year of pressure announcing today her resignation from the state-owned ports and rail company, effective October 31. Nonkululeko…
The perils ahead for SA’s mining sector as national election looms
BUSINESS in general, including the mining industry, faces a period of uncertainty ahead of the 2024 national and provincial elections, which could usher in a transformation of…
Commissioning delay pushes out first gold from Gold Fields Salares Norte to end-2023
First gold from Gold Fields’ Salares Norte mine under construction in Chile will be delayed to the end of Q4, rather than the beginning of the quarter as previously announced.…
Amplats appoints finance director Craig Miller as new CEO
ANGLO American Platinum (Amplats) today announced that its finance director Craig Miller would take over running of the company from outgoing CEO, Natascha Viljoen. The…
South32 lifts SA manganese sales as truck, rail availability improves
SOUTH32 said there was an improvement in fourth quarter sales from South Africa with volumes increasing on road and rail despite persistent challenges at Transnet, the country’s…
Lucapa CEO Stephen Wetherall to step down after diamond firm clears debt
STEPHEN Wetherall, MD and CEO of Lucapa Diamond Company since 2014, is to step down at the end of July, the firm announced today. Nick Selby, who was appointed executive director…
Botswana says new diamond sales deal agreed with De Beers
THE government of Botswana announced on July 1 it had reached an in-principle agreement with De Beers on a new 10-year rough diamonds sales deal. The agreement covers diamonds…
Johannesburg’s born again miner Blyvoor Gold may seek listing
BLYVOOR Gold, the company that bought the 81-year old Blyvooruitzicht gold mine out of liquidation, is considering listing the company, its executive chairperson said. “We have…