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On-The-Air (15/02/2019) 

By: Martin Creamer     15th February 2019 African countries are streaking ahead of South Africa on the mining automation front; mining companies are opting for solar power because it is cheaper than Eskom power; and only black-owned companies will be allowed to buy the seven mining operations that are up for sale in Mpumalanga.... 

The world still doesn’t have enough places to plug in cars

By: Bloomberg     15th February 2019 Even in the biggest electric vehicle markets, a driver venturing too far from home can have a hard time finding a place to recharge. Try your luck on California’s Pacific Coast Highway. The roughly 600-mile route between San Diego and San Francisco has dramatic sea cliffs, off-the-grid retreats,... 

Tin use in batteries may rise to 60 000 t by 2030 – industry group

By: Reuters     15th February 2019 Tin could see a surge of new demand from lithium-ion batteries for electric vehicles and energy storage of up to 60 000 t a year by 2030, the International Tin Association (ITA) said on Thursday. Investors have been excited about the prospects for increased consumption of other metals, such as... 

The UK signs trade continuity agreement with five African countries as Brexit nears

By: Rebecca Campbell     15th February 2019 At the end of last month the UK signed a trade continuity agreement with countries from Eastern and Southern Africa. The countries concerned are the Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe. These countries had, in 2009, signed an Economic Partnership Agreement (EPA) with the... 

Vast Resources set to mine Zimbabwe diamond territory – Minister

By: Reuters     14th February 2019 London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia's Alrosa. Zimbabwe is stepping up efforts to exploit its mineral resources to revive a moribund economy sapped by high... 

Growsmart enters its tenth year of boosting the education performance of primary school children

14th February 2019 The prestigious Growsmart literacy competition, a leading education initiative by Growthpoint Properties in collaboration with the Western Cape Department of Education (WCED), has kicked-off its tenth year. The annual programme is focused on elevating the literacy, story writing, numeracy,... 

Famed Cullinan mine banks on big diamonds to drive down debt

By: Reuters     14th February 2019 The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand. Petra Diamonds bought Cullinan in 2008, aiming to breathe new life... 

Palladium supply shortfall will worsen this year – Johnson Matthey

By: Reuters     13th February 2019 A deficit in the palladium market that has driven prices of the autocatalyst metal to record highs will widen dramatically this year, specialist materials company Johnson Matthey said in a report on Wednesday. The company, a leading autocatalyst manufacturer, said the shortfall in the roughly... 

Hochschild to suspend ops at Peru mine

By: Creamer Media Reporter      13th February 2019 London-listed Hochschild Mining said on Wednesday that it would suspend operations at its first mining operation, Arcata, and place the mine in care-and-maintenance in the second quarter. The company said that the low silver price had left it with no option, but to suspend operation. 

Cobalt's price crash bottoming out, stocks to hinder quick rally

By: Reuters     12th February 2019 Cobalt's near year-long price slide is finally coming to an end, but high inventories of the battery metal will stop prices quickly re-claiming 2018's 10-year highs. London Metal Exchange prices have crashed to two-year lows of $32 000/t compared with levels near $100 000 in the first half of 2018. 

Vale disaster could see Brazil’s iron-ore competitive edge slip away

By: Mariaan Webb     12th February 2019 The January 25 Brumadinho dam disaster is expected to knock Brazil’s competitiveness in the global iron-ore market and will elicit a supply response from mines in China, as well as new projects that could be brought on line in the next few years. This is according to analysts at London-based... 

Polymetal approves $431m POX-2 project

By: Mariaan Webb     11th February 2019 Russian gold miner Polymetal on Monday announced the approval of the POX-2 project and authorised the immediate start of construction, with the aim of commissioning the plant by the third quarter of 2023. The company’s second pressure oxidisation facility is immediately adjacent to the current... 

On-The-Air (08/02/2019) 

By: Martin Creamer     8th February 2019 The Mining Indaba has become a budding United Nations of Africa that is singing off the same hymn sheet to build a better continent. De Beers stole the Mining Indaba show by announcing a R30-million investment in diamond exploration in South Africa. Gold mining companies that destroy Africa’s... 

Shares in Russia's Rusal jump 12% on upbeat aluminium demand outlook

By: Reuters     8th February 2019 Russian aluminium giant Rusal expects demand for aluminium to grow in 2019 and sees potential for prices to rise, it said on Friday, sending its Hong Kong-listed shares up 12% to a 10-month high. Shares in Rusal, the world's largest aluminium producer outside China, hit their highest since April... 

DBSA wins global award for renewable energy project financing 

By: Simone Liedtke     8th February 2019 The Development Bank of Southern Africa (DBSA) has won the African Renewable Energy Programme Award. The award was presented to the DBSA, in London, in the UK, by Project Finance International (PFI), an institution that organises the global awards. 

Fourteen NGOs oppose LME plans to ban tainted cobalt

By: Reuters     7th February 2019 Fourteen nongovernmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed. Cobalt is a key ingredient in the batteries that power electric vehicles, a... 

Precious metal refiners face new LBMA environmental standard  

By: Martin Creamer     7th February 2019 The London Bullion Market Association (LBMA) has launched a new standard that addresses environmental as well as sustainability issues in gold and silver markets. To do that in a credible way, LBMA has been actively engaging with mining companies and producer nations. 

The 3D Design Trends to Dominate in 2019

6th February 2019 3D modelling is one of the fastest growing design trends – set to exponentially increase over the next few years. The multitude uses for 3D designs and models seem to increase every year, and it is becoming essential for those across various sectors to know how to access the most creative designs... 

Bushveld Minerals hopes to list in Johannesburg by Q3

By: Reuters     6th February 2019 London-listed Bushveld Minerals , which has vanadium mines in South Africa, said on Tuesday it planned a to list on the Johannesburg Stock Exchange by the third quarter of this year. Bushveld Minerals, which has vanadium operations in South African and coal operations in Madagascar, said the... 

UK and five African countries sign agreement to ensure trade continuity after Brexit

By: Rebecca Campbell     5th February 2019 At the end of last month the UK signed a trade continuity agreement with countries from Eastern and Southern Africa. The countries concerned are the Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe. These countries had, in 2009, signed an Economic Partnership Agreement (EPA) with the... 

India's Vedanta sinks 20% to 2-1/2-year low

By: Reuters     1st February 2019 Shares of India’s Vedanta slumped to a two-and-a-half-year low on Friday after analysts expressed concerns over an investment by the parent company of the conglomerate in African miner Anglo American. Vedanta said on Thursday its foreign unit Cairn India Holdings had paid $200-million to buy a... 

Polymetal to shun M&A in 2019, focus on asset sales

By: Reuters     1st February 2019 Russian gold and silver producer Polymetal said on Thursday it will focus on asset sales in 2019 rather than getting involved in industry consolidation. "The pressure from at least some of our shareholders has been to grow smaller or to grow more focused to reduce the number of assets in our... 

Wicus Pretorius

By: Martin Zhuwakinyu     1st February 2019 This week we profile Wicus Pretoria, CEO of Wictra Holdings, a repairer, refurbisher and builder of railway rolling stock in Johannesburg, Pretoria, Cape Town, Durban and East London   

SA passport among Africa’s ‘strongest’

By: Martin Zhuwakinyu     1st February 2019 A couple of weeks back, I mentioned in this couple that the African Union will this month be providing details of its plans to launch a pan-African passport as part of its efforts to improve the free movement of people on the continent. The benefits of such a move will be immense; they will... 

Research shows West Africa is facing more frequent severe storms

By: Rebecca Campbell     1st February 2019 A multinational research consortium of British, French and West African institutes and scientists, funded by the UK Government, has ascertained that “mega storms” in West Africa occur three times more frequently today than they did 35 years ago. The results of the research are being applied to... 

Record output drives revenue at Russia's Polymetal up 11% in Q4

By: Reuters     31st January 2019 Russian gold and silver producer Polymetal reported on Thursday an 11% rise in fourth quarter revenue, compared to a year earlier, on record high production following a full ramp-up at its mine in Kazakhstan. The London-listed firm, part-owned by businessman Alexander Nesis, launched the Kyzyl... 

PGM-using patents abound – CPM  

By: Martin Creamer     31st January 2019 Viable patents that involve the use of platinum group metals (PGMs) should be commercialised so that PGMs become less dependent on the automotive market, says CPM Group MD and founder Jeffrey Christian. CPM’s current projections, which are similar to those in the automotive and electricity supply... 

King Shaka airport, Dube cargo terminal report growing international use

By: Schalk Burger     31st January 2019 The King Shaka International Airport and the Dube TradePort Cargo Terminal, in La Mercy, in KwaZulu-Natal, have recorded growth in international flights and airfreight volumes over the past year, Dube TradePort Corporation CEO Hamish Erskine said in a statement on Thursday. The Cargo Terminal... 

JOGMEC establishes Johannesburg Office as a base for natural resource development in Africa

30th January 2019 The Japan Oil, Gas and Metals National Corporation (JOGMEC) will be setting up an office in Johannesburg, South Africa on February 1, 2019, bringing the number of international JOGMEC offices to 14. “Recognising the immense potential which Africa has in supplying the world with natural resources,... 

Kapan boosts Chaarat’s forecast output to 65Moz

By: Creamer Media Reporter      30th January 2019 London-listed Chaarat has completed the $55-million acquisition of Kapan Mining and Processing from fellow-listed Polymetal International. Of the total consideration of $55-million, $10-million was settled on completion in convertible loan notes and $5-million was paid as a deposit in November.... 

Sir Gerhard Jacob (Jack) Zunz

By: Creamer Media Reporter      30th January 2019 ‘Working at the frontiers of what was possible’, is how the late and revered engineer, Sir Jack Zunz, reflected upon the experience of leading the engineering design of Sydney Opera House. The building was a defining project of a career that spanned forty years, a career which saw Zunz travel the... 

Palladium theft rampant – FT 

By: Martin Creamer     29th January 2019 Palladium, used in catalytic converters that reduce harmful petrol vehicle emissions, is catalysing a crime wave in the UK, says the Financial Times (FT) of London. “Thieves are stealing catalytic converters – often in broad daylight – and selling the devices to illegal scrap dealers for cash,”... 

West Kytlim mining contract agreed for 2019 season

By: Tasneem Bulbulia     28th January 2019 London-listed precious metals producer Eurasia Mining on Monday announced that it had hired Uralmetmash, formerly Techstroy, for the 2019 mining season at the West Kytlim platinum, palladium, rhodium, iridium and gold mine, in Russia. Techstroy was the contractor employed at the West Kytlim mine... 

Jangada doubles Jorc resource at Pedra Branca

By: Simone Liedtke     28th January 2019 The share price of Jangada Mines rose sharply on Monday morning, after the company announced an upgrade of 117% to its 2012 Joint-Ore Reserves Committee- (Jorc-) compliant resource, which, in turn, meant a substantial increase in the size and categorisation of the resource at the company’s Pedra... 

Kamva Lengisi tops Engen Maths and Science School’s Cala class

28th January 2019 The personal success of Kamva Lengisi, the top matric at the Engen Maths and Science School (EMSS) in Cala in the rural Eastern Cape, will be South Africa’s gain, as he plans to attend Nelson Mandela University this year to chase his dream of becoming an engineer. Kamva, 17, who attended Cala... 

Trump lifts Rusal, EN+ sanctions as Glencore shuffles stake

By: Bloomberg     28th January 2019 The US Treasury Department lifted sanctions on three firms tied to Russian tycoon Oleg Deripaska, including United Co. Rusal, a move that will provide relief to the global aluminum market. The metal fell in London. Deripaska, an ally of Russian leader Vladimir Putin, will remain under US... 

Second Vale dam burst in Brazil likely to curb mining risk appetite

By: Reuters     28th January 2019 Mining company Vale's second dam disaster in Brazil in less than four years deals a blow to an industry grappling with investor wariness and a poor image and casts doubt on new President Jair Bolsonaro's vow to reduce government regulation. Brazilian rescue workers on Saturday were searching for... 

Premier signs financing agreements for $68m

By: Tasneem Bulbulia     25th January 2019 Canadian precious metals miner Premier Gold Mines has signed a definitive credit agreement with Investec Bank, as administrative agent for the lenders for a $50-million secured revolving term credit facility, the company announced on Friday. Premier also announced financing arrangements with OMF... 

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