R/€ = 16.59 Change: 0.03
R/$ = 16.17 Change: 0.03
Au 1802.28 $/oz Change: 14.57
Pt 966.00 $/oz Change: 5.50


Stillwater repositioned for delivery through commodity cycle 

By: Martin Creamer     12th August 2022 Prevailing macro-environment challenges and changing palladium market conditions have prompted a strategic revision of Sibanye-Stillwater’s United States platinum group metal (PGM) operations, which in June suffered a one-in-200-year flood at Stillwater, in the Montana region. These challenges... 

UK atomic agency selects engineering consortium to help deliver nuclear fusion project

By: Rebecca Campbell     12th August 2022 The UK Atomic Energy Authority (UKAEA), which is that country’s agency for the development of nuclear fusion power, has selected a consortium, led by design, engineering and project management consultancy Atkins (part of Canada’s multinational SNC-Lavalin group) as prime contractor, to be its... 

Argonaut Gold income falls, costs rise

By: Mariaan Webb     12th August 2022 Canadian miner Argonaut Gold has reported a 68% year-on-year drop in second-quarter adjusted income, with adjusted earnings a share down 73% to $0.02 each. The miner’s production fell to 59 192 gold-equivalent ounces (GEOs), from 63 750 GEOs, while cash costs rose to $1 474/oz, from $876/oz and... 

BBE Projects nearing delivery of Venetia underground cooling system

By: Donna Slater     10th August 2022 Project delivery company BBE Projects is in the final stages of completing its delivery of a turnkey air-cooling system for diamond miner De Beer’s Venetia diamond mine, in Limpopo, which is currently approaching the final stages of its transition from openpit to underground mining. BBE Group,... 

Centrex looks at increasing Ardmore capacity

By: Esmarie Iannucci     9th August 2022 ASX-listed Centrex on Tuesday announced it was looking at ways to increase production at its Ardmore phosphate rock mine, in Queensland. The company noted that with commercial production now having restarted, Centrex was working towards increasing production to a Stage 1.5, which will be... 

Koeberg nuclear power station steam-generator replacement project, South Africa – update

By: Sheila Barradas     5th August 2022 State-owned power utility Eskom has submitted the safety case in support of its application to extend the operational life of the Koeberg nuclear power station beyond the current licence term. 

Overbudget Côté requires another $1.9bn to complete – Iamgold

By: Mariaan Webb     4th August 2022 Canadian gold miner Iamgold has provided a new cost to completion, economics and life-of-mine (LoM) plan for its overbudget and Côté gold project, in Ontario, stating on Wednesday that the gold mine would require another $1.9-billion to bring into production. Iamgold’s share would be... 

Termination notices sent to Mary River workers

By: Mariaan Webb     3rd August 2022 The International Union of Operating Engineers, Local 793 has urged the Nunavut Impact Review Board (NIRB) and the federal Minister of Northern Affairs to approve Baffinland's request to allow the company to increase production to six-million tonnes at the Mary River mine through to the end of... 

Armorflex for Mamelodi stormwater upgrades

2nd August 2022 Technicrete’s internationally licensed Armorflex Erosion Control System was selected for upgrades to major stormwater systems currently underway in Mamelodi Extensions 4 and 5 north-east of Pretoria. The project, undertaken by Tefla, was awarded by the City of Tshwane Metropolitan Municipality... 

R745-million Eskom fraud case to resume in November after yet another delay

By: News24Wire      2nd August 2022 The case involving former Eskom managers accused of fraud, corruption and money laundering, related to a deal at the Kusile power station, has once again been postponed.  On Tuesday, the power utility's former senior manager France Hlakudi appeared at the Palm Ridge Specialised Crimes Court in... 

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