R/€ = 17.06 Change: -0.04
R/$ = 16.91 Change: -0.04
Au 1753.33 $/oz Change: -9.71
Pt 907.50 $/oz Change: -13.00


Pensana appoints Alison Saxby as independent nonexecutive director

By: Tasneem Bulbulia     17th August 2022 London-listed Pensana has appointed Alison Saxby as independent nonexecutive director, with effect from August 17. Saxby is noted to be an industry leading expert with over 35 years of experience in industrial minerals and metals. 

Sibanye-Stillwater signals half-year earnings decline 

By: Martin Creamer     17th August 2022 Precious and future-facing metals mining company Sibanye-Stillwater on Wednesday advised of an upcoming half-year earnings decline in a trading statement and operations update for the six months to June 30. A decline of 47% to 52% is expected in earnings per share and headline earnings per share... 

Women Power: Engen celebrates Wentworth’s Tina Griffiths  

15th August 2022 It’s never too late to reach for the stars…just ask Wentworth local and Engen employee, Tina Griffiths.  A proud mother of three daughters, including a set of twins, and a grandmother of two, Tina recently graduated with a B.Tech degree in Human Resources at the age of 50.  

Production costs soar at Rusal due to Russia-Ukraine conflict

By: Reuters     12th August 2022 Russian aluminium giant Rusal reported a 33% jump in first-half production costs on Friday, hit by a production halt at a refinery in Ukraine and Australia's ban on exports of alumina and bauxite to Russia. The world's largest aluminium producer outside China has been suffering these problems... 

Inflation and supply chain issues affecting Electra's refinery project

By: Mariaan Webb     12th August 2022 The commissioning of Canadian battery metals company Electra’s refinery project has been pushed out to the spring of 2023, following quality control issues experienced by a major supplier. The cost of the project, located north of Toronto, has also risen from the previous estimate of $67-million... 

Austral reports robbery in Chile

By: Esmarie Iannucci     12th August 2022 ASX- and TSX-V listed Austral Gold on Friday reported an armed robbery at its Guanaco-Amancaya mine complex, in Chile. The company told shareholders that a group of armed robbers assaulted the Guanaco-Amancaya mine complex and stole gold precipitate material equivalent to approximately 500 oz of... 

AECI Much Asphalt to pioneer low carbon asphalt production

12th August 2022 South African chemicals group AECI Much Asphalt and carbon negative materials producer Origin Materials have launched a programme to create a novel low-carbon bitumen that is expected to create considerable value in the developing African market. 

Refinery officially reopened

12th August 2022 The Durban South Training Centre, run by the Durban South Training Trust (DSTT), was officially re-opened at new premises with bigger facilities. During the July 2021 civil unrest, DSTT premises were looted and vandalized. Sapref as sole funder of DSTT sourced new premises for the training... 

Jubilee’s Inyoni delivers higher PGMs output, lower costs

By: Marleny Arnoldi     10th August 2022 As diversified metals miner and processor Jubilee Metals works to expand its platinum group metals (PGMs), copper and cobalt operational footprint, the company has reported a sharp increase in PGM production to 21 140 oz for the six months ended June 30 – the first half of the company’s 2023... 

The EV race is turning a gold rush haven into a battery hub

By: Bloomberg     8th August 2022 Gold has long dominated the Western Australian city of Kalgoorlie, born in a late 19th Century prospecting rush and home to one of the world’s largest-open pit mines, nestled right next to residential streets. Blasts to dislodge precious-metal laced rock from the more than two-mile long Super Pit... 

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