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Darren Parker

Darren Parker

Darren Parker is a Creamer Media Contributing Editor Online for Engineering News and Mining Weekly.

Transnet problems force Kumba to moderate output

23rd February 2024 Anglo American subsidiary Kumba Iron Ore CE Mpumi Zikalala has reiterated that State-owned Transnet’s rail performance challenges have placed so much pressure on Kumba’s value chain that the company has had to moderate its production rates. Following the completion of the yearly logistics... 

Kamoa-Kakula, Trafigura become first Lobito railway corridor customers

23rd February 2024 The Kamoa-Kakula Copper Complex, in the Democratic Republic of Congo (DRC), and commodities trader Trafigura have both signed a term sheet outlining the key terms for a reserve capacity agreement for transporting mineral products from the mine along the Lobito Atlantic railway corridor, a new... 

Kamoa-Kakula, Trafigura become first Lobito railway corridor customers
Trafigura group executive chairperson and CEO Jeremy Weir, Ivanhoe Mines founder and executive co-chair Robert Friedland, and Lobito Atlantic Railway CEO Francisco Franca

Anglo achieves its best ever safety record, but reiterates commitment to zero harm

22nd February 2024 Mining major Anglo American has achieved its lowest ever total recordable injury frequency rate of 1.78 in 2023, down from 2.19 in 2022, along with the company’s lowest ever monthly rate of 0.91 in December, CEO Duncan Wanblad revealed during the company’s 2023 financial year results presentation... 

Anglo achieves its best ever safety record, but reiterates commitment to zero harm
Anglo American CEO Duncan Wanblad

Anglo to focus on cost cutting following disappointing 2023 performance

22nd February 2024 Mining major Anglo American chairperson Stuart Chambers and CEO Duncan Wanblad have both expressed disappointment with the company’s financial results for 2023, which were released on February 22. Chambers opened the presentation of the company’s results by candidly describing the company’s... 

Anglo to focus on cost cutting following disappointing 2023 performance

Integration of Vale’s Serpentina resource has potential to expand Anglo’s Minas-Rio output

22nd February 2024 Diversified miner Anglo American has agreed to acquire, from Brazilian iron-ore miner Vale, the high-quality Serra da Serpentina iron-ore resource and integrate it into its contiguous Minas-Rio mine. Anglo will continue to control, manage and operate the Minas-Rio operation, including any future... 

Integration of Vale’s Serpentina resource has potential to expand Anglo’s Minas-Rio output
Minas-Rio

Mining tax revenue down by 50.4% y/y

21st February 2024 With various commodity prices taking a nosedive over the past year, windfall tax gains from high commodity prices over the preceding two years have come to an end, resulting in a sharp fall in mining tax revenue, National Treasury has said. In the 2024 Budget Review released on February 21, it... 

Mining tax revenue down by 50.4% y/y

Criminal Asset Recovery Fund, not fiscus, to fund SANDF’s war on illegal mining

21st February 2024 The Portfolio Committee on Defence and Military Veterans has claimed that the deployment of the South African National Defence Force (SANDF) in support of the South African Police Service to counter illegal mining at an estimated cost of R492-million is currently unfunded as of November last... 

Criminal Asset Recovery Fund, not fiscus, to fund SANDF’s war on illegal mining

Amplats restructuring may impact 3 700 jobs after 71% y/y earnings decline

19th February 2024 Despite the “extensive measures” already taken by platinum group metals (PGMs) miner Anglo American Platinum (Amplats) to ensure its survival, the company has announced a proposed restructuring process in terms of Section 189A of the Labour Relations Act. This comes on the back of a 71%... 

Amplats restructuring may impact 3 700 jobs after 71% y/y earnings decline
Photo by Creamer Media's Donna Slater
Amplats CEO Craig Miller

Petra sold $47.8m worth of diamonds in fourth tender

16th February 2024 Diamond producer Petra Diamonds sold 428 900 ct for $47.8-million during its fourth tender cycle of the 2024 financial year. This represents a 4% increase in like-for-like prices compared with the preceding third tender cycle. which closed in December last year. 

Petra sold $47.8m worth of diamonds in fourth tender
Petra Diamonds' Cullinan mine

Can SA mining prevent more hostage dramas in 2024?

16th February 2024 Since October of last year, several unlawful underground protests have raised serious concerns about the potential emergence of a new trend in which frustrated underground mineworkers turn to unlawful sit-ins and hostage-taking as a means of having their demands met. Although the South African... 

Can SA mining prevent more hostage dramas in 2024?
ZIYAAD HASSAM There were fears that sending police or security teams underground would escalate the violence

Metals and engineering employers, trade unions sign landmark relationship agreement

16th February 2024 Employers and trade unions who attended a Metal and Engineering Industries Bargaining Council (MEIBC) meeting on January 31 have signed a landmark process or relationship agreement, paving the way for the start of the 2024 round of wage and conditions of employment negotiations under a set of... 

Metals and engineering employers, trade unions  sign landmark relationship agreement
Seifsa CEO Lucio Trentini

Can SA mining prevent more hostage dramas in 2024?

16th February 2024 Since October of last year, several unlawful underground protests have raised serious concerns about the potential emergence of a new trend in which frustrated underground mineworkers turn to unlawful sit-ins and hostage-taking as a means of having their demands met. Although the South African... 

Can SA mining prevent more hostage dramas in 2024?
ZIYAAD HASSAM There were fears that sending police or security teams underground would escalate the violence

DRDGOLD reports near R1bn operating profit despite 7% production dropoff

14th February 2024 Despite its gold production for the six months to December 31, 2023, having decreased by 7%, owing to a 13% drop in throughput, DRDGOLD managed to return an operating profit of R909.3-million, with cash operating costs of about R2-billion. CEO Niël Pretorius, during the company’s interim... 

DRDGOLD reports near R1bn operating profit despite 7% production dropoff
DRDGOLD CEO Niël Pretorius

DRDGOLD says dust control measures seem to be working

14th February 2024 JSE-listed DRDGOLD has reported that only 0.6% out of 632 dust monitoring sites registered an exceedance in terms of the stipulated regulatory thresholds across its operations. “Because our operations are by and large in the city, the amount of dust that comes with various reclamation and... 

DRDGOLD says dust control measures seem to be working

Bambili close to finishing feasibility study on hydrogen fuel cell power system for Anglo’s head office

13th February 2024 Diversified mining major Anglo American has selected hydrogen energy solutions company Bambili Energy to deploy a 2 MW hydrogen fuel cell power system lighthouse project to provide electricity at its headquarters in Rosebank, Johannesburg, South Africa. Bambili Energy CEO Zanele Mavuso Mbatha... 

Bambili close to finishing feasibility study on hydrogen fuel cell power system for Anglo’s head office

South Africa looks to Japanese collaboration on green hydrogen development

13th February 2024 The Japan External Trade Organisation (Jetro) this week hosted key South African private and public sector delegates and a high-profile Japanese business delegation at a green hydrogen seminar, in Johannesburg, on February 12. This follows the signing of a memorandum of cooperation (MoC) between... 

South Africa looks to Japanese collaboration on green hydrogen development

Premier publishes new mineral resource estimate for Zulu project

9th February 2024 Aim-listed Premier African Minerals has published a new South African Mineral Resource Committee- (Samrec-) compliant mineral resource estimate (MRE) for its wholly-owned Zulu lithium and tantalum project. The new MRE is concerned with those areas of the Zulu tenements that are expected to be... 

Akobo secures NKr6-million bridge loan from shareholders

9th February 2024 Scandinavian gold exploration and mining company Akobo Minerals has secured a NKr6-million bridge loan. As part of the ongoing efforts to secure new funding, the company said on February 9 that it had successfully addressed a short-term liquidity requirement and that the bridge financing of... 

Barrick grows its reserve base for third successive year

9th February 2024 NYSE- and TSX-listed Barrick Gold has reported growth in attributable proven and probable gold mineral reserves by five-million ounces before 2023 depletion, while also striving to maintain the quality of the mineral reserve base. As such, the company’s attributable proven and probable mineral... 

Barrick grows its reserve base for third successive year

Downstream companies implore ArcelorMittal South Africa, govt to avoid long steel plant closures

9th February 2024 The South African downstream steel industry has urgently appealed to both steel producer ArcelorMittal South Africa (AMSA) and the government to find immediate solutions that will allow the continued operation of the three AMSA plants that make up the company’s long steel business in South... 

Downstream companies implore ArcelorMittal  South Africa, govt to avoid long steel plant closures

African Pioneer extends Ongombo prospecting licence, upgrades mineral resource estimate

8th February 2024 London-listed exploration and resource development company African Pioneer has been notified that the exclusive prospecting licence (EPL) 5772, 40 km northeast of Windhoek, Namibia, has been renewed for two years. The licence contains African Pioneer’s 85%-owned Ongombo copper and gold project. 

De Beers’ fourth-quarter rough diamond production down 3% y/y

8th February 2024 Diamond producer De Beers reported on February 8 that its 2023 fourth-quarter rough diamond production had decreased by 3% year-on-year to 7.9-million carats, primarily owing to the planned reduction in South Africa as the Venetia mine transitions to underground operations. This was partly offset... 

De Beers’ fourth-quarter rough diamond production down 3% y/y

Transnet problems force Kumba to moderate output

8th February 2024 Anglo American subsidiary Kumba Iron Ore CE Mpumi Zikalala has reiterated that State-owned Transnet’s rail performance challenges have placed so much pressure on Kumba’s value chain that the company has had to moderate its production rates. Following the completion of the yearly logistics... 

Transnet problems force Kumba to moderate output

Madison reports high-grade uranium discovery at Khan

8th February 2024 Upstream uranium mining and exploration company Madison Metals has discovered a high-grade uranium mineralisation at Anomaly 5, located within the company’s Khan project at Madison West in Namibia’s Erongo uranium province. These findings, which include a surface sample of 8.47% triuranium... 

Madison reports high-grade uranium discovery at Khan
Madison Metals executive chairperson and CEO Duane Parnham

Goldplat’s Ghana business excels while South African op stumbles

7th February 2024 Aim-listed mining services group Goldplat has reported an “exceptional” second quarter at its gold recovery business in Ghana, achieving an operating profit of £1.82-million, up from about £1-million a year prior. In its operational update for the second quarter ended December 31, 2023, Goldplat... 

Goldplat’s Ghana business excels while South African op stumbles

Bora buys into Steenkampskraal as strategic partner

7th February 2024 Mining services company Bora Mining Services (BMS) has acquired a share in the Steenkampskraal monazite mine, in the Western Cape, for an undisclosed sum as a strategic partner.  The partnership has enabled the start of activities to bring the mine into production. BMS is providing the capital,... 

Bora buys into Steenkampskraal as strategic partner
Steenkampskraal mine CEO Graham Soden and BMS owner and CEO Enock Mathebula

Mingomba discovery highlights value of Konkola West by proximity

7th February 2024 Aim-listed Tertiary Minerals has highlighted the promise of its Konkola West copper project, in Zambia, thanks to its close proximity to the Bill Gates and Jeff Bezos-backed KoBold Metals’ Mingomba copper project, which has been in the news over the past few days following the proclamation that... 

Mingomba discovery highlights value of Konkola West by proximity

Kamoa-Kakula, Trafigura become first Lobito railway corridor customers

7th February 2024 The Kamoa-Kakula Copper Complex, in the Democratic Republic of Congo (DRC), and commodities trader Trafigura have both signed a term sheet outlining the key terms for a reserve capacity agreement for transporting mineral products from the mine along the Lobito Atlantic railway corridor, a new... 

Kamoa-Kakula, Trafigura become first Lobito railway corridor customers
Trafigura group executive chairperson and CEO Jeremy Weir, Ivanhoe Mines founder and executive co-chair Robert Friedland, and Lobito Atlantic Railway CEO Francisco Franca

TLT-Turbo appoints new CEO

6th February 2024 Mining, tunnel and industrial fan manufacturer and mechanical vapour recompression (MVR) technology company TLT-Turbo has appointed Gerd Jegodzinski as its new CEO, effective January 4, succeeding former CEO Matthias Adamy. TLT-Turbo provides customised ventilation solutions in underground mines... 

TLT-Turbo appoints new CEO
New TLT-Turbo CEO Gerd Jegodzinski

DRDGold to report higher interim earnings, despite cost increases

6th February 2024 JSE-listed gold mining company DRDGold, which is in the process of finalising its results for the six months ended December 31, expects to report a 5% to 15% year-on-year increase in earnings per share (EPS) and headline earnings per share (HEPS). EPS and HEPS for the interim period are expected... 

DRDGold to report higher interim earnings, despite cost increases

Red Rock hopes to end $10m arbitration in the DRC this week

6th February 2024 Aim-listed Red Rock Resources has reported that closure is imminent with regard to its arbitration over a $10-million claim being pursued in the Democratic Republic of Congo (DRC) over its interest in the VUP copper/cobalt joint venture. On January 24, the company reported that its wholly-owned... 

Energy shortage presents mining industry with opportunities, pivotal choices

6th February 2024 The energy challenges facing mining companies in South Africa have given rise to significant opportunities, strategic management consulting firm Boston Consulting Group partner Rudi van Blerk says. Already, many of these companies have seized these opportunities, capitalising on the unique... 

Energy shortage presents mining industry with opportunities, pivotal choices

New potash processing method set to improve environmental, economic returns – Emmerson

1st February 2024 Aim-listed potash development company Emmerson has said the results of an in-depth scoping study on a new and innovative processing route at its wholly-owned Khemisset potash project, in Morocco, will significantly reduce its environmental impact and enhance its economic returns. The scoping... 

Sylvania reports 10% drop in production owing to December shutdown

31st January 2024 Platinum group metals (PGM) producer and developer Sylvania reported a 10% drop in production for the quarter ended December 31 – the second quarter of its 2024 financial year. The Sylvania Dump Operations (SDO) produced 18 232 oz of platinum, palladium, rhodium and gold (4E) and 23 105 oz of... 

Kwale titanium mine to close at end of year

30th January 2024 African mineral sands producer Base Resources has confirmed that its Kwale titanium mining operation in Kenya will come to an end at the end of the year. In an operational, development and corporate update for the quarter ended December 31, 2023, the company said that, upon completion of an... 

Kwale titanium mine to close at end of year

Glencore allows Falco to use its land for Horne 5

26th January 2024 Base and precious metals exploration and development company Falco Resources has entered into an operating licence and indemnity agreement (OLIA) with diversified miner Glencore Canada, in which Glencore granted Falco a licence to use a portion of its land. Falco will use this licence to develop... 

Merafe’s 2023 chrome production 22% down year-on-year

26th January 2024 Chrome producer Merafe has reported that its attributable ferrochrome production from the Glencore Merafe Chrome Venture in the fourth quarter ended December 31  was 75 000 t, compared with the 97 000 t produced in the fourth quarter of 2022. The lower quarterly production resulted in a 22%... 

Merafe’s 2023 chrome production 22% down year-on-year

Ethiopia’s Tulu Kapi gold project receives lead-lender thumbs up

26th January 2024 Aim-listed Kefi Gold and Copper has received confirmation of conditional final credit committee approval from the lead lender for its “shovel-ready" Ethiopian development project, the high-grade Tulu Kapi gold project.  This follows the analogous approvals from other key syndicate members,... 

Marula commissions Rados XRF ore sorter at Blesberg mine

25th January 2024 AQSE-listed mining and development company Marula Mining has completed the commissioning of a Rados SRF100-8 X-ray fluorescence (XRF) ore sorter at its Blesberg lithium and tantalum mine, in the Northern Cape. The Rados ore sorter is one of the key parts of the company’s plan to expand its ore... 

Marula commissions Rados XRF ore sorter at Blesberg mine
Marula CEO Jason Brewer

Tsodilo applies to have Botswana Minerals and Energy Minister held in contempt of court

24th January 2024 Canadian mineral resources exploration and development company Tsodilo Resources has filed an interlocutory application in the Botswana High Court, calling on Minerals and Energy Minister Lefoko Moagi to explain why he should not to be held in contempt of court owing to his failure to comply with... 

Tsodilo applies to have Botswana Minerals and Energy Minister held in contempt of court

Seriti donates R6.5m worth of vehicles to Emalahleni SAPS

23rd January 2024 Coal mining company Seriti Resources’ Seriti Community Trust has handed over ten new vehicles worth R6.5-million to the South African Police Service (SAPS) in Emalahleni, Mpumalanga. The vehicles are fully branded and furbished with the necessary equipment, such as radios, cameras, sirens, health... 

Seriti donates R6.5m worth of vehicles to Emalahleni SAPS
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