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Au 2321.96 $/oz Change: 0.00
Pt 996.20 $/oz Change: 0.55
 

Gemstones News

Global gold mining major highlights academic partnership with South Africa’s Fort Hare 

By: Martin Creamer     21st June 2024 The University of Fort Hare, where the offspring of mineworkers were the first graduates, has agreed a R12.5-million, initial ten-year academic partnership with gold mining major AngloGold Ashanti, which no longer mines in this country and is now domiciled in London. Fort Hare is the university... 

Gemfields earns $68.7m in revenue from June ruby auction

By: Tasneem Bulbulia     19th June 2024 London-listed Gemfields Group recorded total auction revenues of $68.7-million from the June auction of mixed-quality rough rubies recovered from the Montepuez ruby mine, in Mozambique. The group reports that 94 of the 97 lots, comprising 217 044 ct, offered for sale in the June auction were sold... 

Rubies produced at the Montepuez mine

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done has not been enough to change... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

URA appoints Bonas Group as sales partner, qualifies as DelGatto client

By: Tasneem Bulbulia     12th June 2024 London-listed URA Holdings has appointed Bonas Group as its sales partner and to market and sell rough emeralds recovered from the company’s Gravelotte emerald mine (GEM) in South Africa. This strategic partnership will leverage Bonas Group’s extensive expertise in the diamond and gemstone... 

An image showing an emerald from URA's Gravelotte mine
An emerald from Gravelotte

Gemfields appoints former De Beers exec Cleaver as chairperson

By: Creamer Media Reporter      11th June 2024 Former CEO and co-chairperson of diamond miner De Beers Bruce Cleaver will join the board of gemstone miner Gemfields as chairperson from July 1. He will succeed Martin Tolcher, who is stepping down. 

Bruce Cleaver
Bruce Cleaver

Long-term unlocking of vast resources potential gaining ground

By: Simone Liedtke     7th June 2024 Mozambique’s mining industry has been a significant driver of economic growth over the past two decades. With vast mineral resources, including heavy sands, coal, magnetite, graphite, lithium, gold and gemstones, the country offers a promising landscape for mining investments, says mining... 

MOZAMBIQUE POTENTIAL
Mozambique continues to attract international interest and aims to bolster its position as a key mining hub in Southern Africa
MOZAMBIQUE POTENTIAL Mozambique continues to attract international interest and aims to bolster its position as a key mining hub in Southern Africa

Mining sector shows significant growth trajectory in Africa – consultancy

7th June 2024 Underscoring Mozambique’s significant mining sector growth is President Filipe Nyuse’s affirmation, through a statement, that Mozambique’s extractive industry amassed revenue exceeding $12.3-billion between 2020 and 2024. This revenue contribution, according to independent mining consultancy Core... 

LARA SMITH
Mozambique’s recent surge in mining activity is largely owing to the discovery of new natural resources
LARA SMITH Mozambique’s recent surge in mining activity is largely owing to the discovery of new natural resources

First call applications for R400m junior mining exploration fund close July 12

By: Martin Creamer     4th June 2024 The first call applications for the R400-million junior mining exploration fund (JMEF) close on July 12. This was stated on Tuesday in a media release issued by the Department of Mineral Resources and Energy (DMRE), in partnership with the Council for Geoscience (CGS) and the Industrial... 

Need for quick exploration activity.
Unless exploration increases fast, the vital mining economy will shrink.

Gemfields earns $35m from May auction of higher-quality emeralds

By: Tasneem Bulbulia     31st May 2024 Miner and coloured gemstones marketer Gemfields Group earned total revenue of $35-million from an auction of higher-quality rough emeralds held from May 13 to 30. The rough emeralds sold were extracted by Kagem, which is 75%-owned by Gemfields and 25% by the Industrial Development Corporation of... 

An image showing a gemstone from Gemfields
Gemfields earned $35-million from an auction held from May 13 to 30

Massive water power possibilities in underground mining, says COMRO book editor   

By: Martin Creamer     24th May 2024 When hydropower was being developed for South Africa’s gold-mining industry, the industry was going through a tough time and the research organisation of the day, the Chamber of Mines Research Organisation or COMRO, ceased to function in the form that it had for 30-odd years. Had COMRO continued... 

COMRO book editor Brian Protheroe (right) and Mining Weekly's Martin Creamer (left).
COMRO’S Legacy editor Brian Protheroe interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Latest cadastre agreement excites South Africa’s Junior Indaba panel  

By: Martin Creamer     21st May 2024 There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration... 

Opening Junior Indaba panel (from left) Lili Nupen, Tseliso Maqubela, Errol Smart, Mosa Mabuza, Bernard Swanepoel.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Minerals Council, Geoscience, IDC going all out to boost South African exploration  

By: Martin Creamer     17th May 2024 A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a return to growth in the shrinking South African mining industry. Minerals Council South Africa CEO... 

Minerals Council South Africa CEO Mzila Mthenjane
South African public-private sector exploration webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

URA starts production at Gravelotte emerald mine

By: Tasneem Bulbulia     29th April 2024 London-listed URA Holdings has started phased production at the Gravelotte emerald mine (GEM) in South Africa. Following the successful commissioning of the processing and sorting plants, phased production at GEM started, as scheduled, before the end of April. 

How 30 years of democracy has transformed South Africa's mining industry  

By: Martin Creamer     25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... 

Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa CEO Mzila Mthenjane.

Gemfields releases updated ‘G-Factor for Natural Resources’ figures

By: Tasneem Bulbulia     24th April 2024 London-listed Gemfields has announced updated ‘G-Factor for Natural Resources’ figures for the 12 months to December 31, 2023, and has also once again invited governance bodies, extractive companies, industry observers and host governments to adopt the ‘G-Factor for Natural Resources’ measure to... 

An image of the Gemfields’ Montepuez mine
Gemfields’ Montepuez mine scored 35% on the G-Factor for Natural Resources in 2023

Minerals Council South Africa setting out to boost local demand for green hydrogen 

By: Martin Creamer     17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... 

From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha
From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha.

Use underground mines for electricity storage, optimise mine water use – Karst Hydro  

By: Martin Creamer     8th April 2024 South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up with a utility that supplies them clean water along with a store of cheap and reliable green energy. 

Karst MD Guy Richards.
Karst interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mines investing R46m to put an end to fall-of-ground fatalities   

By: Martin Creamer     5th April 2024 South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South Africa with the assistance of its Rock Engineering Technical Committee, and supported by the South... 

The next breakthrough must be zero fatality
Action plan to end fall of ground fatalities covered by Mining Weekly's Martin Creamer.

Mechanical cutting is going to be key for mining going forward – Master Drilling  

By: Martin Creamer     26th March 2024 Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg Stock Exchange-listed company presented a dividend-yielding set of 2023 full-year results that... 

Master Drilling CEO Danie Pretorius.
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Gemfields generates healthy revenue from latest auction, posts lower headline earnings for 2023

By: Marleny Arnoldi     25th March 2024 Aim- and JSE-listed gemstones miner Gemfields has generated total auction revenue of $17-million for a rough emeralds auction held between March 5 and 22. The company offered 43 lots for sale, of which 40 were sold, at an average price of $4.45/ct. 

Gravelotte processing, sorting plant commissioning under way

By: Creamer Media Reporter      25th March 2024 London-listed gemstone miner URA Holdings has started commissioning of the processing and sorting plants at its Gravelotte emerald mine, in South Africa. "We are pleased to report that we are on track to first production before the end of April and the start of commission of the processing and... 

Grizzly emerald auction generates $19m in sales

By: Sabrina Jardim     22nd March 2024 Emerald producer Grizzly Mining’s latest international emerald auction, in Dubai, of medium- to high-grade rough emeralds recovered from its flagship Grizzly emerald mine, in Zambia, generated $19-million worth of sales. With 76 clients having attended, the auction saw a single exceptional 4 145... 

Image of an emerald stone

Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI  

By: Martin Creamer     22nd March 2024 Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become greener as it keeps innovation closest to its rapidly internationalising heart. 

AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
AECI CEO Holger Riemensperger interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Gemfields swings to a loss on PGM investment writedown, but gemstone business flourishes

By: Sabrina Jardim     22nd March 2024 Gemstone miner Gemfields has recorded its second highest yearly revenues in 2023, on the back of record prices being paid for its rough coloured gemstones sold at auction. Gemfields CEO Sean Gilbertson notes, however, that production of premium rough gemstones has been weaker at its two key... 

Stage set for mining explosives centenarian to capture global top-three spot   

By: Martin Creamer     20th March 2024 The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an enthusiastically applauding audience at the Johannesburg Stock Exchange (JSE), where the newly strategised... 

Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
AECI's 100-year celebration covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer. Picture: Hush Naidoo.

URA raises £475 000 for South African emerald mine

By: Creamer Media Reporter      27th February 2024 London-listed URA has raised £475 000 through the issue of 23.75-million shares at a price of 2p apiece to use as working capital for its 74%-owned Gravelotte emerald mine, in South Africa. "We are delighted to announce this successful institutional placing. This significant increase in their... 

An emerald recovered from the Gravelotte mine in South Africa.

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

WiMSA has strong presence at Mining Indaba 

5th February 2024 Women in Mining South Africa (WiMSA) provides a free platform that supports and guides women's personal growth, leadership and career development in the South African mining industry. WiMSA was established in 2010 as a completely independent, volunteer-run non-profit organisation and exist... 

WiMSA has strong presence at Mining Indaba

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Optical sorter arrives at URA's Gravelotte mine

By: Creamer Media Reporter      31st January 2024 London-listed URA Holdings' Gravelotte emerald mine, in South Africa's Limpopo province, has taken delivery of an optical sorter – an important step in the mine's transition to operational status. The state-of-the-art optical sorter was manufactured by Angelon Electronics and packaged and shipped... 

Gemfields achieved its second-highest auction revenues ever in 2023

By: Creamer Media Reporter      29th January 2024 Gemstone miner Gemfields reports that auction revenues and pricing for both emeralds and rubies remain strong, with the company having earned auction revenues of $242-million in 2023 – the second-highest year in Gemfields' history despite the withdrawal of November 2023's auction of... 

Polished emeralds and rubies produced by Gemfields

Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister 

By: Martin Creamer     18th January 2024 The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview with Radio 702 host Clement Manyathela on Thursday. Mantashe disclosed to Manyathela that agreement had... 

Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Gwede Mantashe

Global mining commits to nature-positive future 

By: Martin Creamer     18th January 2024 Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems and natural processes. International Council of Metals and Minerals (ICMM) members have pledged... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

South Africa-linked mining luminaries advising on metals industry greening 

By: Martin Creamer     17th January 2024 South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive smelters, toxic chemicals and strong acids. 

Ian Cockerill, Mark Cutifani and Tony O'Neill
Photo by Creamer Media
Ian Cockerill, Mark Cutifani and Tony O'Neill

Smart wristwatches to uplift mineworker well-being at Copper 360  

By: Martin Creamer     16th January 2024 Computer programmes that use artificial intelligence (AI) to model orebodies and plan mines optimally have already been introduced by Copper 360, says the JSE AltX-listed Northern Cape copper mining company, which is developing the Rietberg copper mine, the first of a dozen copper mining assets... 

Copper 360 CEO Jan Nelson
Copper 360 CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

JSE presents opportunity for critical mineral miners to access capital  

By: Martin Creamer     12th January 2024 Critical mineral demand is growing significantly at a time when South Africa has a pressing need to reawaken its public markets – two crucial needs that can be fulfilled in one go by companies raising capital on the Johannesburg Stock Exchange (JSE) to fund their entry into the critical minerals... 

JSE business development manager Patrycja Kula-Verster
JSE Business Development Manager Patrycja Kula-Verster interviewed by Engineering News & Mining Weekly.
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