Mine export values bounce back but volumes still need boosting – Minerals Council . JOHANNESBURG (miningweekly.com) – South Africa’s mine export values have bounced back encouragingly but volumes still need boosting.

June’s export value was 13% up on May.

“Exports in value terms a...

Ferrochrome business remains solid, world still requires large amount of it – Glasenberg . JOHANNESBURG (miningweekly.com) – The ferrochrome business remains solid and there is still a large amount of ferrochrome required in the world.

Unfortunately, most of the production occurs in ferroc...

Idled Mutanda, Covid-19 to drive 25% drop in DRC's cobalt production . Cobalt production in the Democratic Republic of Congo (DRC), which is the world's biggest producer of the metal, is expected to decline by 25% this year, says financial risk management, solutions and i...

Orion Minerals raises cash for Prieska . PERTH (miningweekly.com) – Base metals developer Orion Minerals has raised A$6.2-million in a strongly supported share placement to advance its Prieska copper/zinc project, in South Africa.

The compa...

High-flying AngloGold posts colossal free cash surge as it weathers Covid disruption . JOHANNESBURG (miningweekly.com) – Gold mining company AngloGold Ashanti on Friday posted a colossal surge in half-year free cash flow generation, most of it coming in the three months to June 30.

Fre...

Minerals council says new exploration strategy could help mining recover from Covid-19 hit . Minerals Council South Africa is calling for the urgent development of a comprehensive and competitive greenfield exploration strategy, arguing that a far higher level of exploration is required to hel...

Glencore holds back on dividend, accelerates net debt reduction . JOHANNESBURG (miningweekly.com) – Notwithstanding its cash-generative business and secure liquidity positions, the board of Glencore has concluded that it would be inappropriate to make a distribution ...

Coal will continue to be assessed but should remain in Glencore right now – Glasenberg . JOHANNESBURG (miningweekly.com) – Coal will continue to be assessed but should remain in Glencore right now, Glencore CEO Ivan Glasenberg said on Thursday.

For the six months to June 30, the London- ...

Gold price smashes record for second time in a month, breaking $2 000/oz mark . The London Bullion Market Association’s (LBMA’s) gold price hit an all-time record high at $2 034.45/oz on August 5 – representing the first time in its more than 100-year history, that the London pric...

Platinum continuing to attract strong investor interest – WPIC . JOHANNESBURG (miningweekly.com) – The interest in platinum group metals (PGMs) is high at the moment, World Platinum Investment Council (WPIC) research director Trevor Raymond said on Wednesday.

Spea...