Nothing like negative interest rate, fear to drive gold price – Bristow . JOHANNESBURG (miningweekly.com) – “There’s nothing like a negative real interest rate and a fear to drive the gold price,” says Barrick Gold Corporation CEO Dr Mark Bristow, who also puts money printin...

23 July 2020, Welcome to the daily audio edition of Creamer Media's Mining Weekly, brought to you by Fraser Alexander, your trusted global mining services partner. Today's top story . Nothing like negative interest rate, fear to drive gold price – Bristow

“There’s nothing like a negative real interest rate and a fear to drive the gold price,” says Barrick Gold Corporation CEO Dr Ma...

Northam completes first phase of raise-bore drilling for third Zondereinde shaft . JSE-listed Northam Platinum, together with Master Drilling, has successfully completed a record raise-bore pilot hole for the planned Number 3 Shaft at the Zondereinde mine.

The new shaft system will...

Latest quarters point to recovery as Wescoal reports R137m loss . JOHANNESBURG (miningweekly.com) – Coal mining company Wescoal reported a R137-million loss for the 12 months to March 31, but performance in the latest two consecutive quarters has all the hallmarks of...

Pan African does it again with exciting rich vein of gold at New Consort . JOHANNESBURG (miningweekly.com) – London-, Johannesburg- and now also New York-listed Pan African Resources continues to demonstrate the resilience of its operations with an improved all-round performa...

China’s vehicle sales rebound bodes well for platinum group metals demand . JOHANNESBURG (miningweekly.com) – The rebound of car sales and heavy-duty vehicle sales in China bodes well for platinum group metals demand as the world’s coronavirus lockdowns ease.

A weekend Kitco...

‘Historic dumps’ do not appear to be MPRDA regulated – law firm . JOHANNESBURG (miningweekly.com) – South Africa’s ‘historic dumps’­ – mine dumps created prior to the promulgation of the Minerals and Petroleum Resources Development Act (MPRDA) which took effect in 20...

South32 shuts Metalloys temporarily, expects $7m restructuring costs . JOHANNESBURG (miningweekly.com) – Diversified mining company South32 has placed the manganese alloys Metalloys smelter in Meyerton, Gauteng, on temporary care and maintenance.

The Sydney- and Johanne...

Rio says threat of virus second wave is roiling raw materials . An uneven global recovery from the coronavirus pandemic and concern over the prospects for second waves of infections are weighing on the outlook across commodities markets, according to Rio Tinto Grou...

SA’s ferrochrome retreat points to steady erosion of competitiveness . The local chromium industry is ostensibly being cut out of global ferrochrome production, owing to its eroding competitiveness and the comparatively ‘low-hanging fruit’ of supplying chromite.

While i...