Gold slumps and platinum falls by most ever amid hunt for cash . LONDON – Precious metals took another beating on concerns that a wave of emergency stimulus measures by central banks won’t be enough to improve a rapidly deteriorating economic outlook.

Gold, coming...

MC Mining says optimisation initiatives bearing fruit . MC Mining implemented optimisation initiatives at the Uitkomst Colliery during the six months to December 31, which yielded very positive results, with run-of-mine (RoM) coal production increasing by 1...

Criminal raids on gold mines pose new threat to South African industry . With gold prices surging to seven-year highs, it is seemingly a good time to be in the industry. In South Africa, however, the recovery has coincided with, and is being tainted by, a surge in so-called...

Iron-ore, PGMs, coal contribute to 7.5% y/y rise in mining output . South African mining production increased by 7.5% year-on-year in January, Stats South Africa’s data shows.

This was the biggest year-on-year rise in mining output since November 2017 when production...

Exxaro lifts dividend, creates jobs, supports enterprises . JOHANNESBURG (miningweekly.com) – Black-controlled diversified resources group Exxaro, which created 746 jobs and supported 30 small, medium-sized and microenterprises in the twelve months to December ...

Coal miner Exxaro driving rigorous renewable energy strategy . CENTURION, Gauteng (miningweekly.com) – South Africa’s electricity generation crisis has in itself created a lot of other new opportunities, Exxaro CEO Mxolisi Mgojo said on Thursday when the company d...

Gem upbeat on future prospects for Letšeng and the company . Diamond miners Gem Diamonds delivered solid operational results for the year ended December 31, which, together with the targeted gains of a business transformation programme and continued emphasis on ...

New catalyst technology bodes well for platinum – Implats . JOHANNESBURG (miningweekly.com) – The newly announced tri-metal catalyst technology that rebalances market demand for platinum group metals (PGMs) bodes well for platinum, Implats CEO Nico Muller said ...

New platinum coin testament to major marketing effort – Implats . JOHANNESBURG (miningweekly.com) – The launch of the Big Five platinum coin series, aimed at boosting investment demand for platinum, is testament to the wonderful marketing effort of leading members of...

Menar doing due diligence on thermal coal assets being offloaded . JOHANNESBURG (miningweekly.com) – Private investment and management company Menar is doing due diligence on thermal coal assets that have been placed on the market by companies wishing to offload them ...