MiningWeekly.com Audio Articles

COVID-19 prompts Glencore to defer cash distribution, reinforce liquidity . JOHANNESBURG (miningweekly.com) – The coronavirus pandemic has prompted global diversified mining and marketing company Glencore to defer its proposed $2.6-billion distribution of cash and reinforce it...

Harmony Gold’s nine underground mines cease operations . JOHANNESBURG (miningweekly.com) – Mining has ceased at all of the nine underground gold mines of Harmony Gold, but the Johannesburg- and New York-listed company’s surface retreatment operations and ope...

Gold Fields places South Deep mine on care-and-maintenance . JOHANNESBURG (miningweekly.com) – Johannesburg- and New York-listed gold mining company Gold Fields has placed its South Deep gold mine in Gauteng on care and maintenance to coincide with South Africa’...

De Beers cancels third rough diamond sales cycle . Owing to public health restrictions on the movement of people and products in Botswana, South Africa and India, diamond miner De Beers will not hold its third rough diamond sales cycle of this year.

Proudly South African hydrogen breakthrough with Shell’s backing . JOHANNESBURG (miningweekly.com) – At this time of huge coronavirus uncertainty, the chests of a group of engineers here must surely be bulging with pride following their major Proudly South African wor...

Anglo American cuts South African iron-ore, coal guidance . Diversified miner Anglo American is taking steps at its relevant operations in line with Covid-19-related regulations enforced in the various jurisdictions in which it operates around the world.

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Glencore winds down most operations in line with Covid-19 restictions . Diversified mining and marketing company Glencore, with operations internationally, is winding down most of its operations and putting them on temporary care and maintenance as lockdowns are enforced i...

South32 cuts expenditure as operations are adjusted . PERTH (miningweekly.com) – Diversified miner South32 has announced a $160-million cut to capital expenditure over the next 15 months, with the miner also announcing a number of operational changes in r...

Online bullion accounts, ETFs the way to go amid Covid-19 lockdowns . Now that supply of retail products is tightening amid coronavirus contingency measures and lockdowns, investing in physical platinum without taking delivery of investment bars and coins is an accessibl...

Official gold holdings head for 34 000 t as global risks heighten . JOHANNESBURG (miningweekly.com) – Central banks and supranational organisations, such as the International Monetary Fund and the Bank of International Settlements, currently hold nearly 34 000 t of gol...