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Zimbabwe retrieves 24 bodies from collapsed mine, union says
Published: 18 Feb 19
Zimbabwe removed 24 bodies of artisanal miners who had been trapped in two collapsed gold shafts since Tuesday, according to a union official. “So far we have retrieved 24 bodies from the two shafts and 23 of them have since been positively identified,” Henrietta Rushwaya, president of the Zimbabwe Miners Federation, told reporters in Battlefields town, 170 km west of the capital, Harare.
Sierra Metals reports flat Q4 Ebitda, production increases
Published: 15 Feb 19
TSX- and Peru-listed Sierra Metals reported adjusted earnings before interest, taxes, depreciation and amortisation of $17.4-million for the fourth quarter of 2018, compared with $17.5-million in the fourth quarter of 2017. The company processed 268 363 t, compared with 254 993 t processed in the prior comparable period.
Lower South Deep output dents Gold Fields’ FY18 profit Lower South Deep output dents Gold Fields’ FY18 profit
Published: 15 Feb 19
Dual-listed Gold Fields achieved normalised profit from continuing operations of $27-million for the year ended December 31, 2018, compared with the $154-million posted for 2017.   The company’s profit was dented by a decline in output, led by its South Deep mine in South Africa.
Wescoal ends Khanyisa Triangle JV
Published: 15 Feb 19
JSE-listed Wescoal on Friday announced it was exiting the Khanyisa Triangle joint venture (JV) with Uju Resources, Mwelase Mining and Aztolinx, allowing Wescoal to exploit the coal resource exclusively. In 2016, Wescoal and Uju agreed to jointly exploit the mining area known as the Khanyisa Triangle.
Trust in tailings? Vale dam disaster spurs investors into action
Published: 15 Feb 19
Seeking assurances from Brazilian miner Vale by phone after a second deadly dam disaster in three years is not enough for Sasja Beslik. He plans to fly there himself to get answers. Beslik, head of sustainable finance at Swedish bank Nordea, blocked the bank's investment managers from buying any more Vale shares on Jan. 26, the day after a damn filled with mining waste burst its banks, killing hundreds.
Miner Vale says fire to halt operations at Malaysia distribution center
Published: 15 Feb 19
Brazilian miner Vale SA said a fire broke out on Friday in its distribution center in Malaysia, temporarily affecting shipments, according to a securities filing. Vale added that the fire caused "only material damages" and that operations are likely to resume in 10 to 15 days.
Nevada like Witwatersrand of 1970s – Bristow Nevada like Witwatersrand of 1970s – Bristow
Published: 15 Feb 19
Nevada is like the Witwatersrand of the 1970s, says new Barrick Gold president and CEO Dr Mark Bristow, whose Randgold Resources is now merged into Barrick to form the world’s biggest gold mining company, which is also an extractor of copper, a metal that Bristow sees as “another gold”. The brand new Goldrush-Fourmile discovery, which extends the footprint within Cortez district in Nevada in the US, is already at 12-million ounces at over 10 g/t.
ARM expects increase in H1 headline earnings
Published: 15 Feb 19
Diversified miner African Rainbow Minerals (ARM) expects its headline earnings a share for the six months ended December 31, to increase by between 8% and 15% to between R11 and R11.80, compared with the R10.23 reported for the first half of the prior financial year. This positive impact is as a result of an increase in the average realised dollars prices for most of the commodities that ARM produces, as well as a weaker average rand/dollar exchange rate.
Mantashe calls for more security at mines following Gloria coal mine incident
Published: 15 Feb 19
Mineral Resources Minister Gwede Mantashe on Friday said the priority remains to restore ventilation at the Gloria mine, in Mpumalanga, and to reduce flammable gases underground so that the search and recovery process can continue with the necessary speed. He also called for security at mines to be enhanced in order to effectively address illegal mining.
Govt, industry collaboration needed to create thriving diamond industry – Ernie Blom
Published: 15 Feb 19
World Federation of Diamond Bourses president Ernie Blom has called on Mineral Resources Minister Gwede Mantashe, through an open letter, to put into practice what government has said regarding the development of the South African mining industry, in general, and to help “pave the road to success”. In particular, Blom referred to the global diamond sector, which he said “flourished when close cooperation between government and industry prevails”.
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