Economic & Industrial

Mining News Pro - Oil Search has warned of a non-cash impairment charge of between $360-million and $400-million for its interim results in 2020.

Mining News Pro - The return of the 12 500 foreign mineworkers to South Africa’s mines is taking double the time planned.

Mining News Pro - South African retail investors willing to invest in mining exploration should be incentivised as is the case in other mining jurisdictions, the economic transformation committee (ETC) of the African National Congress (ANC) states in a 30-page discussion document just released.

Mining News Pro - Despite the challenges presented by the Covid-19 pandemic, Pan African Resources on Friday reported higher gold production, lower debt, good safety, environmental progress, project advances and intensified dividend intent.

Mining News Pro - The board of gold mining company Pan African has approved the development of a 10 MW solar photovoltaic project at the Elikhulu gold-from-tailings operation in Evander, Mpumalanga, the London-, Johannesburg- and now also New York-listed Pan African stated on Friday.

Mining News Pro - Brazil has the capacity to meet the growing demand for iron ore and there is currently no risk of mine closure due to the covid-19 pandemic, says Brazilian mining association (Ibram) president Flávio Penido.

Mining News Pro - Copper prices are surging, and for once it’s not because the economy is booming.

Mining News Pro - The Economic Transformation Committee of South Africa’s ruling African National Congress suggested that pension funds take over some of the assets of the indebted state power company.

Mining News Pro - New Hope Group has appointed a new chief executive, Reinhold Schmidt, who will transfer from the same position at Yancoal Australia in September.

Mining News Pro - Unions at Chile`s Codelco, the world`s largest copper producer, said on Wednesday that nearly 3 000 workers had been infected with the coronavirus, prompting renewed calls for more safety measures at the company`s sprawling operations.

Mining News Pro - Coal companies received at least $170 million in small business loans under the U.S. government’s coronavirus relief program, according to data released Monday.

Mining News Pro - Amember of South Africa’s National Planning Commission (NPC) has called for the Presidential Climate Change Coordinating Commission (PCCCC) to be established, arguing that such a multi-stakeholder institutional platform is required to implement the just transition vision outlined in the country’s National Development Plan (NDP).

Mining News Pro - The first batch of 1 100 foreign mineworkers is scheduled to cross back into South Africa on Tuesday.

Mining News Pro - Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgment of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.

Mining News Pro - Fortescue Metals Group has awarded Civmec a civil contract for the Iron Bridge magnetite project in Western Australia.

Mining News Pro - Digitalisation, automation, and IoT devices are fuelling operational efficiencies in the mining industry. However, increased connectivity within operational technology environments has exponentially expanded the threat surface.

Mining News Pro - For the mining industry to be successful post-Covid-19, the industry will require long-term strategies to deal with its challenges, which includes the pandemic.

Mining News Pro - Activity in Peru’s mining and hydrocarbons sector plummeted 45.79% in May from a year earlier, the third straight monthly drop, the government said on Wednesday, due to a lockdown to fight the covid-19 pandemic.

Mining News Pro - Gold prices held steady on Monday, close to its multiyear peak scaled last week, as investors weigh the surge in coronavirus cases in the US against tentative signs of economic improvement in some regions.

Mining News Pro - Transnational nonprofit organisation Crisis Group says tensions continue to build in the Democratic Republic of Congo’s (DRC’s) mining heartland between industrial and artisanal miners.

In Picture