Latest News for: Johannesburg mining

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Anglo to share $4.1bn in dividends as prices surge

The Times/The Sunday Times 29 Jul 2021
Anglo, listed in London and Johannesburg, mines a range of commodities including iron ore, copper, diamonds, coking coal and platinum group metals. It is also developing. .
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Limpopo is rich in PGMs but poor in state support

Business Day 27 Jul 2021
Excluding crude oil, SA is the wealthiest mining jurisdiction in the world, with a non-energy mineral reserve value of more than $2.4-trillion ... The SA mining sector reflects this dynamic — AngloGold Ashanti has sold its last SA asset, while other firms are reconsidering their Johannesburg listings.
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South32 welcomes competitive Nersa energy deal

Independent online (SA) 26 Jul 2021
’’With the new tariff agreed, Hillside remains competitively positioned on the global smelter cost curve, with operating unit costs for FY21 (full year 2021) reflecting the higher power charges from the new agreement incurred since August 1 last year,” the mining firm announced on the Johannesburg Stock Exchange News Service on Friday.
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Ivanhoe’s Kamoa-Kakula exports first copper concentrate

Mining Dot Com 20 Jul 2021
Ivanhoe inked a deal in June to sell each of the Chinese companies 50% of the copper production from the recently-launched first phase of the DRC mine  ... Biggest copper mine in decades ... After several phases of expansion, the mine’s peak annual copper production will be more than 800,000 tonnes.
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Making sense of the South African ‘volcano’

Mail Guardian South Africa 15 Jul 2021
There is a scene in which John Kumalo makes a speech about the South African labour situation and the decent compensation of workers in the mining industry that is particularly significant. While the speech is directed at the gold mining industry of Johannesburg, this may be argued of any current South African business.
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AngloGold seeks to buy rest of Corvus to drive US projects

Beijing News 14 Jul 2021
AngloGold, which already owns 19.5% of Corvus, is pursuing the takeover as part of its strategy to grow reserves and build low-cost production, the Johannesburg-based firm said Tuesday in a statement ... AngloGold's stock closed 2.7% higher in Johannesburg.
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S.Africa says mine deaths rose 33% in the first half 2021

Metro USA 08 Jul 2021
JOHANNESBURG (Reuters) – South Africa’s mines recorded 32 deaths in the first half of 2021 compared with 24 during the same period in 2020, the mines ministry said on Thursday, continuing a spike in deaths which began last year in some of the world’s deepest mines.
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Commodity supercycle or not, here’s a metal that’ll still be in demand – tin

Moneyweek 07 Jul 2021
Supply, whether from mining or recycling, cannot keep place ... Following depleted production in Indonesia due to heavy rain in 2020-2021, the latest upsets are a mining shutdown in China’s Yunnan province for planned maintenance (the real reason probably being a Covid outbreak) ... “Consumers are totally destocked,” says mining analyst Mark Thompson.
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South Africa’s AngloGold’s new CEO to tackle ‘enormous’ discount

Metro USA 06 Jul 2021
JOHANNESBURG (Reuters) – AngloGold Ashanti’s newly-appointed chief ... Following the news, AngloGold shares rose more than 4%, outpacing its Johannesburg-listed gold mining peers Harmony Gold and Gold Fields, before giving up some gains to be 1.89% higher at 1405 GMT.
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S.Africa’s AngloGold’s new CEO to tackle ‘enormous’ discount

Metro USA 06 Jul 2021
JOHANNESBURG (Reuters) -AngloGold Ashanti’s newly-appointed chief executive ... Following the news, AngloGold shares rose more than 4%, outpacing its Johannesburg-listed gold mining peers Harmony Gold and Gold Fields, before giving up some gains to be 1.89% higher at 1405 GMT.
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Two community mining sites opened in Western Region

Ghana Web 06 Jul 2021
The Western Regional Minister, Kwabena Okyere Darko-Mensah, said Maps and necessary documentation were undertaken to ascertain suitability, adding “The Sector responsible has approved, therefore, Mine responsibly and develop your communities like Johannesburg and other beautiful places around the world.”.
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Anglo American knew of lead danger at Zambian mine, doctor says

Business Day 05 Jul 2021
Johannesburg— A doctor said Anglo American was aware of the danger lead poisoning posed to employees and commissioned a study into its impact in a community close to a Zambian mine where he worked ... The lawsuit was filed in SA because at the time of the mine’s operation Anglo was headquartered in Johannesburg.
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Anglo knew of lead danger at Zambian mine, doctor says

Mining Dot Com 05 Jul 2021
The firms said evidence they have from the Zambian state mining archives shows the documents would have been copied to Anglo’s then head offices in Johannesburg ... The lawsuit was filed in South Africa because at the time of the mine’s operation Anglo was headquartered in Johannesburg.
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Anglo coal spinoff surges as global supply curbs lift prices

Mining Dot Com 01 Jul 2021
It’s also been helped by skepticism about the long-term future of coal, which is curbing investment in new mines ... “If these higher prices are sustained, Thungela looks attractive at these levels,” said Prince Mopai, a mining analyst at All Weather Capital Ltd., in Johannesburg.
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Coal isn?t dead yet, as final deal by SA's Glasenberg shows

Beijing News 30 Jun 2021
But in his last days on the job, Glasenberg made one last coal deal, spending $588 million (around R8.5 billion) buying out the partners in the Cerrejon mine in Colombia. His parting act shows why expectations of coal's swift demise are likely to be confounded and how mining the black stuff could remain vastly profitable for years to come.

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