Chanel de Bruyn

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Chanel de Bruyn

Chanel de Bruyn is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.

Exxaro's first-half export coal sales to fall 6% on logistics challenges, low prices

27th June 2023 Diversified resources company Exxaro Resources expects to report a 6% decrease in export coal sales volumes to 2.51-million tonnes for the six months ended June 30, compared with 2.67-million tonnes for the six months ended December 31, 2022, as a result of Transnet Freight Rail's (TFR's) poor... →

Rain, mining licence conditions posing a challenge for Edenville's Rukwa mine

28th March 2023 Coal miner Edenville Energy continues to face challenges at its Rukwa mine, in Tanzania, as a result of wet weather and warnings from the Mining Commission in Tanzania that the company has failed to perform certain tasks required under its mining licence. The company reports that, although it has... →

Gold Fields, AngloGold set out to create Africa's largest gold mine

16th March 2023 Gold miners Gold Fields and AngloGold Ashanti have announced plans to merge their neighbouring Tarkwa and Iduapriem mines, in Ghana, under a new joint venture (JV). The companies have agreed, in principle, on the key terms of the proposed JV and have started with preliminary, high-level and... →

AngloGold's Iduapriem mine

Strong operational performance delivers 6% y/y increase in De Beers' fourth-quarter output

2nd February 2023 Diamond miner De Beers, a subsidiary of Anglo American, achieved a 6% year-on-year increase in rough diamond production to 8.2-million carats for the fourth quarter of 2022. The miner said this reflects a strong operational performance across its assets, but partially offset by the planned... →

Bushveld delivers record production despite loadshedding; electrolyte plant construction on track

31st January 2023 Integrated primary vanadium producer and energy storage solutions provider Bushveld Minerals produced a record 3 842 t of vanadium in the 12 months to December 31 and has set its production guidance for this year at between 4 200 t and 4 500 t of vanadium. Although production in 2022 was higher... →

Nersa approves 18.65% Eskom hike

13th January 2023 Engineering News editor Terence Creamer discusses the National Energy Regulator of South Africa's (Nersa's) announcement of electricity tariff increases to be implemented by State utility Eskom for the 2023/24 and 2024/25 financial years; Nersa's rejection of Eskom's request for increased funding... →

Mondi to sells packaging converting operations in Russia for €24m

15th December 2022 Pulp and paper company Mondi has entered into an agreement to sell its three Russian packaging converting operations to Russian packaging producer Gotek Group for about €24-million, payable in cash. →

Mpact to upgrade Mpumalanga paper mill in R1.2bn project

14th December 2022 The board of paper and plastic packaging producer and recycler Mpact has given the go-ahead for a R1.2-billion investment project at its Mkhondo paper mill, in Mpumalanga. Mpact will invest in improvements to the mill’s paper machine, increasing its capacity by about 10 000 t/y to 142 000 t/y. →

Thungela to gain full ownership of Zibulo colliery and the Elders project

24th November 2022 South African thermal coal exporter Thungela Resources has reached an agreement with its black economic empowerment partner Inyosi Coal to acquire the 27% interest in Anglo American Inyosi Coal (AAIC) currently owned by Inyosi in exchange for shares in Thungela. Upon completion of the... →

Thungela CEO July Ndlovu

Independent study confirms potential for Centamin to expand its Sukari underground operations

15th November 2022 LSE- and TSX-listed Centamin reports that an independent option study has confirmed the potential of its expanding the Sukari Underground mine, in Egypt, to 1.5-million tonnes a year of ore milled. This is at the upper end of the previously indicated range and represents a 31% increase in ore... →

Sappi posts record full-year Ebitda, resumes dividend payment

10th November 2022 Renewable resources company Sappi achieved record earnings before interest, taxes, depreciation and amortisation (Ebitda) of $1.34-billion for the financial year ended September 30 – exceeding the previous record of $1.05-billion for the group's financial year ended September 30, 2000. Ebitda was... →

Sibanye's South African PGMs output falls on power curtailments, copper cable theft

3rd November 2022 Battery and precious metals producer Sibanye-Stillwater has maintained its full-year production guidance for its South African platinum group metals (PGMs) operations at between 1.75-million and 1.8-million ounces of platinum, palladium, rhodium and gold (4E), despite third-quarter production... →

Sibanye-Stillwater's Marikana mine

Tongaat Hulett enters voluntary business rescue

27th October 2022 Agroprocessing group Tongaat Hulett's board has determined that the company is in financial distress and has decided to start voluntary business rescue proceedings. The company reiterates in an October 27 statement to shareholders that its current financial position stems from years of high and... →

De Beers' third-quarter output rises on higher grades, strong production in Namibia

27th October 2022 Diamond miner De Beers – a subsidiary of diversified mining group Anglo American – increased its rough diamond production by 4% year-on-year to 9.6-million carats for the third quarter ended September 30. The higher output was achieved on the back of the treatment of higher-grade ore at Orapa, in... →

Amplats' third-quarter refined output falls on Polokwana smelter rebuild, loadshedding

27th October 2022 Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) reported a 6% year-on-year decrease in total PGM production to 1.05-million ounces for the third quarter. Production was, however, 1% higher compared with the second quarter of this year. →

Amplats CEO Natascha Viljoen

Kumba lowers full-year export sales guidance following Transnet strike

27th October 2022 South African iron-ore miner Kumba Iron Ore has revised its full-year export sales guidance lower to between 36-million and 37-million tonnes, compared with the previously guided 38-million to 40-million tonnes, as a result of low levels of finished stock at the Port of Saldanha Bay, rail... →

Kumba CEO Mpumi Zikalala

Jubilee sees ‘tremendous’ growth potential after completing expansion programme

25th October 2022 London- and Johannesburg-listed Jubilee Metals Group has met its production targets for the financial year ended June 30, after having completed its capitalisation and expansion programme. Over the past 18 months, the company implemented a £58-million capital expansion (capex_ project to acquire... →

Bushveld considering renewable self-generation options for Vanchem

25th October 2022 Vertically integrated primary vanadium producer Bushveld Minerals achieved “solid” production for the quarter ended September 30, despite the negative impact of loadshedding on its Vanchem operation, in particular. Bushveld CEO Fortune Mojapelo attributed the good production performance to the... →

Photo by Creamer Media
Bushveld Minerals CEO Fortune Mojapelo

Thungela says Transnet strike unlikely to have significant impact on export sales

6th October 2022 Coal miner Thungela Resources says it does not expect a strike by State-owned Transnet's rail and port employees to have a significant impact on its coal sales for the fourth quarter, unless the industrial action is protracted. "Rail constraints over recent months have resulted in relatively high... →

Buffalo Coal confirms $27m loan will soon transfer to new owner Belvedere

2nd September 2022 TSX-V- and JSE-listed Buffalo Coal has advised that private investment fund Resource Capital Fund (RCF) has concluded, for the most part, the sale of convertible debt of $27-million to Belvedere Resources, following Belvedere’s acquisition of RCF’s controlling stake in Buffalo. RCF disposed of... →

Anglo inks deal to accelerate roll-out of nuGen zero emissions haulage solution

22nd July 2022 Diversified miner Anglo American is in exclusive negotiations with specialist engineering technology company First Mode Holding and has agreed nonbinding terms to establish a combined business to accelerate the rollout of Anglo's nuGen hydrogen-powered Zero Emissions Haulage Solution (ZEHS). The... →

Anglo American's nuGen haulage truck

Anglo enters deal to accelerate rollout of nuGen zero emissions haulage solution

30th June 2022 Diversified miner Anglo American is in exclusive negotiations with specialist engineering technology company First Mode Holding and has agreed nonbinding terms to establish a combined business to accelerate the rollout of Anglo's nuGen hydrogen-powered Zero Emissions Haulage Solution (ZEHS). The... →

Anglo American's nuGen haulage truck

Gordhan says Eskom, unions reach wage agreement; hopes second day of Stage 6 load-shedding can be avoided

28th June 2022 Public Enterprises Minister Pravin Gordhan on Tuesday evening said he was hopeful that Eskom would be able to avoid implementing Stage 6 load-shedding for a second day on Wednesday, after the power utility and unions had reached a wage agreement earlier in the day. Eskom on Tuesday afternoon... →

South African PGMs explorer raises $19m in IPO ahead of listing on ASX, JSE

19th May 2022 South Africa-based minerals explorer Southern Palladium, which is focused on platinum group metals (PGM) and which is headed up by MD Johan Odendaal and chairperson Terence Goodlace, has raised $19-million in an initial public offering (IPO) ahead of its listing on the ASX. The company, which has... →

Contango's Zimbabwe coal project starts production

30th March 2022 Production has started at London-listed natural resource development company Contango Holdings' Lubu coking coal project, in Zimbabwe. Production is under way on Block 2, which was selected given the high-quality coking coal found at that location and its proximity to surface. The company expects... →

Wescoal puts Vanggatfontein on care and maintenance as it struggles to secure Eskom CSA extension

25th February 2022 Coal miner Wescoal has decided to put its Vanggatfontein Colliery on care and maintenance while it tries to secure an extension to a coal supply agreement (CSA) with power utility Eskom. Wescoal acquired the mine, in Delmas, Mpumalanga, in 2017 as part of its buyout of Keaton Energy. →

The Vanggatfontein Colliery

Strong diamond market pushes Lucara's full-year revenue, Ebitda higher

25th February 2022 Vancouver-headquartered Lucara Diamond Corporation achieved a more than five-fold year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $102.5-million for the financial year ended December 31. That compares with the adjusted Ebitda of... →

The Karowe mine

Community protests halt construction at Wesizwe's Bakubung mine

8th February 2022 Platinum group metals (PGMs) development company Wesizwe Platinum on February 8 informed shareholders that community protests have interrupted the development of its Bakubung mine. It noted that Ledig community members on January 26 embarked on a march towards the Bakubung mine. The marchers... →

Educatum, Educare – Mediocris

4th February 2022 “There are two kind of statistics: the kind you look up and the kind you make up,” so said Rex Stout. For their part, Mark Twain and Milton Friedman stated that “facts are stubborn, but statistics are more pliable” and that “statistics do not speak for themselves” respectively. More quotations:... →

Construction starts on renewable energy project for Rio Tinto's Madagascar mine

10th December 2021 The government of Madagascar and Rio Tinto QIT Madagascar Minerals (QMM) on December 10 celebrated the start of construction of a solar and wind energy project that will supply the ilmenite mine operations in Fort Dauphin, in southern Madagascar. The renewable energy project is vital to the... →

Tongaat's shares fall on equity raise plans

17th November 2021 JSE-listed Tongaat Hulett's share price fell by nearly 43% on Wednesday after it announced a proposed equity raise to reduce its debt to a more sustainable level. As part of the company's ongoing turnaround plans, it has already reduced its debt by 42% over the past two and a half years. →

Sars encouraged by rebuilding efforts

9th November 2021 The South African Revenue Service (Sars) was encouraged by the measured progress in rebuilding Sars as an institution, transforming itself into a smart, modern service, Sars commissioner Edward Kieswetter reported to Parliament this week. In a statement on November 9, Sars said it had collected... →

Sibanye advances buyout of Sandouville asset

4th November 2021 Precious and green metals company Sibanye-Stillwater has signed a share purchase agreement (SPA) to acquire the Sandouville nickel hydrometallurgical processing facility from French mining and metallurgy company Eramet. Sibanye in July signed an exclusive put option agreement to acquire the... →

The Sandouville nickel processing facility

Lucara reports strong third-quarter production, revenue growth

4th November 2021 Diamond miner Lucara Diamond Corp's Karowe mine, in Botswana, produced 97 412 ct of diamonds in the third quarter ended September 30, compared with the 88 909 ct produced in the third quarter of 2020. Production included 212 "special" diamonds weighing more than 10.8 ct each. →

Lower PGM, gold prices result in 5% y/y decrease in Sibanye's third-quarter Ebitda

28th October 2021 Despite a solid operational performance in the third quarter ended September 30, lower average platinum group metal (PGM) and gold prices resulted in a decrease in precious and battery metals producer Sibanye-Stillwater's adjusted earnings before interest, taxes, depreciation and amortisation... →

Sibanye-Stillwater CEO Neal Froneman

Gem lowers full-year production guidance

28th October 2021 London-listed Gem Diamonds, which operates the Letšeng mine, in Lesotho, has lowered its production guidance for the full-year to December 31 to between 110 000 ct and 114 000 ct, compared with the previously guided 123 000 ct to 127 000 ct. The diamond miner noted in a trading update to... →

Sibanye expands tailings retreatment exposure through 20% stake in Australian company

27th October 2021 JSE- and NYSE-listed Sibanye-Stillwater has entered into investment agreements to acquire a 19.99% shareholding in ASX-listed New Century Resources, which owns the Century tailings zinc retreatment operations in Queensland, Australia. Sibanye says the transaction, which is expected to close by... →

Sibanye CEO Neal Froneman

RBPlat's shares rise on buyout offer from Implats

27th October 2021 Platinum group metals (PGMs) miner Royal Bafokeng Platinum's (RBPlat's) share price on the JSE rose by more than 23% on Wednesday morning after shareholders were informed that fellow PGMs miner Impala Platinum (Implats) had made a nonbinding indicative proposal to acquire RBPlat. RBPlat and... →

The Bafokeng Rasimone Platinum Mine Concentrator plant

Petra records good first-quarter revenue growth

26th October 2021 London-listed Petra Diamonds achieved good revenue growth of 48% year-on-year to $114.9-million for the quarter ended September 30 – the first quarter of Petra's 2022 financial year. "The company has delivered a very strong revenue result due to the contribution of exceptional diamond sales,... →

The Finsch diamond mine

De Beers tightens full-year output guidance at 32m carats

21st October 2021 Diamond miner De Beers expects to produce about 32-million carats for the full-year, which is at the lower end of its initial guidance of 32-million to 33-million carats. Reporting on its production performance in the third quarter ended September 30, the Anglo American subsidiary said demand for... →

Amplats reports 'strong' Q3 performance, remains on track to meet FY guidance

21st October 2021 Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) remains on track to meet its full-year production and sales targets after a strong third-quarter performance. Metal-in-concentrate PGM production was 1.12-million ounces, in line with production in the third quarter of 2020,... →

Amplats CEO Natascha Viljoen

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