South Africa mining industry records lowest fatalities in 2022 – minister

The South African mining industry recorded 49 fatalities in 2022, which is the lowest-ever number of fatalities recorded in history, according to a senior government official. Mineral Resources Minister Gwede Mantashe told delegates at the Investing...

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African Mining Indaba begins

The annual Investing in African Mining Indaba, which is considered one of the continent’s largest gatherings of mining companies, investors and government representatives, commenced Monday in Cape Town, South Africa. The 2023 Mining Indaba theme is ‘Unlocking...

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Anglo American Platinum refined output down 25% in 2022

Anglo American Platinum’s production of refined platinum group metal (PGM) fell 25% in 2022 due to the delayed Polokwane smelter rebuild, and power outages, coupled with lower mine output and grades.

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Zim High Court orders release of Vast’s rough diamonds

The High Court of Zimbabwe has granted a default order against the minister of mines relating to the release of Vast Resources’ 129,400 carats of rough diamonds held in safe custody at the Reserve Bank of Zimbabwe.

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Gem Diamonds 2022 output dips on low ore treated

Gem Diamonds’ rough output at its 70%-owned Letšeng mine in Lesotho dropped 7% to 106 704 carats in 2022 compared to 115 335 carats produced in 2021.

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Why gold is the bright stuff for would-be sanctions busters

25 january 2023

(ft.com) - Experts joke that some Russian-mined gold in British vaults “is so old it has double-headed Imperial eagles stamped on it”. Ownership shifted into non-Russian hands decades ago, they say. But investors are worried that Russian gold could be used for sanctions busting. The London Bullion Market Association is therefore registering it all. The anxiety of investors is apt. Gold is the currency of fear and distrust. The financial systems of the democratic west and authoritarian east are pulling apart amid mutual recriminations. That extends the potential role of gold for national reserves and for transactions where no questions need be asked.