Stakeholders join hands to improve occupational lung disease compensation system

To further improve the administration of the State-owned administered compensation system of occupational lung diseases, the Minerals Council South Africa has entered into a three-year partnership, dubbed the co-governance model, with the Medical Bureau for Occupation Disease (MBOD) and the Compensation Commissioner for Occupational Diseases (CCOD). This model will be used to implement projects and initiatives that will help the MBOD and the CCOD become an efficient and streamlined compensation fund and administrator.

Stakeholders join hands to improve occupational lung disease compensation system

To further improve the administration of the State-owned administered compensation system of occupational lung diseases, the Minerals Council South Africa has entered into a three-year partnership, dubbed the co-governance model, with the Medical Bureau for Occupation Disease (MBOD) and the Compensation Commissioner for Occupational Diseases (CCOD). This model will be used to implement projects and initiatives that will help the MBOD and the CCOD become an efficient and streamlined compensation fund and administrator.

Botswana Diamonds intersects kimberlite at Marsfontein

Dual-listed Botswana Diamonds on Monday announced that kimberlite, identified by visual inspection, had been intersected at shallow depth in two out of three holes drilled at the Marsfontein project in Limpopo, South Africa. The company has been undertaking a percussion drilling campaign on Thorny River and the contiguous Marsfontein project.

Harmony confirms Kusasalethu fatality

Dual-listed Harmony Gold Mining Company on Monday confirmed that an employee had lost his life on Friday evening, following a scraper winch-related incident at the Kusasalethu mine, near Carletonville. “Our sincere condolences go out to our colleague’s family, friends and fellow workers. We will reinforce – across our operations – the key elements of our safety journey: leadership, application of our risk management approach and attainment of a proactive safety culture,” Harmony CEO Peter Steenkamp assured stakeholders.

Goldplat swings to operating profit

Gold producer Goldplat on Monday reported a return to an operating profit of £2.21-million for the six months ended December 31, compared with an operating loss in the six months ended December 31, 2018.   According to the group’s interim results for the period, profit, excluding unrealised intragroup foreign exchange losses on intercompany loan balances, was £1.03-million. 

Gemfields’ first emerald auction of 2020 hampered by coronavirus

While the results of an auction of predominantly commercial-quality rough emeralds held in Lusaka, Zambia, from February 18 to 21, had been in line prior auctions of commercial-quality emeralds, and demonstrate a stable underlying market, there was evident fallout of Covid-19, or the coronavirus, which dampened what might otherwise have been a buoyant result, Gemfields product and sales MD Adrian Banks said on Monday. “Firstly, the uncertainty surrounding Chinese consumer demand in the wake of Covid-19 has understandably created negative sentiment in the midstream market. “Secondly, a handful of our key auction customers did not travel to Lusaka as a result of the increased risk associated with Covid-19 and, thirdly, the Hong Kong market – important for both gemstones and jewellery – has had to endure multiple successive misfortunes,” Banks pointed out. The emeralds were extracted by Kagem Mining, in which Gemfields holds a 75% interest and the Industrial Development Corporation of Zambia 25%.

Mining companies in danger of perceived ‘SDG-washing’ – report

Many of the world's largest mining companies risk the perception that they are “sustainable development goal- (SDG-) washing” through selective reporting of their impacts on these universal goals, the ‘Responsible Mining Index (RMI) Report 2020’ reveals. The report was released on Monday by independent research organisation, the Responsible Mining Foundation (RMF).The report states that companies often highlight in their sustainability reports the positive contributions they make toward achieving the United Nations (UN) SDGs, while generally omitting any mention of negative impacts that would impede achievement of the SDGs.

Lucara’s strong 2019 performance positions company for further growth

Vancouver-headquartered Lucara Diamond Corp achieved strong operating results for the year ended December 31, a reflection of the company’s continued focus on safe, reliable operations, president and CEO Eira Thomas said in a statement. She indicated that the company’s strategy had yielded increased productivity at lower costs and provided a solid foundation to support Lucara’s next stage of growth – an underground expansion at the Karowe mine, in Botswana, which has the potential to extend its mine life to 2040.

High gold prices underpin AngloGold’s financial performance

JSE-, ASX- and NYSE-listed AngloGold Ashanti nearly doubled its free cash flow to $127-million for the financial year ended December 31, as  well as increased its dividend as a higher gold price and improved efficiencies helped ensure exceptional performances at a number of its key mines. AngloGold’s safety performance was also the best on record, with a fatality-free 2019, the first time in its history.

Wits DigiMine to host digital mining technology seminar in April

The Wits Mining Institutes’ (WMI’s) Digital Mining Laboratory, DigiMine, will host a seminar on digital mining technology from April 7 to 9 at the University of the Witwatersrand Club. The seminar is expected to shed light on digital technology trends within the mining industry and will be headlined by a keynote address by precious metals miner Sibanye-Stillwater CEO Neal Froneman.