Page 28 - Mining Weekly News Today

New coal mining company Thungela Resources said on Friday that it remained confident that the Transnet Freight Rail (TFR) challenge is transient. Similar to the rest of the coal-mining industry, Thungela has faced a sustained period of underperformance by TFR.

South Africa looks a lot like the global gold mining industry in that it has not encouraged reinvestment in its mining industry’s future, says Barrick Gold president and CE Dr Mark Bristow. "In fact, if anything, South Africa has harvested what it received back in 1994," adds Bristow, a hugely successful discovery-and-development protagonist, who was asked by Mining Weekly to provide guidance on how South Africa should go about attracting investment in exploration.

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Price hotness is pervading the commodities market, CRU senior analyst Clare Hanna said on Tuesday, when she addressed the second and final day of the Junior Indaba. Speaking on ‘what’s hot and what’s not’, Hanna said almost all commodities were at the higher-than-15% level. (Also watch attached Creamer Media video.)

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The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes positively to the economy by being a catalyst for economic growth.

Harmony CEO Peter Steenkamp, who was elected a Minerals Council South Africa VP on Wednesday, braved Thursday’s early morning chill to receive his Covid-19 vaccination at the Medscheme Health Facility in Florida, Roodepoort. Steenkamp, 62, qualified to do so in terms of the Department of Health’s second phase of the vaccine roll-out programme, which has prioritised senior citizens over the age of 60 and essential health workers to receive the vaccine.