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With a view to reducing its carbon footprint as well as addressing the uncertainty of the supply and cost of electricity, surface gold mining company DRDGold has taken a decision to construct a solar power plant and a power storage facility at Ergo, the gold from mine waste operation on the East Rand The board of the Johannesburg- and New York-listed company has approved the capital expenditure for the first phase, involving the upgrade of the existing supply line to the Brakpan/Withok tailings storage facility to 88 kVA, the construction of an initial 20 MW photovoltaic plant, and ten po...

Johannesburg has a unique history. If not for mining, there would be no city. The mines, however, did not come to the city, rather the city came to the mines. What resulted was poorly regulated urbanisation and hundreds of thousands of people living in close proximity to former mining infrastructure and mine dumps. (Also watch attached Creamer Media video.)

Gold and copper mining company Barrick has a detailed emission reduction roadmap in place that allows it to be unequivocal about the extent to which it will mitigate against climate change going forward. “We are absolutely clear that we will reduce our greenhouse gas emissions by 30% by 2030 and what makes it different for Barrick is that each one of these projects meet our 15% IRR hurdle at $1 200/oz gold,” Barrick CE Dr Mark Bristow spelt out to Mining Weekly unambiguously in an interview following its publication of another superb set of financial results.

The National Development and Reform Commission "NDRC" asked major coal miners to reduce prices last week, after coal futures surged to their highest level in months

2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of $17.1-billion Ebitda. As a result, net debt of $6-billion is now significantly below the London- and Johannesburg-listed company’s cap of $10-billion, which opened the way for a $4-billion distribution back to shareholders, made up of cash of $3.45-billion and a share buyback of $550-million. (Also w...