Although driving youth participation and innovation in the mining industry is crucial, the advent of Industry 4.0 in the mining industry (Mining 4.0) often makes it challenging, as the youth perceives the industry as less attractive, compared with other mainstream career fields. Mining simulation centre SiMINE consultant Connie Chijara – a recent graduate – tells […]

JOHANNESBURG (miningweekly.com) – Gold mining company Gold Fields on Thursday reported that its South Deep gold mine in western Gauteng had commenced a staged incremental ramp-up plan, which included recalling employees, making the mine safe and implementing Covid-19 standard operating procedures. The initial plan would be to operate at employment levels of 50%, with employment […]

JOHANNESBURG (miningweekly.com) – The Department of Mineral Resources and Energy (DMRE) on Thursday issued a firm directive to all mining operations to ensure safe startup procedures as the sector prepares to ramp up to 50% of capacity. Mining Weekly can report that the directive is issued to ensure compliance with Section 5(1) of the Mine […]

The World Gold Council (WGC) says the benefits of certain portfolio hedges “came into clear focus” during the 2008/9 financial crisis, the subsequent European sovereign debt crisis, the 2018 December stock market pullback and the most recent Covid-19 pandemic. According to the council, “many tail hedges work well during crises”, if timed properly, but are […]

As the world struggles to get COVID-19 infections under control, it is becoming clear that the impact of the pandemic will be far reaching. Many countries have rolled out stimulus packages to cushion their economies and citizens from the blow that is already showing significant casualties in lives, jobs and business viability. This upset will […]