Nornickel to double covid-19 spending to almost $280m

Don’t listen to what miners say. Look at what they do.

Don’t listen to what miners say. Look at what they do.

The expansion will double the capacity of the mine and mill to 12,000 t/d from 6,000 t/d.

It all started so well in 2018.

But short term pain will persist.

The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.

Parity with gold is fundamentally justified the market has been in sustained deficit and the effects of that are being borne out,” said Marcus Garvey, analyst at ICBC Standard bank

Chief Executive Officer Nicolaas Muller said Implats could return to profit by around 2020 by shutting older shafts at its Rustenburg mining complex.

The South African miner is kicking off this week its Far West gold recoveries project in Gauteng with the pumping of reclaimed tailings into the carbon-in-leach circuit, just four months into construction of the first phase.