Tuesday, December 13, 2022

Underground mining at Anglo Platinum’s Mogalakwena targeted to start end 2024

Underground mining at Anglo Platinum’s Mogalakwena targeted to start end 2024: The first potential underground mining at Anglo American Platinum’s opencast Mogalakwena platinum group metals (PGM) mine in Limpopo is targeted to start towards the end of 2024 and build up slowly to a full underground unit by the end of the decade. “We’re nearing the end of phase one of the decline development, which will start to give us the access to the underground drilling,” Anglo Platinum CEO Natascha Viljoen disclosed in response to Mining Weekly during an investor day media call.
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Thursday, December 8, 2022

Gold demand to continue benefitting from high inflation in 2023

Gold demand to continue benefitting from high inflation in 2023: The interplay between inflation and central bank intervention will be key in determining the outlook for gold in 2023, says World Gold Council (WGC) in its latest ‘Gold Outlook’ report. The council says that, with the global economy having been hit by various shocks over the past year, central banks have stepped up their aggressive fight against inflation.

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