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September 18, 2020

Coronavirus company news summary – Mining at heart of SA recovery plan – New I-CAT system delayed by Covid-19 – First Quantum exceeds production targets

By Matthew Hall

18 September

South Africa is reportedly seeking to rejuvenate its mining industry to help counter the economic fallout resulting from coronavirus-related lockdowns that had been imposed to curb the spread of the disease. According to Bloomberg,  the mining sector once formed the “bedrock” of Africa’s most-industrialised economy. In order to rebuild investor confidence, the South African government has now identified mining revival as a major part of an economic recovery plan agreed by the government and labour representatives.

The director of environmental management firm I-CAT, Lourens Jansen van Rensburg, said that the company intended to launch a new dust suppression system earlier this year but there were many delays due to the Covid-19 pandemic. Jansen van Rensburg added that the outbreak gave rise to stringent health and safety measures at mines, placing more importance on the need for dust management. I-CAT provides a wide range of dust suppression solutions designed for various mining operations.

Canadian mining and metals company First Quantum Minerals said it exceeded its production targets for July and August despite the challenges resulting from the Covid-19 pandemic. The company attributed this strong production performance to consistent milling rates in August.

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