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North America News

Mexico to resume search for miners killed in 2006 blast

By: Reuters     Updated 39 minutes ago The Mexican government will resume a search for the bodies of dozens of coal miners killed in a blast more than a decade ago, after mining firm Grupo Mexico returned the concession for the site to the government, officials said on Wednesday. Speaking on the 14th anniversary of the blast, Labor... 

Newmont invests $150m in ‘world-first’ autonomous fleet at Boddington

By: Creamer Media Reporter      Updated 49 minutes ago The board of NYSE- and TSX-listed Newmont has approved a $150-million autonomous haulage system (AHS) investment for the Boddington mine, which will turn the Australian mine into the world’s first openpit gold mine to operate a fleet of autonomous haul trucks. Announcing the investment on... 

Newmont invests $150m in ‘world-first’ autonomous fleet at Boddington
The fleet of autonomous CAT 793F mining trucks will be fully operational in 2021 at Newmont’s Boddington mine in Australia and will be the first autonomous haulage system in an openpit gold mine in the world.

Bill Gates-led fund invests in making lithium mining more sustainable

By: Bloomberg     Updated 54 minutes ago Breakthrough Energy Ventures, helmed by Bill Gates, and MIT’s The Engine fund are leading an investment round of $20-million for Lilac Solutions, a US startup aimed at making the extraction of lithium less water-intensive and more sustainable. As the world looks to cut carbon emissions, people... 

Anglo delivers $3.5bn profit, declares final dividend

By: Martin Creamer     Updated 55 minutes ago Diversified mining company Anglo American delivered 2019 profit attributable to equity shareholders of $3.5-billion, in line with the prior year. The company, headed by CEO Mark Cutifani, generated underlying earnings of $10-billion, a 9% increase, and $2.3-billion of attributable free cash flow. 

Anglo delivers $3.5bn profit, declares final dividend
Photo by Creamer Media
Anglo American CEO Mark Cutifani

Price-spiking palladium must be substituted with platinum – Sibanye-Stillwater 

By: Martin Creamer     19th February 2020 It is incumbent on the end users to help platinum group metals mining companies to a position where the platinum price will not be destroyed, Sibanye-Stillwater CEO Neal Froneman said on Wednesday. Speaking during the presentation of superlative results, Froneman said the industry could not... 

Price-spiking palladium must be substituted with platinum – Sibanye-Stillwater
Photo by Creamer Media's Donna Slater
Neal Froneman

Very Proudly South African Sibanye-Stillwater set to take on world – Froneman 

By: Martin Creamer     19th February 2020 An upbeat Neal Froneman said on Wednesday that world would see his “very Proudly South African’ precious metals mining company Sibanya-Stillwater take on global companies across the world. Speaking after the relisting of the platinum group metals (PGM) and gold mining company at the Johannesburg... 

Very Proudly South African Sibanye-Stillwater set to take on world – Froneman
Photo by Creamer Media's Donna Slater
JSE CEO Dr Leila Fourie (left) and Sibanye-Stillwater CEO Neal Froneman.

Hydrogen fuel cells the next big disruptive technology – Sibanye-Stillwater  

By: Martin Creamer     19th February 2020 The next big disruptive technology will be hydrogen fuel cell technology, which is platinum rich, Sibanye-Stillwater CEO Neal Froneman said on Wednesday. Speaking ahead of half-year results of a 44% increase in revenue to R73-billion and a R432-million profit for 2019, Froneman stated that this... 

Hydrogen fuel cells the next big disruptive technology – Sibanye-Stillwater
Sibanye-Stillwater CEO Neal Froneman talks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer. Photographs: Donna Slater.

Sibanye-Stillwater delivers phenomenal 260% return – JSE 

By: Martin Creamer     19th February 2020 Top-performing Sibanye-Stillwater delivered a phenomenal return of 260% on the Johannesburg Stock Exchange in 2019, JSE CEO Dr Leila Fourie stated on Wednesday when the company relisted to the accompaniment of a rapid 5.3% early-afternoon soaring of its share price. From a Gold Fields spinoff... 

Sibanye-Stillwater delivers phenomenal 260% return – JSE
Photo by Creamer Media's Donna Slater
Sibanye-Stillwater's ceremony at JSE

Denison upbeat about Phoenix ISR initial core leach tests results

By: Creamer Media Reporter      19th February 2020 Initial data from core leach tests at the Phoenix in-situ recovery (ISR) project has established uranium concentrations that are up to four times the amount assumed in the prefeasibility study (PFS), dual-listed Denison Mines reports. The test work returned concentrations of 13.5 g/l to 39.8... 

China boosts first batch rare-earth mining quota for 2020

By: Bloomberg     19th February 2020 The coronoavirus outbreak isn’t damping appetite for rare-earth minerals in China. The country has increased the first batch of mining quotas for the strategic materials used in everything from electric vehicles to military hardware. The quota for six dominant producers, including China Northern... 

Altus shareholders give go ahead for La Mancha deal

By: Marleny Arnoldi     19th February 2020 Aim- and TSX-V-listed Altus Strategies on Wednesday said its shareholders had approved all resolutions to effect the proposed strategic investment by mining investment group La Mancha Holding in the company. Altus will issue about 124-million new ordinary shares at a price of C$0.09 apiece to... 

Moody’s expanded gold price range allows for flexibility in credit assessments

By: Marleny Arnoldi     19th February 2020 Ratings agency Moody’s has expanded its price sensitivity range for gold, based on supportive factors such as lower-for-longer interest rates and geopolitical uncertainties. Moody’s has increased the higher end of the sensitivity range by $100/oz to $1 400/oz, while the lower end of the range... 

Silvercorp resumes operations at China mines

By: Creamer Media Reporter      19th February 2020 Dual-listed Silvercorp Metals has resumed mining operations at its Ying and CG mines, following an extended holiday period shutdown in line with the Chinese government’s efforts to contain the spread of the coronavirus. Silvercorp’s production was suspended on January 17 for the Chinese New Year... 

Star Diamonds notifies Rio Tinto of noncompliance at Star-Orion

By: Mariaan Webb     19th February 2020 Canadian exploration junior Star Diamond said on Tuesday that it would take all necessary actions to ensure that its interests in the Star-Orion South project, in which Rio Tinto Exploration Canada (RTEC) is earning into, were protected. The company said that RTEC’s purported exercise in... 

First gold pour at Americas' Relief Canyon

By: Mariaan Webb     19th February 2020 The Relief Canyon gold mine, in Nevada, has successfully poured its first gold and has now completed initial construction within its budget of $28-million to $30-million, TSX- and NYSE American-listed Americas Gold and Silver reported on Tuesday. The first gold pour was achieved in nine months... 

Freeport Indonesia aims for August kick-off of construction on new copper smelter

By: Reuters     19th February 2020 Freeport Indonesia, operator of Grasberg, the world's second-biggest copper mine, expects to start construction of a new smelter in August, its chief executive said on Wednesday. Front-end engineering and design for the $3-billion smelter has been concluded and ground preparation is expected to... 

Canada Rare Earth studies location for South American refinery

By: Creamer Media Reporter      19th February 2020 TSX-V-listed Canada Rare Earth has narrowed its search for a location to base its refinery to six regions in South America. The Vancouver-headquartered company, which sources and sells rare earths, says it has launched a study to consider refinery permitting, logistics and government support,... 

Canada Rare Earth studies location for South American refinery

Gold tops $1 600 as virus fuels growth fears

By: Bloomberg     19th February 2020 Gold traded near the highest level since 2013 on concerns over the spread of the new coronavirus and how it’s impacting global growth. Palladium topped $2 700/oz as it continued its record-breaking rally. Bullion steadied after surging 1.3% Tuesday’s as Apple’s warning that the virus and efforts... 

Hudbay to start mining at Pampacancha in late 2020

By: Mariaan Webb     19th February 2020 The community of Chilloroya has formally approved a surface rights agreement with TSX- and NYSE-listed miner Hudbay for the Pampacancha satellite deposit, located near the Constancia mine, in Peru, paving the way for mining to commence from the deposit in late 2020. Announcing the agreement,... 

Hudbay to start mining at Pampacancha in late 2020
Hudbay president and CEO Peter Kukielski

Orocobre buys Canadian JV partner

By: Esmarie Iannucci     19th February 2020 Dual listed lithium miner Orocobre has inked a definitive agreement to acquire TSX-V listed Advantage Lithium Corp. Under the terms of the agreement, Advantage shareholders will receive 0.142 Orocobre shares for every one Advantage share held, valuing the takeover target’s shares at 42c each,... 

Funds raised for Fort Cady project

By: Esmarie Iannucci     19th February 2020 ASX-listed American Pacific has raised A$7.1-million through a share placement to fund construction activities at its Fort Cady borate mine, in Southern California. The company placed more than 17-7-milliion shares, at a pri9ce of 40c each to institutional, profession and sophisticated... 

South Africa’s Astron ‘a nice short to have for the trading business’ – Glencore 

By: Martin Creamer     18th February 2020 Glencore CEO Ivan Glasenberg on Tuesday described his company’s investment in Astron Energy oil refinery and fuel distribution station business in South Africa as “a nice short to have for the trading business”. The Chevron oil refinery in Cape Town and the Caltex brand now fall under Astron... 

Centerra reports fatality at Kumtor

By: Creamer Media Reporter      18th February 2020 The Kumtor mine, in Kyrgyzstan, has suffered a fatality, owner Centerra Gold reported on Tuesday. At the weekend, a Kumtor employee succumbed to a fatal injury while operating an excavator, which tipped and then slipped down into a water-filled basin near the edge of Petrov lake, which is... 

Climate-friendly copper, cobalt, nickel steal limelight as Glencore depletes coal reserve 

By: Martin Creamer     18th February 2020 Climate-friendly energy transition metals, copper, cobalt and nickel, stole the limelight during Glencore’s presentation of 2019 results on Tuesday, when the company revealed that it would be depleting its coal reserves in line with the global move towards a low-carbon economy. Presenting... 

Climate-friendly copper, cobalt, nickel steal limelight as Glencore depletes coal reserve
Photo by Bloomberg
Ivan Glasenberg

Marikana, US assets boost Sibanye's PGM resources, reserves

By: Creamer Media Reporter      18th February 2020 JSE- and NYSE-listed Sibanye-Stillwater's platinum-group metal (PGM) mineral resources have increased by 90% to 389-million ounces, while its PGM mineral reserves have increased by about 20% to 55.10-million ounces. The precious metals miner on Tuesday attributed the increase in its PGM mineral... 

Alderon adds second Chinese partner to Kami mine

By: Mariaan Webb     18th February 2020 Beijing-headquartered diversified group Tunghsu has signed a letter of intent to acquire a 26% to 38% interest in the Kami Mine Limited Partnership (Kami LP) from Alderon Iron Ore for between $15-million and $23-million, the TSX-listed iron-ore company announced on Tuesday. Tunghsu will be the... 

Alderon adds second Chinese partner to Kami mine

Billionaire Sawiris hopes to join Egypt gold rush as rules eased

By: Bloomberg     18th February 2020 One of Egypt’s richest men has long coveted a role in his nation’s gold-mining industry. Now, a shakeup in regulations and a potential auction of new licenses could give Naguib Sawiris a shining opportunity. The Egyptian government “already started talks with us as well as other companies to... 

The top miner’s vision of the future looks a lot like the past

By: Bloomberg     18th February 2020 BHP’s new top executive has a plan to prosper in a world that’s accelerating efforts to cut greenhouse gas emissions – double down on the raw materials that’ve been key through its near 170-year history. The world’s top miner, with roots in a 19th Century tin mine, plans to add more copper and... 

The top miner’s vision of the future looks a lot like the past
BHP CEO Mike Henry

Eastplats achieves first PGM recoveries from tailings project

By: Marleny Arnoldi     18th February 2020 JSE- and TSX-listed Eastern Platinum (Eastplats) has successfully produced platinum group metal (PGM) concentrate from its refurbished small-scale PGM Circuit D – previously called the scavenger plant circuit. The company is using feed from its retreatment project, located at the company’s... 

Eastplats achieves first PGM recoveries from tailings project
Eastern Platinum's Crocodile River Mine

Glencore's lower earnings reflect uncertain trade deal negotiations 

By: Martin Creamer     18th February 2020 The 2019 performance of diversified mining and marketing company Glencore reflected the prolonged and uncertain trade deal negotiations, generally weaker prices for key commodities and some operational challenges experienced at the ramp-up and development of assets, CEO Ivan Glasenberg said on... 

Glencore's lower earnings reflect uncertain trade deal negotiations
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Glencore provides update on its transition to low-carbon economy

By: Martin Creamer     18th February 2020 JOHANNESBURG (miningweekly.com) – Diversified mining and marketing company Glencore on Tuesday published an update on its performance in transitioning towards a low-carbon economy. This follows its climate change position statement of February 2019. 

Glencore provides update on its transition to low-carbon economy
Photo by Bloomberg
Ivan Glasenderg

US mining fatalities fall to all-time low

By: Creamer Media Reporter      18th February 2020 The mining industry in the US reported its fewest ever fatalities in 2019, recording deaths below 30 for only the fifth time in the Mine Safety and Health Administration’s (MSHA’s) 43-year history. Twenty-four people lost their lives in mine accidents last year. There were four deaths each in... 

BHP CEO says company needs more copper, nickel

By: Reuters     18th February 2020 BHP Group will be looking to expand in copper and nickel to position itself well in a world that is decarbonising, new chief executive Mike Henry said on Tuesday. "We need more copper and we need more nickel," Henry told reporters after saying that the company would need to create more options... 

BHP CEO says company needs more copper, nickel
BHP CEO Mike Henry

Rio submits power plans for Oyu Tolgoi

By: Esmarie Iannucci     18th February 2020 Major Rio Tinto has submitted a feasibility study for the Tavan Tolgoi power plant (TTPP) project, to the government of Mongolia, as part of its electricity solution for the Oyu Tolgoi copper project. The TTPP will involve the construction of a 300 MW coal power plant, with Rio on Tuesday... 

BHP reports solid results for interim period

By: Esmarie Iannucci     18th February 2020 Diversified miner BHP has reported a 20% interest in profits after tax and a 7% increase in revenue for the half year ended December. “We delivered a strong set of half-year results, grounded in solid operational performance,” said CEO Mike Henry on Tuesday. 

BHP reports solid results for interim period

Controversial Act reducing investment in US

By: Tracy Hancock     18th February 2020 While the US scores high in terms of its steady economic and political systems, lack of government corruption and currency stability, it has a low ranking for permitting delays, with the necessary government authorisations taking about seven to ten years to secure, says the American Exploration &... 

Controversial Act reducing investment in US
ENVIRONMENTAL ACT ASSESMENT The National Environmental Policy Act is being misused in ways that delay a whole array of desirable projects that create jobs

Colombian coal miner Cerrejon and union extend negotiation period

By: Reuters     17th February 2020 Cerrejon, one of Colombia's main coal producers, and its largest union have extended negotiations which started at the end of January by a further 20 days, the parties said on Monday. Cerrejon, which is equally owned by BHP Group, Anglo American, and Glencore, exported 26.3-million tonnes of... 

Modernisation, digitisation part of next value delivery – Amplats  

By: Martin Creamer     17th February 2020 Top of the list of the four focus areas of platinum group metals (PGM) mining company Anglo American Platinum (Amplats) to drive its next phase of value is operational efficiency. Outlining this at the company’s presentation of record financial and safety achievements, Amplats CEO Chris Griffith... 

Modernisation, digitisation part of next value delivery – Amplats
Mining Weekly’s Martin Creamer on Anglo American Platinum’s results. Video Editing: Nicholas Boyd. Photographs: Donna Slater. Video: Kutlwano Matlala.
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