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Platreef weighted basket price reaches three-year high – Ivanhoe

By: Nadine James     19th February 2019 Ivanhoe Mines co-chairpersons Robert Friedland and Yufeng Sun, as well as Ivanplats MD Dr Patricia Makhesha, on Monday announced that the weighted basket price of the metals contained in the Platreef palladium/platinum/rhodium/nickel/copper/gold project has risen to a new, three-year high.... 

Gold Fields revamps Granny Smith circuits

By: Esmarie Iannucci     5th February 2019 Gold miner Gold Fields will install one of the world’s largest renewable energy microgids at its Granny Smith gold mine, in Western Australia. The miner on Tuesday said that more than 20 000 solar panels and a 2MW/1MWh battery system would be installed at the mine, with the grid to be... 

Invest in clean technology to counter the siege on the coal industry, Mantashe implores 

By: Kim Cloete     31st January 2019 The coal industry needs to counter the negative attitude towards the industry by investing in clean coal technology and funding research initiatives to find alternative markets for coal, says Mineral Resources Minister Gwede Mantashe. He told delegates at the opening of the fourteenth annual... 

World Bank says Eskom debt restructuring should be coupled to power market reform  

By: Terence Creamer     23rd January 2019 World Bank country director Paul Noumba Um believes the South African government is moving in the “right direction” by pursuing discussions on possible debt relief for Eskom in conjunction with plans for restructuring the utility and overhauling the architecture of domestic power market. He also... 

Goldcorp names #DisruptMining semi-finalists

By: Creamer Media Reporter      18th January 2019 The six semi-finalists for #DisruptMining 2019 and the five 'sharks' who will judge the live finale of Goldcorp's yearly innovation challenge have been named. 

Hydrogen leap needed to aid platinum’s future 

By: Martin Creamer     11th January 2019 A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using... 

Indian power companies need to secure more own coal mines – Minister

By: Ajoy K Das     24th October 2018 India’s Power Ministry has directed thermal power companies to be more aggressive in securing their own coal assets and to reduce dependence on Coal India Limited, as these power plants will continue to be the country’s source of base electricity and will continue to suffer a shortage of dry fuel... 

South Africa’s mining sector headed for muted growth

By: Natasha Odendaal     19th October 2018 South Africa’s new economic stimulus and recovery plan is unlikely to revive growth in the country's bleak mining sector, Fitch Solutions’ latest Industry Trend Analysis shows. Despite a R400-billion infrastructure fund pledge and renewed mining regulatory clarity to restore investor confidence,... 

Platreef Shaft 1 intersects Flatreef deposit at 780 m below surface

By: Creamer Media Reporter      10th October 2018 Shaft 1 at Ivanplats’ Platreef project has reached the top of the high-grade Flatreef deposit at 780.2 m below surface. This is the first time that the Platreef – a strongly mineralised, polymetallic belt that extends northward from the town of Mokopane for more than 30 km – has been intercepted... 

Climate crisis spurs UN call for $2.4tn fossil fuel shift  

By: Bloomberg     8th October 2018 The world must invest $2.4-trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations. Their report published Monday adds pressure on... 

Battery boom spurs quest to resurrect World War II cobalt mines

By: Bloomberg     15th August 2018 The giant rocky outcrop known by locals as La Cobaltera offers a glimpse into northern Chile’s mining past, and a hint of its future. Slag from an ancient furnace is piled at the entrance of a mine shaft that hasn’t seen commercial activity since World War II. Inside, eucalyptus posts still... 

Lack of investment stymies SA coal producers

By: Nadine James     27th July 2018 A lack of investment is hindering the South African coal industry’s ability to capitalise on a period of relatively stable demand for thermal and metallurgical coal locally and abroad, says XMP Consulting senior coal analyst Xavier Prevost. The local coal industry is experiencing a challenging... 

Lack of investment stymies SA coal producers

By: Nadine James     27th July 2018 A lack of investment is hindering the South African coal industry’s ability to capitalise on a period of relatively stable demand for thermal and metallurgical coal locally and abroad, says XMP Consulting senior coal analyst Xavier Prevost. The local coal industry is experiencing a challenging... 

Mining can be a major driver of development in poor countries – ICMM

By: Marleny Arnoldi     10th July 2018 The lives of people living in countries whose economies are dependent on mining have, on average, improved faster than those of people in other countries over the past 20 years, a report by the International Council of Mining and Metals (ICMM) has found.  

Coal is being squeezed out of power by cheap renewables

By: Bloomberg     21st June 2018 Coal will be increasingly squeezed out of the power generation market over the next three decades as the cost of renewables plunges and technology improves the flexibility of grids globally. That’s the conclusion of a report by Bloomberg New Energy Finance, which estimated some $11.5-trillion of... 

Coal sector remains dynamic despite renewables push

By: Natasha Odendaal     8th June 2018 The coal sector is expected to remain “quite dynamic” over the next ten years, with a forecast of eventual rising prices, despite a slowdown in production, a negative image and a strong push to clean energy, a new report by BMI Research shows. Unpacking the global trends in coking and thermal... 

Big investors urge G7 to step up climate action, shift from coal

By: Reuters     4th June 2018 Institutional investors with $26-trillion in assets under management called on Group of Seven leaders on Monday to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington. Government plans to cut greenhouse gas emissions were too weak... 

MGX looking forward to booking first revenue by Oct as commercial petrolithium plants deploy

By: Henry Lazenby     28th April 2018 Budding energy metals producer MGX Minerals is looking forward to generating its first revenues later this year as the first commercial petrolithium extraction systems deploy to sites in Utah and Alberta. “It’s a liability until it becomes an asset,” president and CEO Jared Lazerson says of the... 

US Congressional action underscores strong desire to establish domestic REE supply chains

By: Henry Lazenby     19th March 2018 Recent US Congressional actions point to a strong desire to establish domestic rare earth element (REE) supply chains, as the industry seeks to diversify away from dominant producer and consumer – China. Congress continues to work on the development of REE separation technologies, as evidenced by... 

Coal remains a main source of energy in Africa

By: Donald Makhafola     16th March 2018 Coal will maintain its status as a robust, baseload energy source for the foreseeable future in Africa,  says South Africa-based diversified resources company Exxaro coal operations executive head Dr Nombasa Tsengwa, who tells Mining Weekly that coal is cheap and that more than 1 600 coal-fired... 

NUM welcomes delay in signing of agreements with IPPs

By: Marleny Arnoldi     14th March 2018 The National Union of Mineworkers (NUM) on Wednesday welcomed government’s decision, on Tuesday, to hold off on the signing of power purchase agreements with 27 independent power producers (IPPs).  

Coal miner in China's Shanxi aims to boost 2018 coalbed gas output by 25%

By: Reuters     9th March 2018 Shanxi province's state-run coal mining business plans to increase coalbed methane (CBM) output by a quarter this year, an official told Reuters on Friday, as China's second-largest coal-producing region looks to boost clean fuel output. That comes in the wake of a push by Beijing to crack down... 

Stability, sustainability needed for mining growth

By: Jessica Oosthuizen     2nd March 2018 South Africa needs stability, continuity and fairness in the mining industry, says engineering consultant WSP Africa transport and infrastructure division MD Dr Terence Milne, who tells Mining Weekly that presenters at the Investing in African Mining Indaba highlighted “political stability, fair... 

Sustainability raising the bar in mining industry

By: Jessica Oosthuizen     2nd March 2018 Mining companies are taking an increasingly leading role in improving sustainability across the industry, and a proactive approach towards ensuring long-term sustainability, says engineering, procurement and construction services provider Black & Veatch chief technical officer Dennis Gibson.... 

PDAC honours industry leaders

By: Donald Makhafola     16th February 2018 The largest challenge facing the mining industry globally is the disconnect between investors' timeframes and the timeframe to discover and develop mining projects, says exploration and development company NexGen Energy, the winner of nonprofit organisation the Prospectors and Developers... 

China's Dec coal output hits 2-year record over firm demand in winter

By: Reuters     18th January 2018 China's December coal output rose from November to hit its highest level since December 2015, as miners boosted output to meet increasing demand after Beijing softened winter coal burning restrictions in northern homes due to gas shortages. The world's biggest coal miner produced 314.87-million... 

Australia’s Vimy maintains positive view on uranium

By: Mariaan Webb     16th January 2018 Perth-based uranium mining hopeful Vimy Resources is maintaining a positive view on the uranium market and will “actively and energetically” engage in contract negotiations this year, to underpin financing for a new mine in the Great Victoria desert of Western Australia. The company, which is... 

TNG commissions EMC to assess alternative power for mine

By: Megan van Wyngaardt     21st December 2017 Australian strategic metals company TNG has commissioned Energy Made Clean (EMC), a wholly-owned subsidiary of Carnegie Clean Energy, to assess alternative power options for its flagship Mount Peak vanadium-titanium-iron project, in the Northern Territory. EMC will conduct an alternative power... 

Biggest Australian business lender to stop new coal mine funding

By: Bloomberg     14th December 2017 National Australia Bank (NAB) pledged to stop funding new thermal coal mine developments and boost lending to renewable energy projects as part of global efforts to tackle climate change. “While we will continue to support our existing customers across the mining and energy sectors, including... 

Supply of coalbed methane being investigated

27th October 2017 Independent clean energy company NuEnergy Gas has signed a memorandum of understanding (MoU) with Pertamina Gas to investigate the supply of coalbed methane (CBM) from its Tanjung Enim production sharing contract (PSC) for distribution to Pertamina Gas consumers in Sumatra, in western Indonesia.... 

Oaktree's Molycorp legacy firm is said to weigh IPO, sale

By: Bloomberg     27th September 2017 Advanced materials producer Neo Performance Materials, carved from the remains of bankrupt Molycorp, is weighing an initial public offering (IPO) or an outright sale, according to people familiar with the matter. Neo Performance, backed by investment firm Oaktree Capital Group, has not... 

EU power generators warn plan to cut use of coal may backfire

By: Bloomberg     26th September 2017 A group representing power generators across the European Union warned that the bloc’s plans to limit the use of coal may backfire, encouraging utilities to seek returns on new fossil-fuel plants instead of putting money into clean energy. European Commission is considering a law that would... 

Chinese illegal mining crackdown lifts dysprosium price

By: Mariaan Webb     10th August 2017 A crackdown on illegal mining in China is good news for the Australia’s Northern Minerals, which is developing the first hardrock dysprosium operation outside of China. The developer of the Browns Range pilot plant project, in northern Western Australia, said on Thursday that the price of... 

Demand growth for some metals may exceed 1 000% – World Bank

By: Martin Creamer     18th July 2017 A new World Bank report highlights the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals, including Southern Africa's platinum, manganese and chrome. Using wind and solar energy, and energy storage batteries, as... 

Elon Musk exposes deep coal divide in energy-hit Australia

By: Bloomberg     14th July 2017 Elon Musk’s intervention in Australia’s energy crisis is widening a divide over the future of coal. The billionaire Tesla Inc. founder, who has promised to help solve an Australian state’s clean energy obstacles, sees no place for the fossil fuel. That conflicts with the national government’s... 

Zambian mine in first-of-a-kind tailings dump site rehab, hopes to eventually produce biodiesel

By: Mia Breytenbach     21st April 2017 Zambia’s largest integrated copper producer, Konkola Copper Mines (KCM), owned by global conglomerate Vedanta Resources, has launched the first project of its kind in Zambia to rehabilitate a mining site. The project, launched earlier this month, aims to cultivate elite Pongamia Pinnata trees for... 

Alphamin appoints Swanepoel, Baloyi to board; starts mine boxcut construction

By: Megan van Wyngaardt     20th April 2017 TSX-listed Alphamin Resources, which is developing the Bisie tin project, in the Democratic Republic of Congo, has appointed Bernard Swanepoel and Paul Baloyi to its board. Swanepoel currently also serves on the boards of miners Impala Platinum, Zimplats, eXtract Limited, African Rainbow Minerals... 

South Aus Energy Minister decries PM’s comments on renewables, coal 

By: Esmarie Iannucci     3rd February 2017 South Australia’s state Energy Minister Tom Koutsantonis has lashed out at Prime Minister Malcolm Turnbull’s clean coal aspirations, saying his statements have no basis in reality. Turnbull earlier this week advocated the use of clean coal technology in Australia, saying the current... 

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