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Sam Molefi clinches promising contract for his impressive mining business 

By: Martin Creamer     Updated 48 minutes ago Modi Mining is a 100% black South African-owned company founded and owned by mining engineer and entrepreneur Samuel Molefi and entrepreneur Christina Motlapele Molefi. The company was established with the sole objective of rendering differentiated contract mining services and to be a supplier of... 

Modi Mining MD Sam Molefi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Early copper/zinc production investigations under way at Orion’s Prieska  

By: Martin Creamer     20th January 2022 The executive team of Orion Minerals is re-evaluating the development schedule of the Prieska copper-zinc project to assess the potential for its fast-tracking. Also flagged is the opportunity to extract pillars left by historic mining. 

Orion CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video Editing: Darlene Creamer

Eskom seeks to show prudency of running diesel plants as its pegs cost of load-shedding at R9.53/kWh

By: Terence Creamer     20th January 2022 State-owned electricity producer Eskom sought to demonstrate the economic prudency of running the diesel-fuelled open-cycle gas turbines (OCGTs) harder to mitigate load-shedding during the fourth day of National Energy Regulator of South Africa (Nersa) public hearings into its latest allowable... 

Photo of a power line

Sibanye restarts some safety-affected operations but records another fatality 

By: Darren Parker     20th January 2022 Mineral resources group Sibanye-Stillwater has restarted some of its operations following safety-related interventions and stoppages that were announced on December 15, the company said in a statement on January 20. Despite these interventions, however, another mineworker has died. A locomotive... 

A photo of Driefontein's 2 Shaft at sunset
Photo by Bloomberg
A fatality occurred at 2 Shaft at Driefontein gold mine

Metals rally heats up as nickel hits $24 000 on supply snarls

By: Bloomberg     20th January 2022 Base metals are heating up yet again, with nickel reaching $24 000 a ton for the first time in more than a decade and tin notching up a fresh record on supply snarls and China’s monetary easing. Metals supplies are dwindling amid the global recovery from the pandemic with all the main London... 

Huge explosion in Ghana mining region kills residents, fells buildings

By: Reuters     Updated 3 hours ago An explosion in Ghana's rural Western Region on Thursday razed hundreds of buildings and killed an unknown number of residents when a truck carrying explosives to a gold mine collided with a motorcycle. Unverified videos posted on local media showed a large, smouldering blast site in which... 

BHP shareholders back unification

By: Esmarie Iannucci     Updated 5 hours ago The shareholders of diversified miner BHP have voted in favour of a corporate restructure to unify the company under its existing Australian parent company. BHP currently operates under a dual-listed company (DLC) corporate structure, which was established at the time of the BHP and Billiton... 

RioZim plans to list on dollar-only Zimbabwe exchange

By: Bloomberg     Updated 3 hours ago RioZim is weighing a listing on Zimbabwe’s Victoria Falls Stock Exchange, where trading is denominated in foreign currency, according to people familiar with the matter. The nickel, gold and diamonds producer is “seriously considering all options available to it under the legal framework of the... 

Specialised services winners announced for Angola diamond exchange

By: Darren Parker     20th January 2022 Angola’s national diamond trading company Sodiam has completed the process of evaluating expressions of interest from both Angolan and international companies for the provision of specialised services, including diamond boiling and diamond tenders – services deemed important for the future... 

SWS, Hillside Aluminium, Aus investment make headlines   

Updated 2 hours 26 minutes ago Mining Weekly Editor Martin Creamer unpacks huge advantages in South Africa modifying its Integrated Resource Plan to focus its energy effort exclusively solar, wind and storage; Hillside Aluminium which could go green by 2030; and Australian investment in Orion’s Prieska as well as in West Wits... 

SWS, Hillside Aluminium, Aus investment make headlines

PIC increases shareholding in Afrimat to 15.55%

By: Donna Slater     Updated 5 minutes ago Following a disposal of shares by UBI General Partner, in its capacity as general partner of the African Rainbow Capital Fund, the Public Investment Corporation (PIC) has bought additional shares in building materials, industrial minerals and bulk commodities company Afrimat. The PIC now holds a... 

Talon to raise cash for Minnesota nickel project

By: Mariaan Webb     Updated 1 hour 22 minutes ago TSX-listed base metals company Talon Metals has announced a C$27.5-million bought-deal public offering and a concurrent private placement to advance its Tamarack nickel project, in the US. A syndicate of underwriters, led by TD Securities, has agreed to purchase 38.2-million shares on a... 

Teck uses blockchain to trace germanium from mine to customer

By: Creamer Media Reporter      Updated 1 hour 35 minutes ago Diversified miner Teck Resources has partnered with DLT Labs to use blockchain technology to trace responsibly-produced germanium from the mine to the customer – the first such use of blockchain to trace the critical mineral. Teck is North America’s biggest producer of germanium, a critical... 

Fortescue warns shut Western Australia borders may worsen labour shortage

By: Reuters     Updated 2 hours 17 minutes ago The CEO of Australia's Fortescue Metals Group Ltd warned on Friday that a delay by the state of Western Australia in reopening its borders may worsen a labour shortage currently affecting the mining sector. The country's largest state, home to the resource-rich Pilbara region, cancelled plans to... 

Silver Lake wins Harte Gold

By: Esmarie Iannucci     Updated 2 hours 19 minutes ago Gold miner Silver Lake Resources has won the bid for TSX-listed gold miner Harte Gold. Silver Lake in November acquired credit facilities provided by BNP Paribas to Harte Gold, comprising a $41.3-million non-revolving term facility and a $22-million revolving facility, each of which has been... 

An image of Harte Gold's operations in Canada
Harte Gold's Sugar Zone gold operations in Ontario, Canada

Alcoa warns Russia-Ukraine conflict could hit aluminium supply

By: Bloomberg     Updated 2 hours 36 minutes ago Alcoa, the largest US aluminum producer, warned investors Wednesday that any conflict between Russia and Ukraine could have an impact on the global market for the metal. CEO Roy Harvey said any kind of aggression could have an impact to supply coming out of Russia, the world’s second-largest... 

Fertiliser giant Nutrien may be a target for BHP, analyst says

By: Bloomberg     Updated 2 hours 39 minutes ago The world’s top fertiliser producer could be a takeover target for BHP Group after a “peculiar” CEO change earlier this month, according to research from Gordon Haskett. The surprise exit of Nutrien CEO Mayo Schmidt to start the year after only eight months on the job suggests the company is... 

Fortescue looks at Sinosteel's Midwest and Oakajee projects

By: Esmarie Iannucci     Updated 2 hours 59 minutes ago Iron-ore major Fortescue Metals has inked a binding memorandum of understanding (MoU) with major Sinosteel to complete a rapid assessment of that company’s Midwest magnetite project. The assessment will include a rail and port development at Oakajee, Fortescue said on Friday. 

Copper majors are taking another look at Argentina, McEwen says

By: Bloomberg     Updated 3 hours ago Vast deposits and more welcoming policies have turned Argentina into a lithium hot-spot in recent years. Now the global copper industry is taking another look at the South American nation. That’s the view of Rob McEwen, whose namesake company is drilling a property in San Juan province near the... 

A photo of Robert McEwen
Robert McEwen

Rio Tinto shares slump as Serbia pulls plug on its $2.4bn lithium project

By: Reuters     Updated 3 hours ago Shares in Rio Tinto tumbled on Friday after Serbia revoked its lithium exploration licences over environmental concerns, hurting the Anglo-Australian miner's ambition to become Europe's largest supplier of the metal used in electric vehicles. The decision by Serbia comes as it approaches a... 

Rio Tinto shares slump as Serbia pulls plug on its $2.4bn lithium project

Jogmec signs contribution deal with Victoria's CarbonNet

By: Esmarie Iannucci     Updated 3 hours ago The Victorian government this week inked a contribution agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) which will see the resources company provide funding support to the government’s CarbonNet project. The CarbonNet project will underpin commercial hydrogen production by... 

Amec calls for changes to WA border policy

By: Esmarie Iannucci     Updated 3 hours ago The Association of Mining and Exploration Companies (Amec) has called on the Western Australian government to develop a plan for reopening the state’s hard borders, after Premier Mark McGowan announced that the opening would be delayed from the February 5 target. While not giving a firm date on... 

Norseman's iron-ore potentail draws interest

By: Esmarie Iannucci     Updated 4 hours ago Junior Tulla Resources on Friday announced a heads of agreement (HoA) with Australia’s Koch Metals over a potential iron-ore offtake agreement at the Norseman project, in Western Australia. Tulla Resources subsidiary Central Norseman Gold Corporation and Pangolin Resources own all of the iron-ore... 

Hot Chili in talks for port access

By: Esmarie Iannucci     Updated 4 hours ago Copper developer Hot Chili has started port access negotiations, marking the final critical infrastructure item required for the development of the Costa Fuego copper development hub in Chile. The company on Friday announced that it has executed a letter of intent (LoI) with Puerto Las Losas SA... 

Centaurus raises A$75m for Jaguar development

By: Esmarie Iannucci     Updated 4 hours ago ASX-listed Centaurus Metals will raise A$75-million in a share placement to institutional investors to drive the continued development of its owned Jaguar nickel sulphide project in northern Brazil. The company on Friday announced that it would issue more than 64.6-million shares, at a price of... 

Australia poised for hydrogen world-first

By: Esmarie Iannucci     Updated 5 hours ago The Hydrogen Energy Supply Chain (HESC) pilot project, in Victoria, will start hydrogen shipments to Japan shortly, marking the world’s first shipment of liquefied hydrogen. HESC’s vision is to produce carbon neutral hydrogen through extraction from a mix of Latrobe Valley coal and biomass,... 

Image shows Prime Minister Scott Morrison
Photo by Bloomberg
Prime Minister Scott Morrison

Magazine round up | 21 January 2022 

21st January 2022 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 21 January 2022

Kore Potash nears financing proposal for flagship Kola project

By: Marleny Arnoldi     20th January 2022 UK-headquartered Kore Potash expects to finalise an optimisation study report, and an engineering, procurement and construction (EPC) contract proposal for the Kola potash project, in Congo-Brazzaville, before the end of this quarter. Sixty days after the completion of the optimisation study,... 

Renewable alternatives critical to support Mpumalanga’s decarbonisation drive  

By: Tasneem Bulbulia     20th January 2022 The transformation and decarbonisation of the South African energy system is gathering momentum; however, a regional plan is required for the coal mining region of Mpumalanga, to prevent considerable economic and socioeconomic losses and ensure a just transition, and a push for renewable energy... 

New board advances uranium project with renewed vigour

By: Darren Parker     20th January 2022 A newly appointed board of directors is advancing Australian mineral resources company Aura Energy’s Tiris uranium project, in Mauritania, with gusto. The new board was appointed in December, with members strategically chosen to focus on production. In a statement on January 20, chairperson Phil... 

Altus, Marvel Gold sign amended JV agreement

By: Creamer Media Reporter      20th January 2022 Aim-, TSX-V- and OTCQX-listed Altus Strategies has entered into an amended joint venture (JV) and earn-in agreement with ASX-listed Marvel Gold. The companies had initially entered into a JV agreement in June 2020. 

Caledonia COO appointed director

By: Creamer Media Reporter      20th January 2022 Gold miner Caledonia mining, which operates the Blanket mine, in Zimbabwe, has appointed Dana Roets as director, with immediate effect. Dana has been the COO of Caledonia since 2013 and will continue in this role following his appointment to the board. 

Large and rare black diamond on auction

By: Marleny Arnoldi     20th January 2022 The government of Dubai on January 18 hosted an exclusive public viewing of an extremely rare black diamond called “The Enigma” at the Dubai Diamond Exchange. The diamond has never before been exhibited.  

The Enigma 555.5 ct black carbonado diamond
The Enigma 555.5 ct black carbonado diamond

Case against 87 suspected Orkney 'zama zamas' charged in deadly shootout transferred to regional court

By: News24Wire      20th January 2022 The case against 87 suspected illegal miners arrested after a deadly shootout with police in Orkney in October has been transferred from the Orkney Magistrate's Court to the Regional Court in Stilfontein, North West. The accused were arrested in Orkney following a shootout with law enforcement... 

Successful trials culminate in Tirupati adopting own column flotation system at Vatomina 

By: Donna Slater     20th January 2022 Following successful trials, specialist graphite and graphene company Tirupati Graphite will ship the first commercial-scale column flotation system (CFS) for installation and operation at its 9 000 t/y Vatomina graphite production plant in Madagascar. In July 2021, the Tirupati Graphene &... 

Imperial surrenders Giant Copper claims in BC

By: Creamer Media Reporter      20th January 2022 ancouver-based explorer Imperial Metals has reached an agreement with British Columbia to surrender the Giant Copper mineral claims, which are surrounded by two parks. The claims, which Imperial has held since April 1988, host two mineral deposits containing copper, silver and gold and a... 

CreditSights sceptical on 'transformational' deal for BHP

By: Esmarie Iannucci     20th January 2022 Investment researcher CreditSights has questioned reports that mining major BHP is gearing up for a ‘transformational merger and acquisition (M&A)’ deal. News outlet Bloomberg earlier this week reported that BHP was beefing up its deal-making team, and was looking at pursuing a transformational... 

An image of the BHP logo

US needs to develop its own copper resources, says Pebble owner

By: Mariaan Webb     20th January 2022 Northern Dynasty, the owner of the contentious Pebble copper/gold mine, in south-west Alaska, says that the US must develop its own copper resources to ensure a successful energy transition to a zero-carbon economy. Citing forecasts from major banks about a looming deficit and higher copper... 

An image of studies under way at the Pebble project area in south-west Alaska

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Sam Molefi clinches promising contract for his impressive mining business

SWS, Hillside Aluminium, Aus investment make headlines

Magazine round up | 21 January 2022

Early copper/zinc production investigations under way at Orion’s Prieska

Hillside Aluminium could get green $0.03c/kWh lifeline by 2030 – Mallinson

Early income bonanza for funded Witwatersrand gold mining reviver

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Green ammonia, FDI, SA's COP26 funds

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