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Waterberg nudges toward construction decision

By: Marleny Arnoldi 14th January 2022 After completing a 46-hole drilling programme and having conducted various geophysical surveys in October last year, TSX- and NYSE-listed Platinum Group Metals (PTM) is ready to advance the palladium-dominant Waterberg project to a development and construction decision. The company’s other... →

Photo by Bloomberg
Palladium bar

CCMA issues certificate of nonresolution, Sibanye urges unions to accept its offer

By: Marleny Arnoldi 14th January 2022 The Commission for Conciliation, Mediation and Arbitration (CCMA) has issued a certificate of nonresolution in respect of a gold wage negotiation dispute between JSE-listed Sibanye-Stillwater and labour unions the National Union of Mineworkers, Uasa, Solidarity and the Association of Mineworkers... →

Sibanye-Stillwater's Kloof gold mine

Glencore-Merafe JV building new PGMs production plant at Kroondal

By: Donna Slater 14th January 2022 JSE-listed ferrochrome producer Merafe Resources reports that it and Glencore Operations South Africa have reached an agreement to contribute to the Glencore-Merafe chrome joint venture (JV) a new platinum group metal (PGM) production plant that is currently being built at the Kroondal mine. The... →

DFFE deploys environmental inspectors to investigate KZN mine slurry river pollution

By: Schalk Burger 14th January 2022 The Department of Forestry, Fisheries and the Environment (DFFE) has deployed a team of environmental management inspectors to assist in an investigation into a slurry dam burst in KwaZulu-Natal on December 24, which resulted in tailings material flowing into nearby rivers and onto nearby land.... →

Mantashe says DMRE committed to pursuing energy mix that ensures security of supply

By: Tasneem Bulbulia 14th January 2022 The Department of Mineral Resources and Energy (DMRE) will continue to pursue an energy mix that will ensure security of supply, while remaining cognisant of the country’s international commitments to respond to climate change, Mineral Resources and Energy Minister Gwede Mantashe said during a... →

Trident Royalties generates first cash from gold offtake streams

By: Donna Slater 14th January 2022 Aim-listed mining royalty and streaming company Trident Royalties reports that it has generated its inaugural cash flow under the new gold offtake streams it acquired on January 11. Trident acquired 1 858 oz of gold, which it subsequently sold for a margin of $30.68/oz at a realised gold price... →

Nickel's rally to run out of steam as supplies ramp up

By: Reuters 14th January 2022 Momentum behind the rally that has taken nickel prices to historical highs is expected to recede as supplies of the metal used to make electric vehicle batteries and stainless steel start to ramp up. Nickel prices touched $22 935 a tonne on Friday, the highest since 2011, while on the Shanghai... →

Panthera completes drilling at Mali project

By: Tasneem Bulbulia 14th January 2022 Aim-listed Panthera Resources has completed an 8 546 m air core (AC) drill programme in 152 drill holes at the Bassala project, in Mali, and 5 m samples have been despatched for assay. All geochemical and chargeability targets have now been drilled with shallow AC to the base of weathering. →

AVZ starts trading in North America

By: Esmarie Iannucci 14th January 2022 Lithium developer AVZ Minerals has started share trading on the OTCQZ under the ticker symbol AZZVF. “The company has long recognised the opportunities provided by the North American capital markets and with a burgeoning interest in the global lithium sector, the company’s majority owned Manono... →

Green ammonia, FDI, SA's COP26 funds

14th January 2022 This week, Mining Weekly Editor Martin Creamer unpacks South Africa’s first green ammonia project, which launches next week; foreign direct investment for countries transitioning to clean energy; and whether South Africa has effectively deployed funds secured at COP26. →

Green ammonia, FDI, SA's COP26 funds

High coal prices to intensify India's efforts to curb imports

By: Reuters 14th January 2022 High seaborne prices for coal will push India to lift domestic supplies and accelerate efforts to curb imports, according to a top government official. The country’s miners, including State-run Coal India Limited, are preparing to meet the entire coal demand from grid-connected power plants in... →

Indonesia to improve coal delivery checks as export ban weighs on economy

By: Reuters 14th January 2022 Indonesia's state utility Perusahaan Listrik Negara (PLN) said on Friday that together with the energy ministry it was strengthening a coal delivery monitoring system to ensure enforcement of domestic sales rules and energy security. The world's biggest thermal coal exporter introduced an export... →

German hard coal imports could rise 7.7% in 2022 - VDKi

By: Reuters 14th January 2022 Germany's hard coal imports in 2022 could rise 7.7% on the year to 42-million tonnes due to economic recovery, high prices of rivalling gas and the need to compensate for the closure of nuclear power plants, industry association VDKi said on Friday. The VDKi also published preliminary data... →

Chile awards new lithium contracts despite political storm

By: Bloomberg 14th January 2022 Chile’s government pushed ahead with contracts to tap more of the world’s biggest lithium reserves despite calls from President-elect Gabriel Boric to delay the bidding process. The country awarded two of five contracts on offer -- one to Chinese electric vehicle maker BYD Co. Ltd. and another... →

Yamana beats targets, MARA feasibility expected this year

By: Mariaan Webb 14th January 2022 Canadian miner Yamana Gold has significantly exceeded its fourth-quarter production guidance and also beat its full-year guidance, reporting standout performances at its core operations. The company posted fourth-quarter production of 281 388 gold-equivalent ounces, exceeding the guidance of 270... →

Equinox Gold achieves FY guidance

By: Mariaan Webb 14th January 2022 Canadian mining company Equinox Gold has achieved its 2021 guidance with output of 602 100 oz – a 26% increase over 2020 production. The TSX- and NYSE American-listed company’s guidance for the year was 560 000 oz to 625 000 oz. →

Astro to spin-out WA diamond project

By: Esmarie Iannucci 14th January 2022 Junior Astro Resources on Friday announced plans to spin-off its Lower Smoke Creek diamond project, in Western Australia. The company told shareholders that the spin-off would be in the form of an initial public offering (IPO) on the ASX, and will comprise Astro’s East Kimberly project, together... →

New Hope CEO quits

By: Esmarie Iannucci 14th January 2022 Coal miner New Hope Corporation on Friday reported the immediate resignation of CEO Reinhold Schmidt, following a short period of personal leave. CFO Rob Bishop has been appointed as acting CEO. →

China hurt most by Indonesia’s move to keep nickel at home

By: Bloomberg 14th January 2022 Indonesia’s pledge to be more than a raw-materials supplier is set to pile pressure on China’s steel to electric vehicles industries that are already grappling with rising cost volatility. The Southeast Asian country said Wednesday it’s studying a progressive levy on exports of nickel pig iron... →

Mantashe on State capture: An attack on deployment is an attack on transformation, democracy

By: News24Wire 14th January 2022 Mineral Resources and Energy Minister Gwede Mantashe has warned that the State capture report may launch heavy attacks on deployment - and by extension, transformation and democracy. The minister delivered a keynote address at the gala dinner of the Energy Summit, hosted by the South African... →

Mineral Resources and Energy Minister Gwede Mantashe

IEA says Canada can be key global oil supplier if emissions promises kept

By: Reuters 14th January 2022 Canada, the world's fourth-largest oil producer, can be a key global supplier for years to come providing it sticks to promises to sharply cut emissions, the International Energy Agency (IEA) said on Thursday. In its first review of Canada's energy policies since 2015, the IEA said the country's... →

Australia records highest temperature in 62 years

By: Reuters 14th January 2022 Another day, another heat record. Australian authorities warned people to stay indoors on Friday as a severe heatwave along the northwestern coast pushed temperatures to a blistering 50.7 degrees Celsius (123 degrees Fahrenheit), hitting a high last seen 62 years ago. →

Thalanga hit by tough quarter

By: Esmarie Iannucci 14th January 2022 ASX-listed Red River Resources has reported lower production from its Thalanga operation in Queensland, during the three months to December. The miner on Friday reported that zinc concentrate production had reached 4 697 t during the December quarter, while lead concentrate production reached 1... →

SSR sells Mexican mine to Endeavour Silver

By: Esmarie Iannucci 14th January 2022 Triple listed SSR Mining has announced plans to sell its Pitarrilla silver/lead/zinc project in Durango, Mexico, to TSX- and NYSE-listed Endeavour Silver for up to $127-million. The consideration would consist of a $35-million cash payment, $35-million in Endeavour Silver shares, with the number... →

Power Metal renews Botswana prospecting licences

By: Schalk Burger 13th January 2022 London-listed exploration company Power Metal Resources has renewed key prospecting licences at the Molopo Farms Complex project, in southwestern Botswana, for two years. Renewal documentation has been received in respect of prospecting licence 310/2016 and prospecting licence 311/2016, with the... →

Akobo discovers mine-life-extending mineralisation at Segele project

By: Marleny Arnoldi 13th January 2022 Norway-based Akobo Minerals has intersected visible gold at 205 m down hole as part of an extension drilling programme at the Segele project, in Ethiopia. The latest results indicate that the high-grade mineralisation reported on →

Galileo starts reviewing data on newly acquired Zambian project

By: Marleny Arnoldi 13th January 2022 London-listed Galileo Resources has asked independent consultants Addison Mining Services and GeoQuest to start compiling historical drilling data on the Luansobe copper project, in Zambia. Preliminary analysis suggests the deposit has a strike length of up to 3 km and extends to a depth of at... →

Potentially game-changing hydrogen fuel cell technology attracts funding

By: Martin Creamer 13th January 2022 Hydrogen fuel cells are increasingly being viewed as an attractive technology to decarbonise large parts of industry, particularly heavy-duty transport. Two key barriers to more widespread adoption of fuel cells are the costs and production scale of fuel cell systems. →

Photo by Creamer Media
AP Ventures managing partner Andrew Hinkly

Czechs ready to reach deal with Poland over disputed mine, Minister says

By: Reuters 13th January 2022 New Czech Environment Minister Anna Hubackova said on Thursday she was ready to hold talks with Poland next week to overcome a dispute over Poland's open-pit coal mine Turow near the two countries' border. Talks between the central European allies in the dispute faltered last year, with the... →

Dr Will Goodall appointed acting CEO of Aura Energy

By: Tasneem Bulbulia 13th January 2022 Dual-listed Aura Energy has appointed Dr Will Goodall as acting CEO, to fulfil the roles and responsibilities of the previous CEO until the company appoints a board level MD and CEO during the first half of this year. Goodall will attend board meetings during this time and will continue to drive... →

Kazakh uranium major reports no production or sales disruptions

By: Mariaan Webb 13th January 2022 The anti-government protests that rocked Kazakhstan in recent days have not had a major impact on the overall business of the world’s top uranium producer and Kazatomprom said on Thursday that it had not experienced any delays or disruptions to production, deliveries, or sales plans. The... →

Alrosa’s sales shoot past 2019 levels

By: Creamer Media Reporter 13th January 2022 Russian diamond producer Alrosa on Thursday announced strong rough and polished diamond sales, which not only shot past the Covid-hit 2020 levels, but also came in substantially higher than sales in pre-pandemic 2019. Alrosa reported total sales of $4.17-billion, including rough diamond sales of... →

Caracal Gold appoints new CFO, Kilimapesa gold operations GM

By: Donna Slater 13th January 2022 East African gold producer Caracal Gold has appointed Riaan Lombard as GM of its Kenya-based Kilimapesa gold operations and Paul Reeves as group CFO. Both appointments are effective as of February 1. Caracal CE Robbie McCrae says these two key appointments will help bolster the Caracal team not... →

Kenmare sets new records with 2021 production, injury rate, shipments

By: Donna Slater 13th January 2022 LSE-listed titanium minerals and zircon producer Kenmare Resources increased its 2021 production by 30% year-on-year, owing to a record 1.55-million tonnes being mined, and a 19% increase in ore grades to 4.63% as a result of wet concentrator plant (WCP) B’s relocation to the high-grade Pilivili... →

Kazakh turmoil underlines need for regional diversification, says African uranium developer

By: Mariaan Webb 13th January 2022 The recent civil unrest in Kazakhstan – the world’s biggest producer of uranium – underscores the need for increased regional diversification of supply, says Toronto-listed developer GoviEx Uranium, which owns projects in Niger, Zambia and Mali. In a letter to stakeholders, executive chairperson... →

Kefi shareholders give go-ahead for £6.4m placing

By: Marleny Arnoldi 13th January 2022 Aim-listed Kefi Minerals has successfully garnered shareholder support for its intended placement of shares to raise £6.4-million. Executive chairperson Harry Anagnostaras-Adams says this significantly de-risks the company’s balance sheet, as it can remove liabilities totalling £5.7-million and... →

New Gold meets updated guidance despite 2021 challenges

By: Mariaan Webb 13th January 2022 Canada-focused intermediate mining company New Gold has met its updated full-year guidance, following a strong fourth quarter in which it produced 111 574 gold-equivalent ounces (GEOs). For the year, the owner of the Rainy River and New Afton mines produced 418 933 GEOs, comprising 286 921 oz of... →

Two Tati project prospecting licences transferred into Power Metal’s Tati Greenstone Resources

By: Donna Slater 13th January 2022 LSE-listed mineral explorer Power Metal Resources reports that two prospecting licences (PLs) for its 100%-owned Tati project have now been successfully transferred into Tati Greenstone Resources (TGR) – a wholly-owned private Botswana-based subsidiary of Power Metal. On July 28, 2021, Power... →

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