R/€ = 19.6561 Change: 0.0243
R/$ = 18.1422 Change: 0.0385
Au 1960.47 $/oz Change: -3.87
Pt 963.75 $/oz Change: 3.86

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Mining needs truth-and-reconciliation approach to ESG, says Rifle-Shot’s Naidoo  

By: Martin Creamer     29th March 2023 Mining companies need to approach environmental, social and governance (ESG) principles on a truth and reconciliation footing and be honest about where they are on a scale of one to 10, says Rifle-Shot Performance business development director Dilley Naidoo. Naidoo, who spoke to Mining Weekly on... 

Rifle-Shot’s Dilley Naidoo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Flagship Thorny River project to start operating later this year

By: Marleny Arnoldi     29th March 2023 After having experienced teething issues, plant delivery delays and adverse weather, Aim-listed Botswana Diamonds (BOD) has finally started producing diamonds from the Marsfontein project, in South Africa. The company has been focused on bringing two operations – Marsfontein and Thorny River –... 

Implats extends longstop date for RBPlat buyout offer to April 28

By: Marleny Arnoldi     29th March 2023 JSE-listed Impala Platinum (Implats) has again extended the longstop date for its offer to buy out all the shares it does not own in fellow-listed Royal Bafokeng Platinum (RBPlat) to April 28. This is to allow the Takeover Special Committee (TSC) time to issue a compliance certificate in... 

Mining in South Africa looks to solar, AI and chickens to go green

By: Reuters     29th March 2023 On the once bone-dry soil of a diamond mine in South Africa's central Free State province, Susan Masoha now harvests big bunches of tomatoes, eggplants and spinach. The former cleaner at the mine never expected to find new work at a regenerative farming project set up on the site - part of... 

BME expands its footprint with Indonesian JV

By: Creamer Media Reporter      29th March 2023 Mining and explosives solutions provider BME – a subsidiary of Omnia Holdings – has signed a conditional sale and purchase of shares agreement (CSPA) with Multi Nitrotama Kimia (MNK), an Indonesian provider of explosives and blasting services. The two companies will form a joint venture (JV),... 

A mine blasting undertaken by BME

Ironveld FCF buyout now unconditional

By: Creamer Media Reporter      29th March 2023 Aim-listed Ironveld reports that its subsidiary Ironveld Smelting's acquisition of Ferrochrome Furnaces (FCF), in Rustenburg, South Africa, has become unconditional. FCF will, in accordance with the Companies Act of South Africa, be taken out of business rescue in the coming days and the... 

Aura updates Tiris economics

By: Esmarie Iannucci     29th March 2023 An enhanced definitive feasibility study (EFS) into the Tiris uranium project, in Mauritania, has increased the project’s expected average production by 150% and has increased its mine life. ASX-listed Aura Energy on Wednesday announced that the EFS has estimated an average yearly production of... 

Walkabout fully funded for Lindi Jumbo development

By: Esmarie Iannucci     29th March 2023 Junior Walkabout Resources has secured a $20-million debt facility with investment fund manager Gemcorp to complete construction of its Lindi Jumbo graphite mine, in Tanzania. The company has signed a term sheet with Gemcorp which included a $20-million senior secured debt facility and a... 

Premier African Minerals completes Zimbabwe lithium plant, production imminent

By: Reuters     29th March 2023 Premier African Minerals said on Wednesday it had finished building a lithium processing plant at its Zulu mine in Zimbabwe and expected to start production of spodumene concentrate later this week. Spodumene is a lithium ore with high concentration of lithium, a key component in the production... 

Globe clears MDA hurdle in Malawi

By: Esmarie Iannucci     29th March 2023 The government of Malawi has approved the Mining Development Agreement (MDA) for the Kanyika niobium project being developed by ASX-listed Globe Metals & Mining. Globe said on Wednesday that the approval of the MDA was a significant milestone for the company, and with all other approvals in... 

BHP Group seeks delay to Brazil dam court case

By: Reuters     29th March 2023 Mining group BHP Group BHP is seeking to delay a potential 36-billion pound ($44-billion) London lawsuit over Brazil's worst environmental disaster as it needs more time to prepare, the company's lawyers said on Wednesday. The world's biggest miner by market value is being sued by around 720 000... 

Newmont nets $179m in sale of Triple Flag shares

By: Mariaan Webb     29th March 2023 Global gold miner Newmont has sold its shares of Triple Flag Precious Metals for $179-million as part of the streamlining of its equity portfolio. Newmont acquired its equity interest in Triple Flag through the formation of a strategic partnership with Maverix Metals in 2018. Following Newmont’s... 

CAML in good position to grow through acquisition

By: Mariaan Webb     29th March 2023 Base metals miner Central Asia Metals Limited (CAML), which operates in Kazakhstan and North Macedonia, is continuing efforts to expand and CEO Nigel Robinson says the company is in a good position to grow through acquisition. Last year, the company appraised 40 opportunities, signed... 

Sandfire America appoints Greenidge CEO, names new CFO

By: Creamer Media Reporter      29th March 2023 The company behind the development of the Black Butte copper project in Montana has appointed mining executive Lincoln Greenidge as CEO, replacing Rob Scargill who has resigned. Greenidge joined Sandfire Resources America in January 2022 and served as CFO for the last year. 

Argonaut Gold completes sale of Ana Paula

By: Creamer Media Reporter      29th March 2023 Toronto-listed Argonaut Gold has completed the sale of its Ana Paula project, in Mexico, to Heliostar Metals. Argonaut sold  Ana Paula for $10-million payable in cash upon closing, plus an additional $20-million in deferred cash and share consideration, contingent on meeting certain milestones. 

Appian appoints Douglas Coleman as head of Mexico

By: Creamer Media Reporter      29th March 2023 Appian Capital Advisory, an investment adviser to private equity funds that invest solely in mining and mining-related companies, has appointed Douglas Coleman as head of its operations in Mexico. Based in Hermosillo, Coleman is responsible for developing Appian's relationships with mining... 

SPC Nickel buys into camp-scale nickel/copper opportunity in Nunavut

By: Creamer Media Reporter      29th March 2023 TSX-V-listed SPC Nickel has entered into an option agreement with Bathurst Metals, giving it the right to acquire a 100% interest in the McGregor Lake and Speers Lake properties located within the Kitikmeot region of western Nunavut. Following this transaction, SPC Nickel will control nearly 650... 

Pilbara pulls the trigger on A$560m P1000

By: Esmarie Iannucci     29th March 2023 Lithium miner Pilbara Minerals has taken a final investment decision on the A$560-million P1000 project at its Pilgangoora operation, in Western Australia. The P1000 project would increase the nameplate capacity at Pilgangoora by some 47%, from around 680 000 t/y to 1-million tonnes a year of... 

Pilbara pulls the trigger on A$560m P1000

Nolans draws German funding interest

By: Esmarie Iannucci     29th March 2023 German export credit agency Euler Hermes Aktiengesellschaft has provided rare earths developer Arafura Rare Earths a non-binding letter of in-principle support for a untied loan guarantee of up to $600-million to support the Nolans project, in the Northern Territory. The untied loan guarantee of... 

Budget prioritises Canadian miners’ role in global critical minerals supply chain - MAC

By: Mariaan Webb     29th March 2023 The 2023 Budget, delivered by Chrystia Freeland on Tuesday, bolsters the ability of the Canadian mining sector deliver for the country, recognising the industry’s central role in enabling the transition to a net-zero economy, says Mining Association of Canada (MAC) president and CEO Pierre... 

Budget prioritises Canadian miners’ role in global critical minerals supply chain - MAC

Green energy options weighed at Dolphin

By: Esmarie Iannucci     29th March 2023 Tungsten developer Group 6 Metals has inked a memorandum of understanding (MoU) with green energy developer Fortescue Future Industries (FFI) to explore the use of renewable energy, heat energy and hydrogen at the Dolphin tungsten mine, in Tasmania. Under the terms of the MoU, FFI will prepare... 

Muga processing plant approved in Spain

By: Esmarie Iannucci     29th March 2023 ASX-listed Highfield Resources has been granted a construction license for the processing plant at its Muga potash project, in Spain. "The grant of the pending construction licence in Navarra for the process plant is a critical milestone for Muga. I do not think I am exaggerating by saying that... 

Canada aims to catch up with US with deficit-swelling green bet

By: Bloomberg     29th March 2023 Canada is ramping up efforts to become a leader in the green energy transition, unveiling almost C$83-billion ($61-billion) in investment tax credits over the next decade, including tens of billions aimed at building a clean electricity grid. The measures, along with increased health spending,... 

Canada aims to catch up with US with deficit-swelling green bet

Nutrien’s CEO says fertiliser supply to stay tight in 2023

By: Bloomberg     29th March 2023 The world’s largest fertilizer company expects the global supply of the nutrient potash to remain constrained this year. Shipments out of major exporters Belarus and Russia are still at least partially constrained and a lot of alternative outlets for product have been exhausted, Nutrien CEO Ken... 

Biden tees up a supply-chain rethink with challenge to China’s EVs

By: Bloomberg     29th March 2023 Seven months after President Joe Biden signed the Inflation Reduction Act into law, the magnitude of the challenge it will be for the US to loosen China’s grip on the electric vehicle supply chain — a key objective of the legislation — is coming into sharper relief. Ford, the top US car... 

Lundin weighs strategic partner for copper project in Argentina

By: Bloomberg     29th March 2023 Lundin Mining is in talks with prospective partners for a copper deposit in Argentina as the industry battles to meet demand for the wiring metal in the shift away from fossil fuels. As it seeks financing for the Josemaria project in San Juan province, Lundin could sell a majority stake to a... 

Jervois halts construction at ICO as cobalt prices fall, inflation rises

By: Esmarie Iannucci     29th March 2023 Dual listed Jervois has suspended construction at its Idaho Cobalt Operations (ICO) due to falling cobalt prices and inflationary impacts on construction costs in the US. The company said on Wednesday that cobalt prices were expected to recover in the medium-term from influences of the energy... 

Jervois halts construction at ICO as cobalt prices fall, inflation rises

Mining necessary for green future - Minister

By: Esmarie Iannucci     29th March 2023 Federal Resources Minister Madeleine King has highlighted the significant role that the resources sector would play in global decarbonisation efforts, in a statement to Parliament. “In order to decarbonise, the world needs our resources industry and our critical minerals,” Minister King said. 

Image shows a mining haul truck

BHP partners with Chinese majors on copper chains

By: Esmarie Iannucci     29th March 2023 Diversified miner BHP will partner with two of China’s leading copper producers, China Copper and Daye Nonferrous, on the development of a more sustainable and responsible copper value chain. The three companies have signed a memorandum of understanding (MoU) to enable the parties to leverage... 

Red Rock submits EIA for Zim lithium project

By: Creamer Media Reporter      28th March 2023 London-listed Red Rock Resources expects the environmental-impact assessment (EIA) for Tin Hill – its first planned lithium production site in Zimbabwe – to be approved from mid-April onwards. The EIA was recently submitted to the relevant authorities and, once approved, additional geologists and... 

Platinum group metals can add million South African jobs plus R8-trillion to economy  

By: Martin Creamer     28th March 2023 Collaborative marketing of platinum group metals (PGMs) has the potential to add a million more South African jobs and contribute R8-trillion more to the economy as the world greens and lowers carbon intensity. The combination of green hydrogen displacing natural gas and fuel cell electric... 

PGM Industry Day covered by Mining Weekly’s Martin Creamer. Video editing: Darlene Creamer.

Ramaphosa highlights importance of new rail Infrastructure Manager in paving way for private operators 

By: Terence Creamer     28th March 2023 President Cyril Ramaphosa has described the establishment of a separate Infrastructure Manager (IM) within Transnet Freight Rail (TFR) as a crucial step towards creating a level playing field for public and private operators on the country’s rail network. In a statement issued following a meeting... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Atalaya’s Proyecto Masa Valverde wins environmental approval

By: Creamer Media Reporter      28th March 2023 The Proyecto Masa Valverde (PMV) project, in Spain, has received environmental approval, paving the way for Atalaya Mining to file for an exploitation permit to what could be an important satellite deposit in the Riotinto district. PMV consist of several volcanogenic massive sulphide-type... 

Rain, mining licence conditions posing a challenge for Edenville's Rukwa mine

By: Chanel de Bruyn     28th March 2023 Coal miner Edenville Energy continues to face challenges at its Rukwa mine, in Tanzania, as a result of wet weather and warnings from the Mining Commission in Tanzania that the company has failed to perform certain tasks required under its mining licence. The company reports that, although it has... 

Kropz draws down R90m under ARC Fund bridge loan

By: Creamer Media Reporter      28th March 2023 Emerging African phosphate producer and developer Kropz has drawn down R90-million under a bridge loan from the African Rainbow Capital (ARC) Fund. Kropz earlier this month informed shareholders that it had entered into new bridge loan facilities of R285-million with ARC Fund to meet immediate... 

Multotec celebrates 50 years of successes

By: Schalk Burger     28th March 2023 Metallurgy and process engineering company Multotec, established in 1973, employs close to 2 000 people and has a yearly turnover of about R3-billion and, in 2022, it exported about 60% of the products it made in South Africa, says Multotec Group CEO Thomas Holtz. The company started by importing... 

Multotec Group CEO Thomas Holtz
Multotec Group CEO Thomas Holtz

Master Drilling posts record revenue, focuses on new technology development

By: Marleny Arnoldi     28th March 2023 Drilling solutions company Master Drilling has posted record revenue of $226-million for the year ended December 31, 2022 – a 31.7% year-on-year increase. CEO Danie Pretorius attributes the strong revenue generation, as well as strong cash generation of $25-million, to higher utilisation rates... 

Canada budget sees contracts for difference for large clean-tech projects -source

By: Reuters     28th March 2023 Canada's budget will introduce a system to lock in future carbon credit prices, a move meant to boost investments by giving businesses certainty to develop low-carbon technologies, a senior government source with knowledge of the document told Reuters on Monday. So-called contracts for... 

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