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High-purity manganese facing phenomenal demand growth, PDAC hears 

By: Martin Creamer     24th June 2022 The commitment of at least six major motor companies to manganese-based batteries for battery electric vehicles (BEVs) is elevating the demand outlook for high-purity manganese phenomenally, a Prospectors & Developers Association of Canada (PDAC) conference has been told. CPM Group lead manganese... 

Creamer Media screenshot.
CPM Group lead manganese analyst Andrew Zemek.

Stage 4 load-shedding extended into weekend as illegal strike disrupts coal plants 

By: Terence Creamer     24th June 2022 Eskom has extended Stage 4 load-shedding – initially implemented at 11:00 on Friday June 24, as an illegal strike led to the loss of more coal production – until Sunday and the utility has also refrained from providing a system prognosis for the coming week. COO Jan Oberholzer said the decision... 

Stage 4 load-shedding extended into weekend as illegal strike disrupts coal plants

Is it possible to convert old coal mines into successful farms? 

By: Darren Parker     24th June 2022 The rehabilitation of South Africa’s closed coal mines has long been a source of contention among miners, environmental activists and affected communities. Numerous old mines were not rehabilitated at all, while many others were rehabilitated to within only the bare minimum requirements of the... 

Magazine cover image

TNPA embarks on ambitious R9.1bn seven-year infrastructure development programme 

By: Marleny Arnoldi     24th June 2022 Further to Transnet National Port Authority’s (TNPA’s) “reimagined” operational model, launched in November last year, and increased efficiency initiatives that are under way, the State-owned utility has announced it will spend R9.1-billion over the next seven years on capital projects in the... 

Port of Ngqura
Port of Ngqura

Sibanye's Stillwater mine suspended for 4-6 weeks

By: Mariaan Webb     24th June 2022 The Stillwater mine, in Montana, will remain suspended for four to six weeks to allow for access to the mine to be restored following recent flooding, precious metals miner Sibanye-Stillwater reported on Friday. The Stillwater mine accounts for about 60% of mined production from the group's US... 

Premier African enters into prepayment deal for Zulu pilot plant

By: Darren Parker     24th June 2022 Aim-traded Premier African Minerals has entered into a marketing and prepayment agreement in the form of a binding heads of terms with clean technology developer Suzhou TA&A Ultra Clean Technology. The agreement will allow the company to establish a large-scale pilot plant at its Zulu lithium and... 

Exploration at Lulo adds two new high-priority kimberlites for bulk sampling

By: Darren Parker     24th June 2022 The kimberlite exploration work programme at Lulo, in Angola, has been boosted by the addition of two new high-priority kimberlites for bulk sampling, says ASX-listed Lucapa Diamond Company. Lucapa, which owns Lulo in a partnership with Angolan national mining company Endiama and private Angolan... 

Lulo diamond mine in Angola
Lulo diamond mine in Angola

One of world’s biggest cobalt mines is at stake in Congo fight

By: Bloomberg     24th June 2022  A dispute over one of the biggest copper and cobalt mines is escalating in the Democratic Republic of Congo, threatening to disrupt exports of essential battery materials and raising questions about the project’s future. A top executive from state mining company Gecamines said that partner CMOC... 

Bester-Hilaire Ntambwe Ngoy Kabongo, Sage Ngoie Mbayo and Leon Mwine Kabiena, from left, in Lubumbashi, Democratic Republic of Congo, on June 16.
Bester-Hilaire Ntambwe Ngoy Kabongo, Sage Ngoie Mbayo and Leon Mwine Kabiena, from left, in Lubumbashi, Democratic Republic of Congo, on June 16.

Informal settlements near North West mining areas to be upgraded

By: Yvonne Silaule     24th June 2022 Informal settlements in the mining areas around the Bojanala and Dr Kenneth Kaunda districts, in the North West, will soon be upgraded as the provincial Department of Human Settlements sets out to fast-track upgrades. The expanding informal settlements are close to mining areas and mainly house... 

Iron-ore output poised to grow globally up to 2030

By: Marleny Arnoldi     24th June 2022 Research agency Fitch Solutions Country Risk & Industry Research believes global iron-ore production is likely to accelerate between 2022 and 2026, after stagnating somewhat over the past five years. The agency forecasts global iron-ore mine output to grow by an average 2.7% over the period,... 

Fortescue iron-ore being transported
Photo by Bloomberg
Fortescue iron-ore

NSDV, Harmony Gold, Sadpo make headlines  

24th June 2022 Mining Weekly Editor Martin Creamer unpacks NSDV's deeming provision suggestion for minerals investment; Harmony Gold's renewables plan; and small diamond miners wanting to work with big licence holders to create more jobs in the industry. 

NSDV, Harmony Gold, Sadpo make headlines

Japan to end financing of key coal projects under climate pledge

By: Bloomberg     24th June 2022 Japan will withdraw financing for key coal-fired power plant projects in Bangladesh and Indonesia under efforts aimed at accelerating a global phase-out of the dirtiest fossil fuel. Asia’s second-largest economy will stop providing government-backed yen loans to the Matarbari 2 coal expansion... 

ERA seeks urgent interim funding solution for Ranger rehabilitation

By: Darren Parker     24th June 2022 Owing to Energy Resources of Australia’s (ERA’s) current unfavourable cash-on-hand position, the ASX-listed company has stated that it is urgently seeking an interim funding solution to pay for ongoing rehabilitation efforts at its Ranger project, in the Northern Territory. The mine project area,... 

Swiss customs say Russian gold import arrived from the UK

By: Bloomberg     24th June 2022 Gold recorded as originating from Russia arrived in Switzerland from the UK last month, according to the Swiss Federal Customs Administration. More than 3 t of gold -- worth about $200-million -- was recorded as being imported from Russia to Switzerland last month, according to customs data. The... 

An image showing gold bars

Highfield receives Muga potash construction licences

By: Darren Parker     24th June 2022 ASX-listed Highfield Resources has received a licence to construct the mine gate and two underground declines at its flagship Muga potash project, in Spain. The local Townhalls, or councils, of Undués de Lerda and Sangüesa in Navarra are the responsible approving authorities for the mine gate... 

Gold Road moves ahead with compulsory DGO Gold takeover

By: Darren Parker     24th June 2022 ASX-listed Gold Road Resources, which currently holds a relevant interest in 95.14% of fellow ASX-listed DGO Gold shares, will now proceed with the compulsory acquisition of the remaining DGO shares following a previously announced off-market takeover offer. The offer is scheduled to close at... 

Australia's sex discrimination commissioner calls for urgent change in mining sector

By: Reuters     24th June 2022 Australia's sex discrimination commissioner has called for urgent changes in the country's mining industry after a state government report found that sexual harassment and assault were rife in the sector. The Western Australia parliamentary report on Thursday detailed what it said was horrifying... 

Australia's sex discrimination commissioner calls for urgent change in mining sector

Interior Dept earmarks $75m for critical minerals mapping

By: Creamer Media Reporter      24th June 2022 The Department of the Interior has announced $74.6-million will be distributed in 30 states to invest in geoscience data collection, mapping, data preservation, and scientific interpretation of areas with potential for critical minerals, under the US Geological Survey (USGS) Earth Mapping... 

Jervois confirms ICO capex at $107m, expects first ore through new mill in October

By: Darren Parker     24th June 2022 ASX-, TSX-V- and OTCQX-listed Jervois Global has said that it expects to start commissioning the plant at its Idaho Cobalt Operations (ICO), in the US, in September, with first ore through the mill in October. The company said on Friday that sustainable, full-rate ore processing was forecast to... 

Denison inks participation and funding agreement with KML

By: Mariaan Webb     24th June 2022 Uranium developer Denison Mines has entered into a participation and funding agreement with Kineepik Métis Local #9 (KML), which expresses a mutual commitment to the co-development of an agreement supporting the advancement of the in-situ recovery (ISR) operation proposed at the Wheeler River... 

Ascot slows down pace of Premier construction

By: Mariaan Webb     24th June 2022 Without new financing in place for the Premier gold project, Vancouver-based Ascot Resources on Thursday announced that it was slowing the pace of construction activities and that the first gold pour could potentially only be achieved in 2024. The update lopped 20% off the share price of Ascot,... 

Argonaut locks in financing for over-budget Magino project

By: Mariaan Webb     24th June 2022 The Magino gold mining project is in a strong position to move into production by the end of March next year, after developer Argonaut Gold secured $250-million in debt and announced a C$195-million equity raise complete the project. The cost to complete the project has risen by another... 

A photo of the Magino construction site.
A May 2022 photo of the Magino construction site.

Codelco reaches agreement with workers to end strike

By: Reuters     24th June 2022 Chile's State-owned Codelco, the world's largest copper producer, reached an agreement with workers on Thursday to end a nationwide strike over the closure of a troubled smelter in a highly polluted region of central Chile. The Federation of Copper Workers (FTC) started the strike early... 

If power station protests persist, there’ll be much more load-shedding, Eskom warns

By: News24Wire      24th June 2022 Power utility Eskom warned on Friday morning that if protests at nine of its power stations and facilities continue, it increases the risk of higher stages of load-shedding. SA is currently experiencing Stage 2 load-shedding every day up to midnight until Sunday. 

An Eskom coal-fired power station

Carmaker Stellantis to take 8% stake in lithium supplier Vulcan

By: Reuters     24th June 2022 Vulcan Energy Resources said on Friday Dutch automaker Stellantis would buy an 8% stake for A$76-million, sending the lithium miner's shares more than 24% higher. Australia-headquartered Vulcan will issue about 8.5-million shares to Stellantis at A$6.622 a share, which represents a 32.4% premium... 

Carmaker Stellantis to take 8% stake in lithium supplier Vulcan

Indigenous Ecuadorans fight back as metal mining eats into Amazon

By: Reuters     24th June 2022 The brightly colored chiva bus rocked back and forth, branches scraping across its sides, as it traveled down the narrow dirt road traversing mountain ranges of the Cordillera del Condor, in Ecuador's southern Amazon. The region, which stretches about 150 km along the border with Peru, is famous... 

Magazine round up | 24 June 2022 

24th June 2022 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 24 June 2022

Lofty lithium bid suggests scorching rally may not be over

By: Bloomberg     23rd June 2022 The highest bid for lithium at an auction run by an Australian miner suggests a blistering rally in the battery metal may not be over. Pilbara Minerals said a buyer will pay a price equating to $7 017 a ton for spodumene concentrate -- a partly-processed form of lithium -- delivered to China.... 

Eskom confirms 18 renewable energy bid winners for land leases in Mpumalanga

By: Darren Parker     23rd June 2022 State-owned utility Eskom has confirmed to Engineering News on June 23 that 18 companies have been selected from the bids received for the lease of Eskom-owned land in Mpumalanga, which has been earmarked for independently developed renewable energy generation projects. At this stage, no... 

Aura announces massive increase in uranium grade at Mauritania project

By: Darren Parker     23rd June 2022 ASX- and Aim-listed Aura Energy has achieved an average 550% increase in uranium grade through pilot scale confirmatory results from simple screening techniques carried out at its Tiris uranium project, in Mauritania. Preliminary bulk leaching tests have also confirmed rapid uranium extraction of... 

U3O8

Implats contractors comment on Numsa’s claims

By: Marleny Arnoldi     23rd June 2022 Three contractors appointed at Impala Platinum’s mines in Rustenburg, North West, have expressed their views on some of the claims made by National Union of Metalworkers of South Africa (Numsa), which is currently carrying out strike action at the mines. The three contractors, Newrak Mining,... 

US wants South Africa’s just transition investment plan aligned with lower end of decarbonisation pledge 

By: Terence Creamer     23rd June 2022 South Africa’s Just Energy Transition Partnership Investment Plan, or JETP-IP, should be geared towards projects that will support the country in meeting the lower end of its new Nationally Determined Contribution (NDC), a senior US Treasury official has indicated. Ahead of the 2021 COP26 climate... 

Solar panels at the Komati power station, where some initial JETP projects could be located
Solar panels at the Komati power station, where some initial JETP projects could be located

Competition Tribunal approves Northam’s intervention in Implats/RBPlat merger

By: Darren Parker     23rd June 2022 The Competition Tribunal has issued an order granting platinum producer Northam Platinum leave to intervene in the large-scale merger between platinum miners Impala Platinum (Implats) and Royal Bafokeng Platinum (RBPlat).   The Competition Commission, which investigates large mergers before... 

Tribunal hearing mics and tables

Deeming could bring regulatory certainty to much-needed minerals investment – NSDV  

By: Martin Creamer     23rd June 2022 The detraction of the South African investment market is the uncertainty around approval timelines and the implementation of a deeming provision could change all that by treating applications as approved after the passing of a set period of time. Many want to invest in exploration and mining... 

NSDV Advisory Head Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Rising recession fears push copper to 16-month low

By: Reuters     23rd June 2022 Copper prices fell to a 16-month low on Thursday as fast-rising interest rates and weak economic data fanned fears of a global slowdown that would reduce demand for metals. Benchmark copper on the London Metal Exchange (LME) was down 2% at $8,595 a tonne in official trading after touching its... 

Ireland’s Arkle makes Zim entry with eye on lithium

By: Mariaan Webb     23rd June 2022 Ireland-based exploration company Arkle Resources is making an entry into Zimbabwe, with its focus on three licences where it will prospect for lithium. The company, which is listed on London’s Aim market, believes the licences, covering 163 ha, represent a low-cost entry into one of the biggest... 

An image of Arkle Resources chairperson John Teeling
Arkle Resources chairperson John Teeling

Iron-ore rises past $110 as Xi pledges to meet economy targets

By: Bloomberg     23rd June 2022 Iron-ore advanced from its lowest close in more than six months after President Xi Jinping pledged to achieve economic goals for the year, despite pandemic and property headwinds. China’s top leader re-iterated the country’s “social and economic development targets” at a business forum on... 

Bluejay chairperson resigns

By: Mariaan Webb     23rd June 2022 Exploration and development company Bluejay Mining has announced the resignation of executive chairperson Rod McIllree from the board of directors. The company said that it had withdrawn the resolution seeking his re-election at the annual general meeting on Thursday. Bluejay’s most advanced... 

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Magazine round up | 24 June 2022

Deeming could bring regulatory certainty to much-needed minerals investment – NSDV

Sustainability taking front seat at Harmony Gold

Small diamond miners want big licence holders built in so they can grow sector together

Building Forever has become core business at De Beers, it's in the business plan

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