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Long-term supply contracts shielding Sibanye-Stillwater from PGMs price swing

By: Martin Creamer Updated 5 hours ago Platinum group metals (PGMs) mining and marketing company Sibanye-Stillwater has emphasised its strong long-term supply contract positions in the face of the current price pendulum swinging away from the sky-high pricing of earlier this year. Most of the sales of the Johannesburg- and New... →

Sibanye-Stillwater PGM Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

45% of South African mineworkers now vaccinated

By: Simone Liedtke 23rd September 2021 The mining industry has vaccinated, or partially vaccinated, 203 007 employees and contractors in South Africa – that is about 45% of the workforce. Of that total, 49% have been now been fully vaccinated against Covid-19. →

Risks linked to South Africa’s more ambitious decarbonisation pledge not yet ‘adequately addressed’

By: Terence Creamer Updated 7 hours ago Minerals Council South Africa has signalled its support for South Africa’s transition to a low-carbon economy, but is concerned that the immediate risks associated with the country’s more ambitious decarbonisation targets are not being adequately addressed. CEO Roger Baxter told participants to a... →

Image from Daylin Paul’s photographic book, titled ‘Broken Land’, a visual narrative of the environmental and social impacts of coal in Mpumalanga

An image from Daylin Paul’s black and white photographic book, titled ‘Broken Land’, which offers a visual narrative of the environmental and social impacts of coal in Mpumalanga

How Exxaro is advancing from coal into global renewable energy

By: Martin Creamer 23rd September 2021 It is important to note that the renewable energy focus of coal company Exxaro is not a new focus but a re-focus on a strategy that has been in evidence for more than ten years, says Exxaro Energy MD Roland Tatnall. The Johannesburg Stock Exchange company’s strategy just unveiled has been the... →

It is important to note that the renewable energy focus of coal company Exxaro is not a new focus but a re-focus on a strategy that has been in evidence for more than ten years.

SADPO welcomes Mining Charter judgment as key to unlocking investment

By: Donna Slater Updated 7 hours ago The South African Diamond Producers Organisation (SADPO) has welcomed the September 21 judgment by the Gauteng High Court that the Mining Charter was not binding legislation, but rather an instrument of policy. The court case follows the Minerals Council, in early 2019, seeking a judicial review... →

Mine fatalities remain a concern, says DMRE chief inspector

By: Simone Liedtke 23rd September 2021 Although there has been a historic improvement, the continued loss of life, injuries and diseases in the South African mining sector still remains of great concern, Department of Mineral Resources and Energy (DMRE) chief inspector of mines David Msiza laments. Speaking during the Coalsafe virtual... →

Caledonia advances multi-asset strategy with Zim acquisition

By: Tasneem Bulbulia 23rd September 2021 Dual-listed Caledonia Mining has entered into an agreement to purchase the mining claims over the Maligreen project, a property situated in the Gweru mining district of Zimbabwe, from privately-owned Pan African Mining, for $4-million in cash. Caledonia notes that Maligreen is a substantial... →

Lower risk could see cobalt investment shift from DRC to Australia

By: Simone Liedtke 23rd September 2021 Although the Democratic Republic of Congo (DRC) will remain the leading producer of cobalt in the coming years, investments are likely to shift to Australia, which is seen as a “bright spot” for miners and offtakers seeking to avoid human rights and environmental risks associated with cobalt... →

Mkango undertaking drilling, pitting programme at Songwe

By: Mariaan Webb Updated 6 hours ago A major geotechnical drilling and pitting programme is set to begin at the Songwe Hill rare earths development project, in Malawi, dual-listed Mkango Resources reported on Friday. The company said that its management team, together with Malawian geotechnical engineering firm Geoconsult and South... →

First Cobalt resumes drilling at Iron Creek

By: Reuters Updated 4 hours ago First Cobalt said on Thursday it began drilling at Iron Creek, its cobalt-copper project in Idaho, seeking to double production as higher demand for electric vehicles boosted prices for the metals used in the batteries. A global drive towards electrification of road transport to reduce carbon... →

Vulcan Minerals, Fjordland ink deal for working interest in South Voisey Bay

By: Simone Liedtke Updated 5 hours ago TSX-V-listed Vulcan Minerals has inked a binding letter of intent with explorer Fjordland Exploration, which grants Fjordland the option to acquire a 100% working interest in 30 mineral claims (750 ha) located in the South Voisey’s Bay area, Labrador. Under the terms of the agreement, Fjordland... →

China Minmetals unit flags rare earths restructuring

By: Reuters Updated 7 hours ago The rare earths arm of China Minmetals said on Thursday it had been notified its parent is planning a "strategic restructuring" of rare earth assets with another State-owned firm, Chinalco, and authorities in the city of Ganzhou. China Minmetals Rare Earth Co and Chinalco Rare Earth & Metals are... →

China bailing on overseas coal should be a boon for renewables

By: Bloomberg 23rd September 2021 If China puts the same financial heft behind green energy in emerging nations as it has in developing fossil fuels projects overseas, it’ll be a step change for global investment in renewables. President Xi Jinping told the United Nations General Assembly this week that China will accelerate... →

Hudson achieves 55.3% niobium concentrate from Nukittooq

By: Schalk Burger 23rd September 2021 TSX-V-listed mining and exploration company Hudson Resources has announced the results of independent metallurgical testwork conducted on the high-grade Nukittooq niobium-tantalum project, in Greenland, which achieved a niobium concentrate assaying 55.3% niobium pentoxide (Nb2O5) at a 66.6%... →

Kibo progresses funding for UK waste gasification, power plant acquisition

By: Simone Liedtke 23rd September 2021 Renewable energy focused developer Kibo Energy is now in receipt of formal term sheets for the funding required to buy a 54.54% interest in the MWe Billingham waste gasification and power plant in the UK. The aggregate amount of funding offered to the company under the term sheets exceed the... →

Nevada Gold Mines to earn into Ridgeline’s Swift gold project

By: Tasneem Bulbulia 23rd September 2021 Gold-silver explorer Ridgeline Minerals has entered into a transaction with Nevada Gold Mines (NGM), pursuant to which the joint venture between Barrick Gold and Newmont can acquire an interest in the Swift gold project; a district-scale (75 km²) land package located in the Cortez district of the... →

Blistering uranium rally reignites debate over nuclear’s future

By: Reuters 23rd September 2021 After languishing at historical lows for the better part of the last decade, uranium suddenly came back from the dead. Prices have surged about 40% just in September, outpacing all other major commodities. In just a few weeks, millions of pounds of supply was scooped up by the Sprott Physical... →

Agrimin's potash project gets govt backing

By: Esmarie Iannucci 23rd September 2021 The Western Australian government has awarded the Mackay potash project Lead Agency status, developer Agrimin said on Thursday. The Department of Jobs, Tourism, Science and Innovation (JTSI) will act as the lead agency for the Mackay potash project, where a final investment decision is targeted... →

Mining magnate parrying BHP bid expands stake in nickel Miner

By: Bloomberg 23rd September 2021 A bidding war for a small Canadian nickel miner is showing no signs of cooling as its largest shareholder, Australian mining magnate Andrew Forrest, took a formal step to increase ownership. Forrest’s Wyloo Metals said it notified Noront Resources to swap its $15-million convertible loan for... →

An image of the Noront exploration camp.

Hot Chili completes Cortadera buy

By: Esmarie Iannucci 23rd September 2021 ASX-listed Hot Chili has completed the acquisition of the Cortadera copper/gold discovery, in Chile, after the early exercise if its option over the asset. Hot Chili had now satisfied $32-million in payments since February 2019 to acquire Cortadera, securing the centrepiece of the company’s... →

Arctic oil and gas exploration is booming despite climate fears

By: Bloomberg 23rd September 2021 Oil and gas companies are being bankrolled by some of the biggest names in finance to tap the Arctic’s vast natural wealth even as warnings grow about the melting ice cap due to man-made global warming. Gazprom, ConocoPhillips and TotalEnergies are among energy firms expanding their fossil-fuel... →

Vale drops prospects rights on indigenous lands in Brazil

By: Reuters 23rd September 2021 Brazilian miner Vale has given up all rights to mining prospects on indigenous lands in Brazil, recognizing that they require the consent of the communities and legislation regulating such activity, the company said on Wednesday. Vale said in a statement that since last year it has returned to... →

Revolver lists on the ASX

By: Esmarie Iannucci 23rd September 2021 Junior explorer Revolver Resources has officially listed on the ASX, following an initial public offering (IPO) which raised A$12.7-million. Revolver issued more than 63.2-million shares under its IPO, at an issue price of 20c a share. →

Mincor closes SPP early

By: Esmarie Iannucci 23rd September 2021 ASX-listed Mincor Resources has closed its share purchase plan (SPP), raising A$1.3-million more than targeted. The nickel developer earlier this month completed a A$60-million share placement, and opened an SPP targeted at raising A$5-million. →

Talga starts gaphite trial mining in Sweden

By: Esmarie Iannucci 23rd September 2021 ASX-listed Talga has started trial mining at its Vittangi graphite project in north Sweden. The 2021 trial mining campaign is extracting a 2 500 t sample of natural graphite from the Niska South deposit of Vittangi. →

Pantoro secures A$30m for Norseman

By: Esmarie Iannucci 23rd September 2021 Gold developer Pantoro has executed a A$30-million nance facility from Sydney-based credit firm Global Credit Investments (GCI) to help fund the construction of the Norseman gold project, in Western Australia. The facility will have a three-year term and an agreed margin of 7% a year on the... →

Onshore gas development safe - Appea

By: Esmarie Iannucci 23rd September 2021 A landmark four-year environmental study into onshore gas resource development in Queensland, South Australia and the Northern Territory has indicated that the resource can be developed safely. The Australian Petroleum Production and Exploration Association (Appea) said this week that the... →

Fortescue makes new appointment as focus shifts

By: Esmarie Iannucci 23rd September 2021 Iron-ore major Fortescue Metals on Thursday announced a number of executive appointments as the company started its transition from a pure play iron-ore producer to a green renewables and resources company. Dino Otranto has been appointed COO of iron-ore at Fortescue, joining the company from... →

Strategic plans unveiled for North Bowen and Galilee basins

By: Esmarie Iannucci 23rd September 2021 The federal government has unveiled the North Bowen and Galilee Basin Strategic Basin Plan, aimed at turbocharging economic development and jobs in central Queensland by unlocking the gas resources in the North Bowen and Galilee basins. “The plan supports industry to develop the region’s major... →

Sandfire strikes billion-dollar deal for Spanish copper

By: Esmarie Iannucci 23rd September 2021 Copper miner Sandfire Resources on Thursday announced a A$1.24-billion equity raise to fund the A$2.57-billion purchase of the Matsa mining complex, in Spain. The ASX-listed company has entered into a binding sale and purchase agreement with Trafigura and Mabudala Investment Company to acquire... →

Schaft project PEA deems $2.6bn copper mine viable

By: Marleny Arnoldi 22nd September 2021 Canadian resource company Copper Fox Metals has published a promising preliminary economic assessment (PEA) of the Schaft Creek copper/molybdenum/gold/silver deposit, in British Columbia. The project covers 55 779 ha of mineral concessions and is located 60 km south of Telegraph Creek, near... →

Assore buys more shares in Gemfields

By: Mariaan Webb 22nd September 2021 Manganese and iron-ore company Assore has increased its shareholding in emerald and ruby miner Gemfields to 12.74%. The privately-held company last week bought an additional 90 533 595 shares of Gemfields, taking its holding to 147 947 454 shares. →

Newmont's Yanacocha sulfides project delayed by pandemic - CEO

By: Reuters 22nd September 2021 Newmont Mining Corp's Yanacocha sulfides project to expand gold production in Peru has been delayed and will only be developed "at the pace the pandemic allows," CEO Tom Palmer said on Wednesday at an industry conference. US-based Newmont, the world's largest gold miner, has committed... →

Newmont CEO Tom Palmer

Court confirms ‘once empowered, always empowered’ principle

By: Donna Slater 22nd September 2021 The Minerals Council South Africa has welcomed the High Court judgment that the Mining Charter was not binding legislation, but rather an instrument of policy and that mining companies will not be required to “top-up” their empowerment credentials. The Minerals Council has sought a judicial... →

Chip uncertainty causing PGMs price uncertainty – chief investment officer

By: Martin Creamer 22nd September 2021 The general feeling is that chip capacity will slowly start coming back in the next few months, but only to return the auto industry back to where it was pre-Covid, and not to the post-Covid surge, which resulted in platinum group metals (PGMs) prices going through the roof. If the global auto... →

Integral Asset Management Chief Investment Officer Bruce Williamson interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Exxaro, Cennergi developing 70 MW solar project in Lephalale

By: Simone Liedtke 22nd September 2021 Diversified miner Exxaro Resources’ renewable energy subsidiary, Cennergi, will develop the 70 MW Lephalale solar project to supply the Grootegeluk coal mine, near Lephalale, Limpopo. The group announced on Wednesday that Exxaro Coal and Cennergi had concluded a term sheet, setting out material... →

Exxaro's Tshikondeni Microgrid

Coal industry needs to acknowledge ‘just transition’, says Exxaro CEO-designate

By: Simone Liedtke 22nd September 2021 Considering the polarising views on the coal industry’s importance, diversified mining and energy company Exxaro Resources CEO-designate Dr Nombasa Tsengwa believes the industry must acknowledge the “just transition” from coal to renewables as both a manner of going green, and a chance for mining... →

Iron-ore storms past $100 as China soothes Evergrande concerns

By: Bloomberg 22nd September 2021 Iron-ore’s roller-coaster ride in 2021 shows no signs of easing, with prices ending an unprecedented slump to move sharply higher as investors monitor simmering debt troubles at China Evergrande Group. The developer’s onshore property unit said it reached an agreement with yuan bondholders on an... →

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