R/€ = 17.47 Change: 0.03
R/$ = 15.06 Change: 0.02
Au 1795.23 $/oz Change: 7.13
Pt 1013.99 $/oz Change: -5.51

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Sibanye-Stillwater well positioned as climate resilient business – Froneman 

By: Martin Creamer     27th October 2021 Precious and green metals company Sibanye-Stillwater is well positioned as a climate-change resilient business in the future green economy, says CEO Neal Froneman, who emphasises environmental social governance (ESG) as being core to the company’s strategy as it achieves its objective of building... 

Creamer Media screenshot taken during online webinar October 2021
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Sibanye expands tailings retreatment exposure through 20% stake in Australian company 

By: Chanel de Bruyn     27th October 2021 JSE- and NYSE-listed Sibanye-Stillwater has entered into investment agreements to acquire a 19.99% shareholding in ASX-listed New Century Resources, which owns the Century tailings zinc retreatment operations in Queensland, Australia. Sibanye says the transaction, which is expected to close by... 

A photo of Neal Froneman
Sibanye CEO Neal Froneman

RBPlat's shares rise on buyout offer from Implats

By: Chanel de Bruyn     27th October 2021 Platinum group metals (PGMs) miner Royal Bafokeng Platinum's (RBPlat's) share price on the JSE rose by more than 23% on Wednesday morning after shareholders were informed that fellow PGMs miner Impala Platinum (Implats) had made a nonbinding indicative proposal to acquire RBPlat. RBPlat and... 

A photo of the Bafokeng Rasimone Platinum Mine Concentrator plant
The Bafokeng Rasimone Platinum Mine Concentrator plant

Katoro seeking to list Blyvoor JV on the LSE

By: Tasneem Bulbulia     27th October 2021 Aim-listed Katoro Gold and Target Mine Consulting (TMC) have agreed to seek admission for 100% of the Blyvoor joint venture (JV) project by vending each of their interests into a new company to be listed on the standard list of the LSE. Admission will be accompanied by an initial public offering... 

Bushveld Minerals reaches agreement on settlement of $11.5m in loan notes

By: Creamer Media Reporter      27th October 2021 Integrated primary vanadium producer and energy storage solutions provider Bushveld Minerals has reached an agreement regarding the repayment of $11.5-million in unsecured convertible loan notes held by Duferco Participations Holding. The $11.5-million in notes was due to be repaid by November 8... 

First Quantum tweaks copper guidance, reports Zambia shipping challenges 

By: Mariaan Webb     27th October 2021 Canada-based First Quantum has narrowed its total copper production guidance for the year by 15 000 t to a range of 800 000 t to 835 000 t, as it adjusted expectations for output from Cobre Panama mine, as well as Kansanshi and Senitel, in Zambia. The lower end of the guidance range for Cobre... 

An image of a truck operating at Sentinel

Exxaro sending a delegation to COP26

By: Creamer Media Reporter      27th October 2021 Resources company Exxaro Resources is sending several of its executives and sustainability experts to form part of the South African delegation to participate at the COP26 climate change summit, which is being held in Glasgow, Scotland, from October 31 to November 12. COP26 convenes global... 

Zimbabwe miners losing 20% of export proceeds to exchange rate distortions – report

By: Reuters     27th October 2021 Zimbabwe's miners are losing 20% of their export proceeds due to a widening gap between the official and black market currency exchange rate, an industry report showed on Wednesday. The Zimbabwe dollar is trading at 93 to the dollar on the official market, but is quoted as low as 180 against the... 

Ounces added at Gruyere

By: Esmarie Iannucci     27th October 2021 Gold miner Gold Road Resources has reported a 1.07-million ounce increase to the ore reserve of the Gruyere joint venture (JV), in Western Australia. At the end of September, the openpit reserve was estimated at 110.4-million tonnes, grading 1.28 g/t gold for 4.54-million ounces, a 31% increase... 

Despite coup, Orca confident Sudan mine will go-ahead

By: Mariaan Webb     27th October 2021 Vancouver-based Orca Gold’s share price partially recovered on Tuesday, following a sharp sell off the previous day on news of a military coup in Sudan, where the company is developing the Block 14 mine. The Canadian Venture Exchange-listed company’s stock gained 12.5% on Tuesday, closing at... 

An image of exploration work at Block 14, Sudan

Indonesian Minister backs plans for new copper smelter in Papua

By: Reuters     27th October 2021 An Indonesian cabinet minister is pushing for American mining giant Freeport McMoRan to be allowed to expand its copper concentrate output so as to supply a planned smelter in the easternmost region of Papua, he said on Wednesday. Investment Minister Bahlil Lahadalia said many people in the... 

China agrees plan to cap key coal price to ease energy crisis

By: Bloomberg     27th October 2021 China plans to limit the price miners sell thermal coal for as it seeks to ease a power crunch that’s prompted electricity rationing and even caused a blackout in a major city last month. Beijing aims to cap the price of its most-popular 5 500-NAR grade coal at 440 yuan ($69) a ton at the... 

China agrees plan to cap key coal price to ease energy crisis

Load-shedding moved to Stage 4

By: Creamer Media Reporter      27th October 2021 Power utility Eskom has announced that it will implement Stage 4 load-shedding from 12:00 on Wednesday to 05:00 on Friday. Thereafter Stage 2 load-shedding will continue until 05:00 on Saturday. 

A photo of Eskom's Lethabo power station
Photo by Creamer Media's Terence Creamer
Eskom's Lethabo power station

Coal piles drop to 24-year low at US utilities on demand surge

By: Bloomberg     27th October 2021 Coal stockpiles at US power plants plunged to the lowest in at least 24 years as electricity generators burn the fuel faster than miners can dig it out of the ground. Inventories fell to 84.3-million tons in August, according to government data released Tuesday. That’s the lowest in records... 

An image of a power station

Fresnillo facing staff shortage after Mexico's labour reforms

By: Reuters     27th October 2021 Mexico-focused precious metals miner Fresnillo said on Wednesday that some of its mines were grappling with a staff shortage as new labour reforms in the Latin American country restricted the hiring of subcontractors. The company, which owns seven operating mines in the Latin American nation,... 

Senior industry executive steps in as PureGold GM

By: Mariaan Webb     27th October 2021 The PureGold mine in Red Lake, Ontario, has a new mine general manager, based in Madsen, to take the operation through its next phase of growth. The company announced on Wednesday that director Maryse Bélanger has stepped into the role to oversee the day-to-day operations of the mine. Bélanger... 

Maiden resource reported at Golden Swan

By: Esmarie Iannucci     27th October 2021 Nickel developer Poseidon Nickel has reported an maiden resource of 111 600 t, at 4.7% nickel, for 5 200 t of contained nickel at its Golden Swan deposit, at the Black Swan project, in Western Australia. “The Golden Swan Resource is a significant development in the progress towards restarting... 

Newmont declares dividend

By: Creamer Media Reporter      27th October 2021 Gold major Newmont declared a quarterly dividend of $0.55 a share on Tuesday, ahead of the release of its third-quarter results on Wednesday. The quarterly dividend is payable on December 28 to holders of record on December 9. 

Restart for Chatree on the cards - Kingsgate

By: Esmarie Iannucci     27th October 2021 ASX-listed Kingsgate Consolidated on Wednesday announced that work to restart operations at its Chatree gold mine, in Thailand, could get underway by December. Kingsgate was forced to place its Chatree gold miner on care and maintenance at the start of 2017, after the Thai government in 2016... 

Teck's C$1bn quarterly profit helped by steelmaking coal

By: Mariaan Webb     27th October 2021 Canadian diversified miner Teck Resources has posted record third-quarter results, helped by strong commodity prices, particularly for steelmaking coal. Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) was a record C$2.1-billion in the third quarter – more than... 

An image of Teck CEO Don Lindsay
Teck CEO Don Lindsay

Barossa tracking to plan - Gallagher

By: Esmarie Iannucci     27th October 2021 Oil and gas major Santos on Wednesday said that its $2.6-billion Barossa project is running on schedule and within budget, and is now about 15% complete. First gas from Barossa is targeted for the first half of 2025. 

Image shows Santos workers at an un-named plant

NT advances CCUS hub with LNG producers

By: Esmarie Iannucci     27th October 2021 The Northern Territory government has signed an agreement with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), a number of industry players and engineering companies to fast-track emissions reduction across Northern Australia’ energy sector. The agreement will see all... 

GEV hopes for hydrogen production by 2026

By: Esmarie Iannucci     27th October 2021 ASX-listed Global Energy Ventures (GEV) has unveiled plans to develop a green hydrogen export project on the Tiwi Islands, in the Northern Territory, with a phased capacity of up to 2.8 GW, producing up to 100 000 t/y of green hydrogen for export. GEV is proposing a staged approach to... 

Oil Search narrows full year guidance

By: Esmarie Iannucci     27th October 2021 Oil and gas producer Oil Search has reported a strong quarter in the three months to September, as operating revenues and production rose. Operating revenues for the September quarter was up 12% on the previous quarter, to $409-million, as liquefied natural gas (LNG) and gas realised prices... 

FFI makes CEO appointment in the US

By: Esmarie Iannucci     27th October 2021 The green energy arm of iron-ore major Fortescue, Fortescue Future Industries (FFI) has appointed energy industry expert Paul Browning as president and CEO of FFI North America effective January 1. Browning has been president and CEO of Mitsubishi Power Americas since 2016, overseeing a team... 

Rio partners on CCS in Iceland

By: Esmarie Iannucci     27th October 2021 Major Rio Tinto has partnered with carbon storage solutions provider to implement a technology for capturing carbon and permanently storing it underground at the ISAL aluminium smelter in Iceland. Under a memorandum of understanding (MoU) for a strategic partnership, Carbfix will use Rio’s land... 

An image of the Rio Tinto ISAL smelter
Rio Tinto's ISAL smelter

Mitsubishi invests in Queensland skills

By: Esmarie Iannucci     27th October 2021 Mitsubishi Development (MD) and the University of Queensland (UQ) have joined forces to create a new digital technologies curriculum for mining engineering students, in a move that has been welcomed by both the state government and the resources sector. MD will invest A$750 000 over the next... 

Image of rubber boots

Lindi Jumbo project on track

By: Tasneem Bulbulia     26th October 2021 ASX-listed graphite developer Walkabout Resources says its mine construction schedule at the Lindi Jumbo graphite mine, in Tanzania, is on track. An engineering, procurement and construction (EPC) contract for the Lindi Jumbo graphite process plant has been concluded with Yantai Jinpeng Mining... 

Sylvania achieves record PGM performance at Tweefontein

By: Simone Liedtke     26th October 2021 Aim-listed Sylvania Platinum achieved a record platinum-group metal (PGM) production performance at its Tweefontein project, which contributed 2 209 oz towards the Sylvania Dump Operations (SDO) achieving 15 771 oz of platinum, palladium, rhodium and gold (4E) output in the first quarter of the... 

Colombia's shelving of environmental licence to delay AngloGold project

By: Reuters     26th October 2021 AngloGold Ashanti's Quebradona copper project in Colombia will be delayed by the shelving of an environmental permissioning process, a company spokesperson said on Tuesday. Colombia's environmental licensing authority announced the decision to shelve the request - rather than accept or reject it... 

Parties sign terms of reference to catalyse mining industry modernisation  

By: Donna Slater     26th October 2021 Representatives of the Mandela Mining Precinct (MMP) and five labour unions on October 26 signed an agreement on the terms of reference for the parties to collaborate on modernising the South African mining industry, resulting in the formation of the MMP – Organised Labour Consultative (OLC)... 

Mandela Mining Precinct and labour unions launch Organised Labour Consultative forum with terms of reference signing

Eskom’s R178bn grid plan points to ‘scary’ step change in expansionary capex 

By: Terence Creamer     26th October 2021 State-owned electricity utility Eskom has outlined a R178-billion grid investment plan for the coming ten years, which is premised on a dramatic acceleration of expansionary capital expenditure. The Transmission Development Plan (TDP) for the period 2022 to 2031 is largely geared towards... 

Eskom group executive for transmission Segomoco Scheppers
Photo by Creamer Media's Donna Slater
Eskom group executive for transmission Segomoco Scheppers

Botswana delivers first iron-ore exports to China

By: Reuters     26th October 2021 Botswana's first iron-ore mine, Ikongwe, has started production and delivered its maiden exports to China, a company official told Reuters on Tuesday, as the Southern African country makes headway in efforts to diversify its economy away from diamonds. Although diamond mining's contribution to... 

Platinum's atypical alkaline electrolyser role lowering hydrogen cost outlook 

By: Martin Creamer     26th October 2021 Platinum group metals (PGMs) are lifting the performance of an alkaline electrolyser, which is helping to lower the cost outlook of green hydrogen. PGMs have been incorporated in the catalytic coatings of the electrodes of the prototype Advanced Alkaline Electrolyser (AAE) alkaline electrolyser... 

Creamer Media screenshot of Hydrox electrolyser.
Photo by Creamer Media
Hydrox’s PGM-using alkaline electrolyser.

Provisional liquidator of Zambia's KCM denies theft, money laundering

By: Reuters     26th October 2021 The state-appointed provisional liquidator of Zambia's Konkola Copper Mines (KCM) on Tuesday appeared in court and denied charges of money laundering and the theft of 4.4-million Zambian kwacha ($257 450). Zambia's Drug Enforcement Commission, which also handles money-laundering cases, last month... 

Fossil-fuel divestment supported by investors with $39tr

By: Bloomberg     26th October 2021 About 1 500 investment institutions overseeing a combined $39.2-trillion of assets are now committed to divesting from fossil fuels, according to a report issued Tuesday by DivestInvest. That’s a huge increase from $52-billion across 181 institutions in 2014, the first year the group tallied such... 

New discovery affirms Brucejack's district-scale potential

By: Mariaan Webb     26th October 2021 Canadian miner Pretium Resources (Pretivm) has made a new high-grade gold exploration discovery at the Golden Marmot Zone of Brucejack, affirming the district-scale potential of its property in northern British Columbia. The gold mineralisation intersected at Golden Marmot occurred in the same... 

An image of the Brucejack mine

Sibanye-Stillwater pushes ‘green’ metals strategy with $1bn nickel/copper buy 

By: Mariaan Webb     26th October 2021 Precious metals major Sibanye-Stillwater on Tuesday announced its fourth transaction in the battery metals sector, with the $1-billion acquisition of the Santa Rita nickel mine and the Serrote copper mine, in Brazil, from private-equity fund Appian Capital Advisory. Santa Rita is a big... 

An image of a copper mine plant
The plant at the Serrote copper mine.

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