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Authorities laudably supportive of grid-tied Pan African solar project – coordinator 

By: Martin Creamer     22nd September 2020 The authorities have been laudably supportive of the R150-million grid-tied photovoltaic solar project that is to be built to supply electricity to Pan African Resources’ highly successful Elikhulu tailings retreatment plant in Evander, Mpumalanga. The nigh-10 MW solar plant, which is expected to... 

Authorities laudably supportive of grid-tied Pan African solar project – coordinator
Photo by Pan African Resources
Elikhulu tailings retreatment plant at Evander, in Mpumalanga.

Council for Geoscience starts deep drilling in Karoo basin 

By: Marleny Arnoldi     22nd September 2020 The Council for Geoscience (CGS) on September 21 launched Phase 2 of the Karoo Deep Drilling and Geo-environmental Base Programme (KDD), in Beaufort West. The council, as mandated by the Department of Minerals and Energy, in 2016 initiated the research programme to investigate the resource... 

Council for Geoscience starts deep drilling in Karoo basin

Gold miners have important role to play in meeting the UN SDGs 

By: Simone Liedtke     22nd September 2020 The gold industry can play a major role in helping to address the many social, economic and environmental challenges facing the world, while also expanding its overall contribution to meeting the United Nations Sustainable Development Goals, says AngloGold Ashanti nonexecutive director Kojo... 

Gold miners have important role to play in meeting the UN SDGs
World Gold Council CFO Terry Heymann

Nersa says Eskom must be buyer of IPP power arising from new determination 

By: Terence Creamer     22nd September 2020 The National Energy Regulator of South Africa (Nersa) says that Eskom should remain the buyer of the electricity produced by independent power producers (IPPs) and procured by the Department of Mineral Resources and Energy (DMRE) in line with a new Section 34 Ministerial determination for 11 813... 

Nersa says Eskom must be buyer of IPP power arising from new determination

Weekly Coal Index Report

By: Creamer Media Reporter      22nd September 2020 The energy complex had a mixed week, with oil prices recovering and natural gas and emissions prices mixed. Australian coal prices have been catching up to SA prices as Chinese domestic coal prices (based on the Bohai-Rim Steam-Coal Price Index) have proved more robust, with several mines... 

Weekly Coal Index Report

Ivanhoe accelerates Kamoa-Kakula expansion to 7.6Mt/y

By: Mariaan Webb     22nd September 2020 Toronto-listed Ivanhoe Mines is accelerating its Kamoa-Kakula expansion in the Democratic Republic of Congo to prepare for an expected surge in copper demand that will outstrip supply. The expansion of Kakula processing plant from 3.8-million tonnes a year to 7.6-million tonnes a year would be... 

Ivanhoe accelerates Kamoa-Kakula expansion to 7.6Mt/y
Aerial picture of Kakula's initial 3.8-million-tonne-a-year processing plant under construction.

De Beers cuts prices for smaller diamonds

By: Bloomberg     22nd September 2020 De Beers has cut prices for smaller diamonds in its latest move to draw customers back to the market after the coronavirus froze up trading in precious stones. The company had already discounted bigger and more expensive stones last month for the first time since the pandemic struck. It’s now... 

Sibanye-Stillwater looking to buy gold mines outside South Africa

By: Reuters     22nd September 2020 Sibanye-Stillwater CEO Neal Froneman said on Monday he wanted to increase the mining company's exposure to gold, but added that it was a difficult time to do deals. "We really do like gold," Froneman told the Gold Forum Americas conference. The precious metal which has surged 27% this year only... 

Gold industry needs further consolidation, says Barrick’s Bristow

By: Mariaan Webb     22nd September 2020 The gold industry still has a mismatch of assets in too many managers’ hands and is in need of further consolidation, says gold major Barrick CEO Mark Bristow. Speaking at the virtual Gold Forum Americas conference, he said that the industry had come a long way in 18 months, but that the job was... 

Gold industry needs further consolidation, says Barrick’s Bristow
Barrick CEO Mark Bristow

Less than half the gold sent to big refiners comes from mines - LBMA

By: Reuters     22nd September 2020 Less than half the gold processed by major refiners in 2018 came from large industrial mines, the London Bullion Market Association said on Tuesday, publishing data revealing for the first time the origin of bullion moving through its system. The LBMA said refiners it accredits, which dominate... 

Gold miners insist they won't splurge despite price surge

By: Reuters     21st September 2020 The world's top gold miners sought to reassure investors on Monday that they're not going on a spending spree despite surging gold prices boosting their shares and free cash flow. Miners are opting to give more cash back to shareholders rather than plotting takeovers which the market may... 

Gold miners insist they won't splurge despite price surge

Shanta expanding New Luika's processing capacity

By: Tasneem Bulbulia     22nd September 2020 Aim-listed Shanta Gold has started work to expand the processing capacity at the New Luika gold mine (NLGM) in south-west Tanzania. The integration of a new 10 t/h pilot plant is under way, with commissioning scheduled for January 2021. The pilot plant was bought in 2016 for the Singida... 

Vast director Mabhudhu head-hunted by Zimbabwe State-owned diamond company

By: Donna Slater     22nd September 2020 Aim-listed gold, diamonds and polymetals miner Vast Resources reports that its executive director Mark Mabhudhu has received and accepted an offer to join the government-owned Zimbabwe Consolidated Diamond Company (ZCDC) as CEO, starting immediately. Mabhudhu’s acceptance of the offer followed a... 

Katoro makes ‘significant progress’ in Covid-19 characterised interim period

By: Simone Liedtke     22nd September 2020 In a year where “significant progress” was made, in spite of a range of challenges to people and businesses, as a result of Covid-19, Aim-listed gold producer Katoro Gold recovered from is earnings loss for the six months to June 30, 2020, and ended with basic and diluted earnings a share... 

Giyani to start drilling programme at Botswana manganese project

By: Simone Liedtke     22nd September 2020 TSX-V-listed Giyani Metals has started a feasibility study field programme for its K.Hill manganese project, in Botswana, with the appointment of a drilling contractor, project management and geological services contract and their imminent mobilisation. The 2020 field programme follows Giyani’s... 

Metal industry sees no need for LME green aluminium platform

By: Reuters     22nd September 2020 The London Metal Exchange does not need a separate platform to trade low carbon aluminium and should focus instead on services its users need more urgently, such as a euro-denominated steel contract, metal industry sources told Reuters. As pressure mounts on investors and companies to prove their... 

Musk say Tesla plans new $25 000 EV in about three years

By: Bloomberg     Updated 5 minutes ago Tesla plans to manufacture a car that will cost $25 000 in about three years’ time, fulfilling an elusive long-term objective to sell a cheap mass-market electric vehicle, CEO Elon Musk said Tuesday. “This has always been our dream from the very beginning,” Musk said at an event showcasing... 

Musk say Tesla plans new $25 000 EV in about three years
Elon Musk

Russian lawmakers support tax hike for mining companies, oil industry at first reading

By: Reuters     22nd September 2020 Russian lawmakers on Tuesday supported a plan by the finance ministry to increase taxes for some mining companies and the oil industry, in the first of three readings in the State Duma, Russia's lower house of Parliament. Moscow is trying to plug holes in its budget and announed the plan, which... 

Freeport aims for Copper Mark at six sites

By: Creamer Media Reporter      22nd September 2020 US copper major Freeport-McMoRan has announced its commitment to the Copper Mark - an assurance framework that demonstrates the industry’s responsible production practices and contribution to the United Nations Sustainable Development Goals. It is the first and only framework developed... 

Freeport aims for Copper Mark at six sites
Freeport-McMoRan CEO Richard Adkerson

European Lithium raises cash to advance ‘strategic’ Austria project

By: Mariaan Webb     22nd September 2020 Australian exploration and development company European Lithium (EUR) has raised A$2.1-million to continue to advance its Wolfsberg project, in Austria – close to some of the European Union’s (EU’s) largest lithium import markets. The share placement at $0.045 a share was strongly supported by... 

Superior Lake working on US uranium strategy

By: Mariaan Webb     22nd September 2020 Perth-based Superior Lake Resources said on Tuesday that it was working on a US uranium strategy, announcing that the exclusivity period on assets held by Premier Uranium in Wyoming and Utah had been extended. Superior in June announced a three-month exclusive option to conduct due diligence on... 

Another 175 redundancies at New Acland

By: Mariaan Webb     22nd September 2020 Coal miner New Hope has announced that another 175 people are to be made redundant at its New Acland coal mine, as it continues to wait for final approvals to expand the Queensland mine. The company last month announced 23 redundancies at the corporate office and the Brisbane port facility. 

Australian junior to earn into Quebec gold/copper project

By: Creamer Media Reporter      22nd September 2020 Australia-based junior Mont Royal Resources has entered into a joint venture option agreement with TSX-V-listed Azimuth Exploration to earn up to 70% of the Wapatik gold/copper project, in James Bay, Quebec. The Wapatik project consists of 220 claims totalling 115 km2 in continuous tenure. 

Newcrest announces board changes

By: Creamer Media Reporter      22nd September 2020 Gold miner Newcrest Mining has announced two changes to its board of directors: the appointment of Sally-Anne Layman and the retirement of Xiaoling Liu. The company says Layman, who will join the board as nonexecutive director on October 1, brings mining and corporate finance experience to the... 

Carawine completes Thunderstruck acquisition at Tropicana North

By: Mariaan Webb     22nd September 2020 Gold and base metals explorer Carawine Resources has wrapped up the acquisition of two exploration licences from Thunderstruck Investments at its Tropicana North project, in Western Australia. The company announced earlier this month that it would acquire a 90% interest in two granted licences... 

Rio Tinto to develop bonded area operations for blending iron-ore at Dalian port

By: Reuters     22nd September 2020 Anglo-Australian miner Rio Tinto has signed a pact to jointly develop its first bonded area operations to blend iron-ore in China's port of Dalian, the company said on Tuesday, as it moves to widen offerings for customers across Asia. China, the world's top iron-ore consumer, brought in more... 

Australian miners comment on Morrison’s tech roadmap

By: Mariaan Webb     22nd September 2020 Australian resources companies are already developing and trailing a number of technologies identified in the Technology Investment Roadmap and will play a critical role in mining the minerals required for a low-emissions future, says Minerals Council of Australia CEO Tania Constable. Energy and... 

Australian miners comment on Morrison’s tech roadmap
Energy and Emissions Reductions Minister Angus Taylor

Ecuador referendums can only apply to future mining rights

By: Mariaan Webb     22nd September 2020 The Ecuador Constitutional Court on Monday ruled that referendums relating to mining activities would be allowed, but that they would only apply to future mining rights that were not yet granted and that they could not be retroactively applied to concessions granted prior to the referendum.... 

Maverix acquires gold royalties from Newmont

By: Mariaan Webb     22nd September 2020 Royalty and streaming company Maverix Metals will acquire 11 gold royalties of Newmont Gold assets located in Mexico, the US, Canada and Guatemala for $90-million, comprising $75-million in an upfront payment and the balance once certain production milestones are achieved. Maverix will issue to... 

Butler retires as Omnia director

By: Donna Slater     21st September 2020 Frank Butler will retire as director of chemicals company Omnia at the company’s annual general meeting on September 23. He has served on the board since September 2002 and is chairperson of the board's social, ethics and risk committee.  

Kinross Gold CEO sees 'very low' risk of unrest spreading to Mauritania

By: Reuters     21st September 2020 Canadian gold miner Kinross Gold said it saw a "very low" risk of political unrest in Mali spreading to Mauritania, its neighbour to the north where Kinross has a gold mine with plans to expand. "We don't see the Mali issue coming to Mauritania," CEO Paul Rollinson told the Gold Forum Americas... 

Elementos to revise EIS for Spain tin project

By: Creamer Media Reporter      21st September 2020 ASX-listed Elementos has appointed consultant Environmental Resources Management (ERM) to update the environmental impact study (EIS) for its flagship Oropesa tin project, in Spain. Completed by the project’s previous owner, Eurotin, the EIS is being revised to better align with the company’s... 

Arc Minerals intersects oxide and sulphide mineralisation at Fwiji target in Zambia

By: Donna Slater     21st September 2020 Copper and cobalt miner Arc Minerals reports that a maiden diamond drilling programme at the Fwiji target at the Zamsort and Zaco licence areas in north western Zambia, has intersected oxide and sulphide mineralisation. Nine holes have been drilled to date at Fwiji over an area of more than 1... 

Global chromium production impacted by Covid-19 outbreak, says ICDA

By: Schalk Burger     21st September 2020 Global chromium production impacted by Covid-19 outbreak, says ICDA Chromium production and consumption remained constrained during the second quarter of this year, in line with lockdown restrictions implemented in various countries, says the International Chromium Development Association (ICDA). 

Brazilian steelmaker CSN board okays IPO of mining unit

By: Reuters     21st September 2020 Brazilian steelmaker Companhia Siderurgica Nacional said its board has approved an initial public offering by its mining unit CSN Mineracao SA, according to a securities filing on Monday. CSN said the offering aims at funding CSN Mineracao's business plan, as well as creating value for the... 

Calidus to acquire high-grade Blue Spec project near Warrawoona

By: Donna Slater     21st September 2020 ASX-listed gold explorer Calidus Resources has entered into a binding agreement with TSX-listed gold explorer Novo Resources to acquire the high-grade Blue Spec project, located about 70 km from Calidus’ 100%-owned proposed Warrawoona gold project. The acquisition leases lie immediately adjacent... 

Senex awarded additional acreage

By: Donna Slater     21st September 2020 The Queensland government has awarded ASX-listed oil and gas company Senex Energy preferred tenderer status for a 486 km2 natural gas exploration block, PLR2020-1-9, located on trend between the Scotia and Meridian gas fields in the Bowen basin. This was done as part of the Queensland... 

Cobalt demand for 5G technology to challenge electric vehicles

By: Reuters     21st September 2020 The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years and potentially pit the sector against electric vehicle makers. Larger batteries, using lithium cobalt oxide chemistry (LCO), are needed in... 

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