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Computing, food tech among many new PGM opportunity areas ­– Anglo Platinum

By: Martin Creamer     Updated 39 minutes ago The computing world is an opportunity area for platinum group metals (PGMs), along with food technology, alloy development, medical advance, waste control, battery and storage  – and that is on top of the now much-celebrated and pervasive green hydrogen feedstock phenomenon. JSE-listed Anglo... 

Picture of Ntascha Viljoen from Creamer Media files.
Anglo Platinum CEO Natascha Viljoen

Tax from ‘resilient’ mining sector underpins R38.9bn post-riot relief package 

By: Terence Creamer     Updated 25 minutes ago Tax revenues from South Africa’s high-flying mining industry have provided the financial underpin for a new R38.9-billion relief package unveiled by Finance Minister Tito Mboweni on Wednesday to support businesses devastated by recent looting and property destruction and to provide ongoing relief... 

First Quantum shelves stake sale for Zambia copper mines

By: Reuters     Updated 39 minutes ago Canadian copper miner First Quantum Minerals has shelved plans to sell a stake in its Zambian copper mines, COO Tristan Pascall said on Wednesday. China’s Jiangxi Copper Co had been speculated as a potential suitor for minority interests in First Quantum’s Kansanshi and Sentinel mines.... 

First Quantum shelves stake sale for Zambia copper mines

Higher basket price, sales volumes to lift Implats’ full-year earnings

By: Donna Slater     Updated 50 minutes ago JSE-listed platinum group metals (PGMs) producer Impala Platinum (Implats) reports that a significant increase in the dollar basket price for PGMs, together with higher sales volumes of platinum, palladium, ruthenium, rhodium, iridium and gold (6E), resulted in higher revenue and improved... 

Caledonia highlights 99% local employment in ESG report

By: Marleny Arnoldi     Updated 1 hour 37 minutes ago In its inaugural environment, social and governance (ESG) report covering its 2020 operational performance at its Blanket mine, in Zimbabwe, London-listed Caledonia Mining Corporation has highlighted some of its key achievements. These include that 99% of its 1 671 employees and contractors... 

Papillon plans to also list on the Nairobi Securities Exchange

By: Tasneem Bulbulia     Updated 2 hours 17 minutes ago Papillon Holdings, which will be renamed Caracal Gold, has appointed Kenya-based Faida Investment Bank as its financial adviser and joint broker, in relation to a proposed listing of the company on the Nairobi Securities Exchange (NSE). This follows the publication of its prospectus on July 20... 

Wescoal’s output set to increase in the 2022 financial year

By: Marleny Arnoldi     Updated 5 hours ago JSE-listed Wescoal has advised shareholders that it has started its 2022 financial year off well, delivering 2.24-million run-of-mine (ROM) tonnes in the quarter ended June 30. This compares with 2.2-million ROM tonnes produced in the quarter ended June 30, 2020, and 1.82-million ROM tonnes... 

Petra recovers 342.92 ct diamond at Cullinan

By: Tasneem Bulbulia     Updated 5 hours ago London-listed Petra Diamonds has recovered a 342.92 ct Type IIa white diamond of “exceptional” quality, in terms of both its colour and clarity, at the Cullinan mine in South Africa. The diamond is likely to be sold at the company’s upcoming tender in September. 

An image showing the exceptional 342.92 carat Type IIa white diamond recovered at Cullinan in July 2021
Photo by Petra Diamonds
342.92 ct Type IIa white diamond

De Beers records strong sixth-cycle sales

By: Tasneem Bulbulia     Updated 7 hours ago Diamond miner De Beers Group sold about $510-million of rough diamonds in its sixth sales cycle of the year. Sales were significantly higher than the $116-million of rough diamonds sold in the sixth sales cycle of 2020.  It is also higher than the $477-million of rough diamonds sold during the... 

Glencore starts vaccinating South African staff

By: Marleny Arnoldi     Updated 30 minutes ago Diversified miner Glencore Operations South Africa has started vaccinating its staff members who are 50 years and older. The company has already managed to reach hundreds of employees with its vaccine rollout, which started on the morning of July 26, at the Waterval East mine, near... 

AECI delivers strong performance as trading environment normalises post-Covid

By: Simone Liedtke     Updated 45 minutes ago Diversified chemicals company AECI delivered a strong performance for the six months to June 30. The trading environment began to normalise during the second half of 2020 following the world’s recovery from the initial waves of Covid-19 infections. This improvement trend continued into this year,... 

PIC OF AECI CEO Mark Dytor
AECI CEO Mark Dytor

Rio posts record results

By: Esmarie Iannucci     Updated 5 hours ago Diversified major Rio Tinto has reported record financial results for the six months to June, with sales revenues up by 71% on the previous corresponding period, and underlying earnings up 156%. “Government stimulus in response to ongoing Covid-19 pressures has driven strong demand for our... 

Power Metal exercises option to acquire Tati gold/nickel project in Botswana

By: Tasneem Bulbulia     Updated 28 minutes ago Aim-listed Power Metal Resources has exercised its option to acquire a 100% interest in two gold/nickel exploration licences located within the Tati Greenstone Belt, near Francistown, Botswana, through its local wholly owned operating subsidiary Power Metal Resources Botswana. "The Tati... 

Alphamin drilling programmes at Mpama North, South mines to provide ‘excellent synergies’

By: Simone Liedtke     Updated 35 minutes ago Tin miner Alphamin Resources has received additional high-grade assay results from its Mpama South exploration drilling programme, while simultaneously starting its life-of-mine extension drilling at the high-grade Mpama North mine, in the Democratic Republic of the Congo. Alphamin has, so far,... 

Ex Rio Tinto chief Walsh joins Aboriginal group's board

By: Reuters     Updated 3 hours ago Sam Walsh, a former CEO of Rio Tinto, has joined the board of an Aboriginal group on whose traditional lands in Western Australia Rio Tinto and BHP Group have operations. The appointment announced by Banjima Native Title Aboriginal Corporation on Tuesday comes after a particularly fraught period... 

An image of Sam Walsh
A former CEO of Rio Tinto, Sam Walsh

Demand for traditional and nontraditional nuclear power growing – Cameco

By: Mariaan Webb     Updated 3 hours ago Uranium major Cameco is excited about the future of nuclear power generation, CEO Tim Gitzel said on Wednesday, stating that demand for both traditional and nontraditional uses of nuclear power was growing as the focus on electrification took hold. The vertically integrated company believes it... 

An image of Cameco CEO Tim Gitzel
Cameco CEO Tim Gitzel

Bluejay to sell Finnish assets to dedicated battery metals firm

By: Mariaan Webb     Updated 4 hours ago Greenland-focused explorer and developer Bluejay Mining has announced the proposed sale of two projects in Finland to a dedicated battery metals group in which it will become a significant shareholder. Bluejay has signed a binding term-sheet and entered into a conditional agreement for the sale... 

Resources Watch  

Updated 4 hours ago This week: Extremely strong demand for platinum bar and coin; Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers; and, Mine achieves massive earnings boost after employing four more people 

Resources Watch

Work on Isaac Downs to start next month

By: Esmarie Iannucci     Updated 5 hours ago Construction on the A$82-million extension of the Isaac Plains metallurgical coal mine, in Queensland, is expected to start next month. Resources Minister Scott Stewart on Wednesday announced the final government approvals and go-ahead for Isaac Downs mine, a third mine on the Isaac Plains... 

Cobre Panama making good progress – First Quantum

By: Mariaan Webb     Updated 5 hours ago The Cobre Panama copper and gold mine – one of Panama’s biggest ever investments – is making good progress following last year’s Covid-19-related production interruptions, Canadian miner First Quantum reported on Tuesday. The mine produced 81 8686 t of copper and 36 290 oz of gold in the second... 

Nova beats IGO expectations

By: Esmarie Iannucci     Updated 6 hours ago Metals miner Independence Group (IGO) has reported a strong finish to its 2021 financial year, with the Nova base metals project, in Western Australia, delivering above expectations. During the quarter ended June, Nova produced 7 88 7 of nickel and 3 538 t of copper, taking full year production... 

Teck lowers FY coal guidance on BC wildfire rail disruptions

By: Mariaan Webb     Updated 6 hours ago Canadian diversified mining major Teck Resources has lowered its full-year guidance for metallurgical coal by half-a-million tonnes, owing to wildfires in British Columbia disrupting coal transportation. The full-year coal guidance has been lowered to between 25-million and 26-million tonnes and... 

Australian Mines raises funds

By: Esmarie Iannucci     Updated 7 hours ago ASX-listed Australian Mines will raise A$6.5-million in an institutional placement as it readies to produce its first precursor cathode active material (P-CAM) from its pilot processing facility. The company has received firm commitments for the placement of 342.1-million new shares, at a price... 

Chile regulator files charges against Canada's Lundin over blasting

By: Reuters     Updated 7 hours ago Chile's environmental regulator said on Tuesday that it had filed charges against Canadian miner Lundin's Candelaria copper mine for breaches in its operational permits, including violations related to its blasting operations. The Andean country's environmental regulator, SMA, said it had... 

Capricorn invests in new gold

By: Esmarie Iannucci     28th July 2021 ASX-listed Capricorn Metals has inked an acquisition agreement over the Mt Gibson gold project, in Western Australia. Under the terms of the agreement, Capricorn would pay A$39.6-million for the Mt Gibson tenements, consisting of A$25.6-million in cash, a further A$14-million to seller Avenger... 

Bowen's scoping studies prove up

By: Esmarie Iannucci     28th July 2021 Scoping studies into the Broadmeadow East and Isaac River opencut coking coal projects, in Queensland, has proven positive for junior Bowen Coking Coal. The ASX-listed company on Wednesday reported that the results of a first stage independent scoping studies have indicated a run of mine (ROM)... 

Bayu-Undan beats expectations - Santos

By: Esmarie Iannucci     28th July 2021 Oil and gas major Santos on Wednesday reported that production from the Phase 3C infill drilling programme at the Bayu-Undan field had begun with the first well producing better than expected. The first well has been brought online at 178-million standard cubic feet per day of gas and 11 350... 

WestStar wins work at Iron Bridge

By: Esmarie Iannucci     28th July 2021 Industrial services company WestStar Industrial’s engineering contractor business SIMPEC has been awarded a A$145-million contract to construct the wet processing plant at iron-ore major Fortescue’s Iron Bridge magnetite project, in Western Australia. The wet processing plant will be central to... 

Jervois completes first part of funding drive

By: Esmarie Iannucci     28th July 2021 Triple-listed Jervois Mining has raised some A$136-million following the completion of an institutional placement and the institutional component of its entitlement offer. The company earlier this week announced a A$313-million equity raise comprising an A$87-million institutional placement and... 

St Barbara's performance stays stable

By: Esmarie Iannucci     28th July 2021 Gold miner St Barbara has reported a steady quarter of production in the three months to June, despite its Simberi operation, in Papua New Guinea being shut down for nearly half the quarter following a fatality in May. Group told production in the June quarter reached 82 698 oz, compared with... 

ERA's profits fall after close

By: Esmarie Iannucci     28th July 2021 Uranium miner Energy Resources of Australia (ERA) has reported a net loss of A$5.2-million for the half-year ended June, as a result of lower sales volumes reported during the period under review, and long-term sales contracts concluded in 2021. The miner produced some 34 t of uranium from... 

Rio invests big in Serbian lithium

By: Esmarie Iannucci     28th July 2021 Major Rio Tinto has committed $2.4-billion to the Jadar lithium-borates project, in Serbia. The Jadar project would scale up Rio’s exposure to battery materials, and demonstrate the company’s commitment to investing capital in a disciplined manner to further strengthen its portfolio for the... 

A drilling rig at a mining project site in Serbia

Founding Glencore partner Issroff to join cobalt miner Jervois board

By: Mariaan Webb     27th July 2021 Australia-headquartered cobalt and nickel mining and refining company Jervois Mining has recruited David Issroff, a founding partner with commodities giant Glencore and an ex-Xstrata board member, to serve as a nonexecutive director of its board. Jervois, which this week announced the... 

An image of David Issroff
David Issroff

Former Wyoming Senator Mike Enzi dies after bike accident

By: Bloomberg     27th July 2021 Former Wyoming US Senator Mike Enzi has died, according to an announcement on his official Twitter page. He was 77. The former senator had recently sustained serious injuries while riding a bicycle, his family said in a statement earlier on Monday. Enzi came to the Senate in 1997, after... 

Sasol says its energy business delivers satisfactory full-year performance

By: Schalk Burger     27th July 2021 Integrated energy and chemicals multinational Sasol's energy business had delivered a satisfactory performance, in line with expectations, for the financial year ended June 30. The company on July 27 reported that its integrated value chain had benefitted from higher oil prices in the second half... 

If done responsibly, coal mining can add value to economies – panel

By: Marleny Arnoldi     27th July 2021 JSE-listed coal trader Thungela Resources CEO July Ndlovu says it has been a polarising year for the coal industry, with many opposing views on the commodity and the way forward for the industry. For him, the “just transition” represents not simply a switch from fossil fuels to renewables for... 

Cutting coal not as clear-cut as some wish, says analyst

By: Marleny Arnoldi     27th July 2021 Although climate and environmental concerns have resulted in an energy policy that shies away from fossil fuels, demand for coal remains prevalent in many parts of the world, XMP Consulting senior coal analyst Xavier Prévost has said. Speaking during the Coal Industry Day 2021 conference, which... 

Exxaro rolls out vaccination drive at Matla mine

By: Schalk Burger     27th July 2021 Diversified miner Exxaro Resources has launched a Covid-19 vaccination rollout programme at its Matla coal mine, in Mpumalanga. The launch of the rollout programme is part of a national campaign under the auspices of Department of Health and in partnership with the Mpumalanga Department of Health... 

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Orion Minerals, SAIMM, Anglo American make headlines

Magazine round up | 23 July 2021

Extremely strong demand for platinum bar and coin – WPIC

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