R/€ = 17.14 Change: 0.10
R/$ = 15.18 Change: 0.07
Au 1834.56 $/oz Change: -4.25
Pt 1050.51 $/oz Change: 30.51

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Hydrogen roadmap targeting societal well-being, North West conference told  

By: Martin Creamer     Updated 1 hour 4 minutes ago In terms of high-level outcomes, the vision of South Africa’s Hydrogen Society Roadmap is the creation of an inclusive, sustainable and competitive hydrogen economy to support net-zero carbon economic growth and societal well-being, Department of Science and Innovation (DSI) chief director... 

North West Mining and Energy Conference covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Green primary iron could help South Africa offset fall in coal export revenues – study 

By: Terence Creamer     Updated 2 hours 26 minutes ago Producing carbon-free primary iron in South Africa using green hydrogen direct reduced iron (GHDRI) technology could create a new globally competitive green export industry that could help offset the losses associated with the eventual decline in coal exports, a new study shows. Such exports... 

Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts
Photo by Creamer Media
Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts

Glencore, Managem partner to recover cobalt, lithium, nickel from recycled batteries 

By: Donna Slater     Updated 2 hours 37 minutes ago Diversified miners Glencore and Managem have entered into a partnership to produce cobalt from recycled cobalt, nickel and lithium at Managem’s Compagnie de Tifnout Tiranimine (CTT) hydrometallurgical refinery in Morocco. Glencore and CTT intend to enter into a five-year tolling agreement for 1... 

An image of cobalt metal nuggets
Photo by Bloomberg
Cobalt metal nuggets

Harmony lowers 2022 full-year guidance amid challenges at Hidden Valley

By: Marleny Arnoldi     Updated 1 hour 58 minutes ago JSE-listed Harmony Gold says its South Africa gold production for the six months ended December 31, remained steady at 718 726 oz, compared with the 708 310 oz produced in the preceding six months ended June 30, 2021. The Hidden Vallley mine, in Papua New Guinea, however, reported a 26% decrease... 

Bushveld nudges vanadium output expectations higher

By: Marleny Arnoldi     Updated 5 hours ago Aim-listed Bushveld Minerals reached the upper end of its guidance for the year ended December 31, with production of 3 592 t of vanadium. This was in line with guidance of between 3 400 t and 3 600 t, but below the 3 631 t produced in 2020. 

Hosken buys more shares in PTM to retain 26% stake

By: Marleny Arnoldi     Updated 6 hours ago TSX-listed Platinum Group Metals (PTM) plans to sell 3.5-million common shares at $1.69 each to its existing major shareholder Hosken Consolidated Investments, to raise $6-milion. PTM will use the proceeds to repay $3-million in senior secured debt it has with Sprott Private Resource Lending II... 

Barplats terminates ABT agreement for Circuit H Project

By: Donna Slater     Updated 5 hours ago Platinum group metals (PGMs) producer Eastern Platinum (Eastplats) reports that, owing to none of the conditions precedent being fulfilled, its subsidiary Barplats Mines has terminated a project framework agreement with Advanced Beneficiation Technologies (ABT) for the development and... 

Amplats lauded for gender quality practices

By: Marleny Arnoldi     Updated 1 hour 27 minutes ago JSE-listed Anglo American Platinum (Amplats) has been included in the latest Bloomberg Gender-Equality Index (GEI) for the third year in a row. The company takes pride in its inclusive and diverse workplace, and the fact that it is one of 418 companies across 45 countries and regions to be... 

Metal prices expected to maintain their strong performance this year  

By: Tasneem Bulbulia     Updated 40 minutes ago Metal prices, which have been on an uptrend since 2020, are expected to continue their strong performance this year and next Fitch Solutions, a unit of Fitch Group, noted during a webinar on January 26. Following a year of record profitability and revenue in 2021, the outlook for miners and... 

Fitch Solutions senior commodities analyst Sabrin Chowdhury outlines how the green transition presents opportunities, risks and challenges for the metals and mining industries

Diamcor delivers 3 103.40 ct for first 2022 tender and sale

By: Tasneem Bulbulia     Updated 6 hours ago Canadian company Diamcor Mining has delivered about 3 103.40 ct of rough diamonds in January for its initial tender and sale of the New Year. These rough diamonds, which were recovered from the processing of quarry material at the company’s Krone-Endora at Venetia project, in South Africa, will... 

Asanko mine’s full-year output below expectations amid ore delivery, grade challenges

By: Donna Slater     Updated 6 hours ago TSX-listed precious metal producer Galiano Gold, which operates the Ghana-based Asanko gold mine under a 50:50 joint venture (JV) with Gold Fields– generated $381.7-million in revenue from the sale of 216 076 oz of gold in 2021. This was as a result of a yearly average realised gold price of $1... 

B2Gold to buy out Forsys’ shareholding in Razorback

By: Darren Parker     Updated 6 hours ago Gold miner B2Gold will increase its shareholding in gold mining subsidiary Razorback Gold Mining to 100% by exercising a call option. Under the call option, it will buy gold and uranium miner Forsys Metals’ 51% shareholding in Razorback, which holds the Ondundu exclusive prospecting licence (EPL)... 

Kagem signs wage deal with Zambian unions

By: Marleny Arnoldi     Updated 2 hours 50 minutes ago Emerald mining company Kagem Mining has signed a collective agreement with unions, which will result in employees receiving e a 10% increase in basic salary for this year, followed by a further 10% increase for 2023 across the board. The collective agreement follows negotiations between... 

Diamond drill programme under way at Haneti nickel project

By: Tasneem Bulbulia     Updated 6 hours ago Aim-listed Katoro announces that a drill rig has been successfully deployed and that drilling has now started at the Haneti nickel project in Tanzania. Katoro holds a 65% interest in the project, with the balance held by Power Metal Resources. 

Gold wobbles as investors brace for Fed rate hike

By: Reuters     Updated 2 hours 41 minutes ago Gold prices held near 10-week highs on Wednesday as investors sought the safety of bullion amid the Ukraine-Russia crisis, with a strength in US dollar weighing on the metal ahead of an imminent rate hike by the U.S. Federal Reserve. Spot gold was down 0.1% at $1 846.13 per ounce by 10:30 GMT,... 

Gold wobbles as investors brace for Fed rate hike

Europe forced to rely on expensive, dirty coal to keep lights on

By: Bloomberg     Updated 3 hours ago Coal will play a vital role in helping to keep the lights on in Europe this winter even as prices are jumping and lawmakers are doing their best to kill off one of the dirtiest power-plant fuels. Northwest European coal for February rose more than 3% to trade at its highest in three months on... 

Resources Watch  

Updated 3 hours ago This week: Early income bonanza for funded Witwatersrand gold mining reviver; Hillside Aluminium could get green lifeline by 2030; And, Early copper/zinc production investigations under way at Orion’s Prieska 

Resources Watch

Goldman doesn't see big disruption to energy flows over Ukraine

By: Bloomberg     Updated 5 hours ago Oil and gas flows aren’t likely to be significantly impacted from the tensions building in Ukraine, according to Goldman Sachs Group. The bank’s base case is “no disruption,” Jeff Currie, Goldman’s global head of commodities research, said in a Bloomberg TV interview with Shery Ahn and Paul... 

Osisko makes foray into historic Tintic district of Utah

By: Mariaan Webb     Updated 5 hours ago TSX-V-listed Osisko Development on Tuesday announced its planned move into the historic Tintic mining district of central Utah with the acquisition of Tintic Consolidated Metals. The transaction would give Osisko full ownership of the producing Trixie mine, as well as mineral claims covering... 

Schedule delays push up Premier project capital cost – Ascot

By: Mariaan Webb     Updated 6 hours ago Canadian project developer Ascot Gold on Tuesday announced a 27% increase in the capital cost estimate for its Premier project, in British Columbia, citing higher indirect costs caused by schedule delays, weather impacts and supply chain pressures. The Premier project would now cost... 

An image of the area where the Premier project is being built.

Newcrest withdraws from Cornerstone’s project in Ecuador

By: Creamer Media Reporter      Updated 6 hours ago Australian gold major Newcrest has notified Canadian junior Cornerstone Capital Resources of its intention to withdraw from the option and farm-in agreement over the Caña Brava and Tioloma properties in Ecuador. The properties target epithermal gold/silver and porphyry gold/copper deposits. 

Environmental groups sue to undo 2017 PolyMet mine deal in Minnesota

By: Reuters     Updated 7 hours ago Environmentalists sued the US Forest Service on Tuesday in an attempt to reverse a 2017 land transfer that gave PolyMet Mining more than 2 670 ha needed to build an open pit copper and gold mine in northern Minnesota. The suit, led by the Center for Biological Diversity (CBD), claims the project... 

Canadian firms say Burkina Faso mines continue to operate

By: Mariaan Webb     26th January 2022 Mines owned and operated by Canadian mining companies in Burkina Faso are continuing to operate unaffected by the political situation in that country. Canadian miner Iamgold said that the supply chains for its Essakane mine, located about 330 km from the capital Ouagadougou, had not been... 

Teck joins rivals with stake in startup tapping copper from waste rock

By: Bloomberg     26th January 2022 Canadian miner Teck Resources bought a stake in a US startup that can extract copper out of waste rock, as concerns mount about shortages of one of the metals key to the energy transition. Teck joins BHP Group and Freeport-McMoRan as shareholders in Jetti Resources, which has developed... 

South African growth to slow to 2.1% in 2022 – Fitch Solutions 

By: Terence Creamer     25th January 2022 Fitch Solutions expects growth in South Africa to slow to only 2.1% in 2022, having expanded by an estimated 4.8% last year, as the base effects of 2021 fade and longstanding constraints come to the fore once again. Lacklustre economic activity in South Africa would also weigh on the performance... 

Fitch Solutions expects commodity prices to moderate in 2022
Fitch Solutions expects commodity prices to moderate in 2022

Perseus sets 2022 guidance at at least 471 000 oz

By: Marleny Arnoldi     25th January 2022 ASX-listed Perseus Mining’s financial position continues to strengthen, with the company reporting net cash of $162-million as at December 31. This follows the company returning $13-million of capital to shareholders, reducing debt by $50-million and investing $11-million in organic growth... 

Agreement inked to develop hydrogen recycling of end-of-life wind turbine magnets

By: Donna Slater     25th January 2022 Magnet metal and rare earths miner Pensana has signed a cooperation agreement with oil, gas and wind power company Equinor, forming a working group to share technical and commercial information to develop a low-energy method for recycling end-of-life magnets at Pensana’s rare earths hub in the... 

Drilling programme shows potential for large resource at Aton’s Rodruin

By: Tasneem Bulbulia     25th January 2022 TSX-V-listed Aton Resources has recorded first assay results from the Phase 2 diamond drilling programme at its Rodruin gold exploration project. Interim CEO Tonno Vahk says these results clearly indicate the potential for a large openpittable oxide gold resource at Rodruin, with the... 

Barrick’s previously ailing Tanzanian gold mines declared tier one assets

By: Darren Parker     25th January 2022 Gold mining group Barrick Gold’s North Mara and Bulyanhulu gold mines, in Tanzania, have both been declared as tier-one assets, Barrick said in a statement on January 25. A tier one gold asset has a reserve potential to deliver a minimum ten-year life, production of at least 500 000 oz/y of gold... 

A photo of Bulyanhulu mine in Tanzania underground
Bulyanhulu mine in Tanzania

DMRE turns investment drive focus to North West  

By: Marleny Arnoldi     25th January 2022 The Department of Mineral Resources and Energy (DMRE), together with the provincial government of North West, are increasing efforts to garner investment into and effect transformation in the province’s mining sector. Speaking during a North West Mining and Energy Investment conference on... 

South Africa's RBCT exports lowest coal tonnage since 1996  

By: Martin Creamer     25th January 2022 The Richards Bay Coal Terminal (RBCT) last year exported its lowest volume of coal since 1996. In exporting 58.72-million tons of coal, RBCT was 11-milion tons down on what it achieved in 2020 and 18-million tons down on its 77-million-ton budget for the 2021 year. 

Richards Bay Coal Terminal media brief covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

These investors are sticking with gold despite easy money ending

By: Bloomberg     25th January 2022 The end of an easy-money era should normally spell bad news for gold. But right now, fund managers are keeping their holdings. At a time when equities and Bitcoin -- often touted as digital gold -- are sinking as loose monetary policy draws to a close, bullion exchange-traded fund holdings are... 

Mantashe: SA must oppose 'investment killing' foreign-funded lobby

By: News24Wire      25th January 2022 South Africa must oppose a foreign-funded anti-development agenda if it has any chance at growing its extractive industries for the benefit of the economy, Mineral Resources and Energy Minister Gwede Mantashe has said. Speaking at the North West provincial mining and energy investment conference... 

Mineral Resources and Energy Minister Gwede Mantashe
Mineral Resources and Energy Minister Gwede Mantashe

Moody's cuts Kyrgyzstan's rating after gold mine nationalisation

By: Reuters     25th January 2022 Rating agency Moody's cut Kyrgyzstan's credit rating to B3 from B2, saying the authorities' decision to nationalise the Central Asian nation's largest gold mine last year indicated weak governance and investment climate deterioration. The Bishkek government took over the Kumtor gold mine last... 

South African pure copper play to list in the first half of 2022 

By: Darren Parker     25th January 2022 Premium grade copper producer Big Tree Copper plans to list on the JSE and/or the Cape Town Stock Exchange (CTSE) in the first half of 2022 as it marches towards full production. The company’s business centres on recycling previously dumped mining waste through above ground processing at the... 

A photo of Big Tree Copper CEO Jan Nelson
Photo by Creamer Media
Big Tree Copper CEO Jan Nelson

Bell Equipment supplies 12 ADTs to Ikoti Coal

By: Simone Liedtke     25th January 2022 Twelve locally manufactured B45E articulated dump trucks (ADTs) were recently handed over to locally-owned and -operated miner Alfieri Holdings, which operates Ikoti Coal, in Mpumalanga. These ADTs, industry cluster organisation Mining Equipment Manufacturers of South Africa (Memsa) says, are the... 

Pictured: Enock Mabaso, Zabilon Inama, Gary Bell, Branden Moodley, and Bruce Ndlela.
Pictured: Enock Mabaso, Zabilon Inama, Gary Bell, Branden Moodley, and Bruce Ndlela.

BlueRock sells 6.8ct diamond for $63 186

By: Tasneem Bulbulia     25th January 2022 Aim-listed BlueRock Diamonds has sold a 6.8 ct diamond recovered from its Kareevlei mine in South Africa for $63 186 in its January sale. "We recently announced we had two potentially high-value stones to sell in the January tender and, although one fell under our $50 000 disclosure threshold, we... 

Akobo Minerals appoints head of ESG developments

By: Tasneem Bulbulia     25th January 2022 Scandinavian-based Akobo Minerals, which has gold exploration assets in Ethiopia, has appointed Dr Cathryn MacCallum as head of environmental, social and governance (ESG) to advance the company’s ESG programme. She will take up the post on February 1 as part of the company’s management team. 

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