R/€ = 16.99 Change: 0.04
R/$ = 14.28 Change: 0.07
Au 1783.13 $/oz Change: -9.41
Pt 1039.86 $/oz Change: -42.14

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KZN 'diamond rush' unearths only quartz crystals, officials say

By: Reuters     20th June 2021 Unidentified stones that lured thousands of fortune seekers to a rural South African village to mine the land with picks and shovels were not diamonds as hoped, officials said on Sunday, but quartz stones with relatively low, if any, value. People from across South Africa travelled to KwaHlathi... 

KZN 'diamond rush' unearths only quartz crystals, officials say

Weekly Coal Index Report

Updated 1 hour 39 minutes ago The price surge has subsided for now, although Asia Pacific physical cargoes continue to experience strong demand. Australian coal is likely to remain the price leader as deliveries to the port of Gladstone are being restricted after a train derailment last week. For its part, South African coal... 

Weekly Coal Index Report

Northam expects Zambezi shares to delist by end August

By: Marleny Arnoldi     Updated 50 minutes ago Platinum group metals miner Northam Platinum will on July 20 host a scheme meeting for its shareholders to vote on whether to approve the Zambezi scheme. This follows on the early maturity of the Zambezi black economic empowerment (BEE) transaction and the implementation of an extended BEE... 

One of the world’s hottest commodities is now the most volatile 

By: Bloomberg     18th June 2021 Iron-ore, one of the hottest commodities in the early days of the raw materials rally, has now become the most volatile as bulls and bears joust over the trajectory of prices. In a series of wild swings, the ore that fuels China’s vast steel industry surged to a record, collapsed into a bear... 

One of the world’s hottest commodities is now the most volatile

Sibanye-Stillwater gives updated guidance on climate policy, other ESG matters

By: Tasneem Bulbulia     18th June 2021 Dual-listed Sibanye-Stillwater’s sustainability strategy outlines a vision of superior value creation for all of its stakeholders through the responsible mining of its mineral resources. In this regard, the group has published updated environmental, social and corporate governance (ESG) policies... 

100 MW reform ‘precursor’ to new market-driven electricity supply industry – De Ruyter 

By: Terence Creamer     18th June 2021 Eskom CEO Andre de Ruyter has described the decision to lift the licence-exemption cap on own- or embedded-generation plants from 1 MW to 100 MW as not only positive for addressing South Africa’s immediate electricity shortages, but also as “the precursor to the development of a new electricity... 

100 MW reform ‘precursor’ to new market-driven electricity supply industry – De Ruyter
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

AfriForum raises concern about incoming artisanal mining policy

By: Marleny Arnoldi     18th June 2021 Civil rights group AfriForum has submitted comments on the draft Artisanal and Small-scale Mining Policy, following its gazette for public comment by government on May 5. While the organisation considers the policy a step in the right direction, it is concerned about the policy potentially... 

RMF encourages extractives supply chain disclosure of transactions with States 

By: Donna Slater     18th June 2021 Research done by independent research organisation the Responsible Mining Foundation (RMF) has found that very few of the trading companies making transactions in extractive value chains, including for metals, minerals and oil and gas, publicly disclose data on these payments to governments,... 

Partnership removes thousands of children from forced labour at DRC mines

By: Donna Slater     18th June 2021 In marking the United Nations (UN) Week of Action against child labour, from June 10 – 17, diversified natural resources group Eurasian Resources Group (ERG) reflects that it has enabled thousands of children to leave mining activities, through its partnership with nonprofit organisation the Good... 

Surface miners developing remote environmental audits - Aspasa

By: Schalk Burger     18th June 2021 Planning is under way for members of surface mining industry association THE Aggregates and Sand Producers Association of Southern Africa (Aspasa) to deliver detailed environmental audits remotely during the Covid-19 pandemic that may be extended beyond the lockdown if required. “Covid-19 and... 

Pensana raises £15m for early works in Angola

By: Marleny Arnoldi     18th June 2021 London-listed rare earths miner Pensana has successfully raised £15-million, or $21-million, through the issue of 12.5-million new shares, at a price of 120p apiece. Some uptakers of the latest fundraising include SI Capital, WH Ireland and Angolan sovereign wealth fund Fundo Soberano de Angola... 

Wescoal expects to report narrowed losses for 2021 full-year

By: Donna Slater     18th June 2021 JSE-listed coal miner Wescoal says it expects to report a headline loss a share of between 2.5c and 3.2c for the financial year ended March 31. This compares with a headline loss a share of 32.67c reported for the prior financial year.  

Seriti hands over primary healthcare centre to Rockdale community

By: Tasneem Bulbulia     18th June 2021 Coal mining company Seriti Power on June 18 handed over the 24-hour Rockdale community healthcare centre, in the Steve Tshwete local municipality, to the Mpumalanga Department of Health. The centre, which is already operational, was built at a cost of more than R34-million and forms part of... 

Bank of Ghana to bolster currency reserves with gold purchases

By: Reuters     18th June 2021 Ghana's central bank will purchase 8.7 t of domestically-mined gold over the next five years to bolster its foreign currency reserves, Governor Ernest Addison said on Thursday. Ghana, Africa's top gold producer, is weathering its steepest decline in production since 2004 after the Covid-19... 

Sudan signs nine concession deals for gold, copper mining – agency

By: Reuters     18th June 2021 Sudan on Thursday signed nine concession agreements for gold and copper mining with eight local and foreign companies, the state news agency Suna said. All the agreements are related to gold mining except one for copper, the agency quoted Minister of Minerals Mohamed Bashir Abdalla as saying. 

China tightens grip on coal market as prices continue to rise

By: Bloomberg     Updated 19 minutes ago Chinese regulators shut more coal mines amid rising concern over industrial accidents as prices continue to rise for the fuel that provides half the country’s energy. Hubei has halted all coal mining operations from June 15 to July 5 after a gas pipeline explosion in the province killed 25... 

Varsican raises cash for Chilean base metal hunt

By: Esmarie Iannucci     Updated 19 minutes ago Base metals explorer Variscan Mines has received firm commitments to raise A$4.25-million in a share placement to institutional and sophisticated investors. The ASX-listed company on Monday said that it would place some 53.1-million shares, at a price of 80c a share, under its existing... 

Currie, former Equinox exec, leads new Americas gold company

By: Mariaan Webb     Updated 39 minutes ago TSX-V-listed junior New Oroperu Resources has announced a business combination with capital pool company First Light Capital to create Anacortes Mining – a new gold company to be led by former Equinox COO Jim Curry. Anacortes will focus on exploration and advancement of New Oroperu’s Tres... 

Currie, former Equinox exec, leads new Americas gold company

TNG eyes hydrogen collaboration

By: Esmarie Iannucci     Updated 54 minutes ago ASX-listed TNG has inked a heads of agreement (HoA) with Malaysian-based green energy company AGV Energy & Technology to collaborate on the proposed integration of vanadium redox flow batteries with green hydrogen production technology. AGV Energy and its partners are developing a technology to... 

Boss looks at larger output for Honeymoon

By: Esmarie Iannucci     Updated 1 hour 29 minutes ago An updated feasibility study (PFS) into the Honeymoon uranium project, in South Australia, has resulted in a 22.5% increase in production capacity, compared with last year’s prefeasibility study. ASX-listed Boss Energy on Monday reported that the update d PFS incorporated planned changes to... 

Hochschild says 27 workers dead in bus accident

By: Creamer Media Reporter      Updated 2 hours 51 minutes ago Precious metals miner Hochschild said that 27 workers were killed and 13 injured a road accident on Friday morning. A bus operated by a contractor was carrying workers from the Pallancata operation to the city of Arequipa in southern Peru when the accident happened. 

Hudbay suspends Lalor underground ops after fatality

By: Creamer Media Reporter      Updated 2 hours 56 minutes ago Underground operations at the Lalor mine, in Snow Lake, Manitoba, have been halted for an investigation in the death of a worker on Saturday evening. Metals miner Hudbay Minerals reported on Sunday that a worker, employed by a service provider, was fatally injured from a while working at... 

Mining companies in Chile seek input into the country's new constitution

By: Reuters     Updated 3 hours ago Mining companies operating in Chile will seek to enter the constitutional debate set to start soon in the world's top copper-producing nation as the firms try to preserve growth of the sector, an industry leader told local media on Saturday. A broad political agreement generated after the... 

Mining companies in Chile seek input into the country's new constitution
The Codelco El Teniente copper mine, the world's largest underground copper mine.

Coda raises A$14.4m for expoloration

By: Esmarie Iannucci     Updated 3 hours ago Explorer Coda Minerals will raise A$14.4-million to fast track exploration at its copper/cobalt projects in South Australia. Coda on Monday told shareholders that it had received firm commitments for the placement of 12-illion shares, at a price of A$1.20 each. 

BlackEarth signs first offtake for Indian project

By: Esmarie Iannucci     Updated 3 hours ago ASX-listed BlackEarth has inked an offtake and sales agreement with downstream graphite product developer Grafitbergbau Kaiserberg GmbH. Under the terms of the agreement, BlackEarth would sell up to 2 500 t/y of expandable graphite valued at around $7.5-million a year, from a proposed new... 

Full operations resume at Daisy Complex

By: Esmarie Iannucci     Updated 3 hours ago Full operations have resumed at the Daisy Complex, in Western Australia, gold miner Silver Lake Resources reported on Monday. Operations at Daisy were suspended on June 10 after the death of an underground contractor at the mine in Mount Monger. An investigation into the contractor’s passing... 

Aus mulls hydrogen certification

By: Esmarie Iannucci     Updated 3 hours ago The federal government has released a discussion paper on the design of an Australian hydrogen Guarantee of Origin (GO) certification scheme for consultation. Energy and Emissions Minister Angus Taylor said that the establishment of a hydrogen GO certification scheme is a priority under... 

40 000 new mining employees needed in WA

By: Esmarie Iannucci     Updated 3 hours ago The Western Australian resources sector could need as many as 40 000 additional workers by mid-2023, a new report commissioned by the Chamber of Minerals and Energy (CME) has found. The report, undertaken by independent labour market specialist Pit Crew, has forecast continued constraints in... 

40 000 new mining employees needed in WA

Miners urge EPBC reforms

By: Esmarie Iannucci     Updated 3 hours ago The Australian resources sector has called on federal Parliament to support pragmatic, targeted and reasonable amendments to the Environment Protection and Biodiversity Conservation (EPBC) Act which the government will bring forward for debate this week. The Australian government has introduced... 

Miners urge EPBC reforms

Taseko shuffles deck as CEO and COO retire

By: Creamer Media Reporter      18th June 2021 Copper miner Tasko Mines on Friday announced that CEO Russel Hallbauer and COO John McManus would retire at the end of the month. Stuart McDonald, currently president, would also assume the role of CEO. Richard Tremblay would be promoted to senior VP operations and Richard Weymark had been... 

Taseko shuffles deck as CEO and COO retire

Petropavlovsk sold stake for 75% less than rival proposal

By: Bloomberg     18th June 2021 Crisis-hit gold miner Petropavlovsk accepted a bid for an iron-ore investment, even as another bidder was prepared to pay four times as much, according to the frustrated suitor. The revelation is likely to raise fresh questions for London-listed Petropavlovsk and its board, which has been... 

Petropavlovsk sold stake for 75% less than rival proposal

Wood Mackenzie buys consultancy Roskill to expand energy transition offering

By: Reuters     18th June 2021 Natural resources consultancy Wood Mackenzie said on Friday it had acquired privately-owned Roskill as it expands its expertise in the metals and materials crucial for the energy transition. 

Gold heads for its biggest weekly loss in more than a year

By: Bloomberg     18th June 2021 Gold headed for the biggest weekly loss in 15 months as the Federal Reserve’s hawkish tilt sent the dollar surging. Officials signaled monetary policy tightening could start earlier than expected, with Chair Jerome Powell saying that the central bank would begin a discussion about scaling back... 

Next chapter for Minto as it is set to go public

By: Mariaan Webb     18th June 2021 Yukon-based Minto Explorations will go public on the TSX-V by way of a reverse takeover, London-listed Pembridge Resources has announced. Pembridge, which acquired Minto in 2019, said this week that Minto Explorations would be renamed Minto Metals. The company would seek to raise C$45-million... 

Sasol, manganese, ICMM make headlines  

18th June 2021 Mining Weekly Editor Martin Creamer unpacks how Sasol could be ready to produce green hydrogen within the next 24 months; the White House document that is focusing on manganese as a preferred battery element contender; and the International Council on Mining and Metals assessing over 300 vehicle... 

Sasol, manganese, ICMM make headlines

Aboriginal groups reject bill to protect cultural heritage in Western Australia mining state

By: Reuters     18th June 2021 Indigenous Australians say a bill to protect cultural heritage in the mining state of Western Australia is flawed and should not be presented to parliament, as the state reviews laws that allowed Rio Tinto to destroy a 46 000-year-old rock shelter. Five Indigenous groups on Thursday said they... 

Canadian regulators say Rocky Mountain coal mine not in public interest

By: Reuters     18th June 2021 Canadian energy regulators said on Thursday a coal mine proposed by a unit of Australian billionaire Gina Rinehart's Hancock Prospecting Pty Ltd in the Rocky Mountains of Alberta is not in the public interest, dealing a blow to the project. A joint provincial and federal review panel found the... 

Canadian regulators say Rocky Mountain coal mine not in public interest
The Grassy Mountain mine is to be situated near Crowsnest Pass, Alberta

Alcoa details plans to cut carbon emissions from making alumina

By: Reuters     18th June 2021 Alcoa Corp detailed plans on Thursday for a "step change" in alumina production that would allow it to cut 70% of emissions from the carbon intensive process by tapping renewable energy. Among Australia's emissions intensive exports, alumina and aluminium would be the most at risk from carbon... 

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