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Mining can retake investor darling status by going green – Frandsen  

By: Martin Creamer     30th November 2020 The taking of clear sustainability steps can make mining the darling of the investor community once again. Mining cannot participate in anything that leaves the world a worse place and needs to be cognisant of what it takes to have a licence to operate. Mining must have a smaller carbon... 

Pallinghurst Group Managing Partner and Co-Founder Arne Frandsen interviewed by Mining Weekly’s Martin Creamer on the current demand for sustainable mining. Video: Darlene Creamer.

Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite 

By: Terence Creamer     30th November 2020 Infrastructure and contract mining group Aveng has expressed confidence that its recently unveiled debt restructure and recapitalisation plan will provide the “reset” required for its two  remaining core businesses, McConnell Dowell and Moolmans, to begin growing again, with the Australasian... 

Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite
Photo by Creamer Media's Donna Slater
CEO Sean Flanagan

MC Mining requests repayment period extension from IDC 

By: Simone Liedtke     30th November 2020 Coal miner MC Mining has submitted a formal application to the Industrial Development Corporation (IDC) of South Africa to extend the repayment period for its loan facilities with the institution. The IDC has since acknowledged the application, but no agreement has been reached yet between the... 

Bushveld draws down $30m for capital investment purposes

By: Simone Liedtke     30th November 2020 Aim-listed Bushveld Minerals has satisfied the conditions to draw down $30-million under a production financing agreement (PFA) and the unsecured convertible loan notes of $35-million, to be subscribed by Orion Mine Finance. First announced in September, the company is in the process of drawing... 

Weekly Coal Index Report

30th November 2020 The legendary fourth-quarter coal price rally is back with a vengeance. Most coal markets saw exceptionally bullish, almost Bitcoin-like, price rallies last week. It seems one can’t blame it on the British either, for firing up some of their old coal plants again to stabilise their power grid... 

Weekly Coal Index Report

Katoro receives funding interest for Blyvoor gold tailings project

By: Tasneem Bulbulia     30th November 2020 Aim-listed Katoro Gold has received expressions of interest for funding of an amount significantly more than the peak funding requirement of $36.4-million for the company's Blyvoor joint venture (JV) in respect of the Blyvoor gold tailings project.  The expressions of interest for funding... 

Mintek publishes tender document for rehabilitation of Tweefontein asbestos mine

By: Tasneem Bulbulia     30th November 2020 Mineral and metallurgical company Mintek is seeking to appoint a service provider for the rehabilitation of the Tweefontein asbestos mine, in Limpopo. The company is, on behalf of the Department of Mineral Resources and Energy, in the process of rehabilitating several abandoned mines around the... 

Tharisa records strong full-year results

By: Tasneem Bulbulia     30th November 2020 Integrated resources group Tharisa’s revenue increased by 18.4% year-on-year to $406-million for the full year ended September 30. The company said it recorded strong financial results, with earnings before interest, taxes, depreciation and amortisation (Ebitda) having increased by 119.8%... 

Caledonia equips Central shaft

By: Natasha Odendaal     30th November 2020 Aim-listed Caledonia Mining has fully equipped the Central shaft – from the base to the surface collar – of its Blanket mine, in Zimbabwe, well below budget and within its set timeframe. The shaft sinking at the new Central shaft at Blanket mine was completed in 2019, before the company moved to... 

Botswana Diamonds completes acquisition of Sekaka

By: Tasneem Bulbulia     30th November 2020 Dual-listed Botswana Diamonds' (BOD’s) acquisition of Sekaka Diamonds has been completed. Sekaka was Petra’s exploration vehicle in Botswana and holds three prospecting licences in the Central Kalahari Game Reserve in Botswana − PL169/2019, PL058/2007 and PL224/2007, which includes the high-grade... 

Mkango announces grant-funded project for recycling audio products’ rare earths

By: Marleny Arnoldi     30th November 2020 Aim-listed Mkango Resources has announced that its indirect subsidiary HyProMag and partners, European Metal Recycling (EMR) and the University of Birmingham, have been awarded a grant by the Industrial Strategy Challenge Fund, delivered by UK Research and Innovation, for a new project called... 

Field narrows for global miner Rio Tinto's top job

By: Reuters     30th November 2020 Rio Tinto will look to a handful of external candidates in a narrowing field for its new chief executive, as the miner tries to win back investors dismayed by the blasting of an ancient Australian rock shelter, bankers and investors say. The top priority for a new CEO will be strong stakeholder... 

Field narrows for global miner Rio Tinto's top job
Jean-Sebastien Jacques

Highland Gold’s Alexandrov takes top job at Petropavlovsk

By: Mariaan Webb     30th November 2020 Russian miner Petropavlovsk has appointed Denis Alexandrov CEO, the London-listed gold company announced on Monday. Alexandrov joins Petropavlovsk from Russian gold producer and developer Highland Gold Mining, where he was CEO since January 2016. He takes over from Maxim Meshcheryakov, who was... 

Highland Gold’s Alexandrov takes top job at Petropavlovsk

Gold production falls in Sept quarter - Surbiton

30th November 2020 Australian gold production in the September quarter declined slightly to 81 t, down 4 t from the 85 t produced in the June quarter, gold mining consultants Surbiton Associates has reported. The decline in gold production was mainly owing to lower production at some of Australia’s largest gold mines. 

Woodlark economics improved

By: Esmarie Iannucci     30th November 2020 ASX-listed Geopacifc Resources has updated the economics of its planned Woodlark gold project, in Papua New Guinea, as it brings the project into execution readiness. An execution update has increased the project’s projected net present value from the A$197-million projected in the 2018... 

Southern Gold prices South Korean assets

By: Esmarie Iannucci     30th November 2020 Junior Southern Gold has set a sales price of $.9.94-million for its 50% joint venture (JV) interests in the Gubong and Kochang gold projects, in the Republic of Korea. The company previously announced plans to divest of its interest in the two gold projects, with JV partner Bluebird Merchant... 

Platina completes Skaergaard sale

By: Esmarie Iannucci     30th November 2020 ASX-listed Platina Resources on Monday told shareholders that it would ramp-up its hunt for gold in Western Australia after completing the a$13.7-million divestment of its Skaergaard gold and palladium project, in Greenland, to Canadian-listed Major Precious Metals Corp. The junior company has... 

Azure raises A$37m for exploration

By: Esmarie Iannucci     30th November 2020 ASX-listed Azure Minerals has closed a A$37-million share placement to fund exploration work at nickel and gold projects in Western Australia. The company at the end of last week revealed that it had received commitments for the placement of 50-million shares priced at 74c each, to raise... 

Swiss firms narrowly avoid 'Responsible Business' liability as vote divides nation

By: Reuters     30th November 2020 Swiss firms narrowly avoided facing greater liability for human rights and environmental abuses on Sunday after a national vote rejected the proposal due to regional differences despite it winning majority popular support. In a divisive referendum, 50.7% of Swiss voters supported proposals by... 

Hochschild’s San Jose mine affected by regional lockdown

By: Mariaan Webb     30th November 2020 London-listed Hochschild Mining on Monday announced that it had halted operations at its San Jose mine, in Argentina, to comply with a regional lockdown in Santa Cruz. The province has witnessed a significant increase in Covid-19 infections, the mining company reported. Hochschild said it... 

Hydrogen tops Canadian investors’ clean energy list, HSBC says

By: Bloomberg     30th November 2020 Hydrogen is the clean energy investment that appeals the most to Canadian asset managers, while companies prefer solar, according to a survey carried out for HSBC Holdings. Interestingly, among 17 options for the reduction of greenhouse-gas emissions, the most favored by each group, hydrogen and... 

Glencore Agri changes name to Viterra, doesn’t plan to go public

By: Bloomberg     30th November 2020 Glencore’s agriculture unit has changed its name, a move that further distances the business from the world’s largest commodities trader, but which the company said isn’t a step toward public listing. The agriculture division has rebranded to Viterra, the name of a Canadian crop handler it... 

Vale to resume Serra Leste expansion

By: Mariaan Webb     30th November 2020 Brazilian diversified major Vale has marked another step on its path to return production to 400-million tonnes a year, announcing on Friday that it had received the green light for the resumption and expansion of its Serra Leste operations. The Environment and Sustainability Department of Para... 

Vale to resume Serra Leste expansion

Marmota wins Jumbuck race

By: Esmarie Iannucci     30th November 2020 ASX-listed Tyranna Resources has inked a share and asset sales agreement with fellow-listed Marmota over its Jumbuck gold project, in Western Australia, in a deal valued at A$3-million. The transaction between Tyranna and Marmota comes just days after Tyranna shareholders rejected a... 

New Hope expansion a step closer

By: Esmarie Iannucci     30th November 2020 Coal miner New Hope has again called on the Queensland government to approve the New Acland Stage 3 expansion, after the federal government approved its groundwater management and monitoring plan (GMMP) last week. The GMMP approval was the final approval required at a federal level. 

Calidus secures debt for Warrawoona start

By: Esmarie Iannucci     30th November 2020 ASX-listed Calidus Resources has secured A$110-million in debt financing for the development of its Warrawoona gold project, in Western Australia, with plant construction now planned for the first quarter of 2021. The company on Monday reported that it has executed a committed credit approved... 

Exploration spend rises in Sept quarter

30th November 2020 Mineral exploration expenditure in the September quarter increased by 3% on the previous corresponding period, new data from the Australian Bureau of Statistics has shown. The Association of Mining and Exploration Companies (Amec) on Monday said that the increase in exploration spend... 

Newcrest solidifies relationship with Greatland Gold

By: Esmarie Iannucci     30th November 2020 Gold miner Newcrest Mining has inked a joint venture (JV) agreement with Greatland Gold over its Havieron project, in Western Australia, some 45 km east from the existing Telfer operation. Newcrest has meat its Stage 3 expenditure requirement at the Havieron project, having spent $45-million on... 

Victorian govt invests in renewables

By: Esmarie Iannucci     30th November 2020 The Victorian government has earmarked a A$100-million investment into renewable energy in the state, including hydrogen made from renewable energy, saying the investment could create thousands of jobs. The funding boost is part of a record A$1.6-billion investment in the Victorian Budget... 

WA establishes battery taskforce

By: Esmarie Iannucci     30th November 2020 The Western Australian government on Monday named the members for its Future Battery Industry taskforce who will actively explore global opportunities to grow the state's critical minerals industry. The taskforce includes 19 mining companies, industry bodies and union groups, including BHP... 

Australian emissions beat target - Minister

By: Esmarie Iannucci     30th November 2020 Australia’s quarterly National Greenhouse Gas Inventory update has confirmed that the country has beaten its 2020 target by 459-million tonnes. Australia’s overachievement on its 2020 target is due in large part to significant structural declines in emissions from the electricity and agriculture... 

Qld signs hydrogen deal with Japan

By: Esmarie Iannucci     30th November 2020 The Queensland government has announced a landmark partnership with Japan’s largest hydrogen company Iwatani Corporation, which would see planning progressed on new renewable export facility in Gladstone. Queensland-owned Stanwell Corporation will form a consortium with Iwatani, to build... 

Qld signs hydrogen deal with Japan

Candelaria Mine Workers Union accepts Lundin's new agreement

By: Reuters     30th November 2020 A union on strike at Chile's Candelaria copper mine has accepted a new 35-month collective agreement from Canadian miner Lundin Mining Corp, the company said on Friday, following an over month-long walk-off at the deposit. The Candelaria Mine Workers Union represents about 350 workers at the... 

Positive Covid case at Cigar Lake – Cameco

By: Creamer Media Reporter      30th November 2020 Uranium miner Cameco has reported a positive case of Covid-19 at its Cigar Lake mine, but the company says that the operation in northern Saskatchewan is continuing to operate safely. The individual has been in isolation since November 22. Cameco says it is working with the Northern Population... 

Copper hits seven-year high as demand hopes build

By: Bloomberg     27th November 2020 Copper rallied for a fourth day to reach a seven-year high, adding to this week’s powerful surge across base metals on hopes for a post-pandemic demand boom. The metal, which is used in everything from household wiring to electric vehicles, is gaining on optimism that the worst of the global... 

Davenport raises $10m for German potash projects

By: Mariaan Webb     27th November 2020 Australia-listed Davenport Resources has received firm commitments for a placement of new securities to a range of sophisticated and institutional investors to raise a total of $10-million. The capital raising will ensure that Davenport is well funded to advance its portfolio of four standalone... 

New Century raises full amount in entitlement offer

By: Creamer Media Reporter      27th November 2020 Base metals miner New Century has reported the strong uptake by shareholders of its entitlement offer, raising the full A$14.4-million offer amount. The 1 for 12 prorate nonrenounceable entitlement offer closed on November 24, with eligible shareholders applying for 78 637 783 new fully paid... 

Rainbow raises £2.56m for drilling, testwork and trial mining on two projects

By: Marleny Arnoldi     27th November 2020 London-listed rare earths producer Rainbow Rare Earths has conditionally issued about 43-million new ordinary shares at a price of 6p apiece, thereby raising gross proceeds of £2.56-million. The company will use the proceeds for general working capital purposes, including an initial $250 000... 

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Mining can retake investor darling status by going green – Frandsen

On-The-Air (27/11/2020)

Waterberg, potable water from AMD, economic growth make headlines

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Anglo praised for blazing decarbonised mining trail with hydrogen truck project

Omnia firmly in ‘fix and renew’ phase following September interim period

Coal mine on point of turning acid mine drainage into potable water at no cost

On-The-Air (20/11/2020)


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