R/€ = 17.32 Change: 0.02
R/$ = 14.76 Change: 0.03
Au 1762.27 $/oz Change: 7.82
Pt 923.17 $/oz Change: -0.83

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Exxaro targeting manganese, bauxite, copper as part of decarbonisation strategy 

By: Martin Creamer     20th September 2021 By investing in operating manganese, bauxite and copper assets, the new Exxaro Minerals business could represent 50% of expected coal earnings within ten years, Exxaro CEO-designate and MD Minerals Dr Nombasa Tsengwa stated on the Johannesburg Stock Exchange-listed coal company’s website on... 

Creamer Media screenshot taken during 2021 presentation of Exxaro results
Photo by Creamer Media
Exxaro CEO-designate and MD Minerals Dr Nombasa Tsengwa

Glencore is leading transition metals major, says Deutsche Bank Research 

By: Martin Creamer     20th September 2021 Glencore is the leading major mining company when it comes to its portfolio of transition metals, says Deutsche Bank Research. The bank’s research analysts afford Glencore a top 1-to-5 position in copper, cobalt, zinc and nickel – metals they describe as being central to world’s decarbonisation... 

Screenshot of commodity revenue calculation by Morgan Stanley Research
Revenue by commodity calculated by Morgan Stanley Research

Pan African COO seriously injured in botched robbery

By: Creamer Media Reporter      20th September 2021 Mid-tier gold miner Pan African Resources said on Monday that COO Bert van den Bergh was injured in an attempted robbery at his Johannesburg home on Sunday night. Van den Bergh was “seriously injured in what appears to be a failed robbery attempt”, the company said in a statement to the market. 

An image of Bert van den Bergh
Bert van den Bergh

Cabinet endorses more ambitious carbon pledge ahead of Glasgow summit 

By: Terence Creamer     20th September 2021 Cabinet has approved a revised – and more ambitious – Nationally Determined Contribution (NDC) carbon mitigation target range for 2030 ahead of the upcoming COP26 gathering, which will take place in Glasgow, Scotland, in November. In a statement, Cabinet announced that South Africa had revised... 

A road to an Eskom power station
Photo by Creamer Media
Eskom plans to decommission 11 GW of coal by 2030

Hydrogen Society Roadmap focus to shift from research to commercialisation

By: Terence Creamer     20th September 2021 Cabinet has approved an extension of the Hydrogen Society Roadmap (HSRM) to 2030, with the aim of shifting its focus from research to commercialisation. “The HSRM builds on what has been achieved in the past 10 years to prepare South Africa to move from research and development to manufacturing... 

Hydrogen Society Roadmap focus to shift from research to commercialisation

Weekly SA Coal Report

By: Creamer Media Reporter      20th September 2021 It was a volatile week in coal and European gas markets once more. However, SA coal prices ended up around $2 on the week, with ZAR prices further helped by a steadily weakening Rand. European gas prices have skyrocketed recently, putting several UK energy suppliers into liquidation, as they fail... 

ASM logo
ASM logo

Iron-ore’s rout keeps rolling as China imposes more steel curbs

By: Bloomberg     20th September 2021 Iron-ore extended its slump below $100 a ton as China stepped up restrictions on industrial activity in some provinces. Prices have collapsed about 60% since a record in May, with futures trading below three figures for the first time in more than a year, as steel production curbs hammer demand.... 

A truck transporting iron-ore.

Rainbow enters into agreement for rare earth tech in SADC

By: Tasneem Bulbulia     20th September 2021 Aim-listed Rainbow Rare Earths has entered into an exclusive intellectual property licensing agreement with K-Technologies (K-Tech), located in Lakeland, Florida, in the US, to use its rare earths separation technology in the Southern African Development Community (SADC) region. K-Tech has... 

West Wits faces more opposition in S Africa

By: Esmarie Iannucci     20th September 2021 ASX-listed West Wits Mining on Monday warned shareholders that the Lawyers for Human Rights had lodged an appeal to the South African Department of Mineral Resources and Energy (DMRE) against the grant of a mining right over the Witwatersrand Basin project (WBP). West Wits last week told... 

Sibanye now largest shareholder of Keliber

By: Marleny Arnoldi     20th September 2021 JSE-listed precious metals miner Sibanye-Stillwater has become Finnish mining company Keliber Oy’s largest shareholder, with a 27% stake. Sibanye has concluded a second tranche of financing, by subscribing for 250 000 shares valued at €10-million, related to a €40-million bridge financing... 

Giyani progresses exploratory work on three manganese prospects

By: Marleny Arnoldi     20th September 2021 TSX-V-listed Giyani Metals Corporation has provided updates on the various exploration programmes it has under way at the southern extensions of the K.Hill project, as well as the Otse and Lobatse manganese prospects, in Botswana. CEO Robin Birchall says the multiple exploration programmes are... 

URU Metals starts prospecting right due diligence in Limpopo

By: Marleny Arnoldi     20th September 2021 London-listed URU Metals has appointed environmental consultancy Tshifcor Investment and Resources to conduct an environmental-impact assessment and a public participation process on South African properties prospective for nickel mineralisation. The company is working towards securing a... 

Walkabout confident of meeting development targets at Lindi Jumbo

By: Tasneem Bulbulia     20th September 2021 ASX-listed graphite developer Walkabout Resources says mine construction at its Lindi Jumbo graphite mine development, in south-eastern Tanzania, is on track. The company has started the engineering, procurement and construction (EPC) contract with Yantai Jinpeng Mining Machinery. 

Tsodilo beefs up Xaudum preliminary economic assessment with geotechnical lab tests

By: Donna Slater     20th September 2021 TSX-V-listed diamond and metals explorer Tsodilo Resources reports that the first set of geotechnical lab test results for its wholly-owned Xaudum iron project, conducted on the Xaudum iron formation (XIF), indicate that the XIF materials are competent and have good to moderate strength... 

BlueRock records good interim progress

By: Tasneem Bulbulia     20th September 2021 Aim-listed BlueRock Diamonds recorded good progress on a number of fronts during the six months ended June 30, chairperson Mike Houston says, despite a challenging period and delays in the expansion project at its Kareevlei mine, in the Kimberley region of South Africa. The company announced a... 

S&P revises Botswana's outlook to 'stable' on strong diamond sector recovery

By: Reuters     20th September 2021 Ratings agency S&P on Friday revised its outlook on Botswana to 'stable' from 'negative', citing its expectation that economic rebound, supported by a strong diamond sector recovery, will lead to a material improvement of fiscal and external performance over the next two years. "We expect... 

Pensana in the running for best New Company of the Year

By: Marleny Arnoldi     20th September 2021 London-listed Pensana has been shortlisted as New Company of the Year at the PLC Awards 2020, with a ceremony to be held on September 22. The awards are open to all companies listed on the main market of the LSE.  

Shanta upgrades indicated Bushiangala resources

By: Donna Slater     20th September 2021 West Africa-focused gold producer Shanta Gold has converted 82 700 oz, grading at 10.62 g/t into indicated resources at its Isulu site, and 34 900 oz, grading at 3.92 g/t to indicated resources at the Bushiangala site of its West Kenya project, in Kenya. Prior to this resource update, total... 

Bauxite trains operated by Russian miner Rusal collide in Guinea, killing one

By: Reuters     20th September 2021 Two trains operated by Russian aluminium giant Rusal collided in Guinea's capital Conakry on Monday, killing at least one person and injuring several others, witnesses said and footage on social media showed. The world's third-largest aluminium producer operates three bauxite mines and an... 

Massive uncut diamond unveiled in New York

By: Reuters     Updated 9 minutes ago In a bid to drum up investor appetite for rough, natural diamonds, mining company Lucara Diamond Corp and manufacturer HB Antwerp on Monday unveiled a 1 175-ct diamond in New York City. The companies are billing the stone as the largest rough diamond to be shown in the United States, and the... 

QC stock leaps on 1bn-pound-plus Quebec copper resource

By: Mariaan Webb     Updated 21 minutes ago The share price of TSX-V-listed QC Copper and Gold surged 30% on Monday, as the company announced an initial resource estimate on the Opemiska project, in the Chibougamau district of Quebec. The deposit contains 81.7-million tonnes at 0.88% copper-equivalent of pit constrained measured and... 

Zambia Mines Minister takes aim at Konkola liquidation

By: Reuters     Updated 46 minutes ago Zambia's mines minister Paul Kabuswe on Monday criticised the previous administration's push to liquidate Vedanta's Konkola Copper Mines (KCM) unit, which sparked years of wrangling between the company and government. Vedanta and the Zambian government have been in a legal dispute over the mine... 

An image of copper plates being lifted out of a treatment tank at the Nchanga copper mine, operated by KCM.

Gold edges higher as havens rally on growing Evergrande fears

By: Bloomberg     20th September 2021 Gold advanced as fears of a spillover from debt woes of Asian real estate developer China Evergrande Group stoked demand for havens, outweighing concerns that the Federal Reserve’s reduction in stimulus could come soon. US equities fell more than 2% as investor angst deepened over China’s... 

An image of gold bars

Price rally rekindles Pegasus’ interest in uranium

By: Mariaan Webb     20th September 2021 The dramatically improved uranium spot price of recent weeks has prompted Canadian junior Pegasus Resources to re-evaluate uranium assets. The company announced on Monday that it was reviewing several uranium assets in, and near, the Athabasca basin of northern Saskatchewan. 

Barrick takes option on Red Lake, Ontario project

By: Creamer Media Reporter      20th September 2021 Bullion major Barrick Gold has entered into a property option agreement with Kenorland Minerals to acquire up to an 80% interest in the South Uchi project, in the Red Lake district of Ontario, Canada. Barrick could earn an initial 70% interest by spending C$6-million on exploration over six... 

Image showing the location of the South Uchi project.

Platinum branded collections continue to thrive despite pandemic, says PGI

By: Tasneem Bulbulia     20th September 2021 Worldwide marketing organisation the Platinum Guild International’s (PGI’s) second-quarter Platinum Jewellery Business Review (PJBR) shows that platinum jewellery, especially branded collections, remains resilient amid a still challenging situation in retail in most markets. Based on the PGI’s... 

US coal miners could be next in line for industry bailouts

By: Bloomberg     20th September 2021 There isn’t much that Senate Minority leader Mitch McConnell and the Sierra Club agree on, but one of those rare things is a measure that’s part of the bipartisan infrastructure package to be considered by the US House of Representatives later this month that would fund $11.3 billion to remediate... 

Image of a coal stockpile

Gates raises $1bn as corporate CEOs join race to scale clean tech

By: Bloomberg     20th September 2021 Bill Gates raised more than $1-billion in corporate funding for Breakthrough Energy Catalyst, drawing on BlackRock’s Larry Fink and Microsoft's Satya Nadella to rally support for some of the world’s most demanding clean-energy projects. BlackRock is making a five-year, $100-million grant from... 

An image of Bill Gates
Bill Gates

Indonesia clings to coal despite green vision for economy

By: Reuters     20th September 2021 Even as Indonesia wins cautious praise from some green groups for ambitious plans to cut carbon emissions, the world's biggest exporter of thermal coal shows no sign of weaning itself off the polluting fuel any time soon. Indonesia, the eighth-biggest carbon emitter, recently brought forward... 

Canada's oil patch heading for hospital triage with virus raging

By: Bloomberg     20th September 2021 Canada’s oil heartland of Alberta has been hit with its most dangerous Covid-19 wave, with hospital intensive care beds filling up so quickly that health professionals are preparing to make decisions about who lives and who dies. Provincial Premier Jason Kenney announced new isolation measures... 

Mine development kicks off at Serabi’s Coringa

By: Creamer Media Reporter      20th September 2021 Mining development is under way at the Coringa gold project, about 200 km south of Serabi Gold’s Palito project in Brazil, the dual-listed mining company said on Monday. The development of the mine portal began in late July to each the Serra zone, one of three main zones at Coringa. Blasting... 

Miner dies at Sino Iron

By: Esmarie Iannucci     20th September 2021 A maintenance worker has died at Citic Pacific Mining’s Sino Iron operation, in Western Australia, resulting from injuries sustained from a fall at the mine site on Friday. Citic Pacific said in a statement that the incident occurred at the coarse ore stockpile shed within the concentrator... 

Diatreme adds to Galalar resource

By: Esmarie Iannucci     20th September 2021 ASX-listed silica sand developer Diatreme Resources has reported a 22% increase in the resource estimate for its Galalar project, in Queensland. The company on Monday reported that the Joint Ore Reserves Committee Compliant resource now stood at 75.5-million tonnes, up from the previous estimate... 

Eskom CEO bemoans slow pace of talks on cutting R402bn debt

By: Bloomberg     20th September 2021 Talks about reducing the South African state power utility’s R402-billion debt to a manageable level are taking too long, its CEO Andre de Ruyter said. Eskom Holdings, which produces most of South Africa’s power, can’t meet its running and debt service costs and is dependent on government... 

Uranium giant in talks to supply Sprott as investor demand soars

By: Bloomberg     20th September 2021 Top uranium miner Kazatomprom said it may supply the metal to Sprott, the investment firm whose aggressive bets on the market have helped drive a surge in prices. “We already started talks with Sprott,” Askar Batyrbayev, chief commercial officer of the Kazakh producer, said in an interview. “A... 

An image of drums of uranium.

UBS hits mining giant Vale with sell rating as iron prices fall

By: Bloomberg     20th September 2021 The collapse in iron-ore prices prompted UBS Group AG to make a bearish about-face on Brazil’s Vale, the world’s second biggest producer. Analysts led by Andreas Bokkenheuser cut the company’s American depositary receipts to sell from buy, a two step drop. They said the current stock price is... 

LBMA suspends Kyrgyz gold refinery over responsible sourcing failures

By: Reuters     20th September 2021 The London Bullion Market Association (LBMA) said on Friday it had suspended its accreditation of a gold refinery in Kyrgyzstan for failing to meet its responsible sourcing standards. The LBMA said in June it had begun a review of the refiner, Kyrgyzaltyn, "in response to issues concerning... 

Ecuador expects 4 major mining projects to start up by 2025

By: Reuters     20th September 2021 Ecuador expects four major mining projects to start production by the end of President Guillermo Lasso's first term in 2025, as the conservative leader seeks to diversify the economy before oil exports, the natural resources ministry said on Friday. Lasso, a former banker who took office in May,... 

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