R/€ = 17.48 Change: -0.17
R/$ = 14.92 Change: -0.17
Au 1750.56 $/oz Change: -15.79
Pt 987.00 $/oz Change: -23.00

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Long-term supply contracts shielding Sibanye-Stillwater from PGMs price swing 

By: Martin Creamer     23rd September 2021 Platinum group metals (PGMs) mining and marketing company Sibanye-Stillwater has emphasised its strong long-term supply contract positions in the face of the current spot price pendulum swinging away from the sky-high price levels of earlier this year. Most of the sales of the Johannesburg- and... 

Sibanye-Stillwater PGM Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

45% of South African mineworkers now vaccinated 

By: Simone Liedtke     23rd September 2021 The mining industry has vaccinated, or partially vaccinated, 203 007 employees and contractors in South Africa – that is about 45% of the workforce. Of that total, 49% have been now been fully vaccinated against Covid-19. 

Pic of Covid-19 vaccines

Risks linked to South Africa’s more ambitious decarbonisation pledge not yet ‘adequately addressed’ 

By: Terence Creamer     23rd September 2021 Minerals Council South Africa has signalled its support for South Africa’s transition to a low-carbon economy, but is concerned that the immediate risks associated with the country’s more ambitious decarbonisation targets are not being adequately addressed. CEO Roger Baxter told participants to a... 

Image from Daylin Paul’s photographic book, titled ‘Broken Land’, a visual narrative of the environmental and social impacts of coal in Mpumalanga
An image from Daylin Paul’s black and white photographic book, titled ‘Broken Land’, which offers a visual narrative of the environmental and social impacts of coal in Mpumalanga

How Exxaro is advancing from coal into global renewable energy   

By: Martin Creamer     23rd September 2021 It is important to note that the renewable energy focus of coal company Exxaro is not a new focus but a re-focus on a strategy that has been in evidence for more than ten years, says Exxaro Energy MD Roland Tatnall. The Johannesburg Stock Exchange company’s strategy just unveiled has been the... 

It is important to note that the renewable energy focus of coal company Exxaro is not a new focus but a re-focus on a strategy that has been in evidence for more than ten years.

SADPO welcomes Mining Charter judgment as key to unlocking investment

By: Donna Slater     23rd September 2021 The South African Diamond Producers Organisation (SADPO) has welcomed the September 21 judgment by the Gauteng High Court that the Mining Charter was not binding legislation, but rather an instrument of policy. The court case follows the Minerals Council, in early 2019, seeking a judicial review... 

Mine fatalities remain a concern, says DMRE chief inspector

By: Simone Liedtke     23rd September 2021 Although there has been a historic improvement, the continued loss of life, injuries and diseases in the South African mining sector still remains of great concern, Department of Mineral Resources and Energy (DMRE) chief inspector of mines David Msiza laments. Speaking during the Coalsafe virtual... 

Caledonia advances multi-asset strategy with Zim acquisition

By: Tasneem Bulbulia     23rd September 2021 Dual-listed Caledonia Mining has entered into an agreement to purchase the mining claims over the Maligreen project, a property situated in the Gweru mining district of Zimbabwe, from privately-owned Pan African Mining, for $4-million in cash. Caledonia notes that Maligreen is a substantial... 

Cobalt investments seen shifting from DRC to 'bright spot' Australia

By: Simone Liedtke     23rd September 2021 Although the Democratic Republic of Congo (DRC) will remain the leading producer of cobalt in the coming years, investments are likely to shift to Australia, which is seen as a “bright spot” for miners and offtakers seeking to avoid human rights and environmental risks associated with cobalt... 

Mkango undertaking drilling, pitting programme at Songwe

By: Mariaan Webb     23rd September 2021 A major geotechnical drilling and pitting programme is set to begin at the Songwe Hill rare earths development project, in Malawi, dual-listed Mkango Resources reported on Friday. The company said that its management team, together with Malawian geotechnical engineering firm Geoconsult and South... 

Qld gets new coal mine

By: Esmarie Iannucci     24th September 2021 Unlisted Vitrinite has been granted a mining lease for its Vulcan metallurgical coal mine, in Queensland. The Queensland Resources Council (QRC) on Friday reported that the cola mine, between Moranbah and Dysart, would create at least 150 full-time jobs and deliver a major economic boost to the... 

Minmetals unit flags China rare earths restructuring

By: Reuters     24th September 2021 The rare earths arm of China Minmetals Corp said on Thursday its parent was planning a strategic restructuring of rare earth assets with another state-owned firm, Chinalco, and the government of the city of Ganzhou. China Minmetals Rare Earth Co Ltd and Chinalco Rare Earth & Metals Co are two of... 

China's Chengxin, Tsingshan team up for $350m Indonesia lithium project

By: Reuters     24th September 2021 China's Shenzhen Chengxin Lithium Group Co Ltd and an affiliate of steel and nickel giant Tsingshan Holding Group will invest in a $350-million Indonesian lithium project to capture demand from the electric vehicle (EV) battery sector. The partners will build a plant to make lithium chemicals in... 

Metalicity makes a firm bid for Nex

By: Esmarie Iannucci     24th September 2021 ASX-listed Metalicity has issued a bidder statement for fellow-listed Nex Metals Exploration, solidifying its off-market takeover bid. Metalicity is offering Nex Metals shareholders is 4.81 Metalicity shares for every 1 Nex Metals share on issue, valuing Nex Metals equity at A$12.8-million based... 

Image shows trading board of ASX

Vale's Santa Lúcia could add to Oz Mineral's Brazilian plans

By: Esmarie Iannucci     24th September 2021 Copper/gold miner Oz Minerals has announced a maiden mineral resource estimate of 5.8-million tonnes at 2.1% copper and 0.35 g/t gold at the Santa Lúcia deposit, in Brazil. The Santa Lucia project is 100% owned by Brazilian major Vale and the Brazil National Economic Development Bank (BNDES)... 

FE raises cash for Tennant Creek buy

By: Esmarie Iannucci     24th September 2021 Junior FE Limited on Friday announced a A$5-million capital raise to fund the acquisition of a 60% interest in a copper/gold project, in the Northern Territory. The ASX-listed company has struck a deal with Gecko Mining Company (GMC) to acquire the majority interest in its tenement package, at... 

Hudbay finds three new deposits at Copper World

By: Mariaan Webb     24th September 2021 Toronto- and New York-listed Hudbay Minerals has identified three new deposits at its Copper World project, located on wholly-owned private land in Arizona. This now takes the project’s deposits to a total of seven, covering a combined 7 km with mineralised occurrences. “Our 2021 drill... 

Cameco signs MoU to establish uranium supply for Polish reactors

By: Esmarie Iannucci     24th September 2021 TSX-listed uranium miner Cameco, along with GE Hitachi Nuclear Energy (GEH), GEH SMR Technologies Canada (GEH SMR Canada) and Synthos Green Energy (SGE) will jointly evaluate the potential of establishing a uranium fuel supply chain in Canada capable of servicing a potential fleet of BWRX-300... 

Senex signs offtake agreement with 29Metals

By: Esmarie Iannucci     24th September 2021 ASX-listed Senex Energy has inked a gas sales agreement with copper miner 29Metals for its Capricorn operation, in Queensland. Under the three-year agreement, starting in January next year, Senex will supply 2.5 PJ of natural gas to support mining and processing operations at a fixed price, and... 

IMF to advise Peru on reform to increase mining taxes, says finance minister

By: Reuters     24th September 2021 Peru's finance minister said on Thursday that the International Monetary Fund would advise Peru on a tax reform on the mining sector that will capture more revenue in times of high metal prices without affecting competitiveness. "There is a need for more fiscal resources," finance minister Pedro... 

Asante takes a slice of Roscan

By: Esmarie Iannucci     24th September 2021 Gold developer Asante Gold Corporation has announced a $5-million strategic investment into West African gold explorer Roscan Gold Corporation. Under the terms of the agreement, Asante will subscribe for 22.1 million common shares at a price of C$0.29 per Roscan common share, giving Asante a... 

Denison launches FS at Wheeler River

By: Esmarie Iannucci     24th September 2021 TSX-listed Denison Mines has greenlit a feasibility study for the Wheeler River uranium joint venture (JV), in Saskatchewan. The feasibility study would be focused on mining operations at the Phoenix deposit, with engineering firm Wood PLC appointed as lead and author for the study. 

An image of the Wheeler River camp.

Glencore weighs sale of copper mine

By: Esmarie Iannucci     24th September 2021 Diversified miner Glencore on Friday confirmed that it had received interest in its CSA copper mine, near Cobar in New South Wales. “We are currently considering proposals and may decide to enter into a sale process for this asset. These talks are at an early stage and there is no guarantee a... 

Magazine round up | 24 September 2021 

24th September 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 24 September 2021

First Cobalt resumes drilling at Iron Creek

By: Reuters     23rd September 2021 First Cobalt said on Thursday it began drilling at Iron Creek, its cobalt-copper project in Idaho, seeking to double production as higher demand for electric vehicles boosted prices for the metals used in the batteries. A global drive towards electrification of road transport to reduce carbon... 

Vulcan Minerals, Fjordland ink deal for working interest in South Voisey Bay

By: Simone Liedtke     23rd September 2021 TSX-V-listed Vulcan Minerals has inked a binding letter of intent with explorer Fjordland Exploration, which grants Fjordland the option to acquire a 100% working interest in 30 mineral claims (750 ha) located in the South Voisey’s Bay area, Labrador. Under the terms of the agreement, Fjordland... 

China Minmetals unit flags rare earths restructuring

By: Reuters     23rd September 2021 The rare earths arm of China Minmetals said on Thursday it had been notified its parent is planning a "strategic restructuring" of rare earth assets with another State-owned firm, Chinalco, and authorities in the city of Ganzhou. China Minmetals Rare Earth Co and Chinalco Rare Earth & Metals are... 

China bailing on overseas coal should be a boon for renewables

By: Bloomberg     23rd September 2021 If China puts the same financial heft behind green energy in emerging nations as it has in developing fossil fuels projects overseas, it’ll be a step change for global investment in renewables. President Xi Jinping told the United Nations General Assembly this week that China will accelerate... 

Hudson achieves 55.3% niobium concentrate from Nukittooq

By: Schalk Burger     23rd September 2021 TSX-V-listed mining and exploration company Hudson Resources has announced the results of independent metallurgical testwork conducted on the high-grade Nukittooq niobium-tantalum project, in Greenland, which achieved a niobium concentrate assaying 55.3% niobium pentoxide (Nb2O5) at a 66.6%... 

Kibo progresses funding for UK waste gasification, power plant acquisition

By: Simone Liedtke     23rd September 2021 Renewable energy focused developer Kibo Energy is now in receipt of formal term sheets for the funding required to buy a 54.54% interest in the MWe Billingham waste gasification and power plant in the UK. The aggregate amount of funding offered to the company under the term sheets exceed the... 

Nevada Gold Mines to earn into Ridgeline’s Swift gold project

By: Tasneem Bulbulia     23rd September 2021 Gold-silver explorer Ridgeline Minerals has entered into a transaction with Nevada Gold Mines (NGM), pursuant to which the joint venture between Barrick Gold and Newmont can acquire an interest in the Swift gold project; a district-scale (75 km²) land package located in the Cortez district of the... 

Blistering uranium rally reignites debate over nuclear’s future

By: Reuters     23rd September 2021 After languishing at historical lows for the better part of the last decade, uranium suddenly came back from the dead. Prices have surged about 40% just in September, outpacing all other major commodities. In just a few weeks, millions of pounds of supply was scooped up by the Sprott Physical... 

Agrimin's potash project gets govt backing

By: Esmarie Iannucci     23rd September 2021 The Western Australian government has awarded the Mackay potash project Lead Agency status, developer Agrimin said on Thursday. The Department of Jobs, Tourism, Science and Innovation (JTSI) will act as the lead agency for the Mackay potash project, where a final investment decision is targeted... 

Mining magnate parrying BHP bid expands stake in nickel Miner

By: Bloomberg     23rd September 2021 A bidding war for a small Canadian nickel miner is showing no signs of cooling as its largest shareholder, Australian mining magnate Andrew Forrest, took a formal step to increase ownership. Forrest’s Wyloo Metals said it notified Noront Resources to swap its $15-million convertible loan for... 

An image of the Noront exploration camp.

Hot Chili completes Cortadera buy

By: Esmarie Iannucci     23rd September 2021 ASX-listed Hot Chili has completed the acquisition of the Cortadera copper/gold discovery, in Chile, after the early exercise if its option over the asset. Hot Chili had now satisfied $32-million in payments since February 2019 to acquire Cortadera, securing the centrepiece of the company’s... 

Arctic oil and gas exploration is booming despite climate fears

By: Bloomberg     23rd September 2021 Oil and gas companies are being bankrolled by some of the biggest names in finance to tap the Arctic’s vast natural wealth even as warnings grow about the melting ice cap due to man-made global warming. Gazprom, ConocoPhillips and TotalEnergies are among energy firms expanding their fossil-fuel... 

Vale drops prospects rights on indigenous lands in Brazil

By: Reuters     23rd September 2021 Brazilian miner Vale has given up all rights to mining prospects on indigenous lands in Brazil, recognizing that they require the consent of the communities and legislation regulating such activity, the company said on Wednesday. Vale said in a statement that since last year it has returned to... 

Revolver lists on the ASX

By: Esmarie Iannucci     23rd September 2021 Junior explorer Revolver Resources has officially listed on the ASX, following an initial public offering (IPO) which raised A$12.7-million. Revolver issued more than 63.2-million shares under its IPO, at an issue price of 20c a share. 

Mincor closes SPP early

By: Esmarie Iannucci     23rd September 2021 ASX-listed Mincor Resources has closed its share purchase plan (SPP), raising A$1.3-million more than targeted. The nickel developer earlier this month completed a A$60-million share placement, and opened an SPP targeted at raising A$5-million. 

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Magazine round up | 24 September 2021

Menar spells out diversification strategy

Long-term supply contracts shielding Sibanye-Stillwater from PGMs price swing

How Exxaro is advancing from coal into global renewable energy

Chip uncertainty causing PGMs price uncertainty – chief investment officer

Exxaro, Gold Fields, Glencore make headlines

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