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Kumba Iron Ore points to bumper upcoming results

By: Martin Creamer     Updated 1 hour 32 minutes ago Iron-ore mining company Kumba Iron Ore on Thursday pointed to bumper upcoming financial results for the six months to June 30, with headline earnings and basic earnings for the period poised to soar above the comparative period last year by least 150% to R12 602-million and R12 612-million... 

Kumba Iron Ore points to bumper upcoming results
Iron-ore being railed from Kumba Iron Ore's Kolomela operation

Gold miners must up their game to meet 2030 emissions target

Updated 55 minutes ago While the global gold industry is broadly on track to align with a 2 °C climate target by the end of the current decade, more action is needed if the industry is to meet, and surpass, the 1.5 °C mark. This is according to a new report from Wood Mackenzie, which plots the forecast progress of... 

Gold miners must up their game to meet 2030 emissions target

Black-women-owned platinum fuel cell group working on 15 deployment projects  

By: Martin Creamer     23rd June 2021 Majority black-women-owned platinum fuel cell venture Bambili Energy is working on 15 hydrogen and fuel cell-linked deployment projects that are expected to be completed by March next year. Bambili CEO Zanele Mavuso Mbatha is a former key shareholder in Incwala Resources, which partnered with... 

Bambili Energy CEO Zanele Mavuso Mbatha interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

CRU also warns about potential negative impacts of proposed chrome tax 

By: Marleny Arnoldi     23rd June 2021 While a chrome ore tax does protect South African smelting interests, any benefit could be negated by a retaliation from China or a loss of market share for miners, says commodity analyst CRU chrome analyst Samuel Grant. The South African government in October last year announced it was... 

CRU also warns about potential negative impacts of proposed chrome tax
Chrome smelter operation in Lydenburg

Decentralised power projects on a positive trajectory, says Nedbank CIB’s Peo

By: Donna Slater     Updated 4 hours ago The South Africa power sector is undergoing a major shift towards decentralised power projects as a “massive energy crisis” grips the country, says Nedbank Corporate and Investment Banking (CIB) infrastructure, energy and telecommunications head Mike Peo. Speaking during an Infrastructure Africa... 

Firefinch raises A$47m for Morila and Goulamina plans

By: Esmarie Iannucci     Updated 2 hours 24 minutes ago ASX-listed Firefinch has launched a A$47-million capital raise to fund the ramp-up of production at its Morila gold mine, in Mali, to 200 000 oz of gold by 2024. The company will place some 117-million new shares, at a price of 40c each under its existing placement capacity.  

Macsteel settles safeguard-duty case with DTIC and secures two-year reprieve 

By: Terence Creamer     23rd June 2021 Department of Trade, Industry and Competition (DTIC) and Macsteel have reached a legal settlement in a case brought by the steel merchant after government extended the implementation of safeguard duties on hot-rolled coil (HRC) imports in August last year. The case was settled in the High Court,... 

Macsteel settles safeguard-duty case with DTIC and secures two-year reprieve

Tsodilo sets sights on contributing to low-carbon steelmaking in Botswana 

By: Simone Liedtke     23rd June 2021 TSX-V-listed Tsodilo Resources has entered into a research collaboration with the Department of Chemical, Materials and Metallurgical Engineering at the Botswana International University of Science and Technology (BIUST) and Morupule Coal Mine (MCM) to undertake metallurgical studies with respect... 

De Beers earns $470m in rough diamond sales amid strong demand

By: Creamer Media Reporter      23rd June 2021 Diamond miner De Beers recorded $470-million of rough diamond sales in its fifth sales cycle of this year. This is higher than the $385-million recorded in the fourth sales cycle of this year and significantly higher than the $56-million earned for the combined fourth and fifth sales cycles of 2020. 

Northam chair retires

By: Marleny Arnoldi     23rd June 2021 JSE-listed Northam Platinum has advised that chairperson Khomotso Brian Mosehla has retired as chairperson, effective June 22. He will also step down as director on June 30.  

Fairtree lifts stake in Harmony

By: Marleny Arnoldi     23rd June 2021 Fairtree Asset Management has increased its shareholding in Harmony Gold to 5.0728%. The Cape-Town-based investment manager has more than R75-billion of combined assets under management.  

Congo seizes gold worth $1.9m in Okapi wildlife reserve

By: Reuters     23rd June 2021 Congolese authorities have seized 31 kg of gold, worth around $1.9-million, in the Okapi Wildlife Reserve in the country's northeast, in a rare loss for smugglers who fraudulently bring tonnes of Congolese gold into the global market each year. Lieutenant Jean de Dieu Musongela, head of the... 

Morocco's Managem starts gold production at its Guinea mine

By: Reuters     23rd June 2021 Moroccan mining company Managem said it had started gold production on Wednesday at its mine in Guinea, opened as part of its expansion plan in Africa. The company said it plans to produce 130 000 oz of gold a year at the Tri-K mine, where reserves are estimated at 1.5-million ounces. 

Tanzanian billionaire sees business booming under new President

By: Bloomberg     23rd June 2021 Private business in Tanzania is set to expand rapidly as President Samia Hassan moves to reassure investors and improve the nation’s operating environment, according to billionaire Mohammed Dewji. Dewji expects MeTL, the industrial conglomerate he owns, to ramp up sisal output as it targets... 

Coal mines and environmental stewardship can co-exist – association

By: Mariaan Webb     Updated 26 minutes ago Coal Association of Canada CEO Robin Campbell said on Wednesday that responsible coal development and environmental stewardship can co-exist, allowing for the protection of natural heritage, while creating high-paying jobs. He was commenting in a statement on the Coal Association of Canada’s... 

Coal mines and environmental stewardship can co-exist – association
Montem's Tent Mountain mine is located in the Crowsnest Pass, and straddles both sides of the southwest Alberta and southeast British Columbia border.

Palladium One announces more Smoke Lake results

By: Creamer Media Reporter      Updated 43 minutes ago TSX-V-listed explorer Palladium One Mining on Wednesday announced new results from the Phase 2 Tyko drill programme, at the Smoke Lake target of its Tyko nickel/copper project. The results containing massive magmatic sulphide intercepts grade up to 10.2% nickel equivalent (23.7%... 

Karnalyte needs ‘major partner’ for potash project

By: Mariaan Webb     Updated 1 hour 24 minutes ago Canadian fertiliser products company Karnalyte Resources has received a strategic review report from MNP, which concluded that the junior must find a “major industry partner” to develop the Wynyard potash project. In its feedback on the strategic review report, the Karnalyte board indicated that... 

BHP looks to double base metals exploration budget, executive says

By: Reuters     Updated 1 hour 54 minutes ago BHP Group plans to almost double exploration spending for base metals within five years, its chief technical officer Laura Tyler said on Wednesday, after shifting its exploration headquarters to Canada. The world's biggest listed miner is expected to log bumper profits in August on booming... 

BHP looks to double base metals exploration budget, executive says
BHP chief technical officer Laura Tyler

W. Australia says Aboriginal groups will be at centre of new heritage laws

By: Reuters     Updated 2 hours ago Western Australia's government has said that Indigenous groups will be put at the centre of decision-making in new heritage laws, rebutting criticism that the regulations will be little changed from those that allowed Rio Tinto to destroy culturally important caves last year. Rio's destruction... 

Arafura sets sights on A$40m raise

By: Esmarie Iannucci     Updated 2 hours 14 minutes ago Rare earths developer Arafura Resources has received firm commitments for a A$40-million share placement. The ASX-listed company on Thursday reported that it would place more than 333.3-million shares, at a price of 12c each, in two tranches. 

A mining startup's rush for underwater metals comes with deep risks

By: Bloomberg     Updated 2 hours 24 minutes ago A seabed mining startup, DeepGreen Metals, has successfully sold itself to investors as a game-changing source of minerals to make electric car batteries that can be obtained in abundance—and at great profit—while minimising the environmental destruction of mining on land. But there’s strong... 

A mining startup's rush for underwater metals comes with deep risks

Interior Secretary says no plan 'right now' to ban new oil, gas leasing

By: Reuters     Updated 2 hours 31 minutes ago US Interior Secretary Deb Haaland on Wednesday told a congressional hearing that there is no plan to permanently ban new oil and gas drilling on federal land but her agency will soon release a report that will assess the future of the federal oil and gas leasing program. The Biden administration... 

Interior Secretary says no plan 'right now' to ban new oil, gas leasing
Interior Secretary Deb Haaland

Okvau pours its first gold

By: Esmarie Iannucci     Updated 2 hours 37 minutes ago The Okvau gold mine, in Cambodia, has poured its first gold. ASX-listed Emerald Resources on Thursday reported that two gold bars weighing a combined 8.6 kg were produced during the three-day commissioning of the gold room.  

Ore processing starts at Karlawinda

By: Esmarie Iannucci     Updated 2 hours 38 minutes ago Ore processing has started at the Karalwinda gold project, in Western Australia, following the completion of construction. ASX-listed Capricorn Metals on Thursday told shareholders that the construction activities had been completed to plan over the last three weeks, culminating in the ball... 

FFI inks option with Tasmanian Ports Corp

By: Esmarie Iannucci     Updated 2 hours 39 minutes ago Iron-ore major Fortescue Metals’ energy arm, Fortescue Future Industries (FFI) has inked an option agreement with Tasmanian Ports Corporation (TasPorts) to exclusively negotiate all land and operating access requirements for its proposed 250 MW green hydrogen plant in Bell Bay in Northern... 

Australia on target with emission reductions

By: Esmarie Iannucci     Updated 3 hours ago Australia’s emissions are expected to decrease by as much as 57-million tonnes in 2021, the Clean Energy Regulator’s latest Quarterly Carbon Market Report noted. This would represent a 7% increase on 2020, demonstrating the ongoing success of the government’s initiatives, including the Emissions... 

Rio to collaborate on market ecosystem

By: Esmarie Iannucci     Updated 3 hours ago Diversified miner Rio Tinto has signed a memorandum of understanding (MoU) with energy management and automation leader Schneider Electric to collaborate on the development of a circular and sustainable market ecosystem for both companies and their customers. This multi-product partnership would... 

Battery industry worth A$7.4bn/y to Aus

By: Esmarie Iannucci     Updated 3 hours ago Diversified battery industries could contribute some A$7.4-billion annually to the Australian economy and support 34,700 jobs by 2030, a new report by consulting service Accenture found. Conducted on behalf of the Future Battery Industries Cooperative Research Centre (FBICRC), the report,... 

Battery industry worth A$7.4bn/y to Aus

Polyus to boost gold output by 4% in 2022

By: Reuters     23rd June 2021 Russia's largest gold producer Polyus plans to increase gold output by 4% to 2.8-million troy ounces in 2022, it said on Wednesday. Polyus, the world's fourth-largest gold producer, will raise production further in 2023 to 2.9-million troy ounces but will keep capital expenditures stable... 

Indonesia, home to giant gold mine, wants its own bullion bank

By: Bloomberg     23rd June 2021 Indonesia, home to one of the world’s largest gold mines, plans to set up a bullion bank to spur trading of the precious metal domestically. The government is consulting with parties including the central bank and the mining industry, with a plan to start operating the bank in 2024, Trade... 

Covid cases shut Harte Gold's Sugar Zone mill

By: Mariaan Webb     23rd June 2021 Toronto-listed junior Harte Gold on Tuesday reported its first Covid-19 workplace transmission at the Sugar Zone mine, near White River, with three cases among its workforce. The company said that two of the three were asymptomatic. The workplace transmission occurred in the mill facilities and... 

Pipeline study underway for Bowen basin

By: Esmarie Iannucci     23rd June 2021 The Queensland government on Wednesday announced a A$5-million study would be undertaken on a gas pipeline which could potentially unlock the Bowen basin and create more jobs. Resources Minister Scott Stewart said the initial concept phase of the Bowen basin pipeline study was underway and would... 

Western Copper unveils PEA for C$3.25bn Yukon project

By: Creamer Media Reporter      23rd June 2021 Rio Tinto-backed junior Western Copper and Gold on Tuesday unveiled the results of an updated preliminary economic assessment (PEA) for a large copper/gold/molybdenum deposit in the Yukon, which failed to excite the market. The study examined the development of the Casino project, which... 

Western Copper unveils PEA for C$3.25bn Yukon project

Australian Aboriginal opposition mounts to new state heritage laws

By: Reuters     23rd June 2021 Opposition is mounting from Australian Indigenous groups to draft Western Australian heritage legislation as groups say there is little change to regulations that allowed Rio Tinto to destroy culturally and historically important caves last year. Rio's destruction of the 46 000 year old Juukan... 

De Grey adds to Mallina resource

By: Esmarie Iannucci     23rd June 2021 Junior De Grey Mining has reported a 6.8-million ounce maiden mineral resource for the Hemi discovery, within its larger Mallina gold project, in the Pilbara region of Western Australia. The Hemi resource brings the total mineral resource estimate for the Mallina project from 2.2-million ounces... 

Ardiden to form lithium JV in Ontario

By: Esmarie Iannucci     23rd June 2021 Gold explorer Ardiden on Wednesday reported that Great Northern Lithium had exercised an A$8.7-million option to form a lithium joint venture. The ASX-listed company in May agreed to an exclusive option with Great Northern Lithium to potentially sell 80% of its lithium portfolio. The company... 

Strickland raises cash for Millrose buy

By: Esmarie Iannucci     23rd June 2021 ASX-listed Strickland Metals has announced a A$12-million capital raise to underpin the purchase of the Millrose gold project, in Western Australia, increasing the company’s resource base to over 600 000 oz of gold in the Yandal belt. Strickland on Wednesday reported that it had entered into a... 

Strickland raises cash for Millrose buy

Wiluna targeting full production by end of 2022

By: Esmarie Iannucci     23rd June 2021 Gold developer Wiluna Mining Corporation on Wednesday said that it was targeting a full ramp-up of production of 120 000 oz/y at its Wiluna operation, in Western Australia, by the end of 2022. The Stage 1 750 000 t/y flotation plant is some 54% complete and mine development is some 35% complete,... 

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