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Crop nutrients have double potential of coal being exited – Anglo

By: Martin Creamer     Updated 6 hours ago Covid-19 notwithstanding, diversified mining company Anglo American will this year be spending the $300-million that it forecast on the Woodsmith polyhalite project in the UK, which gives it entry into the crop nutrients business at a time when fertilising is being hailed a godsend to ease global... 

Crop nutrients have double potential of coal being exited – Anglo
Photo by Anglo American
Anglo American's Woodsmith polyhalite mining shaft under construction.

Gold surges to record as week opens with spot price near $2 000

By: Bloomberg     3rd August 2020 Gold’s spot and futures prices opened the week by hitting records, with metal for immediate delivery closing in on $2 000 an ounce as the search for haven assets continued amid the coronavirus pandemic. Spot bullion surged 11% in July, the biggest monthly gain since 2012, as investors weighed a... 

Gold surges to record as week opens with spot price near $2 000

Implats appoints chairperson designate

By: Donna Slater     Updated 4 hours ago Platinum group metals miner Impala Platinum (Implats) has appointed advocate Thandi Orleyn as an independent nonexecutive director and chairperson designate. Her appointment to the board will take effect on August 3, and she will assume the role of chairperson at the conclusion of the company’s... 

Implats appoints chairperson designate
Photo by Creamer Media
Implats incoming chairperson designate Thandi Orleyn

Global coal power falls for first time even as China builds more

By: Bloomberg     3rd August 2020 Global coal-fired power capacity edged down for the first time on record in the first half of 2020 as retirements accelerated and the coronavirus saw new projects put on hold. The closing of plants, especially in Europe and the US, outpaced the start of new units, more than 60% of which were in... 

Global coal power falls for first time even as China builds more
The Asheville power plant, in North Carolina, US.

Sasol calls for bids for 10 MW solar plants at Mpumalanga, Free State operations

By: Terence Creamer     Updated 5 hours ago Chemicals and energy group Sasol has issued a request for proposals (RFP) for the development of two embedded solar photovoltaic (PV) facilities of 10 MW apiece at its operations in Secunda, in Mpumalanga, and Sasolburg, in the Free State. The closing date for submissions is Friday, October 2. 

Sasol calls for bids for 10 MW solar plants at Mpumalanga, Free State operations
The Secunda complex

Weekly Coal Index Report

Updated 5 hours ago There is an expectation of price recovery in the market, as demand for power grows alongside the loosening of Covid-19 restrictions, and as more producers hold back supply. In Europe, coal burn is likely to remain weak through 2020 but will be offset by an even bigger contraction in supply,... 

Weekly Coal Index Report

Galiano Gold COO dies of Covid-19

By: Creamer Media Reporter      3rd August 2020 Galiano Gold COO Josephat Zvaipa has died after contracting Covid-19. Galiano is the operator and manager of the Asanko mine, in Ghana, which it jointly owns with South Africa-based major Gold Fields. “The entire Galiano Gold and Asanko Gold Ghana family mourns the loss and we extend our... 

Glencore’s strong first-half positions it for top-end marketing earnings 

By: Martin Creamer     31st July 2020 Diversified mining and marketing company Glencore has delivered an overall strong  first-half operating performance amid the unprecedented challenges presented by  Covid-19. “This reflects both the ability and dedication of our teams to adapt to these difficult conditions,” said Glencore CEO Ivan... 

Glencore’s strong first-half positions it for top-end marketing earnings

Bushveld Minerals advances plans to support VRFB development

By: Simone Liedtke     Updated 4 hours ago Aim-listed Bushveld Minerals has advanced the acquisition of Austrian group Enerox by acquiring a further 65.1% of the investment vehicle’s share capital through Enerox Holdings Limited (EHL). EHL is a newly incorporated investment vehicle formed by a consortium of investors, including Bushveld... 

Tietto raises cash for African gold project

By: Esmarie Iannucci     Updated 7 hours ago Gold explorer Tietto Minerals will raise A$62.5-million through a share placement and share purchase plan (SPP) to fund exploration work and feasibility studies at the Abujar gold project, in Cote d’Ivoire. The ASX-listed company on Monday said that it had received firm commitments for the... 

Post-Covid challenges for automotive sector to put strain on platinum demand – WPIC 

By: Simone Liedtke     31st July 2020 Demand from the automotive sector is the largest demand segment for platinum, accounting for around 40% of yearly platinum demand. The industry mainly uses platinum in autocatalysts or catalytic converters in internal combustion engine vehicles.  

AngloGold CEO asked to leave after fund pressure, Bloomberg reports 

By: Bloomberg     31st July 2020 AngloGold Ashanti's CEO was pushed to leave after shareholders asked for further investigations into a bonus payment by his former employer that he didn’t initially disclose, according to people familiar with the matter. The mining company announced on Thursday that Kelvin Dushnisky would step... 

AngloGold CEO asked to leave after fund pressure, Bloomberg reports
Kelvin Dushnisky

MC Mining output, sales buckle under lower demand, prices in Q2

By: Marleny Arnoldi     31st July 2020 JSE-, ASX and Aim-listed MC Mining has experienced a challenging June quarter, troubled by low coal volumes and prices. The company’s Uitkomst colliery, in KwaZulu-Natal, did not produce run-of-mine (ROM) coal in April, while being limited to 50% labour capacity in May, and normalised... 

Goldplat to sell Kilimapesa

By: Simone Liedtke     31st July 2020 Aim-listed gold producer Goldplat is progressing plans to divest of its mining operations, announcing on Friday that it would sell its Kenya underground operation, Kilimapesa, to investment firm Mayflower Capital Investments. Goldplat, which is focusing on gold recovery operations in South Africa... 

Bassari makes a plan for Senegal

By: Esmarie Iannucci     31st July 2020 Junior gold developer Bassari Resources has unveiled a mining start up plan for its Makabingui project, in Senegal, to take advantage of the high gold price. The ASX-listed company said that the new mine plan had been developed as a full-scale mining and production start up was not possible at... 

B2Gold launches North American gold bar campaign to support rhino conservation

By: Donna Slater     31st July 2020 Canada-based B2Gold has launched a Namibian Rhino Gold Bar campaign in North America to help support the conservation and protection of the critically endangered black rhinos, and the community-based rhino rangers and trackers who protect the rhinos, in Namibia. This announcement coincides with... 

GroundWork approaches court over IRP

By: Marleny Arnoldi     31st July 2020 Environmental organisation GroundWork has launched new court proceedings against the Mineral Resources and Energy Minister Gwede Mantashe and the National Energy Regulator of South Africa (Nersa). GroundWork stresses that decisions about South Africa’s energy future must be made in a... 

Sylvania buys back more shares

By: Donna Slater     Updated 9 minutes ago Rustenburg-based platinum group metals miner Sylvania Platinum in July acquired 7 535 ordinary shares, representing about 0.003% of the company’s issued share capital, at A$0.9195 each. This forms part of Sylvania’s plan for the buyback of up to 1.65-million ordinary shares of $0.01 from all... 

Barrick reinforces exploration with appointment of regional VPs

By: Donna Slater     Updated 11 minutes ago TSX- and NYSE-listed gold miner Barrick Gold Corporation has strengthened its exploration team through the appointment of eminent geologists Aoife McGrath and Leandro Sastre in the newly created positions of Africa and Middle East exploration VP and Latin America and Asia Pacific exploration VP,... 

AfriTin raises £3m for debottlenecking capital projects

By: Simone Liedtke     Updated 13 minutes ago African tin miner AfriTin has secured additional financing by way of a placing and subscription to raise just over £3-million. The majority of the placing is being subscribed for by existing shareholders. 

Former SARB chief economist Dr Monde Mnyande dies

By: Simone Liedtke     Updated 54 minutes ago Former South African Reserve Bank (SARB) chief economist and executive GM Dr Monde Mnyande passed away on August 2 following a short illness. Mineral Resources and Energy Minister Gwede Mantashe on August 3 said Mnyande joined the Department of Mineral Resources and Energy (DMRE) team when he was... 

Kropz delays Elandsfontein's first production date to 2021

By: Simone Liedtke     Updated 1 hour 7 minutes ago The target date for commissioning at emerging African plant nutrient feed minerals producer Kropz’s Elandsfontein phosphate project has been moved to the fourth quarter of 2021. The move is as a result of additional test work being required, as well as the design and delivery of long-lead capital... 

Maxam launches new integrated blasting service

By: Simone Liedtke     Updated 1 hour 13 minutes ago Energetic materials manufacturer Maxam has officially launched its new integrated blasting service, called X-Energy, which is aimed at addressing and optimising the total cost of ownership in mining, quarrying and infrastructure operations through a continuous improvement spiral.   

Maxam launches new integrated blasting service

Air Envirotech launched to assist mining industry in creating ‘cleaner air’

By: Simone Liedtke     Updated 1 hour 15 minutes ago Air pollution, dust control and pneumatic product handling specialists Air Envirotech has started operating, providing a comprehensive range of air environmental and pneumatic conveying services, systems and technologies. The company mainly focuses on the mining, metallurgical processing and... 

Top copper nation gets tougher on water with BHP in crosshairs

By: Bloomberg     Updated 1 hour 39 minutes ago Authorities in Chile are cracking down on water use by mines in the driest desert on earth, threatening future supply in the top copper-producing nation. On Friday, Chile’s environmental agency SMA charged BHP Group’s Escondida for allegedly drawing more water than allowed for almost 15 years in... 

Greenland's Dundas has considerable support from govt, locals

By: Mariaan Webb     Updated 1 hour 53 minutes ago The final face-to-face consultation meeting for the Dundas ilmenite project, in Greenland, concluded on Friday, and judging by London-listed junior Bluejay Mining’s latest statement, the project has received strong support from local citizens. According to a company announcement, Greenland... 

Kazatomprom workers returning to site, confirms spot market purchases

By: Mariaan Webb     Updated 4 hours ago Kazakhstan-based Kazatomprom is mobilising employees and expects to have its sites back to normal staff levels within two to three weeks. The world’s largest uranium producer said on Monday it believed it could safely begin to bring staff back to its mine sites, after a four-month... 

Kazatomprom workers returning to site, confirms spot market purchases

Rio Tinto sues Australia's Monadelphous over fire at iron-ore facility

By: Reuters     Updated 5 hours ago Global miner Rio Tinto on Monday said it has initiated proceedings against a unit of engineering contractor Monadelphous Group over a fire that occurred last year at its iron ore processing facility at Western Australia. A Rio spokesperson confirmed the suit after Monadelphous said in a... 

Carnaby sells Tick Hill stockpile

By: Esmarie Iannucci     Updated 5 hours ago ASX-listed Carnaby Resources has sold the historic Tick Hill tailings stockpile, in Queensland, for A$6-million, retaining full ownership of the Tick Hill project. The consideration from private mining and processing group BIM Metals will consists of A$4-million in cash and a 5% net smelter... 

Guyana-Zijin court hearing delayed

By: Mariaan Webb     Updated 6 hours ago TSX-listed Guyana Goldfields still expects its takeover by Zijin Mining to conclude this month, despite a delay in a court hearing for the final order to approve the South America-focused mining company's takeover by the Chinese group. The Ontario Superior Court of Justice fairness hearing for... 

Energy Fuels optimistic about US uranium developments

By: Mariaan Webb     Updated 6 hours ago Uranium and rare earths elements (REE) company Energy Fuels CEO Mark Chalmers is optimistic that the proposed $1.5-billion to create a US uranium reserve will be funded and implemented, despite sometimes “slow and uneven” progress in the government. “Our allies in Congress and the Trump... 

Energy Fuels optimistic about US uranium developments
The White Mesa mill, in Utah.

Venture raises cash for Riley start

By: Esmarie Iannucci     Updated 7 hours ago Junior Venture Minerals will raise A$4-million through a share placement to fund the start of mining activities at its Riley iron-ore project, in Tasmania. Venture on Monday said it had received firm commitments from sophisticated, professional and institutional investors for the placement of... 

Rio strikes exploration deal with Sipa

By: Esmarie Iannucci     Updated 7 hours ago Gold and base metals explorer Sipa Resources has inked a A$12-million farm-in agreement with the exploration arm of major Rio Tinto over its Paterson North copper/gold project, in Western Australia. Under the terms of the farm-in and joint venture (JV) agreement, Rio will commit a minimum... 

AuStar inks concentrate deal

By: Esmarie Iannucci     Updated 7 hours ago Junior AuStar Gold has inked a definitive concentrate sales agreement with New York based metals trading house MCC Non-Ferrous Trading for the sale of high-grade concentrate product. AuStar told shareholders that the terms of the agreement remained commercial-in-confidence, but represented... 

Peel moves ahead with Mallee Bull deal

By: Esmarie Iannucci     Updated 7 hours ago Junior Peel Mining has exercised its pre-emptive rights to acquire joint venture (JV) partner CBH Resource’s 50% stake in the Mallee Bull base metals project, in New South Wales, launching its one-for-eight pro-rata non-renounceable entitlement offer. The company in July this year announced... 

Pretium reports Brucejack fatality

By: Creamer Media Reporter      Updated 7 hours ago A worker has died at the Brucejack mine, near Stewart, British Columbia, gold miner Pretium Resources (Pretivm) reported at the weekend. The incident occurred on Friday and the employee died in a hospital in Terrace on Saturday. The incident occurred during maintenance at a support facility on... 

First contract awarded at Coburn

By: Esmarie Iannucci     3rd August 2020 Mineral sands developer Strandline Resources has awarded a A$23-million contract to civil and mining contractor Macmahon for the construction of road access and bulk earthworks at the Coburn project, in Western Australia. The scope of the work will include the construction of a 43-km bitumen... 

BHP recycling tyres in Queensland

By: Esmarie Iannucci     3rd August 2020 Diversified miner BHP on Monday announced that up to 30 new jobs would be created in Queensland’s Bowen Basin as a result of a new partnership with Novum Energy to recycle mining truck tyres for the first time in Australia. Used earth moving tyres from all seven coal mine sites in Queensland... 

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