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Kumba’s 2020 output to be at lower-end of guidance

By: Tasneem Bulbulia     Updated 1 hour 7 minutes ago JSE-listed Kumba Iron Ore is finishing 2020 in good shape, despite the unique challenges of Covid-19, CEO Themba Mkhwanazi said on Friday, announcing an updated guidance for South Africa’s largest iron-ore producer. Mkhwanazi indicated that to ensure the value chain was balanced, and finished... 

Kumba’s 2020 output to be at lower-end of guidance
Kumba CEO Themba Mkhwanazi

Copper surges as fears build for post-pandemic shortage

By: Reuters     Updated 3 hours ago Copper in London hit the highest in more than seven years amid deepening concerns that miners will struggle to match demand as a global recovery bolsters this year’s China-driven boost. The metal used in wires and cables is on the cusp of a fifth weekly advance, in a powerful rally fueled by... 

Copper surges as fears build for post-pandemic shortage

BlueRock recovers 12.6 ct diamond from Kareevlei

By: Tasneem Bulbulia     Updated 2 hours 35 minutes ago Aim-listed BlueRock Diamonds has recovered a 12.6 ct diamond from its Kareevlei diamond mine in the Kimberley region of South Africa. Executive chairperson Mike Houston said on Friday that the discovery was “exceptional”. 

Glencore, China’s GEM extend strategic cobalt partnership 

By: Martin Creamer     3rd December 2020 Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by another five years. Both companies have also formally embedded responsible sourcing and sustainability into the contractual relationship. 

Glencore, China’s GEM extend strategic cobalt partnership
Glencore CEO Ivan Glasenberg

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers 

By: Donna Slater     3rd December 2020 Although lockdowns across the world have had a significantly negative impact on diamond sales, demand is beginning to gain traction again as the industry nears the popular Christmas selling season and certain regions emerge from months-long strict lockdowns, says De Beers CEO Bruce Cleaver.... 

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers
Photo by Creamer Media's Donna Slater
De Beers' Venetia open-pit diamond mine

Investment in green hydrogen production to exceed $1bn by 2023 − IHS Markit 

By: Marleny Arnoldi     3rd December 2020 Investment in the production of hydrogen powered by renewable sources, or green hydrogen, is likely to exceed $1-billion by 2023, says research agency IHS Markit. The agency attributes an elevated investment outlook to falling costs and policy support from governments that are looking to shift... 

Report finds mining companies prioritise community wellbeing over energy targets

By: Marleny Arnoldi     3rd December 2020 Law firm Hogan Lovells’ latest 'Future of Mining' report finds that two-thirds of mining companies have developed community impact programmes as part of their sustainability policies. These programmes are typically focused on jobs, transport and clean water.  

Exxaro output, sales for the year on par with last year despite dampened markets

By: Marleny Arnoldi     3rd December 2020 In a pre-close update provided on December 3, JSE-listed diversified miner Exxaro Resources said the easing of Covid-19 lockdowns around the world in the latter part of the year had helped to increase coal offtake volumes in both the domestic and international markets. FD Riaan Koppeschaar... 

Exxaro output, sales for the year on par with last year despite dampened markets
Photo by Creamer Media's Donna Slater
Exxaro FD Riaan Koppeschaar

Kamoa-Kakula stockpile building up ahead of July 2021 production start

By: Marleny Arnoldi     3rd December 2020 TSX-listed Ivanhoe Mines has announced that underground development at the Kamoa-Kakula copper project, in the Democratic Republic of Congo, produced a combined 250 000 t of ore, grading 4.85% copper, in November. This tonnage from the Kakula and Kansoko mines was 29% higher than the volumes... 

Kenmare nears grid-connected operations, startup of pump system

By: Marleny Arnoldi     3rd December 2020 London-listed Kenmare Resources expects operations at its Pilivili deposit, at the Moma titanium minerals mine, in Mozambique, to be running on grid power before the end of the year, after having been run on diesel-powered generators during its recommissioning. This while the project’s heavy... 

Battery costs fall, make electric vehicles cheaper - BMI

By: Reuters     3rd December 2020 The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI). One barrier to a higher take up of electric vehicles has been the high... 

Battery costs fall, make electric vehicles cheaper - BMI

Permitting steps for GoldStone's Ghana mine progressing

By: Tasneem Bulbulia     3rd December 2020 Aim-listed GoldStone Resources has received notice that the Ghanaian Ministry of Lands and Natural Resources (MLNR) has recommended the granting of an expanded mining lease in respect of the Akrokeri-Homase gold project and  it is now subject to ratification by the relevant Ghanaian Ministerial... 

Mkango sends rare earths samples for testwork

By: Marleny Arnoldi     3rd December 2020 Aim-listed Mkango Resources’ Malawian subsidiary has completed an extensive hand-auger drilling and soil sampling programme to identify rutile prospects within the 869 km2 Mchinji licence, in Malawi. The samples have been transported to a specialist assay laboratory Scientific Services in Cape... 

Woodside takes FAR's Senegal interest

By: Esmarie Iannucci     3rd December 2020 Australian oil and gas producer Woodside has exercised its rights over the Rufisque offshore, Sangomar offshore and Sangomar deep offshore (RSSD) contract area, offshore Senegal, pre-empting joint venture (JV) partner FAR’s sale of its interest in the project. FAR in November announced that it... 

Horizonte expects to conclude financing by mid-2021

By: Marleny Arnoldi     Updated 51 minutes ago TSX- and Aim-listed Horizonte Minerals reports that the Araguaia nickel project, in Brazil, is steadily moving towards construction, with the company having completed the value engineering phase. This phase included improvements made to the plant design and flow sheet to optimise the project’s... 

Investments, copper, Chinese trade relations make headlines  

Updated 2 hours 57 minutes ago Mining Weekly Editor Martin Creamer unpacks mining companies going all out for investors, a bull market in copper is now firmly under way and South Africa’s buoyant trade relations with China.   

Investments, copper, Chinese trade relations make headlines

Nickel Mines raises first A$275m

By: Esmarie Iannucci     Updated 3 hours ago ASX-listed Nickel Mines has successfully completed the institutional component of its A$364-million equity raising. The company on Friday announced that the institutional entitlement offer raised some A$275-million, at 94c a share, and was well supported by institutional shareholders with a... 

Calidus consolidates landholding in WA

By: Esmarie Iannucci     Updated 3 hours ago Gold developer Calidus Resources has entered into a farm-in agreement giving it the right to earn up to a 75% interest in an exploration tenement some 75-km from its Warrawoona gold project, in Western Australia. The tenement is also located immediately along strike of the Blue Spec gold mine,... 

Explorer Tempus to list in Canada

By: Esmarie Iannucci     Updated 3 hours ago Junior explorer Tempus Resources will start trading on the TSX-V on December 7, under the symbol TMRR. “Listing on the TSX-V exchange is a key part of our strategy to further open up investment in the company and access capital from North America, in particular,” said MD Brendan Borg on Friday.... 

Mining a mainstay in Qld - Minister

By: Esmarie Iannucci     Updated 3 hours ago The Australian Petroleum Production and Exploration Association (Appea) has welcomed Queensland’s newly appointed Resources Minister Scott Stewart’s endorsement of the resources sector. In a speech to Parliament, Stewart pointed out that the resources sector in Queensland employed nearly 73 000... 

Arcadia seeks JV partners or buyers for Wyoming prospect

By: Marleny Arnoldi     Updated 3 hours ago Wyoming-based rare earths explorer Arcadia Minerals has asked EnerCom to assist in identifying potential joint venture (JV) partners or buyers for its properties. Arcadia owns two proven resource blocks on 1 133 ha located in Wyoming, containing zirconium, titanium and rare earths.  

Arcadia seeks JV partners or buyers for Wyoming prospect
Rare earth oxides

US Senate committee approves Bill for uranium reserve

By: Creamer Media Reporter      Updated 3 hours ago The US Senate Committee on Environment and Public Works (EPW) has approved the bipartisan Bill that includes a yearly programme for a national strategic uranium reserve EPW Senate committee chairperson Senator John Barrasso stated on Thursday that the American Nuclear Infrastructure Act would... 

US Senate committee approves Bill for uranium reserve

WA implements new diesel standards

By: Esmarie Iannucci     Updated 4 hours ago Western Australian miners would now have to ensure that diesel particulate matter (DPM) does not exceed 0.1 milligrams per cubic metre of air in the workplace, after the state government made changes to the workplace exposure standards. While mine operators were previously encouraged to ensure... 

Carrapateena meets milestone

By: Esmarie Iannucci     Updated 4 hours ago Copper miner Oz Minerals has completed the ramp-up of its Carrapateena mine, in South Australia, reaching a mine production rate of 4.25-million tonnes a year during November. “While the mill achieved nameplate capacity in March, the mine production ramp-up has continued throughout the year and... 

Trump sets Jan 6 auction of Arctic Refuge drilling rights

By: Bloomberg     Updated 4 hours ago The Trump administration announced it will sell oil drilling rights in the Arctic National Wildlife Refuge on January 6 -- an auction that would complicate President-elect Joe Biden’s vow to “permanently protect” the rugged reserve in northeast Alaska. A formal “notice of sale” is set to be... 

Trump sets Jan 6 auction of Arctic Refuge drilling rights

Wiluna raises cash for WA gold hunt

By: Esmarie Iannucci     Updated 4 hours ago ASX-listed Wiluna Mining is hoping to raise A$24.55-million through a share placement and share purchase plan (SPP) to fund its gold works in Western Australia. The company on Friday announced that it would place more than 15.77-milion shares to international and domestic institutional and... 

Appea report warns of gas reservation issues

By: Esmarie Iannucci     Updated 4 hours ago A new report commissioned by the Australian Petroleum Production and Exploration Association (Appea) has warned that a gas market intervention in Australia could risk investment and supply in the sector. Undertaken by EnergyQuest, the report examined the gas market policies of 20 major... 

Appea report warns of gas reservation issues

Exxaro partners with local municipality, other miners to establish an EDC for entrepreneurs

By: Simone Liedtke     Updated 4 hours ago Diversified miner Exxaro Resources has partnered with the Steve Tshwete local municipality and mining companies Arnot OpCo, Anglo American Coal South Africa and Glencore to establish an enterprise development centre (EDC) for local entrepreneurs in the Mhluzi township, in Middelburg, Mpumalanga.... 

Exxaro partners with local municipality, other miners to establish an EDC for entrepreneurs

Northern Dynasty to appeal Army Corp’s Pebble decision

By: Mariaan Webb     3rd December 2020 Canadian firm Northern Dynasty on Thursday announced that its US-based subsidiary, Pebble Limited Partnership, would appeal the US Army Corps of Engineers’ (USACE's) issuance last week of a negative record of decision (RoD) for the proposed Pebble mine in south-west Alaska. The RoD issued by the... 

Northern Dynasty to appeal Army Corp’s Pebble decision

BHP says copper output needs to double in 30 years, criticises pricing system

By: Reuters     3rd December 2020 Copper production must double in the next 30 years to meet demand driven by global trends towards decarbonisation and electrification, a senior BHP executive said on Thursday. Copper, widely used in power and construction, is well placed to benefit from the decarbonisation targets of some the... 

BHP says copper output needs to double in 30 years, criticises pricing system

China to allow Australian coal cargo ashore despite ban

By: Reuters     3rd December 2020 China is set to allow a shipment of Australian coal into the country, according to a person familiar with the matter, despite a ban on such imports remaining in place as tensions between Beijing and Canberra escalate. A cargo of 135 000 tons of Australian thermal coal on the vessel Alpha Era,... 

China to allow Australian coal cargo ashore despite ban

Australian inquiry into sacred cave destruction seen recommending mining reforms

By: Reuters     3rd December 2020 An Australian inquiry into Rio Tinto's destruction of ancient rock shelters is likely criticise the miner's procedures and recommend legal and sector reforms when it issues its findings next week, according to legal, Indigenous and mining sources. The inquiry into the lawful destruction of the... 

Merger consolidates BC copper district

By: Creamer Media Reporter      3rd December 2020 Juniors Serengeti Resources has announced that it will acquire fellow TSX-V-listed Sun Metals, consolidating the contiguous copper/gold exploration assets of Kwanika and Stardust, both of which will benefit from operational synergies as the projects advance, along with a portfolio of British... 

Odysseus tracking to schedule

By: Esmarie Iannucci     3rd December 2020 Nickel miner Western Areas’ Odysseus mine is on track for first nickel-in-concentrate production at its Odysseus mine, in Western Australia, as shaft hoisting equipment arrived for the project from South Africa. Western Areas on Thursday said that all refurbished headframe and winder equipment... 

Yamana's generative exploration programme yielding results

By: Creamer Media Reporter      3rd December 2020 Despite limited drilling activity owing to Covid-19-related restrictions, Canadian miner Yamana Gold says its generative exploration programme has made significant progress, strengthening the company’s conviction that it will meet its objective of discovering a standalone project with inferred... 

Iron-ore sizzles as Vale's output guidance adds fuel to rally

By: Reuters     3rd December 2020 China's iron-ore benchmark scaled a record high on Thursday after miner Vale SA unveiled output targets that lagged forecasts, adding to concerns about weak seaborne supply. Iron ore on China's Dalian Commodity Exchange ended daytime trade up 1.7% at 937 yuan ($142.86) a tonne, near its peak of... 

Iron-ore sizzles as Vale's output guidance adds fuel to rally

Musselwhite materials handling projects completed

By: Mariaan Webb     3rd December 2020 Gold major Newmont is ramping up the Musselwhite mine, in Ontario, to full operations following the completion of a new conveyor and materials handling system. “Musselwhite is an important part of our North America region, and with the commissioning of these two projects is positioned to... 

Musselwhite materials handling projects completed

Butcherbird expansion on the cards

By: Esmarie Iannucci     3rd December 2020 ASX-listed Element 25 has updated the economics of its Butcherbird manganese project, in Western Australia, highlighting the project’s expansion potential. A May prefeasibility study (PFS) estimated that the project would produce 312 000 t/y of medium-grade ump manganese concentrate, grading... 

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