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Fluor repositions South African unit to support energy transition drive

By: Terence Creamer     Updated 3 hours ago Global engineering and construction company Fluor, which has been closely associated with South Africa’s liquid fuels and chemicals industries since the 1960s, has restructured its South African operations to align with the unfolding transitions under way in the energy and mining sectors. Fluor... 

Fluor repositions South African unit to support energy transition drive
Fluor South Africa GM Bill Langenbach

Weekly Coal Index Report

Updated 1 hour 37 minutes ago Prices continue to surge, with Australian coal leading the charge. Physical cargoes are trading at significant premiums to paper levels, as China has sent officials to inspect coal inventories and crack down on illicit hoarding at several ports. 

Weekly Coal Index Report

AfriTin record strong start to 2022 financial year

By: Tasneem Bulbulia     Updated 2 hours 2 minutes ago Aim-listed AfriTin Mining produced 183 t of tin concentrate at its Uis tin mine, in Namibia, in the first quarter of the 2022 financial year – the three-month period from ended May 31. This exceeded the production target of 180 t of tin concentrate. 

Endeavour admitted to LSE

By: Creamer Media Reporter      Updated 1 hour 17 minutes ago West Africa-focused gold miner Endeavour Mining started trading on the LSE main market on Monday and is now the largest pure gold producer on the premium segment of the London market. “Over the past few years, we have built a resilient business, with a high-quality asset base made up of low... 

Aya launches gold feasibility study in Mauritania

By: Creamer Media Reporter      Updated 1 hour 1 minute ago Toronto-listed Aya Gold & Silver has launched a feasibility study to assess the potential for developing the Tijirit gold project, in Mauritania, following the completion of the acquisition of TSX-V-listed Algold Resources. 

Tanzania to add gold to reserves, resume $3bn iron project

By: Bloomberg     Updated 55 minutes ago Tanzania launched a new gold refinery as its central bank plans to start buying the metal to diversify its reserves. The Mwanza Precious Metal Refinery is able to process 480 kg of gold a day and plans to double the capacity in a few months, Tanzanian President Samia Suluhu Hassan said in a... 

Amogy closes funding round for zero-emission mobility

By: Tasneem Bulbulia     Updated 59 minutes ago Ammonia-based emission-free, high energy-density power solutions developer Amogy has announced the close of a major funding round. Led by AP Ventures, a significant investor in breakthrough hydrogen technologies, the round included San Francisco-based funds DCVC and Collaborative Fund, and... 

White House highlights manganese as potential preferred battery element contender

By: Martin Creamer     Updated 10 minutes ago The White House document on revitalising American manufacturing and fostering broad-based economic growth pays particular attention to South Africa as the world’s largest supplier of manganese, and to manganese as a potential preferred battery element contender, Mining Weekly can today report.... 

White House highlights manganese as potential preferred battery element contender
Photo by Creamer Media
The White House on building supply chains.

OreCorp mulls WA demerger

By: Esmarie Iannucci     Updated 1 hour 50 minutes ago ASX-listed OreCorp is considering demerging its Western Australian exploration assets, allowing the company to focus on the development of its Nyanzaga gold project, in Tanzania. The Western Australian assets includes the Hobbes project, in the Easter Goldfields, which is currently held by the... 

Australian coal outperforming competitors - MCA

By: Esmarie Iannucci     Updated 1 hour 52 minutes ago A new report by the Minerals Council of Australia (MCA) has noted that Australia’s thermal coal industry holds a number of key advantages over competition in the international export market, which could assist in securing the resource future in a low-carbon economy. In its report' Australian... 

Vale mulls remote-controlled trains to work around risky dam in Brazil

By: Bloomberg     Updated 2 hours 1 minute ago Iron-ore giant Vale is considering the use of remote-controlled trains near a tailings dam that Brazilian authorities say risks collapsing and getting workers buried. It would take around 60 days for Vale to implement the solution, according to a person familiar with the plan, who asked not to... 

First ore produced from Voisey’s Bay expansion project

By: Creamer Media Reporter      Updated 2 hours 15 minutes ago The Voisey’s Bay mine expansion project, which is transitioning the northern Labrador nickel operation from an openpit to two underground mines, marked a key milestone last week with the production of first ore. “[The] announcement of first ore production heralds another step forward in the... 

New federal policy makes it harder to develop Canada thermal coal projects

By: Mariaan Webb     Updated 2 hours 43 minutes ago The Canadian government on Friday announced its thermal coal mining policy, which will make it harder for new thermal coal mining and expansion projects to be approved. The government considers that any new thermal coal mining projects, or expansions of existing thermal coal mines in Canada, are... 

New federal policy makes it harder to develop Canada thermal coal projects

EPA approves Kwinana fertiliser plant

By: Esmarie Iannucci     Updated 3 hours ago The Western Australian Environmental Protection Authority (EPA) last week approved the development of the CBH Kwinana fertilizer project. The project involves the construction of a dedicated liquid urea ammonia nitrate pipeline on the existing Kwinana Grain Terminal jetty, crossing the shoreline... 

Anglo sinking more into safety following report

By: Esmarie Iannucci     Updated 3 hours ago Diversified major Anglo American has committed a A$5-million underground mining research fund, following the release of the Coal Mining Board of Inquiry’s final report on the safety of the Grosvenor coal mine, in Queensland. Anglo American in April this year re-entered the underground workings... 

Aus and Germany sign hydrogen agreement

By: Esmarie Iannucci     Updated 3 hours ago The Australian government has announced a partnership with Germany that will invest in a series of new initiatives to accelerate the development of a hydrogen industry, creating new economic opportunities and jobs while reducing emissions. The Australia-Germany Hydrogen Accord built on the... 

Deep-South announces results from drilling programme at Haib

By: Tasneem Bulbulia     11th June 2021 TSX-listed Deep-South Resources has recorded the second batch of assay results from its current drilling programme at the Haib copper project in southern Namibia. Significant copper and molybdenum intersections include 0.46% copper-equivalent grade over 156 m, including 24 m at 0.65% copper... 

R3.2bn Arnot coal mine contract awarded to M&R and Amandla JV Boipelo

By: Schalk Burger     11th June 2021 Boipelo Mining Contractors, a joint venture between engineering and construction multinational Murray & Roberts (M&R) and contact mining company AmandlaTM Group, has been awarded a R3.2-billion contract for the provision of underground mining services at the Arnot coal mine, in Mpumalanga.... 

Gold Fields’ South Deep, trade unions ink three-year wage deal

By: Simone Liedtke     11th June 2021 Gold Fields’ South Deep mine and trade unions the National Union of Mineworkers (NUM) and Uasa, have concluded a three-year wage agreement for the period from March 1, 2021, to February 28, 2024. The parties believe the agreement is in the best interest of employees and the mine’s long-term... 

Platinum jewellery sales continue to record strong rebound

By: Simone Liedtke     11th June 2021 Despite ongoing challenges escalated by the Covid-19 pandemic, platinum jewellery retailers and manufacturers report a sustained recovery across three of four key markets in the latest ‘Platinum Jewellery Business Review (PJBR)’ report for the first quarter of this year. The strong momentum is... 

Waterton seeks up to $1bn for Quebec nickel mine

By: Bloomberg     11th June 2021 Waterton Global Resource Management has hired advisers to sell its Dumont nickel project in Quebec, seeking to capitalize on demand for the resource as automakers make plans to build more electric vehicles, according to people familiar with the matter. The project, which is located about 300... 

Ex-AngloGold CEO joins lithium developer’s board

By: Creamer Media Reporter      11th June 2021 Kelvin Dushnisky has been appointed to the board of developer Lithium Americas, which focuses on projects in Argentina and Nevada. Dushnisky was the CEO of gold major AngloGold Ashanti and prior to that, he was at Barrick Gold for 16 years, including serving as president. Lithium Americas also... 

Ex-AngloGold CEO joins lithium developer’s board
Kelvin Dushnisky

Lithium major Albemarle to boost extraction in search for green growth

By: Bloomberg     11th June 2021 The world’s biggest lithium producer is proceeding with a project to extract more of the battery metal from the brine it pumps up from a Chilean salt flat in a sign of its confidence in the country and global demand. Albemarle is introducing a way of extracting more of the lithium that’s... 

Lithium major Albemarle to boost extraction in search for green growth

China's Ganfeng Lithium to sell $630m of shares to fund expansion

By: Reuters     11th June 2021 Ganfeng Lithium, one of the world's top lithium producers, said on Friday it would sell around HK$4.9-billion ($630-million) in new shares to boost capacity and fund potential investments. The Chinese company in March announced an ambitious plan to increase its lithium production capacity... 

Aeris completes A$50m capital raise

By: Esmarie Iannucci     11th June 2021 Copper/gold producer Aeris Resources has completed a A$50.4-million capital raise to accelerate exploration at the Tritton copper project and the Cracow gold mine, in New South Wales and Queensland respectively. Some 287.9-million new shares will now be issued at a price of 17.5c each in an... 

Mandrake raises exploration funding

By: Esmarie Iannucci     11th June 2021 Junior Mandrake Resources will raise A$12-million in a share placement to institutional and sophisticated investors to fund an accelerated exploration drive at its Western Australian assets. The company on Friday reported that it would place 60-million shares, at a price of 20c each under the... 

Samarco offers creditors shares or 85% haircut - sources

By: Reuters     11th June 2021 Samarco Mineracao, a bankrupt joint venture between Brazilian miner Vale and BHP Group, proposed on Thursday a plan to restructure 50-billion reais ($10-billion) in debt with an offer of preferred shares or a cash payout in 2041 equal to 15% of the current value of holdings, sources said.... 

Billions in upstream opportunities left - Woodmac

By: Esmarie Iannucci     11th June 2021 Advisory firm Wood Mackenzie (Woodmac) has estimated that a potential $14-billion of upstream oil and gas assets could potentially be coming into the market, as the merger and acquisition (M&A) market in Asia begins to thaw. Woodmac Asia Pacific vice chairperson Gavin Thompson noted that the... 

Macarthur ponders Pilbara spin-out

By: Esmarie Iannucci     11th June 2021 ASX- and TSX-V listed Macarthur Minerals on Friday announced plans to spin-out Pilbara iron-ore assets into a separately listed vehicle Infinity Mining. Infinity, which was previously a wholly owned subsidiary of Macarthur known as Macarthur Australia, holds the company’s Pilbara... 

Early Tesla investor backs firm that tracks metals supply chain

By: Bloomberg     11th June 2021 An early Tesla investor is backing a startup that helps track battery metals across the supply chain to ensure they hold up to environmental and ethical scrutiny. The Westly Group, which led a funding round with five other venture capital firms, invested $14-million in Circulor, according to a... 

Early Tesla investor backs firm that tracks metals supply chain

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Ganfeng exercises participation right in Sal de la Puna

By: Mariaan Webb     11th June 2021 Chinese group Ganfeng Lithium has exercised its project participation right to acquire a 35% interest in the Sal de la Puna (SDLP) lithium brine project, in Argentina, Arena Minerals reported on Thursday. The TSX-V-listed junior in March announced an agreement to acquire 100% of SDLP, which... 

Exploration geologists, coal reserves, outperforming companies make headlines   

11th June 2021 Mining Weekly Editor Martin Creamer discusses why exploration geologists in Africa need to be allowed to help find new metals and minerals; an opportunity to create new jobs by mining coal reserves in an environmentally correct manner; and mining companies that do their best for the environment... 

Exploration geologists, coal reserves, outperforming companies make headlines

MRC starts graphite production at Norway mine

By: Esmarie Iannucci     11th June 2021 ASX-listed Mineral Commodities (MRC) has started mining operations at the Trælen graphite mine, in Norway, through its 90%-held subsidiary Skaland Graphite. “The commencement of decline mining represents a new chapter in the life of Trælen mining operations, which until now have been following... 

Canadian miner sees higher rough diamond demand across all categories

By: Creamer Media Reporter      11th June 2021 Demand in the rough diamond market is robust, supported by polished diamond price increases and buoyant jewellery retail sales in the US and China, Canadian miner Mountain Province reports. The company, which is a 49% participant with De Beers in the Gahcho Kué mine in Northwest Territories,... 

Canadian miner sees higher rough diamond demand across all categories

Qld govt to expand renewables fund to include hydrogen

By: Esmarie Iannucci     11th June 2021 The Queensland government will expand its A$500-million Queensland Renewable Energy Fund into a A$2-billion Renewable Energy and Hydrogen Jobs Fund as part of its Covid-19 Economic Recovery Plan. The A$2-billion investment will provide cheaper, cleaner energy to power more industries and create... 

Qld govt to expand renewables fund to include hydrogen

Aus, Singapore sign A$30m partnership on hydrogen

By: Esmarie Iannucci     11th June 2021 The Australian government has announced a A$30-million partnership with Singapore to accelerate the deployment of low emissions fuels and technologies, such as clean hydrogen, to reduce emissions in maritime and port operations. Prime Minister Scott Morrison said Australia was driving practical... 

Iron-ore scales over three-week high on China demand, supply risks

By: Reuters     11th June 2021 Iron-ore futures jumped on Friday to their highest in more than three weeks, as a rebound in steel inventory in top producer China suggested that demand for the raw material remained brisk. The most-traded September iron ore on China's Dalian Commodity Exchange rose as much as 4.1% to 1 226 yuan... 

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