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Platinum group metals playing role in Switzerland’s green hydrogen roll-out  

By: Martin Creamer     19th January 2021 Platinum group metals (PGMs), which South Africa hosts in greater abundance than any other country on earth, are playing important catalytic roles in Switzerland’s green hydrogen and green truck rollout, which is now under way. Mining Weekly can today report that proton exchange membrane (PEM)... 

Hyundai Hydrogen Mobility CEO Mark Freymueller is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Raising distributed-generation licensing threshold to 50 MW would unlock at least 5 000 MW in five years, survey shows

By: Terence Creamer     Updated 2 hours 53 minutes ago Lifting the licensing threshold for distributed-generation projects to 50 MW or higher could unlock an estimated 5 000 MW of additional capacity in five years and go a long way to rapidly easing South Africa’s debilitating power supply constraints. This is the conclusion of a Meridian Economics... 

Raising distributed-generation licensing threshold to 50 MW would unlock at least 5 000 MW in five years, survey shows

BHP sets iron-ore records

By: Esmarie Iannucci     Updated 5 hours ago Diversified major BHP has reported record production from its Western Australian iron-ore operations, along with record average concentrator throughput at its Escondida copper joint venture, in Chile, during the half year ended December. “BHP delivered strong safety and operational performance... 

BHP sets iron-ore records
BHP CEO MIKE HENRY

Tirupati appoints adviser to support research centre development

By: Donna Slater     Updated 1 hour 46 minutes ago Graphite producer and graphene developer Tirupati Graphite has appointed Dr Matthieu Gresil as adviser and consultant to the company for market research and development of graphene products, as well as to support the development of its Tirupati Graphene and Mintech Research Centre (TGMRC), in... 

Elandsfontein water use licence hearing postponed again

By: Donna Slater     Updated 2 hours ago The hearing into Aim-listed phosphate explorer and developer Kropz’s Elandsfontein project’s integrated water-use licence (WUL) has been rescheduled for February 1. Kropz notes that the Water Tribunal will be resumed in February following a number of postponements since March 2020 owing to... 

Project launched to define role of finance in South Africa and India’s ‘just transitions’ 

By: Terence Creamer     19th January 2021 A new multi-partner initiative has been launched with the aim of defining the role that finance can and should play in supporting both South Africa and India’s aspirations to implement “just transitions” to more climate-resilient economies. The ‘Just Transition Finance Roadmaps in South Africa... 

 Project launched to define role of finance in South Africa and India’s ‘just transitions’

Capital appoints Giles Everist CFO

By: Simone Liedtke     Updated 47 minutes ago LSE-listed Capital has appointed Giles Everist CFO. He will take up the position from March 1. Everist will succeed Andre Koekemoer, who has resigned to return to South Africa for personal reasons. 

Platinum group metals take another step closer to use in battery electric vehicles 

By: Donna Slater     19th January 2021 TSX- and NYSE-listed Platinum Group Metals (PTM) and its subsidiary Lion Battery Technologies reports that the US Patent and Trademark Office has issued a second patent to Florida International University (FIU) related to the use of platinum group metals (PGMs) in lithium batteries. Lion is a... 

Platinum group metals take another step closer to use in battery electric vehicles

Sibanye, Minerals Council mourn death of Shadwick Bessit

By: Donna Slater     19th January 2021 Precious metals miner Sibanye-Stillwater CEO Neal Froneman says it is with deep sadness that the company announces the “tragic passing” of its South African gold operations executive VP Shadwick Bessit, who succumbed to Covid-19-related complications on January 16. “The board and management have... 

Sibanye, Minerals Council mourn death of Shadwick Bessit
Photo by Creamer Media's Donna Slater
Shadwick Bessit

Baker McKenzie, Implats recognise hydrogen's potential

By: Marleny Arnoldi     19th January 2021 Law firm Baker McKenzie has advised JSE-listed Impala Platinum Holdings (Implats) on its investment into the AP Ventures Fund II, which focuses on companies developing sustainable hydrogen energy technologies. Implats had taken a significant “Limited Partner” stake and advisory board seat in... 

After baptism of fire, empowered valves manufacturer on road to recovery 

By: Terence Creamer     19th January 2021 After fulfilling, in November 2019, all the conditions precedent to finally consummate the R165-million acquisition of valve manufacturer Dynamic Fluid Control (DFC) from Aveng the new black owners faced a true baptism of fire. CEO and co-shareholder Tumi Tsehlo, who previously headed the South... 

After baptism of fire, empowered valves manufacturer on road to recovery
Tumi Tsehlo

ZCCM to buy Glencore’s stake in Mopani

By: Marleny Arnoldi     19th January 2021 Diversified miner Glencore’s subsidiary Carlisa Investments Corporation has signed an agreement with ZCCM Investments Holding to transfer its 90% interest in Mopani Copper Mines to ZCCM for $1 and the transaction debt of $1.5-billion. Zambian State-owned mining investment company ZCCM already... 

ZCCM to buy Glencore’s stake in Mopani
Photo by Bloomberg
A Mopani Copper Mines operation in Zambia

Vedanta agrees to settlement with Zambian villagers over pollution claims

By: Marleny Arnoldi     19th January 2021 UK-based law firm Leigh Day has confirmed in a statement that global diversified miner Vedanta Resources has agreed to pay a settlement for all claims brought against it by Zambian claimants related to alleged pollution around the Konkola Copper Mines (KCM) operations. Without admission of... 

Petra's 2021 guidance remains suspended, but diamond prices recovering

By: Donna Slater     19th January 2021 Ahead of the release of diamond miner Petra Diamonds’ interim results, the miner has reported a 16% year-on-year decrease in overall production to 1.74-million carats for the first half of its 2021 financial year, mainly as a result of the Williamson mine in Tanzania remaining on care and... 

Petra's 2021 guidance remains suspended, but diamond prices recovering
Petra's Cullinan mine produced this 299 ct Type IIa white gem-quality diamond in January

Centamin reports decrease in Q4 gold output

By: Natasha Odendaal     19th January 2021 Gold miner Centamin delivered 67 996 oz of gold from its Sukari gold mine during the fourth quarter to December 31. While this was a 54% decrease compared with the corresponding fourth quarter in 2019, owing to mining lower grade material, the output was in line with the company’s quarterly... 

South African mining dealmaker plots M&A push before retirement

By: Bloomberg     19th January 2021 South African mining dealmaker Neal Froneman is considering retiring in two to three years time, but would first like to double the size of Sibanye-Stillwater. Froneman built Johannesburg-based Sibanye into a company with a market value of more than R182-billion ($11.9-billion) by buying gold,... 

South African mining dealmaker plots M&A push before retirement
Photo by Donna Slater
Neal Froneman

De Beers raises diamond prices most in years

By: Bloomberg     19th January 2021 De Beers implemented its biggest price increase for diamonds in years as the industry starts bouncing back from the pandemic-induced shutdown. The world’s biggest diamond producer raised prices by about 5% at its first sale of the year, according to people familiar with the situation who asked... 

November mining production down 11.6% y/y

By: Donna Slater     19th January 2021 Statistics South Africa (Stats SA) reports that South Africa’s mining production decreased by 11.6% year-on-year in November, largely owing to iron-ore output having decreased by 35.3%, contributing 3.9 percentage points. Platinum group metals (PGMs) also dragged the industry’s performance down,... 

Ewoyaa scoping study sets out low capital cost

By: Donna Slater     19th January 2021 Aim-listed explorer IronRidge Resources has completed a scoping study on the Ewoyaa lithium project in Ghana, which supports a business case for a two-million-tonne-a-year operation with an eight-year life-of-mine (LoM), LoM revenues exceeding $1.55-billion and significant potential to extend the... 

Tanzania and Kabanga Nickel strike deal to develop nickel project

By: Reuters     19th January 2021 Tanzania and UK-based mining firm Kabanga Nickel Limited signed a framework agreement on Tuesday to jointly develop the Kabanga nickel project formerly owned by Barrick Gold and Glencore. Foreign minister Palamagamba Kabudi said during a signing ceremony in Bukoba that the government would own a... 

FAR advances Woodside transaction

By: Esmarie Iannucci     Updated 3 hours ago ASX-listed FAR has inked a sale and purchase agreement with energy major Woodside over its rights over the Rufisque offshore, Sangomar offshore and Sangomar deep offshore (RSSD) contract area, offshore Senegal. Woodside last year exercised its pre-emptive right to FAR’s interest in the RSSD... 

Rio reports a solid year, new CEO says working on restoring trust

By: Esmarie Iannucci     19th January 2021 Diversified major Rio Tinto has reported a strong operational performance during the 2020 financial year, despite impacts from the Covid-19 pandemic. “We have delivered a strong safety and operational performance in the face of the significant global challenges of Covid-19. Our 2020 performance... 

Rio reports a solid year, new CEO says working on restoring trust

China bought most iron ore from Australia, Brazil in 2020, but imports from India up nearly 90%

By: Reuters     Updated 56 minutes ago Australia and Brazil, the world's two largest iron-ore producers, remained China's top suppliers in 2020, but imports from India soared 88% as Chinese mills diversified sources amid sky-high raw materials prices. Australian shipments rose 7% to 713-million tonnes, while Brazilian supplies were... 

China's imports of Australian copper ore crash to zero in December

By: Reuters     Updated 58 minutes ago China's imports of copper concentrate from Australia dried up completely in December, customs data showed on Wednesday, as smelters shunned Australian supply amid tense bilateral ties. Imports of copper ores and concentrates from Australia were zero tonnes last month, according to General... 

Forrest's Wyloo seals third Canadian deal

By: Mariaan Webb     Updated 58 minutes ago Australian mining billionaire Andrew Forrest’s Wyloo Metals has sealed a new Canada nickel deal, focusing on the drill-ready West Ragland nickel project in Nunavik, Quebec. Wyloo has signed a C$25-million option and joint venture agreement with TSX-V-listed Orford Mining to acquire up to 80% of... 

Talga increases SPP kitty

By: Esmarie Iannucci     Updated 1 hour 1 minute ago ASX-listed Talga has taken the decision to increase the size of its recently completed share purchase plan (SPP) from the A$10-million targeted in December, to some A$30-million, after the placement was heavily oversubscribed. The company on Wednesday revealed that it had received applications... 

Iamgold targets 1Moz in 2 to 3 years – Stothart

By: Mariaan Webb     Updated 2 hours 2 minutes ago Canadian gold miner Iamgold will join the one-million-ounce-a-year producer club in the next two to three years, CEO Gordon Stothart said on Tuesday, announcing that the company has achieved its 2020 production target with output of 653 000 oz. Iamgold is currently building the $1.3-billion Côté... 

Iamgold targets 1Moz in 2 to 3 years – Stothart

Relief Canyon to reach full production by May 2021

By: Simone Liedtke     Updated 2 hours 17 minutes ago TSX-listed Americas Gold and Silver Corporation’s Relief Canyon mine, in the US, will ramp up to full production in the second quarter of this year, after having achieved commercial production earlier this month. Based on a July 2018 feasibility study, the company anticipates production of about... 

Relief Canyon to reach full production by May 2021
A photo of the stacker at Relief Canyon.

New Century's rehab costs decline

By: Esmarie Iannucci     Updated 2 hours 43 minutes ago The Queensland Department of Environment and Science has agreed to a A$14.1-million reduction of the estimated rehabilitation cost (ERC) for the New Century zinc mine. ASX-listed New Century Resources on Wednesday told shareholders that the ERC has now been reduced to A$183.9-million, following... 

Miners welcome skills tweak

By: Esmarie Iannucci     Updated 2 hours 44 minutes ago The resources sector has welcomed the mining skills qualification reform trial project announced by the Australian government on Wednesday, saying it would help more workers get faster access to qualifications for employment in the minerals industry. A qualification design trial is now underway... 

Centerra wraps up $210m Greenstone sale

By: Mariaan Webb     Updated 2 hours 44 minutes ago Canadian gold miner Centerra Gold has completed the sale of its 50% interest in the Greenstone Mines Partnership (GGM) to an affiliate of the Orion Mine Finance Group. Centerra received an upfront cash payment of $210-million for its stake in GGM, which owns the Hardrock project in Ontario. 

Centerra wraps up $210m Greenstone sale

Govt invests in CopperString decision

By: Esmarie Iannucci     Updated 3 hours ago The federal government on Wednesday announced support of up to A$11-million to help progress the CopperString 2.0 project towards a final investment decision in 2021. The CopperString 2.0 development is a high voltage transmission line that will connect Mount Isa and the North West Minerals... 

New timeframe considered for New Elk

By: Esmarie Iannucci     Updated 3 hours ago Coal developer Allegiance Coal has raised a further A$2-million through the issue of convertible notes under a A$8-million convertible note arrangement with Mercer Street Global Opportunity fund, to bring forward production at its New Elk mine, Colorado. The total value of funds raised under... 

Pure Hydrogen hubs planned across Australia

By: Esmarie Iannucci     Updated 3 hours ago The hydrogen division of ASX-listed Real Energy Corporation, Pure Hydrogen Corporation, has signed a binding term sheet with privately held hydrogen project development company Liberty Hydrogen to establish a joint venture (JV) in the US. The JV, known as Pure Hydrogen International, would... 

Big River reviewing Borborema work

By: Esmarie Iannucci     Updated 3 hours ago ASX-listed Big River Gold is accelerating key civil works at its Borborema gold project, in Brazil, and is investigating plant design options to better facilitate future expansions, while also allowing for the restart of exploration. A 2020 definitive feasibility study (DFS) estimated that the... 

Mather steps down as SolGold CEO

By: Mariaan Webb     19th January 2021 Gold and copper miner SolGold on Tuesday announced that Nick Mather would step down as CEO, after 13 years at the helm of the Ecuador-focused company. His resignation comes a month after Mather was handed a strong rebuke at the company’s annual meeting, when nearly half (44.7%) of shareholders... 

Mather steps down as SolGold CEO
SolGold's Nick Mather will retire as CEO

Turquoise Hill takes issue with Rio Tinto’s undercut criteria

By: Mariaan Webb     19th January 2021 Canada-listed project developer Turquoise Hill said on Monday that it was engaging with major shareholder Rio Tinto over its criteria for caving operations at the Oyu Tolgoi underground project, in Mongolia, stating that it did not believe the nontechnical specifications were necessary. “The... 

Turquoise Hill takes issue with Rio Tinto’s undercut criteria

Castillo ponders Broken Hill spin-out

By: Esmarie Iannucci     19th January 2021 ASX-listed Castillo Copper is considering divestment strategies for its Broken Hill asset, including a possible spin-off and potential London or Australian listing. “The resurgence of interest in the Broken Hill region is timely, as it provides an excellent opportunity for Castillo Copper to... 

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