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African green hydrogen can provide important economic impetus – BMBF 

By: Martin Creamer     Updated 7 hours ago The establishment of an African hydrogen economy based on renewable energy can provide important impetus in the Southern African region and offer new perspectives, especially to young people. That is the view of German Federal Ministry of Education and Research (BMBF) Energy and Green Hydrogen... 

African green hydrogen can provide important economic impetus – BMBF
Federal Research Minister Anja Karliczek and Innovation Commissioner ‘Green Hydrogen‘ Dr Stefan Kaufmann: Small bottle, huge effect. Sufficient energy to supply a refrigerator for a day – 48 litres of hydrogen are bound in this 80 ml liquid, referred to as liquid organic hydrogen carrier or LOHC. Dr Kaufmann was in South Africa earlier this month. © BMBF/Hans-Joachim Rickel

De Ruyter calls for upscaling of power procurement plans as he questions whether coal IPP will proceed 

By: Terence Creamer     24th November 2020 Eskom CEO Andre de Ruyter has again called on government to open the way for the procurement of more new electricity capacity in addition to the 11 800 MW outlined in a recently gazetted Ministerial determination, cautioning that the 1 500 MW of new coal included in the determination is unlikely... 

De Ruyter calls for upscaling of power procurement plans as he questions whether coal IPP will proceed
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Bushveld records solid third-quarter performance  

By: Tasneem Bulbulia     24th November 2020 Aim-listed Bushveld Minerals achieved a solid set of numbers from its two production assets for the third quarter ended September 30, CEO Fortune Mojapelo said in a statement on November 24. He said stability around the pandemic and operations allowed the company to proceed with its growth plans,... 

Bushveld records solid third-quarter performance
Photo by Creamer Media
Fortune Mojapelo

Gold mining emissions draw scrutiny after price surge

By: Reuters     24th November 2020 Investors are putting pressure on gold miners, whose high greenhouse gas emissions have been less scrutinized, to report transparently and take concrete steps to curb them after a rally in prices this year drew closer attention to the sector's footprint. Gold miners are among the biggest... 

Gold mining emissions draw scrutiny after price surge

Reforms, development in Zimbabwean gold sector ‘crucial’

By: Simone Liedtke     24th November 2020 The instability in Zimbabwe, caused by a spike in violence in the country’s gold mining sector over the last year, has eroded the export revenue that President Emmerson Mnangagwa’s government “urgently needs to keep the country’s struggling economy afloat,” independent non-governmental... 

South32 sells gold royalties

By: Esmarie Iannucci     24th November 2020 Diversified miner South32 has struck an agreement with TSX-V listed royalty company Elemental Royalties to divest of a package of mineral royalties. Under the terms of the agreement, Elemental will make a $40-million cash payment and would issue $15-million of its own shares to South32 for the... 

Omnia firmly in ‘fix and renew’ phase following September interim period

By: Simone Liedtke     24th November 2020 JSE-listed diversified chemicals group Omnia Holdings is now firmly in the "fix and renew" phase of its turnaround strategy, where implementation of the new operating model during the six months, ended September 30, was “substantially completed” and has already resulted in improved production... 

Omnia firmly in ‘fix and renew’ phase following September interim period
CEO Seelan Gobalsamy

Tharisa anticipating significant increase in earnings

By: Simone Liedtke     24th November 2020 JSE-listed integrated resources group Tharisa expects its headline earnings a share for the 12 months to September 30, to be between $0.16 and $0.17. Basic earnings a share will likely be in the same range. 

Cardinal gets a new bid

By: Esmarie Iannucci     24th November 2020 A third bidder has emerged for ASX-listed Cardinal Resources, offering A$1.05 a share in an unsolicited and off-market takeover offer. Ghanian firm Engineers & Planners Company has formally launched an all cash offer for Cardinal Resources in order to obtain the company’s mining interest in... 

Firefinch satellites get estimate

By: Esmarie Iannucci     24th November 2020 ASX-listed Firefinch has announced an initial mineral resource estimate of 113 000 oz of gold at its satellite deposits N’Tiola, Viper and Domba, within its Morila gold project, in Mali. With the initial resource estimate of 2.5-million tonnes, grading 1.38 g/t gold estimated for the three... 

Keras reports positive discussions with Togo government

By: Tasneem Bulbulia     24th November 2020 Aim-listed Keras Resources says constructive meetings have been held with officials from the Togo government regarding permitting of the Nayéga manganese mine.   The mine is wholly owned by the company’s 85%-owned subsidiary, Société Générale de Mines (SGM). 

Nouveau Monde puts out call to bidders for electric fleet

By: Mariaan Webb     24th November 2020 Set to become an all-electric openpit mine, TSX-V-listed Nouveau Monde Graphite is advancing its procurement process for its fleet and charging infrastructure through an international call for prequalification. Through the call for prequalification, original-equipment manufacturers (OEMs) and... 

Nouveau Monde puts out call to bidders for electric fleet

Gold drops to four-month low on vaccine news, Biden transition

By: Bloomberg     24th November 2020 Gold dropped to the lowest level in four months amid optimism over Covid-19 vaccine developments and the triggering of a formal transition process to President-elect Joe Biden. The General Services Administration acknowledged Biden as the apparent winner of the presidential election on Monday,... 

Gold drops to four-month low on vaccine news, Biden transition

Anglo Asian says conscripted engineers to return to work in early 2021

By: Mariaan Webb     24th November 2020 Aim-listed gold, copper and silver producer Anglo Asian has lowered its production guidance for the year, as the conscription of several engineering staff and slowed tunnelling progress owing to rock faulting have impacted on production. The company expects to produce between 68 000 and 72 000... 

Anglo Asian says conscripted engineers to return to work in early 2021
Gedabek, in Azerbaijan

Kirkland Lake to earn into Wallbridge’s Detour East

By: Mariaan Webb     24th November 2020 Gold miner Kirkland Lake has entered an option to earn a 75% interest in exploration and development firm Wallbridge Mining’s Detour East project, located about 11 km east of the Detour Lake gold mine. To earn a 75% interest, Kirkland Lake will have to spend a total of $35-million and it will... 

Kerr closes finance to restart Copperstone

By: Mariaan Webb     24th November 2020 Toronto-listed Kerr Mines has secured in $18-million in project financing to restart the past-producing Copperstone mine, in Arizona. Kerr and Star Royalties on Monday closed the first instalment of a gold purchase and sale agreement, which would be used to finance the restart of underground... 

NRW makes A$100m play for Primero

By: Esmarie Iannucci     24th November 2020 Mining contractor NRW has launched a takeover offer for vertically integrated engineering design, construction and operational services provider Primero Group. NRW was offering Primero shareholders 27.5c in cash and 0.106 NRW shares for each Primero share held, implying a value of 55c each for... 

Caldas changes to Aris Gold with Telfer as chair, Woodyer as CEO

By: Mariaan Webb     24th November 2020 Colombia-focused precious metals company Caldas Gold has started a C$85-million private placement financing with a group of investors that will result in a new management and board member line-up and the company changing its name to Aris Gold. Aris Gold will be led by a board of industry... 

Caldas changes to Aris Gold with Telfer as chair, Woodyer as CEO
Aris Gold chairperson Ian Telfer

Narrabri gets environmental approval

By: Esmarie Iannucci     24th November 2020 Federal Environment Minister Sussan Ley has given environmental approval for oil and gas major Santos’ Narrabri gas project, in the Gunnedah basin, subject to a number of conditions. The approval conditions include an early warning system that would include ongoing bore monitoring and modeling... 

Equinox studies Castle Mountain expansion

By: Mariaan Webb     24th November 2020 Canadian mining company Equinox Gold is considering a Phase 2 expansion at the Castle Mountain mine, lifting the US mine’s output to an average of 200 000 oz/y. A feasibility study for the expansion is targeted for completion in the first quarter of 2021, the TSX- and NYSE American-listed miner... 

Equinox studies Castle Mountain expansion

Rio commits more funding to Chinese research

By: Esmarie Iannucci     24th November 2020 Mining major Rio Tinto has committed a further A$4.5-million in funding over the next five years to support its partnership with China’s Tsinghua University to support research projects of at the Tsinghua-Rio Tinto joint research centre for resources, energy and sustainable development. The... 

US rare earths miner MP profit surges in first results post listing

By: Reuters     24th November 2020 MP Materials Corp said on Monday its third-quarter profit jumped more than fivefold, days after the US rare earths miner went public on the New York Stock Exchange through a deal with Fortress Value Acquisition Corp. The Pentagon awarded $9.6-million to MP Materials last week, to help boost... 

Australia committed to critical mineral development

By: Esmarie Iannucci     24th November 2020 Federal Resources Minister Keith Pitt has reiterated Australia’s aspirations to become a world leader in the exploration, extraction, production and processing of critical minerals. Speaking at the International Mining and Resources Conference, Pitt noted that the Critical Minerals Facilitation... 

Australia committed to critical mineral development
Australian Federal Resources Minister Keith Pitt

Evolution targets Cowal underground for 2022

By: Esmarie Iannucci     24th November 2020 Gold miner Evolution Mining is hoping that the New South Wales government would fast-track its development application for the Cowal underground mine, granting approval in the first half of next year. Speaking at the International Mining and Resources Conference, Evolution’s GM for... 

Misima PFS proves up

By: Esmarie Iannucci     24th November 2020 A prefeasibility study (PFS) into the Misima gold project, in Papua New Guinea, has confirmed the potential of a long-life, low cost gold mine. ASX-listed Kingston Mining on Tuesday revealed that the project would produce some 130 000 oz/y over a mine life of 17 years, based on a mining rate... 

Nickel Mines in A$490m Indonesia deal

By: Esmarie Iannucci     24th November 2020 ASX-listed Nickel Mines has signed a binding definitive agreement with partner Shanghai Decent Investment to acquire a 70% interest in the Angel Nickel project, in Indonesia, for $490-million. Nickel Mines in October inked a memorandum of understanding to build, own and operate four next... 

Australian midtier miners outperforming market - PwC

By: Esmarie Iannucci     24th November 2020 Australia’s midtier miners have outperformed the market during the Covid-19 pandemic, maintaining consistent revenues and profits, advisory firm PwC has found. In its 'Aussie Mine 2020' report, PwC notes that Australia’s 50 ASX-listed midtier mining companies, with market values of less than... 

Australian midtier miners outperforming market - PwC

Codelco seeks 'friendly talks' with Ecuador on Llurimagua copper project

By: Reuters     24th November 2020 Chile's Codelco, the world's top copper miner, said on Monday it was seeking talks with its counterpart in Ecuador after it failed to deliver on a bargain struck in 2019 to jointly develop the Llurimagua project in the tropical South American nation. Llurimagua is in the advanced exploration... 

Cochilco sees 2020 copper production and price rising

By: Reuters     23rd November 2020 Chile's copper production will likely rise by 0.6% to 5.82-million tonnes in 2020, State copper commission Cochilco said on Monday, and to 5.99-million tonnes in 2021. Cochilco estimated that the copper price will average $2.75/lb in 2020, before rising to $2.90/lb in 2021. In August,... 

Minerals Council bemoans downgrades, asks for urgency in action 

By: Marleny Arnoldi     23rd November 2020 The Minerals Council South Africa has expressed its concern about the sovereign ratings downgrades by agencies Moody’s and Fitch on November 20, which pushed South Africa deeper into “junk territory”. While not unexpected, the ratings downgrades reinforce the fact that South Africa faces a deep... 

Minerals Council bemoans downgrades, asks for urgency in action
Minerals Council South Africa CEO Roger Baxter

Kodal starts gold exploration drilling in Côte d'Ivoire

By: Marleny Arnoldi     23rd November 2020 Having entered into two financing agreement with Riverfort Global Opportunities and a hedge fund operated by Yorkville Advisors Global, Aim-listed Kodal Minerals says it is well-funded to start gold exploration this month in Côte d'Ivoire. The company will explore for gold mineralisation at the... 

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Giyani appoints president, COO

By: Tasneem Bulbulia     23rd November 2020 Canada-based Giyani Metals, which is developing a manganese project in Botswana, has appointed Derk Hartman as president and COO with effect from March 1, 2021. The company also announced on Monday that Wajd Boubou had resigned as president to pursue other business opportunities. 

Iamgold lays off 437 workers at Quebec mine

By: Simone Liedtke     23rd November 2020 Midtier miner Iamgold has temporarily reduced the underground workforce at its Westwood mine, in Quebec, following the seismic event reported earlier this month. The temporary reduction affects about 437 workers (about 70%) from the underground workforce, the Toronto-listed company said on Monday. 

Iamgold lays off 437 workers at Quebec mine

Billionaire miner Forrest aims to be a global clean energy giant

By: Bloomberg     23rd November 2020 Billionaire Andrew Forrest broke into the ranks of the world’s top iron-ore exporters, now he’s targeting an entry into renewables in as soon as two years under an ambitious plan to produce more energy than giants like Chevron. Forrest’s Fortescue Metals Group will begin green fuel production in... 

Billionaire miner Forrest aims to be a global clean energy giant
Andrew Forrest

Swedish miner LKAB eyes huge investment in CO2-free production

By: Reuters     23rd November 2020 State-owned mining company LKAB said on Monday it wanted to invest 400-billion crowns ($46.5-billion) over 20 years to shift to carbon-free production of iron-ore, in what could be one of Sweden's biggest ever industrial investment programmes. LKAB said the plan would require an expansion of... 

Swedish miner LKAB eyes huge investment in CO2-free production

Trafigura inks DRC cobalt offtake deal that benefits artisanal miners 

By: Simone Liedtke     23rd November 2020 Commodities trading group Trafigura has signed an offtake deal to buy cobalt from Entreprise Générale du Cobalt (EGC) – the Democratic Republic of Congo’s (DRC’s) State-owned buyer that markets cobalt from artisanal miners. Under the agreement, Trafigura will provide funding for the creation of... 

Trafigura inks DRC cobalt offtake deal that benefits artisanal miners

Bluejay joins alliance for sustainable critical metals

By: Marleny Arnoldi     23rd November 2020 Aim-listed Bluejay Mining has joined the European Raw Materials Alliance (Erma). Erma was launched in September by the European Commission, as part of its action plan on critical raw materials.  

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