R/€ = 19.21 Change: -0.06
R/$ = 16.99 Change: 0.02
Au 1783.59 $/oz Change: 8.29
Pt 821.04 $/oz Change: 5.99

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Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     Updated 2 hours 55 minutes ago Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Minerals Council regrets delay of 2018 Mining Charter review
Photo by Creamer Media
Minerals Council South Africa.

Engineering News & Mining Weekly e-magazine now available

2nd July 2020 For the duration of South Africa’s Covid-19 lockdown period, Creamer Media is providing free digital access to our flagship Engineering News & Mining Weekly news magazine. Click now to read our latest edition. 

Engineering News & Mining Weekly e-magazine now available

Displacement continuing at copper mine where openpit give way is imminent 

By: Martin Creamer     6th July 2020 Vertical and horizontal displacement is continuing at the Nchanga Open Pit Cut 2 in Chingola in Zambia, where geo-technical assessments point to an imminent collapse of a portion of the open pit – but the anticipated slough had not happened by late Sunday when Mining Weekly spoke by phone to... 

Displacement continuing at copper mine where openpit give way is imminent
Photo by Creamer Media
Konkola Copper Mines CEO Chris Sheppard.

DN Invest and MIC conclude R760m empowerment transaction 

By: Natasha Odendaal     Updated 5 hours ago Diversified and niche telecommunications, retail, distribution and technology services company DN Invest (DNI) has concluded an empowerment transaction with broad-based black economic empowerment investment holding company Mineworkers Investment Company (MIC). MIC Investment Holdings acquired... 

Ivanhoe speeds ahead with Kakula underground, plant development

By: Marleny Arnoldi     Updated 2 hours 32 minutes ago TSX-listed Ivanhoe Mines continues to progress ahead of schedule with underground development of the Kakula copper mine, in the Democratic Republic of Congo (DRC). The company, together with its joint venture (JV) partner Zijin Mining Group, has completed more than 17 km of underground... 

IDC agrees to restructure MC Mining loan facility

By: Marleny Arnoldi     Updated 3 hours ago Coal miner MC Mining has concluded a conditional loan restructuring agreement with the Industrial Development Corporation (IDC) of South Africa, which increased the IDC’s project level interest in the Makhado coal project to 6.7%. The company first secured a R240-million loan facility from the... 

Weekly Coal Index Report

Updated 7 hours ago Physical coal markets can’t seem to catch a break. Even as paper prices strengthened slightly across the curve, the discount to physical deepened as lack of buyer activity persisted. The Rand is also stubbornly strengthening as a wave of “risk on” sentiment permeates global markets and the energy... 

Weekly Coal Index Report

Third-quarter ferrochrome benchmark price rolls over at $1.14/lb

By: Martin Creamer     Updated 4 hours ago The European benchmark ferrochrome price for the third quarter of 2020 has been settled at $1.14/lb, a rollover from the second quarter of 2020, JSE-listed Merafe Resources advised shareholders on Monday. This price remains an increase of 12.9% on the first-quarter price of $1.01/lb. 

Third-quarter ferrochrome benchmark price rolls over at $1.14/lb
Photo by Creamer Media
Lion ferrochrome.

Pensana Rare Earths lists on LSE

By: Simone Liedtke     6th July 2020 ASX-listed Pensana Rare Earths started trading on the LSE on July 6. The company has more than 188.2-million ordinary shares in issue and is not raising any funds. Chairperson Paul Atherley says the $16-trillion post-Covid stimulus programmes that have been announced globally are “transforming... 

Pensana Rare Earths lists on LSE

Copper poised to maintain upward price trajectory, says ERG CEO

By: Simone Liedtke     Updated 4 hours ago Diversified miner Eurasian Resources Group (ERG) says the unprecedented levels of stimulus across the world are set to sustain the recovery in copper demand in the longer term, with the supply impact of the Covid-19 pandemic expected to extend beyond this year. Growth drivers include the digital... 

Prospect appoints Renaissance Capital as adviser for proposed sale of Zim mine

By: Donna Slater     Updated 4 hours ago ASX-listed lithium project developer Prospect Resources has appointed independent investment bank Renaissance Capital as its financial and merger and acquisition adviser for the proposed sale of its 87%-owned Arcadia lithium mine, in Zimbabwe, to Uranium One. Prospect and Uranium One in December... 

Osborn completes first equipment installation in CIS region

By: Marleny Arnoldi     Updated 2 hours 38 minutes ago Mining and quarrying equipment specialist Osborn has completed an export order to Kyrgyzstan, which extends its reach into the Commonwealth of Independent States (CIS) region. The equipment supplied by Osborn has been installed at the country’s second-largest gold mine, the Jerooy gold project.  

La Mancha's $100m investment in Endeavour completed

By: Schalk Burger     6th July 2020 TSX-listed gold producer Endeavour has issued 4.51-million shares to La Mancha in exchange for $100-million. The transaction came about as La Mancha chose to exercise its antidilution rights following Endeavour's merger with fellow West Africa-focused miner Semafo. 

Endeavour permitted to mine extended area around Houndé mine

By: Marleny Arnoldi     Updated 3 hours ago TSX-listed Endeavour Mining has been granted a mining permit extension by the Burkina Faso government, covering the full Kari Area at its Houndé gold mine. The Kari area hosts the Kari Gap, Kari South, Kari Pump, Kari Center and Kari West discoveries.  

Power Metal raises £1m to accelerate exploration

By: Schalk Burger     Updated 2 hours 39 minutes ago Aim-listed metals exploration and development company Power Metal Resources has raised £1-million to accelerate exploration across its portfolio of projects and to commercialise select project interests. The funds raised will increase the available working capital (cash and listed financial... 

Altus defines 4.8Mt indicated resource at Mali project

By: Donna Slater     Updated 5 hours ago An independent mineral resource estimate (MRE) of Aim- and TSX-listed mining royalty company Altus Strategies’ Diba gold project, in Mali, has define a mineral resource of 4.8-million tonnes of gold at a grade of 1.39 g/t for 217 000 oz in the indicated category. The company's 100%-owned 81 km2... 

Cora records notable results in Mali, Senegal

By: Tasneem Bulbulia     Updated 2 hours 54 minutes ago West Africa-focused Cora Gold has recorded notable results from ongoing exploration programmes from its regional portfolio of permits in west Mali and Senegal. Results from exploration programmes continue to enhance the permits’ prospectivity and identify new drill targets, the company says. 

Oriole Resources commences drilling at Faré target

By: Donna Slater     29th June 2020 Aim-listed West Africa-focused exploration company Oriole Resources has started a 10 000 m air-core (AC) drilling campaign at the Faré target within the north of its Senala project, in Senegal. The project, which is operated under a joint venture (JV) with partner Iamgold Corporation, presents... 

Caldas announces Marmato expansion PFS

By: Simone Liedtke     Updated 2 hours 21 minutes ago Canadian junior minor Caldas Gold has completed an updated mineral resource estimate for its Marmato project and also announced the preliminary results of a prefeasibility study (PFS) for the project, in Colombia. The PFS affirms the economic viability of the underground expansion of the Marmato... 

Group Eleven intersects its ‘best-ever mineralisation’

By: Donna Slater     Updated 2 hours 23 minutes ago Vancouver-headquartered zinc explorer Group Eleven’s share price surged nearly 40% on Monday, as the company announced its best-ever mineralisation at the PG West project in Ireland. The company intersected 10.3 m of 14.6% zinc, 5% lead (19.6% combined) and 43 g/t silver during its drilling... 

Hochschild halts operations in Peru after virus outbreak

By: Simone Liedtke     Updated 2 hours 36 minutes ago A number of workers at silver and gold mining company Hochschild Mining’s Inmaculada operation, in southern Peru, have tested positive for Covid-19, despite preventative measures being in place, including a comprehensive testing programme and quarantine for all employees. The UK-based company has... 

Covid-19 stops Caucharí-Olaroz construction

By: Creamer Media Reporter      Updated 2 hours 39 minutes ago Construction of the Caucharí-Olaroz lithium project, in Jujuy, Argentina, has been halted, after two workers tested positive for Covid-19. Both workers were asymptomatic and in good health, dual-listed Lithium Americas said on Monday. Construction activities had been temporarily suspended while... 

55 North to sell Edleston project to European Cobalt

By: Donna Slater     Updated 3 hours ago Gold explorer and developer 55 North Mining has entered into a definitive agreement with gold junior European Cobalt, which will acquire the rights, title and interest in the Edleston gold project, south of the Timmins gold camp, in Ontario. The definitive agreement is subject to shareholder... 

Stornoway’s Godin becomes Pretivm COO

By: Donna Slater     Updated 3 hours ago TSX-listed  intermediate gold producer Pretium Resources (Pretivm) reports that Patrick Godin has been appointed VP and COO, effective August 1, succeeding operations VP David Prins. Godin was until last month president, CEO and director of Stornoway Diamond Corporation. 

Air Products and thyssenkrupp sign green hydrogen agreement

By: Schalk Burger     Updated 3 hours ago NYSE-listed industrial gases multinational Air Products and industrial technology multinational thyssenkrupp on July 5 announced that they had signed an exclusive strategic cooperation agreement to develop world-scale electrolysis plants to generate green hydrogen. The two companies will... 

Fortuna suspends Caylloma operations for two weeks

By: Simone Liedtke     Updated 3 hours ago NYSE- and TSX-listed Fortuna Silver Mines has voluntarily suspended operations for two weeks at its Caylloma mine, in Peru, following the sudden death of a 34-year old contractor employee on July 5. The cause of death has not yet been determined, but the individual had completed a health check,... 

Fortuna suspends Caylloma operations for two weeks

Australia's Prospect Resources picks adviser for sale of Zimbabwe lithium mine

By: Reuters     Updated 5 hours ago Australian-listed Prospect Resources said on Monday it had picked Renaissance Securities Capital as its exclusive financial advisor for the possible sale of shares in Zimbabwe's Arcadia Lithium mine to Russian energy firm Uranium One. Uranium One, a unit of Russia's state-owned nuclear energy... 

Indonesia says trade, investment deal with Australia takes effect

By: Reuters     6th July 2020 An Indonesia-Australia deal that eliminates most trade tariffs between the two nations and aims to open up investment, took effect on Sunday, Indonesia's Trade Ministry said. The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), signed last year and ratified by the... 

Commercial production declared at Century zinc mine

By: Esmarie Iannucci     6th July 2020 Zinc miner New Century Resources has declared commercial production at its Century zinc mine, in Queensland. “Despite the Covid-19 pandemic, operations at Century continue to ramp up and have again delivered record production in the June quarter. Century has now achieved seven consecutive... 

WA amends mining regulations to ease Covid constraints

By: Esmarie Iannucci     6th July 2020 The Western Australian state government has amended the state’s mining regulations to assist tenement holders to apply for expenditure exemption amid the Covid-19 pandemic. Under the revised regulations, tenement holders could now apply for expenditure exemptions if they are able to demonstrate... 

Nevada Copper appoints new CFO

By: Creamer Media Reporter      6th July 2020 Toronto-listed Nevada Copper, which owns the Pumpkin Hollow mine in Nevada, US, has appointed André van Niekerk as CFO. Van Niekerk is succeed Braam Jonker on July 13. Announcing the appointment on Monday, the company said Van Niekerk had extensive capital market experience and was responsible... 

Mitsui Mining resumes operation of Peru's zinc mines

By: Reuters     6th July 2020 Japan's Mitsui Mining and Smelting said on Monday its two zinc mines in Peru resumed operations on July 2 after a closure of more than three months to limit the spread of the novel coronavirus. The company's Huanzala and Palka mines had been suspended since March 16 after the local government... 

Lundin Gold provides 2020 outlook for Ecuador mine

By: Mariaan Webb     6th July 2020 TSX-listed Lundin Gold has issued a 2020 production guidance for its Fruta del Norte mine, in Ecuador, after confirming on Sunday that operations have resume. The mine is forecast to produce between 200 000 oz and 220 000 oz during the year, of which 150 000 oz to 170 000 oz will be produced in... 

Small tailings dam collapses in Ecuador, communities denounce pollution

By: Reuters     6th July 2020 A small tailings dam associated with a mine run by Ecuadorean firm Austro Gold has collapsed, Ecuador's government said on Friday, sending mining waste into a nearby river. A retaining wall collapsed at the Armijos tailings station, located in the Camilo Ponce Enriquez area in southern Ecuador,... 

More than 80 at Trevali mine positive for Covid

By: Mariaan Webb     6th July 2020 TSX-listed Trevali Mining now has more than 80 confirmed cases of Covid-19 at its Santander operation, which is nearly 30% of the total workforce of the mine in Peru. The company suspended operations at Santander in late June, after 19 workers tested positive for the virus during routine... 

More than 80 at Trevali mine positive for Covid
The Santander mine, in Peru.

Vale CFO says dividend payments may resume depending on coronavirus pandemic

By: Reuters     6th July 2020 Brazilian miner Vale is ready to resume dividend payments to investors and is just waiting for more certainty around the coronavirus pandemic before approving the move, CFO Luciano Siani told investors on Friday. Vale has suspended dividend payments since the Brumadinho, Minas Gerais, dam burst,... 

Codelco to suspend El Teniente copper mine expansion, cites pandemic

By: Reuters     6th July 2020 Chile's State-run Codelco said on Saturday it would temporarily halt construction on a new level at its flagship El Teniente mine, a move it said was necessary to combat the fast-spreading coronavirus pandemic. World top copper producer Codelco said in a statement the measure would bring the... 

Codelco to suspend El Teniente copper mine expansion, cites pandemic

Auteco shakes tin for Canadian gold

By: Esmarie Iannucci     6th July 2020 Junior minerals explorer Auteco Minerals is hoping to raise A$30.4-million through a fully underwritten share placement. The ASX-listed company on Monday announced that it would issue 225-million new shares, representing some 16.8% of the company’s existing issued capital, at a price of 13.5c... 

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