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Coal cliff talk taking back seat as fossil fuel demand outlook ebbs  

By: Martin Creamer     5th June 2020 A few years back South Africa was said to be heading towards a coal cliff but that projection is now being questioned. In the early and mid 2000, the findings of the South African Coal Roadmap were that Eskom’s contracted coal supply would plummet and its uncontracted portion balloon. 

Minerals Council South Africa talks coal and renewables to Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer

Engineering News & Mining Weekly e-magazine now available

4th June 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

Guinea approves SMB-Winning deal for Simandou iron mine project 

By: Reuters     5th June 2020 Guinea's government approved on Thursday a basic agreement for the development of its giant Simandou iron ore project by a consortium representing Chinese, French and Singaporean interests, the mines minister told Reuters. The consortium - which includes Société Minière de Boké (SMB) and... 

Zambia Chamber of Mines says govt tensions with power firm CEC bad for investment 

By: Reuters     Updated 7 hours ago Zambia's attempt to force Copperbelt Energy Corp (CEC) to open up its infrastructure to other power producers has dented the country's image as an investment destination, the Chamber of Mines said on Friday. Energy Minister Matthew Nkhuwa issued a decree last Friday compelling CEC to allow others... 

Hard-hit diamond jewellery sector mulls postpandemic recovery strategies

By: Mamaili Mamaila     5th June 2020 The unforeseen global health crisis triggered by the Covid-19 pandemic has had dire economic repercussions, to which South Africa is not immune. 

Hard-hit diamond jewellery sector mulls postpandemic recovery strategies

DMRE welcomes new female energy sector business leaders

By: Donna Slater     5th June 2020 Mineral Resources and Energy Minister Gwede Mantashe has welcomed the recent appointments of a number of women to senior executive positions in the energy sector. According to the Department of Mineral Resources and Energy (DMRE), the appointment of women to leadership roles, specifically in the... 

Caledonia to delist from the TSX

By: Tasneem Bulbulia     5th June 2020 Aim-listed Caledonia Mining has applied for a voluntary delisting from the TSX, effective June 19. Its shares will continue to trade on the NYSE American and the Aim. 

DFS update for Mahenge affirms project's potential

By: Tasneem Bulbulia     Updated 7 hours ago Aim-listed Armadale Capital’s updated definitive feasibility study (DFS) for its Mahenge Liandu graphite project, in south-east Tanzania, completed by graphite specialists BatteryLimits, has affirmed it as a long-life low-cost graphite project. The update, which is based upon a revised mine... 

Lithium producers must wait as pandemic slows electric vehicle revolution

By: Reuters     26th May 2020 The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets. Lithium industry shares have dropped sharply since January as the economic downturn from the pandemic... 

Nickel market to evolve as EVs, role-players and projects change

By: Donna Slater     5th June 2020 The international refined nickel production and trade market will evolve in the coming decade as China's large nickel deficit, driven by the electric vehicle (EV) success story, and Russia's slowly falling nickel surplus, driven by a thin project pipeline, opens opportunities for other producers,... 

Glencore offers assistance to #Khomani San Community

By: Tasneem Bulbulia     Updated 7 hours ago As part of global diversified natural resource company Glencore’s commitment to progressing together with its host communities, Glencore Ferroalloys has partnered with social purpose enterprise Re-Action to offer support in the roll-out of relief efforts to members of the #Khomani San community... 

First Quantum Minerals tops Zambian taxpayer list

By: Donna Slater     5th June 2020 Copper, gold and zinc miner First Quantum Minerals (FQM) paid over K7-billion in taxes and royalties to the Zambian government in 2018, representing almost 40% of total payments made by the mining industry, making it the nation’s largest taxpayer. 
The 2018 Zambia Extractive Industry Transparency... 

Papua New Guinea accuses Barrick of plan to illegally export gold

By: Reuters     Updated 7 hours ago Papua New Guinea's mining regulator said on Friday it is planning to bring criminal proceedings against a Barrick Gold joint venture over what it says was an attempt to illegally export $13-million in silver and gold to Australia. PNG's Mineral Resources Authority (MRA) said it had received... 

Papua New Guinea accuses Barrick of plan to illegally export gold

Boliden resumes 90% production at fire-hit Kevitsa

By: Creamer Media Reporter      5th June 2020 Swedish metals company Boliden has put up mobile crushing plants at the fire-hit concentrating plant at Kevitsa, in Finland, allowing production to resume at almost 90% of normal capacity. The company said post fire inspections were still ongoing and that the cause of the fire was yet to be... 

Leading Edge applies for Norra Karr licence extension

By: Creamer Media Reporter      5th June 2020 The Mining Inspectorate of Sweden (Bergsstaten) has extended the Norra Karr nr 1 exploration licence for another five years, to August 31, 2024, TSX-V-listed Leading Edge Materials announced on Friday. Under the Swedish Minerals Act an exploration licence is not required to be extended since it... 

Alrosa sees coronavirus impact lingering after Q1 profit slide

By: Reuters     5th June 2020 Russian diamond producer Alrosa reported an 87% slide in first-quarter net profit on Friday and said its future results were likely to suffer from the impact of the coronavirus outbreak on sales. Net profit fell to 3.1-billion roubles in the first three months of the year, it said, hurt by the... 

Traditional owners say Rio Tinto knew importance of caves razed for mine

By: Reuters     5th June 2020 Rio Tinto knew the cultural and historical significance of two caves in Western Australia years before it blew them up last month as part of an iron ore mine expansion, traditional owners said on Friday. However, Rio, which won state government approval to destroy the caves in 2013, has said it... 

Kaz Minerals maintains 2020 capex guidance

By: Simone Liedtke     5th June 2020 Copper-focused Kaz Minerals says its $150-million capital expenditure (capex) guidance for 2020 remains in place, as previously curtailed activity will resume in due course. Prior to the Covid-19 disruption, equipment and materials were delivered to the site for the pioneer works scheduled to... 

Kaz Minerals maintains 2020 capex guidance

Impact restarts mining at Zacualpan

By: Marleny Arnoldi     5th June 2020 TSX-V-listed Impact Silver has restarted production at its Royal Mines of Zacualpan silver district, in Mexico, following lifting of Covid-19-related restrictions by government. The operation involves three underground mines and one openpit mine feeding ore to the Guadalupe production centre.  

Ecuador-focused copper developer SolGold raises £27m

By: Simone Liedtke     5th June 2020 London- and Toronto-listed SolGold has announced it is raising another £16-million, or $20-million. The fundraising, at a price of 21.5p a share, comprises a placing of more than 74.4-million new ordinary shares, which is fully underwritten to new and existing institutional investors, as well as... 

PureGold launches 30 000 m drilling programme

By: Simone Liedtke     5th June 2020 TSX-V- and Aim-listed Pure Gold Mining has launched its 2020/21 exploration and resource growth programme at its wholly owned Red Lake mine, in Canada. Over 30 000 m of diamond drilling, including both underground and surface drilling, is planned to optimise the near-term mine plan, expedite the... 

Red Lake to spin out subsidiary while it pursues new gold prospect

By: Marleny Arnoldi     5th June 2020 Canada-listed Red Lake Gold subsidiary Alma Gold has executed an option agreement to acquire a 100% interest in the Chambers Settlement gold project, in New Brunswick, from Avalon Gold Resources. Alma intents to do follow-up exploration work on top of recent work executed by Avalon.  

Austral Gold reaches pay hike agreement to end strike at flagship mines in Chile

By: Reuters     5th June 2020 Austral Gold said on Friday a near one-month long strike by two unions ended at its flagship Guanaco and Amancaya mines in Chile after reaching an agreement to increase pay and benefits by 15% along with a one-time bonus. The Australia-listed miner that is focused on Argentina and Chile said its... 

Allegiance amends New Elk agreement

By: Esmarie Iannucci     5th June 2020 ASX-listed Allegiance Coal has struck an agreement with Cline Mining Corporation to accelerate the completion of the New Elk hard coking coal project acquisition, amending the terms of the original understanding. Allegiance on Friday said that the up-front cash payment required has now been... 

Trump plan could make air pollution curbs tougher to justify

By: Bloomberg     5th June 2020 The Trump administration is seeking to overhaul the way it calculates the costs and benefits of environmental regulation, a move that could make it harder to justify air pollution curbs. The Environmental Protection Agency is set to formalise the new approach, said two people familiar with the... 

Accelerated work starts at Beyondie

By: Esmarie Iannucci     5th June 2020 Work at the Beyondie sulphate of potash (SOP) project, in Western Australia, has been accelerated after ASX-listed Kalium Lakes completed a A$48.8-million capital raise. The company on Friday said that various contractors would be mobilised in the coming weeks to undertake a number of work... 

Ora Banda increases underground resource

By: Esmarie Iannucci     5th June 2020 ASX-listed Ora Banda Mining has reported a 46% increase in the underground resource of its Ravina project, which makes up a key part of its Davyhurst gold project, in Western Australia. The underground resource is now estimated at 728 000 t, grading 5.9 g/t for 139 000 oz of contained gold,... 

Tick Hill economical - Carnaby

By: Esmarie Iannucci     5th June 2020 A preliminary feasibility study (PFS) into the Tick Hill gold project, in Queensland, has estimated that the project could produce some 27 330 oz of gold over its 13-month mine life. ASX-listed Carnaby Resources on Friday said that the PFS estimated that the project would generate pre-tax cash... 

Adani awards A$350m Carmichael contract

By: Esmarie Iannucci     5th June 2020 Indian major Adani has awarded a civil construction works contract worth more than A$350-million for the Carmichael rail network, in Queensland. Adani Mining CEO Lucas Dow said the construction contract would see Queensland-based BMD deliver civil works for construction of the rail network. 

Queensland's New Acland coal mine faces new appeal

By: Esmarie Iannucci     5th June 2020 Coal miner New Hope Group is seeking a meeting with the Queensland government over the next few days to discuss the future of its Stage 3 expansion at the New Acland mine, after the High Court of Australia granted community group Oakey Coal Action Alliance (OCAA) special leave to appeal an... 

Queensland's New Acland coal mine faces new appeal

South Africa's mining industry records 527 positive Covid-19 cases, 72 recoveries

By: Donna Slater     4th June 2020 The Minerals Council South Africa, in its third weekly Covid-19 update briefing on June 4, reported that, to date, the domestic mining industry has 527 positive cases of Covid-19, with 7 461 miners having been tested and 226 796 having been screened. The mining industry has also reported 72... 

Aton partially relinquishes another quarter of Abu Marawat land area

By: Creamer Media Reporter      4th June 2020 TSX-V-listed Aton Resources has partially relinquished a further 25% of the land area of the Abu Marawat concession, in Egypt, but says it is a good thing as the relinquishment is in exchange for an extension of a further three years on the exploration licence. The western Hamama block remains... 

Gold Fields reports fatality at South Deep

By: Marleny Arnoldi     4th June 2020 JSE- and NYSE-listed Gold Fields has reported the death of an employee at its South Deep mine, in Gauteng, following a mining accident on June 3. Abel Magajane, a shaft timberman, succumbed from injuries sustained after falling down a reef ore-pass.  

Covid, diesel, substitution nudging platinum into sweeter spot 

By: Martin Creamer     4th June 2020 Depressed platinum is being nudged into a sweeter spot by a combination of the Covid-19 pandemic, new focus on diesel vehicles, trickling substitution of platinum for palladium and worsening supply constraints, Mining Weekly can report. Covid-19 funding demands are delaying the planned rollout of... 

Columbus Gold changes its name, advances acquisition plans

By: Creamer Media Reporter      4th June 2020 TSX-listed Columbus Gold, which is changing its name to Orea Mining, has identified select targets for acquisition and is in negotiations about acquiring an additional project in South America. The company currently owns projects in French Guiana and says its priority for 2020 remains to add an... 

Year-to-date gold ETF inflows outpace records for any calendar year

By: Marleny Arnoldi     4th June 2020 Gold-backed exchange traded funds (ETFs) added 154 t to global holdings, amounting to net inflows of $8.5-billion across all regions in May. This continued growth streak has boosted global holdings to a new all-time high of 3 510 t, reports the World Gold Council (WGC).  

Year-to-date gold ETF inflows outpace records for any calendar year

Swedish clean energy tech ready for full scale commercial launch in South Africa

By: Tasneem Bulbulia     4th June 2020 A year ago, the first PWR BLOK from the Swedish clean technology company Swedish Stirling was commissioned at ferrochrome producer Afarak's Mogale site, in South Africa. The company is now ready to launch on a larger commercial scale in the country. 

Well positioned to weather storm – Standard Bank

By: Martin Creamer     4th June 2020 The Standard Bank is well positioned to weather the Covid-19 storm and remains determined to emerge from this crisis as a stronger Africa-focused financial services group, Standard Bank Group FD Dr Arno Daehnke said on Thursday. The capital and liquidity levels of Africa’s biggest lender by... 

Well positioned to weather storm – Standard Bank
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