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IDC’s Kalagadi Manganese business rescue application opposed

By: Martin Creamer     Updated 1 hour 38 minutes ago An application of the State-owned Industrial Development Corporation (IDC) to have mining company Kalagadi Manganese placed under business rescue is being opposed in the High Court Gauteng Local Division, Johannesburg. As a R3-billion creditor and 20% shareholder of the black women-led private... 

IDC’s Kalagadi Manganese business rescue application opposed
Photo by Creamer Media
Kalagadi Manganese mine in Kalahari Basin, Northern Cape.

South Africa’s potential to export green hydrogen boosted

By: Martin Creamer     Updated 3 hours ago South Africa, which has been examining its competitiveness as a potential supplier of green hydrogen to Japan, is also being courted by Europe as a potential supplier in a world that is taking steps to decarbonise, Mining Weekly can report. Clean hydrogen is enjoying unprecedented political and... 

South Africa’s potential to export green hydrogen boosted
Japan, Europe, California creating demand for production of green hydrogen in South Africa.

Prieska economics improve with BFS

By: Esmarie Iannucci     Updated 3 hours ago An updated bankable feasibility study (BFS) into the Prieska copper/zinc project, in South Africa has increased the capital requirements for the project by some A$21-million while extending the mine life and increasing the expected free cash flows. ASX-listed Orion Minerals on Tuesday told... 

Prieska economics improve with BFS
Orion Minerals CEO Errol Smart

Engineering News & Mining Weekly e-magazine now available

21st May 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

Australia's Downer EDI secures $295.7m Eliwana mine contract from Fortescue

By: Esmarie Iannucci     Updated 21 minutes ago Australia's Downer EDI has secured a A$450-million ($295.70-million) contract from Fortescue Metals Group for early mining and maintenance services at Eliwana iron ore mine in the Pilbara region of Western Australia, the engineering contractor said on Tuesday. Fortescue, the world's No. 4 iron... 

Neometals adds to Gillett estimates

By: Esmarie Iannucci     Updated 27 minutes ago Junior Neometals has reported a 30% increase in the mineral resource at the Gillett deposit, at its Mt Edwards nickel project, in Western Australia. The Gillett deposit is now estimated to host some 1.3-million tonnes, at 1.7% nickel for 22 500 t of contained nickel. 

Piedmont's North Carolina plans unveiled

By: Esmarie Iannucci     Updated 28 minutes ago Studies by ASX-listed Piedmont Lithium has delivered a viable alternative source for lithium hydroxide based out of the US. Piedmont on Tuesday revealed that a prefeasibility study (PFS) into a proposed lithium hydroxide chemicals plant in Kings Mountain, in North Carolina, had proven the... 

Kenmare pays Mozambique nearly $8m in royalties, taxes

By: Marleny Arnoldi     Updated 53 minutes ago London-listed Kenmare Resources has paid the Mozambican government $7.9-million for 2019. This includes $5.6-million in royalties and $2.3-million in taxes.  

Senex adjusts production, sets more gas for domestic market

By: Esmarie Iannucci     Updated 55 minutes ago ASX-listed Senex Energy on Tuesday said that it has reached an agreement with Gladstone Liquefied Natural Gas (GLNG) to re-direct around 1 PJ of natural gas from the Roma North project to the domestic market. Senex told shareholders that the company would market the natural gas, along with... 

Titan launches Core Gold review, flags asset sale

By: Esmarie Iannucci     Updated 1 hour 5 minutes ago ASX-listed Titan Minerals has launched a strategic review into the assets of newly acquired Core Gold, flagging the potential divestment of its Peruvian and non-core gold assets. Core Gold has been delisted from the TSX:V exchange since Titan’s acquisition of the Canadian company, with Titan now... 

New Century takes aim at Vale Goro nickel/cobalt mine

By: Esmarie Iannucci     Updated 1 hour 6 minutes ago Base metals miner New Century Resources has struck an exclusivity agreement with major Vale to negotiate the purchase of a 95% interest in the issued shares of Vale Nouvelle-Caledonie (VNC), which owns the Goro nickel and cobalt mine, in New Caledonia. Vale said on Tuesday that the negotiations... 

New Century takes aim at Vale Goro nickel/cobalt mine

ELB shareholders vote in favour of Australian business disposal

By: Marleny Arnoldi     Updated 1 hour 15 minutes ago JSE-listed capital equipment and solutions provider ELB Group will proceed with selling its Australian business, after a majority of shareholders voting in favour of the disposal. The company hosted a general meeting on May 25 for shareholders to vote on the proposed disposal of ELB Australia.  

ELB shareholders vote in favour of Australian business disposal

Sierra Metals seeks consent to reopen Peru mine

By: Mariaan Webb     Updated 1 hour 20 minutes ago TSX-listed Sierra Metals is seeking consent to reopen its Yauricocha mine, given its remote location and implementation of strict health protocols. Peru has extended its state of emergency and a nationwide lockdown to fight the Covid-19 pandemic until June 30, but President Martin Vizcarra has... 

Sierra Metals seeks consent to reopen Peru mine
Luis Marchese will become CEO of Sierra Metals on June 1.

Focus sells half of its Kwyjibo REE project to Quebec

By: Creamer Media Reporter      Updated 1 hour 34 minutes ago Exploration company Focus Graphite has completed a definitive asset purchase agreement for the sale of the company’s 50% interest in the Kwyjibo rare-earth elements project to Investissement Québec for C$7.24-million. The Kwyjibo property consists of 116 map-designated claims covering an area of... 

Spearmint’s new project borders ‘world-class’ PGM deposit

By: Creamer Media Reporter      Updated 1 hour 59 minutes ago Vancouver-headquartered Spearmint Resources has acquired a new project prospective for platinum group metals (PGMs) just north of Thunder Bay, Ontario. The 2 500 acre Escape Lake North project directly borders Clean Air Metals’ Thunder Bay North PGM deposit, which hosts 9.8-million tonnes of 2.3... 

OreCorp completes share placement

By: Esmarie Iannucci     Updated 3 hours ago Gold and base metals developer OreCorp has completed the placement of 45-million fully paid ordinary shares, raising A$13.5-million. The company in May announced the capital raise, priced at 30c a share, to fund continued work at its Nyanzaga gold project, in Tanzania. 

BHP pledges A$3.3m to Aboriginal health services

By: Esmarie Iannucci     Updated 3 hours ago Diversified miner BHP will invest more than A$3.3-million in funding through its Vital Resources Fund to Aboriginal and Torres Strait Islander controlled community health services across Australia, as part of new partnerships established to support communities through the Covid-19 pandemic.... 

CRU warns most commodities have further to fall

By: Mariaan Webb     25th May 2020 As the economic fallout of governments’ responses to the Covid-19 pandemic is starting to be counted, commodity market analyst CRU has warned that the repercussions will be significant and that most commodities prices have not yet reached the bottom. The coronavirus crisis has affected all... 

CRU warns most commodities have further to fall
The steelmaking value chain continues to favour iron-ore miners as prices remain elevated.

Richards Bay titanium dioxide plant construction awaits Level 1 to restart

By: Marleny Arnoldi     25th May 2020 KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Nomusa Dube-Ncube has confirmed that the Richards Bay Industrial Development Zone will forge ahead with construction of a titanium dioxide plant as soon as the lockdown reached Level 1. Dube-Ncube says that the directors... 

Renewables associations call for green hydrogen focus in upcoming EU plans

By: Marleny Arnoldi     25th May 2020 Ten solar and wind associations, along with industry leaders, have launched a joint initiative − Choose Renewable Hydrogen − and are calling for the European Commission to prioritise renewable green hydrogen in its upcoming recovery and strategy decisions. The initiative aims to highlight the... 

Northern Dynasty welcomes road transport plan for Pebble

By: Mariaan Webb     25th May 2020 The US Army Corp of Engineers (USACE) has confirmed that an all land-based transport plan to connect the proposed Pebble mine, in Alaska’s Bristol Bay, to a port site is the preferred development scenario for the project. The USACE selected the land-based transport plan as the “least... 

Northern Dynasty welcomes road transport plan for Pebble
The Pebble deposit, in Alaska.

M&R says order book remains healthy, despite delayed projects

By: Marleny Arnoldi     25th May 2020 JSE-listed engineering and construction group Murray & Roberts (M&R) says few of its projects have continued with little or no disruption as a result of Covid-19-related suspensions and restrictions. As a result, the company is reasonably certain that its earnings per share (EPS) for the... 

Barrick settles North Mara land claims disputes through Tanzanian government partnership

By: Donna Slater     25th May 2020 Gold miner Barrick Gold Corporation reports that it has settled the majority of historical land disputes associated with its Tanzania-based North Mara operation, in addition to paying the first tranche of the $300-million settlement it agreed with the Tanzanian government to resolve the disputes... 

Nordic investors turn up heat on coal in climate campaign

By: Reuters     25th May 2020 Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow. Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), last week excluded... 

China steel body, producers call for domestic iron-ore output boost

By: Reuters     25th May 2020 China's steel association and major steelmakers have called for an increase in domestic iron ore production as well as greater investment in exploration overseas to ensure supplies. He Wenbo, chairman of the China Iron & Steel Industry Association (CISA), recommended at the Chinese People's... 

Gran Colombia walks away from Guyana Goldfields, terminates Gold X deal

By: Mariaan Webb     25th May 2020 Canadian miners Gran Colombia and Gold X Mining’s plans for a new Latin American gold champion fell through on Monday, as Gran Colombia announced that it had walked away from the acquisition of Guyana Goldfields. Guyana Goldfields has rejected Gran Colombia’s acquisition proposal and instead... 

Gran Colombia walks away from Guyana Goldfields, terminates Gold X deal
Guyana Goldfields' Aurora mill.

Workers at China Moly's Congo mine end one-day strike over Covid-19

By: Reuters     25th May 2020 Workers at China Molybdenum's Tenke Fungurume Mining (TFM) mine in Democratic Republic of Congo ended a one-day strike on Sunday after agreeing a compromise with management over compensation for working in isolation for two months due to COVID-19. The Chinese mining firm placed the TFM copper and... 

Select Committee says DMRE is improving its service delivery

By: Marleny Arnoldi     25th May 2020 The Select Committee on Land Reform, Environment, Mineral Resources and Energy has welcomed the plan to implement the proposed nuclear new build programme at a scale and pace that the country can afford to ensure the security of energy supply. The Department of Mineral Resources and Energy... 

Barrick's Tanzania gold concentrate containers cleared for export

By: Reuters     25th May 2020 Barrick's Tanzania subsidiary Twiga Minerals has resumed exports of gold concentrate after receiving clearance for its first shipments since the lifting of a government ban imposed during a tax dispute with the mining company. The dispute originally involved Acacia Mining, which was taken over... 

Barrick's Tanzania gold concentrate containers cleared for export

AMCU calls for testing of all employees at affiliated workplaces 

By: Donna Slater     25th May 2020 The Association of Mineworkers and Construction Union (AMCU) has again called on employers to test all employees for Covid-19 as the pandemic continues to spread across South Africa. AMCU notes that while it has consistently called for the testing of all workers, the official stance of... 

Kairos finds drill funding

By: Esmarie Iannucci     25th May 2020 Junior explorer Kairos Minerals will raise A$4.2-million to fund drilling and exploration programmes at its Pilbara gold project, in Western Australia. The company on Monday said that it had received firm commitments to raise an initial A$2.5-million through a share placement priced at 1.1c a... 

Warrego raises A$15m

By: Esmarie Iannucci     25th May 2020 ASX-listed Warrego Energy will raise A$15-million through a two tranche share placement to institutional and sophisticated investors to fund drilling at its West Erregulla assets, in Western Australia. The first tranche will consist of 94.9-million shares will be issued under the company’s... 

Kalium Lakes raises cash to fund Beyondie overrun

By: Esmarie Iannucci     25th May 2020 Potash developer Kalium Lakes has raised A$48.8-million through the completion of a share placement and the institutional component of its entitlement offer, to fund the cost-overrun in the construction of its Beyondie sulphate of potash (SOP) project, in Western Australia. The company last... 

Santos and Denison start gas exploration in Qld

By: Esmarie Iannucci     25th May 2020 Oil and gas major Santos and junior Denison Gas will start exploring for new gas resources in Queensland. Mines Minister Dr Anthony Lynham said Santos would seek new gas between Chinchilla and Roma and Denison Gas would start exploring for gas near Emerald.  

Resource exports remain strong - ABS

By: Esmarie Iannucci     25th May 2020 New data by the Australian Bureau of Statistics (ABS) has shown that while the value of exports and imports of goods both decreased in April, demand for resource commodities remained strong. The preliminary international trade figures show that exports fell A$4-billion or 12% from the record... 

Weekly Coal Index Report

25th May 2020 Coal prices enjoyed a moderately volatile yet upbeat week, at least for API#4, although the RB1 discount widened a little. Rand strength also means that domestic prices are lower. The wider energy complex stabilised with oil prices moving higher, although natgas is still suffering from oversupply. 

Weekly Coal Index Report

Covid-19 workplace protocols must become ‘second nature’ for any further lockdown easing 

By: Terence Creamer     25th May 2020 Organised business has called for domestic firms to take steps to ensure that their workplaces are Covid-19-ready in light of President Cyril Ramaphosa’s May 24 announcement that the country would transition from lockdown Level 4 to Level 3 from June 1, a move that will result in many more South... 

Covid-19 workplace protocols must become ‘second nature’ for any further lockdown easing
Photo by Creamer Media's Donna Slater
Busa president Sipho Pityana

Dominion Diamond reaches agreement to sell substantially all its assets

By: Creamer Media Reporter      25th May 2020 Struggling miner Dominion Diamond Mines, which filed for insolvency protection last month, has reached an agreement to sell substantially all its assets in a transaction that will allow mining operations at Ekati to resume and avoid bankruptcy. The company signed a memorandum of understanding... 

Dominion Diamond reaches agreement to sell substantially all its assets
The Ekati mine, in Northwest Territories.

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