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Pan African board approves development of 10 MW solar plant at Elikhulu 

By: Martin Creamer     10th July 2020 The board of gold-mining company Pan African has approved the development of a 10 MW solar photovoltaic project at the Elikhulu gold-from-tailings operation in Evander, Mpumalanga, the London-, Johannesburg- and now also New York-listed Pan African stated on Friday. Earlier this month, the... 

Pan African board approves development of 10 MW solar plant at Elikhulu
Photo by Creamer Media's Donna Slater
Gold pour at Elikhulu gold plant.

Pan African reports higher output, lower debt, upped guidance, intensified dividend intent 

By: Martin Creamer     10th July 2020 Despite the challenges presented by the Covid-19 pandemic, Pan African Resources on Friday reported higher gold production, lower debt, good safety, environmental progress, project advances and intensified dividend intent. In an operational update for the year ended June 30, the London-,... 

Pan African reports higher output, lower debt, upped guidance, intensified dividend intent
Hydraulic mining of Pan African's surface tailings.

Infrastructure at core of business’ R3.4-trillion economic recovery proposal 

By: Terence Creamer     10th July 2020 Business for South Africa released an economic recovery strategy paper on July 10 that includes a list of 12 priority initiatives, many infrastructure-related, which the formation argues could bolster gross domestic product by R1-trillion, create up to 1.5-million jobs and increase yearly tax... 

Infrastructure at core of business’ R3.4-trillion economic recovery proposal
B4SA paper says green-economy investments should be accelerated as part of infrastructure-led recovery

Minerals Council welcomes B4SA’s economic recovery strategy 

By: Simone Liedtke     10th July 2020 Minerals Council South Africa has welcomed the accelerated economic recovery strategy published on July 10 by Business for South Africa (B4SA), which is aimed at achieving higher levels of inclusive economic growth to recover from the Covid-19 crisis and the economic crisis that preceded it.... 

ANC suggests pension funds take some Eskom assets 

By: Bloomberg     10th July 2020 The Economic Transformation Committee of South Africa’s ruling African National Congress suggested that pension funds take over some of the assets of the indebted state power company. The proposal to transfer parts of Eskom Holdings SOC Ltd. into non-state hands was made in a discussion document... 

ANC suggests pension funds take some Eskom assets

Johannesburg gold stocks slay records as virus bolsters bullion

By: Bloomberg     10th July 2020 The red-hot rally in gold prices driven by investor concern about the coronavirus pandemic and its impact on the global economy has propelled South African gold stocks to record-slaying highs. A Johannesburg index of producers has surged more than 90% this year, even as the broader South African... 

Zimbabwe gold mines lure offshore investor despite economic ruin

By: Bloomberg     10th July 2020 Zimbabwe’s biggest gold mines are being snapped up by Mauritius-based Sotic International as the price of bullion soars to the highest in more than eight years. Landela Mining Ventures, which is controlled by Sotic, bought two of Zimbabwe’s gold mines this year. The newcomer is targeting six more... 

Copper is surging, but it doesn’t mean economy is booming

By: Bloomberg     10th July 2020 Copper prices are surging, and for once it’s not because the economy is booming. The metal – known colloquially as Dr. Copper because its performance is often used to gauge the health of the overall economy – has surged by a staggering 45% since mid-March. That’s despite the International... 

South Africa urged to recycle more of its copper scrap

By: Donna Slater     10th July 2020 Given limited domestic copper production, South Africa should prioritise the recycling of copper scrap to ensure there remains sufficient stock as the economy changes to be more energy efficient and less reliant on fossil fuels, Copper Development Association Africa (CDAA) executive chairperson... 

Zambia copper production rises to 342 734 t in first five months of 2020 – govt

By: Reuters     10th July 2020 Zambia's copper production increased to 342 734 t in the first five months of this year, from 330 024 t in the same period of 2019, the ministry of mines said on Thursday. Copper production was projected to continue rising in the third and fourth quarters of 2020 in line with rising prices driven... 

Chesser raises cash for Senegal project

By: Esmarie Iannucci     10th July 2020 Gold explorer Chesser Resources will raise A$6-million to fund large-scale drilling at the Diamba Sud gold discovery, in Senegal. The company has received firm commitments from institutional and sophisticated investors for the placement of 75-million shares, at a price of 8c each. 

Thermal scanning system helps speed up Covid-19 screening

By: Schalk Burger     10th July 2020 Pretoria-based technology company Foresight Security has installed a locally developed thermal scanning system at a mine in the Northern Cape to help detect any possible cases of Covid-19. The system is capable of scanning two rows of mineworkers walking at a normal pace without them having to... 

Chinese gold demand to remain strong regardless of pace of economic recovery, says the WGC

By: Marleny Arnoldi     10th July 2020 Gold has received more investment than all other major Chinese asset classes in the first half of this year, says the World Gold Council (WGC). In a WGC blog post, research manager Ray Jia says gold demand in China, particularly investment demand, has benefited from rising concerns about the... 

IEA warns oil demand recovery at risk from virus resurgence

By: Bloomberg     10th July 2020 The International Energy Agency bolstered its outlook for global oil demand, but warned that the recovery could be derailed by the resurgence of coronavirus. A collapse in fuel consumption during the second quarter was slightly less severe than previously estimated, and demand should rebound... 

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... 

Workers at Antofagasta's Zaldivar copper mine in Chile vote to strike

By: Reuters     Updated 21 minutes ago Workers at Antofagasta Minerals's Zaldivar copper mine in Chile have voted in favour of strike action after rejecting a pay offer, the mine's union said on Friday. The union said in a statement that 99% of its members had rejected a collective pay offer and a strike had been set for July 15,... 

Nornickel suffers another fuel leak

By: Mariaan Webb     Updated 25 minutes ago Russian mining group Nornickel has suffered a fuel pipeline leak in the Arctic, a month-and-a-half after the company reported a major spill near the city of Norilsk. Nornickel said on Sunday that about 44.5 t of aviation fuel was spilled during the depressurisation of a pipeline belonging to... 

Nornickel suffers another fuel leak
Nornickel brings equipment to Norilsk to pump out water and fuel mixture to clean up the May 29 fuel spill. The company has reported another fuel spill at the weekend.

Return of foreign mineworkers taking double planned time

By: Martin Creamer     Updated 30 minutes ago The return of the 12 500 foreign mineworkers to South Africa’s mines is taking double the time planned. The initial ten-day plan of Minerals Council South Africa has become a 20-day plan because of the need to overcome bottlenecks. 

Return of foreign mineworkers taking double planned time
Minerals Council South Africa Senior Executive: Environment, Health and Legacies Nikisi Lesufi

Ian McRae, who oversaw Eskom’s ‘electricity for all’ policy, dies 

12th July 2020 The much respected former CEO of Eskom, Ian McRae, died in the early hours of Sunday morning July 12, 2020. He was 90 years old. Born in Germiston on September 24, 1929, Ian Campbell McRae started his career as an apprentice fitter and turner at Eskom. After qualifying he went on to obtain a... 

Eskom CEO Andre de Ryter pays tribute to Dr Ian McRea, who died on July 12.

Indonesia group seeks judicial review over new mining law

By: Reuters     10th July 2020 A group made up of activists and regional officials submitted on Friday a request for a judicial review of Indonesia's mining law at the Constitutional Court, arguing there had been a failure of procedures before the law was approved by parliament in May. The group, which includes the governor... 

Barrick initiates ICSID conciliation proceedings over Porgera

By: Mariaan Webb     10th July 2020 Canadian gold major Barrick has initiated proceedings before the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) over Papua New Guinea’s decision not to extend a special mining lease (SML) for the Porgera joint venture (JV) mine. The company argues that the... 

Barrick initiates ICSID conciliation proceedings over Porgera

Hydrogen targeted in the NT

By: Esmarie Iannucci     10th July 2020 The Northern Australian government on Friday unveiled its first ever Renewable Hydrogen Strategy to exploit the global demand for clean energy. The strategy outlines a five point hydrogen plan under which the industry and government would work together to prepare industry capabilities and... 

Novagold responds to class-action firm, warns investors about JCAP 'scam'

By: Mariaan Webb     10th July 2020 Explorer and developer Novagold, which is suing short-selling firm J Capital Research (JCAP) for defamation, has responded to US law firm Hagens Berman, which is investigating whether the company has misled investors about the viability of its Donlin gold project, in Alaska. Hagens Berman said... 

Novagold responds to class-action firm, warns investors about JCAP 'scam'
The Donlin camp, in Alaska.

Adani Australia chief to step down as coal prices tank

By: Reuters     10th July 2020 Adani Enterprises' Australian CEO, Lucas Dow, will step down, the company said on Friday, as sinking coal prices add to climate change pressure to stretch the development timeline of a coal project in Queensland state. Dow, who joined the company in April 2018, steered the Carmichael mine and... 

Covid mine suspensions hit Endeavour Silver Q2 output

By: Mariaan Webb     10th July 2020 The mandatory suspension of Mexico’s mines in April and May is evident in Endeavour Silver’s second-quarter production results, with the Toronto- and New York-listed miner on Thursday reporting a 42% decrease in silver-equivalent production. The company produced 1.06-million silver-equivalent... 

Covid mine suspensions hit Endeavour Silver Q2 output

Hardrock project achieves 'significant' permitting milestone

By: Mariaan Webb     10th July 2020 The C$1.25-billion Hardrock gold project, which miners Premier and Centera Gold jointly own, has achieved a “significant” permitting milestone, taking the long-life project one step closer to realisation. Toronto-listed Premier announced on Thursday that the joint venture (JV), Greenstone Gold... 

WA flagged as Australia battery destination

By: Esmarie Iannucci     10th July 2020 Western Australia has been tipped as the prime location for a battery cathode active material (CAM) manufacturing destination, according to a new report. The report, commissioned by the Department of Industry, Innovation and Science, pointed out that Australia currently produced nine of the ten... 

WA flagged as Australia battery destination

Great Panther mines return to stable production

By: Creamer Media Reporter      10th July 2020 Gold and silver mining company Great Panther Mining’s mines in Mexico have returned to stable production, following the lifting of government mandated restrictions on mining, and in Brazil, its Tucano mine has “outperformed” despite the challenges of the global health pandemic. The dual-listed... 

Monarch inks MoU with Ontario Northland for Wasamac ore transport

By: Mariaan Webb     10th July 2020 Toronto-listed Monarch Gold is studying the use of freight rail operator Ontario Northland Railway’s infrastructure to move ore from its Wasamac gold project, in Val d’Or, Quebec, to Glencore Canada’s Kidd concentrator, in Timmins, Ontario. The company has entered into a memorandum of... 

Monarch inks MoU with Ontario Northland for Wasamac ore transport

BFS affirms 'compelling' opportunity at Crown Mountain

By: Esmarie Iannucci     10th July 2020 A bankable feasibility study (BFS) into the Crown Mountain coking coal project, in British Columbia, has found that the project could produce an average of 1.7-million tonnes a year of saleable coal and 57.5-million tonnes a year run-of-mine coal over a mine life of 15 years. ASX-listed Jameson... 

BFS affirms 'compelling' opportunity at Crown Mountain
The Crown Mountain project, in the Elk Valley coal field in south eastern British Columbia.

New copper record for Red River

By: Esmarie Iannucci     10th July 2020 Base metals miner Red River Resources has reported record copper production for the three months to June at its Thalanga operation, in Queensland, while zinc and lead production remained consistent with the previous quarter. Copper concentrate production in the fourth quarter reached 2 697 t,... 

Red Metal readies for exploration drive

By: Esmarie Iannucci     10th July 2020 Explorer Red Metal will raise A$3-million through a share placement to fund drilling at its projects across Australia. The company on Friday said it had received firm commitments for the placement of more than 33.33-million shares, at a price of 9c each, from institutional and professional... 

Thiess wins A$2.5bn contract extension

By: Esmarie Iannucci     10th July 2020 ASX-listed project house CIMIC Group has been awarded a five-year contract extension to continue providing mining services at the Lake Vermont coal mine, in Queensland. The contract extension, with Jellinbah Group, is expected to generate revenues of some A$2.5-billion for Thiess, CIMIC said on... 

Minerals Council expresses deep sadness at loss of 28 colleagues to Covid  

By: Martin Creamer     9th July 2020 Minerals Council South Africa health head Dr Thuthula Balfour on Thursday expressed deep sadness at the loss of 28 colleagues to Covid-19 and stated that research was being conducted to understand what makes people particularly vulnerable to the pandemic and what can be done to prevent the... 

Minerals Council South Africa’s Covid-19 update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

IronRidge completes Phase 2 drill programme at Côte d'Ivoire gold target

By: Donna Slater     9th July 2020 Aim-listed minerals exploration company IronRidge Resources reports that the initial second phase of its drilling programme at its Ehuasso gold target in Côte d'Ivoire has returned multiple high-grade and broad low-grade results from 5.9 km worth of aircore (AC) drilling, to date. The Ehuasso... 

Hulamin becomes first aluminium semi-fabricator to achieve emissions milestone

By: Donna Slater     9th July 2020 Aluminium products manufacturer Hulamin reports that it has become the first global aluminium semi-fabricator to have a greenhouse-gas (GHG) emissions target approved by the Science Based Targets initiative (SBTi).   The SBTi mobilises companies to set science-based targets and boost their... 

Returning mineworkers, Covid-19 deaths, hydrogen roadmap make headlines  

9th July 2020 Mining Weekly Editor Martin Creamer unpacks foreign mineworkers returning to South Africa, platinum having the highest number of Covid-19 related deaths and government's hydrogen society roadmap.   

Returning mineworkers, Covid-19 deaths, hydrogen roadmap make headlines

JSE says ETFs a haven for institutional investors

By: Simone Liedtke     9th July 2020 Professional and institutional investors wishing to gain exposure to different sectors, asset classes such as equities, commodities or government bonds are being encouraged by the JSE to use exchange-traded funds (ETFs).    

JSE says ETFs a haven for institutional investors

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