https://www.miningweekly.com
R/€ = 19.16 Change: -0.05
R/$ = 17.47 Change: -0.06
Au 1706.31 $/oz Change: -23.39
Pt 831.43 $/oz Change: -6.27
 
Close

Email me free daily news

Email address

Environmental, social, governance integral to Prieska copper-zinc project

By: Martin Creamer     Updated 2 hours 22 minutes ago The Prieska copper-zinc mine being developed so spectacularly by Orion Minerals in the Northern Cape has environmental, social and governance (ESG) principles integrally built into it, Mining Weekly can today report. The updated bankable feasibility study just released not only reduces the... 

Environmental, social, governance integral to Prieska copper-zinc project
General layout of the Prieska project

IDC’s Kalagadi Manganese business rescue application opposed 

By: Martin Creamer     26th May 2020 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.

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

South Africa’s potential to export green hydrogen boosted  

By: Martin Creamer     26th May 2020 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.

Zimbabwe gold miners to keep more export earnings in dollars

By: Reuters     Updated 1 hour 17 minutes ago Zimbabwe will increase the proportion of dollars gold miners can keep from their sales, the central bank's bullion-buying arm said on Wednesday, yielding to pressure from producers who were pushing to retain more. Gold is Zimbabwe's single largest foreign currency earner, and Fidelity Printers... 

DMRE to fast-track mining rights, capital projects to help save jobs 

By: Marleny Arnoldi     26th May 2020 To help create jobs in what will remain a challenging macroeconomic environment for the foreseeable future, the Department of Mineral Resources and Energy (DMRE) says it will fast-track its capital expenditure (capex) projects planned for the next five years. If an allocated R25-billion can be... 

Transnet reports recovery in some units, but still expects big Covid-19 revenue hit 

By: Terence Creamer     26th May 2020 State-owned freight logistics group Transnet reports that there has been a recovery in some of its operations since the easing of lockdown restrictions and is increasing tending towards an “optimistic” recovery scenario for many of its units – a scenario that assumes a ramp-up to full operations... 

Transnet reports recovery in some units, but still expects big Covid-19 revenue hit

Second stage of Kefi’s drilling programme in Saudi Arabia completed

By: Simone Liedtke     Updated 1 hour 9 minutes ago Gold and Minerals (G&M), Kefi Minerals’ 34%-owned joint venture company, has now completed Stage 2 of the Hawiah diamond drilling programme, in Saudi Arabia, thereby increasing the number of completed drill holes to 69 since October 2019, when the first drill hole was completed. Copper, zinc,... 

Bid documents for 2 000-MW emergency power being finalised after Nersa concurrence ‘milestone’ 

By: Terence Creamer     26th May 2020 The Department of Mineral Resources and Energy (DMRE) confirmed on Tuesday that the National Energy Regulator of South Africa (Nersa) had concurred with a Ministerial determination submitted to the regulator in February for the procurement of 2 000 MW of emergency electricity from independent... 

Bid documents for 2 000-MW emergency power being finalised after Nersa concurrence ‘milestone’
IPP Office working on scheme to procure 128 MW of additional energy from existing wind and solar farms

Mining production to fall 8% to 10% this year, says Minerals Council

By: Reuters     26th May 2020 South Africa's mining production is likely to fall between 8% and 10% this year due to the Covid-19 pandemic, the CEO of industry body the Minerals Council said on Tuesday during a virtual panel discussion. Mines across South Africa, the world's biggest producer of platinum and chrome and a... 

Prieska economics improve with BFS

By: Esmarie Iannucci     26th May 2020 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

NUM calls for closures of mines with a high number of Covid-19 cases

By: Simone Liedtke     26th May 2020 The National Union of Mineworkers (NUM) has expressed concern about the number of Covid-19 cases reported at South African mines and has called on the Department of Mineral Resources and Energy (DMRE) to stop mining operations until all safety measures have been adhered to. Following the outbreak... 

ELB shareholders vote in favour of Australian business disposal

By: Marleny Arnoldi     26th May 2020 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

Gemfields accepted as corporate member of voluntary human rights initiative

By: Tasneem Bulbulia     26th May 2020 London-headquartered Gemfields, which owns the Kagem emerald mine, in Zambia, and the Montepuez ruby mine, in Mozambique, has become the first gemstone company in the world to be recognised as a corporate member by the Voluntary Principles on Security and Human Rights (VPSHR). The principles are... 

Kenmare pays Mozambique nearly $8m in royalties, taxes

By: Marleny Arnoldi     26th May 2020 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.  

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... 

Shanta announces updated reserve estimate for Singida

By: Tasneem Bulbulia     26th May 2020 Aim-listed Shanta Gold has announced a Joint Ore Reserves Committee- (Jorc-) compliant reserve and an updated and independently verified Jorc-compliant mineral resource estimate (MRE) for its Singida gold project in central Tanzania. The project has a gold reserve of 243 000 oz at 3 g/t. 

Drilling under way at Altus' Mali project

By: Tasneem Bulbulia     26th May 2020 Dual-listed Altus Strategies has started a 1 600 m diamond drilling (DD) programme at its Tabakorole gold project, in southern Mali. The programme is focused on the 2.7-km-long FT Prospect and is being managed and financed by Glomin Services under the first phase of a joint venture (JV) between... 

Premier reaffirms basis of further purchase in MN Holdings

By: Tasneem Bulbulia     26th May 2020 Aim-listed Premier African Minerals has reaffirmed the basis for the proposed purchase of a further 7% in MN Holdings (MNH), the owner and operator of the Otjozondu manganese mining project in Namibia. Premier's proposed additional purchase is based exclusively on the independent valuation for... 

OreCorp completes share placement

By: Esmarie Iannucci     26th May 2020 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. 

Mahalo gets EPBC approval

By: Esmarie Iannucci     Updated 13 minutes ago The Australian government has granted approval to the Mahalo gas project, near Gladstone, under the Environment Protection and Biodiversity Conservation Act (EPBC). Project developer Comet Ridge on Wednesday said that the EPBC approval was the first of two environmental steps required for the... 

Core adds A$7m to Finniss kitty

By: Esmarie Iannucci     Updated 21 minutes ago Lithium developer Core Lithium will raise A$7-millioln through a share placement and share purchase plan (SPP) to progress the Finniss lithium project, in the Northern Territory. The ASX-listed company will raise an initial A$5.5-million through the placement of 129.8-million shares, at a price... 

Funds raised for HPA First

By: Esmarie Iannucci     Updated 28 minutes ago Junior Alpha HPA will raise A$7-million to advance its HPA First project, in Queensland. The share placement to sophisticated investors will be priced at 14.5c each, and proceeds from the raising will go towards funding the company’s production of high purity alumina (HPA) for market outreach... 

Sienna Resources buys battery metals project in Finland

By: Creamer Media Reporter      Updated 46 minutes ago TSX-V-listed Sienna Resources has acquired the Kuusamo battery metals project, which comprises of two exploration “reservation” properties located adjacent to, and near, the Kaukua platinum group elements (PGE) project that fellow-listed Palladium One is advancing. The Kuusamo project hosts... 

Scotiabank takes C$232m hit as it shuts historic gold unit

By: , Bloomberg     Updated 53 minutes ago Bank of Nova Scotia has set aside C$232-million to cover the cost of winding down its historic precious-metals unit as well as a potential settlement of US investigations into the unit’s trading activities. The charges this year, which the bank disclosed in its quarterly earnings report on... 

Kazakhstan, Russia and Uzbekistan continue to supply vast majority of US uranium needs

By: Creamer Media Reporter      Updated 56 minutes ago Owners and operators of US civilian nuclear power reactors (COOs) purchased a total of 48-million pounds of U3O8 equivalent of deliveries from US and foreign suppliers in 2019, with the vast majority sourced from Kazakhstan, Russia and Uzbekistan. The total deliveries was 20% higher than the... 

Taseko takes first step on Yellowhead assessment road with First Nation pact

By: Mariaan Webb     Updated 1 hour 13 minutes ago Toronto-listed Taseko Mines has entered into an agreement with an indigenous nation regarding the miner’s intentions to start the regulatory approval process for the Yellowhead copper project, in the Thompson‐Nicola area of British Columbia. Located about 150 km north‐east of Kamloops near... 

Fortuna’s San Jose back at nameplate capacity

By: Creamer Media Reporter      Updated 1 hour 30 minutes ago The San Jose silver/gold mine, in Mexico, has officially resumed production at nameplate capacity of 30 000 t/d, after it was granted approval on May 25 to restart operations. Owner Fortuna Silver mines suspended production after the Mexico government on March 31 announced an isolation period to... 

Seabridge locks in 3 Aces project

By: Mariaan Webb     Updated 1 hour 59 minutes ago TSX- and NYSE-listed Seabridge Gold has completed the acquisition of the high-grade 3 Aces gold project – a “first rate” exploration play in Yukon – from Golden Predator Mining. 3 Aces is a district scale, orogenic-gold project consisting of 1 536 claims covering about 350 km² located in a... 

Seabridge locks in 3 Aces project
The 3 Aces camp in Yukon.

Silver Mines raises A$12m

By: Esmarie Iannucci     Updated 3 hours ago Silver explorer Silver Mines has completed a A$12-million capital raise to professional and sophisticated investors, to fund work at its Bowdens silver mine, in New South Wales. The company will issue 120-million fully paid ordinary shares at a price of 10c each, with the majority of the shares... 

Kingston raises cash for PNG work

By: Esmarie Iannucci     Updated 3 hours ago Metals explorer Kingston Resources is hoping to raise A$8.4-million through a share placement and a share purchase plan to fund work on its gold projects in Papua New Guinea and Western Australia. The junior on Wednesday said it had received binding commitments for a share placement comprising... 

Alto ups Lord Nelson estimate

By: Esmarie Iannucci     Updated 3 hours ago Takeover target Alto Metals has reported a 60% increase to the resource estimate of its Lord Nelson deposit, at the Sandstone gold project, in Western Australia. A Joint Ore Reserves Committee compliant mineral resource of 1.8-million tonnes, grading 1.9 g/t gold for 109 000 oz of gold has now... 

Rox to increase stake in Youanmi

By: Esmarie Iannucci     Updated 3 hours ago Junior Rox Resources has announced plans to raise more than A$12-million to fund an increased stake in the Youanmi gold project, in Western Australia. Rox has received binding commitments from institutional and sophisticated investors to raise an initial A$8.74-million through a placement... 

Taylor urges more gas for domestic market

By: Esmarie Iannucci     Updated 3 hours ago Federal Energy and Emissions Reduction Minister Angus Taylor has called on the state and territory governments to unlock more gas for the domestic market. Quoting the latest official electricity data, Taylor noted that gas fired electricity generation accounted for 21% of Australia’s total... 

Taylor urges more gas for domestic market

Gold giant Australia is firing back up a record exploration boom

By: , Bloomberg     26th May 2020 Gold miners in Australia -- set to leapfrog China next year to become the top producer -- are resuming a pandemic-disrupted exploration spree as prices surge amid a dearth of major discoveries. “Gold does really well in volatile times, so my sense of this is we’re on the cusp of a fairly major... 

Gold giant Australia is firing back up a record exploration boom

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

By: Esmarie Iannucci     26th May 2020 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... 

Neometals adds to Gillett estimates

By: Esmarie Iannucci     26th May 2020 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     26th May 2020 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... 

Latest News  by  

more

Company Post

more

Latest Videos and Audio

Leon lists measures to attract mining investment in these challenging times

On-The-Air (22/05/2020)

Platinum coins, COP and the Marula mine make headlines

Eskom committed to ‘aggressive’ end-2021 unbundling timeline

As Eskom rolls out boiler fixes to more Medupi units, it confirms FGD talks with World Bank

On-The-Air (15/05/2020)

Hydrogen, climate change, exploration make headlines

On-The-Air (08/05/2020)

more

Services News

Consulting Engineers

Contract mining

Crushing and Screening

Drilling and Tunnelling

Earthmoving

Energy Services

Explosives

Furnaces and Kilns

Material Handling

Opencast/Quarries

Pumps

Valves

Company Announcements

more

 

Projects

Press Office

more

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close