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First 1 100 foreign mineworkers scheduled to cross back into South Africa 

By: Martin Creamer     8th July 2020 The first batch of 1 100 foreign mineworkers was scheduled to cross back into South Africa on Tuesday, Mining Weekly can report. This is part of a total of 12 500 gold and platinum workers returning from Mozambique, Lesotho and Eswatini, formerly Swaziland. 

First 1 100 foreign mineworkers scheduled to cross back into South Africa
Mineworkers being transported in response to Covid-19.

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

Alphamin exceeds second-quarter production guidance 

By: Simone Liedtke     8th July 2020 JSE-listed tin concentrate producer Alphamin Resources’ tin production for the second quarter, ended June 30, increased by 29% quarter-on-quarter to 2 739 t. This exceeded the production guidance for the period. 

Gold’s rally to $1 800 sees ETF inflows exceed full-year record 

By: Bloomberg     8th July 2020 Gold’s allure is only getting stronger as 2020 unfolds. Spot prices reached $1 800/OZ and year-to-date inflows into bullion-backed exchange-traded funds have topped the record full-year total set in 2009. Investors have favored havens this year as the coronavirus pandemic rips through economies,... 

World Diamond Council applauds launch of training programme

By: Donna Slater     8th July 2020 World Diamond Council (WDC) president Edward Asscher has expressed the WDC’s strong support for an agreement announced on July 8, for collaboration in the development and delivery of a training programme that promotes safe and responsible operating standards. The standards apply to the artisanal... 

Germany to become major source of platinum demand for fuel cell EVs, says WPIC

By: Marleny Arnoldi     8th July 2020 As much of Europe prepares for a rapid green energy transition as part of the region's Covid-19 recovery strategy, Germany, in particular, could be the gamechanger that makes widespread adoption of fuel cell electric vehicles (FCEVs) in Europe a reality, says the World Platinum Investment Council... 

Glencore copper mine in Congo says six workers have coronavirus

By: Reuters     8th July 2020 Six workers at Glencore's Kamoto Copper Company (KCC) mine in Democratic Republic of Congo's Lualaba province have tested positive for the coronavirus, KCC said on Tuesday. The copper and cobalt miner said none of the workers screened and tested presented symptoms of Covid-19, adding they are... 

GoviEx to appeal termination of Chirundu mining licence

By: Tasneem Bulbulia     8th July 2020 Dual-listed GoviEx Uranium has received a letter from the Mining Cadastre Department of Zambia notifying the company that it had terminated the Chirundu mining licence.  Under the Zambian Mines and Minerals Development Act of 2015, GoviEx has been given 30 days to appeal this decision, which the... 

Getting it right: Kogi Iron

By: Creamer Media Reporter      8th July 2020 Mining Weekly incorrectly reported on July 7 that ASX-listed Kogi Iron had received a large investment from European funds management company Torridon Investments Research to develop its Agbaja cast steel project, in Nigeria. However, Torridon, which is a European funds manager with billions of... 

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... 

Nornickel disputes $2bn Arctic damages estimate

By: Mariaan Webb     8th July 2020 Nornickel, the world's largest producer of palladium and high-grade nickel, said on Wednesday that it was committed to fully cover the cost of remediation of the environmental impact of the recent fuel spill in the Arctic, but that it disagreed with the amount that Russian watchdog... 

Nornickel disputes $2bn Arctic damages estimate

Investors put more into Cornish Lithium

By: Mariaan Webb     8th July 2020 Exploration junior Cornish Lithium has raised another £826 000 from shareholders. Founder and CEO Jeremy Wrathall says shareholders chose to put more funds into the company during a time of “huge uncertainty”, noting that investors are “thinking carefully" about where to deploy their funds. The... 

Thousands of copper workers have fallen ill in Chile

By: Bloomberg     8th July 2020 It’s no coincidence that global copper prices and Chilean Covid-19 cases are rising together. Chile, which accounts for more than a quarter of global supply, is battling to maintain output levels as more workers fall ill amid a nationwide surge of infections. Mines have been attempting to keep... 

Cobre Panama to restart after three-month Covid pause

By: Mariaan Webb     8th July 2020 Toronto-listed First Quantum has been given the green light to resume normal operations at its Cobre Panama mine, after being ordered to shut the mine in early April, owing to positive Covid-19 cases. The copper/gold miner said this week that it would implement a reopening plan, which provided... 

Cobre Panama to restart after three-month Covid pause
The Cobre Panama plant.

ScoZinc buoyed by Scotia mine PFS

By: Mariaan Webb     8th July 2020 Development company ScoZinc has announced the prefeasibility study results for its Scotia project, which indicate that the past-producing zinc and lead mine near Halifax could achieve commercial production in 12 months or less from securing project finance. The TSX-V-listed company will now be... 

ScoZinc buoyed by Scotia mine PFS
An aerial view of the Scotia mine site, near Halifax.

Resources Watch 

8th July 2020 This week: Covid kills 13 mineworkers, no foreigners back at work; Platinum group metals in pole position to benefit from global decarbonisation thrust; and, Intensive communication playing key role in curbing Covid at South Deep 

Resources Watch

Kirkland Lake reports increased gold output

By: Esmarie Iannucci     8th July 2020 Triple listed Kirkland Lake Gold has reported a 54% increase in gold production for the second quarter of 2020, compared with the previous corresponding period. The ASX, TSX, and NYSE-listed company on Wednesday announced that gold production in the three months to June had reached 329 770 oz,... 

Kirkland Lake reports increased gold output
The Detour Lake mine.

Newcrest Mining to explore options for its stake in SolGold - sources

By: Reuters     8th July 2020 Australia's Newcrest Mining has hired investment bank RBC Capital Markets to explore options for its 13.57% stake in gold and copper producer SolGold, two sources said, after it contested SolGold's latest fundraising initiative. The Ecuador-focused company agreed in May a financing package of... 

Matador raises funds for Canadian exploration

By: Esmarie Iannucci     8th July 2020 Gold explorer Matador Mining has completed an A$8.7-million capital raise to fund exploration at the Cape Ray gold project, in Newfoundland. The company placed 21.4-million shares, at a price of 40.5c each, under its existing placement capacity.  

New Hope makes more job cuts

By: Esmarie Iannucci     8th July 2020 Coal miner New Hope has flagged a next round of redundancies as the stasis around the approval of its New Acland Stage 3 operation, in Queensland, continues. The miner on Wednesday announced that 14% of its corporate staff have been made redundant while 15% of the workforce at its port facility,... 

Northern Star sails past Covid issues

By: Esmarie Iannucci     8th July 2020 Despite the impacts of the Covid-19 pandemic, gold miner Northern Star has reported that its cash, bullion and investments increased by 40% at the end of June, compared with the previous quarter. Cash, bullion and investments increased to A$769.5-million, up from the A$551.4-million at the end... 

Saracen beats records in full year

By: Esmarie Iannucci     8th July 2020 ASX-listed gold miner Saracen Mineral Holdings has beaten its full year production expectations for the year ended June, announcing record production and cash flows. Saracen announced that full year production reached 520 414 oz, which was above the guidance of 500 000 oz previously set, with... 

Nova beats production guidance

By: Esmarie Iannucci     8th July 2020 The Nova base metals project, in Western Australia has beaten its full year production guidance, owner Independence Group said on Wednesday. During the full year ended June, the mine produced 30 436 t of contained nickel, 13 772 to of contained copper and 1 142 t of contained cobalt, which was... 

Era sees production fall in June quarter

By: Esmarie Iannucci     8th July 2020 Uranium miner Energy Resources of Australia (Era) has reported a 10% decline in uranium oxide production from its Ranger mine, in the Northern Territory, for the quarter ended June. Era on Wednesday reported that 377 t of uranium oxide was produced in the June quarter, down 10% on the previous... 

Galena raises cash for Abra

By: Esmarie Iannucci     8th July 2020 Junior Galena Mining has raised A$12-million through a share placement to fund exploration work at the Abra base metals project, in Western Australia. Galena has received binding commitments for the placement of 57.15-million new shares, at an issue price of 21c each, with the company’s largest... 

Australia rolls out exploration portal

By: Esmarie Iannucci     8th July 2020 The federal government has launched an online data portal provides free access to around 250 datasets collected as part of its A$225-million Exploring for the Future program. Minister for Resources, Water and Northern Australia, Keith Pitt said that the portal would help the resources sector in... 

Australia rolls out exploration portal

Bardoc raises funds to fast-track gold project

By: Esmarie Iannucci     8th July 2020 ASX-listed Bardoc Gold is looking to raise A$24-million through a share placement to fund a definitive feasibility study on its Bardoc gold project, Western Australia, and to complete front-end engineering and design (FEED) work while also securing long-lead items ahead of a final investment... 

Baselode Energy acquires second uranium property in Athabasca region

By: Simone Liedtke     7th July 2020 Uranium exploration company Baselode Energy has acquired the Hook uranium property, in the Athabasca basin area of northern Saskatchewan, Canada, in line with its Athabasca 2.0 exploration thesis, which is set to target basement hosted uranium near surface deposits. Hook, which covers around 30... 

Aura Energy agree to sale of Tasiast South tenements

By: Donna Slater     7th July 2020 Australia-based minerals company Aura Energy (AEE) has signed a C$4.5-million (A$4.8-million) funding term sheet for the creation of a joint venture (JV) vehicle with TSX-listed Chilean Metals for Aura’s gold, base- and battery-metal tenements in Mauritania. The deal, which is subject to due... 

Gold-backed ETFs record seventh consecutive month of positive flows, says WGC 

By: Simone Liedtke     7th July 2020 Gold-backed exchange-traded funds (ETFs) recorded their seventh consecutive month of positive flows, adding 104 t in June (equivalent to $5.6-billion or 2.7% of assets under management (AUM)) and taking global holdings to new all-time highs of over 3 621 t. This brings the total global net... 

Committee concerned about impact of new budget on electrification backlog target

By: Marleny Arnoldi     7th July 2020 While still in the process of reviewing the Department of Mineral Resources and Energy’s revised budget for the 2020/21 financial year, the Portfolio Committee on Mineral Resources and Energy has noted its revision to R7.8-billion, from R9.3-billion previously. The revised budget follows after... 

Covid death toll on mines rises to 21, positive cases at 3 119 

By: Martin Creamer     7th July 2020 The Covid-19 death toll in the mining industry has risen to 21, Minerals Council South Africa recorded on its website on Tuesday, with the number of Covid-positive cases totalling 3 119. Platinum mining, which employs the most people, continues to have the largest number of Covid deaths so far at... 

Covid death toll on mines rises to 21, positive cases at 3 119
Photo by MINERALS COUNCIL SOUTH AFRICA
Mining industry's Covid statistics.

Correction: Kogi Iron

By: Schalk Burger     7th July 2020 Mining Weekly incorrectly reported on July 7 that ASX-listed Kogi Iron had received a large investment from European fund management company Torridon Investments Research to develop its Agbaja cast steel project, in Nigeria. However, Torridon, which is a European fund manager with billions of... 

Coal production to top 8bn tonnes in 2020, says GlobalData

By: Simone Liedtke     7th July 2020 Despite disruptions during the first quarter, global coal production is expected to reach more than 8.1-billion tonnes this year, says data and analytics company GlobalData. A 7.8% fall in production in the US will be a major factor in the overall limited output, the company says, noting that... 

Coal production to top 8bn tonnes in 2020, says GlobalData

Novagold sues short-seller JCAP

By: Mariaan Webb     7th July 2020 NYSE American- and TSX-listed Novagold Resources on Tuesday announced that it had served short-seller J Capital Research USA (JCAP) with a civil action lawsuit for defamation in the US. Novagold charges that JCAP’s May 28 report on the company contained false and misleading statements as part of... 

Presidential Climate Change Coordinating Commission seen as key to navigating South Africa’s ‘just transition’ 

By: Terence Creamer     7th July 2020 A member of South Africa’s National Planning Commission has called for the Presidential Climate Change Coordinating Commission to be established, arguing that such a multi-stakeholder institutional platform is required to implement the just transition vision outlined in the country’s National... 

Presidential Climate Change Coordinating Commission seen as key to navigating South Africa’s ‘just transition’

Mantashe lauds court ruling for broader community to be included in charter review

By: Donna Slater     7th July 2020 Mineral Resources and Energy Minister Gwede Mantashe has welcomed the June 30 ruling by the Gauteng High Court that the Minerals Council South Africa include parties representing communities, trade unions and black economic empowerment (BEE) entrepreneurs in its judicial review of the 2018 Mining... 

Bill Gates-backed company to hunt for cobalt near Glencore mine

By: Bloomberg     7th July 2020 A startup backed by a group of tycoons including Bill Gates plans to use data-crunching algorithms to search for cobalt near a Canadian nickel mine owned by Glencore. Kobold Metals has acquired rights to an area of about 1 000 km2 -- roughly the size of New York City -- in northern Quebec,... 

Bill Gates-backed company to hunt for cobalt near Glencore mine

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Covid kills 13 mineworkers, no foreigners back at work

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Resources Watch

Platinum group metals in pole position to benefit from global decarbonisation thrust

Pleasantly surprised by productivity during lockdown – Babcock Ntuthuko Engineering

Intensive communication playing key role in curbing Covid at South Deep

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