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Platinum group metals demand set to overwhelm supply balance – Davis 

By: Martin Creamer     21st January 2021 Long-serving precious metals consultant Dr David Davis has reached the conclusion, after a comprehensive study, that the demand for platinum group metals (PGMs) is poised to outstrip stagnant supply. Davis, who has spent several months carrying out a ‘deep dive’ into the future of PGMs for... 

Platinum group metals demand set to overwhelm supply balance – Davis
Precious metals consultant Dr David Davis, who believes that platinum will be next to board the price rocket.

Griffith appointed CEO designate of Gold Fields 

By: Creamer Media Reporter      21st January 2021 JSE- and NYSE-listed Gold Fields has appointed Chris Griffith CEO designate. Griffith will succeed Nick Holland with effect from April 1. Holland, who had been due to retire on September 30 after 13 years as CEO of the company, has agreed to retire six months earlier to facilitate the leadership... 

Griffith appointed CEO designate of Gold Fields

MRS tests new mobile rescue winder at South Deep 

By: Marleny Arnoldi     21st January 2021 Nonprofit organisation Mines Rescue Services (MRS) on January 21 carried out test work of a new mobile rescue winder at Gold Fields’ South Deep mine, in Gauteng. The winder will be used to bring employees to surface in the event that normal processes do not work.  

MRS tests new mobile rescue winder at South Deep

Zambia expects to find new Mopani investor by year-end, IMF examines Glencore transaction

By: Reuters     21st January 2021 Zambia's mining investment arm ZCCM-IH said it expects to find a new investor for Mopani Copper Mines by the end of the year, as the International Monetary Fund looks into Zambia's deal with Glencore, Mopani's majority stakeholder. Zambia became Africa's first pandemic-era sovereign default in... 

South32 shelves Eagle Downs; reports strong quarterly production

By: Esmarie Iannucci     21st January 2021 Diversified miner South32 has set a number of production records in the first half of 2021, following a solid December quarter. “This was another period of strong operating performance across our business, with three of our operations setting production records for the half year,” said CEO... 

South32 shelves Eagle Downs; reports strong quarterly production
South32 CEO Graham Kerr

B2Gold well positioned for 2021 following strong 2020

By: Simone Liedtke     21st January 2021 TSX-listed B2Gold remains well positioned for a continued strong operational and financial performance heading into 2021, with a total production guidance of between 907 000 oz and just over one-million ounces of gold for the year. Owing to openpit mine sequencing, consolidated gold production is... 

Perseus hits production targets

By: Esmarie Iannucci     21st January 2021 Gold miner Perseus Mining has reported a 12% increase in gold production for the six months to December, reaching the top-end of its guidance range. The ASX- and TSX-listed miner produced 137 386 oz of gold during the six months under review, with 68 614 oz of gold recovered in the December... 

Xtract raises £5m for exploration, project development

By: Simone Liedtke     21st January 2021 Brownfield mine developer Xtract Resources’ broker, Novum Securities, has conditionally raised £5-million, before expenses, following the placement of over 111-million ordinary shares. The placing shares represent 17.9% of the current issued ordinary share capital of Xtract. 

Manono's footprint enviable - AVZ

By: Esmarie Iannucci     21st January 2021 An independent study of the Manono lithium and tin project, in Democratic Republic of Congo, has found that it is likely to have one of the lowest carbon footprints of any global hard rock lithium project. ASX-listed AVZ Minerals on Thursday told shareholders that the greenhouse gas (GHG)... 

Syrah eyes Balama restart

By: Esmarie Iannucci     21st January 2021 ASX-listed Syrah Resources on Thursday said that it was assessing the potential restart of its Balama graphite project, in Mozambique, and would take into consideration travel restrictions and an improved natural graphite market balance. Syrah in March of last year suspended production at Balama... 

Brazil's Vale to divest troubled coal assets in Mozambique

By: Reuters     21st January 2021 Brazil’s Vale said on Thursday it is buying out minority stake partner, Japan’s Mitsui & Co, in a Mozambique coal mine and port project, ahead of selling the loss-making asset as it works to become carbon neutral by 2050. Vale, the world’s second-biggest iron ore miner, said in a statement it... 

Global copper smelting rises in December, driven by China

By: Reuters     21st January 2021 Global copper smelting activity climbed in December, led by top producer China, while North America extended its decline as coronavirus cases surged, data from satellite surveillance of copper plants showed. Europe dipped slightly, but its copper smelting activity remained strong, satellite... 

Buffalo appoints new nonexec director

By: Creamer Media Reporter      21st January 2021 South African coal miner Buffalo Coal has appointed Rory Taylor independent nonexecutive director and chairperson of the audit committee with effect from January 22. Taylor, a Canadian resident, is a chartered accountant (South Africa) and seasoned finance executive with a record of capable... 

2021 poised to be significant year of transition for SA’s energy and minerals sectors

By: Terence Creamer     Updated 5 hours ago This year could prove to be game changing for the long-term prospects and resilience of South Africa’s energy and minerals sectors. The electricity sector, which together with Eskom has sapped confidence and growth from the South African economy for more than a decade, should begin its slow... 

2021 poised to be significant year of transition for SA’s energy and minerals sectors

Alrosa sees strong demand for diamonds in Q1 after lower sales in 2020

By: Reuters     21st January 2021 Russian State-controlled diamond producer Alrosa sees strong global demand for diamonds in the first quarter of 2021 after its sales fell by 4% to 32.1-million carats in 2020 due to the coronavirus pandemic, it said on Thursday. Alrosa, the world's largest producer of rough diamonds, which... 

Family men or forest destroyers? Meet the miners living off the Amazon's gold

By: Reuters     21st January 2021 One man working deep in Brazil's Amazon said he knows how to stop the illegal logging, gold mining, deforestation and fires plaguing the region: let President Jair Bolsonaro carry out his plans to develop the rainforest. "If people listen to him and believe in his ideas ... many of the... 

Eldorado Gold expands Canadian footprint through shares acquisition

By: Simone Liedtke     21st January 2021 TSX-listed Eldorado Gold and TSX-V-listed QMX Gold have entered into a definitive agreement pursuant to which Eldorado will acquire all of the outstanding shares of QMX, not already owned by Eldorado, for about C$132-million on a 100% and fully diluted basis. Eldorado currently owns 68.1-million... 

Calibre’s Pavon Norte delivers initial mill feed

By: Tasneem Bulbulia     21st January 2021 Canadian-listed gold mining and exploration company Calibre Mining has started openpit mining at the Pavon Norte mine in Nicaragua, and the mill feed has been delivered to the Libertad complex for processing, in accordance with the company’s hub-and-spoke operating philosophy. “I am extremely... 

Cruz Cobalt to start operations at Ontario cobalt projects

By: Simone Liedtke     21st January 2021 Cobalt-focused Cruz Cobalt intends to start operations at its cobalt projects in Ontario, Canada. Cruz is one of the largest landholders in the historic silver/cobalt producing region of Cobalt, Ontario, and the company's projects are in the direct vicinity of TSX-V-listed Fuse Cobalt and... 

Nagorno Karabakh ceasefire opens region for Anglo Asian to possibly return to projects

By: Donna Slater     21st January 2021 Aim-listed central Asia gold, copper and silver producer Anglo Asian Mining welcomes the agreement between Armenia, Azerbaijan and Russia which has ended the military conflict over the enclave of Nagorno Karabakh, subsequently opening up the region for the miner to restore its three contract... 

W Resources continues improvements at Spanish project

By: Simone Liedtke     21st January 2021 Plant improvements at tungsten, tin and gold miner W Resources’ La Parrilla project, in Spain, should be completed early next month. During the quarter ended December 31, the plant continued to work a four-day week. Operations moved to a five-day working week earlier this month and the plan is to... 

First Majestic lifts fourth-quarter silver output, exceeds 2020 guidance

By: Donna Slater     21st January 2021 First Majestic Silver, with three producing projects in Mexico, produced 5.5-million silver-equivalent ounces (SEO) in the fourth quarter of 2020, representing a 5% increase over the prior quarter. Silver production reached 3.5-million ounces, representing a 9% increase over the prior quarter... 

Jupiter Mines to proceed with Central Yilgarn demerger, IPO

By: Simone Liedtke     21st January 2021 ASX-listed Jupiter Mines will proceed with the demerger and initial public offering (IPO) of its Central Yilgarn iron-ore (CYIP) assets through newly created company, Juno Minerals. The two companies on January 21 lodged a notice of a general meeting, which will be held virtually on February 19. 

Agnico Eagle's acquisition of TMAC approved by Ontario court

By: Donna Slater     21st January 2021 TSX-listed gold miner TMAC Resources has received an amended final order from the Ontario Superior Court of Justice (Commercial List) approving the acquisition of TMAC by gold mining company Agnico Eagle Mines as the substituted buyer under a previously approved plan of arrangement. The... 

Lundin continues improvement trend in 2020

By: Simone Liedtke     21st January 2021 Diversified Canadian base metals miner Lundin Mining met its production guidance for all metals for the 2020 financial year, ended December 31, with copper production standing out at 230 781 t. Gold production exceeded guidance, reaching 163 000 oz. 

Argonaut produces record quarterly output, intersects high-grade mineralisation at Magino

By: Donna Slater     21st January 2021 TSX-listed Canadian gold explorer, developer and producer Agronaut Gold produced a record 56 986 of gold-equivalent oz GEO in the fourth quarter of 2020, representing a 16% increase over the previous quarter. This contributed to full-year production of 203 483 GEO.  

Harte Gold to proceed with Sugar Zone expansion

By: Simone Liedtke     21st January 2021 TSX-listed Harte Gold is proceeding with an expansion of its fully owned Sugar Zone mining operation, in Canada, from a capacity of 800 t/d to 1 200 t/d, based on the positive results of a feasibility study. With expansion capital of $21-million, the gold producer intends to reach the 1 200 t/d... 

Red 5 adjust output expectations

By: Esmarie Iannucci     21st January 2021 Gold miner Red 5 has reported increased gold production and sales for the December quarter, compared to that achieved in the September quarter. Gold production for the quarter increased from 20 283 oz in the three months to September, to 21 534 oz in the three months to December, while gold... 

Gascoyne keeps its pace

By: Esmarie Iannucci     21st January 2021 Gold miner Gascoyne Resources has reported its third consecutive quarter of more than 20 000 oz of production. During the three months to December, Gascoyne produced 20 381 oz of gold, up from the 20 314 oz produced in the previous quarter, bringing half-year production to 40 695 oz. 

Santos sets annual record

By: Esmarie Iannucci     21st January 2021 Oil and gas major Santos has reported record annual production for the year ended December, with production reaching the top-end of the company’s previously upgraded guidance. Annual production reached 89-million barrels of oil equivalent in the 12 months to December, an 18% increase on the 2019... 

Govt secures more domestic gas for east coast

By: Esmarie Iannucci     21st January 2021 The Australian government has inked a new heads of agreement with east coast liquefied natural gas (LNG) companies that will ensure more gas is offered to the domestic market, more often, and on more competitive terms. The Agreement, signed by Prime Minister Scott Morrison and LNG exporters,... 

Record production and new hydrogen for Woodside

By: Esmarie Iannucci     21st January 2021 Energy major Woodside on Thursday reported record annual production of 100.3-million barrels of oil equivalent for the 12 months ended December, despite a 2% fall in the December quarter production. Annual production in 2020 was 12% higher than that achieved in 2019. 

Strong finish for Saracen/Northern Star ahead of merger

By: Esmarie Iannucci     21st January 2021 Gold miner Saracen Mineral Holdings has reported a record half of production for the six months to December, as it readies for a merger with fellow-listed Northern Star. Saracen’s gold production in the six months to December reached a record 309 512 oz, at an all-in sustaining cost (AISC) of... 

Copper output may suffer if pandemic drags on, Chile group says

By: Bloomberg     21st January 2021 Top copper producer Chile managed to navigate the pandemic disruptions that stalled mining in other countries, churning out more metal last year than in 2019. That helped keep Chinese refineries supplied at a time of market tightness and high prices. But while Chile is well prepared to operate... 

Copper output may suffer if pandemic drags on, Chile group says

For Trudeau, life after Trump is off to surprisingly rocky start

By: Bloomberg     21st January 2021 President Joe Biden’s cancellation of the Keystone XL project has put Justin Trudeau in a no-win situation. He has no good options to retaliate. But a failure to fight back could fracture the unity of his own country. Biden revoked the permit for TC Energy Corp.’s oil pipeline via executive... 

For Trudeau, life after Trump is off to surprisingly rocky start
Canadian Prime Minister Justin Trudeau

First Mining declares Springpole reserve as it marks PFS milestone

By: Mariaan Webb     20th January 2021 Toronto-listed First Mining on Wednesday announced the results of a prefeasibility study (PFS) for its Springpole gold project and declared the project’s first-ever mineral reserves. Springpole, in Red Lake, has proven and probable reserves of 3.8-million ounces of gold and 20.5-million ounces of... 

First Mining declares Springpole reserve as it marks PFS milestone
View from the Springpole site

Sibanye's South African platinum operations exceed output guidance 

By: Donna Slater     20th January 2021 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater achieved improved production from all the operating segments in the second half of 2020, compared with the first half of the year. Production of platinum group metals (PGMs) from Sibanye-Stillwater’s South African operations for the... 

Sibanye's South African platinum operations exceed output guidance

Copper mineralisation found through 940 m of first-hole drilling at Bushranger

By: Donna Slater     20th January 2021 Drilling of the first of three holes at Xtract Resources’ Bushranger copper/gold exploration project, in Australia, has thus far found copper mineralisation at a depth of 110 m, with mineralisation continuing over a 940 m interval to about 1 050 m depth, 235 m past the original planned finishing... 

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