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New Finnish copper technology for Democratic Republic of Congo 

By: Martin Creamer     1st June 2020 New copper solvent extraction technology is to be delivered to the Democratic Republic of Congo (DRC) by Finnish mining technology company Outotec. La Sino-Congolaise des Mines SA (Sicomines) has awarded the contract for the delivery of the copper solvent extraction plant to Sicomines’... 

New Finnish copper technology for Democratic Republic of Congo
Photo by Outotec
Solvent extraction lines.

Engineering News & Mining Weekly e-magazine now available

28th 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

Kropz plans to raise additional $4.3m, backed by ARC  

By: Marleny Arnoldi     1st June 2020 Aim-listed emerging phosphate producer Kropz has raised about $350 000 by way of an equity placing with chairperson Robin Renwick and interim CEO Mark Summers at a price of 6.75p per ordinary share. Additionally, Kropz has launched an open offer to existing shareholders to raise up to... 

Kropz plans to raise additional $4.3m, backed by ARC
Kropz's Elandsfontein mine, in the Western Cape

Petra Diamonds experiences Covid-19-influenced drop in diamond sales 

By: Donna Slater     1st June 2020 Driven by significantly reduced diamond prices, especially in its March tender, diamond miner Petra Diamonds reports a drop in revenue of 32% year-on-year to $91.3-million for the third quarter of the financial year ended March 31. Reflecting stable market conditions before the Covid-19 pandemic... 

Gold M&A back on the agenda as coronavirus restrictions ease

By: Reuters     1st June 2020 A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said. Deals this year have been hobbled by lockdown measures to... 

Gold M&A back on the agenda as coronavirus restrictions ease

Outlook continues to deteriorate – Standard Bank

By: Martin Creamer     1st June 2020 The outlook for the 12 month period to the end of December continues to deteriorate, Standard Bank stated on Monday in a voluntary trading update and trading statement for the six month period ending June 30. Africa’s biggest lender by assets advised that earnings in the six months to June 30... 

Outlook continues to deteriorate – Standard Bank
Standard Bank Group building

Weekly Coal Index Report

1st June 2020 Most of the South African workforce is back at work from 1 June, with mines able to operate at full capacity. However, stringent safety requirements are in place to test for Covid-19. Across the globe however, suppliers are warning of delays to procure equipment, potentially delaying projects... 

Weekly Coal Index Report

TIPS Tracker: The economy and the pandemic

1st June 2020 Trade and Industrial Policy Strategies' (TIPS's) 'Tracker: The economy and the pandemic' highlights important trends in the Covid-19 pandemic in South Africa and how they affect the economy. Trends in Covid-19 infections in the Western Cape continue to look qualitatively different from the rest... 

TIPS Tracker: The economy and the pandemic

Ukwazi launches sustainable mining, environmental and mine closure management division

By: Schalk Burger     1st June 2020 Mining service specialist company Ukwazi on June 1 launched a new division to provide solutions for environmental and closure liability management, including post-closure plans. New approaches in environmental and social governance are required to successfully manage complex country, market and... 

Centamin appoints Hennie Faul nonexec director

By: Tasneem Bulbulia     1st June 2020 Dual-listed Centamin, which operates the Sukari mine, in Egypt, has appointed Hendrik Faul as an independent nonexecutive director, effective July 1. He will chair the new technical committee and become a member of the audit and risk, and the sustainability committees. 

Centamin appoints Hennie Faul nonexec director
Hendrik Faul

Buffalo Coal suffers operational loss in March quarter

By: Tasneem Bulbulia     1st June 2020 South Africa-based Buffalo Coal's revenue rose by 32% year-on-year to R127-million for the three months ended March 31. However, it incurred a loss from operations of R97-million, 1 030% lower than the R10.4-million profit of the corresponding period last year. 

Khemisset feasibility study confirms project's potential

By: Tasneem Bulbulia     1st June 2020 Morocco-focused potash development company Emmerson has  completed the feasibility study on the company’s 100%-owned Khemisset potash project, which has confirmed a post-tax net present value of $1.4-billion and an internal rate of return of 38.5% over an initial 19-year mine life. Total... 

Zambia's CEC to discontinue power supply to Konkola Copper Mines

By: Reuters     1st June 2020 Zambia's Copperbelt Energy Corp (CEC) will stop supplying power to Vedanta's local unit Konkola Copper Mines (KCM) from Monday, it said after talks on an extension to their supply agreement broke down over debt owed to CEC. Zambia's Energy Minister Mathew Nhkuwa told Reuters that KCM would now... 

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... 

Congo suspends board and management of State diamond miner MIBA

By: Reuters     1st June 2020 The Democratic Republic of Congo has suspended the board of directors and management of state-controlled diamond mining company MIBA, after an audit revealed significant irregularities, the government said in a statement. The audit identified a host of problems including compliance, governance,... 

IronRidge reports 'significant' results from sampling at Zaranou

By: Tasneem Bulbulia     1st June 2020 Infill soil sampling has confirmed and enhanced multiple large-scale gold soil anomalies at Aim-listed IronRidge Resources’ Zaranou gold project, in Côte d'Ivoire. The licence borders with Ghana and is along strike from significant operating gold mines. 

Mkango donates anaesthetic machine to Malawi hospital

By: Tasneem Bulbulia     1st June 2020 Aim-listed Mkango Resources has donated a new Mindray WATO EX-20 anaesthetic machine to the Mercy James Centre at the Queen Elizabeth Central Hospital in Blantyre, Malawi. The new anaesthetic machine will help enable the hospital set up a new operating theatre for emergency operations,... 

It’s official, the hottest party in the metals world is canceled

By: Bloomberg     Updated 2 hours 44 minutes ago The London Metal Exchange (LME) has pulled the plug on the biggest annual gathering in the metals market, canceling all its own events during October’s LME Week because of coronavirus concerns. From its origins as an annual gathering organized by the LME’s golf association, the week-long roster... 

Lundin takes first steps to reopening Ecuador’s largest gold mine

By: Mariaan Webb     1st June 2020 Vancouver-headquartered Lundin Gold has begun the first phases of reopening the Fruta del Norte gold mine, in Ecuador, after the government approved protocols that allow the mining industry to restart operations under health and safety guidelines. The government has also established logistics... 

Lundin takes first steps to reopening Ecuador’s largest gold mine
The Fruta del Norte mine, in Ecuador.

Titan plans capital raising to progress Ecuador exploration

By: Marleny Arnoldi     1st June 2020 ASX-listed Titan Minerals says it has received firm commitments from investors for a placement to raise A$12-million – at A$0.065 apiece. Titan says the placement was strongly supported by existing and new domestic and offshore institutional investors.  

Monarch Gold sells Fayolle to Iamgold

By: Creamer Media Reporter      1st June 2020 Canadian gold miner Iamgold will the Fayolle property, in Quebec, from junior miner Monarch Gold for $11.50-million in a share and cash transaction. The Fayolle property consists of 39 mineral claims covering 1 373 ha in the Aiguebelle and Cléricy townships, north-east of Rouyn-Noranda.... 

Andalucía fully validates Atalaya’s Proyecto Riotinto

By: Simone Liedtke     1st June 2020 The mining permits for Aim- and TSX-listed Atalaya Mining’s wholly owned Proyecto Riotinto operation, in Spain, are now fully validated by the Junta de Andalucía. The validation of the permits ends all the legal processes previously announced by the company in relation to claims made by... 

Danakali, AFC extend funding deadline

By: Marleny Arnoldi     1st June 2020 ASX- and LSE-listed Danakali and Africa Finance Corporation have agreed on an extended deadline for Tranche 2 of AFC’s equity funding to Danakali, as a result of market and global conditions, amid Covid-19, which have impacted on the satisfaction of remaining conditions to the funding. Tranche... 

Polyus sees downside risk to 2020 guidance

By: Simone Liedtke     1st June 2020 While its operations have not been interrupted by the Covid-19 pandemic in the first quarter, Russian gold miner Polyus has said its production targets for 2020 may have to be adjusted because of coronavirus risks. The London-listed company, which on Monday reported first-quarter results,... 

Polyus sees downside risk to 2020 guidance
The Olimpiada gold mine has reported several positive Covid-19 cases.

Havilah and UniSA collaborate on REE recovery research

By: Simone Liedtke     1st June 2020 South Australia-focused Havilah Resources has entered into an initial six-month collaborative research agreement with the University of South Australia (UniSA) relating to the recovery of rare earth elements (REE) from its Kalkaroo saprolite gold ore. The research will seek to establish whether... 

Australian first-quarter gold output down 12%

By: Creamer Media Reporter      1st June 2020 Independent consulting group Surbiton Associates says Australian gold production fell by just over 10 t, or 12%, quarter-on-quarter in the three months ended March 31. Production in the quarter under review declined to 77 t from 87 in the December quarter.  

Australian first-quarter gold output down 12%

Monadelphous secures contracts worth $150m

By: Simone Liedtke     1st June 2020 Engineering company Monadelphous Group has secured a number of construction and maintenance contracts in the resources and energy sectors with a combined value of about $150-million. In the iron-ore market in the Pilbara region, the ASX-listed company has secured a contract under its existing BHP... 

Petropavlosk denies having merger talks with UGC

By: Creamer Media Reporter      1st June 2020 London-listed Petropavlovsk has denied that it is in merger discussions with its major shareholder Uzhuralzoloto Group of Companies (UGC). This follows after a major UK news agency reported that the companies are studying a potential merger in a deal that would “catapult the pair into the upper... 

Thor acquires Australian firm with US uranium and vanadium assets

By: Simone Liedtke     1st June 2020 Aim- and ASX-listed Thor Mining has acquired 100% of the shares in private Australian company, American Vanadium, which has interests in uranium and vanadium focused projects in Colorado and Utah, in the US. The exploration and development company also said on June 1 that it would pursue... 

Rio Tinto vows to review heritage approach after it blasts sacred site

By: Marleny Arnoldi     1st June 2020 Diversified miner Rio Tinto has apologised after it detonated explosives near a 46 000-year-old sacred indigenous site, in Juukan Gorge, Australia. The Puutu Kunti Kurrama and Pinikura People (PKKP) group of traditional [land] owners say the denotation of explosives 11 m away from ancient rock... 

Rio Tinto vows to review heritage approach after it blasts sacred site
The Pilbara region, in Western Australia, contains various cultural heritage sites

Indonesia processing requests for deep-sea mining waste disposal

By: Reuters     1st June 2020 Indonesian authorities are considering two companies' requests to dispose mining waste into the ocean, a senior government official said on Sunday, at a time of heightened sensitivity about the environmental impact of mining. The requests come as mining waste management is increasingly... 

Platina says Greenland palladium project in better hands with Canada's Eastern Zinc

By: Marleny Arnoldi     1st June 2020 ASX-listed Platina Resources is finalising the sale of its wholly-owned Skaergaard project, in Greenland, to Canadian company Eastern Zinc. Platina will receive C$500 000 in cash and C$7.15-million worth of shares in Eastern Zinc, upon regulatory approvals in Australia and Greenland.  

Sienna starts with third drill programme in Sweden

By: Marleny Arnoldi     1st June 2020 TSX-V-listed Sienna Resources has started a 1 000 m drill programme on its flagship Slättberg project, in Sweden. The project contains platinum-group metal (PGM), nickel and copper mineralisation that remains open at depth and along strike, as determined by Sienna’s two prior drilling campaigns... 

California borates project now fully financed

By: Marleny Arnoldi     1st June 2020 ASX-listed American Pacific Borates (ABR) has completed a placement of A$31.2-million at $0.60 apiece to institutional and sophisticated investors. About half of the placement amount was contributed by an existing international institutional shareholder of ABR.  

California borates project now fully financed

EU to revamp steel-import controls as virus-hit economy recovers

By: Bloomberg     1st June 2020 The European Union plans to revamp its steel-import restrictions to guard against major market distortions as the bloc’s economy recovers from the effects of the pandemic. The proposed changes apply to EU import curbs introduced two years ago to prevent a controversial 25% US levy on foreign... 

EU to revamp steel-import controls as virus-hit economy recovers

Chile copper output jumps again in April even as coronavirus hammers economy

By: Reuters     1st June 2020 South American mining giant Chile churned out more copper in April than the same month the previous year, according to government data released on Friday, even as measures to tame the coronavirus outbreak continued to hammer its economy. The world´s largest producer of the red metal boosted... 

In northern Brazil, iron-ore keeps flowing as Vale miners battle coronavirus

By: Reuters     1st June 2020 In late April, Evaldo Fidelis, a 35-year-old tractor operator at Vale's massive iron-ore mine in northern Brazil, came down with a dry cough. Soon, he said, six others in his crew of about 40 workers fell ill with classic symptoms of Covid-19, the respiratory illness caused by the novel... 

Ecuador explorer Solaris Gold raises C$20m

By: Creamer Media Reporter      1st June 2020 Exploration company Solaris Gold, which owns a property in Ecuador, has completed a non-brokered private placement financing raising gross proceeds of C$20-million. Solaris issued 25-million units at C$0.80 an unit, with each unit consisting of one common share and one common share purchase... 

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