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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.

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

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. 

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... 

Senex adjusts production, sets more gas for domestic market

By: Esmarie Iannucci     26th May 2020 ASX-listed Senex Energy on Tuesday said that it has reached an agreement with Gladstone Liquefied Natural Gas (GLNG) to re-direct around 1 PJ of natural gas from the Roma North project to the domestic market. Senex told shareholders that the company would market the natural gas, along with... 

Titan launches Core Gold review, flags asset sale

By: Esmarie Iannucci     26th May 2020 ASX-listed Titan Minerals has launched a strategic review into the assets of newly acquired Core Gold, flagging the potential divestment of its Peruvian and non-core gold assets. Core Gold has been delisted from the TSX:V exchange since Titan’s acquisition of the Canadian company, with Titan now... 

New Century takes aim at Vale Goro nickel/cobalt mine

By: Esmarie Iannucci     26th May 2020 Base metals miner New Century Resources has struck an exclusivity agreement with major Vale to negotiate the purchase of a 95% interest in the issued shares of Vale Nouvelle-Caledonie (VNC), which owns the Goro nickel and cobalt mine, in New Caledonia. Vale said on Tuesday that the negotiations... 

New Century takes aim at Vale Goro nickel/cobalt mine

Sierra Metals seeks consent to reopen Peru mine

By: Mariaan Webb     26th May 2020 TSX-listed Sierra Metals is seeking consent to reopen its Yauricocha mine, given its remote location and implementation of strict health protocols. Peru has extended its state of emergency and a nationwide lockdown to fight the Covid-19 pandemic until June 30, but President Martin Vizcarra has... 

Sierra Metals seeks consent to reopen Peru mine
Luis Marchese will become CEO of Sierra Metals on June 1.

Focus sells half of its Kwyjibo REE project to Quebec

By: Creamer Media Reporter      26th May 2020 Exploration company Focus Graphite has completed a definitive asset purchase agreement for the sale of the company’s 50% interest in the Kwyjibo rare-earth elements project to Investissement Québec for C$7.24-million. The Kwyjibo property consists of 116 map-designated claims covering an area of... 

Spearmint’s new project borders ‘world-class’ PGM deposit

By: Creamer Media Reporter      26th May 2020 Vancouver-headquartered Spearmint Resources has acquired a new project prospective for platinum group metals (PGMs) just north of Thunder Bay, Ontario. The 2 500 acre Escape Lake North project directly borders Clean Air Metals’ Thunder Bay North PGM deposit, which hosts 9.8-million tonnes of 2.3... 

BHP pledges A$3.3m to Aboriginal health services

By: Esmarie Iannucci     26th May 2020 Diversified miner BHP will invest more than A$3.3-million in funding through its Vital Resources Fund to Aboriginal and Torres Strait Islander controlled community health services across Australia, as part of new partnerships established to support communities through the Covid-19 pandemic.... 

CRU warns most commodities have further to fall

By: Mariaan Webb     25th May 2020 As the economic fallout of governments’ responses to the Covid-19 pandemic is starting to be counted, commodity market analyst CRU has warned that the repercussions will be significant and that most commodities prices have not yet reached the bottom. The coronavirus crisis has affected all... 

CRU warns most commodities have further to fall
The steelmaking value chain continues to favour iron-ore miners as prices remain elevated.

Richards Bay titanium dioxide plant construction awaits Level 1 to restart

By: Marleny Arnoldi     25th May 2020 KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Nomusa Dube-Ncube has confirmed that the Richards Bay Industrial Development Zone will forge ahead with construction of a titanium dioxide plant as soon as the lockdown reached Level 1. Dube-Ncube says that the directors... 

Renewables associations call for green hydrogen focus in upcoming EU plans

By: Marleny Arnoldi     25th May 2020 Ten solar and wind associations, along with industry leaders, have launched a joint initiative − Choose Renewable Hydrogen − and are calling for the European Commission to prioritise renewable green hydrogen in its upcoming recovery and strategy decisions. The initiative aims to highlight the... 

Northern Dynasty welcomes road transport plan for Pebble

By: Mariaan Webb     25th May 2020 The US Army Corp of Engineers (USACE) has confirmed that an all land-based transport plan to connect the proposed Pebble mine, in Alaska’s Bristol Bay, to a port site is the preferred development scenario for the project. The USACE selected the land-based transport plan as the “least... 

Northern Dynasty welcomes road transport plan for Pebble
The Pebble deposit, in Alaska.

M&R says order book remains healthy, despite delayed projects

By: Marleny Arnoldi     25th May 2020 JSE-listed engineering and construction group Murray & Roberts (M&R) says few of its projects have continued with little or no disruption as a result of Covid-19-related suspensions and restrictions. As a result, the company is reasonably certain that its earnings per share (EPS) for the... 

Barrick settles North Mara land claims disputes through Tanzanian government partnership

By: Donna Slater     25th May 2020 Gold miner Barrick Gold Corporation reports that it has settled the majority of historical land disputes associated with its Tanzania-based North Mara operation, in addition to paying the first tranche of the $300-million settlement it agreed with the Tanzanian government to resolve the disputes... 

Nordic investors turn up heat on coal in climate campaign

By: Reuters     25th May 2020 Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow. Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), last week excluded... 

China steel body, producers call for domestic iron-ore output boost

By: Reuters     25th May 2020 China's steel association and major steelmakers have called for an increase in domestic iron ore production as well as greater investment in exploration overseas to ensure supplies. He Wenbo, chairman of the China Iron & Steel Industry Association (CISA), recommended at the Chinese People's... 

Gran Colombia walks away from Guyana Goldfields, terminates Gold X deal

By: Mariaan Webb     25th May 2020 Canadian miners Gran Colombia and Gold X Mining’s plans for a new Latin American gold champion fell through on Monday, as Gran Colombia announced that it had walked away from the acquisition of Guyana Goldfields. Guyana Goldfields has rejected Gran Colombia’s acquisition proposal and instead... 

Gran Colombia walks away from Guyana Goldfields, terminates Gold X deal
Guyana Goldfields' Aurora mill.

Workers at China Moly's Congo mine end one-day strike over Covid-19

By: Reuters     25th May 2020 Workers at China Molybdenum's Tenke Fungurume Mining (TFM) mine in Democratic Republic of Congo ended a one-day strike on Sunday after agreeing a compromise with management over compensation for working in isolation for two months due to COVID-19. The Chinese mining firm placed the TFM copper and... 

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