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South Africa’s July Ndlovu to chair World Coal Association 

By: Martin Creamer     9th July 2020 South Africa’s July Ndlovu has been appointed the chairperson of the World Coal Association (WCA), Mining Weekly can today report. Ndlovu, who heads Anglo American’s coal business in South Africa, takes up the position at a time when, in his words, “the role of responsible coal is front and... 

South Africa’s July Ndlovu to chair World Coal Association
Photo by World Coal Association
July Ndlovu and Michelle Manook.

Minerals Council expresses deep sadness at loss of 28 colleagues to Covid  

By: Martin Creamer     9th July 2020 Minerals Council South Africa health head Dr Thuthula Balfour on Thursday expressed deep sadness at the loss of 28 colleagues to Covid-19 and stated that research was being conducted to understand what makes people particularly vulnerable to the pandemic and what can be done to prevent the... 

Minerals Council South Africa’s Covid-19 update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Record-high gold prices are in sight 

By: Bloomberg     9th July 2020 Gold prices could be set to take out their long-standing record as mounting concerns about the global economy fuel gains above $1 800/oz. Spot bullion extended its advance into a sixth day as the resurgence of the coronavirus in some parts of the world adds to concerns about a protracted global... 

Tharisa revises production guidance downward, despite strong recovery in May, June

By: Marleny Arnoldi     9th July 2020 Considering Covid-19 lockdown restrictions in the second quarter of the year, JSE-listed chrome and platinum group metals (PGMs) miner Tharisa has revised downward its production guidance for the year ending September 30. The company now expects to produce between 130 000 oz and 135 000 oz of... 

Maintenance costs cut at Kayelekera

By: Esmarie Iannucci     9th July 2020 ASX-listed Lotus Resources has reduced the care-and-maintenance cost at its recently acquired Kayelekera uranium project, in Malawi, by some 75%, as the company advances certain restart activities. Lotus on Thursday told shareholders that care and maintenance costs for the mine have been reduced... 

Solidarity urges council, govt to settle out of court to avoid both unrest and delays

By: Marleny Arnoldi     9th July 2020 Trade union Solidarity has called on the Minerals Council South Africa and the Department of Mineral Resources and Energy (DMRE) to negotiate and reach an agreement out of court around ownership and the “once empowered, always empowered” principle. This follows after the High Court ruled that... 

Shift from high- to low-carbon must be systematic and just – Mantashe 

By: Terence Creamer     9th July 2020 South Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, used the platform created by the International Energy Agency (IEA) Clean Energy Transitions Summit on July 9 to stress that South Africa’s shift form a high-carbon to a low-carbon needed to be both systematic and just. Speaking... 

Shift from high- to low-carbon must be systematic and just – Mantashe
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Clean energy should be at ‘core’ of Covid-19 stimulus plans – Guterres 

By: Terence Creamer     9th July 2020 United Nations secretary-general António Guterres appealed to governments on Thursday to place the transition from fossil fuels to clean energy at the “core” of their Covid-19 economic recovery spending. Guterres also used the platform created by the International Energy Agency (IEA) Clean Energy... 

Clean energy should be at ‘core’ of Covid-19 stimulus plans – Guterres
United Nations secretary-general António Guterres

JSE says ETFs a haven for institutional investors

By: Simone Liedtke     9th July 2020 Professional and institutional investors wishing to gain exposure to different sectors, asset classes such as equities, commodities or government bonds are being encouraged by the JSE to use exchange-traded funds (ETFs).    

JSE says ETFs a haven for institutional investors

Caledonia's Blanket mine records strong production

By: Tasneem Bulbulia     9th July 2020 Gold miner Caledonia Mining's Blanket mine, in Zimbabwe, produced about 13 499 oz of gold in the quarter ended June 30. This is an increase of about 6.2% on the 12 712 oz produced in the corresponding quarter of 2019. 

New GM appointed for FQM’s Kansanshi mine

By: Tasneem Bulbulia     9th July 2020 Anthony Mukutuma has been appointed GM of dual-listed First Quantum Minerals’ multimillion-dollar Kansanshi mine, in the Solwezi District of North Western province.  He is the first Zambian to hold the post of GM at Kansanshi, which is the largest copper mine in Africa by production. 

IronRidge completes Phase 2 drill programme at Côte d'Ivoire gold target

By: Donna Slater     9th July 2020 Aim-listed minerals exploration company IronRidge Resources reports that the initial second phase of its drilling programme at its Ehuasso gold target in Côte d'Ivoire has returned multiple high-grade and broad low-grade results from 5.9 km worth of aircore (AC) drilling, to date. The Ehuasso... 

Freeport is selling more copper than it thought in pandemic

By: Bloomberg     9th July 2020 The world’s biggest publicly traded copper company is navigating the pandemic better than it thought. Freeport-McMoRan expects to report about 8% more copper sales volume and 10% more gold in the second quarter than it forecast in April when it was first coming to grips with the implications of... 

Freeport is selling more copper than it thought in pandemic

Hulamin becomes first aluminium semi-fabricator to achieve emissions milestone

By: Donna Slater     9th July 2020 Aluminium products manufacturer Hulamin reports that it has become the first global aluminium semi-fabricator to have a greenhouse-gas (GHG) emissions target approved by the Science Based Targets initiative (SBTi).   The SBTi mobilises companies to set science-based targets and boost their... 

Rio Tinto closes NZ aluminium smelters

By: Esmarie Iannucci     9th July 2020 Major Rio Tinto on Thursday announced that it would wind down operations and eventually close the New Zealand aluminium smelters (NZAS), following the conclusion of a strategic review. The company in October last year announced a review into the future of the smelter, to determine the... 

Rio Tinto closes NZ aluminium smelters

Aboriginal groups call for Rio to lose human rights status after caves blast

By: Reuters     9th July 2020 Aboriginal and human rights groups on Thursday called for miner Rio Tinto Ltd to be stripped of its status as a human rights leader following its destruction of an Aboriginal sacred site showing evidence of 46 000 years of human habitation. With state government approval, the world's biggest... 

In copper country, they’re using the metal to fight the virus

By: Bloomberg     9th July 2020 As Chile’s giant copper mines battle to keep workers healthy in the Covid-19 pandemic, a laboratory in the country is touting the use of tiny specks of the metal to contain the spread among the general population. Santiago-based Aintech says its products are the first to make use of copper... 

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... 

Returning mineworkers, Covid-19 deaths, hydrogen roadmap make headlines  

9th July 2020 Mining Weekly Editor Martin Creamer unpacks foreign mineworkers returning to South Africa, platinum having the highest number of Covid-19 related deaths and government's hydrogen society roadmap.   

Returning mineworkers, Covid-19 deaths, hydrogen roadmap make headlines

Silver price seen rising to $21/oz by late 2020

By: Mariaan Webb     9th July 2020 Having fallen sharply in mid-March, the silver price has recovered strongly and further gains are forecast for the rest of the year, owing to the precious metal’s safe-haven status and a belief among investors that silver is undervalued in absolute terms to gold. The silver price is forecast to... 

Silver price seen rising to $21/oz by late 2020

CAML reduces Kounrad staff numbers as 27 test positive

By: Mariaan Webb     9th July 2020 UK-headquartered miner Central Asia Metals Limited (CAML) has maintained its full-year guidance from its operations in Kazakhstan and North Macedonia, despite increasing measures to reduce the spread of Covid-19 at its Kounrad operation. As the Aim-listed company enters the third quarter,... 

CAML reduces Kounrad staff numbers as 27 test positive
The Kounrad site, in Kazakhstan.

$83bn Australian pension fund to divest from thermal coal

By: Bloomberg     9th July 2020 Australia’s second-largest pension fund aims to almost halve carbon emissions across its investments within a decade as it joins global peers in mitigating the risks of climate change. First State Super said it will advocate for Australia’s economy to reduce its greenhouse gas emissions by 45%... 

Kvanefjeld by-products profitable - Greenland Minerals

By: Esmarie Iannucci     9th July 2020 By-products from the Kvanefjeld rare earths project, in Greenland, could contribute as much as $60-million in revenue annually, ASX-listed Greenland Minerals said. The company on Thursday pointed out that the Kvanefjeld deposit contained a large low-grade uranium resource, which could produce... 

IGO signs up for A$30m exploration deal

By: Esmarie Iannucci     9th July 2020 ASX-listed Antipa Minerals has inked a A$30-million farm-in agreement with metals miner Independence Group over the Paterson project, in Western Australia. Under the farm-in agreement, Independence could earn a 70% interest in a joint venture (JV). 

DevEx raises exploration funds

By: Esmarie Iannucci     9th July 2020 ASX-listed DevEx Resources has raised A$5.5-million to fast track exploration work in Western Australia and New South Wales. The company will place an initial 47.5-million shares, at a price of 10c each, to raise an initial A$4.7-million, under its existing placement capacity. A second tranche... 

Barrick alliance provides update on Japan regional programme

By: Mariaan Webb     9th July 2020 Vancouver-based junior Japan Gold and its alliance partner Barrick Gold have started regional-scale geophysical-gravity surveys in the Hokasatsu region, which is located in the largest gold-producing region in Japan. As part of the alliance’s work, regional work programmes have started on 14... 

Barrick alliance provides update on Japan regional programme

Marathon Gold has a new COO

By: Creamer Media Reporter      9th July 2020 Tim Williams, who until recently was operations chief for Chile project developer Rio2, is joining Marathon Gold as COO with effect from July 13. Williams is a professional engineer with more than 25 years of experience in mine construction and operation. He will be responsible for the... 

Codelco unions say nearly 3 000 miners infected by coronavirus, call for enhanced safety

By: Reuters     9th July 2020 Unions at Chile's Codelco, the world's largest copper producer, said on Wednesday that nearly 3 000 workers had been infected with the coronavirus, prompting renewed calls for more safety measures at the company's sprawling operations. Patricio Elgueta, president of the Federation of Copper... 

Riley gets port access

By: Esmarie Iannucci     9th July 2020 Junior Venture Minerals has inked a port access agreement for its Riley iron-ore mine, in in Tasmania, with TasPorts. Venture on Thursday said that the agreement fully secured the pathway for production from the mine gate to shipping, and effectively meant that mining could immediately start,... 

Borborema economics improves - Big River

By: Esmarie Iannucci     9th July 2020 A review into the definitive feasibility study (DFS) for the Borborema gold project, in Brazil, has reduced the project’s expected costs from the original $99.3-million to $90.7-million. ASX-listed Big River Gold on Thursday noted that the review had resulted in changes to the process design,... 

Bellevue holds A$120m capital raise to fund gold project

By: Esmarie Iannucci     9th July 2020 Gold developer Bellevue Gold has launched a fully underwritten placement to raise A$100-million to accelerate project development at its namesake project in Western Australia. A share purchase plan (SPP) will also be launched with the aim of raising a further A$20-million.  

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. 

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... 

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,... 

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... 

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... 

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... 

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