R/€ = 19.10 Change: 0.09
R/$ = 16.94 Change: 0.12
Au 1770.80 $/oz Change: -16.92
Pt 825.46 $/oz Change: -3.24

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

By: Martin Creamer     1st July 2020 Platinum group metals are in pole position to benefit from the fast-growing global decarbonisation momentum, Mining Weekly can today report. A multiplicity of global announcements are emerging daily that inextricably link platinum-catalysed hydrogen fuel cells as well as platinum-catalysed... 

AP Ventures founding partner Kevin Eggers interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Engineering News & Mining Weekly e-magazine now available

Updated 2 hours 46 minutes ago 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

Hydrogen to fuel giant mining trucks in green shift by Anglo 

By: Bloomberg     1st July 2020 Anglo American is advancing plans to convert its fleet of giant diesel-fueled mine trucks to hydrogen power as the company seeks to burnish its green credentials. More than 400 mine-haul trucks could be rebuilt to use hydrogen fuel, with a pilot project starting next year at Anglo American... 

Rio adds to board

By: Esmarie Iannucci     Updated 2 hours 28 minutes ago Diversified major Rio Tinto has added a strategy and development role to its executive committee, with Peter Toth appointed as a group executive. The new role will be focused on leading Rio’s transformation efforts around portfolio, climate change, and closure, working in partnership with the... 

RBPlat opens 200-bed field hospital to support govt in fight against Covid-19 

By: Simone Liedtke     1st July 2020 Platinum group metals miner Royal Bafokeng Platinum (RBPlat), together with the North West Department of Health has officially opened the 200-bed Royal Bafokeng Platinum Field Hospital, in Rustenburg, at a cost of about R10-million, to support government’s already overburdened resources in the... 

RBPlat opens 200-bed field hospital to support govt in fight against Covid-19

Swedish Stirling, Samancor sign MoU for clean energy tech at smelters

By: Tasneem Bulbulia     1st July 2020 Clean tech company Swedish Stirling and South African ferrochrome producer Samancor Chrome have entered into a memorandum of understanding regarding the possible installation of up to 135 PWR BLOKs at Samancor Chrome’s TC Smelter, Ferrometals and Tubatse Alloys smelters. On December 13, 2019,... 

Anglo American to buy wind power energy from Brazil's Casa dos Ventos

By: Reuters     26th June 2020 Global miner Anglo American has reached an agreement to buy 95 megawatts of wind power from Brazil's Casa dos Ventos for 20 years, starting in 2022, according to a statement issued on Thursday. Casa dos Ventos said its wind plant in the northeastern state of Rio Grande do Norte will provide... 

Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear 

By: Terence Creamer     1st July 2020 Chemicals and energy group Sasol confirmed on July 1 that the sale of its equity interest in the Republic of Mozambique Pipeline Investment Company (Rompco) and the Central Termica de Ressano Garcia gas-fired power plant, also in Mozambique, were well advanced, along with partnering discussions... 

 Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear

Arnot OpCo concludes Section 189 process affecting 1 100 employees

By: Martin Creamer     1st July 2020 Coal mining company Arnot OpCo has completed a Section 189 process, affecting 1 100 of its employees. Exxaro Resources in February entered into a transfer-of-business agreement with Arnot OpCo, transferring all its assets and liabilities to Arnot OpCo as a going concern. 

Arnot OpCo concludes Section 189 process affecting 1 100 employees
Arnot OpCo CEO Bontle Aphane

ELB’s delisting-linked offers send up share price

By: Martin Creamer     1st July 2020 The board of directors of ELB on Wednesday made delisting-linked offer to its shareholders, which saw its share price rise. By late afternoon, the JSE-listed company’s price had risen by 54.17% to R1.85 a share. The capital equipment and engineering solutions group proposed a transaction to... 

ELB’s delisting-linked offers send up share price
Photo by Creamer Media
Gamsberg zinc mine project in the Northern Cape, where ELB Engineering Services was active.

R10m Covid testing lab unveiled at De Beers' Venetia diamond mine

By: Martin Creamer     1st July 2020 De Beers Venetia Mine has unveiled a R10-million coronavirus testing laboratory that will be used to check the diamond mines’ employees and contractors for Covid-19. Discussion with the Department of Health is also under way on assisting with the government’s screening efforts in the mine’s... 

R10m Covid testing lab unveiled at De Beers' Venetia diamond mine
Limpopo MEC of Health Dr Phophi Ramathuba (left) and De Beers Group Managed Operations MD Mpumi Zikalala (right).

Katoro hosts Blyvoor JV site visit for potential financiers

By: Donna Slater     1st July 2020 Aim-listed  Katoro Gold's Blyvoor joint venture (JV) management and technical team will be conducting an extensive site visit from July 1 to 2 to accelerate progress in two key areas of project financing and its definitive feasibility study (DFS). The company announced on May 29 that as a result... 

Metso Outotec can drive industries towards responsible use of natural resources

By: Marleny Arnoldi     1st July 2020 Metso Minerals, a subsidiary of global industrial company Metso, has officially merged with Finnish-listed technology company Outotec. The merger has formed a leading process technology, equipment and services company serving the minerals, metals and aggregates industries. The combined company... 

Resgen granted trading halt as it prepares announcement

By: Donna Slater     1st July 2020 Coal miner Resource Generation (Resgen) has requested, and has been granted, a halt in the trading of its securities on the ASX and the JSE, pending the release of an announcement. Resgen currently has all permitting and licensing rights to develop a large surface coal resource at Boikarabelo... 

Bullion platinum investment at an all-time high, says WPIC

By: Marleny Arnoldi     1st July 2020 The World Platinum Investment Council (WPIC) reports that sales of platinum bullion products – retail bars and coins – surged to record highs in the first quarter of the year, with purchases totalling 312 000 oz. Annualised, this represents a rate that is five times higher than that experienced... 

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... 

Covid-19 uncertainties giving precious metals a boost

By: Donna Slater     1st July 2020 Gold has maintained its safe haven status, with prices now having reached eight-year highs at about $1 800/oz on a fresh wave of Covid-19 infections that has been reported in parts of the US, the UK and China, integrated business enterprise Mitsubishi Corporation states. It notes in its '2020... 

After taking out $1 800, gold investors focus on Fed’s next step

By: Bloomberg     1st July 2020 Fresh from cracking $1 800/pz, the global gold market wants to know what the Federal Reserve may do next to rescue the US economy, with minutes due later on Wednesday that may shed light on the central bank’s willingness to embrace yield curve control. Futures held near the highest in more than... 

After taking out $1 800, gold investors focus on Fed’s next step

Gemfields completes delisting from Bermuda Stock Exchange

By: Donna Slater     1st July 2020 Gemstone miner Gemfields has completed its delisting from the Bermuda Stock Exchange (BSX). It announced the delisting in April, stating that none of the company’s issued shares have traded on the BSX and that the BSX listing was no longer required now that Gemfields' shares were admitted to... 

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... 

Desormeaux becomes Endeavour president as Semafo deal is wrapped up

By: Mariaan Webb     Updated 16 minutes ago Benoit Desormeaux has joined the TSX-listed Endeavour Mining as president, following the completion of the company’s C$1-billion deal to create West Africa’s largest gold miner. Desormeaux was the CEO and president of Semafo, which Endeavour bought. Semafo’s CFO, Martin Milette, was set to be... 

Argonaut and Alio complete merger

By: Creamer Media Reporter      Updated 30 minutes ago Toronto-listed miner Argonaut Gold and Alio Gold have completed their business, creating a North American, diversified precious metals producing company with a strong portfolio of growth assets. “By combining Argonaut with Alio, we have created a diversified, intermediate gold producer with... 

Death toll in Myanmar landslide surges past 100

By: Reuters     Updated 34 minutes ago A landslide at a jade mine in northern Myanmar killed at least 100 people, with more feared dead, authorities said on Thursday, after a pile of mine waste collapsed into a lake, triggering a wave of mud and water that buried scores of workers. The miners were collecting stones in the jade-rich... 

Tritton beats full-year guidance

By: Esmarie Iannucci     Updated 35 minutes ago The Tritton copper project, in New South Wales, has beaten production expectations for the 2020 financial year, ASX-listed Aeris Resources said on Thursday. The company noted that production for the full year reached 25 041 t, which was some 2% above the guidance of between 23 500 t and 24 500... 

More offtake secured at Coburn

By: Esmarie Iannucci     Updated 47 minutes ago Mineral sands developer Strandline Resources has secured a binding offtake agreement for the zircon product from its Coburn project, in Western Australia. The company on Thursday said that the offtake agreement with Chilches Materials covers some 7 000 t/y of premium zircon product for the first... 

Mount Mackenzie optimised - REZ

By: Esmarie Iannucci     Updated 48 minutes ago Pit optimisation and higher gold prices have improved the economics of the Mount Mackenzie gold and silver project, in Queensland. ASX-listed Resources and Energy reported this week that on the back of an updated mineral resource estimate, and accounting for a higher gold price, the optimisation... 

Petroleum exploration approved in S Australia

By: Esmarie Iannucci     Updated 2 hours 23 minutes ago The South Australian government this week announced the successful bids for five new petroleum exploration licenses. The five licenses have a guaranteed work programme valued at a combined A$58.85-million over the next five years, Energy and Mining Minister Dan von Holst Pellekaan said. 

Equatorial supports Salt Lake raising

By: Esmarie Iannucci     Updated 2 hours 24 minutes ago Potash developer Salt Lake Potash will raise A$15-million through the placement of unsecured zero-coupon convertible notes to fund the continued development of its Lake Way project, in Western Australia. The ASX-listed miner on Thursday said that it had received firm commitments from corporate... 

MACA wins Atlas contract

By: Esmarie Iannucci     Updated 2 hours 26 minutes ago Contract miner MACA has been awarded a mining contract at Atlas Iron’s Corunna Downs mine, in the Pilbara. The mining services contract will consist of openpit mining services, including drilling and blasting, and loading and hauling, and would generate revenues of A$230-million over the... 

Metals X looking for copper buyer

By: Esmarie Iannucci     Updated 2 hours 41 minutes ago ASX-listed Metals X has announced plans to divest of its entire copper asset portfolio, including the Nifty and Maroochydore copper projects, and the Paterson exploration project. Metals X on Thursday said that issues with shareholder APAC Resources Strategic Holdings, which demanded the removal... 

Metals X looking for copper buyer

Nevada Gold Mines excelled in its first year, says Barrick

By: Creamer Media Reporter      1st July 2020 Nevada Gold Mines (NGM), established a year ago on Wednesday, has posted an exceptional performance in its first 12 months of operation, delivering real value to all its stakeholders, says Barrick CEO Mark Bristow. Canada’s Barrick operates NGM, the world’s largest gold mining complex, and owns... 

Nevada Gold Mines excelled in its first year, says Barrick
The Goldstrike mine forms part of Nevada Gold Mines.

Commodity freighters are shrugging off Covid-19. For now

By: Bloomberg     1st July 2020 The cost of moving commodities like coal and iron-ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question. Rates for giant capesize ships climbed to almost $31 000 a day on... 

BHP scales back Cerro Colorado copper mine

By: Mariaan Webb     1st July 2020 Global miner BHP is scaling back its operations at Cerro Colorado, in Chile, with resizing measures to be implemented over the next four months. These measures will result in a reduced headcount and the company has started discussions with employees and contractors. The adjusted mine plan will... 

BHP scales back Cerro Colorado copper mine
Photo by Flicker/Gabri Solera
Cerro Colorado

Vale to relocate 50 people near dams, expanding 'safety zone'

By: Reuters     1st July 2020 Brazilian miner Vale said on Wednesday it will relocate about 50 people near a series of tailings dams in the state of Minas Gerais to reflect concern that a wider area could be hit by a potential dam burst. Vale said in a securities filing that the move to expand the "safety zone" around the... 

Vale to relocate 50 people near dams, expanding 'safety zone'

Business groups say flexibility needed to implement new North American trade deal

By: Reuters     1st July 2020 US, Mexican and Canadian business groups applauded a new North American trade deal's entry into force on Wednesday, but said more work and flexibility was needed to overcome challenges including implementation of new labor and automotive rules. The US Chamber of Commerce, the Canadian Chamber of... 

Eurasia Mining puts itself up for sale

By: Mariaan Webb     1st July 2020 London-listed Eurasia Mining, which operates platinum group metals (PGM) and gold mines in Russia, has started a formal sale process under the UK Takeover Code. UBS Investment Bank in London has been appointed its leading financial adviser to assist in a review of its strategic options. The... 

Finland-focused Karelian Diamonds says Rio Tinto agreement lapses

By: Creamer Media Reporter      1st July 2020 Aim-listed Karelian Diamonds said on Wednesday that a confidentiality agreement that it entered into with Rio Tinto Mining and Exploration in 2010, had lapsed. Under the agreement, Rio Tinto has been disclosing to Karelian confidential information relating to exploration in Finland for the... 

Sylvania extends share buyback programme deadline to September

By: Simone Liedtke     1st July 2020 Aim-listed Sylvania Platinum has acquired 172 884 ordinary shares, which represents about 0.06% of the company’s issued share capital, between June 1, 2019, and June 30, this year. This relates to its planned buyback of over 1.6-million ordinary shares from all certificated non-UK shareholders... 

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