https://www.miningweekly.com
R/€ = 17.12 Change: -0.15
R/$ = 16.79 Change: -0.26
Au 1739.40 $/oz Change: -65.81
Pt 853.00 $/oz Change: -23.90
 
Close

Email me free daily news

Email address

Good-to-do R2.5bn Mogale Gold project an all-round win-win – Pan African  

By: Martin Creamer     Updated 1 hour 30 minutes ago If Pan African Resources is able to work with all stakeholders to get the long-life, high-margin, safe and sustainable R2.5-billion Mogale Gold surface tailings project going, it will be to the benefit of its business, local communities and the entire Mogale area. “It’s the sort of project that's... 

Pan African CEO Cobus Loots interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

TFR offers deed of amendment to lift force majeure on coal exporters

By: Schalk Burger     6th July 2022 State-owned Transnet Freight Rail (TFR) is encouraging coal export parties to sign a deed of amendment for the remaining term of a long-term agreement, which expires in March 2024, to lift its force majeure on them, which was declared owing to a severe shortage of operational locomotives.... 

Coal being transported to port by TFR

Cable theft disrupts coal deliveries by rail to Majuba power station

By: Schalk Burger     Updated 1 hour 23 minutes ago Cable theft has critically constrained the delivery of coal by rail to the Majuba power station, as the portion of the rail network owned by State-owned power utility Eskom that feeds directly into Majuba has been severely damaged by the theft of overhead cables and critical overhead track... 

Gold teeters above $1 800 as lower yields counter dollar strength

By: Reuters     4th July 2022 Gold inched higher in choppy trade on Monday, as weakness in Treasury yields kept prices above the $1 800 mark and marginally outweighed pressure stemming from an elevated US dollar. Spot gold was up 0.1% at $1 811.76/oz, as of 05:44 GMT. US gold futures rose 0.7% to $1 813.70. Bullion prices... 

NPC calls for declaration of ‘energy emergency’ to facilitate rapid building of generation and storage over 24 months 

By: Terence Creamer     Updated 7 hours ago The National Planning Commission (NPC) has called for the declaration of an ‘energy emergency’ to override any red tape currently preventing the construction of new electricity capacity, as well as to make it possible to build 10 000 MW of new generation and 5 000 MW of new storage capacity over... 

Wind and solar installations

BlueRock signs loans note subscription agreement for £1.6m

By: Tasneem Bulbulia     Updated 6 hours ago Aim-listed BlueRock Diamonds has signed a loan note subscription agreement with Teichmann Company, T-Three-Drilling and three Teichmann employees, for an aggregate £1.6-million. Under the subscription agreement, BlueRock will initially issue a £1-million simple loan note (SLN) to Teichmann... 

Deep-South says final hearing over Haib copper licence to be held early in Oct

By: Marleny Arnoldi     Updated 6 hours ago Dates for the final hearing between TSX-V-listed Deep-South Resources and the Namibian Ministry of Mines and Energy has been set for October 3 and 4. During a case management meeting on June 30, which served to prepare for the final hearing, the High Court of Namibia ordered Deep-South’s... 

Worley acquires Australian sustainable mining solutions company

By: Marleny Arnoldi     Updated 2 hours 14 minutes ago Global engineering, procurement and construction provider Worley has acquired technical solutions provider Minera Mining Technology. The two companies have a long-standing relationship in having worked together several times in the last 16 years.  

Platinum demand to benefit from green hydrogen uptake in aviation

By: Marleny Arnoldi     Updated 3 hours ago Sustainable aviation fuels (SAFs) based on renewable energies and green hydrogen are the way of the future for sustainable flying, says Siemens Energy, which has partnered with energy supplier Uniper, petrochemicals company Sasol and aircraft manufacturer Airbus to launch the Green Fuels Hamburg... 

Barrick highlights sustainable value creation at Kibali in the DRC

By: Tasneem Bulbulia     Updated 6 hours ago NYSE- and TSX-listed Barrick Gold says the Kibali gold mine’s investment in the Democratic Republic of Congo now exceeds $4-billion and has created a “thriving regional economy in a remote part of the country through partnering with and mentoring local entrepreneurs, uplifting host communities... 

Akobo Minerals secures first phase of Segele project financing

By: Tasneem Bulbulia     Updated 6 hours ago Scandinavian gold exploration and boutique mining company Akobo Minerals has secured a convertible loan of NKr49.18-million, or about $5-million, to fund the first phase of the Segele mining operation in Ethiopia. The remaining $7-million for the final phase of the project is contemplated to be... 

Cora completes, submits ESIA for Mali project

By: Tasneem Bulbulia     Updated 5 hours ago Aim-listed Cora Gold has completed and formally submitted its environmental- and social-impact assessment (ESIA) for its flagship Sanankoro gold project, in Mali, to the authorities for approval. The ESIA was completed by environmental consultants Digby Wells Environmental in alignment with the... 

Automakers ramping up investments into upstream nickel, cobalt

By: Darren Parker     Updated 5 hours ago Market research firm Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says automakers are increasing their upstream investments and supply contracts to secure enough battery metals, such as lithium, cobalt and battery-grade nickel, to drive forward their respective electric... 

Lithium ion batteries

Bridgestone Southern Africa appoints Carl Martins as mining services executive manager

By: Schalk Burger     Updated 5 hours ago Tyre and mobility multinational Bridgestone Southern Africa has appointed Carl Martins as Mining Services executive manager with effect from July 1. His priority will be to ensure Bridgestone delivers value to its customers in the mining sector, as well as the surrounding communities. 

Bridgestone Southern Africa mining services executive manager Carl Martins
Bridgestone Southern Africa mining services executive manager Carl Martins

Iron-ore hits 2022 low

By: Reuters     Updated 6 hours ago Iron-ore slumped on Wednesday to its lowest level this year in Singapore as China faces fresh Covid-19 flare-ups in several areas including Shanghai, stoking concerns over further lockdowns in the world's biggest steel producer. Growing prospects of a global recession also weighed on most... 

Iron-ore hits 2022 low

Copper crash deepens as recession fears dominate metals trading

By: Bloomberg     6th July 2022 Copper extended a sharp retreat after the economic bellwether suffered one of its worst days since the depths of the pandemic in 2020 on growing fears of a global recession. Investors are fretting over a range of threats to demand, from Europe’s gas crisis to a US slowdown and renewed virus... 

Copper crash deepens as recession fears dominate metals trading

Canada Nickel mineral resources grow larger with more nickel finds

By: Marleny Arnoldi     Updated 1 hour 32 minutes ago TSX-V-listed Canada Nickel Company has more than doubled the measured and indicated mineral resources of its Crawford nickel sulphide project, in Ontario, to 1.43-billion tonnes grading 0.24% nickel. The updated mineral resource estimate (MRE) for the project, which was published on July 6, was... 

NMG feasibility study reveals attractive economics for integrated graphite projects

By: Tasneem Bulbulia     Updated 1 hour 35 minutes ago NYSE- and TSXV-listed Nouveau Monde Graphite's (NMG's) feasibility study for its integrated business operation, comprising of the Phase-2 Matawinie mine and Bécancour battery material plant projects, has demonstrated strong economics for NMG’s model. This comes as the battery and electric vehicle... 

NMG feasibility study reveals attractive economics for integrated graphite projects

Scully Royalty puts $4m into Labrador Iron Mines

By: Mariaan Webb     Updated 1 hour 51 minutes ago NYSE-listed merchant bank Sculley Royalty has made a $4-million strategic investment in OTC-listed Labrador Iron Mines (LIM) and will collaborate with the company to advance the Houston project with the aim of delivering a preliminary feasibility study (PFS) next year. “Sculley’s strategic... 

Resources Watch 

Updated 5 hours ago This week: Mine haulage transition to electric offered without disruption; and, Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90% 

Resources Watch

Anglo Asian portfolio pivoting towards copper

By: Mariaan Webb     6th July 2022 The Azerbaijan Parliament has ratified amendments to Anglo Asian’s production sharing agreement, granting the company three new contract areas over a combined area of 882 km2. The Parliamentary ratification legally granted the company the three new contract areas that it was awarded in September... 

Savannah's Portugal lithium project subject to additional EIA step

By: Mariaan Webb     6th July 2022 London-listed lithium developer Savannah Resources lost more than a third of its value on Wednesday, as the company announced the departure of CEO David Archer and said that the Barroso lithium project, in Portugal, faced an additional environmental licensing step. Agência Portuguesa do Ambiente... 

Savannah's Portugal lithium project subject to additional EIA step

Gandel starts compulsory acquisition of Alliance shares

By: Esmarie Iannucci     6th July 2022 ASX-listed Gandel Metals has started with the compulsory acquisition of the remaining shares in fellow-listed Alliance Resources, after gaining a 94.34% interest in the takeover target at the end of the takeover offer period, which closed on July 4. Gandel earlier this year launched an 18c a... 

Gruyere on target - Gold Road

By: Esmarie Iannucci     6th July 2022 Gold miner Gold Road Resources on Wednesday noted preliminary production results from the Gruyere joint venture (JV) in Western Australia, found that some 85 676 oz of gold was produced in the June quarter, compared with the 71 135 oz produced in the March quarter. Some 2.4-million tonnes of ore... 

Paramount strengthens board as it approaches Grassy Mountain permitting

By: Mariaan Webb     6th July 2022 US-based mineral developer Paramount Gold has appointed mining engineer Samantha Espley to its board as independent director. Espley is currently as a senior executive adviser for Stantec Engineering and recently as a corporate director with Vale, the world’s biggest nickel and iron-ore producer. 

Judge allows Sandfire’s Black Butte development to continue

By: Mariaan Webb     6th July 2022 Copper miner Sandfire Resources’ US subsidiary has welcomed the District Court’s decision to allow it to continue with its development of the Black Butte copper project, in Montana. The court on Tuesday issued an order on remedies that would allow Phase 1 construction of Black Butte to be... 

Rio2’s Fenix EIA not approved

By: Mariaan Webb     6th July 2022 The environmental impact assessment (EIA) for the Fenix gold project, in Chile, has failed to win the support of a regional evaluation commission, which includes 12 governmental institutions, TSX-V-listed Rio2 reported on Tuesday. The company, which believes its project fulfils the applicable... 

Black Dragon starts WA gold hunt

By: Esmarie Iannucci     6th July 2022 Junior Black Dragon Gold Corp has started its hunt for gold in Western Australia with the acquisition of the Padbury and Ivan Well gold projects. The ASX-listed company on Wednesday announced the acquisition of privately-held Marlee Gold, saying it was a key part of its strategic growth plan to... 

Mayur signs magnetite offtake for Orokolo Bay

By: Esmarie Iannucci     6th July 2022 ASX-listed Mayur Resources has inked a binding offtake agreement for magnetite product from its Orokolo Bay iron and industrial sands project, in Papua New Guinea. The offtake agreement covers some 300 000 t/y of magnetite product over a three-year period, with an option to extend another year,... 

Wiluna changes leadership

By: Esmarie Iannucci     6th July 2022 Gold miner Wiluna Mining has announced the immediate resignation of executive chairperson Milan Jerkovic, and the appointment of Rowan Johnston as interim non-executive chairperson. Michael Monaghan has been appointed as acting CEO, with Robert Ryan appointed as acting COO. 

Tomingley hits targets in 2022

By: Esmarie Iannucci     6th July 2022 The Tomingley gold operation, in New South Wales, has exceeded production expectations for the 2022 financial year, ASX-listed Alkane Resources reported on Wednesday. Gold production at Tomingley reached 66 804 oz during the full year ending June, which was above the guidance of between 55 000... 

Galileo raises A$20.4m for exploration

By: Esmarie Iannucci     6th July 2022 Junior Galileo Mining will raise A$20.4-million in a share placement to sophisticated and institutional investors to fund exploration work at its Callisto palladium/nickel discovery, in Western Australia. Some 170-million shares will be placed, at a price of A$1.20 a share under Galileo’s... 

Image shows currency

Appea pledges help to extend ADGSM

By: Esmarie Iannucci     6th July 2022 The Australian Petroleum Production & Exploration Association (Appea) this week said that the oil and gas industry would work with the federal government on consultation to extend the Australian Domestic Gas Security Mechanism (ADGSM) until 2030. Minister for Resources and Northern Australia... 

Just Transition Framework means South Africa can ‘proceed apace’ with $8.5bn partnership 

By: Terence Creamer     5th July 2022 President Cyril Ramaphosa says the publication of the Just Transition Framework will enable South Africa to “proceed apace with harnessing the benefits” of the Just Energy Transition Partnership concluded with the US, the UK, Germany, France and the European Union in late 2021. The partnership... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Advisory firms find only benefits to Mason, Nouveau Monde JV

By: Marleny Arnoldi     5th July 2022 Independent proxy voting advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have advised Canadian corporation Mason Graphite shareholders to vote in favour of the option and joint venture agreement (JV) intended with NYSE-listed Nouveau Monde Graphite (NMG), as well as a... 

Metals extend losses as global recession fears damp outlook

By: Bloomberg     5th July 2022 Copper fell to the lowest level in 17 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities. Sentiment remains sour for the industrial materials used in everything from construction to new energy vehicles. Copper, widely considered an... 

Alphamin achieves record quarterly output, declares dividend

By: Tasneem Bulbulia     5th July 2022 TSX-V- and AltX-listed Alphamin Resources achieved record quarterly tin production of 3 180 t from its high-grade operation in the Democratic Republic of Congo (DRC) for the three months ended June 30. Output was 4% higher than that produced in the quarter ended March 31. 

Exciting listing on JSE’s AltX poised to give investors pure copper play  

By: Martin Creamer     5th July 2022 The reverse listing of Big Tree Copper into SHiP Copper Company on the AltX of the Johannesburg Stock Exchange in October is expected to raise between R60-million to R250-million for the ramping up of combined production to 10 000 t of copper a year in the next three years. SHiP, run by Shirley... 

Big Tree Copper CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer.

Latest News  by  

more

Company Post

more

Latest Videos and Audio

Good-to-do R2.5bn Mogale Gold project an all-round win-win – Pan African

Resources Watch

Exciting listing on JSE’s AltX poised to give investors pure copper play

On-The-Air (01/07/2022)

Mine haulage transition to electric offered without disruption

Energy export, Pan African, Orion make headlines

Magazine round up | 01 July 2022

Resources Watch

more

Services News

Consulting Engineers

Contract mining

Crushing and Screening

Drilling and Tunnelling

Earthmoving

Energy Services

Explosives

Furnaces and Kilns

Material Handling

Opencast/Quarries

Pumps

Valves

Company Announcements

more

Research Reports

Projects

Press Office

more

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now