R/€ = 18.05 Change: 0.14
R/$ = 15.97 Change: 0.09
Au 1781.92 $/oz Change: 12.22
Pt 937.17 $/oz Change: -7.33

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Glencore targeting recycling step change

By: Martin Creamer     Updated 1 hour 10 minutes ago The goals of the Paris Agreement on climate change are best achieved through the circular economy, says diversified mining and marketing company Glencore, which sees recycling as being a significant means for relieving the growing burden that global decarbonisation is set to place on finite raw... 

Picture supplied by Glencore
Glencore CEO Gary Nagle

Exploration debate highlights Nema challenge  

By: Martin Creamer     3rd December 2021 The withdrawal of a portion of the National Environmental Management Act (Nema) has created a major challenge for mineral exploration in South Africa, the Industrial Development Corporation (IDC) co-sponsored exploration webinar heard on Thursday. Taking part in the panel discussion under... 

IDC co-sponsored webinar covered by Mining Weekly.

Pan African to list on the A2X

By: Tasneem Bulbulia     Updated 1 hour 33 minutes ago Gold producer Pan African Resources has been approved for a secondary listing on South African stock exchange A2X Markets, bringing the number of instruments available for trade on the A2X to 58. Pan African’s ordinary shares will become available for trade on the stock exchange from December 13. 

Sedibelo appoints Lael Bethlehem as chief ESG officer

By: Tasneem Bulbulia     Updated 4 hours ago Midtier platinum group metals producer Sedibelo Platinum Mines has appointed Lael Bethlehem senior executive responsible for environmental, social and governance (ESG) affairs with immediate effect. She will have direct responsibility for Sedibelo’s renewable energy drive and the decarbonisation... 

An image of Sedibelo Platinum Mines chief ESG officer Lael Bethlehem
Lael Bethlehem

Weekly SA Coal Report

Updated 3 hours ago It was a generally bearish and volatile week for coal, as warmer weather in Europe exerted downwards pressure on gas and power prices. However, Chinese domestic prices have held up well. Chinese central planners are looking to raise the benchmark price for thermal coal to 700 yuan (circa $110/mt)... 

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Thungela outlines healthy performance in first year of listing

By: Marleny Arnoldi     Updated 1 hour 53 minutes ago Coal miner Thungela Resources has, since its listing on June 7, experienced a period of rail constraints in South Africa, as well as logistical constraints in China, Russia, Indonesia and Colombia. The company expects its export sellable production for the 2021 financial year to be just under... 

A Thungela Resources coal mine
A Thungela Resources coal mine

Venetia’s transition to underground mine about 54% complete, says De Beers 

By: Simone Liedtke     3rd December 2021 Diamond miner De Beers Group’s $2.2-billion Venetia Underground Project (VUP) is nearing 54% completion. The VUP is designed to transition the mine from an openpit to an underground operation and, in so doing, extend the mine life by 23 years to 2046. 

Pic of Venetia's underground project

Kefi positive that end of Ethiopian conflict is near, bodes well for project progress

By: Simone Liedtke     Updated 1 hour 53 minutes ago Aim-listed Kefi Gold and Copper is confident that peace will soon be restored to Ethiopia, following intensified diplomatic efforts and mediation now backed by the African Union (AU), the United Nations (UN) and major world powers. As previously reported, following the taking of office in... 

Congo replaces head of Gecamines for first time in decade

By: Bloomberg     Updated 1 hour 36 minutes ago Democratic Republic of Congo’s President Felix Tshisekedi named Alphonse Kaputo Kalubi as chairman of Gecamines, the State-controlled copper and cobalt mining company. Kalubi replaces Albert Yuma who served for more than 10 years at the helm of a company that’s key to mining in Congo, the... 

Nersa ordered by court to decide Eskom’s 2022/23 tariff by Feb 25 

By: Terence Creamer     3rd December 2021 Judge Jody Kollapen has ordered that Eskom’s revenue application for the 2022/23 financial year be decided by the National Energy Regulator of South Africa (Nersa) by February 25 and that it be adjudicated in line with the multiyear pricing determination (MYPD) methodology published in 2016. The... 

Eskom presenting at a previous revenue application hearing
Photo by Creamer Media
Eskom presenting at a previous revenue application hearing

Sibanye confirms death of four employees

By: Simone Liedtke     3rd December 2021 JSE- and NYSE-listed Sibanye-Stillwater has confirmed that four employees had been killed in two separate incidents on December 3. At about 02:30, a colleague at the Khuseleka shaft, at the Rustenburg operations, passed away in a fall-of-ground incident which occurred while he was barring down... 

Global nickel smelting rebounds as Sudbury operations restart

By: Reuters     Updated 31 minutes ago Global nickel smelting activity rebounded in November, powered by gains in North America and Europe, while refined copper production dipped, data from satellite surveillance showed on Monday. Nickel output climbed due to the restart of Vale's Sudbury smelter in Canada while the easing of a power... 

Gold holds advance as virus adds to risks for global growth

By: Bloomberg     Updated 38 minutes ago Gold held onto Friday’s gain amid risk-off sentiment as investors weigh mixed labor data from the US, the Federal Reserve’s hawkish tilt and the threat of the omicron variant. Data Friday showed US job growth registered its smallest increase this year while the unemployment rate fell by more... 

Solidarity suggests Sibanye should undergo business rescue

By: Simone Liedtke     Updated 55 minutes ago Trade union Solidarity has suggested that precious and battery metals producer Sibanye-Stillwater should “place itself under voluntary business rescue” after the mining house said it would not put a contingency plan in place to prevent retrenchments. Sibanye and labour unions in South Africa have... 

Belo Sun’s Volta Grande selected as ‘strategic’ project

By: Creamer Media Reporter      Updated 2 hours 46 minutes ago The Brazilian government has selected the TSX-listed Belo Sun’s Volta Grande gold project for its investment partnership programme (PPI), which supports projects that are deemed as strategic mineral projects for the country. The programme was created last year to support companies involved in... 

Teck cuts Q4 coal sales guidance, says copper shipments also at risk

By: Mariaan Webb     Updated 2 hours 58 minutes ago Diversified miner Teck Resources has reduced its fourth-quarter coking sales guidance by up to 1.2-million tonnes and has warned that 4 500 t of contained copper in concentrate sales are also at risk of being delayed into the first quarter, owing to severe weather impacts in British Columbia.... 

An image of a CN Rail wagon

American Rare Earths welcomes new shareholder

By: Esmarie Iannucci     Updated 3 hours ago Investor Fidelity International has taken a 9.9% stake in ASX-listed American Rare Earths, subscribing for 41.1-million in the junior company, for an investment of A$6.1-million. The share placement will be conducted at a price of 14.8c a share, representing a 4.5% discount to American Rare... 

Andromeda eyes deepwater port at Cape Hardy

By: Esmarie Iannucci     Updated 3 hours ago SX-listed Andromeda Metals has entered into a memorandum of understanding (MoU) with fellow-listed Iron Road over the development of a deep, multi-commodity port at Cape Hardy, in South Australia. The MoU would allow Andromeda to investigate options to establish an export facility at Cape Hardy... 

MRL to develop autonomous trains for the Pilbara

By: Esmarie Iannucci     Updated 3 hours ago Mining services provider Mineral Resources (MRL) will form a partnership with autonomous solutions provider Hexagon to develop an autonomous road train solution as part of its mining services infrastructure supply chain solution that is key to unlocking stranded tonnes in the Pilbara. MRL said... 

White Rock to raise exploration funds

By: Esmarie Iannucci     Updated 6 hours ago Junior White Rock Minerals will raise A$11-million through a share placement and a non-renounceable entitlement offer to fund exploration at its Woods Point gold project, in Victoria. The ASX-listed company would place more than 9.3-million shares to institutional and sophisticated investors,... 

Dacian completes capital raise

By: Esmarie Iannucci     Updated 6 hours ago Gold miner Dacian Gold has completed its A$20-million equity raising, which was announced last week. The ASX-listed miner on Monday said the share placement had been well supported by existing and new institutional shareholders, with 117.6-million new shares to be issued, at a price of 17c each. 

Miners welcome Indigenous Roadmap

By: Esmarie Iannucci     Updated 6 hours ago The Minerals Council of Australia (MCA) has welcomed the release of the National Roadmap for Indigenous Skills, Jobs and Wealth Creation, saying it establishes a collaborative pathway to further unlock First Nations excellence and aspiration in the national economy. The Roadmap provides a... 

Image shows a number of mining boots

APA plans for hydrogen in Victorian grid

By: Esmarie Iannucci     Updated 6 hours ago Energy infrastructure business APA Group has unveiled plans to introduce hydrogen into the Victorian gas transmission system. The company on Monday said that it would safely blend hydrogen as part of its Victorian Transmission System access agreement submission to the Australian Energy Regulator... 

GGG looking for options outside of Kvanefjeld

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed Greenland Minerals (GGG) has appointed Daniel Mamadou as MD to start a strategic review of its assets, after the Greenland government in November banned uranium mining, impacting GGG’s Kvanefjeld rare earths project. The company on Monday said that it would ‘broaden its project... 

GGG looking for options outside of Kvanefjeld

FFI strikes a deal with Canadian First Nations

By: Esmarie Iannucci     Updated 6 hours ago Green energy developer Fortescue Future Industries (FFI) has signed memoranda of understandings (MoUs) with three Indigenous Nations in Canada, to collaborate on green hydrogen projects in the region. FFI signed MoUs with the Lheidli T’enneh First Nation in British Columbia; members of the... 

PGI notes uptick in consumer sentiment for precious jewellery in most markets

By: Simone Liedtke     3rd December 2021 Expected spending on precious jewellery has increased year-on-year, with the average expenditure on precious jewellery having grown in the third quarter, compared with the same quarter the previous year. This was supported by double-digit increases in the average expected self-buying of... 

Zinc prices seen solid over European winter on likely smelter shutdowns

By: Reuters     3rd December 2021 Zinc prices are due to remain firm over coming months on the potential for soaring power costs causing more disruptions at smelters, keeping supply and inventories tight. Benchmark zinc prices on the London Metal Exchange have shed about a fifth since surging to a 14-year peak in mid-October... 

Trevali wraps up Santander sale

By: Creamer Media Reporter      3rd December 2021 Vancouver-headquartered Trevali has closed the transaction with Cerro De Pasco Resources (CDPR) to sell its Santander mine, in Peru. The TSX-listed miner said on Friday it had received ten-million shares of CDPR, C$1-million in cash and a 1% net smelter return royalty on certain areas of the... 

South Deep builds, equips science lab at Westonaria school

By: Creamer Media Reporter      3rd December 2021 Gold miner Gold Fields' South Deep Mine has built and equipped a science laboratory at the TM Letlhake Secondary School, at Simunye, in Westonaria. Westonaria, on the West Rand, is the municipality in which South Deep is located. TM Letlhake is the only secondary school in the area and is... 

Gold set for third weekly loss as faster tapering talks weigh

By: Reuters     3rd December 2021 Gold prices were set for their third straight weekly loss despite being steady on Friday, as US Federal Reserve Chair Jerome Powell's comments that pandemic-era asset purchases could end sooner than previously anticipated dented bullion's appeal. Spot gold was up 0.1% at $1 770.80 per ounce by... 

Akobo proud of having been shortlisted for ESG award

By: Creamer Media Reporter      3rd December 2021 Exploration company Akobo Minerals was shortlisted as Environmental, Social and Governance (ESG) Explorer/Developer Mining Company of the Year at this week’s Mines & Money London, the premier European forum for mining investment and capital raising. Organisations were considered based on how well... 

BHP extends Noront offer expiry by another month

By: Mariaan Webb     3rd December 2021 Diversified miner BHP has extended the expiry of its offer for Canadian nickel and copper developer Noront Resources by a month to January 14. This is to allow for more time to progress discussions with Australian billionaire Andrew Forrest’s Wyloo Metals regarding its support for BHP’s C$0.75 a... 

MMG to cease production at Peru copper mine

By: Mariaan Webb     3rd December 2021 Hong Kong-listed MMG will start winding down mine operations at the Las Bambas copper mine, in Peru, and production will cease by the middle of this month, the company said on Friday. This comes as transport to and from the mine remains restricted, owing to community blockades on public roads in... 

An image of the Las Bambas operation
Las Bambas is one of the world's biggest copper mines.

Coal India auction to non-power sector up sharply

By: Reuters     3rd December 2021 State-run Coal India auctioned 3.2-million tonnes of coal exclusively for the non-power sector in November, a senior company official said, more than five times the volume auctioned a year earlier and about eight times the allocation in September. Coal India had temporarily paused auctions of... 

Billionaire Adani’s disputed mine shows ditching coal isn't easy

By: Bloomberg     3rd December 2021 Billionaire Gautam Adani’s coal mine in Australia, a project that’s become a global emblem for opposition to fossil fuels, is preparing to begin exports after more than a decade of bitter dispute over its development. Proposed in 2010 and stalled by legal challenges, financing setbacks and a... 

London copper falls on fears of Sino-US tensions, China inventory glut

By: Reuters     3rd December 2021 London copper eased on Friday, hit by Asian stock markets turning risk averse on concerns over Sino-US ties after ride-hailing giant Didi announced delisting in New York and signs of rising inventories in top consumer China. Three-month copper on the LME was down 0.5% at $9 460.5 a tonne, as of... 

Kenmare appoints Andrew Webb as chairperson designate

By: Simone Liedtke     3rd December 2021 LSE-listed Kenmare Resources has appointed Andrew Webb nonexecutive director and chairperson designate. Webb was appointed to the board on December 2 and is expected to succeed Steven McTiernan as chairperson. McTiernan will step down from the board following the company’s 2022 annual general... 

Hochschild spin-off Aclara to start trading next week

By: Mariaan Webb     3rd December 2021 Rare earths junior Aclara Resources, a spinoff from Hochschild Mining, has been approved for a listing on the TSX and expects to begin trading on the bourse on December 10, it said on Thursday. Aclara will issue 35-million shares of the company at C$1.70 each for gross proceeds of C$59.5-million. 

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