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RBPlat declares R1.5bn dividend on record first-half performance

By: Martin Creamer     Updated 2 hours 56 minutes ago Platinum group metals (PGM) mining company Royal Bafokeng Platinum (RBPlat) has declared a R1.5 billion interim dividend in addition to the R482.3 million buy-back and redemption of a portion of its convertible bonds on the back of a record performance in the six months to June 30. RBPlat... 

Creamer Media picture of Steve Phiri
Photo by Creamer Media
RBPlat CEO Steve Phiri

Southern Africa part of Germany’s platinum-boosting green hydrogen strategy  

By: Martin Creamer     2nd August 2021 Green hydrogen, which can be generated and then used with the help of Southern Africa’s platinum group metals (PGMs), is a topic that has gained a lot of importance in recent months in the context of limiting global warming and meeting the world’s decarbonisation goals. In Germany, the increased... 

Green Hydrogen Atlas Africa data validation workshop covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Tshiamiso Trust has paid out R9m so far  

By: Marleny Arnoldi     2nd August 2021 The Tshiamiso Trust, which was established to disburse compensation funds to mineworkers who contracted silicosis in South Africa’s gold mining sector, has successfully paid the first group of more than 100 compensation settlements to claimants following earlier pilot payments to test its system.... 

Other procurement plans not affected by RMIPPPP deadline delay to end Sept – DMRE 

By: Terence Creamer     2nd August 2021 The deadline for projects selected as preferred bids under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) to reach commercial close has been extended to September 30, from an initial deadline of the end of July. However, the Department of Mineral Resources and... 

Photo of Minister Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Minister Gwede Mantashe announced the initial end-July commercial-close deadline on March 18

Coal-reliant South Africa is turning to gas power

By: Bloomberg     Updated 2 hours 1 minute ago Power failures have become routine in South Africa. At the same time, the country wants to wean itself off the coal that generates more than 80% of its electricity and makes it the world’s ­twelfth‑biggest source of greenhouse gases. Most of South Africa’s power stations are near the end of their... 

IMF nations approve record $650bn to aid virus fight

By: Bloomberg     Updated 1 hour 53 minutes ago The International Monetary Fund (IMF) approved the biggest resource injection in its history, with $650-billion meant to help nations deal with mounting debt and the fallout from the Covid-19 pandemic. The creation of the reserve assets – known as special drawing rights – is the first since the... 

An image of the International Monetary Fund's logo

Copper boom has a top zinc miner scouring for red-metal assets

By: Bloomberg     2nd August 2021 Brazilian conglomerate Votorantim is on the prowl for copper assets as demand for the metal used in wiring is set to take off in the clean energy transition. The group’s Nexa Resources unit -- the world’s fourth-largest zinc producer -- wants to increase exposure to copper and is evaluating... 

Copper boom has a top zinc miner scouring for red-metal assets

BHP joins Komatsu's green truck alliance

By: Esmarie Iannucci     Updated 6 hours ago Diversified miner BHP will join fellow major Rio Tinto to become a founding member of manufacturing company Komatsu’s GHG Alliance, which aims to develop commercially viable zero-greenhouse gas emissions haul trucks. BHP said on Tuesday that as a founding partner of the alliance, the company... 

Piedmont Lithium delays timeline to supply Tesla

By: Reuters     Updated 5 minutes ago Piedmont Lithium said on Monday it will delay first shipments of lithium chemicals to electric vehicle maker Tesla Inc and that it does not have a definitive date for when deliveries could begin. The decision was mutual, Belmont, North Carolina-based Piedmont said. Tesla did not immediately... 

Disused coal mines have potential to heat homes with lower-carbon energy

By: Donna Slater     Updated 27 minutes ago The UK Coal Authority posits that water from flooded coal mines has the potential to be used in the heating of UK homes and industry as a source of lower-carbon energy. In a December 2020 report, the authority states that mines are warmed by natural geothermal processes and, where the mines are... 

Altus appoints mining veteran to lead its operations in Egypt

By: Donna Slater     Updated 41 minutes ago Aim- and TSX-V-listed African mining royalty generator Altus Strategies has appointed Mark Campbell as nonexecutive chairperson of its 100%-owned subsidiary Akh Gold. Campbell has also been appointed GM of Altus’ Egypt branch. 

Australian graphite producer Magnis Energy gets about $15m funding for expansion

By: Reuters     Updated 45 minutes ago Australia's Magnis Energy Technologies Ltd said on Tuesday it secured A$20-million ($14.7-million) from two US-based investors to fund its expansion in the lithium-ion battery industry. Considered critical minerals, graphite and lithium are used in a wide range of applications, including... 

Western Australia takes step-up in battery chemicals production

By: Reuters     Updated 48 minutes ago Western Australia is preparing to take a bigger slice of the booming global battery market, forecast to grow to $150-billion by 2030, as it moves beyond mining lithium and nickel into chemical processing. Three big battery chemicals plants are set to come on line in coming months, while... 

Soaring aluminum drives up cost of everything from beer to foil

By: Bloomberg     Updated 1 hour 6 minutes ago For consumers and economists hoping commodities inflation will soon subside, the aluminum market delivered some discouraging news on Monday. The world’s second-largest brewer, Heineken, said the rising costs of freight and the metal used in beer cans will have a “material effect” on profit next... 

Fresnillo reports sharp increase in profitability

By: Mariaan Webb     Updated 1 hour 46 minutes ago Precious metals miner Fresnillo has reported a sharp increase in profitability during the first half of the year, on the back of higher precious metals prices and its improved production performance. The London-listed miner, which is the world’s largest producer of silver from ore and Mexico’s... 

An image of a mine processing facility at night.

Aeris commits to Tritton growth and Cracow exploration

By: Esmarie Iannucci     Updated 2 hours 36 minutes ago Copper/gold miner Aeris Resources will spend A$50-million in 2022 to develop three new production sources at its Tritton mine, in New South Wales, to extend the mine life. Since starting operations in 2005, the Tritton underground mine has been the mainstay source of ore feed for the processing... 

PureGold hits commercial production

By: Mariaan Webb     Updated 2 hours 50 minutes ago Vancouver-based PureGold has reached commercial production at its namesake mine in Ontario, marking an “exciting” growth phase for the company, reports CEO Darin Labrenz. “By combining stable gold production with the high-grade exploration potential that makes the PureGold mine so unique, we are... 

An image of a gold pour under way.

Bardoc eyes higher output at gold mine

By: Esmarie Iannucci     Updated 3 hours ago Gold developer Bardoc Gold is investigating increasing gold production at its namesake project in Western Australia. A previously completed definitive feasibility study (DFS) previously estimated that the project could produce some 135 760 oz/y over a mine life of just over eight years. 

Northern Star looking at renewables

By: Esmarie Iannucci     Updated 4 hours ago Gold miner Northern Star Resources will be looking at a number of renewable energy options at its projects to offset its greenhouse gas (GHG) emissions to reach its target of net zero GHG emissions by 2050. Speaking at the Diggers & Dealers conference, Northern Star MD Stuart Tonkin said that... 

An image of wind turbines.
Northern Star is considering wind power for its Pogo operation, in Alaska.

ASIO warns of cyberattacks on miners

By: Esmarie Iannucci     Updated 4 hours ago The Australian Security Intelligence Organisation (ASIO) and the Australian Signals Directorate (ASD) has warned that Australian miners are currently being targeted for cyber attacks. ASIO said on Tuesday that a successful compromise of a network provides cyber operators with a range of... 

Pilgangoora could rival Greenbushes - Brinsden

By: Esmarie Iannucci     Updated 4 hours ago The Pilgangoora lithium/tantalum project in Western Australia, could potentially rival the 1.34-million tonne a year Greenbushes lithium mine in terms of production. ASX-listed Pilbara Minerals MD and CEO Ken Brinsden said on the sidelines of the Diggers & Dealers conference, in Kalgoorlie,... 

Comet Ridge makes A$20m play at Mahalo

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed Comet Ridge has struck an agreement with its joint venture (JV) partner Australia Pacific Liquefied Natural Gas (APLNG) to acquire its 30% interest in the Mahalo gas project, taking its own interest from 40% to 70%. The company would pay A$12-million in cash to APLNG on the completion... 

BHP to take expansion decision at Mt Keith

By: Esmarie Iannucci     Updated 6 hours ago Mining major BHP is readying to take a final investment decision on the expansion at its Mt Keith concentrator, in Western Australia, at the end of the financial year. BHP Nickel West asset president Eduard Haegel told delegates at the Diggers & Dealers conference, in Kalgoorlie, that the... 

Image shows BHP's logo on its corporate head office

Hydrogen plan isn’t very green under US infrastructure deal

By: Bloomberg     2nd August 2021 Building a hydrogen-based energy system in the US, which some analysts call key to fighting climate change, would be based largely on fossil fuels under the bipartisan infrastructure bill heading for a Senate vote. The legislation provides for $8 billion in spending to establish at least four... 

Hydrogen plan isn’t very green under US infrastructure deal

Gemfields increases production after disruptions of 2020

By: Donna Slater     2nd August 2021 Gemstone miner Gemfields’ 75%-owned Kagem emerald mine, in Zambia, produced 10.34-million carats of gemstones, including emeralds and beryls during the first half of the year, while its Mozambique-based Montepuez ruby mine, in Mozambique, produced 2.05-million carats. This is despite the Kagem... 

Tertiary’s subsidiary looks to acquire Zambian copper prospects

By: Tasneem Bulbulia     2nd August 2021 Aim-listed Tertiary Minerals announces that its subsidiary Luangwa Minerals has entered into an option agreement with Mwashia Resources to acquire up to a 90% joint venture interest in five large exploration licences in Zambia considered prospective for copper. The agreement covers exploration... 

Gold Fields increases stake in tenements adjacent to St Ives

By: Marleny Arnoldi     2nd August 2021 JSE- and NYSE-listed Gold Fields’ subsidiary St Ives Gold Mining has earned a 51% interest in the Western Lefroy joint venture (JV), after fulfilling its Stage 1 farm-in requirements of spending $10-million on exploration within three years. The company has elected to increase its interest in... 

Jupiter mines to host spill meeting, pays $59m in dividends

By: Marleny Arnoldi     2nd August 2021 ASX-listed Jupiter Mines has advised that shareholders have voted against the adoption of its 2021 Remuneration Report, giving effect to a spill resolution. Additionally, shareholders have voted in favour of appointing Scott Winter and Peter North as directors of the company, while directors... 

Oriole, Reservoir expect sample results from Cameroon project in the third quarter

By: Simone Liedtke     2nd August 2021 Aim-listed Oriole Resources’ subsidiary, Oriole Cameroon, and its partner, Reservoir Minerals Cameroon, have completed the package-wide mapping and stream programme over the five easternmost licences of its joint venture project in Cameroon, with results anticipated in the third quarter of the... 

Bushveld welcomes US study findings as a win for the South African vanadium sector

By: Tasneem Bulbulia     2nd August 2021 Aim-listed Bushveld Minerals says it is “delighted” by the results released on July 29 by the US Department of Commerce on its investigation, under Section 232 of the Trade Expansion Act of 1962, into the effect of imports of vanadium on the national security of the US. Bushveld is one of only... 

Ongoing decline in Eskom’s coal performance drove another ‘intensive’ period of load-shedding in first half of 2021 

By: Terence Creamer     2nd August 2021 A continuing decline in the performance of the Eskom coal fleet drove yet another “intensive” period of load-shedding in South Africa during the first six months of 2021, when rotational power cuts were implemented for 650 hours, or 15% of the time. A new Council for Scientific and Industrial... 

Photo of an Eskom substation
Eskom substation

Bauba to appoint board replacements following three resignations

By: Simone Liedtke     2nd August 2021 Diversified miner and explorer Bauba Resources is undertaking a process to appoint a suitable successor to its chairperson and two independent nonexecutive directors. Nonexecutive director and chairperson Nico van der Hoven has resigned from his positions on the board with effect from July 30,... 

Gold can still top $3 000 amid recovery, says Quadriga fund

By: Bloomberg     2nd August 2021 Gold is primed to surge to fresh highs as the risks around central banks unwinding massive stimulus are under-appreciated by investors, said a fund manager who forecast the metal’s ascent to a record last year. Diego Parrilla, who manages the $250-million Quadriga Igneo fund, said there isn’t... 

Gold can still top $3 000 amid recovery, says Quadriga fund

Rio Tinto, Komatsu partner on development of zero-emission mining haulage solutions

By: Tasneem Bulbulia     2nd August 2021 Global mining group Rio Tinto and manufacturing company Komatsu are partnering to fast-track the development and implementation of zero-emission mining haulage solutions, including haul trucks. Rio will conduct a pre-production trial of the new equipment at one of its sites and has the option to... 

More underground mines planned for Tropicana – AngloGold

By: Esmarie Iannucci     2nd August 2021 Gold miner AngloGold Ashanti will start a feasibility study into a second underground mine at its Tropicana operations, in Western Australia, in 2021. Speaking at the Diggers & Dealers conference, in Kalgoorlie, AngloGold Ashanti senior VP for Australia, Michael Erickson noted that the miner had... 

Isondo project showcasing intent in green hydrogen in South Africa

By: Tasneem Bulbulia     2nd August 2021  The green hydrogen economy offers South Africa a considerable advantage in using its natural resources to help reindustrialise its economy and this is being supported by various policies and initiatives. One such initiative is the start of the construction process for fuel cell components... 

An image of Isondo founder and CEO Vinay Somera
Vinay Somera

Orion inks Okiep deal to expand copper reach

By: Donna Slater     2nd August 2021 JSE- and ASX-listed diversified metal explorer and developer Orion Minerals has exercised its exclusive option to acquire a controlling interest in the majority of the properties comprising the Okiep copper project (OCP), in the Northern Cape. In addition to the OCP option acquisition, Orion has... 

SSR Mining sells royalty portfolio for $100m

By: Creamer Media Reporter      2nd August 2021 Intermediate gold miner SSR Mining will sell a portfolio of royalty interests and deferred payments to EMX Royalty for $100-million. The consideration includes $33-million in cash, $33-million in EMX shares, and $34-million in deferred compensation payments to be delivered upon achievement of... 

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