https://www.miningweekly.com
R/€ = 18.43 Change: -0.25
R/$ = 15.14 Change: -0.20
Au 1854.80 $/oz Change: -7.94
Pt 1101.50 $/oz Change: -8.39
 
Close

Email me free daily news

Email address

Responsible Mining Foundation seeks ‘more ambitious’ standards for TSFs 

By: Simone Liedtke     22nd January 2021 The vast majority of large-scale mining companies are still unable to demonstrate that they review and report on how effectively they manage risks related to tailings storage facilities (TSF), and take responsive actions as necessary, despite growing disclosure on TSFs, the Responsible Mining... 

Responsible Mining Foundation seeks ‘more ambitious’ standards for TSFs
The Corrego do Feijao tailings dam collapse, in Brumadinho, Brazil.

Lily mine not for sale, says Vantage as it plans restart of operations 

By: Donna Slater     22nd January 2021 Owner of the shut Barberton-based Lily gold mine, Vantage Goldfields has countered claims made by political organisation ActionSA president Herman Mashaba that the mine has received two bids by third parties that intend to acquire and reopen the mine. The Lily mine has been closed since a... 

Lily mine not for sale, says Vantage as it plans restart of operations
A dated picture of the Lily mine decline-shaft entrance before the cave-in occurred

Botswana's private coal miner to double output if it wins Eskom contract, says CEO 

By: Reuters     22nd January 2021 Botswana's privately owned coal miner Minergy will double its output by opening a new mine if it wins a contract to supply coal to South Africa's biggest power utility Eskom, its chief executive officer said in a statement on Friday. Minergy was shortlisted to supply to Eskom's Tutuka power... 

Botswana's private coal miner to double output if it wins Eskom contract, says CEO

2021 poised to be significant year of transition for SA’s energy and minerals sectors 

By: Terence Creamer     22nd January 2021 This year could prove to be game changing for the long-term prospects and resilience of South Africa’s energy and minerals sectors. The electricity sector, which together with Eskom has sapped confidence and growth from the South African economy for more than a decade, should begin its slow... 

2021 poised to be significant year of transition for SA’s energy and minerals sectors

Sibanye announces senior management changes

By: Tasneem Bulbulia     22nd January 2021 Precious metals miner Sibanye-Stillwater has made further changes to its organisational structure, which it says is designed to enhance delivery and strategic focus. Robert van Niekerk, previously executive VP: Group Technical, has been appointed chief technology officer, effective from December... 

Pan African says on track to meet full-year guidance

By: Tasneem Bulbulia     22nd January 2021 Precious metals miner Pan African Resources CEO Cobus Loots says the company delivered a “commendable operational and safety performance, amid the challenges of the ongoing Covid-19 pandemic” during the six months ended December 31. In an operational update for the six months, published on... 

Endeavour sells noncore Côte d’Ivoire mine

By: Mariaan Webb     22nd January 2021 Canadian miner Endeavour Mining will sell its 85% interest in the Agbaou mine, in Côte d’Ivoire, to private African operator Allied Gold, which owns the nearby Bonikro mine. When the transaction closes, the Bonikro-Agbaou operation will comprise multiple openpits, and two processing plants with a... 

Shareholder nod for Endeavour’s Teranga buy

By: Mariaan Webb     22nd January 2021 Toronto-listed Endeavour Mining on Thursday announced shareholder approval for its acquisition of Teranga Gold. Through the deal, unveiled in November, Endeavour would be transformed into a top ten senior gold producer and the largest gold producer miner in West Africa. 

'The bucket is leaking': Zambia opposition leader denounces debt-funded Mopani deal

By: Reuters     22nd January 2021 Zambia's main opposition party leader Hakainde Hichilema criticised the government's deal with Glencore on Thursday, comparing the economy to a leaky bucket broken by debt. The state mining investment arm ZCCM-IH agreed on Tuesday to take on $1.5-billion in debt in exchange for full control of... 

Botswana Diamonds to raise £363 000 for exploration

By: Tasneem Bulbulia     22nd January 2021 Aim-listed Botswana Diamonds has undertaken a company-arranged placing with existing and new investors to raise  £363 000 through the issue of 60.5-million new ordinary shares. This includes a cash subscription by certain directors. 

Bauba, Pelagic Resources amend terms to subscription agreement

By: Simone Liedtke     22nd January 2021 Diversified miner and exploration company Bauba Platinum and Pelagic Resources will amend the terms of their December 2020 subscription agreement. The subscription shares will now be issued at 31c a share, being a 4.13% discount to the 30-day volume-weighted average price at the close of business... 

Lulo delivers for Lucapa

By: Esmarie Iannucci     22nd January 2021 Diamond miner Lucapa has reported a solid December quarter, with production from its Lulo mine, in Angola, increasing. The Lulo mine recovered 6 447 ct during the fourth quarter a 55% increase in the previous corresponding period, with grades recovered also increasing by 47%. 

Pensana seeks to change name ahead of ASX delisting next month

By: Simone Liedtke     22nd January 2021 Ahead of the company’s delisting from the ASX next month, Pensana Rare Earths is considering changing its name to Pensana. In a statement on January 22, the rare earth oxide producer confirmed that it will be holding a general meeting on February 8 and has urged shareholders to vote on the name... 

Deep-South ‘well-funded’ to continue development of Namibian copper project

By: Simone Liedtke     22nd January 2021 TSX-V-listed Deep-South Resources has closed its nonbrokered private placement for $4.6-million. President and CEO Pierre Leveille commented on the strong demand, which led to the financing, and confirmed that the company had recently completed a preliminary economic assessment. 

GoviEx raises C$8m in private placement

By: Marleny Arnoldi     22nd January 2021 TSX-V-listed GoviEx Uranium has completed a nonbrokered private placement of 32-million shares at a price of C$0.25 apiece for gross proceeds of C$8-million. Each share also comprises a transferable share purchase warrant, which entitles the holder to acquire an additional share at a price of... 

Guinea President retains Magassouba as Mines Minister

By: Reuters     22nd January 2021 Guinea President Alpha Conde has retained Abdoulaye Magassouba as mines minister overseeing the West African nation's bauxite, iron-ore, gold and diamond wealth, according to a decree read on state television on Thursday. Magassouba was first appointed to the position in January 2016. Under his... 

Local sourcing vital in UK, considering expected 70% jump in EV sales

By: Marleny Arnoldi     22nd January 2021 Research agency Fitch Solutions foresees a good year for electric vehicle (EV) development and a key component thereof, lithium. It says critical raw material (CRM) developments in the UK, the US and the European Union (EU) bode well for those regions’ battery supply chains and reducing their... 

Local sourcing vital in UK, considering expected 70% jump in EV sales

Hamburg plans green hydrogen plant with Shell, Mitsubishi, Vattenfall

By: Reuters     22nd January 2021 Hamburg is planning to generate green hydrogen, which is produced from renewable power, at a plant it will develop with energy firms Shell, Mitsubishi and Vattenfall, the city state said on Friday. Hamburg's municipal heating company has signed a letter of intent with the three companies to... 

Contura name change to reflect metallurgical future

By: Mariaan Webb     22nd January 2021 NYSE-listed Contura Energy on Friday announced that it would change its name to Alpha Metallurgical Resources on February 1. The rebranding effort aims to more accurately relects the company's strategic focus on the production of metallurgical coal as a critical feedstock for steel production.... 

Gold Fields starts construction of Salares Norte mining infrastructure

By: Simone Liedtke     22nd January 2021 Dual-listed Gold Fields has formally started construction of the mining infrastructure at its Salares Norte project, in Chile. Construction of the $860-million project is scheduled to be completed in late 2022, with first gold production in early 2023. Once commissioned, the mine will process... 

Gold Fields starts construction of Salares Norte mining infrastructure
The Salares Norte camp.

Biden poised to freeze oil and coal leasing on federal land

By: Bloomberg     22nd January 2021 President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about a tenth of US supplies, according to four people familiar with the matter. The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other... 

Biden poised to freeze oil and coal leasing on federal land

China says 10 workers trapped in gold mine are searching for others

By: Reuters     22nd January 2021 The ten known survivors trapped since a deadly January 10 gold mine explosion in northern China have been using laser pointers and loudspeakers to try to find their missing colleagues, state media reported on Friday. The rescue operation, which has been able to get food and medicines to the... 

Australia's MMG CEO sees short term upside momentum for copper

By: Reuters     22nd January 2021 Copper prices are likely to rise further after pushing above $8 000/t this month, supported by China's strong economy and government stimulus efforts after the Covid-19 pandemic, the head of Hong Kong-listed MMG Ltd said on Friday. Prices of copper have nearly doubled from last year's lows and... 

Gruyere production grows for JV partners

By: Esmarie Iannucci     22nd January 2021 Gold miner Gold Road Resources on Friday reported that gold production for the December quarter has increased on the previous quarter on the back of increased plant throughput at the Gruyere gold mine, in Western Australia. Gold production in the December quarter reached 70 794 oz on a 100%... 

Senex continues to grow

By: Esmarie Iannucci     22nd January 2021 ASX-listed Senex Energy has reported a 16% increase in production and a 26% increase in sales revenue for the quarter ended December, as the ramp-up of its Atlas operation, in the Surat basin, continues. Quarterly production reached 4.3 PJ during the three months to December, up 16% on the... 

Argonaut cleared to start work on C$480m Ontario gold project

By: Mariaan Webb     22nd January 2021 Toronto-listed Argonaut Gold has been cleared to start site preparation for the construction of its C$480-million Magino gold mine. The Toronto-listed company announced on Thursday that the province of Ontario had filed the closure plan for Magino, which would produce about 150 000 oz/y in the... 

Argonaut cleared to start work on C$480m Ontario gold project

PGMs, new Gold Fields CEO designate make headlines 

22nd January 2021 Mining Weekly Editor Martin Creamer unpacks Switzerland's green hydrogen roll-out, PGM demand and Chris Griffith becoming Gold Fields CEO designate.   

PGMs, new Gold Fields CEO designate make headlines

Developer of Alaska's Pebble mine files appeal over permit rejection

By: Reuters     22nd January 2021 Diversified Canadian miner Northern Dynasty Minerals said on Thursday its US subsidiary Pebble Limited Partnership has filed an appeal with the US Army Corps of Engineers (USACE) over its decision to deny a key water permit for the contentious Pebble mine, in Alaska. The USACE denied the Clean... 

Developer of Alaska's Pebble mine files appeal over permit rejection
Pebble Mine Partnership CEO John Shively

Yamana begins advancing plans for newly acquired Wasamac

By: Mariaan Webb     22nd January 2021 Gold miner Yamana Gold has completed the acquisition of the Wasamac property and Camflo property and mill, solidifying its position in Quebec’s Abitibi region. The company acquired the assets through the acquisition of Monarch Gold, which has spun out its other mineral assets in the newly formed... 

Yamana begins advancing plans for newly acquired Wasamac

Pellet production resumes at Vargem Grande

By: Mariaan Webb     22nd January 2021 Brazilian iron-ore miner Vale has resumed production at the pelletising plant in Vargem Grande, two years after production were halted in a crackdown by authorities following a fatal dam break. Vargem Grande will produce between four-million and five-million tonnes this year, Vale said on... 

Pellet production resumes at Vargem Grande

Brazil state gives Vale ultimatum on settlement talks

By: Reuters     22nd January 2021 Brazilian iron-miner Vale failed on Thursday to reach a legal settlement with Minas Gerais state regarding a deadly dam disaster, with the State warning it would not take "crumbs" and giving a ten-day deadline for a better offer. About 270 people died in 2019 in the town of Brumadinho in Minas... 

Forrest paves the way for green steel

By: Esmarie Iannucci     22nd January 2021 Mining magnate Andrew Forrest has pledged iron-ore major Fortescue to a green energy future, unveiling plans for green steelmaking in the Pilbara. In the first ABC Boyer Lecture for 2021, which will be aired over the weekend, Forrest in a recorded message stated that Fortescue would build... 

Forrest paves the way for green steel
Photo by Bloomberg
Fortescue founder and chairperson Andrew Forrest

Blackstone advances metal talks with Trafigura

By: Esmarie Iannucci     22nd January 2021 Commodities trading group Trafigura has signed a letter of interest (LoI) with junior Blackstone Minerals to potentially supply quantities of nickel and cobalt products that would allow Blackstone to produce products for the lithium-ion battery industry at its Ta Khoa nickel project, in Vietnam.... 

WA makes plans to fast-track major projects

By: Esmarie Iannucci     22nd January 2021 The resources sector has welcomed the Western Australian state government’s commitment to fast track approvals for major projects. Premier Mark McGowan on Friday announced that more than A$1.6-million would will be invested in cutting application wait times for major resource projects, unlocking... 

Lynas gets going on US project

By: Esmarie Iannucci     22nd January 2021 Australian rare earths major Lynas has reached an agreement with the US government to build a commercial light rare earths separation plant. The US Department of Defence in July last year told Lynas of its intent to award the company with a Phase 1 contract for a US-based heavy rare earths... 

Lake Wells EPA issues cleared

By: Esmarie Iannucci     22nd January 2021 The Western Australian Minister for Environment has resolved an appeal against the Environmental Protection Authority’s (EPA’s) approval of ASX-listed Australian Potash’s Lake Wells sulphate of potash (SoP) project. Australian Potash told shareholders on Friday that the Minister was satisfied... 

Dacian on target

By: Esmarie Iannucci     22nd January 2021 Gold miner Dacian Gold is on target to reach its full year production guidance for the 2021 financial year, despite reporting a slight drop in production for its December quarter. Gold production in the three months to December reached 27 162 oz, down from the 32 799 oz produced in the September... 

Alrosa sees strong demand for diamonds in Q1 after lower sales in 2020

By: Reuters     21st January 2021 Russian State-controlled diamond producer Alrosa sees strong global demand for diamonds in the first quarter of 2021 after its sales fell by 4% to 32.1-million carats in 2020 due to the coronavirus pandemic, it said on Thursday. Alrosa, the world's largest producer of rough diamonds, which... 

Latest News  by  

more

Company Post

more

Latest Videos and Audio

On-The-Air (22/01/2021)

PGMs, new Gold Fields CEO designate make headlines

Platinum group metals playing role in Switzerland’s green hydrogen roll-out

China importing SA coal, PGMs in a greener world make headlines

Resources Watch

New ‘green’ platinum project leaps out of starting blocks, will use 82% less electricity

South Deep Covid protocols, platinum demand, decarbonisation make headlines

US company planning at least 500 hydrogen fuelling stations in next 3 to 5 years

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

 

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 for $119
Free daily email newsletter Register Now
Subscribe Close