R/€ = 18.42 Change: 0.02
R/$ = 16.27 Change: 0.01
Au 1792.60 $/oz Change: -9.55
Pt 955.49 $/oz Change: -15.63

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Froneman tells world of Sibanye’s confidence in hydrogen economy  

By: Martin Creamer     26th November 2021 Platinum group metals (PGMs) are poised to be a very significant underpin in the green hydrogen economy and Sibanye-Stillwater is intent on ensuring that the supply of PGMs is sustainable and that the company is part of the global climate change solution, Sibanye CEO Neal Froneman told a global... 

Sibanye-Stillwater hydrogen presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Peru communities resolute on mine shutdowns despite government shift

By: Reuters     26th November 2021 Communities in Peru's Ayacucho region say they will resume protests against the mining sector if the government of leftist President Pedro Castillo breaches what they call a signed agreement to shutter mines, local leaders told Reuters. Prime Minister Mirtha Vasquez said last week that the... 

B2Gold weighs acquiring gold assets in Zimbabwe 

By: Bloomberg     26th November 2021 B2Gold, the Canadian company that owns mines in Africa and the Philippines, is interested in acquiring gold assets in Zimbabwe. The mid-tier gold producer which has mines in Mali, Namibia and the Philippines, has held talks with the government and other officials in the southern African nation... 

An image of Clive Johnson
B2Gold CEO Clive Johnson

AfriTin completes lending facility for processing plant expansion at Uis

By: Tasneem Bulbulia     26th November 2021 Aim-listed AfriTin Mining’s lending facility with Standard Bank Namibia to fund the expansion of the Phase 1 processing plant at the Uis tin mine, in Namibia, has now been executed. AfriTin has reached financial close of the N$90-million senior secured term loan with Standard Bank Namibia. 

Gold jumps as new virus variant fears grip investors

By: Reuters     26th November 2021 Gold gained on Friday as concerns about a hit to the global economic recovery, due to the spread of a new coronavirus variant identified in South Africa, drove investors to the safety of bullion. Spot gold jumped 0.9% to $1 805.26 per ounce by 09:51 GMT. US gold futures advanced 1.2% to $1 805.20. 

Copper falls on new coronavirus variant jitters

By: Reuters     26th November 2021 London copper prices fell on Friday as a newly identified Covid-19 variant in South Africa and expectations of faster-than-expected US rate hikes fuelled concerns of an economic slowdown. Three-month copper on the London Metal Exchange dipped 0.6% to $9 741 a tonne by 02:50 GMT. The most-traded... 

Copper falls on new coronavirus variant jitters

Kavango signs option agreement for 51.15% stake in Molopo Farms Complex

By: Marleny Arnoldi     26th November 2021 London-listed Power Metal Resources has signed a three-month option agreement with fellow-listed Kavango Resources, whereby Kavango may acquire 51.15% of the issued share capital of Kalahari Key Mineral Exploration, based in Botswana. Kalahari Key has a 60% effective interest in the Molopo... 

AVZ joins battery council in the DRC

By: Esmarie Iannucci     26th November 2021 Junior AVZ Minerals has pledged its support to develop a new Democratic Republic of Congo (DRC) Battery Council to develop a sustainable battery value chain in the region. The ASX-listed company’s pledge followed a business forum in Kinshasa promoting the development of battery, electric... 

Kefi progressing projects in Ethiopia, Saudi Arabia

By: Tasneem Bulbulia     26th November 2021 Aim-listed Kefi Gold and Copper's subsidiary Tulu Kapi Gold Mines Share Company (TKGM), has completed its recent incident management and investigations and is now preparing for the launch of the Tulu Kapi gold project in Ethiopia. Members of Kefi's senior management team are based in Ethiopia to... 

Jindal plans to start building Botswana coal mine in 2022

By: Reuters     26th November 2021 India's Jindal Steel & Power Limited (JSPL) will start building a coal mine in Botswana's southeastern Mmamabula coalfields in 2022, aiming to supply the export market and a planned coal power plant, a company official said. The Indian industrial giant aims for the mine to produce 4.5-million... 

Two Chinese nationals killed, others kidnapped in eastern Congo - army

By: Reuters     26th November 2021 Two Chinese nationals have been killed and an unknown number of other people kidnapped in an attack by the Codeco militia on a mining camp in eastern Democratic Republic of Congo, an army spokesman said on Thursday. A local chief and a civil society leader also confirmed the two deaths and said... 

Elevate Uranium raises A$11.5m

By: Esmarie Iannucci     26th November 2021 ASX-listed Elevate Uranium, previously known as Marenica Energy, will raise some A$11.5-million in a share placement to institutional, sophisticated and professional investors. The company on Friday said it had received firm commitments for the placement of more than 25.5-million shares, at a... 

Green hydrogen, platinum and renewable energy make headlines   

25th November 2021 Mining Weekly Editor Martin Creamer unpacks Namibia's plans in the green hydrogen space; platinum imports to China that could reduce the surplus forecast for next year; and Minerals Council South Africa member companies that could deliver up to 3 900MW of renewable energy projects.   

Green hydrogen, platinum and renewable energy make headlines

Russia arrests safety inspectors after coal mining disaster; death toll jumps past 50

By: Reuters     26th November 2021 Police in Siberia said on Friday they had arrested two state safety inspectors suspected of criminal negligence leading to loss of life as Russia's coal mining heartland mourned one of its worst disasters since Soviet times. A gas leak in a coal mine in the Kemerovo region killed 52 people on... 

Russia arrests safety inspectors after coal mining disaster; death toll jumps past 50

Valor raises funds for Canadian drilling

By: Esmarie Iannucci     26th November 2021 Explorer Valor Resources will raise A$5.4-million in a share placement to fund exploration activities in Canada. The ASX-listed company this week said it would issue 319-million shares, at a price of 1.71c each, under its existing placement capacity. 

$1bn NPV for Hot Maden, production expected in 2024

By: Creamer Media Reporter      26th November 2021 The feasibility study of the Hot Maden copper/gold project, in Turkey, has yielded robust results, with an after tax net present value of $1.05-billion and an internal rate of return of 36%. NYSE- and TSX-listed Sandstorm Gold, which has a 30% interest in the project, reports that Hod Maden has... 

Brian Menell’s TechMet invests in Cornish Lithium

By: Mariaan Webb     26th November 2021 Mineral exploration and development company Cornish Lithium has landed its first investment from a financial institution, with technology metals investor TechMet putting £18-million into the UK company. TechMet, founded by British-South African metals industrialist Brian Menell, invests in... 

An image of Brian Menell
TechMet founder Brian Menell

Hudbay promotes Lauzon to COO

By: Creamer Media Reporter      26th November 2021 Diversified miner Hudbay Minerals has appointed Andre Lauzon, its current Arizona business unit’s VP, as senior VP and COO with effect from January. Lauzon is replacing Cashel Meagher, who is leaving the company to pursue other interests. 

S Australia extends ADI

By: Esmarie Iannucci     26th November 2021 The South Australian government on Friday announced that it would extend its Accelerated Discovery Initiative (ADI) until 2025, committing a further A$11.5-million to the exploration programme. The ADI provides co-financing to mineral exploration activities to attract greater exploration... 

Renascor flags higher yields at Siviour

By: Esmarie Iannucci     26th November 2021 ASX-listed Renascor Resources has flagged higher yields and higher prices for its Siviour purified spherical graphite (PSG) product. The company on Friday noted that commercial scale testing of downstream milling equipment, using the Siviour graphite concentrate, had delivered spherical graphite... 

Beach faces class action from shareholder

By: Esmarie Iannucci     26th November 2021 Oil and gas producer Beach Energy is facing a shareholder class action. The company this week confirmed that it had been served with group proceedings filed in the Supreme Court of Victoria, which name Beach as the defendant. 

Image shows an ASX tradings board

Argentine State energy firm YPF spies lithium tie-ups with China's CATL

By: Reuters     26th November 2021 rgentina's State energy company YPF, making a push into the country's burgeoning lithium sector, met with officials from major Chinese battery maker CATL on Thursday, with both sides talking up plans to become "strategic partners" in the sector. The South American country, part of the region's... 

Magazine round up | 26 November 2021 

26th November 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 26 November 2021

No reason why Eskom can’t make reliable comeback – Sir Mick Davis 

By: Martin Creamer     25th November 2021 There is no reason why Eskom cannot return to a situation where it can be a credible, reliable supplier of reasonably priced electricity, Sir Mick Davis said on Thursday. “Eskom is a resolvable problem," said Davis, a former Eskom CFO and now back in critical minerals and metals mining in the... 

Sir Mick Davis in conversation with Ann Bernstein, covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer

South Africa won’t be ‘short-changed’ in climate finance talks, Ramaphosa insists 

By: Terence Creamer     25th November 2021 President Cyril Ramaphosa says that government will not allow itself to be “short-changed” or lumped with conditions that will undermine its developmental objectives when negotiating the details of an $8.5-billion climate-finance package with developed countries over the coming months. Responding... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Stakeholders identify measures to address fatalities in mining industry 

By: Tasneem Bulbulia     25th November 2021 The Department of Mineral Resources and Energy together with leaders from the Minerals Council South Africa and organised labour held a MineSafe Conference on November 25 to discuss measures to drive a sustainable improvement in mine health and safety. The conference was held on the back of a... 

A South African underground mining operation

Law firm creates outsourced compliance solution for mining industry 

By: Martin Creamer     25th November 2021 A specialist mining law firm, which prefers people to paper, has created an outsourced compliance solution for Africa’s mining industry. NSDV will not simply rely on the paper trail when a client calls with an issue, but instead phone, WhatsApp, or drive there and chat to the officials. 

NSDV supplied picture
NSDV director and co-founder Lili Nupen

Ionic reports pleasing assay results for Uganda rare earths project

By: Creamer Media Reporter      25th November 2021 ASX-listed Ionic Rare Earths has reported pleasing assay results for Tranche 2 of the 8 220 m Phase 4 drill programme at its Makuutu rare earths project, in Uganda. Tranche 2 comprised of 60 drill holes, which all delivered clay and saprolite mineralisation intersections above the cut-off grade... 

Premier encouraged by pegmatite intersections in a new zone at its Zulu project

By: Creamer Media Reporter      25th November 2021 Aim-listed Premier African Minerals says pegmatite intersections have been encountered in a zone at its Zulu project, in Zimbabwe, that was not previously included in any of the company's exploration target assessments or in the existing resource estimate. "Together with preliminary results from... 

Industrial AI needed to enable mining to meet future demands

By: Schalk Burger     25th November 2021 Mining operations must be rejuvenated with the correct innovation, in preparation for projected future demand, says enterprise asset performance and optimisation company AspenTech metals and mining VP and GM Jeannette McGill. AspenTech notes that longer-term demand for metals will continue to... 

Coal India warns price hike is inevitable to combat higher costs

By: Bloomberg     25th November 2021 Coal India, the world’s largest producer of the fuel, said rising costs mean it’s “inevitable” that it will be forced to hike prices of supplies in long-term deals to protect profitability. The state-run company is facing pressure from high diesel prices and an increase in salaries of employees... 

Limpopo Health MEC warns of fourth wave as Exxaro Mine records 57 Covid-19 cases in just four days

By: News24Wire      25th November 2021 Limpopo Health MEC Phophi Ramathuba says she is alarmed by the Covid-19 cluster outbreak at Exxaro Mine in Lephalale, where 57 new cases were recorded within four days this week. Of the 57 cases, 18 of them were recorded on Wednesday.  

Short wall mining

China's Weiming to invest in $400m Indonesia nickel matte project

By: Reuters     25th November 2021 China's Weiming Group, which makes equipment to treat solid waste, has signed a deal to invest in a $400-million project to produce nickel matte in Indonesia, becoming the latest Chinese firm to enter the Southeast Asia country's battery supply chain. Weiming said in a statement that the... 

Ramaphosa to chair inter-Ministerial committee to oversee R131bn just transition offer 

By: Terence Creamer     25th November 2021 President Cyril Ramaphosa will chair an inter-Ministerial committee that is being established to coordinate further work on the country’s just transition plan, as well as the R131-billion climate-finance offer made to South Africa at the recent COP26 climate gathering. Following a briefing on the... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Drilling starts up again after three years at Aton’s Rodruin project

By: Marleny Arnoldi     25th November 2021 TSX-V-listed Aton Resources has started Phase 2 of a diamond drilling programme at the Rodruin project, in Egypt. The company in June contracted Energold Drilling to undertake at least 4 250 m of diamond drilling at the company’s Abu Marawat concession in the Eastern Desert of Egypt.  

Chinese miners eye Afghanistan’s mineral reserves

By: Bloomberg     25th November 2021 Chinese firms are showing interest in exploiting Afghanistan’s vast untapped mineral resources as Beijing seeks a role in reconstructing the nation’s war-ravaged economy. Afghanistan is sitting on deposits estimated to be worth $1-trillion or more, including what may be the world’s largest... 

Hummingbird announces 1.12-million ounces of company reserves

By: Tasneem Bulbulia     25th November 2021 Aim-listed Hummingbird Resources’ updated Joint Ore Reserves Committee- (Jorc-) compliant reserves as at June 30 totalled 1.12-million ounces of gold at 3.03 g/t, a 438 600 oz increase from its reserves statement in October 2019. This update includes a maiden reserve for the Kouroussa mine in... 

POSCO emerges as possible buyer for EcoGraf products

By: Esmarie Iannucci     25th November 2021 ASX-listed EcoGraf has struck a non-binding memorandum of understanding (MoU) with Korean major POSCO that would see EcoGraf supporting POSCO’s anode production expansion plans by supplying battery anode material products from its new Australian battery anode material facility and its planned... 

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Froneman tells world of Sibanye’s confidence in hydrogen economy

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Magazine round up | 26 November 2021

No reason why Eskom can’t make reliable comeback – Sir Mick Davis

Green hydrogen, platinum and renewable energy make headlines

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Very strong platinum imports into China – WPIC

Namibia heading for world record green hydrogen costs, conference hears


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