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Implats CEO encouraged by first-quarter production results 

By: Simone Liedtke     30th October 2020 Impala Platinum (Implats) started its new financial year off strongly, with gross tonnes milled at managed operations having improving by 18% year-on-year to over 6.1-million tonnes for the first quarter, ended September 30. The increase in milled tonnes was primarly owing to the maiden inclusion... 

Implats CEO encouraged by first-quarter production results
Implats CEO Nico Muller

Glencore lowers coal production guidance as strike at Cerrejón continues 

By: Tasneem Bulbulia     30th October 2020 Multinational commodity company Glencore delivered a solid third-quarter operating performance, including the continued successful ramp-up of Katanga, in the Democratic Republic of Congo, which remains on track to achieve design capacity by year-end, CEO Ivan Glasenberg said on October 30. “Our... 

Glencore lowers coal production guidance as strike at Cerrejón continues
Ivan Glasenberg

MC Mining's Uitkomst returns to steady-state production  

By: Tasneem Bulbulia     30th October 2020 The progressive easing of lockdown measures allowed coal miner MC Mining’s Uitkomst Colliery to return to steady-state production, while international coal prices trended positively during September and October, acting CEO Brenda Berlin said in a statement of the company’s results for the three... 

MC Mining's Uitkomst returns to steady-state production
Brenda Berlin

Fresh moves under way to address debt albatross at lossmaking Eskom 

By: Terence Creamer     30th October 2020 Public Enterprises Minister Pravin Gordhan said on Friday that a “second round” of work is being initiated in an effort to find a solution to Eskom’s unsustainable debt burden in line with the recent social compact between government, community, labour and business to “mobilise funding to address... 

Fresh moves under way to address debt albatross at lossmaking Eskom
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Anglo reinforces sustainability goals, clarifies decarbonisation pathway goals

By: Simone Liedtke     30th October 2020 Diversified miner Anglo American intends to achieve full carbon neutrality across its operations by 2040, with eight of its operations to reach that goal by 2030. The commitment was initially made in May this year, but CEO Mark Cutifani on October 30 elaborated that this goal would be achieved... 

Anglo reinforces sustainability goals, clarifies decarbonisation pathway goals

Anglo American CEO says not responsible for lead poisoning in Zambia

By: Reuters     30th October 2020 Anglo American CE Mark Cutifani said on Friday it was not responsible for lead poisoning at a Zambian lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner. The class action suit was filed last week by South African law firm... 

Botswana rough diamond exports down 66% in third quarter

By: Reuters     30th October 2020 Botswana's rough diamond exports plunged around 66% in the third quarter compared with the same period last year, data showed on Friday, as the coronavirus pandemic hit demand and global travel restrictions impacted trading. Botswana closed its borders in March to curb the spread of the virus,... 

Digital transformation has potential to unlock billions in mining value

By: Tasneem Bulbulia     30th October 2020 South Africa boasts many pockets of excellence in terms of digital transformation in the mining industry. With much of the sector’s potential and value still needing to be unlocked, the coronavirus has provided a major catalyst in driving large-scale digitalisation adoption, says professional... 

Digital transformation has potential  to unlock billions in mining value

Lepidico to acquire Bright Minz, LOH-Max process technology

By: Creamer Media Reporter      30th October 2020 ASX-listed Lepidico has entered into an agreement with the shareholders of Bright Minz to acquire all of the issued share capital of Bright Minz. Bright Minz is the holder of the LOH-Max process technology, which was developed for the production of high-purity lithium hydroxide monohydrate from a... 

Gold to continue rally regardless of US election outcome – analysts

By: Donna Slater     30th October 2020 Gold prices could perform well regardless of who wins the US Presidential election, says research and data company Standard & Poor’s Global Market Intelligence (S&P GMI) and analysts it has consulted with, pointing to low interest-rate policy and potential pandemic-related stimulus. “While there... 

Aluminium demand growth will soon outpace production growth

By: Marleny Arnoldi     30th October 2020 Research agency Fitch Solutions Country Risk & Industry Research says the global primary aluminium market will remain largely in oversupply, owing to absolute production remaining higher than consumption this year, but the surplus is likely to start narrowing from 2021. This will remain the case... 

Drill results confirm Fwiji as a major target, says Arc Minerals

By: Tasneem Bulbulia     30th October 2020 Aim-listed Arc Minerals has announced the first set of assay results from the laboratory confirming the presence of near-surface copper mineralisation at the Fwiji prospect, in Zambia. The first Fwiji drill results have confirmed significant mineralisation, the company notes. 

Chile's Codelco reports 86% leap to $1.124 billion of profits to September

By: Reuters     30th October 2020 Chile's State-owned miner Codelco, the world's largest copper producer, on Friday reported a 86% increase in its profit for the first nine months of the year on Friday, to $1.124-billion, amid an increase in production. The company, which turns over all its profits to government coffers, said... 

Labour paralysis drags on at Lundin's Candelaria in Chile

By: Reuters     30th October 2020 The suspension of operations at Chile's Candelaria copper mine continued on Friday with no sign of a resolution in a contractual dispute between the company and two workers' unions, the parties said. Canadian miner Lundin denounced road blockades and illegal force used by striking workers, while... 

Petropavlovsk lifts interim production, gold sales

By: Donna Slater     30th October 2020 Russia-based gold miner Petropavlovsk increased its gold production by 42% year-on-year to 320 600 oz for the first half of this year. Production included 178 000 oz from the processing of own and third-party refractory gold concentrates at the pressure oxidation facility hub.  

Beowulf notes progress with its seven-years-and-counting application for Kallak

By: Marleny Arnoldi     30th October 2020 Aim-listed Beowulf is still awaiting the award of an exploitation concession from the Swedish Ministry of Enterprise and Innovation and Constitutional Committee for the Kallak North area, since its initial application in 2013. The company says is has learnt that the Ministry has advised the... 

WA set to lift hard borders

By: Esmarie Iannucci     30th October 2020 The Chamber of Minerals and Energy (CME) of Western Australia has welcomed the state government’s decision to relax the state’s hard borders from November 14, allowing quarantine-free travel from those in Queensland, South Australia, Tasmania, the Northern Territory and the Australian Capital... 

Norway's Nel, Statkraft agree to produce green hydrogen for steelworks

By: Reuters     30th October 2020 Norwegian hydrogen producer Nel and utility Statkraft have agreed to build a plant to deliver green hydrogen to a steelworks in northern Norway, replacing fossil fuel, the companies said on Friday. A letter of intent signed by the two firms covers the delivery of an alkaline electrolyser plant... 

Labrador going full speed ahead with Houston development

By: Marleny Arnoldi     30th October 2020 Canadian miner Labrador Iron Mines (LIM) is progressing work on Stage 2 of its planned direct shipping ore mining operations, which involves the development of the Houston project, in Labrador, Quebec. LIM chairperson and CEO John Kearney says this decision came in light of persistently... 

Ferrochrome, flow-through scheme, Sumitomo make headlines  

30th October 2020 Mining Weekly Editor Martin Creamer unpacks the Ferrochrome industry's need for an interim measure to be competitive, the flow-through share model that has been drawn up for exploration and Sumitomo becoming the latest investor in partnership with AP Ventures.   

Ferrochrome, flow-through scheme, Sumitomo make headlines

Pretivm reports higher third-quarter net earnings despite higher costs

By: Marleny Arnoldi     30th October 2020 Canadian miner Pretivm produced 86 136 oz of gold and 130 975 oz of silver in the third quarter. This compares with the 88 227 oz of gold and 124 958 oz of silver produced in the third quarter of 2019.  

Middle Island takes a bite of Alto

By: Esmarie Iannucci     30th October 2020 ASX-listed Middle Island has acquired a 10% interest in fellow-listed Alto Metals through an on-market transaction at a cost of 9.5c a share. Alto shares closed at a high of 11.5c a share on Friday. 

NioCorp's Elk Creek selected as an infrastructure project of the year

By: Creamer Media Reporter      30th October 2020 TSX-listed NioCorp Developments' Elk Creek Superalloy Materials Project was selected as an infrastructure project of the year by infrastructure strategy and project development firm CG/LA Infrastructure. The project, in southeast Nebraska, was initially named as one of the Top 100 infrastructure... 

Origin's revenue fall

By: Esmarie Iannucci     30th October 2020 ASX-listed Origin Energy has reported a 39% fall in revenues for its integrated gas businesses for the three months to September, driven by lower realised prices. “Gas production was steady for the quarter, however, as expected, realised prices were lower as the lagged impact of oil prices on... 

Orsu to acquire more assets in Russia

By: Tasneem Bulbulia     30th October 2020 TSX-V-listed Orsu Metals Corp has entered into a nonbinding letter of intent (LoI) to acquire a portfolio of core assets, including the Alexandrovskoye openpit gold mining project and mining processing plant (GOK). The GOK assets are located immediately west of the company’s Sergeevskoe project... 

Iron Road welcomes Cape Hardy plans

By: Esmarie Iannucci     30th October 2020 ASX-listed Iron Road and the joint developers of the Cape Hardy Stage 1 port development, in the Eyre Peninsula, has welcomed the port’s inclusion into the South Australian government’s hydrogen plans. The South Australian government earlier this week launched its hydrogen prospectus, detailing... 

Troy's production falls at Karouni

By: Esmarie Iannucci     30th October 2020 Gold miner Troy Resources has produced 6 334 oz of gold during the quarter ended September, down from the 7 235 oz produced in the June quarter. The miner on Friday said that gold production at its Karouni operation, in Guyana, was lower than expected during the September quarter due to a... 

Sandfire buys into Red Bore

By: Esmarie Iannucci     30th October 2020 Copper miner Sandfire Resources has entered into agreements to acquire an 85% interest in the Red Bore copper project, adjacent to its own DeGrusssa mine, in Western Australia. The Red Bore comprises a 2 km2 granted mining lease and was previously subject to a joint venture agreement between... 

Western Areas adjusts production expectations

By: Esmarie Iannucci     30th October 2020 Nickel miner Western Areas has downwardly adjusted its full year expectations for 2021 to take lower ore grades into consideration. Nickel in concentrate production for the financial year is now expected at between 17 000 t to 19 000 t, down from the previous estimate of between 19 000 and 21... 

Amec hoping to lure critical mineral investment

By: Esmarie Iannucci     30th October 2020 Potential investors in Australia’s critical minerals sector has been handed an investment opportunities document, compiled by the Association of Mining and Exploration Companies (Amec) identifying numerous projects exploring, developing and producing critical minerals across the country. “The... 

Amec hoping to lure critical mineral investment

Rio invests in Canadian alumina

By: Esmarie Iannucci     30th October 2020 Major Rio Tinto will invest $51-million on upgrading facilities at its Vaudreuil alumina refinery, in Quebec. The company said this week that three new energy efficient buildings are under construction and existing facilities will be rearranged to provide close to 400 employees with a... 

Brazil prosecutors file appeal against BHP, Vale dam compensation deal

By: Reuters     30th October 2020 Brazilian federal prosecutors on Thursday filed a lawsuit contesting a compensation package for victims from a 2015 collapsed dam jointly owned by mining giants BHP and Vale, arguing that the package is far too low. The move comes after prosecutors earlier this month accused the two companies of... 

Eldorado posts higher third-quarter production, free cash flow

By: Creamer Media Reporter      29th October 2020 Gold and base metals producer Eldorado Gold, which has operations in Turkey, Canada, Greece, Romania and Brazil, achieved a 35% year-on-year increase in gold production to 136 922 oz for the third quarter ended September 30. All-in sustaining costs (AISC) of $918/oz were lower than the AISC of $1... 

Hecla achieves strong third-quarter operational performance

By: Creamer Media Reporter      29th October 2020 US precious metals miner Hecla achieved higher silver, lead and zinc production for the third quarter ended September 30, but its gold production decreased by 47% year-on-year to 41 174 oz. Silver production increased by 9% year-on-year to 3.54-million ounces, while lead output increased by 60%... 

Vale expects stronger fourth-quarter iron-ore sales

By: Reuters     29th October 2020 Brazilian miner Vale SA has recovered its iron ore inventories in the third quarter and will reduce the gap between production and sales in the coming months, potentially bringing relief to a tight global supply for the key steel-making ingredient, company executives said on a Thursday. In a call... 

Yamana reports strong third-quarter results; highest operating cash flow since 2015

By: Creamer Media Reporter      29th October 2020 Americas-focused precious metals miner Yamana Gold has posted a strong production and financial performance in the third quarter. The TSX-, NYSE- and LSE-listed miner achieved above plan gold and silver production. Gold production reached 201 772 oz, underpinned by "standout" production from the... 

Moody's upgrades Barrick's rating

By: Creamer Media Reporter      29th October 2020 Ratings agency Moody's Investors Service has upgraded the senior unsecured ratings of Barrick Gold Corp and its rated subsidiaries to Baa1 from Baa2, with a stable outlook. Moody's notes in a statement that Barrick's credit profile benefits from its low adjusted leverage, its large scale, its... 

Search Minerals, Saskatchewan Research Council sign MoU

By: Creamer Media Reporter      29th October 2020 TSX-V-listed Search Minerals has entered into a memorandum of understanding (MoU) with the Saskatchewan Research Council (SRC) with regard to the processing of rare earth concentrates. The Saskatchewan government has granted $31-million in funding for a rare earth processing facility to be built... 

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