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Early income bonanza for funded Witwatersrand gold mining reviver  

By: Martin Creamer     17th January 2022 West Wits Mining, the Australia-listed Witwatersrand gold reviver that is advancing fast on an initial A$9.5-million capital raise, is the beneficiary of an unexpected gold find that will result in income being generated considerably sooner than expected. From next month, West Wits Mining, headed... 

West Wits MD Jac van Heerden interviewed by Mining Weekly's Martin Creamer. Video and Video Editing: Darlene Creamer

Implats tables RBPlat share offer in circular to shareholders 

By: Donna Slater     17th January 2022 JSE-listed platinum group metals (PGMs) miner Impala Platinum (Implats) has issued an offer circular to shareholders of midtier PGM miner Royal Bafokeng Platinum (RBPlat) on January 17 as it proposes to acquire all RBPlat shares it does not already hold. As at January 7, it held 102.05-million... 

Implats CEO Nico Muller
Implats CEO Nico Muller

Rio reports tough end to the year

By: Esmarie Iannucci     Updated 3 hours ago Diversified major Rio Tinto has seen a drop in production across all of its commodities for the full year ending December, and in the last quarter of the year, compared with the previous corresponding period. CEO Jakob Stausholm said that in 2021, Rio continued to experience strong demand for... 

Image shows hard hats and high-vis vests with the Rio insignia

Affordability concerns come to fore as Eskom outlines case for 20.5% hike 

By: Terence Creamer     17th January 2022 State-owned electricity utility Eskom has again insisted that its 2022/23 allowable revenue application, together with already approved regulatory clearing account (RCA) determinations, will translate to a hike of 20.5% in the standard tariff from April 1 if granted in full by the regulator.... 

Eskom CFO Calib Cassim
Photo by Creamer Media's Donna Slater
Eskom CFO Calib Cassim

Green hydrogen best long-term opportunity to decarbonise hard-to-abate carbon emitters – Gungubele 

By: Donna Slater     17th January 2022 Hard-to-abate carbon emissions-intensive sectors – such as heavy-duty transport, aviation, maritime and heavy industries – may be able to reduce their emissions through the use of green hydrogen produced at a deep-water harbour facility in Boegoebaai, 60 km north of Port Nolloth. The Boegoebaai... 

Hydrogen from power graphic

Hydrogen economy can support new manufacturing, energy security for developing economies

By: Schalk Burger     17th January 2022 Green hydrogen could disrupt global trade and bilateral energy relations, reshaping the positioning of States, with new hydrogen exporters and users emerging, says renewable energy intergovernmental organisation the International Renewable Energy Agency (Irena). “It is green hydrogen that will... 

De Beers implements big diamond price hike as demand runs hot

By: Bloomberg     17th January 2022 De Beers pushed through one of its most aggressive diamond price increases in recent years as the world’s biggest producer of the stones cashes in on a buying frenzy for uncut gems. De Beers raised prices by about 8% at its first sale of the year, according to people familiar with the situation... 

An image of rough diamonds

Gold steady as investors weigh policy outlook, omicron concerns

By: Bloomberg     17th January 2022 Gold was steady as investors weighed the outlook for tighter monetary policy and the threat of the omicron virus variant to the global economic recovery. Billionaire investor Bill Ackman said the Federal Reserve is losing its battle against inflation and should raise its key interest rate by a... 

Gold steady as investors weigh policy outlook, omicron concerns

GoldStone completes second gold pour at Ghana project

By: Tasneem Bulbulia     17th January 2022 Aim-listed GoldStone Resources has completed its second gold pour at the Homase mine, in the Ashanti Gold Belt, in Ghana. The first pour on November 30, 2021, yielded about 14.46 kg of gold doré and the second pour has yielded 28.50 kg of gold doré. 

Endeavour boasts strongest exploration year yet

By: Marleny Arnoldi     17th January 2022 London- and Toronto-listed Endeavour Mining has reported its strongest year for exploration yet, adding three-million measured and indicated ounces to its flagship mines in West Africa – Ity, Houndé and Sabodala-Massawa. The company says it is now well positioned to achieve its five-year... 

Transnet highlights turnaround at Richards Bay Bulk Terminal

By: Tasneem Bulbulia     17th January 2022 The loading rate of vessel MV Braverus at 1 205 t/h for a total of 167 341 t of magnetite, which was completed on January 14, is an early indicator of recovery at the Richards Bay Bulk Terminal, Transnet Port Terminals (TPT) highlights in a statement. It notes that this performance comes just a... 

An image showing the MV Braverus loading magnetite at the Richards Bay Bulk Terminal
MV Braverus loading magnetite at the Richards Bay Bulk Terminal

BlueRock reports higher full-year grade, output and carats sold

By: Tasneem Bulbulia     17th January 2022 Aim-listed BlueRock Diamonds achieved higher production, considerable grade increases and a 41% increase in carats sold for 2021, executive chairperson Mike Houston says. The company owns and operates the Kareevlei diamond mine, in the Kimberley region of South Africa. 

Altus appoints corporate development VP

By: Donna Slater     17th January 2022 Aim- and TSX-V-listed Altus Strategies has appointed Michael Starke corporate development VP, with immediate effect.   With over 14 years’ experience in corporate finance in the natural resources industry, he was previously LSE- and TSX-listed copper and gold explorer SolGold corporate finance... 

An image of Altus Strategies corporate development VP Michael Starke
Newly appointed Altus Strategies corporate development VP Michael Starke

Metso Outotec to start next phase in the development of its Metals business

By: Tasneem Bulbulia     17th January 2022 Metso Outotec will take the next structural development steps in its business portfolio, following the completed integration of its Minerals business and the successful turnaround of its Metals business. Metso is a process technology, equipment and services company serving the minerals, metals... 

Oriole says Faré prospect may become a standalone mine

By: Marleny Arnoldi     17th January 2022 Aim-listed Oriole Resources has reported further promising drill results on the Senala gold project, in Senegal. The exploration is being conducted by Oriole’s joint venture partner Iamgold Corporation, which has the option to spend up to $8-million to earn a 70% interest in the project.  

Kavango resumes drilling at Botswana project after December break

By: Donna Slater     17th January 2022 London-listed explorer Kavango Resources has recommenced with drilling of the KSZDD002 hole at its Kalahrai Suture Zone project in Botswana, following a pause over the December holidays whereby the hole was sealed off at 350 m. On January 14, Mindea Exploration and Drilling mobilised the rig and... 

OreCorp to spin-off WA assets

By: Esmarie Iannucci     17th January 2022 ASX-listed gold developer OreCorp on Monday flagged plans to demerge its Western Australian exploration assets, allowing the miner to focus on the development of its Nyanzaga gold project, in Tanzania. OreCorp is proposing to demerge subsidiary Solstice Minerals, which holds the Western... 

Peru communities reject latest proposal to end Las Bambas mine conflicts

By: Reuters     Updated 20 minutes ago Leaders of a group of Peruvian communities said in a public hearing on Monday that they rejected a government proposal to prevent future blockades affecting the Las Bambas copper mine. Capacmarca district leaders said they would analyse the proposal for 15 days before deciding whether to once... 

Vale, other Brazil miners ramp up production as rains subside

By: Reuters     Updated 24 minutes ago Brazilian miners including Vale are resuming production in the southeastern state of Minas Gerais after halting some operations due to heavy rains that disrupted logistics and increased the risk of accidents. Vale said in a securities filing on Monday that the Brucutu and Mariana mines were... 

Calidus forms lithium JV

By: Esmarie Iannucci     Updated 35 minutes ago Junior Calidus Resources has formed a lithium exploration joint venture (JV) with Haoma Mining. The exploration company, which will be known as Pirra Lithium, will be assigned tenements and lithium rights across the most prospective lithium ground in the Calidus and Haoma portfolios. These... 

Kingstone completes Mineral Hill buy

By: Esmarie Iannucci     Updated 37 minutes ago ASX-listed Kingston Resources has completed the acquisition of the Mineral Hill mine, in New South Wales, marking its transition into the ranks of Australian gold producers. The company in November last year struck an agreement with US-based Quintana MH Holding Company to acquire the mine for... 

Woodside advances US hydrogen project

By: Esmarie Iannucci     Updated 3 hours ago Oil and gas major Woodside Energy has entered front-end engineering design (FEED) on a hydrogen project, awarding a FEED engineering services contract to Kellogg, Brown & Root LLC (KBR) in December, for its proposed H2OK project in Oklahoma. H2OK is a liquid hydrogen production facility proposed... 

Kirkland Lake finishes year strong; Agnico deal to close soon

By: Mariaan Webb     17th January 2022 Bullion producer Kirkland Lake, which is merging with Agnico Eagle, has finished 2021 with record full-year production, driven by a stellar performance from the Fosterville mine, in Australia. The miner produced 1.43-million ounces of gold in 2021, exceeding its original guidance of 1.3-million... 

An image of the Detour Lake mine, in Canada
Detour Lake in Ontario, Canada

Boliden to resume nickel output at Harjavalta smelter soon

By: Reuters     17th January 2022 Swedish mining and smelting group Boliden expects to resume nickel production at its Harjavalta smelter in the near future, it said on Monday. The company said three weeks ago that nickel output at the smelter in Finland had been stopped due to a slag explosion, adding the plant was expected to... 

Boliden to resume nickel output at Harjavalta smelter soon

Nornickel says 2021 nickel sales were unaffected by export tax

By: Reuters     17th January 2022 Russia's Nornickel, the world's largest producer of refined nickel, said on Monday that the state export tax, which Moscow had imposed between August and December of 2021, did not affect the amount of its nickel exports. Russian exporters of nickel, steel, aluminium and copper paid extra export... 

Vale resumes Minas Gerais operations after heavy rains

By: Reuters     17th January 2022 Brazilian miner Vale said on Monday it has partially resumed operations in the state of Minas Gerais after being forced to halt some mines a week ago due to heavy rains that increased the risk of accidents and caused logistics disruptions. According to a securities filing, the stoppages caused... 

China coal output hits record in Dec and in 2021

By: Reuters     17th January 2022 China's coal output hit record highs in December and in the full year of 2021, as the government continued to encourage miners to ramp up production to ensure sufficient energy supplies in the winter heating season. China, the world's biggest coal miner and consumer, produced 384.67-million... 

Taseko copper production slips

By: Mariaan Webb     17th January 2022 Copper miner Taseko Mines has reported lower copper production and sales for 2021, as the company suffered major weather-related disruptions in the final quarter of the year. The TSX- and NYSE American-listed miner produced 112-million pounds of copper and sold 105-million pounds from the... 

FFI signs MoU with Germany's Covestro

By: Esmarie Iannucci     17th January 2022 The green energy arm of iron-ore miner Fortescue Metals, Fortescue Future Industries (FFI) has flagged a long-term green hydrogen supply agreement with German high-tech polymer materials supplier, Covestro. Under a memorandum of understanding (MoU), the two companies will formalise an agreement... 

Two killed in Niger uranium mine collapse, company says

By: Reuters     17th January 2022 Two people have died and two others were injured in a collapse at French nuclear group Orano's Cominak uranium mine in Niger, Cominak said in a statement on Sunday. The cause of Saturday's collapse was not clear but it occurred during "dismantling" of the mine, which officially stopped producing... 

ABR's NASDAQ listing on track

By: Esmarie Iannucci     17th January 2022 ASX-listed American Pacific Borates (ABR) was on track to complete its listing on the NASDAQ by February. The company on Monday announced that it had received comments from the US Securities and Exchange Commission (SEC), requesting additional administrative clarification. 

Alberta prioritises oil sands' carbon storage hub, Energy Minister says

By: Reuters     17th January 2022 The government of Alberta, Canada's main oil-producing province, plans to move forward "very, very quickly" on its next carbon sequestration hub in the Cold Lake region that will serve oil sands producers, Energy Minister Sonya Savage told Reuters. Alberta is currently accepting requests for... 

Chile court halts lithium auction days after quotas awarded

By: Reuters     17th January 2022 A Chilean court on Friday ordered the suspension of a lithium contracts auction that took place earlier this week, part of a plan by the South American country to boost production of the coveted mineral used in car batteries. An appeals court ordered the suspension, which was requested by the... 

Brazil prosecutors appeal to Supreme Court in collapsed dam case

By: Reuters     17th January 2022 Prosecutors for the Brazilian state of Minas Gerais appealed to the country's Supreme Court (STF) on Friday over a ruling that transferred to the federal judiciary a criminal case surrounding the deadly collapse of a tailings dam in 2019 that killed 270 people. In January 2020, state... 

Senex completes APLNG buy

By: Esmarie Iannucci     17th January 2022 Oil and gas major Senex has finalised the acquisition of two undeveloped gas fields from the Australia Pacific Liquefied Natural Gas (APLNG) project owners. The gas fields are adjacent to Senex’s Atlas field. 

BCI gets EPBC approval for Mardie

By: Esmarie Iannucci     17th January 2022 The federal Department of Water, Agriculture and Environment (DAWE) has issued ASX-listed BCI Minerals with the Commonwealth Environment Protection and Biodiversity Conservation (EPBC) Act approval for its Mardie salt and potash project, in Western Australia. BCI told shareholders on Monday... 

Hastings gets EPA backing

By: Esmarie Iannucci     17th January 2022 The Western Australian Environmental Protection Authority has granted ASX-listed Hastings Technology Metals key environmental permits for its Yangibana rare earths project, in Gascoyne region, allowing for early site work to start. Hastings said on Monday that it had received approval from the... 

South32 delivers PFS for Arizona mine

By: Esmarie Iannucci     17th January 2022 Diversified miner South32 on Monday has tapped the Taylor deposit, at its Hermosa project in Arizona, as its first ‘next generation mine’. A prefeasibility study (PFS) into the polymetallic metals project has estimated an annual average production of 111 000 t of zinc, some 138 000 t of lead... 

South32 delivers PFS for Arizona mine

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