R/€ = 17.03 Change: 0.02
R/$ = 16.33 Change: 0.00
Au 1810.71 $/oz Change: 1.85
Pt 887.00 $/oz Change: 1.00

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New Anglo strategy director excited by mining’s green energy transition 

By: Martin Creamer     4th July 2022 The newly appointed group director of strategy and business development of diversified mining company Anglo American on Monday singled out mining’s green energy transition in commenting on the excitement of her new appointment. Helena Nonka, who is currently executive VP of corporate development... 

Picture supplied.
New Anglo American group director of strategy and business development Helena Nonka.

South32 diversifying to meet sustainability demands

By: Tasneem Bulbulia     4th July 2022 Diversified miner South32 has undergone substantial change in the past year and has evolved considerably since its formation in 2015, with the company working to reshape its portfolio to become a global, diversified producer of the metals critical to a low-carbon future, South32 chief development... 

Gold teeters above $1 800 as lower yields counter dollar strength

By: Reuters     4th July 2022 Gold inched higher in choppy trade on Monday, as weakness in Treasury yields kept prices above the $1 800 mark and marginally outweighed pressure stemming from an elevated US dollar. Spot gold was up 0.1% at $1 811.76/oz, as of 05:44 GMT. US gold futures rose 0.7% to $1 813.70. Bullion prices... 

CTC aims to get ahead of skills lag by working with equipment manufacturers, technology researchers

By: Schalk Burger     4th July 2022 Mining industry training company the Colliery Training Centre (CTC) has established links with various original-equipment manufacturers (OEMs), technology research organisations and employers to enable it to train students and employees on the latest equipment and technologies emerging in the... 

CTC CEO Manyabela Mailula
CTC CEO Manyabela Mailula

Guinea halts Simandou iron-ore project work again

By: Reuters     4th July 2022 Guinea's mines minister has ordered all work related to the Simandou iron ore mine project halted after the two companies involved missed an extended deadline to agree on a joint venture, a letter seen by Reuters showed on Monday. Rio Tinto and Chinese-backed consortium Winning Consortium... 

Guinea halts Simandou iron-ore project work again

Barrick’s Loulo-Gounkoto set to meet guidance

By: Mariaan Webb     4th July 2022 The Loulo-Gounkoto mine is on track to meet its production guidance of 510 000 oz to 560 000 oz for 2022, despite the sanctions imposed on Mali by the Economic Community of West African States (Ecowas). A robust supply chain and strong partnerships helped Loulo-Gounkoto to withstand the... 

Barrick’s Loulo-Gounkoto set to meet guidance

Firefinch details 'forward plan' for underperforming Morila 

By: Mariaan Webb     4th July 2022 Australia-based Firefinch on Monday outlined a ‘forward plan’ for the Morila gold mine, in Mali, after the company withdrew its full-year guidance, owing to a slower-than-planned ramp up that resulted in the full-year guidance being withdrawn. Morila, which the miner bought from Barrick and... 

Firefinch details 'forward plan' for underperforming Morila 

EU plans hydrogen deal with Namibia as it pulls away from Russian energy

By: Reuters     4th July 2022 The European Union (EU) is planning a deal with Namibia to support the country's nascent green hydrogen sector and boost its own imports of the fuel, EU and Namibian officials said, as the bloc works to reduce its dependence on Russian energy. Hydrogen has long been touted as a less... 

An image of renewables and hydrogen infrastructure

Firering increases stake in Côte d'Ivoire project to 77%

By: Tasneem Bulbulia     4th July 2022 Aim-listed Firering Strategic Minerals has increased its stake in its flagship Atex lithium/tantalum project, in Côte d'Ivoire, from 51% to 77%. The company has acquired 10% of the issued shares in Atex Mining Resources in exchange for 1.16-million shares in the company with a 12-month lock-in... 

Panthera starts IP survey at Burkina Faso project

By: Tasneem Bulbulia     4th July 2022 Aim-listed Panthera Resources has started an induced polarisation (IP) survey at its Bido project in Burkina Faso. The survey will cover the higher-priority targets that are accessible before the onset of the wet season in the third quarter. 

Billionaire Oppenheimer wins ban on mining at Zimbabwe farm

By: Bloomberg     4th July 2022 Billionaire Nicky Oppenheimer, South Africa’s second-richest man, won a court order to temporarily halt mineral exploration on his private family ranch in Zimbabwe. Pearline Mineral Exploration must cease any mining activities on the 65,000-hectare (251-square mile) Shangani Ranch, according to a... 

Copper sinks to 17-month low as slowdown fears mount

By: Reuters     4th July 2022 Copper prices dropped to a fresh 17-month low on Monday as renewed lockdowns in top consumer China and the prospects of aggressive rate hikes stoked fears of global economic slowdown, denting demand for metals. Three-month copper on the London Metal Exchange was down 1.4% at $7 938/t, as of... 

Plans under way to extend the ADGSM

By: Esmarie Iannucci     Updated 6 minutes ago The federal government is looking to extend the Australian Domestic Gas Security Mechanism (ADGSM) until 2030 to ensure the mechanism can be available to help secure ongoing domestic gas supplies to the next decade. Minister for Resources and Northern Australia Madeleine King said the existing... 

Osisko’s Gaspé copper project option extended

By: Mariaan Webb     4th July 2022 TSX-V-listed Osisko Metals’ option to acquire the Gaspé copper project from Glencore Canada has been extended to the end of the week, the company announced on Monday. Osisko in March announced the option to acquire the past-producing eastern Quebec copper mine, and said at the time that it had... 

Alara forms JV to bid for Saudi zinc-copper exploration licence

By: Darren Parker     4th July 2022 ASX-listed metals explorer and developer Alara Resources is hopeful that it will return to Saudi Arabia, announcing on Monday that it had formed a joint venture (JV) to bid for the award of a 353 km2 exploration licence that includes the company’s former Khnaiguiyah zinc-copper project. Alara... 

EcoGraf appoints new COO

By: Darren Parker     4th July 2022 Battery anode materials company EcoGraf has appointed experienced executive Dale Harris as COO to drive the development of its integrated battery graphite businesses. Harris spent 20 years working for diversified mining major Rio Tinto, becoming Rio Tinto Iron Ore COO and filling several GM... 

Battery material lithium isn't a health threat - industry groups

By: Reuters     4th July 2022 Electric vehicle battery material lithium should not be classified as a hazardous substance by the European Union because the scientific evidence on which the proposal is based is weak, seven industry groups said. Lithium was added to the EU's list of critical raw materials in 2020 because it is... 

UK launches data centre for critical minerals

By: Reuters     4th July 2022 Britain on Monday launched a centre to gather data and analyse information on the supply of critical minerals such as cobalt and lithium, key for electric vehicle (EV) batteries. The centre, to be run by the British Geological Survey, will use the data to help to find ways to source minerals... 

Calidus progresses Warrawoona ramp-up

By: Darren Parker     4th July 2022 ASX-listed Calidus Resources poured 8 916 oz of gold in the June quarter during the commissioning and ramp up of the Warrawoona gold project in the Pilbara Goldfield of Western Australia, with an additional 1 192 oz of gold in circuit. The quarter saw the first gold poured in May following the... 

Gold pour

Highfield signs €23m term sheet for equipment leasing

By: Darren Parker     4th July 2022 ASX-listed Highfield Resources has signed a €23.3-million non-binding indicative term sheet with financial services group Macquarie for an equipment operating lease facility for the Muga potash mine in Spain, subject to contract and Macquarie completing its final due diligence and all requisite... 

Coda sells Mt Piper to Kalamazoo

By: Darren Parker     4th July 2022 ASX-listed Coda Minerals has agreed to divest its Mt Piper gold project in central Victoria, to fellow-listed Kalamazoo Resources for a consideration package comprising a combination of upfront cash, shares and a future production royalty. Mt Piper was inherited by Coda as part of its recently... 

NeuRizer signs A$1.5bn urea offtake agreement with Daelim

By: Darren Parker     4th July 2022 ASX-listed NeuRizer has signed a binding, long term take or pay offtake agreement with petrochemicals company Daelim subsidiary DL Trading for 500 000 t/y of granular urea fertiliser at an index-linked price. The company said the agreement brought its flagship NeuRizer urea project (NRUP) closer... 

3D rendering of the NeuRizer urea project
3D rendering of the NeuRizer urea project

Phoenix launches novel bond linked to copper price

By: Reuters     4th July 2022 London-listed mining company Phoenix Copper is due to launch up to $80-million of bonds linked to the copper price this week, targeting investors bullish on the long-term outlook for the metal despite a recent downtrend, the chairman said. Mining companies often raise money by issuing shares or... 

Glencore going all-electric at new Canada mine, says Epiroc

By: Mariaan Webb     4th July 2022 Diversified mining company Glencore has ordered a full fleet of battery-electric equipment for use at its Onaping Depth Project at the Sudbury integrated nickel operations, in Canada, says mining equipment manufacturer Epiroc. The nickel and copper mine is located below the existing Craig mine... 

An image of a battery operated mine truck
Epiroc’s Minetruck MT42 battery is part of the order by Glencore

Cash-strapped Nevada Copper suspends Pumpkin Hollow mining activities

By: Mariaan Webb     4th July 2022 Copper mine developer Nevada Copper has suspended most mining activities at its Pumpkin Hollow underground mine and has warned that the company is in default of its obligations under certain financing and contractual arrangements. Nevada Copper, which previously warned of its liquidity... 

Cash-strapped Nevada Copper suspends Pumpkin Hollow mining activities

Vale secures natural gas supply for 100% of pelletizing ops

By: Reuters     4th July 2022 Brazilian miner Vale said on Friday it has signed a deal allowing it to secure natural gas supply for 100% of its pelletizing operations from 2024 as it looks to reduce carbon emissions. According to a statement, the newly-announced deal will be focused on its Sao Luis pelletizing plant and... 

Miners take a stand against Qld govt

By: Esmarie Iannucci     4th July 2022 Industry bodies the Queensland Resources Council (QRC), its exploration arm, the Queensland Exploration Council (QEC) and the Association of Mining and Exploration Companies (AMEC) will not attend the Queensland government’s launch of the Queensland Resources Industry Development Plan (QRIDP), in... 

Chile plans to raise copper mining royalties and reform tax system

By: Reuters     4th July 2022 Chile's finance minister, Mario Marcel, on Friday introduced a tax reform bill that increases copper mining royalties on companies that produce more than 50 000 t/y and raises taxes on high-income earners to fund the government's proposed social programs and reforms. Chile is the world's top... 

Genesis planning a big sweep in Leonora

By: Esmarie Iannucci     4th July 2022 Merger talks are afoot in the Leonora Province in Western Australia, with gold miner St Barbara on Monday confirming that it had resumed talks with fellow-listed Genesis Minerals. Talks between St Barbara and Genesis fizzled out last month, with Genesis saying that it had abandoned talks with St... 

Australian resources exports to set new records

By: Esmarie Iannucci     4th July 2022 Australia’s resource and energy export earnings are estimated to be worth A$405-billion in 2021–22, and is forecast to rise to A$419-billion in 2022–23, delivering two successive record years, the Office of the Chief Economist reported on Monday. As world supply responds to high prices and... 

Image shows container ships at Port Hedland

Mining companies undertaking strategies to unlock net-zero targets

By: Tasneem Bulbulia     1st July 2022 To address the climate emergency, governments and businesses are responding and mining companies are committing to minimising greenhouse -gas emissions with a goal of reaching net zero by about 2040 or 2050; however, this will be challenging and requires new ways of thinking. This was noted by... 

TFR signs cross-border agreement with Railways of Mozambique 

By: Schalk Burger     1st July 2022 State-owned rail agency Transnet Freight Rail (TFR) has signed a cooperation agreement with Mozambique State agency Ports and Railways of Mozambique (CFM) to implement an immediate train run-through model that will result in the export of chrome and ferrochrome moving seamlessly from Belfast, in... 

First production achieved at standalone nickel laterite heap leaching operation in Brazil

By: Darren Parker     1st July 2022 Following an 18 month construction and commissioning period, continuous nickel production has begun at privately held UK company Brazilian Nickel’s Piauí nickel project (PNP) in Brazil, which the world’s first stand-alone nickel laterite heap leaching operation. In 2016 and 2017, Brazilian Nickel... 

Bushveld narrows loss by $7m

By: Marleny Arnoldi     1st July 2022 Aim-listed Bushveld Minerals has met the upper end of its 2021 revised guidance of between 3 400 t and 3 600 t of vanadium, producing 3 592 t for the year ended December 31. The majority of vanadium was produced in the second half of the year following operational improvements implemented by... 

Focus on ‘core underlying issues’ to tackle load-shedding crisis – EIUG 

By: Terence Creamer     1st July 2022 Ending the current restrictions to the addition of new generation capacity and addressing Eskom’s deteriorating generation performance are key to arresting intensifying load-shedding, the Energy Intensive Users Group (EUIG) asserts. CEO Fanele Mondi said in a statement the recent illegal... 

A power line tower

IGO to acquire 70% stake in Matsa’s Fraser Range tenements

By: Darren Parker     1st July 2022 ASX-listed Matsa Resources has entered into an agreement with exploration company IGO Newsearch, whereby IGO will acquire a 70% interest in the copper/nickel Symons Hill project as well as Matsa’s other Fraser Range tenements in Western Australia. Under the terms of the agreement, IGO will pay... 

Oceana Lithium begins trading on ASX

By: Darren Parker     1st July 2022 Mineral exploration and development company Oceana Lithium started trading on the ASX on Friday under the code OCN. The listing follows the successful and oversubscribed initial public offering (IPO) of Oceana, which raised A$6-million in new equity. This included a A$1-million cornerstone... 

India raises import tax on gold to support rupee

By: Reuters     1st July 2022  India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen demand and bring down the trade deficit. Local gold prices jumped to an over two-month peak of 52 032 rupees per 10... 

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