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Mine haulage transition to electric offered without disruption   

By: Martin Creamer     Updated 5 hours ago If the world were to electrify every mine truck, it would stop 198 000 t of carbon dioxide (CO2) a day from entering the atmosphere, which equates to a single electrified mining truck eliminating what would take 46 000 trees to absorb. That mammoth sustainability benefit was driven home firmly... 

ABB's Erik Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Zijin invests in 5G solution to create a smart South African mine

By: Marleny Arnoldi     Updated 3 hours ago Global miner Zijin Mining Group’s subsidiaries South Africa Zijin Platinum and Nkwe Platinum have partnered with telecommunications company MTN and technology group Huawei to build a fifth-generation wireless technology-enabled (5G-enabled) platinum mine. This will mark a significant step... 

Nkwe Platinum's Zijin Garatau mine
Nkwe Platinum's Zijin Garatau mine

Eskom attributes three stages of load-shedding to wildcat strike 

By: Terence Creamer     Updated 3 hours ago Embattled power utility Eskom has attributed three stages of the current load-shedding, which is being implemented daily at between Stage 4 and Stage 6, directly to the illegal strike under way at varying levels of intensity across its coal fleet. Speaking against the backdrop of a resumption of... 

Eskom CEO André de Ruyter
Photo by Creamer Media Chief Photographer Donna Slater
Eskom CEO André de Ruyter

Gold keeps its shine for investors as other precious metals fade

By: Bloomberg     Updated 3 hours ago Investors cut holdings in exchange-traded funds for silver, platinum and palladium in the second quarter on fears that a potential recession will reduce industrial demand, but gold assets held up because of its role as a haven, and that may persist. Gold-backed ETFs shrank by just over 1% in the... 

Gold keeps its shine for investors as other precious metals fade

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

By: Terence Creamer     Updated 45 minutes ago 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

Metals set for worst quarter since 2008 on global downturn angst

By: Bloomberg     30th June 2022 Base metals headed for the worst quarterly slump since the global financial crisis in 2008 as China’s economy recovered only gradually and fears of a world recession intensified. The London Metal Exchange Index has tumbled 23% since the end of March, although the decline has been magnified due... 

Metals set for worst quarter since 2008 on global downturn angst

Copper slumps to 17-month low as recession fears haunt markets

By: Reuters     Updated 5 hours ago Copper prices tumbled to a near 17-month low on Friday and were set for their fourth consecutive weekly decline, as fast-rising interest rates and weak economic data stoked fears of a global recession, which would dent demand for metals. Other industrial metals also fell, with zinc dropping over... 

Copper slumps to 17-month low as recession fears haunt markets

Iron-ore tumbles as recession fears fuel commodities selloff

By: Reuters     Updated 5 hours ago Iron-ore and steel prices tumbled on Friday as prospects of a sharp global economic downturn fanned fears of a slump in demand for commodities, despite signs of a rebound in manufacturing activity in top metals consumer China. The spectre of a global recession fed an already clouded demand... 

Energy export, Pan African, Orion make headlines   

Updated 6 hours ago Mining Weekly Editor Martin Creamer South Africa's potential to be an energy exporter; Pan African's definitive feasibility study on Mogale Gold’s tailing storage facilities; and Orion’s capital raise for its copper and zinc mine, Prieska.   

Energy export, Pan African, Orion make headlines

First production achieved at stand-alone nickel laterite heap leaching operation in Brazil

By: Darren Parker     Updated 6 minutes ago 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     Updated 9 minutes ago 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... 

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

By: Darren Parker     Updated 1 hour 49 minutes ago 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     Updated 1 hour 53 minutes ago 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     Updated 2 hours 16 minutes ago  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... 

Bowen completes acquisition

By: Darren Parker     Updated 3 hours ago ASX-listed Bowen Coking Coal has completed its 100% buyout of the shares in coal company New Lenton Coal, which it called a transformational transaction for the company. New Lenton holds a 90% interest in the Lenton joint venture (JV), which owns the Lenton coal project and Burton coal mine in... 

Carbine’s Sandbox buy falls through

By: Mariaan Webb     Updated 5 hours ago Junior Carbine Resources said on Friday that its proposed acquisition of the Sandbox silica sands project, in Queensland, from FNQ Sands had fallen through. “It has been determined by the company that the condition precedent regarding the approval of Carbine shareholders will not be able to be... 

US miners back Supreme Court’s EPA ruling

By: Mariaan Webb     Updated 5 hours ago The National Mining Association (NMA) has welcomed the US Supreme Court’s ruling on Thursday that the Environmental Protection Agency (EPA) cannot pass sweeping regulations that could overhaul entire industries without additional congressional approval. The 6-3 ruling interpreting the US Clean... 

An image of a coal-fired power station

Spanish Parliament rejects motion to make mining approvals more difficult

By: Darren Parker     Updated 6 hours ago The Spanish Parliament has rejected a motion by democratic socialist electoral alliance Unidas Podemos that would have made it more difficult to secure approvals for new mining projects and would have also increased taxes on existing mineral producers. On June 23, the motion was outvoted by an... 

Rhyolite Ridge operator ioneer starts trading on Nasdaq

By: Mariaan Webb     1st July 2022 Emerging lithium/boron supplier ioneer has begun trading on the Nasdaq under an American Depositary Receipt (ADR) listing, in addition to its existing primary listing on the Australian exchange. The ADRs began trading on the Nasdaq on Thursday under the symbol IONR. 

Midas expands portfolio, appoints Calderwood MD

By: Mariaan Webb     1st July 2022 Western Australia-baased junior explorer Midas Minerals has appointed experienced mining executive Mark Calderwood to the board in the of MD, as the company moves to expand its project portfolio, including exercising an option to acquire the Newington lithium/gold project. Calderwood has served... 

Orea in talks to buy out sanctioned partner in Montage d’Or JV

By: Creamer Media Reporter      1st July 2022 TSX-listed Orea Mining is pursuing a potential transaction to own 100% of the five-million-ounce Montage d’Or gold deposit in French Guiana, announcing on Thursday that it has initiated negotiations with Nordgold to obtain its 55.02% interest in the joint venture (JV). Owning the Montagne d’Or... 

Macron says deep-sea mining must not go ahead

By: Reuters     1st July 2022 French President Emmanuel Macron said on Thursday a legal framework was needed to stop deep-sea mining from going ahead and urged countries to put their money on science to better understand and protect the world's oceans. There is growing international interest in deep-sea mining but there is... 

French President Emmanuel Macron
French President Emmanuel Macron

California approves lithium tax despite industry's warnings

By: Reuters     1st July 2022 California on Thursday approved a plan to tax the electric vehicle battery metal lithium to generate revenue for environmental remediation projects despite industry concerns that it will harm the sector and delay shipments to automakers. Governor Gavin Newsom, a Democrat, approved the tax as... 

Magazine round up | 01 July 2022 

1st July 2022 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 01 July 2022

Supreme Court curbs EPA’s climate authority in blow to Biden

By: Bloomberg     30th June 2022 The US Supreme Court restricted the Environmental Protection Agency’s authority to curb greenhouse gases from power plants, siding with coal-mining companies and Republican-led states in a blow to President Joe Biden’s climate-change agenda. The 6-3 ruling interpreting the US Clean Air Act is... 

 An image of the Supreme Court building
Supreme Court building

Anglo enters deal to accelerate rollout of nuGen zero emissions haulage solution 

By: Chanel de Bruyn     30th June 2022 Diversified miner Anglo American is in exclusive negotiations with specialist engineering technology company First Mode Holding and has agreed nonbinding terms to establish a combined business to accelerate the rollout of Anglo's nuGen hydrogen-powered Zero Emissions Haulage Solution (ZEHS). The... 

Anglo American's nuGen haulage truck
Anglo American's nuGen haulage truck

Bauba subsidiary Nuco Chrome granted eight-year mining right

By: Donna Slater     30th June 2022 Platinum and chrome miner Bauba Resources reports that its 74%-owned exploration company Nuco Chrome business has been granted a mining right, which is valid for eight years. The mining right – notarially executed on June 23 – came into effect on June 3, and will end on June 2, 2030.  

Exxaro highlights strong European coal demand, while local rail challenges persist

By: Marleny Arnoldi     30th June 2022 Diversified mining and energy group Exxaro Resources says high-quality thermal coal remains significantly in demand as the Russia/Ukraine war persists. The company reported in a pre-close statement issued on June 30 that the first half of the year has seen worsened supply chain disruptions... 

Exxaro highlights strong European coal demand, while local rail challenges persist

DRA, Senet appointed to conduct Tiris FEED study

By: Donna Slater     30th June 2022 ASX- and Aim-listed uranium and polymetallic miner Aura Energy has engaged with engineering consultants DRA Global, and its wholly-owned subsidiary Senet, to start Phase 1 of the Mauritania-based Tiris uranium front-end engineering design (FEED) study. The FEED study for its 85%-owned Tiris... 

Fertoz, Excel to develop US fertiliser pelleting plant

By: Tasneem Bulbulia     30th June 2022 ASX-listed Fertoz has announced a joint venture with Montana-based Excel Industries to develop a fertiliser pelleting plant in the US. Fertoz will work with Excel and its affiliate Range Cubes Mill, based in Kinsey, Montana, to create a fertiliser pellet product containing nitrogen, phosphorous... 

Volt undertakes share placement to restart graphite production in Ukraine

By: Tasneem Bulbulia     30th June 2022 ASX-listed Volt Resources has received firm commitments from professional and sophisticated investors for a placement to raise A$1.72-million. Volt chairperson Asimwe Kabunga subscribed for fully paid ordinary shares and unlisted options for an additional A$284 000 on the same terms as the... 

Cyprium to raise A$26m for copper projects

By: Tasneem Bulbulia     30th June 2022 ASX-listed Cyprium Metals has announced a capital raising via a placement and a pro rata non‐renounceable rights issue to raise up to A$26-million before costs. The company has received firm commitments in respect of a placement to issue about 139.1-million new shares at 11.5 c each to raise... 

Queensland State budget to boost resources industry

By: Tasneem Bulbulia     30th June 2022 A State Budget pack of A$68.5-million is set to boost Queensland's resources industry, including transforming the state’s new economy minerals sector into a long-term pit-to-product industry. Resources Minister Scott Stewart said that this week’s Budget was expected to inject millions into the... 

AfriTin's Robert Sewell joins Mkango as CFO

By: Creamer Media Reporter      30th June 2022 Aim- and TSX-V-listed Mkango Resources has appointed Robert Sewell CFO.  Sewell joins the company from AfriTin Mining, where he was CFO during the construction and commissioning of its Uis tin mine, in Namibia.  

Eastplats appoints new CEO

By: Creamer Media Reporter      30th June 2022 Platinum group metals miner Eastern Platinum (Eastplats) has appointed Wanjin Yang as CEO, effective immediately. He is a senior exploration geologist with over 30 years’ of experience in major mineral exploration projects, corporate management and corporate development. He previously was the... 

China's Huayou to explore Zimbabwe lithium plant 'when conditions are right'

By: Reuters     30th June 2022 Huayou Cobalt 603799.SS on Thursday said it could not immediately commit to producing battery-grade lithium in Zimbabwe after the country's competition authority made that a condition of its takeover of a lithium mine.  China's biggest cobalt refiner acquired the hard-rock Arcadia lithium mine,... 

Petra ends its financial year with strong sales in the latest tender

By: Creamer Media Reporter      30th June 2022 London-listed Petra Diamonds' sixth tender for the 2022 financial year earned it $93-million in revenue from the sale of 569 496 ct of diamonds. “The Tender 6 results conclude a strong year for Petra’s diamond sales both in terms of pricing and the demand we have seen. The significant interest... 

Sibanye to raise stake in Finland's Keliber to 80% 

By: Mariaan Webb     30th June 2022 Finnish lithium company Keliber has negotiated a financing arrangement with South Africa-based Sibanye-Stillwater that will enable its lithium project in the Ostrobothnia area to progress to the construction phase. The two-phase arrangement will see Sibanye-Stillwater increase its shareholding... 

Sibanye to raise stake in Finland's Keliber to 80%

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Mine haulage transition to electric offered without disruption

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Magazine round up | 01 July 2022

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Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90%

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