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South Africans urged to turn exploration into Big Hairy Audacious Goal  

By: Martin Creamer     24th September 2022 South Africans have been urged to rally around exploration as this country's Big Hairy Audacious Goal – a BHAG – so that what is described as "our lowest hanging economic fruit" can be turned to positive account. Council for Geoscience CEO Mosa Mabuza, who was speaking in support of the junior... 

Council for Geoscience CEO Mosa Mabuza, covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Goldplat appoints Kisbey-Green as chair, Gerard Kemp joins board 

By: Creamer Media Reporter      26th September 2022 Gold recovery company Goldplat, which is listed on London’s Aim, on Monday announced the appointment of Gerard Kisbey-Green – a nonexecutive director and former CEO – as nonexecutive chairperson of the company. He is succeeding Matthew Robinson, who in May announced his intention to resign as a... 

An image of Goldplat CEO Gerard Kisbey-Green
Goldplat CEO Gerard Kisbey-Green

Firefinch puts breaks on A$90m placement  

By: Darren Parker     26th September 2022 The recapitalisation plan that Australia-based Firefinch unveiled last week to put its Morila gold mine, in Mali, back on track has hit a speed bump.   The ASX-listed company on Monday cancelled its proposed placement, citing recent downward movements in the US dollar gold price and the... 

The Morila mine in Mali
The Morila mine in Mali

Syrah reports 'illegal' industrial action at Mozambique graphite mine

By: Mariaan Webb     26th September 2022 ASX-listed Syrah Resources’ share price fell 18% on Monday, as the company exited its trading halt and announced that operations at its Balama graphite mine, in Mozambique, had been interrupted by “illegal industrial action”. The company halted operations at Balama last week Tuesday, owing to... 

Trevali to close Burkina Faso Perkoa zinc mine after deadly flood

By: Reuters     25th September 2022 Canadian mining firm Trevali will close its Perkoa zinc mine in Burkina Faso, a company official told Reuters on Friday, following a flood at the mine in April that killed eight workers. The miners drowned in the underground passages of the mine in Sanguie province after unexpected torrential... 

Trevali to close Burkina Faso Perkoa zinc mine after deadly flood

Anglo to begin copper shipments from Quellaveco, tweaks guidance

By: Mariaan Webb     26th September 2022 Diversified major Anglo American on Monday announced the start of commercial operations at its 300 000 t/y copper-equivalent Quellaveco project, in Peru, following the successful testing of operations and final regulatory clearance. The new mine would lift Anglo’s total global output by 10% in... 

An image of Anglo American CEO Duncan Wanblad
Anglo American CEO Duncan Wanblad says the delivery of a major new world-class copper mine is testament to the efforts of Anglo American's workforce in Peru.

RBPlats extends Manenzhe’s interim appointment

By: Creamer Media Reporter      26th September 2022 Platinum group metals miner miner Royal Bafokeng Platinum (RBPlat) has extended Rotshidzwa Manenzhe’s appointment as interim CFO until the end of December, the JSE-listed company reported on Monday. This comes as the long-stop date for the fulfilment of conditions relating to Impala Platinum’s... 

Atlantic Lithium starts trading on ASX

By: Marleny Arnoldi     26th September 2022 Ghana-focused lithium developer Atlantic Lithium has started trading on the ASX. The company’s secondary listing for 22.8-million shares, at a price of A$0.58 apiece, was fully subscribed to investors in Australia, New Zealand, Hong Kong and Singagore, on September 26.  

Blencowe starts DFS work on Orom-Cross project

By: Marleny Arnoldi     26th September 2022 London-listed Blencowe Resources has started with a definitive feasibility study (DFS) on the Orom-Cross graphite project, in Uganda. The company is in a process of selecting an experienced independent engineering firm to manage and sign off on the DFS. 

Grim demand outlook pushes copper prices to 2-month low

By: Reuters     26th September 2022 Copper prices dropped to two-month lows on Monday as fears of a global growth slowdown, weaker demand, a higher dollar and climbing stocks in London Metal Exchange (LME) registered warehouses sparked a sell-off. Benchmark copper CMCU3 on the LME was down 0.8% at $7 375 a tonne at 09:45 GMT. 

Invictus Energy starts drilling first exploration well in Zimbabwe

By: Reuters     26th September 2022 Australian-listed Invictus Energy has started drilling one of two exploration wells for oil and gas in the northern part of Zimbabwe, the company said on Monday. The 3.5-km deep well, situated in the Muzarabani-Mbire area, is part of the Cabora Bassa project in Zimbabwe, which is 80% owned and... 

Free State govt to build houses for Jagersfontein residents affected by dam burst

By: News24Wire      26th September 2022 The Free State government has announced it will be building about 160 houses for the Jagersfontein families who were displaced following a dam burst on September 11. Premier Sisi Ntombela said the province would be assisting the affected families with 160 new homes. Construction will start on... 

New fund-raising product appropriate for junior miners, says JSE  

By: Martin Creamer     23rd September 2022 The JSE has a new product that is appropriate for fund-raising by junior mining companies, JSE origination and deals head Sam Mokorosi said on Friday. Mokorosi, who was speaking at Minerals Council South Africa’s Junior and Emerging Miners Desk webinar, highlighted the new product against the... 

Minerals Council South Africa’s Junior Miner Webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nachu gets new costing

By: Esmarie Iannucci     Updated 1 minute ago An updated bankable feasibility study (BFS) into the Nachu graphite project, in Tanzania, has estimated that the project would require a capital investment of $324-million. ASX-listed Magnis Energy Technologies on Tuesday reported that the updated estimated that the five-million tonne a year... 

FFI strikes $80m investment deal with US' NREL

By: Esmarie Iannucci     Updated 7 minutes ago Iron-ore major Fortescue Metals’ green energy arm, Fortescue Future Industries (FFI) will invest some $80-million in a partnership with the US Department of Energy’s National Renewable Energy Laboratory (NREL) to create green jobs in America and advance green hydrogen production and... 

Santos gets $1.4bn offer for stake in PNG LNG

By: Esmarie Iannucci     Updated 11 minutes ago Oil and gas major Santos is mulling the sale of a 5% interest in the Papua New Guinea liquefied natural gas (PNG LNG) project after receiving a binding conditional offer from PNG national oil and gas company, Kumul Petroleum Holdings. Kumul is offering $1.4-billion for the stake, including a... 

Image shows a handshake

Manchin’s energy-permit Bill gets backing of US Chamber, with changes

By: Bloomberg     Updated 55 minutes ago The US Chamber of Congress is lobbying Congress for passage of Senator Joe Manchin’s bill that would make it easier to obtain permits for energy-related projects, while saying some changes are needed. The powerful business group encouraged the Senate to include the measure, as promised by Senate... 

An image of Senator Joe Manchin
Senator Joe Manchin

Argentine State-run miners launch first-time lithium project

By: Reuters     Updated 58 minutes ago Units of Argentina's state oil firm YPF will next month begin lithium exploration in a first-ever entry into the sector by state-run miners as the government aims to benefit from surging demand for the battery metal, according to a statement on Monday. Lithium prices have soared past $70 000/t... 

Colombia gov't agrees to ease tax changes to oil, mining

By: Reuters     Updated 1 hour 2 minutes ago Colombia's government agreed on Monday to modify a tax reform proposal under debate in congress and continue to allow oil and mining companies to deduct royalty payments from their taxes in the wake of a wave of industry criticism. The government has agreed to back continued royalty deductions... 

NorZinc ticks water licence approval box

By: Creamer Media Reporter      26th September 2022 TSX-listed mine developer NorZinc has received a water licence from the Northwest Territories government for its Prairie Creek project. Combined with the receipt of the land use permit, announced in mid-August, NorZinc has now completed the permitting process for mining operations at Prairie Creek. 

NioCorp to merge with Nasdaq-listed blank check firm

By: Reuters     26th September 2022 Rare earth miner NioCorp Developments said on Monday it will merge with blank-check firm GX Acquisition Corp II, giving it access to up to $285-million for the development of its Elk Creek project in southeastern Nebraska. The Elk Creek project is targeting the production of niobium, scandium... 

Transparency International urges EU sanctions on Russian diamonds, miner Alrosa

By: Reuters     26th September 2022 The European Union should bar Russian diamond imports and blacklist diamond miner Alrosa and its head Sergei Ivanov, Transparency International told Reuters on Monday, as the 27-nation bloc prepares new sanctions over Russia's war in Ukraine. Galvanised by Russian President Vladimir Putin... 

Thunderbird project secures LNG supply

By: Darren Parker     26th September 2022 ASX-listed Sheffield Resources’ 50%-owned Kimberley Mineral Sands (KMS) has secured liquefied natural gas (LNG) for the Thunderbird mineral sands project, in northern Western Australia. KMS executed a binding five-year agreement – with the ability for the parties to extend for a further five... 

Volkswagen teams up with Umicore on battery materials

By: Reuters     26th September 2022 Volkswagen announced on Monday a $2.9-billion battery parts joint venture with Belgian materials firm Umicore, becoming the latest European automaker to bring battery supplies closer to home in the shift towards electric vehicles. While raw materials - among them lithium, cobalt, nickel and... 

Al Gore calls out 'greenwashing' risks as funds quit green club

By: Bloomberg     26th September 2022 Al Gore, the former US vice president turned climate activist, said investors are growing increasingly impatient with evidence of potential “greenwashing” amid signs that net-zero pledges made by some members of the financial industry weren’t credible. Gore, who spoke in an interview just before... 

An image of Al Gore
Al Gore

Ramaphosa admits there is ‘no quick fix’ to a power crisis that has ‘long history’ 

By: Terence Creamer     26th September 2022 Amid intense load-shedding, which has been under way continuously since early September and has at times been implemented at Stage 6, President Cyril Ramaphosa has warned that there is “no quick fix” to the problem, which he says has “a long history”. Writing in his weekly newsletter a week after... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Energy and chemicals executive appointed Vulcan deputy CEO

By: Creamer Media Reporter      26th September 2022 ASX-listed Vulcan Energy has appointed Cris Moreno, an energy and chemicals industry executive based in Europe, as its deputy CEO with effect from November 1. Moreno has more than 20 years’ experience in delivering major capital projects, including in the lithium chemicals, cathode and liquefied... 

71-ct yellow diamond unearthed at Canada’s Ekati

By: Creamer Media Reporter      26th September 2022 Arctic Canadian, the company that owns and operates the Ekati diamond mine in the Northwest Territories, has announced the recovery of an exceptional gemstone – an octahedron diamond, weighing 71.26 ct. The stone was recovered on August 25, from the Ekati mine’s Misery Pipe. 

The 71 ct stone is likely the biggest fancy vivid yellow diamond recovered in Canada.
The 71 ct stone is likely the biggest fancy vivid yellow diamond recovered in Canada.

Saudi Arabia faces challenges to tap its vast copper reserves

By: Bloomberg     26th September 2022 Saudi Arabia says it has the potential to unlock enough copper to ease a looming shortage as the world makes an epic shift to clean energy, but the kingdom faces challenges that established mining countries already have solved. Key among those challenges as the world’s largest oil producer seeks... 

An image of copper shavings

Brazil approves Araguaia as strategic project – Horizonte

By: Mariaan Webb     26th September 2022 The Brazilian government has approved the Araguaia nickel project as a strategic minerals project, dual-listed Horizonte Minerals reported on Monday. The approval would ensure that the various government agencies engaged in the construction and operation of the mine would treat Araguaia as a... 

Greenland Minerals dealt setback in legal fight for rare earth project licence

By: Reuters     26th September 2022 Australia's Greenland Minerals said on Monday an arbitration tribunal had declined its request for interim orders against the Greenland government's draft decision to reject the miner a licence for the Kvanefjeld rare-earths project. The company had, in July, lodged an objection against the... 

An image of Greenland Minerals' Kvanjefield area

Lithium One buys property adjoining Patriot’s Corvette

By: Mariaan Webb     26th September 2022 TSX-V-listed Lithium One Metals is expanding its portfolio near the Patriot’s Corvette discovery, announcing on Friday that it has reached an arms-length agreement with Glenn Griesbach to acquire the Lac Astrid lithium project, in north-western Quebec. The Lac Astrid project is composed of 70... 

Australian mining firm IPOs lag on board gender balance

By: Bloomberg     26th September 2022 New Australian stock exchange listings are lagging the broader market in terms of board gender diversity, with just 12.2% of directorships at companies that went public in recent years held by women. The issue was particularly acute for the materials industry. The sector, which accounted for... 

Skeena closes C$34.5m bought deal to buy down Barrick NSR royalty

By: Mariaan Webb     26th September 2022 TSX- and NYSE- listed Skeena Resources has closed the previously announced bought-offering of 5 702 479 shares of the company at C$6.05 each, raising C$34.5-million. The company will use the proceeds to exercise its right to buy down a 0.5% net smelter return royalty, currently held by Barrick... 

Canada, South Korea seek deeper cooperation on critical minerals

By: Reuters     26th September 2022 Canadian Prime Minister Justin Trudeau and South Korean President Yoon Suk-yeol on Friday agreed to deepen cooperation on critical minerals used in electric vehicles (EVs) batteries as both countries seek to cut emissions to fight climate change. Yoon visited London for the funeral of Queen... 

Pensana announces 767 000 t TREO reserve at Longonjo

By: Marleny Arnoldi     23rd September 2022 London-listed Pensana has published a mineral reserve estimate (MRE) for the Longonjo project, in Angola, as part its feasibility study, finding a total rare earth oxides (TREO) reserve of 767 000 t, at a 2.55% grade. Particularly, Longonjo contains 166 000 t of proven and probable neodymium... 

Eskom, partners to establish renewables training facility at Komati  

By: Darren Parker     23rd September 2022 State-owned Eskom, the South African Renewable Energy Technology Centre (Saretec) – based at the Cape Peninsula University of Technology (CPUT) – and the Global Energy Alliance for People and Planet (GEAPP) have signed a partnership agreement for the development of a new training facility to be... 

The Komati power station is being decommissioned and repurposed
Photo by Creamer Media's Darren Parker
The Komati power station is being decommissioned and repurposed

Glencore buys Newmont’s stake in Argentina copper/gold project

By: Mariaan Webb     23rd September 2022 Diversified mining company and commodity trader Glencore on Friday announced that it would buy gold miner Newmont’s 18.75% shareholding in the MARA project, in Argentina. Following completion of the transaction, Glencore would own 43.75% of MARA, which is a brownfield project located in the... 

Glencore buys Newmont’s stake in Argentina copper/gold project

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Magazine round up | 23 September 2022

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