R/€ = 17.67 Change: 0.01
R/$ = 17.98 Change: 0.02
Au 1668.69 $/oz Change: 25.42
Pt 874.00 $/oz Change: 27.00

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Minerals Council ‘absolutely adamant’ about need for commercially available cadastre  

By: Martin Creamer     29th September 2022 The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include... 

Junior and Emerging Miners Desk webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Ramaphosa backs Ministers as he admits load-shedding is ‘calamity of enormous proportions’ 

By: Terence Creamer     29th September 2022 President Cyril Ramaphosa has acknowledged that the current load-shedding crisis is a “calamity of enormous proportions” but has backed Ministers Gwede Mantashe and Pravin Gordhan after the leader of the opposition asked why the two Minister had not been dismissed After noting that the country... 

President Cyril Ramaphosa
President Cyril Ramaphosa

ESG risks and geopolitics ranked top risks for mining companies – survey

By: Creamer Media Reporter      29th September 2022 Global mining and metals executives rank environment, social and governance (ESG), geopolitics and climate change as the top three risks facing their business over the next 12 months, a survey by consultancy EY has found. “We have witnessed huge upheaval and change over the last year, namely due... 

Not much activity in the gold markets in August – WGC

By: Darren Parker     29th September 2022 Gold-related activity among central banks was muted in August, with only a handful of banks meaningfully contributing to the overall monthly total, World Gold Council (WGC) senior analyst Krishan Gopaul said on September 29 with the release of the WGC’s quarterly statistical update on gold... 

gold coins stacked

Eskom expects restatements of FY21 results, to publish FY22 results end-November

By: Marleny Arnoldi     29th September 2022 In addition to Public Enterprises Minister Pravin Gordhan confirming on September 28 that Eskom will not have its annual financial statements ready by the statutory deadline of September 30, the State-owned power utility has announced that the results will be published by end November. Eskom... 

Medupi power station
Medupi power station

Top coal miners consider bids for South African renewables firm

By: Bloomberg     29th September 2022 Exxaro Resources and Thungela Resources, South Africa’s two largest coal miners, are considering bids for Actis’ BTE Renewables, according to people with knowledge of the matter. Chinese firms are also interested in acquiring the assets, said the people who asked not to be identified as the... 

Implats raises its stake in RBPlat to 40.46%

By: Darren Parker     29th September 2022 Platinum group metals producer Impala Platinum (Implats) has again raised its stake in Royal Bafokeng Platinum (RBPlat), from the 40.11% announced on September 19 to 40.46%. Implats announced on September 29 that it had concluded agreements to acquire about one-million additional RBPlat shares,... 

Top miners teaming up in bid to wean themselves off dirty trucks

By: Bloomberg     29th September 2022 Members of the International Council on Mining and Metals are planning a joint effort to test hydrogen and other zero-emission technologies in a bid to shift away from diesel-fueled vehicles. Members, which include producers BHP Group and Glencore, are pitching sites to pilot technologies... 

Top miners teaming up in bid to wean themselves off dirty trucks

Collaboration key to realising Africa’s green hydrogen economy potential

By: Tasneem Bulbulia     29th September 2022 There is considerable potential for Africa to capitalise on the opportunities presented by the green hydrogen economy, and for South Africa to be the hub out of which this is done; however, a key requirement of this will be collaboration. This was the key message from opening keynote speakers... 

Hydrogen projects bankable, with caveats

By: Tasneem Bulbulia     29th September 2022 Hydrogen projects are bankable and capital is available to fund them, but there are measures that must be pursued to ensure South Africa can capitalise on these projects and get its share of the available funding to get projects off the ground. This was a key message from a panel discussion... 

Gemfields reports record interim auction revenues

By: Darren Parker     29th September 2022 Gemstones supplier Gemfields has reported “record-breaking” auction revenues and an “all-time high” cash position for the six months ended June 30, resulting in the company declaring an interim dividend of $15-million. Gemfields reported revenues of $193.2-million for the interim period, up from... 


EPCM phase gets under way at Dasa uranium project

By: Creamer Media Reporter      29th September 2022 Toronto- and Frankfurt-listed Global Atomic has signed Development Consultants Private (DPCL) of Kolkata, India, and Lycopodium Minerals of Canada to start the basic and detailed engineering, procurement and project management of the Dasa mine processing plant in Niger. These engineering and... 

EcoGraf planning bigger BAM facility

By: Esmarie Iannucci     29th September 2022 Triple listed EcoGraf has announced plans to scale-up its battery anode material (BAM) facility, in Western Australia, following multiple approaches from electric vehicle manufacturers in Europe and North America. The company’s original plans for the BAM facility would have seen a 5 000 t/y... 

Rio warns miners not moving fast enough on lithium extraction

By: Bloomberg     28th September 2022 Planned lithium production will fail to meet growth in demand for lithium ion batteries that are needed to meet global climate goals, according to Rio Tinto ’s minerals chief. Lithium consumption needed “to surge way above anything that’s planned to be mined,” Sinead Kaufman told a conference in... 

Rio warns miners not moving fast enough on lithium extraction

IAMGOLD is nearing its 70% interest after six years of investment in Senala project

By: Marleny Arnoldi     29th September 2022 Aim-listed Oriole Resources has announced its joint venture partner IAMGOLD Corporation is in the penultimate year of a six-year option agreement to earn a 70% interest in the Senala project, in Senegal. IAMGOLD earns this interest by spending up to $8-million on the project.  

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.

FIRB approves Stanmore buy

By: Esmarie Iannucci     Updated 56 minutes ago The Foreign Investment Review Board (FIRB) has approved coal miner Stanmore Coal’s $380-million bid to acquire the remaining 20% in the BHP Mitsui Coal (BMC) assets, which have been renamed Stanmore SMC. Stanmore earlier this year struck a $1.35-billion deal with diversified miner BHP and Mitsui... 

New production targets for Sandfire as Simich steps down

By: Esmarie Iannucci     Updated 59 minutes ago Copper/gold miner Sandfire Resources has lifted its production guidance for 2023, announced the departure of its MD and CEO, Karl Simich, and completed a key financing milestone for its Motheo project, in Botswana. Sandfire on Friday announced that group production for the 2023 financial year is... 

Core sets A$100m raising target

By: Esmarie Iannucci     Updated 1 hour 1 minute ago Lithium developer Core Lithium on Friday announced a A$100-million through an institutional placement to fund further resource expansion at the Finniss lithium project, in the Northern Territory. The fully underwritten institutional placement will consist of 97.1-million shares, priced at... 

Rio produces first lithium concentrate in Canada

By: Esmarie Iannucci     Updated 1 hour 3 minutes ago Major Rio Tinto has started spodumene concentrate production at a demonstration plant at its Rio Tinto Iron and Titanium (RTIT) Quebec Operation, in Canada. The plant will demonstrate at industrial scale a new spodumene concentration process that provides lithium oxide grades and recoveries well... 

ERA struggles continue as Jabiluka development a no-go for Rio

By: Esmarie Iannucci     Updated 1 hour 14 minutes ago Mining major Rio Tinto has trashed an independent valuation report of uranium miner Energy Resources of Australia (ERA), saying it failed to recognise the long-standing opposition to the development of the Jabiluka uranium deposit. ERA’s Independent Board Committee (IBC) engaged an independent... 

Image shows an aerial view of the Ranger uranium mine

Magazine round up | 30 September 2022 

Updated 5 hours ago A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 30 September 2022

Possible LME ban lights fire under aluminium and nickel

By: Reuters     29th September 2022 The London Metal Exchange is launching a discussion paper that marks the first step toward a potential ban on new supplies of Russian metal, according to people familiar with the matter. Any move by the LME to block Russian supplies could have significant ramifications for the global metals... 

Glencore reviews lead operations at Italian plant due to high power prices - source

By: Reuters     29th September 2022 Commodity group Glencore is reviewing the sustainability of lead operations at its Portovesme plant in Italy due to high power prices, an industry source with knowledge of the situation said on Thursday. The company is delaying maintenance operations that were planned in coming months due to the... 

US redoubles efforts to end dependence on Russian nuclear fuel

By: Bloomberg     29th September 2022 The Biden administration’s top energy official said the US will redouble its efforts to break free from its reliance on Russian nuclear fuel. Secretary of Energy Jennifer Granholm said the White House is prioritising development of domestic uranium-enrichment capacity and predicted key... 

Global Lithium finds downstream partner in Korea

By: Esmarie Iannucci     29th September 2022 ASX-listed Global Lithium Resources has signed a memorandum of understanding (MoU) with Korean electric vehicle battery cell manufacturer SKO On Co to explore the potential to develop downstream lithium assets. The MoU will run for an initial two year period, and would also consider SK On... 

Sierra reaches agreement with communities blocking Yauricocha road

By: Mariaan Webb     29th September 2022 Toronto-listed Sierra Metals has reached an agreement with residents from the town of Alis, following the blockade of the main access road to the Yauricocha mine, in Peru, the company reported on Wednesday. The company is undertaking safety inspections and reviews to support the progressive... 

Blue Spec gives life to Calidus' sulphide plans

By: Esmarie Iannucci     29th September 2022 Gold junior Calidus Resources on Thursday announced a maiden reserve for the Blue Spec satellite deposit, at its Warrawoona project, in Western Australia, which could support the planned Stage 2 sulphide plant. Calidus has announced a maiden reserve of 83 000 oz at the Blue Spec deposit, which... 

Matsa's asset sales hangs in the balance

By: Esmarie Iannucci     29th September 2022 Junior Matsa Resources’ A$20-million sale of its Devon and Red October projects, in Western Australia, is under threat after buyer Linden Gold Alliance failed to meet its ASX listing deadline. Matsa in December last year struck a deal with Linden to divest of the Red October and Devon projects... 

Sabina makes first drawdown on $125m gold stream

By: Creamer Media Reporter      29th September 2022 Precious metals company Sabina Gold & Silver has drawn $31.25-million on its $125-million gold stream facility with Wheaton Precious Metals. The proceeds of the stream are being used to continue development and construction of the Goose mine at its 100%-owned Back River gold district, in Nunavut. 

Qld Super Grid could unlock A$740bn in mining investment

29th September 2022 The Queensland government’s planned electricity Super Grid could deliver a A$740-billion resource boom for the state, by opening up the resource-rich North West minerals province, Premier Annastacia Palaszczuk said. The Super Grid was announced as part of the state government’s A$62-billion... 

Mining Union calls for Energy Transition Authority

By: Esmarie Iannucci     29th September 2022 The Miners Union has called for the establishment of a national Energy Transition Authority amid announcements that coal-fired power stations on both Victoria and Queensland would be fast-tracked to closure. The Queensland government this week announced plans to exit coal-fired power stations... 

Newmont finance chief steps down

By: Mariaan Webb     29th September 2022 Gold major Newmont has started a global search for a CFO following the departure of Nancy Buese, who is stepping down to pursue an opportunity outside of the company. Brian Tabolt, currently VP, controller and chief accounting officer, has been appointed CFO on an interim basis. 

Resources Watch  

29th September 2022 This week: World’s largest battery-electric mine truck heading for commercial availability in 2024 And, Women-owned company aims to revive SA’s phosphate industry after securing mining right 

Resources Watch

Suvo buys into green HPA

By: Esmarie Iannucci     29th September 2022 Kaolin producer Suvo Strategic Minerals has announced plans to acquire a 26% interest in green high purity alumina (HPA) technology. The ASX-listed company will, through a private placement, acquire a stake in Australian proprietary company Dingo, which is aiming to produce HPA from recycled... 

Peru targets local lithium battery production, official says

By: Reuters     29th September 2022  Peru wants to produce lithium batteries domestically, a government official said on Wednesday, joining other Latin American nations with lofty ambitions to industrialize their resources of the ultralight metal needed to power electric vehicles. "We are already starting to act to see if we can... 

Teck may raise value of Zafranal project in Peru to more than $2bn

By: Reuters     29th September 2022 Canada's Teck Resources is considering revising the value of its Zafranal copper project in Peru to more than $2-billion from $1.3-billion, one of its executives said Wednesday. The initial value of the project was set in 2019, when copper prices were below their current levels, the general... 

An image of a project site surrounded by mountains
Photo by Teck Resources
The Zafranal proejct in Peru

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Magazine round up | 30 September 2022

Resources Watch

Minerals Council ‘absolutely adamant’ about need for commercially available cadastre

Green hydrogen, fuel cells important part of any future energy system, says global strategist

South Africans urged to turn exploration into Big Hairy Audacious Goal

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

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Green hydrogen at sea on world-first offshore demonstrator platform


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