https://www.miningweekly.com
R/€ = 17.10 Change: 0.03
R/$ = 14.05 Change: 0.16
Au 1831.31 $/oz Change: 39.30
Pt 1256.50 $/oz Change: 21.00
 
Close

Email me free daily news

Email address

Gold Fields going greener and cleaner across broad front 

By: Martin Creamer     7th May 2021 Gold mining company Gold Fields, which this week announced the board’s green light for a 40 MW solar photovoltaic plant at the South Deep mine, near Carletonville, intends taking short- medium- and long-term steps to lower emissions in underground mining in general and at South Deep in... 

Gold Fields going greener and cleaner across broad front
Photo by Creamer Media
Gold Fields' South Deep gold mine, near Carletonville

Protest action across South Africa damaging country’s prospects for further investment, exploration

By: Simone Liedtke     7th May 2021 The Minerals Council South Africa has condemned the “violence and thuggery” being experienced at various operations and in various communities across South Africa and has called on authorities – especially the South African Police Service – to “act swiftly and impartially” to ensure the safety of... 

Gold miners reflect on the changing investment landscape for mining 

By: Marleny Arnoldi     7th May 2021 With pressure rising from investors, customers and regulators to incorporate environmental, social and governance (ESG) targets into corporate strategy, mines are increasingly focused on demonstrating their commitment to these goals. The way in which these goals manifest differ from company to... 

Global gold ETF holdings drop in the first quarter  

By: Tasneem Bulbulia     7th May 2021 Gold exchange-traded fund (ETF) investors liquidated 175 t in the first quarter of this year, representing the largest level of net quarterly outflows since the fourth quarter of 2013, says financial markets, data and infrastructure provider Refinitiv Metals Research. It was also the second... 

Sandvik Group to acquire African OEM Kwatani

By: Schalk Burger     7th May 2021 Mining and construction equipment and services company Sandvik Group will acquire African original-equipment manufacturer (OEM) of custom-engineered vibrating equipment Kwatani. The transaction is expected to be finalised in the fourth quarter of this year, subject to regulatory approvals and... 

Sandvik Group to acquire African OEM Kwatani
Kwatani CEO Kim Schoepflin

Glasenberg says $15 000 copper needed to drive new supply

By: Bloomberg     7th May 2021 Copper will need to rise 50% further from its current near record high to encourage enough new mined supply to meet rampant demand, according to Ivan Glasenberg, the billionaire chief executive officer of Glencore. Copper topped $10 000 a metric ton last week for the first time in a decade and... 

Glasenberg says $15 000 copper needed to drive new supply
Glencore CEO Ivan Glasenberg

Copper jumps to record as growth bets supercharge commodities

By: Bloomberg     7th May 2021 Copper soared to an all-time high as optimism about a global rebound from the pandemic spurs a surge across commodities markets. The metal -- an economic bellwether -- is front and center in a rally that’s driven raw materials from lumber to iron ore to multiyear highs or records. Stimulus... 

Copper jumps to record as growth bets supercharge commodities

Implementation of new tailings standard seen as key to avoiding future disasters

By: Marleny Arnoldi     7th May 2021 Stakeholders agree that it is a pity there had to be horrific tragedies before due attention was paid to dangerous tailings storage facility (TSF) practices. Australia-based tailings solutions consultancy Decipher states in the Major Tailings Dam Failures Guide, published last year, that about... 

Implementation of new tailings standard seen as key to avoiding future disasters

Artisanal and small-scale mining workforce has tripled from 2001

By: Donna Slater     7th May 2021 Mineworkers in the artisanal and small-scale mining (ASM) industry make up the world’s largest mining workforce, with the number of such workers more than tripling from 13-million estimate of 2001 by the International Labour Organisation, reveals the yearly report on the state of the ASM industry... 

Lucara reports higher first-quarter earnings

By: Creamer Media Reporter      7th May 2021 Canada-headquartered Lucara Diamond Corp achieved adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $22.2-million for the quarter ended March 31, compared with the Ebitda of $8.1-million reported for the quarter ended March 31, 2020. It earned net income of... 

New Memsa CEO to focus on advocacy, partnerships to grow local mining equipment manufacturing

By: Schalk Burger     7th May 2021 Industry organisation the Mining Equipment Manufacturers of South Africa (Memsa) has appointed Lehlohonolo Amos Molloyi CEO and programmes manager. He plans to maximise the industry body's impact through advocacy and partnership to support localisation, transformation, technology development and... 

DFFE invites comment on extension of mining rights financial provisioning

By: Marleny Arnoldi     7th May 2021 The Department of Forestry, Fisheries and the Environment (DFFE) has invited public comment on the planned 12-month extension of the transitional arrangements contained in the Financial Provisioning Regulations for mining rightholders, who obtained their rights before November 20, 2015. The... 

Lithium prices to normalise, as demand increases – Fitch Solutions

By: Simone Liedtke     7th May 2021 Following the spike in Chinese spot prices experienced from the end of December 2020 through to the end of January, research agency Fitch Solutions Country Risk and Industry Research expects broad lithium prices to soon normalise. Chinese spot prices for battery-grade lithium carbonate and... 

Global iron-ore production to recover this year, says GlobalData

By: Tasneem Bulbulia     7th May 2021 Global iron-ore production decreased by 3% to 2.2-billion tonnes in 2020; and global production is expected to grow at a compound annual growth rate (CAGR) of 3.7% between 2021 to 2025 to 2.66-billion tonnes, says data and analytics company GlobalData. The key contributors to this growth will be... 

Kagem mine helps employees get vaccinated

By: Marleny Arnoldi     7th May 2021 London-listed Gemfields’ subsidiary Kagem Mining, based in Zambia, has successfully had 250 staff vaccinated against Covid-19. Kagem has been facilitating voluntary mass vaccination of its employees by the Ministry of Health, following the arrival of the AstraZeneza vaccine in the country.  

Jupiter completes Juno demerger

By: Esmarie Iannucci     7th May 2021 ASX-listed Jupiter Mines has completed the demerger of Juno Minerals, via an in-specie distribution of shares to Jupiter shareholders. Jupiter on Friday said that Juno has also received conditional approval to be admitted to the official list of the ASX, triggering the completion of the... 

Eskom places senior coal procurement manager on suspension

By: Creamer Media Reporter      7th May 2021 Power utility Eskom has placed a senior manager in its coal procurement division on preliminary suspension, citing alleged corruption. This follows a whistle-blower tip-off to Eskom. 

Can Canada's oil-rich Alberta capture a low-carbon future?

By: Bloomberg     7th May 2021 At a research site in rural Alberta, carbon dioxide is injected deep into the ground. Using remote sensors, scientists monitor its movement to ensure the planet-heating gas does not migrate upwards. "Basically, think of ultrasound on bodies – we're doing ultrasound on the earth," said Don... 

Can Canada's oil-rich Alberta capture a low-carbon future?

Solar at South Deep, ruthenium, short-termism make headlines   

7th May 2021 Mining Weekly Editor Martin Creamer unpacks Gold Fields' R660-million 40 MW solar plant at South Deep, the possible declining use of ruthenium in fuel cells in relation to green hydrogen and Barrick Gold's Mark Bristow's criticism of the resurgence short-termism.   

Solar at South Deep, ruthenium, short-termism make headlines

New Kyrgyz law allows for control of Kumtor, mine faces civil and tax claims

By: Mariaan Webb     7th May 2021 The Kyrgyzstan Parliament has passed a law that will enable the government to impose “external management” on the Kumtor Gold Company (KGC), owner Centerra Gold said on Friday, while also revealing that the mine faced a $3-billion civil claim and that it owed $170-million in additional taxes.... 

New Kyrgyz law allows for control of Kumtor, mine faces civil and tax claims

UK court to reconsider £5bn Brazil dam lawsuit against BHP

By: Reuters     7th May 2021 London's Court of Appeal will hear a request to revive a £5-billion lawsuit against Anglo-Australian mining group BHP Over a 2015 dam failure in Brazil, a court order showed. Judge Nicholas Underhill has agreed to an oral hearing that could help to overturn a previous Court of Appeal decision... 

Lithium producers grow bullish as EV revolution turbocharges demand

By: Reuters     7th May 2021 Rising demand for lithium is stoking prices for the electric vehicle battery metal, fueling long-delayed expansions that still may not produce adequate supplies that automakers need to meet aggressive production plans. Growing industry optimism from higher lithium prices is a change from last... 

McMullen and Benson join OceanaGold board

By: Creamer Media Reporter      7th May 2021 Gold mining company OceanaGold has announced the appointment of Mick McMullen and Paul Benson to its board of directors. McMullen, a geologist with nearly 30 years of experience, is the former CEO of Detour Gold and prior to that, he was president and CEO of Stillwater Mining. 

AngloGold extends $20m loan to Corvus for Nevada projects

By: Mariaan Webb     7th May 2021 North American gold explorer and developer Corvus Gold has secured a $20-million loan from its 19.9%-shareholder AngloGold Ashanti to fund work at its projects in Nevada. The money will be used for ongoing permitting and predevelopment work at the North Bullfrog project, as well as exploration... 

AngloGold extends $20m loan to Corvus for Nevada projects

Moranbah North restart targeted for May

By: Esmarie Iannucci     7th May 2021 Major Anglo American has begun re-entry into its Moranbah North coal mine, in Queensland, following approval from the Resources Safety & Health Queensland (RSHQ). The miner in February this year undertook the controlled withdrawal of staff at the mine following a change in underground... 

Minnesota to cancel leases for Mesabi Metallics’ mine near Nashwauk

By: Creamer Media Reporter      7th May 2021 The Minnesota Department of Natural Resources (DNR) is reportedly terminating the leases for the stalled Mesabi Metallics taconite mine on the Iron Range, after the company failed to meet deadlines imposed by the state. Mesabi reportedly failed to submit documents and to secure funding for the... 

Minnesota to cancel leases for Mesabi Metallics’ mine near Nashwauk

Independent study proves evidence of platinum’s superiority over white gold, says PGI

By: Simone Liedtke     7th May 2021 The findings of an independent study, which proves the long-supported anecdotal evidence of platinum’s superiority in wear resistance and gem setting security versus that of gold jewellery, has been released by the Platinum Guild International (PGI). The most recent phase of research represented... 

Chile copper miners cry foul as royalty bill advances to Senate

By: Reuters     7th May 2021 Chile's lower house of Congress approved on Thursday an opposition-led bill that would slap a progressive royalty on sales of copper as prices rise, sharply hiking taxes on the sprawling industry to pay for social programs during the Covid-19 pandemic. The legislation, which passed following a... 

Chile copper miners cry foul as royalty bill advances to Senate
The Chilean national congress building is seen in Valparaiso city, north-west of Santiago.

Sales avenues being investigated for Fort Cady

By: Esmarie Iannucci     7th May 2021 ASX-listed American Pacific Borates (ABR) has inked a letter of intent (LoI) with a subsidiary of NYSE-listed Compass Minerals International, over the sales and marketing of sulphate of potash (SOP) from the Fort Cady borate mine, in Southern California. “There is a strong alignment between ABR... 

Sales avenues being investigated for Fort Cady

German recycling plant proves up for Neometals JV

By: Esmarie Iannucci     7th May 2021 Operating and capital cost estimates for the Primobius joint venture (JV) battery recycling plant, in Germany, has been completed. ASX-listed Neometals in 2020 struck a JV agreement with mechanical engineering firm SMS group GmbH to commercialise the company’s lithium battery recycling process.  

Magnetite raises cash for Razorback

By: Esmarie Iannucci     7th May 2021 ASX-listed Magnetite Mines will raise A$7-million in a share placement to sophisticated and institutional investors to advance studies at the Razorback iron-ore project, in South Australia. The company would issue more than 120.8-million shares, at a price of 5.8c each under its existing... 

Rio extends another apology to Traditional Owners

By: Esmarie Iannucci     7th May 2021 Diversified miner Rio Tinto has again pleaded for forgiveness for the destruction of the Juukan Gorge rock shelters in the Pilbara last year. Speaking at the company’s annual general meeting this week, CEO Jakob Stausholm that the destruction of the cultural heritage site had been ‘a terrible... 

Aus working on resource export strategy

By: Esmarie Iannucci     7th May 2021 The federal government has announced a A$20-million investment into a Global Resources Strategy, to help diversify exports and find new markets for Australia’s resources and Technology. Resources, Water and Northern Australia Minister Keith Pitt on Friday said that the aim of the new strategy is... 

A$58.6m added to gas-fired recovery

By: Esmarie Iannucci     7th May 2021 The federal government this week announced A$58.6-million of new measures to advance its gas-fired recovery in a post Covid-19 economy. Energy and Emissions Reduction Minister Angus Taylor on Friday said that through the 2021-22 Budget, the government is building on the progress already made to... 

A$58.6m added to gas-fired recovery

Magazine round up | 07 May 2021 

7th May 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 07 May 2021

Gold Fields chairperson Cheryl Carolus to step down at 2022 AGM

By: Martin Creamer     6th May 2021 Gold Fields chairperson Cheryl Carolus has announced that she will step down from her role and as a non-executive director with effect from the annual general meeting (AGM) in 2022. In her remarks to the 2021 AGM, which took place virtually on Thursday Carolus said she believed that after 12... 

Gold Fields has compelling ‘pure play gold’ investment case – Griffith 

By: Martin Creamer     6th May 2021 Gold mining company Gold Fields has a compelling investment case for its shareholders and any investor looking for exposure in high quality and cash generative gold business, new CEO Chris Griffith said on Thursday. Answering questions during a conference call following the reporting an... 

Gold Fields has compelling ‘pure play gold’ investment case – Griffith
Photo by Creamer Media's Donna Slater
Gold Fields CEO Chris Griffith

ICMM launches protocols, guide to improve tailings management, safety 

By: Donna Slater     6th May 2021 The organisation lobbying for a safe, fair and sustainable mining and metals industry, the International Council on Mining and Metals (ICMM), has launched two new resources to support continual improvement in the safe and transparent management of tailings facilities. These resources include... 

ICMM launches protocols, guide to improve tailings management, safety
Photo by Reuters
The scene post the catastrophic tailings dam collapse at Vale’s Córrego de Feijão mine, in Brumadinho, Brazil

Latest News  by  

more

Company Post

more

Latest Videos and Audio

Solar at South Deep, ruthenium, short-termism make headlines

On-The-Air (07/05/2021)

Magazine round up | 07 May 2021

Academy’s upgrades embrace Industry 4.0 approach

Net zero gold a ‘realistic prospect’ – WGC

Resources Watch

Gold Fields board approves R660m construction of 40 MW solar plant at South Deep

African miners note benefits of investing in renewables

more

Services News

Consulting Engineers

Contract mining

Crushing and Screening

Drilling and Tunnelling

Earthmoving

Energy Services

Explosives

Furnaces and Kilns

Material Handling

Opencast/Quarries

Pumps

Valves

Company Announcements

more

Research Reports

Projects

Press Office

more

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close