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Cabinless, emissionless vehicle foretelling underground’s autonomous future  

By: Martin Creamer     30th September 2020 Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design places emphasis on the extent to which traditional human operation at the rockface is becoming a... 

Sandvik’s virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Geopolitics, social responsibility rise in the risk ranks for mining globally  

By: Marleny Arnoldi     30th September 2020 Mining executives across the world have ranked licence to operate, high-impact risks and productivity and rising costs as the top three risks facing their business over the next year. Multinational professional services firm EY's 'Top 10 Business Risks and Opportunities – 2021' survey for the... 

Geopolitics, social responsibility rise in the risk ranks for mining globally

Ideanomics seeks to assist mines in adopting more electric vehicles

By: Tasneem Bulbulia     1st October 2020 JOHANNESBURG (miningweekly.com) − The move towards electrifying mine vehicles is becoming ever more prevalent, with mining companies motivated by the potential to cut costs and contribute to a more sustainable sector.  Ideanomics, a global company focused on facilitating the adoption of... 

Wesizwe delays Bakubung platinum mine commissioning to October 2021 

By: Marleny Arnoldi     30th September 2020 As a consequence of Covid-19 and its related impacts on the process plant construction schedule, JSE-listed Wesizwe Platinum’s Bakubung platinum mine development has been delayed, with the hot commissioning date now set for October 2021. Additionally, delays in public consultations required for... 

MC Mining reports solid full-year result despite Covid-19 impact

By: Tasneem Bulbulia     30th September 2020 Despite the adverse impact of Covid-19 and the related lockdown in South Africa, coal miner MC Mining narrowed its loss for the financial year ended June 30. Acting CEO Brenda Berlin noted on September 30 that the company had made considerable progress on its strategy prior to the lockdown. This... 

Bushveld enters into $30m financing agreement with Orion Mine Finance

By: Tasneem Bulbulia     30th September 2020 Aim-listed Bushveld Minerals has signed a long-term production financing agreement (PFA) of $30-million with mining-focused investment business Orion Mine Finance, primarily to finance its expansion plans at its Vametco operations, in South Africa, and to pay down some of its debt. Under a... 

Katoro progresses funding strategy for Blyvoor project

By: Simone Liedtke     30th September 2020 Aim-listed Katoro Gold has developed a preferred funding strategy for its Blyvoor joint venture (JV) in respect of the Blyvoor gold tailing project, in South Africa, and says it will involve the use of different funding instruments. The announcement follows as the gold and nickel explorer and... 

MD of Kropz's Elandsfontein project resigns, remains adviser to the project

By: Marleny Arnoldi     30th September 2020 Jan Steenkamp has resigned as MD of Aim-listed emerging phosphate miner Kropz's Elandsfontein project, in South Africa. He will, however, remain on the board of Kropz Elandsfontein as a nonexecutive director, as well as in a technical advisory capacity for the ongoing development of the... 

Kore starts Phase 1 of DFS for DX project

By: Tasneem Bulbulia     30th September 2020 Potash development company Kore Potash has started work on the first phase of a definitive feasibility study (DFS) for its 97%-owned DX Potash project in the Sintoukola basin of Congo-Brazzaville, following a recent equity fundraise. Phase 1 of the DFS is scheduled for completion in May 2021. 

Aviation, other transport sectors accelerating adoption of hydrogen as a fuel source

By: Marleny Arnoldi     30th September 2020 The World Platinum Investment Council (WPIC) says developments in aviation – and across other modes of transport - are accelerating the adoption of hydrogen as a mainstream, sustainable fuel source. The council notes that aerospace company Airbus is not alone in believing that hydrogen... 

Zambian royalty spat halts $2bn of copper mine investment

By: Bloomberg     30th September 2020 Copper miners in Zambia have halted $2-billion of planned investments because a royalty tax introduced last year makes the projects unviable, according to an industry lobby group. A plan by First Quantum Minerals to invest $1-billion extending the life of its Kansanshi operation won’t proceed... 

Three Harmony Gold board members step down

By: Simone Liedtke     30th September 2020 JSE-listed Harmony Gold independent nonexecutive directors Ken Dicks and Max Sisulu have resigned, while executive director Frank Abbott has retired, with effect from September 30. The resignation of Dicks and Sisulu follow the board’s evaluation of its structure, composition and succession plan,... 

Sandvik intelligent drill series continues to meet evolving customer demands

By: Simone Liedtke     30th September 2020 As rotary blasthole drill technology continues to advance, Sandvik’s iSeries family of intelligent drills continues to grow to meet evolving customer demands – as can be seen with the Sandvik DR410i drill rig. Considered a “compact, powerful, technologically advanced rig designed to produce the... 

Sandvik launches new RDX5 rock drill

By: Simone Liedtke     30th September 2020 Following the virtual grand opening of its Rock Drill Innovation Centre, in Finland, Swedish mining gear and metal-cutting tools maker Sandvik launched its RDX5 rock drill on September 30. The rock drill builds on the success of “the most dependable rock drill in the market”, the HLX5, and... 

Indiana lodges $95m claim against Tanzania

By: Esmarie Iannucci     30th September 2020 ASX-listed Indiana Resources has lodged a $95-million compensation claim against the government of Tanzania over the ‘illegal expropriation” of the Ntaka Hill nickel project. The dispute arose from a 2017 decision by the Tanzanian government to amend the Mining Act, abolishing the legislative... 

Deep-South increases placement offering to $2.5m

By: Tasneem Bulbulia     30th September 2020 TSX-listed Deep-South Resources’ nonbrokered private placement is oversubscribed and the company will, therefore, increase the offering to $2.5-million. The company will proceed with a second closing during the first week of October. 

Gold-buying by central banks seen climbing from near decade low

By: Bloomberg     30th September 2020 Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year. Citigroup Inc. sees demand from the official sector rising to about 450 tons after a drop to 375 tons this year, which would be the lowest in a... 

EV demand will spark lithium mining reinvention

By: Bloomberg     30th September 2020 Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium’s top executive. “The industry’s going to have some challenges as higher purity lithium compounds are required --... 

Lundin seeks mediation to stave off strike at Candelaria mine in Chile

By: Reuters     Updated 13 minutes ago Canada's Lundin Mining, owner of the Candelaria mine in Chile, has requested government mediation in a last-ditch effort to stave off a strike by one of its unions after failing to reach a contract deal, the company said on Wednesday. The mine's union of 350 members rejected the company's latest... 

Fresnillo takes up $482m of tender offer for 2023 notes

By: Reuters     Updated 28 minutes ago Mexican precious metals mining company Fresnillo said on Wednesday it had taken up $481.721-million of a tender offer to buy back some $800-million of its notes maturing in 2023. The company, a unit of miner Industrias Peñoles, last week launched the offer on the notes, which pay a coupon of... 

Chile sees $74bn in mining investments over a decade

By: Reuters     Updated 30 minutes ago Chile expects $74-billion in mining investment in the next decade, driven mainly by the copper industry, the country's top exporter, State copper agency Cochilco, said on Wednesday. The roster of investments includes sprawling projects from such top global miners as Antofagasta, Lundin Mining,... 

Trump moves to expand rare earths mining, citing China threat

By: Bloomberg     Updated 37 minutes ago President Donald Trump signed an executive order declaring a national emergency in the mining industry, a move aimed at expanding domestic production of rare earth minerals vital to most manufacturing sectors. The order directs the Interior Department to explore using the Defense Production Act... 

Trump moves to expand rare earths mining, citing China threat
US President Donald Trump

Kinross buys Alaska gold project

By: Mariaan Webb     30th September 2020 Canadian miner Kinross Gold on Wednesday announced that it would acquire a 70% interest in the Peak Gold project, about 400 km south-east of the company’s Fort Knox mine. The project, which it is buying from Royal Gold and Contango ORE, for $93.7-million in cash, is seen as a low-risk “tuck-in”... 

Kinross buys Alaska gold project
Kinross plans to process ore from Peak Gold at its Fort Knox operation (pictured).

China's Shandong Gold to buy Xinjiang-focused miner Hengxing

By: Reuters     30th September 2020 Shandong Gold Mining said on Wednesday it would buy Hengxing Gold Holding in an all-stock deal worth around HK$3-billion ($387-million) that gives it control of the Gold Mountain mine in China's Xinjiang region. The purchase continues a prolific acquisition spree for state-run Shandong Gold in a... 

Chaarat says impact of military action minimal

By: Mariaan Webb     30th September 2020 The military action between Azerbaijan and Armenia in the disputed Nagorno-Karabakh region has thus far had a minimal impact on the Kapan mine, London-listed Chaarat Gold reported on Wednesday. The Kapan mine, which the company bought last year, is about 150 km from the Nagorno-Karabakh region.... 

Top steel producer commits to zero emissions by 2050

By: Mariaan Webb     30th September 2020 ArcelorMittal on Wednesday announced a group-wide commitment to being carbon neutral by 2050, building on the commitment made in 2019 for its European business to reduce emissions by 30% by 2030, and be carbon neutral by 2050. “As the world’s leading steel company, we believe we have a... 

Top steel producer commits to zero emissions by 2050

Erris to buy German lithium project from Bacanora

By: Mariaan Webb     30th September 2020 Europe-focused minerals explorer Erris Resources says it is in the advanced stages of a transaction to buy the Zinnwald lithium project, in Germany, from fellow London-listed Bacanora Lithium. The proposed acquisition of 50% of Zinnwald – a late stage project – will transform Erris from a... 

Erris to buy German lithium project from Bacanora

Bowen completes Broadmeadow East buy

By: Esmarie Iannucci     30th September 2020 ASX-listed Bowen Coking Coal has completed the acquisition of the Broadmeadow East coking coal project from US major Peabody. The two companies in June this year struck an agreement allowing Bowen to acquire the Broadmeadow East project for a A$1-million cash consideration. Bowen would also pay... 

Rio Tinto wraps up Janice Lake 2020 campaign

By: Creamer Media Reporter      30th September 2020 Rio Tinto Exploration Canada (RTEC) has completed its summer exploration programme at the Janice Lake Sedimentary copper/silver project in northern Saskatchewan. TSX-V-listed Forum Energy Metals reports that a total of 25 holes have been completed for 818 m on seven targets. Assay results are... 

Stibnite comment period extended

By: Mariaan Webb     30th September 2020 The US Forest Service (USFS) has extended the comment period on the Stibnite gold project draft environmental impact statement to October 28, providing interested parties 75 days in total to submit feedback. The legal requirement is for a 45-day comment period and the USFS initially set down a... 

Stibnite comment period extended
Midas Gold Idaho CEO Laurel Sayer

Anova completes Second Fortune sale

By: Esmarie Iannucci     30th September 2020 Junior Anova Metals has completed the A$9-million divestment of its Second Fortune gold mine, and the greater Linden gold project, to the Linden Gold Alliance. Anova on Wednesday confirmed that it had received the remaining A$4.5-million of the A$5-million up-front cash consideration. 

Agnico Eagle teams up with Newmont in Colombia

By: Creamer Media Reporter      30th September 2020 Canadian miner Agnico Eagle on Tuesday announced a 50:50 exploration joint venture (JV) in Colombia with the world’s largest gold miner, Newmont. The JV will explore the Anza project, in which Newmont has earn-in rights, and will seek other prospective gold targets of district-scale potential in... 

Alcoa secures more gas in WA

By: Esmarie Iannucci     30th September 2020 Aluminum producer Alcoa has inked three new gas sales and purchase agreements that would supply 198 PJ of gas to its alumina refineries in Western Australia, starting from 2024. The company this week said that the agreements with Warrego Energy, ExxonMobil and Chevron, coupled with existing gas... 

Pilbara meets shipping targets, draws down funds

By: Esmarie Iannucci     30th September 2020 Spodumene and tantalum producer Pilbara Minerals has completed the drawdown of a $110-million finance facility, used to redeem the outstanding balance owing under a $100-million senior secured Nordic Bond. The Nordic Bond was used to support financing of the Stage 1 Pligangoora lithium/tantalum... 

Changes planned for NAIF

By: Esmarie Iannucci     30th September 2020 The Australian government has announced reforms to the Northern Australian Infrastructure Facility (NAIF), which will provide more flexibility, increased risk appetite and widen the scope of projects eligible for funding. Minister for Resources, Water and Northern Australia Keith Pitt said the... 

IPC approves Narrabri plans

By: Esmarie Iannucci     30th September 2020 The New South Wales Independent Planning Commission (IPC) has approved the A$3.6-billion Narrabri coal seam gas project, being punted by oil and gas major Santos. Santos has sought development consent for up to 850 gas wells and associated infrastructure across the 95 000 ha project area,... 

IPC approves Narrabri plans

Chapada full capacity expected in 60 days – Lundin

By: Mariaan Webb     30th September 2020 Partial processing will resume at the Chapada copper/gold mine, in Brazil, within one week and a return to full capacity is expected to be achieved in 60 days, base metals miner Lundin Mining reported on Tuesday. The Chapada mine suffered an interruption at the weekend, when four mill motors... 

Court blocks Arch, Peabody thermal coal venture

By: Mariaan Webb     30th September 2020 Coal miners Peabody Energy and Arch Resources have terminated their proposed thermal asset joint venture (JV), after the US District Court’s ruling to block the transaction. In separate statements, the companies said on Tuesday that they were disappointed and disagreed with the verdict, arguing... 

Court blocks Arch, Peabody thermal coal venture

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