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Platinum on cathodes of zinc-air system chosen to decarbonise New York

By: Martin Creamer     Updated 13 minutes ago Platinum features on the cathode of zinc-air battery technology that is taking the City of New York by storm in helping to lower the carbon footprint of its buildings, Mining Weekly can today report. Zinc8, the Canadian Stock Exchange company that has won the city’s decarbonisation challenge, has... 

Iron-ore euphoria of today arising out of iron-ore despair of yesteryear offers crucial policy lesson, says mining analyst in a ‘Postcard to the President’ 

By: Martin Creamer     12th May 2021 If you bought R100 000 worth of shares in Kumba Iron Ore at the start of 2016, you would now be sitting on shares worth a staggering R2.67-million, excluding dividends. This is because Kumba’s all-time low share price of R25.35 in January 2016 has skyrocketed 2 647% to R696.45, reflecting the... 

Iron-ore euphoria of today arising out of iron-ore despair of yesteryear offers crucial policy lesson, says mining analyst in a ‘Postcard to the President’
Photo by Creamer Media
In a ‘Postcard’ to President Cyril Ramaphosa, mining analyst Bruce Williamson (right) pleads for the creation of ‘all-weather’ mining policy.

Minerals Council urges employees over 60 to register for vaccinations

By: Tasneem Bulbulia     Updated 34 minutes ago Industry organisation the Minerals Council South Africa has urged employees over the age of 60 to register for the second phase of the Covid-19 vaccine roll-out that is due to start on May 17. It further appeals to all employees to assist their family members, neighbours and friends over the age... 

Mining production, sales increase year-on-year in March

By: Tasneem Bulbulia     Updated 1 hour 6 minutes ago Mining production increased by 21.3% year-on-year in March, data published by Statistics South Africa shows. The largest positive contributors were platinum group metals (PGM), with a 68.6% increase and contributing 11.6 percentage points; iron-ore, with a 47.9% increase and contributing 4.1... 

Zijin, Nkwe launch Garatau platinum mine 

By: Marleny Arnoldi     Updated 1 hour 30 minutes ago China-headquartered Zijin Mining Group, through its South African subsidiary Nkwe Platinum, on May 13 announced the start of development at its Garatau platinum-group metals (PGMs) mine, in Limpopo. Boxcut development at the mine will start on May 28 and the company envisions decline shaft... 

Endeavour doubles first-quarter production, costs decrease

By: Donna Slater     Updated 28 minutes ago West Africa-focussed gold miner Endeavour Mining has increased its production in the first quarter of the year by 102% to 347 000 oz, while its all-in sustaining costs (AISC) decreased by 3% to $868/oz. With a strong focus on shareholder returns, the company paid its first dividend of... 

Exxaro partners with Saica Enterprise Development for finance programme

By: Tasneem Bulbulia     Updated 2 hours 34 minutes ago Diversified miner Exxaro Resources is collaborating with the South African Institute of Chartered Accountants’ (Saica’) Enterprise Development (ED) unit to implement a financial excellence programme for the miner’s suppliers. The programme is aimed at enhancing the financial management systems... 

BHP, Rio and Vale set global design challenge

By: Esmarie Iannucci     13th May 2021 Majors BHP, Rio Tinto and Vale have launched a global competition for technology innovators to help develop new concepts for large-scale haul truck electrification systems to help significantly cut emissions from surface mine operations and unlock safety, productivity and operational... 

BHP, Rio and Vale set global design challenge

Mining starts at Morila

By: Esmarie Iannucci     13th May 2021 Openpit mining ha started at the Morila gold mine, in Mali. ASX-listed Firefinch on Thursday reported that some 100 000 t of ore from the Morila Pit 5 have already been hauled by contractor EGTF to the run-of-mine stockpiles, complementing the 530 000 t of ore mechanically mined from the... 

Lulo delivers another large diamond

By: Esmarie Iannucci     13th May 2021 Diamond miner Lucapa has recovered a 138 ct diamond from Mining Block 46 at its Lulo operation, in Angola. The ASX-listed company on Thursday said that this was the seventh diamond of more than 100 ct to be recovered in 2021 so far, and the 24th stone of more than 100 ct to be recovered at Lulo... 

Mining starts at GoldStone’s Ghana gold project

By: Donna Slater     Updated 5 hours ago Aim-listed GoldStone Resources, in April, started mining and ore stacking at the Homase mine within its Akrokeri-Homase gold project (AKHM) in Ghana, with the first mined ore having been successfully stacked onto the heap leach pad. This follows the pre-stripping and clearing of the Homase mine... 

Caledonia’s lower quarterly production offset by higher gold price

By: Tasneem Bulbulia     Updated 6 hours ago Aim-listed Caledonia Mining recorded gross revenues of $25.7-million for the quarter ended March 31, with higher revenues year-on-year reflecting a higher realised gold price, offset by lower sales as a result of lower production. Revenues include the sales proceeds of 1 584 oz of gold in... 

Petra agrees to settlement over human rights abuses claims

By: Tasneem Bulbulia     12th May 2021 A settlement has been agreed with diamond miner Petra Diamonds following claims of serious human rights abuses at its majority-owned Williamson diamond mine in Tanzania. Law firm Leigh Day has agreed the settlement on behalf of 71 claimants who allege that they suffered serious human rights... 

Petra agrees to settlement over human rights abuses claims
Williamson mine

Fitch raises forecast lead prices on stronger demand

By: Tasneem Bulbulia     Updated 5 hours ago Buoyed by an ongoing rally in industrial metal prices, lead prices will likely remain resilient until mid-2021, research agency Fitch Solutions Country Risk and Industry Research says. It is, therefore, revising its forecast lead price higher to $2 050/t, from its previous estimate of $1 950/t. 

Gertler mining deals could cost Congo $1.76bn in royalties - activists

By: Reuters     13th May 2021 Congo could lose out on $1.76-billion in potential royalty payments from its copper and cobalt mining deals with Israeli mining magnate Dan Gertler, an anti-corruption group said on Wednesday, calling on the government to open an investigation. The US Treasury sanctioned Gertler and more than 30... 

Anglo says technology integral to its sustainability 

By: Schalk Burger     12th May 2021 Diversified mining multinational Anglo American on May 11 provided a detailed overview and update of the technologies that are being developed and deployed group-wide, as well as the impact of its operating model changes, to sustain and improve its operations. “Technology and innovation are... 

Anglo says technology integral to its sustainability
Anglo American technical director Tony O'Neill

Eskom highlights financial limitations as it mulls industrial applications for discounted tariffs 

By: Terence Creamer     12th May 2021 State-owned electricity producer Eskom confirms that it has been approached by customers in various industrial sectors with regard to possible applications for discounted Negotiated Pricing Agreements (NPAs), but says its weak financial position prevents widespread implementation. The first NPA... 

 Eskom highlights financial limitations as it mulls industrial applications for discounted tariffs

AfriTin completes placing to raise £13-million to advance Uis

By: Tasneem Bulbulia     12th May 2021 Aim-listed AfriTin Mining has completed the placing of 216.7-million ordinary shares through an accelerated bookbuild to raise £13-million. “We are very pleased to announce today’s oversubscribed placing, which puts the company in a position to expedite the Phase 1 expansion of our flagship Uis... 

Hydrogen-powered passenger vehicles playing a role in transitioning to low-carbon transport

By: Tasneem Bulbulia     12th May 2021 Demand for platinum in fuel cell electric vehicles (FCEVs) is currently being led by the heavy-duty vehicle segment, principally trucks, buses and fleet vehicles; however, developments in the FCEV passenger vehicle segment highlight that this market is also evolving, says industry organisation... 

Too cold to handle? Race is on to pioneer shipping of hydrogen

By: Reuters     12th May 2021 Hydrogen is touted as an inevitable green fuel of the future. Tell that to the people who'll have to ship it across the globe at hyper-cold temperatures close to those in outer space. Yet that is exactly what designers are attempting to do. 

Kinross on track to meet guidance, announces net-zero commitment

By: Mariaan Webb     12th May 2021 Gold miner Kinross produced 558 777 gold-equivalent ounces (GEOs) in the first quarter ended March and said on Tuesday that it was on track to meet its guidance of 2.4-million GEO for the year. First quarter production was lower than the 567 327 GEO produced in the same quarter of 2020. All-in... 

Kinross on track to meet guidance, announces net-zero commitment

Ivanhoe included in the MSCI Canada Index

By: Creamer Media Reporter      12th May 2021 Africa-focused Ivanhoe Mines would be added to the MSCI Canada Index, effective May 27. The MSCI Canada Index is designed to measure the performance of the large and mid-cap segments of the Canadian market. 

Danakali raising completed

By: Esmarie Iannucci     12th May 2021 Potash developer Danakali has completed a A$20.3-million raise to fund early works at its sulphate of potash (SOP) project, in Eritrea. The company earlier this year announced plans for a 47.2-million shares placement priced at 43c each, with Danakali saying on Wednesday that it had now... 

Walkabout raises funds for Lindi Jumbo

By: Esmarie Iannucci     12th May 2021 Junior Walkabout Resources has raised an initial A$6.4-million through a share placement, and has flagged a further A$7.6-million capital raise to fund work on its flagship Lindi Jumbo graphite mine, in Tanzania. The company on Wednesday reported that it had received firm commitments for a... 

POSCO's investment approved by FCC

By: Esmarie Iannucci     12th May 2021 The Tanzanian government’s Fair Competition Commission (FCC) has approved Korean major POSCO’s $7.5-million investment into ASX-listed Black Rock Mining. Black Rock on Wednesday said that it has been notified by the FFC that there were no objections to POSCO acquiring a 15% interest in the... 

Australian coal miners flag finance, insurance difficulties

By: Reuters     Updated 2 hours 21 minutes ago Australia's coal industry is suffering from dwindling access to finance and insurance that is raising the costs of doing business and threatening the longevity of the an industry that accounts for the country's second-most-valuable exports, submissions to a parliamentary inquiry showed. In... 

Australian coal miners flag finance, insurance difficulties

Portugal's lithium auction could be postponed to early 2022 - ministry

By: Reuters     Updated 2 hours 32 minutes ago Portugal's long-awaited lithium licensing auction could be postponed to early 2022 due to delays in implementing a law granting municipalities more say in mining projects, the environment ministry said. The mining law, approved last October but only put into force this May, gives municipalities... 

Portugal's lithium auction could be postponed to early 2022 - ministry

Nornickel resumes full operations at one of its flooded mines

By: Reuters     Updated 2 hours 35 minutes ago Russian metals producer Nornickel has resumed full operations at one of its two mines hit by flooding this year, it said on Thursday. Nornickel is the world's largest palladium producer and a leading nickel producer. A sudden inflow of water at two of its mines, which account for 36% of ore... 

KGHM plans to sell its smaller mines outside Poland

By: Reuters     Updated 3 hours ago Poland's KGHM, which is one of the world's biggest copper and silver producers, plans to sell its smaller mines outside Poland, including Carlota in the United States, company representatives said on Thursday. "We decided that the smaller mines do not fit in our portfolio. It seems that now is... 

Canada supports mining literacy during national mining week

By: Creamer Media Reporter      Updated 5 hours ago Canadian Natural Resources Minister Seamus O'Regan on Wednesday announced C$130 000 for five projects to promote mineral literacy and build a more inclusive mining industry. The announcement comes as national mining week gets under way, a week highlighting the important role mining plays in... 

Agnico Eagle to sell Barsele project stake to JV partner

By: Mariaan Webb     Updated 5 hours ago Canadian miner Agnico Eagle will sell its indirect 55% interest in the Barsele project, in Sweden, to junior explorer and developer Barsele Minerals, which will hold 100% of the asset. The companies, which announced the nonbinding letter of intent on Wednesday, said that Barsele would make a... 

Agnico Eagle to sell Barsele project stake to JV partner

i-80 concludes Getchell land acquisition

By: Creamer Media Reporter      Updated 6 hours ago Recently listed i-80 Gold has completed a $10-million property acquisition with the Christison family and Seven Dot Cattle to secure mineral and surface interests at its Getchell project, in Humboldt country, Nevada. The lands acquired include an about 42% interest in certain claims that host a... 

Barksdale buys Arizona projects from Rio Tinto

By: Mariaan Webb     Updated 6 hours ago Vancouver-headquartered Barksdale Resources on Wednesday announced that it would acquire two copper exploration projects in Santa Cruz, Arizona, from Kennecott Exploration and, in a separate transaction with Regal Resources, that it would consolidate a 100% interest in the nearby Sunnyside... 

Renascor starts bulk scale PSG production

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed Renascor Resources has started bulk scale purified spherical graphite (PSG) production at its Siviour project, in South Australia. The company was last year granted approval for a 60 t bulk sample from its Siviour project that would be used in a pilot plant production trial, providing... 

Vanadium One enlists Glencore's support for Quebec project

By: Mariaan Webb     Updated 7 hours ago Toronto-headquartered explorer and developer Vanadium One has enlisted the support of commodities major Glencore for the development of the Mont Sorcier iron and vanadium project, in Quebec. Glencore will assist in arranging funding to deliver a bankable feasibility study (BFS) and has entered... 

Vanadium One enlists Glencore's support for Quebec project

Turquoise Hill profit beats as production, prices surge

By: Reuters     Updated 7 hours ago Canadian miner Turquoise Hill Resources on Wednesday beat estimates for first-quarter profit, helped by increased production of copper and gold at its Oyu Tolgoi mine in Mongolia and higher commodity prices. However, the company cut its outlook for full-year gold and copper output to reflect... 

Codelco to break ground on $1.4bn Salvador copper project

By: Reuters     Updated 7 hours ago Chile's State-owned Codelco, the world's largest copper producer, announced on Wednesday it would soon break ground on a $1.4-billion project to extend the life of its aging Salvador division thru 2068. The Rajo Inca project aims to convert Salvador from an underground mine to an open-pit, and... 

Codelco to break ground on $1.4bn Salvador copper project

Ministers throw support behind Nolans development

By: Esmarie Iannucci     13th May 2021 The federal government has backed ASX-listed Arafura Resources’ plans to develop its Nolans rare earths project, in the Northern Territory. The company on Thursday told shareholders that it had received a letter from Minister of Trade, Tourism and Investment, Dan Tehan, and from Minister for... 

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