R/€ = 17.34 Change: 0.03
R/$ = 14.57 Change: 0.01
Au 1733.73 $/oz Change: -5.85
Pt 1173.57 $/oz Change: -14.43

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CATL takes stake in DRC cobalt mine for $137.5m 

By: Reuters     12th April 2021 Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) said on Sunday its subsidiary would take a stake in China Molybdenum Co's Kisanfu copper/cobalt mine in the Democratic Republic of Congo (DRC) for $137.5-million. The investment gives CATL access to one of the world's largest... 

CATL takes stake in DRC cobalt mine for $137.5m

AfriTin progressing by-product test work programme at Uis  

By: Tasneem Bulbulia     12th April 2021 Aim-listed AfriTin Mining is proceeding with a metallurgical test work programme to investigate the by-product potential of ancillary metals at its Uis tin mine, in Namibia. The Uis mine’s 2012 Joint Ore Reserves Committee-compliant mineral resource estimate includes ancillary metals with an... 

Glencore signs MoU with Chinese company for carbon capture tech  

By: Tasneem Bulbulia     12th April 2021 The China Huaneng Group Clean Energy Research Institute and diversified miner Glencore have signed a memorandum of understanding (MoU) to cooperate on carbon capture use and storage (CCUS) technology, starting with Glencore’s Carbon Capture Transport and Storage Company (CTSCo) project at the... 

Suntrace, BayWa complete solar-battery hybrid system for B2Gold’s Fekola mine

By: Tasneem Bulbulia     12th April 2021 Renewable energy companies Suntrace and BayWa, together with gold miner B2Gold, have completed commissioning of the world’s largest off-grid solar-battery hybrid system for the mining industry, at the Fekola gold mine, in Mali. The solar-battery hybrid plant was integrated and commissioned... 

Rare earths project diversifies sector

By: Nadine Ramdass     12th April 2021 Increased interest in a green economy and critical minerals is leading to new mining and investment opportunities in Tanzania such as ASX-listed rare earths mining company Peak Resources’ Ngualla rare earths project. “The Ngualla project is based on one of the largest and highest-grade... 

Rare earths project diversifies sector
Bardin Davis Rare earths provide Tanzanian mining sector with new opportunites

Weekly Coal Index Report

12th April 2021 As Anglo Coal forges ahead with listing Thungela Resources, Exxaro has sold its central block operations (Forzando, Dorstfontein) to Overlooked Coal. However, the mining houses are holding onto their coal export allocation, indicating that coal trading and marketing remains a key advantage for... 

Weekly Coal Index Report

ZCCM to appeal against latest Court of Appeal ruling in Konkola dispute

By: Marleny Arnoldi     12th April 2021 Investment holding company ZCCM has advised that it intends to appeal against the latest decision of the Zambian Court of Appeal and to stay the court’s judgment in a matter between ZCCM and diversified miner Vedanta Resources. The High Court of Zambia ruled against Vedanta on August 7, 2019,... 

Kibo advances Benga power project with Mozambique energy utility

By: Simone Liedtke     12th April 2021 Africa-focused Kibo Energy and its local joint venture (JV) partners have agreed on the next steps towards the ultimate finalisation of a power purchase agreement (PPA) at the company’s Benga power plant project (BPPP), in Mozambique, following a discussion with Mozambique energy utility... 

Oriole discovers visible gold in two holes at Bibemi

By: Donna Slater     12th April 2021 West Africa-focussed explorer Oriole Resources reports that visible free gold mineralisation has been identified in multiple drill holes at its 51%-owned Bibemi gold project, in Cameroon. The company is conducting an ongoing maiden diamond drilling programme, for a planned 3 080 m of drilling of... 

Anglo American says output on track at Chilean mines despite virus surge

By: Reuters     12th April 2021 A resurgence of Covid-19 in Chile should not dampen output at Anglo American's sprawling copper mines in the Andean nation this year, nor is it likely to pose near-term supply chain problems, the company's top executive in Chile told Reuters. Aaron Puna, who took over as CEO of Anglo American... 

Anglo American says output on track at Chilean mines despite virus surge
Los Bronces in Chile

BHP, Vale Samarco JV files for Brazil bankruptcy protection

By: Reuters     10th April 2021 Samarco Mineracao, a joint venture between Brazilian miner Vale and BHP Group, has filed for bankruptcy protection to prevent creditors' claims from affecting its operations, Vale said in a Friday securities filing. The collapse of a dam at the Samarco mine complex in 2015 killed 19 people and... 

BHP, Vale Samarco JV files for Brazil bankruptcy protection

Equinox kicks off Bermejal development at Los Filos

By: Creamer Media Reporter      12th April 2021 Development of the Bermejal underground mine – one of three planned expansion projects at the Los Filos mine, in Mexico, is under way. Bermejal is a higher grade expansion project that will increase Los Filos’ yearly production, reports Equinox Gold CEO Christian Milau. 

'Unconstitutional': Chile govt opposes mine royalty bill, prepares national policy

By: Reuters     12th April 2021 Chile Mining Minister Juan Carlos Jobet said on Monday the country's center-right government would oppose a bill to hike royalties on copper and lithium miners currently under consideration by lawmakers, blasting it as "unconstitutional". The legislation, introduced by left-leaning lawmakers, is... 

Centerra Gold lists in New York

By: Creamer Media Reporter      12th April 2021 Canada-based gold mining company Centerra Gold on Monday announced that it would list its common shares on the NYSE, with trading expected to start on Thursday. The Toronto-headquartered miner’s primary exchange would remain the TSX. 

Nornickel expects full output to resume at flooded mine this month

By: Reuters     12th April 2021 Russia's Nornickel said on Monday it would fully restart operations this month at one of two major mines hit by flooding, earlier than previously expected. Nornickel, the world's largest palladium producer and a leading nickel producer, partly suspended operations at the mines in February after... 

Environmentalists call on Norway to stop plans for deep-sea mining

By: Reuters     12th April 2021 Six environmental organisations, including the World Wildlife Fund and Greenpeace, on Monday called on Norway to stop plans to open ocean areas for deep-sea mining. The government in January launched a process to open areas on its extended continental shelf for exploring and producing minerals... 

Kefi issues shares to warrant holder

By: Tasneem Bulbulia     12th April 2021 Aim-listed Kefi Copper and Gold has received notice from a warrant holder to exercise warrants over 15-million new ordinary shares, and accordingly, has on April 12 allotted and issued 15-million new ordinary shares. Kefi has projects in Ethiopia and Saudi Arabia. 

Artemis selects banks for $360m Blackwater project loan

By: Creamer Media Reporter      12th April 2021 Vancouver-headquartered Artemis Gold has selected two banks to arrange a C$360-million project loan facility to fund a significant portion of the estimated construction costs of its Blackwater project, in central British Columbia. The company has received and executed a credit approved mandate... 

Artemis selects banks for $360m Blackwater project loan

Tombador readies for Brazilian start

By: Esmarie Iannucci     12th April 2021 Junior Tombador Iron is on track to start production at its namesake project in Brazil by the second quarter of this year, pending the award of regulatory approvals. The ASX-listed company on Monday announced that it had secured iron-ore export facilities, inking an agreement with the operator... 

Pantoro reaches milestone at Norseman

By: Esmarie Iannucci     12th April 2021 ASX-listed Pantoro has reached it’s A$50-million sole-fund milestone at the Norseman gold project, in Western Australia, forming an unincorporated joint venture (JV) with fellow-listed Tulla Resources. Pantoro on Monday told shareholders that as a 50% shareholder in the project, the company’... 

Reality check for copper bulls as Chinese demand growth slows

By: Reuters     12th April 2021 Copper long speculators are at risk of a price pull-back due to a delayed pick up in Chinese demand in its traditionally strong industrial consumption season in the second quarter. Bullish investors, who poured money into copper eyeing a commodity super-cycle, have already reduced exposure amid... 

Antipa JV's exploration budget increases

By: Esmarie Iannucci     12th April 2021 The joint venture (JV) partners for the Citadel copper/gold project, in Western Australia, have increased the exploration budget for 2021 from A$13.8-million to A$24.5-million. ASX-listed Antipa Minerals on Monday reported that as a result of JV partner Rio Tinto Exploration sole funding more... 

Antipa JV's exploration budget increases

Allegiance secures funding from GEAR

By: Esmarie Iannucci     12th April 2021 Coal developer Allegiance Coal has reached a A$15-million private placement agreement with Singapore-listed Golden Energy and Resources (GEAR). The private placement with GEAR comes just days after Allegiance Coal raised A$15-million through a private placement to sophisticated and... 

Strickland raises exploration funding

By: Esmarie Iannucci     12th April 2021 ASX-listed Strickland Metals will look to raise more than A$5-million through a pro-rata rights issue to fund exploration work in Western Australia. The company on Monday announced that it would undertake a two-for-three non-renounceable pro-rata entitlement offer, priced at 1.8c a share. 

Santos incentivises Gallagher to stay put

By: Esmarie Iannucci     12th April 2021 Oil and gas major Santos has awarded CEO and MD Kevin Gallagher a A$6-million incentive to remain at the company’s helm until 2025. The company on Monday confirm that the board had agreed to a once-off growth projects incentive to ensure that Gallagher would see through the delivery of Santos’... 

Gold Road's Tropicana buy not finalised

By: Esmarie Iannucci     12th April 2021 Gold miner Gold Road Resources has reportedly missed out on acquiring fellow-listed Independence Group’s (IGO’s) 30% share of the Tropicana gold mine, in Western Australia. Gold Road on Monday responded to media speculation about potential discussions with IGO around its interest in the joint... 

Antofagasta says surging copper price not enough to entice big investments

By: Reuters     12th April 2021 Miners will think twice before splashing out on major new projects even as copper prices have soared to decade-long highs this year, the CEO of Chile's Antofagasta told Reuters. Prices have surged in recent weeks amid expectations of a global economic recovery, sparking talk of a new investment... 

Antofagasta says surging copper price not enough to entice big investments
Antofagasta CEO Iván Arriagada says investors are cautious.

Cigar Lake uranium mine to restart this month

By: Creamer Media Reporter      10th April 2021 Canadian uranium major Cameco on Friday announced that the Cigar Lake mine, in northern Saskatchewan, would be reopened this month, but that the timing would depend on how quickly the workforce could be remobilised. Operations at the high-grade uranium mine were halted in December. At the time,... 

Cigar Lake uranium mine to restart this month
Cigar Lake

Gemfields generates first ruby revenue in 15 months

By: Marleny Arnoldi     9th April 2021 London-listed Gemfields has generated revenue of $58-million from seven online ruby auctions held during March 15 to April 8. The average selling price was $171.33/ct. 

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Impala Rustenburg hands over SLP projects to communities

By: Tasneem Bulbulia     9th April 2021 Impala Rustenburg, a member of the Impala Platinum (Implats) group, on April 9 handed over nine completed social and labour plan (SLP) projects to communities near its operations. The projects represent over R94-million of investment from Impala Rustenburg, several years of work and the creation... 

Kirkland Lake outperforms Q1 guidance

By: Mariaan Webb     9th April 2021 Gold miner Kirkland Lake on Friday announced its first-quarter results, exceeding its guidance on the back of higher-than-expected production at the Forsterville mine, in Australia, and the Detour Lake mine, in Canada. The company, which trades on the TSX, NYSE and ASX, produced 302 847 oz,... 

Tirupati reaches 97% of nameplate capacity at Sahamamy project

By: Marleny Arnoldi     9th April 2021 London-listed Tirupati Graphite has achieved record production and sales at its Sahamamy mining operation, in Madagascar, in the first quarter of the year. The 3 000 t/y project has breached 97% of nameplate high-quality flake graphite production capacity.  

Clean hydrogen private infrastructure investment fund launched

By: Schalk Burger     9th April 2021 A newly launched private infrastructure investment fund FiveT Hydrogen is dedicated to delivering clean hydrogen infrastructure projects at scale. The fund aims to raise €1-billion from a combination of financial and industrial investors and act as a catalyst in the scaling of the global hydrogen... 

Price rebound, Covid-19 curbs put brakes on India buying

By: Reuters     9th April 2021 Physical gold demand in India stalled this week after local prices rebounded from a one-year trough and coronavirus restrictions were imposed, while buyers in other major Asian hubs were also put off by an uptick in prices. "This week gold prices rose in the international market and rupee also... 

Alphamin achieves record $36m quarterly earnings

By: Marleny Arnoldi     9th April 2021 JSE- and TSX-V-listed Alphamin has generated a new quarterly record earnings before taxes, interest, depreciation and amortisation (Ebitda) of $36.5-million for the first quarter of the year. The higher Ebitda is on the back of 3 351 t of tin sales, which is a 45% improvement on the prior... 

Ivanhoe appoints energy veteran as chair of Kamoa Copper

By: Marleny Arnoldi     9th April 2021 TSX-listed Ivanhoe Mines has appointed Ben Munanga to succeed Louis Watum as chairperson. Kamoa Copper is the Democratic Republic of Congo (DRC) operating company of the joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River and the government of the DRC. 

Investors oppose Rio Tinto pay report over rock shelter outrage

By: Reuters     9th April 2021 Shareholders, including Norges Bank and the Local Authority Pension Fund Forum (LAPFF), said they voted against Rio Tinto's remuneration report at its London annual meeting (AGM) on Friday. Rio Tinto in September dismissed former chief executive Jean-Sebastien Jacques and two deputies in... 

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Exploration industry has tight deadline to comment on controversial draft regulations

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