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Platinum helping California’s fuel cell cars to fill up with hydrogen

By: Martin Creamer     16th July 2019 Thousands of fuel cell electric vehicles (FCEVs) in California obtain their hydrogen with the help of platinum from a growing number of hydrogen refuelling stations that have been established with effective government help. Independent hydrogen consultant Dr Jose Lopez Gallego, who is in South... 

Platinum helping California’s fuel cell cars to fill up with hydrogen
Dr Jose Lopez Gallego (left) talking to Martin Creamer

Acacia seeks stay of intl arbitration; ordered to halt use of North Mara TSF

By: Nadine James     Updated 1 hour 2 minutes ago LSE-listed Acacia Mining’s Tanzanian operating subsidiaries, Bulyanhulu Gold Mine and Pangea Minerals, plans to seek a stay of their international arbitration with the government of Tanzania. If the Tanzanian government agrees to the stay, Acacia expects the arbitration hearing to be postponed to... 

Acacia seeks stay of intl arbitration; ordered to halt use of North Mara TSF

Kibali on track to meet full-year guidance

By: Creamer Media Reporter      Updated 2 hours 40 minutes ago The Kibali gold mine, in the Democratic Republic of the Congo (DRC), remains on track to produce the guided 750 000 oz of gold for this year, Barrick Gold CEO Mark Bristow says. Randgold Resources, which was bought out by Barrick last year, bought the Moto project, which has since been developed... 

Kibali on track to meet full-year guidance
Photo by Reuters
Barrick CEO Mark Bristow

BHP reports solid FY19

By: Esmarie Iannucci     Updated 5 hours ago Diversified giant BHP has exceeded its full-year production guidance for petroleum, while hitting its revised targets for both iron-ore and copper output in the year ended June. CEO Andrew Mackenzie told shareholders on Wednesday that BHP finished the 2019 financial year with an 11% increase in... 

BHP reports solid FY19
BHP CEO Andrew Mackenzie

Implats strengthening balance sheet through early conversion of bonds

By: Creamer Media Reporter      Updated 1 hour 34 minutes ago Platinum group metals (PGMs) producer Impala Platinum (Implats) is inviting holders of its $250-million 3.25% convertible bonds due in 2022 (USD bonds) to exercise their conversion rights. Bondholders will receive a cash payment and shares in Implats in accordance with the terms of the USD bonds. 

Minerals dept issues Section 11 approval for BRPM stake transfer

By: Nadine James     Updated 47 minutes ago The Department of Mineral Resources has granted a Section 11 approval for the transfer of Rustenburg Platinum Mine’s (RPM’s) 33% undivided interest in the mining rights attributable to the Bafokeng Rasimone Platinum Mine (BRPM) joint venture to Royal Bafokeng Platinum (RBPlat). RPM, a wholly... 

Zimbabwe miners told to pay utility bills in foreign currency

By: Bloomberg     Updated 3 hours ago Mining companies in Zimbabwe will have to use foreign currency to pay for power but can make their own arrangements for imports from foreign suppliers, the country’s energy minister said. The order comes just weeks after the government outlawed foreign currency as legal tender and officially... 

Syrah hits production bump at Balama

By: Esmarie Iannucci     Updated 5 hours ago Minor equipment issues at the Balama graphite operation, in Mozambique, has seen ASX-listed Syrah Resources’ production fall by 8% in the second quarter ended June. The company on Wednesday said that 44 000 t of natural flake graphite was produced at Balama during the three months to June, down... 

Force finds offtake for prospective Tshimpala

By: Esmarie Iannucci     Updated 5 hours ago ASX-listed Force Commodities has signed a binding offtake agreement with Swiss-based Transamine Trading SA over the lead and silver production from its Tshimpala project, in Malawi. Under the terms of the agreement, Transamine would purchase all of the high-grade lead and silver produced from... 

Ariana reports strong quarterly performance

By: Creamer Media Reporter      Updated 7 minutes ago Turkey’s Kiziltepe mine, which forms part of the Red Rabbit joint venture between Ariana Resources and Proccea Construction, had a strong second quarter, with gold production exceeding the annualised quarterly guidance. The mine produced 6 438 oz in the three months ended June, which although... 

Fuel cell developments poised to transform PGM, manufacturing sectors

By: Martin Creamer     Updated 15 minutes ago Global developments in the fuel cell sector, which have begun to move at a far faster pace that expected after decades of build-up, is poised t transform South Africa’s platinum group metals (PGMs) and manufacturing sectors, a well-attended fuel cell conference heard on Wednesday. Speakers at the... 

Fuel cell developments poised to transform PGM, manufacturing sectors
Photo by Creamer Media's Martin Creamer
Dr Ferdinand Panik

Fresnillo says 2019 is challenging, cuts guidance

By: Mariaan Webb     Updated 30 minutes ago Mexico-based precious metals miner Fresnillo on Wednesday lowered its production guidance for 2019, citing lower-than-expected ore grades and ore throughput at the Fresnillo mine, a delay in the construction of a leaching pad at Herradura and the lower ore throughput at the dynamic leaching... 

Red 5 hits record quarter

By: Esmarie Iannucci     Updated 47 minutes ago Gold miner Red 5 has reported a record quarter from its Western Australian operations during the three months to June, producing 30 098 oz of gold, compared with the 24 187 oz delivered in the March quarter. Gold sales for the June quarter reached 27 406 oz, compared with the 23 444 oz sold in... 

Warrawoona PFS proves positive for Calidus

By: Esmarie Iannucci     Updated 59 minutes ago A prefeasibility study (PFS) into the Warrawoona gold project, in the Pilbara region of Western Australia, has estimated that some 580 490 oz could be recovered over an initial six year mine life. ASX-listed Calidus Resource on Wednesday told shareholders that Warrawoona could be developed at a... 

Ontario’s First Cobalt refinery moves closer to restarting

By: Mariaan Webb     Updated 1 hour 4 minutes ago The recommissioning of the First Cobalt refinery in Ontario edged forward this week, with the conclusion of a term sheet between TSX-V-listed company and global miner Glencore, detailing the framework for a fully funded, phased restart of the refinery. The term sheet follows on a memorandum of... 

Ontario’s First Cobalt refinery moves closer to restarting

How lithium-rich Chile botched a plan to attract battery makers

By: Reuters     Updated 1 hour 54 minutes ago In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles. Chile had lured the companies with an enticing offer. In exchange for helping the... 

Mt Cattlin breaks records for Galaxy

By: Esmarie Iannucci     Updated 5 hours ago Lithium miner Galaxy Resources has reported a record quarter from its Mt Cattlin mine, in Western Australia, during the three months to June. The Mt Cattlin operation exceeded the production guidance of between 45 000 t and 50 000 t, producing 56 460 t of 6% lithium oxide during the quarter under... 

Vango exercises Ned's Creek option

By: Esmarie Iannucci     Updated 5 hours ago ASX-listed Vango Mining has exercised its option to gain a 51% interest in the Ned’s Creek gold project, in Western Australia, by spending A$5-million within a three year period. Vango and fellow-listed Lodestar Minerals in May struck a binding term sheet under which Vango secured an exclusive... 

Oyu Tolgoi troubles hit Turquoise Hill share price

By: Mariaan Webb     16th July 2019 The share price of Vancouver-based Turquoise Hill tanked to a new one-year low on the TSX and NYSE exchanges on Tuesday, following news of a cost overrun and delays at its major mine project in Mongolia. The stock closed 43% down at C$0.79 a share in Toronto and at $0.60 a share in New York,... 

Alrosa signs JV agreement with Zimbabwean miner

By: Creamer Media Reporter      16th July 2019 Russian diamond miner Alrosa has entered into a joint venture (JV) agreement with Zimbabwe national diamond miner Zimbabwe Consolidated Diamond Company (ZCDC) to develop diamond deposits in the Southern African country. The agreement was signed by Alrosa deputy CEO Vladimir Marchenko and ZCDC... 

Palmietkuilen nears final approval, company liaising with community

By: Tasneem Bulbulia     16th July 2019 Exploration and mining company Canyon Coal’s proposed Palmietkuilen openpit coal mine, in Springs, Gauteng, is in the final stages of regulatory approval and the company hopes to begin mining before the end of the year. Canyon Coal is a subsidiary of mining investment company Menar. 

SRK to review Waterberg platinum project DFS, planning progresses

By: Marleny Arnoldi     16th July 2019 TSX- and NYSE-listed Platinum Group Metals (PTM) will, during this month, submit its definitive feasibility study for the Waterberg project for a peer review by engineering firm SRK Consulting, before publishing it before the end of the third quarter. The company has also filed a mining right... 

Avocet seeks last-chance opportunities before considering voluntary liquidation

By: Marleny Arnoldi     16th July 2019 Embattled Avocet Mining has temporarily withdrawn a resolution that was to be put to shareholders at an upcoming general meeting for the proposed voluntary liquidation of the company. Avocet on Tuesday said it would discuss possible outcomes for the company, including being broken up in an... 

Multotec testing ensures optimal separation efficiencies

By: Marleny Arnoldi     16th July 2019 Mineral processing company Multotec has expanded its technology division’s research and development (R&D) capabilities with a range of specialised facilities. The equipment Multotec uses for testwork includes laboratory-scale, wet, high-intensity magnetic separators, cyclone rigs, filtration... 

Multotec testing ensures optimal separation efficiencies
Multotec uses a Malvern Mastersizer to analyse particle size distribution of a given sample

India’s ONGC established 230Mt crude oil reserves over last three years

By: Ajoy K Das     16th July 2019 India’s national exploration and production major, ONGC Limited, has established 230-million tons of crude oil reserves over the last three years, according to a statement placed before Parliament by Oil and Natural Gas Minister Dharmendra Pradhan. He said that following the new discoveries,... 

Kazakh tycoon sells Petropavlovsk stake to focus on battery minerals

By: Reuters     16th July 2019 Kazakh entrepreneur Kenes Rakishev said on Tuesday he had sold his stake in gold miner Petropavlovsk to Russian billionaire Roman Trotsenko and would invest the proceeds in a cobalt and nickel project he aims to list in Hong Kong. Rakishev bought his shares in late 2017 when he said... 

Endeavour Silver acquires exploration rights near Guanacevi

By: Creamer Media Reporter      16th July 2019 NYSE- and TSX-listed Endeavour Silver has acquired exploration and exploitation rights to two properties adjacent to the Guanacevi mine in Durango state, Mexico. The 15-ha El Porvenir property sits adjacent to the operating Porvenir Norte mine and covers the updip extension of the Porvenir... 

Dundee to optimise Serbia project following PEA

By: Creamer Media Reporter      16th July 2019 TSX-listed Dundee Precious Metals has announced the results of a preliminary economic assessment (PEA) for its Timok gold project, in Serbia, providing a foundation upon which the project will now be optimised. The PEA, prepared by CSA Global Consultants, is based on Timok producing 132 000 oz/y... 

Mahenge Liandu’s metallurgical testwork in line with expectations

By: Nadine James     16th July 2019 Aim-listed investment group Armadale Capital on Tuesday confirmed that commercialisation plans for the Mahenge Liandu graphite project, in Tanzania, continued to advance, with initial metallurgical testwork in line with expectations. Armadale noted that ore was crushed up to 1 mm then put through... 

UCT doctoral student’s research seeks to address issues around municipal zoning

By: Nadine James     16th July 2019 University of Cape Town (UCT) PhD student, Louie van Schalkwyk, has spent the last three years investigating the zoning policy procedures of three municipalities –Umhlathuze, in KwaZulu-Natal; Sol Plaatje, in the Northern Cape; and the City of Cape Town, in the Western Cape –  to determine... 

UCT doctoral student’s research seeks to address issues around municipal zoning
Photo by Je’nine May/UCT
Dr Louie van Schalkwyk

CEZ gives European Metals funding, may partner on lithium project

By: Reuters     16th July 2019 Czech utility CEZ will provide a two-million euro convertible loan to European Metals Holding (EMH), the companies said on Tuesday, giving CEZ a potential majority stake in the company developing a large lithium deposit in the country. The loan will mature on December 31, 2019 and carries a 7.5%... 

Pure Gold bolsters financing with AngloGold raising 

By: Creamer Media Reporter      16th July 2019 TSX-V-listed Pure Gold Mining has enlarged its capital raising to $45.5-million, following additional nonbrokered financing of about $13.04-million from South Africa-headquartered gold major AngloGold Ashanti and an institutional investor. The issue of 23.7-million units at $0.55 each to... 

Amplats’ interim earnings receive boost from higher prices 

By: Nadine James     16th July 2019 A higher rand platinum group metals (PGMs) basket price and a R1-billion stock count adjustment gain have pushed PGMs producer Anglo American Platinum’s earnings and headline earnings for the six months ended June 30, higher. In a revised trading update published on Tuesday, the miner said its... 

Australia to overtake Qatar on LNG field by 2020 - EnergyQuest

By: Esmarie Iannucci     16th July 2019 Australia exported an estimated 75.1-million tonnes of liquefied natural gas (LNG) in 2018-19, generating revenues of A$50.5-billion, new research from EnergyQuest has shown. The export volumes were an increase of 21.2% on the 61.7-million exported in the 2018 financial year, with the LNG... 

Nevada Sunrise, Albemarle reach agreement on Clayton Valley water rights

By: Creamer Media Reporter      16th July 2019 Vancouver-headquartered junior Nevada Sunrise Gold has negotiated a settlement agreement with NYSE-listed Albemarle over a water right permit in the Clayton Valley, Nevada, bringing an end to three years of litigation. Permit 44411’s good standing status has been restored and Nevada Sunrise will... 

Diatreme finds buyer for Galalar product

By: Esmarie Iannucci     16th July 2019 Junior Diatreme Resources has inked a memorandum of understanding (MoU) with China’s Fengsha Group to potentially supply 500 000 t/y of photovoltaic grade silica sand from the Galalar silica project, in North Queensland. Diatreme CEO Neil McIntyre said on Tuesday that the MoU was a significant... 

First-half improvements for Oil Search

By: Esmarie Iannucci     16th July 2019 ASX-listed Oil Search has reported a 38% increase in production during the first half of 2019, as operations in Papua New Guinea recovered following an earthquake in 2018. Total oil production in the six months to June reached 14.1-million barrels of oil equivalent, compared with the... 

Fracking gets a lifeline in WA

By: Esmarie Iannucci     16th July 2019 The Australian Petroleum Production and Exploration Association (Appea) has welcomed the Western Australian government’s release of its implementation plan outlining its response to an Independent Scientific Panel Inquiry into hydraulic fracture stimulation. An independent Scientific Inquiry was... 

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