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Bush clearing, shaft rehab under way at West Wits gold revival project  

By: Martin Creamer     16th September 2021 Australia-listed West Wits Mining, which is considering a secondary listing on the JSE, has commenced bush clearing and old shaft rehabilitation west of Johannesburg, as part of its far-reaching revival plans for an area where gold mining took place as recently as 20 years ago. West Wits Mining,... 

West Wits Mining MD Jac van Heerden interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Sibanye-Stillwater buys half of ioneer’s Nevada project for $490m 

By: Mariaan Webb     16th September 2021 Johannesburg- and New York-listed miner Sibanye-Stillwater is investing $490-million in a lithium-boron mining project in Nevada, US, as it steps up its presence in the battery materials supply chain. Sibanye-Stillwater on Thursday announced that it would establish a joint venture (JV) with... 

An image of Sibanye-Stillwater CEO Neal Froneman
Sibanye-Stillwater CEO Neal Froneman

Harmony reaches wage agreement with five unions

By: Marleny Arnoldi     16th September 2021 Trade unions Solidarity, the Association of Mineworkers and Construction Union, the National Union of Mineworkers, Uasa and the National Union of Metalworkers of South Africa have reached a three-year wage agreement with JSE-listed Harmony Gold. The agreement makes provision for a 6% salary... 

Operating in remote regions presents ‘golden opportunity’ for miners to improve lives – Barrick

By: Donna Slater     16th September 2021 Implementing its environment, social and governance (ESG) policies in remote regions in the Democratic Republic of Congo (DRC) has presented Barrick Gold with a “golden opportunity” to improve people’s lives in a challenging region, says Barrick Gold DRC country director Cyrille Mutombo. He spoke... 

Roundtable hears views on South Africa’s hydrogen progress, JSE mulls metals exchange

By: Marleny Arnoldi     16th September 2021 Mapungubwe Institute for Strategic Reflection (Mistra) on September 15 hosted its sixth annual platinum group metals (PGMs) roundtable, placing emphasis on the progress achieved thus far in developing hydrogen opportunities in South Africa. Political strategist Joel Netshitenzhe, as the first... 

Hydrogen fuel cell truck

Orion welcomes IDC’s support at Okiep

By: Marleny Arnoldi     16th September 2021 South Africa’s Industrial Development Corporation (IDC) has indicated its intention to partner with JSE- and ASX-listed Orion Minerals on the development of the Okiep copper project, in the Northern Cape. As it stands, the IDC is a 43.75% shareholder in Southern African Tantalum Mining (Safta)... 

Vedanta’s Black Mountain Mining ramps up digitalisation efforts

By: Tasneem Bulbulia     16th September 2021 In alignment with underground operations worldwide increasingly digitalising their operations, Vedanta Zinc International's (VZI) Black Mountain Mining's (BMM's) underground operation Swartberg is also embarking on digitalisation efforts. VZI, a grouping of zinc assets located in South Africa and... 

PGMs are being hammered by the chip shortage

By: Bloomberg     16th September 2021 The shortage of semiconductors is clobbering the price of platinum-group metals as investors brace for a long-lasting hit to car production. Platinum and its sister metals palladium and rhodium – used in pollution-cutting catalytic converters – have all suffered sharp drops in recent weeks as... 

Queen’s Virtues coin series now features platinum

By: Marleny Arnoldi     16th September 2021 The Treasury of St Helena and The East India Company have added platinum to its St Helena Queen’s Virtues Series of coins. To provide choice for investors, the companies have included three sizes – 1 oz, 0.5 oz and 0.10 oz – in the 2021 Queen’s Virtues Victory coin range.  

St Helena's platinum Queen's Virtues Victory coin
Treasury of St Helena's platinum Queen's Virtues Victory coin

Gemfields records strong six-month performance

By: Tasneem Bulbulia     16th September 2021 JSE-listed Gemfields expects to report a net profit after tax of $23.8-million for the six months to June 30, compared with the $56.7-million net loss after tax reported for the comparative six-month period in 2020. In rand terms, the net profit after tax is expected to be R346-million. 

Ugandan exports plunge 30% as gold shipments are halted over tax

By: Bloomberg     16th September 2021 Ugandan exports plunged in July as a new levy on gold, which vies with coffee as the nation’s leading trade product, halted shipments of the metal. Shipments from the East African nation fell 30% to $300.4-million from a year earlier, the Finance Ministry said in a statement on its website on... 

Nigerian Minister wants death penalty for gold smuggling

By: Bloomberg     16th September 2021 Gold smugglers in Africa’s largest economy deserve the death penalty, Nigeria’s deputy minister in charge of mining development said. Uche Ogah, minister of state for mines and steel development, told lawmakers investigating the alleged loss of $9-billion a year to illegal mining of the precious... 

Magazine round up | 17 September 2021 

Updated 2 hours 46 minutes ago A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 17 September 2021

Russia may change tax for steel raw materials, fertilisers, Nornickel

By: Reuters     16th September 2021 Russia may set a new mineral extraction tax (MET) linked to global prices for the country's producers of iron ore, coking coal and fertilisers, as well as complex ore mined by Nornickel, four sources at companies familiar with talks told Reuters. Moscow has been searching for additional proceeds... 

Zimbabwe turns to Mozambique, Zambia to Ease 12-Hour Power Cuts

By: Bloomberg     16th September 2021 Zimbabwe asked Mozambique and Zambia to supply it with more electricity as it tries to fill a power shortfall that’s led to outages of 12 hours a day. “We are in discussions with Mozambique for the recently commissioned power plants to give us an additional 180 MW,” Energy Minister Soda Zhemu... 

ERG and NFC China to build special coke plant in Kazakhstan

By: Creamer Media Reporter      16th September 2021 Eurasian Resources Group (ERG) and China Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC China) have signed an engineering, procurement and construction (EPC) contract to build a special coke plant at Shubarkol Komir in Kazakhstan. The new 400 000 t/y plant will produce a... 

Rio in a tax war with ATO

By: Esmarie Iannucci     16th September 2021 Mining major Rio Tinto on Thursday said that it would dispute a A$352-million penalty by the Australian Taxation Office (ATO). The ATO in March this year issued the miner with an amended assessment of of A$359.4-million primary tax and A$47.1-million of interest, related to the denial of... 

ABB launches solutions for zero-carbon mining

By: Esmarie Iannucci     16th September 2021 Global technology company ABB has released a portfolio of solutions that will help accelerate the move towards a zero-carbon mine. Dubbed ABB Ability eMine, the portfolio comprises electrification technologies which makes the all-electric mine possible from mine to port and is integrated with... 

Jindalee positive on McDermitt future

By: Esmarie Iannucci     16th September 2021 An initial scoping study into the McDermitt lithium project, in Oregon, has confirmed that the project could support a viable stand-alone lithium mining and processing operation. ASX-listed Jindalee Resources said on Thursday that the study had confirmed the potential to produce high quality... 

Bradespar to distribute about $1bn in Vale stock to shareholders

By: Reuters     16th September 2021 Brazilian holding company Bradespar, one of the largest shareholders in miner Vale SA, said it will distribute 5.2-billion reais ($990-million) in Vale shares to its shareholders, reducing its capital. In a securities filing late on Tuesday, Bradespar said the proposal will be put to a vote at... 

Vulcan completes first part of capital raise

By: Esmarie Iannucci     16th September 2021 ASX-listed Vulcan Energy has completed a A$200-million share placement to advance its Zero Carbon lithium project, in Germany. The company earlier this week announced plans for a A$220-million capital raise, consisting of a A$200-million share placement to sophisticated, professional and... 

American Pacific doubles Tuscarora size, reports grades of 21 032 g/t gold

By: Creamer Media Reporter      16th September 2021 Exploration and development company American Pacific Mining on Wednesday announced a transaction that effectively doubles the size of its Tuscarora land package, in Nevada. The company would acquire the assets of project generator Ubica Gold, gaining 77 claims (76 unpatented and one patented) at... 

An image of a signpost for the Tuscarora project.

A$700m Vickery coal extension project gets enviro clearance

By: Esmarie Iannucci     16th September 2021 Federal Environment Minister Sussan Ley has approved coal miner Whitehaven Coal’s A$700-million Vickery Extension project, in New South Wales. Ley’s approval follows the New South Wales Independent Planning Commission approving the project in August of last year. 

Funding provided to Stanewell's hydrogen study in Qld

By: Esmarie Iannucci     16th September 2021 The Australian government is providing up to $2.17 million through the Australian Renewable Energy Agency (ARENA) to support the A$10.5-million into the study for a large-scale hydrogen electrolyser and liquefaction facility in Gladstone, Queensland. Energy infrastructure business APA Group this... 

Nuclear subs could be pathway to decarbonising - MCA

By: Esmarie Iannucci     16th September 2021 Australia would need to consider the next generation of nuclear technologies as part of its efforts to reduce emissions, the Minerals Council of Australia (MCA) said this week. MCA CEO Tania Constable on Thursday pointed out that while Australia has one third of the world’s uranium supplies,... 

WA joins Future Fuels CRC

By: Esmarie Iannucci     16th September 2021 The Western Australian government has joined the Future Fuels Cooperative Research Centre (CRC), as part of its efforts to becoming an industry leader in hydrogen. The Future Fuels CRC is an industry focused research, development and demonstration partnership supporting the decarbonisation of... 

Govt calls for JMEI inputs

By: Esmarie Iannucci     16th September 2021 The federal government has called for consultation in the impact of the Junior Minerals Exploration Incentive (JMEI), which is helping to fund the exploration of new resource deposits. Federal Resources Minister Keith Pitt said that the consultation process was an opportunity for companies to... 

Siviour gets major project status

By: Esmarie Iannucci     16th September 2021 ASX-listed Renascor Resource’s A$209-million Siviour battery anode material operation, in South Australia, has been granted Major Project status by the federal government. Minister for Resources and Water Keith Pitt said the Siviour project is expected to support over 100 new jobs during the... 

Rich nations head to South Africa seeking coal exit deal

By: Bloomberg     16th September 2021 Four of the world’s richest nations will send a delegation to South Africa as soon as next week to seek a deal to begin closing the country’s coal-fired plants, according to people familiar with the matter. Officials from the US, UK, France and Germany are looking for an agreement with Eskom... 

A photo of a coal-fired power station

Grupo Mexico, Hudbay vie for $2bn Spanish miner

By: Bloomberg     16th September 2021 Conglomerate Grupo Mexico SAB and Canada’s Hudbay Minerals are among final bidders competing to acquire a Spanish copper miner from Trafigura Group, people with knowledge of the matter said. The parties made binding offers last week for Minas de Aguas Tenidas, which is known as Matsa and could... 

Top lithium producer Albemarle, union in Chile reach agreement, ending strike

By: Reuters     16th September 2021 Albemarle, the world's top lithium producer, said on Wednesday it had reached a labor contract deal with a union at its Atacama salt flat plant, ending a month-long strike that had inflamed tensions between workers and the company. The 135-member "Albemarle Salar" union, which comprises about... 

In Arctic push, US extends new economic aid package to Greenland

By: Reuters     16th September 2021 Greenland said on Wednesday it had agreed a new economic aid package with the United States which seeks to boost ties the world's biggest island and strengthen US military presence in the Arctic. Washington has a military base on Greenland but paid little attention to the Arctic for two decades... 

An image of Greenland scenery

Codelco reaches labor agreement with union at small Salvador division

By: Reuters     16th September 2021 Chile's State-owned Codelco, the world's largest copper producer, said on Wednesday it had reached agreement on a labor contract with a union representing workers at its small Salvador division in northern Chile. The miner and the Benito Tapia Tapia union No. 6 signed a 36-month deal that... 

Bauba CEO resigns

By: Simone Liedtke     15th September 2021 Nick van der Hoven has resigned as CEO of JSE-listed Bauba Resources. The company reported on September 15 that Frederick Geldenhuys had also resigned as independent nonexecutive director. 

Coalition plans marches in pursuit of a just transition

By: Simone Liedtke     15th September 2021 Youth leaders, civil society groups, trade unions and grassroots movements under the Climate Justice Coalition have expressed dissatisfaction with the Department of Mineral Resources and Energy (DMRE) and will, as a result, hold planned nationwide marches, it said on September 15. The coalition... 

Glencore appoints new independent nonexec director

By: Creamer Media Reporter      15th September 2021 Diversified miner Glencore has appointed David Wormsley independent nonexecutive director, with immediate effect. He had a 35-year career at Citigroup (originally Schroders), culminating in his appointment as chairperson of UK banking and broking, before retiring earlier this year. 

China calls for better reporting of mineral reserves for energy security

By: Reuters     15th September 2021 China has asked local governments and major oil companies to conduct a thorough survey of their mineral reserves as it seeks to provide more "dynamic" updates on the country's mineral wealth for the sake of its energy and economic security. The Ministry of Natural Resources urged provinces,... 

Saudi Arabia ‘very much open for business’, official tells mining event

By: Creamer Media Reporter      15th September 2021 Saudi Arabia is “very much” open for business, Vice-Minister of Mining Affairs Khalid Al-Mudaifer told the MINExpo International this week, outlining opportunities for investors, explorers, miners and service providers. Saudi has singled out mining to become the third pillar of the country’s... 

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Magazine round up | 17 September 2021

Bush clearing, shaft rehab under way at West Wits gold revival project

Solar power set to reduce Pan African’s reliance on Eskom by 30%

Resources Watch

Pan African reports record profit, proposes highest ever dividend

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX

ChromeSA says imposition of export tax would be high risk

National collaboration essential to win share of green hydrogen market, say debaters

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