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Hydrogen fuel cell has inexhaustible future, says Fortescue’s Andrew Forrest 

By: Martin Creamer     15th October 2021 The hydrogen fuel cell has an inexhaustible future as a means of maintaining the planet’s high standard of living, said Fortescue Metals Group chairperson Andrew Forrest during a global online symposium this week. “Our little planet’s cooking, the world’s impatient and there’s any amount of... 

screenshot taken by Creamer Media during Plug Power symposium
Photo by Creamer Media
Plug Power CEO Andy Marsh (left) and Fortescue Metals Group chairperson Andrew Forrest (right)

Creecy says a climate finance breakthrough is key to COP26 success 

By: Terence Creamer     15th October 2021 South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy says a breakthrough is needed at COP26 on the issue of climate finance, warning that the failure of developed countries to honour their $100-billion-a-year commitments has led a breakdown of trust. Addressing a virtual... 

South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy
South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy

Eskom seeks urgent court order to have 2022/23 tariff application adjudicated by Nersa 

By: Terence Creamer     15th October 2021 State-owned electricity utility Eskom has approached the Gauteng High Court to have the regulator’s recent decision to reject its revenue application for the period 2022/23 to 2024/25 set aside for being “patently irrational and unlawful”. Eskom approached the court this week for a review of the... 

Eskom CFO Calib Cassim, who deposed the  founding affidavit, speaking at a previous Nersa hearing
Photo by Creamer Media Chief Photographer Donna Slater
Eskom CFO Calib Cassim, who deposed the founding affidavit, speaking at a previous Nersa hearing

South Africa's banks say they can't cut off funding for coal just yet

By: Reuters     15th October 2021 South African banks say they have to keep funding at least some coal projects for now because an immediate halt would put huge political and economic strains on a nation that relies on the most polluting of fossil fuels. The top four banks have started to withdraw financing, with Nedbank and... 

Opinion: Combatting climate change with green energy solutions for Africa

15th October 2021 In this opinion article, Standard Bank head of sustainable finance, wholesale clients Greg Fyfe and head of power, wholesale clients Rentia van Tonder write that Africa has no choice but to join the global drive toward limiting greenhouse-gas emissions; however, the continent must facilitate a... 

A photo of Greg Fyfe
Greg Fyfe

Rio adjusts production expectations following tough quarter

By: Esmarie Iannucci     15th October 2021 Mining major Rio Tinto has seen production declines across its portfolio of commodities during the three months to September, and has adjusted some of its targets for 2021. “It has been another difficult quarter operationally and despite improving versus the prior quarter, we recognise the... 

Image shows one of Rio Tinto's iron-ore operations in the Pilbara

Kenmare reiterates guidance, benefits from strong demand

By: Tasneem Bulbulia     15th October 2021 Mineral sands producer Kenmare Resources MD Michael Carvill says the third quarter, ended September 30, represented the first quarter of ilmenite production at nameplate capacity of 1.2-million tonnes a year, which was an 87% increase on the production achieved in the previous year’s... 

DRDGold environmentalist awarded for contributions towards cleaner air

By: Donna Slater     15th October 2021 DRDGold environmental manager Louis Kleynhans has received a Golden Award for Lifetime Contributions to the Cause for Clean Air from the Council of the National Association for Clean Air (Naca).   As a qualified horticulturalist, he has worked for DRDGold for 37 years, 27 of these in his present... 

Glencore Coal launches supplier development platform to empower local communities

By: Donna Slater     15th October 2021 Glencore Coal has launched its Enterprise Supplier Development (ESD) portal as a key tool to support small, medium-sized and microenterprises (SMMEs) in the communities in which it operates in an effort to alleviate some of the socioeconomic challenges faced by the communities. The Glencore ESD... 

An image of Glencore's business development centre

Vedanta partners with Pink Drive on cancer screening for near-mine communities

By: Donna Slater     15th October 2021 Zinc producer Vedanta Zinc International, supported by the Pink Drive outreach programme, hosted its sixth yearly five-day cancer screening drive across the Namakwa district in the Northern Cape recently. The Pink Drive mobile clinics are known for providing free breast health assessments across... 

Vedanta partners with Pink Drive on cancer screening for near-mine communities

Sandfire unveils growth ambitions

By: Esmarie Iannucci     15th October 2021 Copper miner Sandfire Resources on Friday said that it was hoping to achieve a 500 000 t/y production target. Speaking at the Resources Rising Stars conference, in Perth, Sandfire MD Karl Simich said that the company was hoping to achieve the 150 000 t/y of copper equivalent output within the... 

Sanbrado production keeps rising

By: Esmarie Iannucci     15th October 2021 Gold miner West African Resources has reported a 29% increase in gold production for the three months to September, as ramp-up continued at its Sanbrado operation, in Burkina Faso. “The Sanbrado mine completed another record quarter with increased ounces and reduced costs, producing 82 000 oz of... 

Ministry organises inaugural Angola International Diamond Conference

By: Tasneem Bulbulia     15th October 2021 The Angola Ministry of Mineral Resources, Petroleum and Gas (MIREMPET) says the inaugural Angola International Diamond Conference (AIDC) will be held from November 25 to 27, in Saurimo, the capital of the Lunda Sul province. The AIDC will include the participation of Mining Ministers from the... 

Minerals exploration, Sibanye-Stillwater, structural issues make headlines   

15th October 2021 Mining Weekly Editor Martin Creamer unpacks the need for South Africa to ramp up critical minerals exploration as the world decarbonises; Sibanye-Stillwater's underground pumped energy storage prefeasibility study; and concern that the country’s mining boom is papering over structural issues.   

Minerals exploration, Sibanye-Stillwater, structural issues make headlines

Tribunal approves Sandvik SRP’s acquisition of Kwatani Global

By: Tasneem Bulbulia     15th October 2021 The Competition Tribunal has approved the large merger whereby K2021544474 (South Africa), to be renamed Sandvik SRP, intends to acquire Kwatani Global. The tribunal has approved the transaction with conditions relating to broad-based black economic empowerment shareholding. 

Energy crisis pushes copper towards best week since 2016

By: Reuters     15th October 2021 Copper on Friday was heading for its biggest weekly gain since 2016 as surging power prices threaten to curb supply at a time when exchange stockpiles are at rock bottom. A rapid rise in the cost of energy and shortages of power in China have already forced zinc and aluminium smelters to cut... 

An image of molten copper

Miners’ rough diamond stocks ‘at minimal levels’ – Alrosa

By: Creamer Media Reporter      15th October 2021 Russian diamond miner Alrosa sold 9.2-million carats in the three months ended September, a 20% quarter-on-quarter decrease, owing to the lack of rough diamond inventories available for sale and the high base effect of the second quarter. The company, which produced 8.8-million carats in the... 

An image of rough diamonds

Asia’s coal mining revival doesn’t mean the energy crisis is over

By: Bloomberg     15th October 2021 A crunch on coal production from key hubs in China and India is beginning to ease, but that won’t be enough to halt Asia’s energy crisis. Major industries in the region, including steelmakers to chemical producers, are expected to continue to face power disruptions through the winter, as fuel... 

Asia’s coal mining revival doesn’t mean the energy crisis is over

Hochschild exercises option to earn into Canadian gold project

By: Creamer Media Reporter      15th October 2021 London-listed Hochschild Mining has excised its option to start earning in to a 60% interest in the Snip gold project, in the Golden Triangle of British Columbia, Canada. Held by Skeena Resources, Snip consists of one mining lease and eight mineral claims totalling 4 546 ha in the Tahltan... 

i-80 Gold completes transaction with Nevada Gold Mines

By: Creamer Media Reporter      15th October 2021 Nevada-focused i-80 Gold is ready to embark on an “aggressive” growth path, executive VP business and corporate development Matthew Gollat said on Thursday, as the miner announced the completion of asset exchange transactions with Nevada Gold Mines (NGM). The company acquired from NGM, by way of... 

American Lithium upsizes private placement

By: Creamer Media Reporter      15th October 2021 TSX-V-listed American Lithium has increased the size of its private placement to $35-million to accommodate investor demand. The company will now offer 13 208 000 units at $2.65 each. American Lithium previously planned to offer 7 548 000 units for gross proceeds of $20-million. 

Oyu Tolgoi funding estimate raised by $1.2bn

By: Reuters     15th October 2021 Canadian miner Turquoise Hill Resources said on Thursday the estimated additional funding required for the Oyu Tolgoi mine in Mongolia was now $1.2-billion higher than previously expected due to some delays. Oyu Tolgoi, one of the world's largest copper/gold/silver mines, was at the center of a... 

An image of an underground worker

Mexico eyes 'strategic minerals,' copper limits in mining reform

By: Reuters     15th October 2021 A proposed mining overhaul from Mexico's president that seeks greater government control over the sector has swung the ruling party back to its nationalist leanings and alarmed industry leaders. At the heart of the proposal is the country's nascent lithium industry. It could also include copper,... 

BHP and POSCO look at green steel

By: Esmarie Iannucci     15th October 2021 Major BHP has signed a memorandum of understanding (MoU) with Korean steel giant POSCO to jointly explore greenhouse gas emissions reduction technologies in integrated steelmaking. As part of the MoU, the parties intend to undertake pilot and plant trials to lower carbon in the steelmaking... 

BCI secures a$740m debt funding for Mardie

By: Esmarie Iannucci     15th October 2021 ASX-listed BCI Minerals on Friday announced that it had secured A$740-million in debt funding for the development of its Mardie salt and potash project, in Western Australia. The project would require a capital spend of some A$1.2-billion to support a production of 5.35-million tonne a year of... 

Fire reported at Flinders' mine

By: Esmarie Iannucci     15th October 2021 Junior Flinders Mines has reported a fire at its Pilbara iron-ore project. The company on Friday said it had been informed by project manager BBI Group of a fire on the tenements, but noted that there had been no damage to equipment or facilities, and that now injuries had been reported on site,... 

‘Unleash American shale’ to end energy crisis

By: Bloomberg     15th October 2021 The largest US natural gas driller is using the global energy crisis to renew his call for more investment in domestic infrastructure such as pipelines, which he says will enable increased exports and ease shortages. US gas drillers could increase supplies by about 20% if not for pipeline and... 

US Senator Manchin promises to block mining royalty plan

By: Reuters     15th October 2021 US Senator Joe Manchin has promised to block a proposed royalty for minerals extracted on federal land from advancing in the US Senate's version of the hotly debated reconciliation package, a senate staffer said on Thursday. Manchin, a West Virginia Democrat and chair of the Senator's Energy and... 

An image of ioneer's Rhyolite Ridge project area
ioneer's Rhyolite Ridge project area

Magazine round up | 15 October 2021 

15th October 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 15 October 2021

Eskom aiming to secure concessional funding for R400bn just energy transition project pipeline 

By: Terence Creamer     14th October 2021 State-owned electricity producer Eskom has identified a pipeline of ‘just energy transition’ projects valued at about R400-billion that it will seek to fund using concessional finance raised from international financiers that have committed to supporting decarbonisation initiatives in developing... 

Photo of Eskom's rock-man statue at Megawatt Park

Sibanye says on track to meet responsible gold principles by September 2022

By: Marleny Arnoldi     14th October 2021 NYSE- and JSE-listed Sibanye-Stillwater says it is making progress with implementing the World Gold Council’s Responsible Gold Mining Principles (RGMPs). The company’s efforts to this end include developing policies, systems, processes and controls to ensure conformance with the principles.  

Mining industry weathered pandemic impact well, says Minerals Council

By: Tasneem Bulbulia     14th October 2021 Notwithstanding the impact of the Covid-19 pandemic in 2020, including the lockdown on the industry and the economy from March 2020, the mining industry contributed R371.9-billion to gross domestic product in 2020, compared with R376.4-billion in 2019. This is according to industry organisation... 

Namdeb to extend land-based operations' mine life to 2042

By: Creamer Media Reporter      14th October 2021 Namdeb Diamond Corporation, a 50:50 joint venture between De Beers Group and the government of Namibia, have approved a new long-term business plan that will extend the current life-of-mine of its land-based operations as far as 2042. Under the previous business plan, the land-based Namdeb... 

A photo of materials handling equipment at Namdeb's land-based operations

Drilling confirms straightforward nature of planned Waterberg mine declines

By: Marleny Arnoldi     14th October 2021 TSX- and NYSE-listed Platinum Group Metals (PTM) has completed a geotechnical drilling campaign at the Waterberg joint venture (JV) project, in South Africa’s Bushveld Complex. The campaign started in July and consisted of 46 boreholes drilled along a centre line of two sets of twin declines... 

Market recognising higher likelihood of platinum deficit than surplus in years ahead – WPIC  

By: Martin Creamer     14th October 2021 Right now, the market is recognising the higher likelihood of platinum being in deficit rather than in surplus in the mid-term years ahead, said World Platinum Investment Council research director Trevor Raymond on Thursday. Raymond expects pent-up up consumer demand for vehicles to reduce any... 

The market is recognising the higher likelihood of platinum being in deficit rather than in surplus in the mid-term years ahead, said World Platinum Investment Council research director Trevor Raymond on Thursday.

Barrick’s North American production trending at lower end of guidance

By: Mariaan Webb     14th October 2021 Miner Barrick Gold said on Thursday that it remained on track to achieve its 4.4-million to 4.7-million-ounce production target for the year, with all regions, except for North America, trending at the higher end of their regional guidance. North America’s gold output, however, was trending at... 

Barrick's Hemlo mine, in Canada.
Barrick's Hemlo mine, in Canada.

Glencore looks to recycle electronic metal waste in UK

By: Reuters     14th October 2021 Miner and trader Glencore will find out this month whether it will be able to build an electronics recycling facility in the UK, which could be operational within 18 months, adding new capacity to the 75-year old business. Reusing scrap metal will be vital for cutting noxious emissions and the... 

Ariana says EIA approved for Turkey mine

By: Creamer Media Reporter      14th October 2021 The environmental impact assessment (EIA) for the Tavsan mine, in western Turkey, has been approved, Aim-listed Ariana Resources reported on Thursday. Tavsan, which will be a 300 000 oz/y gold and silver mine, is part of Zenit Madencilik San and is 32.5% owned by Ariana. Ariana MD Kerim Sener... 

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Market recognising higher likelihood of platinum deficit than surplus in years ahead – WPIC

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Pan African well positioned as solid-margin extended-life gold producer

Mining boom papering over serious structural issues – Nedbank's Mpofu

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