R/€ = 16.70 Change: -0.08
R/$ = 16.32 Change: -0.12
Au 1785.81 $/oz Change: -2.77
Pt 948.00 $/oz Change: -14.00

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Seriti says R892m Windlab deal is ‘significant landmark’ in transition from coal to energy business

By: Terence Creamer     Updated 1 hour 33 minutes ago Black-owned coal miner Seriti Resources says the R892-million acquisition of a majority stake in Windlab Africa’s wind and solar assets represents a significant landmark in the company’s ambition to become a diversified energy business, as well as in reducing its own carbon emissions. Through the... 

Seriti Resources CEO Mike Teke
Photo by Creamer Media
Seriti Resources CEO Mike Teke

Stillwater repositioned for delivery through commodity cycle 

By: Martin Creamer     12th August 2022 Prevailing macro-environment challenges and changing palladium market conditions have prompted a strategic revision of Sibanye-Stillwater’s United States platinum group metal (PGM) operations, which in June suffered a one-in-200-year flood at Stillwater, in the Montana region. These challenges... 

Sibanye-Stillwater US presentation covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd.

Golden Rim looking for new Kouri buyer

By: Esmarie Iannucci     Updated 1 hour 28 minutes ago Junior Golden Rim Resources will look for a new buyer for its Burkina Faso assets, after BAOR SARL was unable to secure financing. Golden Rim had previously struck an agreement with BAOR to divest of the Kouri gold project in a transaction worth A$22.3-million, with the consideration to be paid... 

Experts unpack why there are so few listed junior miners in South Africa 

By: Marleny Arnoldi     12th August 2022 Experts in the spheres of law, mining and financial services are divided on whether South Africa’s public market has become too institutionalised, which, if so, makes access to capital for junior miners and exploration companies all the more challenging. With South Africa’s punching way above... 

Magazine Image

Amplats concludes R3.5bn sale of Bokoni to ARM

By: Marleny Arnoldi     12th August 2022 JSE-listed Anglo American Platinum (Amplats) and Canada-based joint venture (JV) partner and platinum miner Atlatsa Resources Corporation have completed all conditions precedent for the sale of their 49% and 51% interests, respectively, in Bokoni Platinum Mines. Bokoni is being sold to a... 

SAIMM honours Cutifani with Brigadier Stokes Memorial Award

By: Marleny Arnoldi     12th August 2022 Mining organisation the Southern African Institute of Mining and Metallurgy has honoured former Anglo American CE Mark Cutifani with the Brigadier Stokes Memorial Award for transforming one of the world’s biggest mining companies. The award is considered the highest honour to be bestowed by the... 

Former Anglo American CE Mark Cutifani
Photo by Creamer Media's Donna Slater
Former Anglo American CE Mark Cutifani

Lithium value to remain high amid accelerated demand, tight supply – Fitch Solutions 

By: Donna Slater     12th August 2022 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says lithium prices will remain “extremely” elevated this year and next, as accelerating demand for lithium-ion batteries and a tight upstream supply keep market supply... 

A photo of a parking space for EVs
Photo by Bloomberg
EVs will continue to be a big driver of demand for lithium

South Africa needs special unit to crack down on illegal mining, Mantashe urges

By: News24Wire      12th August 2022 Mineral Resources and Energy Minister Gwede Mantashe says the country needs a dedicated team to clamp down on illegal mining in South Africa, adding that it will take several years for the government to seal open mine shafts. Mantashe and Police Minister Bheki Cele were briefing the National... 

Special Investigating Unit raids Alexander Bay Diamonds

By: Darren Parker     12th August 2022 The Johannesburg Magistrate Court on August 10 granted the Special Investigating Unit (SIU) a warrant to conduct a search and seizure at the premises of diamond company Alexander Bay Diamonds – previously known as Scarlet Sky Investments – and related companies. SIU investigators, with the... 

FLSmidth’s acquisition of TK Mining to conclude end of August

By: Darren Parker     12th August 2022 The final closing of mining engineering, equipment and services company FLSmidth’s acquisition of multinational engineering company ThyssenKrupp’s mining business TK Mining will take place on August 31, now that all conditions and requirements for the transaction have been met. FLSmidth confirmed... 

Iron-ore dips on persistent China demand worries

By: Reuters     12th August 2022 Dalian and Singapore iron-ore futures fell on Friday, reversing gains in the previous session, as traders weighed demand prospects in top steel producer China that has been plagued with a debt crisis in its real estate industry. The most-traded iron ore, for delivery in January next year, on... 

Renewables gains momentum in mining   

12th August 2022 Mining Weekly Editor Martin Creamer unpacks the news of Royal Bafokeng Platinum’s R1.6-billion 98 MW solar power plant; Barrick's renewable energy benefits; and the growing renewables momentum.   

Renewables gains momentum in mining

Judge reinstates Obama-era ban on coal leasing on public lands

By: Bloomberg     Updated 17 minutes ago Coal leasing is temporarily banned once again on public lands after a federal judge on Friday reinstated an Obama-era moratorium. The ruling reinstates a 2016 order by then-Interior Secretary Sally Jewell banning coal leasing on federal lands pending further environmental review because of... 

Judge reinstates Obama-era ban on coal leasing on public lands

Codelco turns to AI to squeeze out more copper from ageing mines

By: Bloomberg     Updated 36 minutes ago Codelco is using artificial intelligence to squeeze out more copper from its aging Chilean mines as suppliers of the metal look to boost efficiencies amid a dearth of new deposits and growing demand. Battling falling grades, rising costs and growing environmental scrutiny, Codelco introduced a... 

EPA publicly issues Florence draft permit

By: Mariaan Webb     Updated 42 minutes ago The US Environmental Protection Agency (EPA) has publicly issued a draft underground injection control (UIC) permit for the Florence copper project, in Arizona, kicking off a 45-day public comment period. The comment period would end on September 29, with a virtual public hearing to be held on... 

EPA publicly issues Florence draft permit

Company exploiting post-pandemic freedom with automation solutions

By: Simone Liedtke     Updated 1 hour 10 minutes ago With the Covid-19 pandemic mostly a thing of the past, process automation solutions provider Ana-Digi Systems is using the new level of freedom to alleviate some of the problems caused by the worldwide shortage of electronic components by offering its various automation equipment products and... 

LS XGi PLC offering high speed processing power
LS XGi PLC offering high speed processing power

Talon and Strike take decision on new WA gas project

By: Esmarie Iannucci     Updated 1 hour 27 minutes ago ASX-listed Strike Energy and Talon Energy have taken an investment decision on the A$14.4-million Walyering gas project, in the Perth Basin. The development will consist of the completion of the Walyering 5 and 6 wells, with production processed on-site through a facility designed to process 33... 

Turquoise Hill says Rio Tinto offer too low, fails to reflect Oyu Tolgoi value

By: Mariaan Webb     Updated 1 hour 34 minutes ago Canada-based Turquoise Hill has rejected diversified miner Rio Tinto’s C$34-a-share cash bid for the company, concluding that the offer does not “fully and fairly” reflect the value of its majority interest in the Oyu Tolgoi project, in Mongolia. A special committee of independent directors of... 

Turquoise Hill says Rio Tinto offer too low, fails to reflect Oyu Tolgoi value

Comprehensive range of engineering solutions provided to various industries globally

By: Simone Liedtke     Updated 1 hour 42 minutes ago Established in 1978, UV+IR Engineering continues to adapt its products to customers’ special requirements offering numerous design, manufacture, install and commission options for various engineering solutions. UV+IR Engineering’s host of turnkey solutions includes its mineral driers range, which... 

Comprehensive range of engineering solutions provided to various industries globally

Plans unveiled for a hydrogen hub in the NT

By: Esmarie Iannucci     Updated 3 hours ago The Northern Territory government has inked a memorandum of understanding (MoU) with international renewable energy company Total Eren to develop a new green hydrogen project in Darwin. The MoU frames how government and Total Eren will work together to progress the Darwin H2 Hub, which has the... 

MinRes hopes for first shipments from Onslow by 2023 end

By: Esmarie Iannucci     Updated 3 hours ago ASX-listed Mineral Resources (MinRes) has started early works at its Onslow iron-ore project, in Western Australia, in the hopes of shipping first ore by December 2023. The Onslow mine forms part of the Ashburton hub development, which is expected to cost between A$2.4-billion and A$2.55-billion... 

Allegiance secures $40m in funding for US mine

By: Esmarie Iannucci     Updated 3 hours ago Coal miner Allegiance Coal has secured a $40-million loan and an up to 40 000 t/m offtake agreement with New York-based financier Marco. The offtake agreement will run for a period of 12 months, starting in October, and Marco will have the right to extend the contract for another year, and at... 

Beach sees revenue rise in 2022

By: Esmarie Iannucci     Updated 4 hours ago ASX-listed Beach Energy has reported a 13% increase in revenues for the year ending June, reaching A$1.8-billion. The company reported that earnings before interest, tax, deprecation and amortisation (Ebitda) was up 17% on the previous financial year, to A$1.1-billion, while underlying net... 

Peninsula DFS proves up in Wyoming

By: Esmarie Iannucci     Updated 4 hours ago A definitive feasibility study (DFS) into the Ross and Kendrick production areas, at the Lance uranium project, in Wyoming, has proven positive for ASX-listed Peninsula Energy. The DFS estimated that the two production areas could produce a combined two-million pounds of uranium a year at... 

West Musgrave makes final hurdle

By: Esmarie Iannucci     Updated 4 hours ago The Western Australian government has granted copper miner Oz Minerals the third and final regulatory approval for its West Musgrave project. The ASX-listed Oz Minerals told shareholders that discussions were well advanced with the Ngaanyatjarra Council on finalising the mining agreement with... 

Image shows broken core samples

UK coal mine dilemma pits energy crisis against green goals

By: Bloomberg     14th August 2022 In the far northwest corner of England, coal mining was so finished that the local museum paying tribute to the industry shut a few years ago after running into financial trouble. Yet at the dormant Haig Pit in Whitehaven, there are signs that an activity long considered dead wants to come back... 

An image of the mine shaft tower at the disused Haig Pit on the proposed site of a new coal mine, in Whitehaven, UK
The mine shaft tower at the disused Haig Pit on the proposed site of a new coal mine, in Whitehaven, UK.

Indian companies swapping dollar for Asian currencies to buy Russian coal

By: Reuters     12th August 2022  Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the US dollar and cutting the risk of breaching Western sanctions against Moscow. Reuters previously reported on a large Indian coal deal... 

Indonesia lawmakers call for tougher rules to avert another coal crisis

By: Reuters     12th August 2022 Indonesian legislators on Tuesday pressed the government to tighten rules on domestic coal sales, amid concern that miners will choose to pay fines instead of meeting a requirement to sell a quarter of their output to local power generators. The parliamentary energy committee met during recess... 

Indonesia revokes thousands of mining permits

By: Reuters     12th August 2022 Indonesia's investment minister said more than 2 000 mining permits for various minerals have been revoked amid efforts to tighten the sector's governance and plan for land redistribution. The ministry has revoked 2 065 permits covering more than 3.1-million hectares (7.6-million acres) of land... 

A $700bn fund is under pressure over plans to curb coal

By: Bloomberg     12th August 2022 South Korea’s National Pension Service, the world’s third-largest retirement fund, faces criticism over potentially weaker-than-expected plans to curb investments in coal. The fund, which manages assets worth about $700-billion, is reviewing options including a proposal that would limit holdings... 

Production costs soar at Rusal due to Russia-Ukraine conflict

By: Reuters     12th August 2022 Russian aluminium giant Rusal reported a 33% jump in first-half production costs on Friday, hit by a production halt at a refinery in Ukraine and Australia's ban on exports of alumina and bauxite to Russia. The world's largest aluminium producer outside China has been suffering these problems... 

Argonaut Gold income falls, costs rise

By: Mariaan Webb     12th August 2022 Canadian miner Argonaut Gold has reported a 68% year-on-year drop in second-quarter adjusted income, with adjusted earnings a share down 73% to $0.02 each. The miner’s production fell to 59 192 gold-equivalent ounces (GEOs), from 63 750 GEOs, while cash costs rose to $1 474/oz, from $876/oz and... 

Greenpeace targets Woodside supplies in Germany - report

By: Esmarie Iannucci     12th August 2022 Environmental group Greenpeace on Friday claimed that environmental activists in Germany had blocked a ship carrying pipelines slated for use in ASX-listed Woodside’s Scarborough offshore gas project. Greenpeace Australia Pacific head of clean transitions, Jess Panegyres, said that around 20... 

Image shows activists on boats next to a cargo vessel

Dasa operating company formed, board and management appointed

By: Creamer Media Reporter      12th August 2022 Toronto-listed Global Atomic has announced the incorporation of Société Minière DASA or Somida, the company's Niger mining subsidiary under which the Dasa uranium project will operate. Moussa Souley, the former MD of Orano's Cominak mine, has been appointed MD of  Somida and mining engineer... 

Inflation and supply chain issues affecting Electra's refinery project

By: Mariaan Webb     12th August 2022 The commissioning of Canadian battery metals company Electra’s refinery project has been pushed out to the spring of 2023, following quality control issues experienced by a major supplier. The cost of the project, located north of Toronto, has also risen from the previous estimate of $67-million... 

The Electra refinery project
The Electra refinery project

Miners face supply chain overhaul to meet US EV credit deadline

By: Reuters     12th August 2022 Miners will struggle to expand operations in the United States in record time to meet a deadline for sourcing key minerals domestically or from select countries as set out by a bill likely to be passed on Friday, companies and industry watchers said. The requirement is part of a sweeping bill... 

Miners face supply chain overhaul to meet US EV credit deadline

Brazil's Petrobras puts potash mining rights up for sale

By: Reuters     12th August 2022 Brazil's Petrobras said on Thursday it has begun the process of looking for bidders for its potassium mining rights in the Amazon basin. The asset is composed of eight mining concessions, four mining requests already granted and 22 requests for research which are still pending authorization. 

Podium completes entitlement offer

By: Esmarie Iannucci     12th August 2022 ASX-listed Podium Minerals has raised A3.9-million from a targeted A$4.6-million in non-renounceable entitlement offer, offering one new share for every 15 shares held. The company in July launched a A$6.6-million capital raise, which consisted of a A$2-million share placement and the... 

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Stillwater repositioned for delivery through commodity cycle

On-The-Air (12/08/2022)

Renewables gains momentum in mining

Magazine round up | 12 August 2022

Environmental, social and governance elevating to safety-equalling status, mining webinar hears

Resources Watch

Royal Bafokeng looking to R1.6bn off-balance-sheet spend on 98 MW solar plant

Barrick’s Mali trebling solar as renewables stave off high energy prices at Kibali


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