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Smelterless low-energy platinum processing concept advances further in Australia

By: Martin Creamer Updated 2 hours 10 minutes ago A processing pathway away from high-energy pyrometallurgical smelting to low-energy hydrometallurgical platinum group metal (PGM) recoveries has been further advanced by Australian PGMs pioneer Podium Minerals. Podium is reporting a breakthrough in platinum recoveries through a smelterless... →

Podium Minerals CEO Sam Rodda interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Meeting global EV targets will be ‘extremely challenging’ owing to raw material shortages

By: Darren Parker Updated 1 hour 59 minutes ago Chemicals company BASF global precious metal services senior VP Timothy Ingle told delegates attending the Platinum Group Metals Day, in Johannesburg, earlier this week, that it would be extremely challenging from a raw material perspective to meet the expected global uptake of ten-million... →

South Africa pushes to delay coal plant closures

By: Bloomberg Updated 2 hours 5 minutes ago South Africa has told rich countries backing its $8.5-billion energy transition deal that it wants to delay the closure of some units at its coal-fired power plants, people familiar with the situation said. Years of mismanagement and corruption have decimated South Africa’s coal-dependent power... →

A coal-fired power station in South Africa

Rainbow marks strong progress in South Africa

By: Tasneem Bulbulia Updated 6 hours ago Rare earths company Rainbow Rare Earths made considerable progress at its Phalaborwa project, in South Africa, in the six months ended December 31, 2022, with the successful publication of a preliminary economic assessment (PEA) underscoring the project’s “enormous” potential, CEO George Bennett... →

Goldplat mulls diversification into coal, posts lower interim profit

By: Marleny Arnoldi Updated 6 hours ago Aim-listed gold recovery company Goldplat has reported a lower operating profit of £2.8-million for the six months ended December 31, 2022, owing to the impact of loadshedding on production in the second quarter and a decrease in the valuation of a net smelter royalty (NSR) related to its now... →

Gemfields posts record full-year revenue, higher Ebitda

By: Marleny Arnoldi Updated 5 hours ago Dual-listed Gemfields generated record revenue of $341-million for the year ended December 31, which marks a 32% year-on-year increase. The company also posted a 25% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to $166-million for the year. →

Emeralds

Shanta achieves first gold pour at Singida mine in Tanzania

By: Tasneem Bulbulia Updated 6 hours ago Aim-listed Shanta Gold has announced the first gold pour, of 35 oz, at the Singida gold mine in central Tanzania on March 30, on schedule and within budget. There are about 500 oz of gold currently in the carbon-in-leach and gravity circuit. →

Danakali completes Colluli sale

By: Esmarie Iannucci 31st March 2023 ASX-listed Danakali has completed the sale of its 50% shareholding in the Colluli sulphate of potash (SOP) project, in Eritrea, to Sichuan Road and Bridge Group. The company in January struck the $166-million deal under which Sichuan Road and Bridge Group would acquire all of Danakali’s shares... →

Kore continues Kola EPC, financing discussions

By: Tasneem Bulbulia Updated 7 hours ago Aim-listed Kore Potash, with 97%-ownership of the Kola and DX potash projects in the Sintoukola Basin, in Congo-Brazzaville, says discussions are continuing towards finalising terms for the engineering, procurement and construction (EPC) contract at Kola. On June 28, 2022, Kore announced the... →

Critical Metals progresses Molulu project, readmitted to LSE

By: Tasneem Bulbulia Updated 2 hours 57 minutes ago Investment company Critical Metals had a “pivotal” six-month period ended December 31, 2022, with shareholder support enabling it to raise the £1.8-million needed to fund its then 57% stake in the Molulu project in the Democratic Republic of Congo (DRC) and ensure its readmission to the main... →

Fourteen miners dead in Sudan, dozens injured in mine collapse - official

By: Reuters Updated 2 hours 9 minutes ago Fourteen miners have died and more than 20 have been injured in a mine collapse in Sudan's Northern state, a senior official in State-owned Sudanese Mineral Resources Company told Reuters on Friday. Part of a mountainside collapsed near al Jabal al Ahmar mine, located 70 km from Wadi Halfa city,... →

PGMs, critical metals, hydrogen make headlines

31st March 2023 Mining Weekly Editor Martin Creamer says if marketed in a collaborative fashion, PGMs have the potential to create a million jobs in the country and add R8-trillion to the economy. He discusses twelve South African universities researching critical metals to combat climate change, as well as... →

PGMs, critical metals, hydrogen make headlines

Fed slowdown bets steer gold toward second quarterly rise

By: Reuters Updated 4 hours ago Gold prices held steady on Friday, but the safe-haven metal was bound for its second straight quarterly gain after recent banking turmoil raised hopes of a less-aggressive US Federal Reserve and shored up interest in bullion. Spot gold was flat at $1 980.70 an ounce at 11:08 GMT. US gold futures... →

Chinese lithium producers set price floor as demand evaporates - sources

By: Reuters Updated 4 hours ago China's top lithium producers agreed this week to set a floor price of 250 000 yuan ($36 380) per tonne of lithium carbonate, six people familiar with the matter said, in an effort to slow a plunge in the price of the battery raw material. The price was agreed on Tuesday by around 10 companies... →

700 000 oz/y Porgera mine to reopen 'as soon as possible'

By: Mariaan Webb Updated 7 hours ago The 700 000 oz/y Porgera gold mine that has been shut since 2020, is inching closer to reopening, with Barrick Gold, the government of Papua New Guinea and New Porgera on Friday signing a new agreement that commits all parties to reopen the mine at the earliest opportunity. Following the signing... →

Mark Bristow at the signing of the New Porgera Progress Agreement.

RareX shuffles management

By: Esmarie Iannucci 31st March 2023 Junior RareX has announced a number of management and board changes to drive the development of its Cummins Range rare earths and phosphate project, in Western Australia. The company on Friday announced that COO James Durrant would be appointed as CEO, effective from April 3, leveraging his... →

BMW bets on design and recycling, not mining, to lower battery costs - finance chief

By: Reuters 31st March 2023 BMW is betting on efficient design and recycling to bring down battery costs and is steering clear of investing in mines, its finance chief said on Friday, setting it apart from some competitors digging deep into the supply chain. "We don't think it is right to invest in mines. We view it as... →

Peru copper mines aim for output boost in 2023 after protest impact fades

By: Reuters 31st March 2023 Peru's copper miners hope to increase output in 2023 after recovering from the impact of major protests at the start of the year, industry executives said, despite simmering anti-government anger in the world's no. 2 producer of the red metal. The South American country saw a number of key mines... →

Bowen starts third opencut operation

By: Esmarie Iannucci 31st March 2023 Coal miner Bowen Coking Coal has started production at its third opencut mine in Queensland, announcing on Friday that boxcut mine development had started at the greenfield Ellensfield South pit, which forms part of the rencently acquired Burton Complex. The first run-of-mine (ROM) production... →

Rox and Venus strike Youanmi deal

By: Esmarie Iannucci 31st March 2023 Juniors Rox Resources and Venus Metals have struck a deal that would consolidate the ownership of the Youanmi gold project, in Western Australia. Under an agreement announced on Friday, Rox would acquire Venus’ gold interests in each of its Youanmi joint ventures (JVs), which includes 30% of OYG... →

Northern Star issues $600m notes in the US

By: Esmarie Iannucci 31st March 2023 Gold miner Northern Star Resources has priced $600-million of senior guaranteed notes in the US, due in April 2033. The company said on Friday that it would use the proceeds from the notes for general working capital, which could include the expansion of the Kalgoorlie Consolidated Gold Mines... →

Commercial production starts at NAL

By: Esmarie Iannucci 31st March 2023 Joint venture partners Sayona Mining and Piedmont Lithium have announced the restart of commercial spodumene concentrate production at the North American Lithium (NAL) project, in Quebec. NAL produced its first spodumene concentrate at the start of March this year, with first shipments expected... →

Qld backs critical minerals hunt

By: Esmarie Iannucci 31st March 2023 Critical Mineral exploration has been the biggest winner in the latest round of funding under the Queensland government’s A$5-million exploration grants programme. In the latest Collaborative Exploration Initiative round, 25 projects across the state have been provided with up to A$250 000 each... →

Safeguard Mechanism passes through Parliament

By: Esmarie Iannucci 31st March 2023 Reforms to the Safeguard Mechanism has passed through the Australian Parliament. The Safeguard Mechanism requires facilities that produce over 100 000 t/y of greenhouse gases annually, amounting to around 215 facilities, to keep their net emissions below a baseline. →

Rio and First Quantum strike copper deal

By: Esmarie Iannucci 31st March 2023 Diversified major Rio Tinto has struck a joint venture (JV) agreement with First Quantum Minerals to partner on the development of the La Granja copper project in Peru. Under the proposed transaction, First Quantum will acquire a 55% stake in the project for $105-million, and commit to further... →

Magazine round up | 31 March 2023

31st March 2023 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. →

Magazine round up | 31 March 2023

Former South African Treasury boss Mogajane helms billion-dollar lithium plan

By: Bloomberg 30th March 2023 The former head of South Africa’s National Treasury has been tasked with cleaning up a scandal-dogged company that’s contemplating partnering a Chinese battery maker in a $1-billion lithium operation. Dondo Mogajane aims to restructure and improve compliance at Johannesburg’s Moti Group. Founder... →

Copper 360 to deploy cluster mining model in the Northern Cape

By: Tasneem Bulbulia 30th March 2023 Emerging copper company Copper 360 will deploy a cluster mining model at its Northern Cape operation, updating predecessor Okiep Copper Company’s high-yielding model. Copper 360 holds more than 19 000 ha with 12 orebodies, including Rietberg, Jubilee, Homeep, Klondike, Wheal Julia North, Whyte's... →

Mantashe highlights exploration efforts

By: Tasneem Bulbulia 30th March 2023 The Department of Mineral Resources and Energy is engaged in an intensive programme of mineral exploration, particularly in the North West, Limpopo and the Northern Cape provinces, Mineral Resources and Energy Minister Gwede Mantashe said, speaking at the North West Mining and Energy and... →

Mercedes-Benz is 'able and willing' to invest capital in mining - CEO

By: Reuters 30th March 2023 Mercedes-Benz is willing to allocate capital to support or ramp up a mining business, CEO Ola Kaellenius said on Thursday at the carmaker's annual environmental, social and governance conference. "We have fundamentally made the decision that if a deep sourcing opportunity presents itself down to... →

Critical metals for low-carbon economy being studied across 12 universities

By: Martin Creamer 30th March 2023 A consortium across a dozen South African universities has the spotlight on critical metals for a low-carbon future. At a time when the mining world is focused firmly on the availability of critical metals to arrest global temperature increases, South Africa’s Centre of Excellence for Integrated... →

Cimera's Professor Judith Kinnaird interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

De Ruyter to meet with lawmakers about corruption allegations

By: Bloomberg 30th March 2023 Andre de Ruyter, the former CEO of State-owned power utility Eskom Holdings who said the organisation was riddled with corruption, has agreed to appear before the South African parliament’s Standing Committee on Public Accounts and also present a written submission. He will be asked about... →

Indonesian President pledges nickel mining clean up amid EV-led boom

By: Reuters 30th March 2023 Indonesia will improve monitoring of environmental standards for nickel mining, amid concerns over production of the metal which is increasingly used in electric vehicle batteries, the country's President Joko Widodo told Reuters on Thursday. The Southeast Asian country, which has the largest... →

Centamin’s 2030 decarbonisation roadmap focuses largely on Egypt project

By: Tasneem Bulbulia 30th March 2023 Gold miner Centamin has published an interim decarbonisation roadmap to 2030, which targets a 30% reduction in its operational Scope 1 and 2 greenhouse-gas (GHG) emissions, excluding several further abatement opportunities which remain under review. This is a group target recognising that, at... →

Mining industry contributing towards sustainable water supply in the Northern Cape

By: Tasneem Bulbulia 30th March 2023 Industry body the Minerals Council South Africa and its members in the Northern Cape have welcomed the completion of the first phase of a project to refurbish the Vaal Gamagara Water Supply Scheme (VGWSS) to ensure water is available to communities, mines, farms and other businesses in the... →

PTM completes infill drilling campaign as part of Waterberg mine plan update

By: Tasneem Bulbulia 30th March 2023 Dual-listed Platinum Group Metals (PTM) reports that an infill drill campaign under way since November 2022, at the Waterberg project, located on the Northern Limb of the Bushveld Complex in South Africa, has been completed. All 16 planned T Zone boreholes and 16 planned F Zone boreholes have... →

BHP and Rio chiefs talk green metals in post-Covid China visits

By: Bloomberg 30th March 2023 Green metals are becoming a major focus for the bosses of the world’s top miners after visits to their biggest customers in China. BHP Group’s Mike Henry and Rio Tinto Group’s Jakob Stausholm both led company delegations to China this week, two of the highest profile names among a flow of global... →

Glencore makes strategic investment in Palladium One

By: Creamer Media Reporter 30th March 2023 Canadian exploration and development company Palladium One on Thursday announced a C$4.25-million private placement financing with a subsidiary of commodities major Glencore. Pursuant to the placement, Palladium would issue 28.35-million shares at C$0.15 each. →

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