https://www.miningweekly.com
R/€ = 19.09 Change: 0.10
R/$ = 16.86 Change: 0.08
Au 1807.42 $/oz Change: 10.99
Pt 848.23 $/oz Change: 7.06
 
Close

Email me free daily news

Email address

South Africa’s July Ndlovu to chair World Coal Association

By: Martin Creamer     Updated 4 hours ago South Africa’s July Ndlovu has been appointed  the chairperson of the World Coal Association (WCA), Mining Weekly can today report. Ndlovu, who heads Anglo American’s coal business in South Africa, takes up the position at a time when, in his words, “the role of responsible coal is front and... 

South Africa’s July Ndlovu to chair World Coal Association
Photo by World Coal Association
July Ndlovu and Michelle Manook.

Maintenance costs cut at Kayelekera

By: Esmarie Iannucci     Updated 4 hours ago ASX-listed Lotus Resources has reduced the care-and-maintenance cost at its recently acquired Kayelekera uranium project, in Malawi, by some 75%, as the company advances certain restart activities. Lotus on Thursday told shareholders that care and maintenance costs for the mine have been reduced... 

First 1 100 foreign mineworkers scheduled to cross back into South Africa 

By: Martin Creamer     8th July 2020 The first batch of 1 100 foreign mineworkers was scheduled to cross back into South Africa on Tuesday, Mining Weekly can report. This is part of a total of 12 500 gold and platinum workers returning from Mozambique, Lesotho and Eswatini, formerly Swaziland. 

First 1 100 foreign mineworkers scheduled to cross back into South Africa
Mineworkers being transported in response to Covid-19.

Alphamin exceeds second-quarter production guidance 

By: Simone Liedtke     8th July 2020 JSE-listed tin concentrate producer Alphamin Resources’ tin production for the second quarter, ended June 30, increased by 29% quarter-on-quarter to 2 739 t. This exceeded the production guidance for the period. 

Rio Tinto closes NZ aluminium smelters

By: Esmarie Iannucci     Updated 6 hours ago Major Rio Tinto on Thursday announced that it would wind down operations and eventually close the New Zealand aluminium smelters (NZAS), following the conclusion of a strategic review. The company in October last year announced a review into the future of the smelter, to determine the... 

Rio Tinto closes NZ aluminium smelters

In copper country, they’re using the metal to fight the virus

By: Bloomberg     Updated 4 hours ago As Chile’s giant copper mines battle to keep workers healthy in the Covid-19 pandemic, a laboratory in the country is touting the use of tiny specks of the metal to contain the spread among the general population. Santiago-based Aintech says its products are the first to make use of copper... 

Gold’s rally to $1 800 sees ETF inflows exceed full-year record 

By: Bloomberg     8th July 2020 Gold’s allure is only getting stronger as 2020 unfolds. Spot prices reached $1 800/OZ and year-to-date inflows into bullion-backed exchange-traded funds have topped the record full-year total set in 2009. Investors have favored havens this year as the coronavirus pandemic rips through economies,... 

World Diamond Council applauds launch of training programme

By: Donna Slater     8th July 2020 World Diamond Council (WDC) president Edward Asscher has expressed the WDC’s strong support for an agreement announced on July 8, for collaboration in the development and delivery of a training programme that promotes safe and responsible operating standards. The standards apply to the artisanal... 

Germany to become major source of platinum demand for fuel cell EVs, says WPIC

By: Marleny Arnoldi     8th July 2020 As much of Europe prepares for a rapid green energy transition as part of the region's Covid-19 recovery strategy, Germany, in particular, could be the gamechanger that makes widespread adoption of fuel cell electric vehicles (FCEVs) in Europe a reality, says the World Platinum Investment Council... 

Glencore copper mine in Congo says six workers have coronavirus

By: Reuters     8th July 2020 Six workers at Glencore's Kamoto Copper Company (KCC) mine in Democratic Republic of Congo's Lualaba province have tested positive for the coronavirus, KCC said on Tuesday. The copper and cobalt miner said none of the workers screened and tested presented symptoms of Covid-19, adding they are... 

GoviEx to appeal termination of Chirundu mining licence

By: Tasneem Bulbulia     8th July 2020 Dual-listed GoviEx Uranium has received a letter from the Mining Cadastre Department of Zambia notifying the company that it had terminated the Chirundu mining licence.  Under the Zambian Mines and Minerals Development Act of 2015, GoviEx has been given 30 days to appeal this decision, which the... 

Getting it right: Kogi Iron

By: Creamer Media Reporter      8th July 2020 Mining Weekly incorrectly reported on July 7 that ASX-listed Kogi Iron had received a large investment from European funds management company Torridon Investments Research to develop its Agbaja cast steel project, in Nigeria. However, Torridon, which is a European funds manager with billions of... 

Oriole Resources commences drilling at Faré target

By: Donna Slater     29th June 2020 Aim-listed West Africa-focused exploration company Oriole Resources has started a 10 000 m air-core (AC) drilling campaign at the Faré target within the north of its Senala project, in Senegal. The project, which is operated under a joint venture (JV) with partner Iamgold Corporation, presents... 

CAML reduces Kounrad staff numbers as 27 test positive

By: Mariaan Webb     Updated 11 minutes ago UK-headquartered miner Central Asia Metals Limited (CAML) has maintained its full-year guidance from its operations in Kazakhstan and North Macedonia, despite increasing its Covid-19 measurements to reduce the spread of Covid-19 at its Kounrad operation. As the Aim-listed company enters the... 

CAML reduces Kounrad staff numbers as 27 test positive
The Kounrad site, in Kazakhstan.

Clean energy should be at ‘core’ of Covid-19 stimulus plans – Guterres

By: Terence Creamer     Updated 44 minutes ago United Nations secretary-general António Guterres appealed to governments on Thursday to place the transition from fossil fuels to clean energy at the “core” of their Covid-19 economic recovery spending. Guterres also used the platform created by the International Energy Agency (IEA) Clean Energy... 

Clean energy should be at ‘core’ of Covid-19 stimulus plans – Guterres
United Nations secretary-general António Guterres

Solidarity urges council, govt to settle out of court to avoid both unrest and delays

By: Marleny Arnoldi     Updated 1 hour 56 minutes ago Trade union Solidarity has called on the Minerals Council South Africa and the Department of Mineral Resources and Energy (DMRE) to negotiate and reach an agreement out of court around ownership and the “once empowered, always empowered” principle. This follows after the High Court ruled that... 

Aboriginal groups call for Rio to lose human rights status after caves blast

By: Reuters     Updated 2 hours 29 minutes ago Aboriginal and human rights groups on Thursday called for miner Rio Tinto Ltd to be stripped of its status as a human rights leader following its destruction of an Aboriginal sacred site showing evidence of 46 000 years of human habitation. With state government approval, the world's biggest... 

$83bn Australian pension fund to divest from thermal coal

By: Bloomberg     Updated 2 hours 32 minutes ago Australia’s second-largest pension fund aims to almost halve carbon emissions across its investments within a decade as it joins global peers in mitigating the risks of climate change. First State Super said it will advocate for Australia’s economy to reduce its greenhouse gas emissions by 45%... 

Kvanefjeld by-products profitable - Greenland Minerals

By: Esmarie Iannucci     Updated 2 hours 42 minutes ago By-products from the Kvanefjeld rare earths project, in Greenland, could contribute as much as $60-million in revenue annually, ASX-listed Greenland Minerals said. The company on Thursday pointed out that the Kvanefjeld deposit contained a large low-grade uranium resource, which could produce... 

IGO signs up for A$30m exploration deal

By: Esmarie Iannucci     Updated 3 hours ago ASX-listed Antipa Minerals has inked a A$30-million farm-in agreement with metals miner Independence Group over the Paterson project, in Western Australia. Under the farm-in agreement, Independence could earn a 70% interest in a joint venture (JV). 

DevEx raises exploration funds

By: Esmarie Iannucci     Updated 3 hours ago ASX-listed DevEx Resources has raised A$5.5-million to fast track exploration work in Western Australia and New South Wales. The company will place an initial 47.5-million shares, at a price of 10c each, to raise an initial A$4.7-million, under its existing placement capacity. A second tranche... 

Barrick alliance provides update on Japan regional programme

By: Mariaan Webb     Updated 3 hours ago Vancouver-based junior Japan Gold and its alliance partner Barrick Gold have started regional-scale geophysical-gravity surveys in the Hokasatsu region, which is located in the largest gold-producing region in Japan. As part of the alliance’s work, regional work programmes have started on 14... 

Barrick alliance provides update on Japan regional programme

Marathon Gold has a new COO

By: Creamer Media Reporter      Updated 3 hours ago Tim Williams, who until recently was operations chief for Chile project developer Rio2, is joining Marathon Gold as COO with effect from July 13. Williams is a professional engineer with more than 25 years of experience in mine construction and operation. He will be responsible for the... 

Freeport is selling more copper than it thought in pandemic

By: Bloomberg     Updated 4 hours ago The world’s biggest publicly traded copper company is navigating the pandemic better than it thought. Freeport-McMoRan expects to report about 8% more copper sales volume and 10% more gold in the second quarter than it forecast in April when it was first coming to grips with the implications of... 

Freeport is selling more copper than it thought in pandemic

Codelco unions say nearly 3 000 miners infected by coronavirus, call for enhanced safety

By: Reuters     Updated 4 hours ago Unions at Chile's Codelco, the world's largest copper producer, said on Wednesday that nearly 3 000 workers had been infected with the coronavirus, prompting renewed calls for more safety measures at the company's sprawling operations. Patricio Elgueta, president of the Federation of Copper... 

Riley gets port access

By: Esmarie Iannucci     Updated 4 hours ago Junior Venture Minerals has inked a port access agreement for its Riley iron-ore mine, in in Tasmania, with TasPorts. Venture on Thursday said that the agreement fully secured the pathway for production from the mine gate to shipping, and effectively meant that mining could immediately start,... 

Borborema economics improves - Big River

By: Esmarie Iannucci     Updated 6 hours ago A review into the definitive feasibility study (DFS) for the Borborema gold project, in Brazil, has reduced the project’s expected costs from the original $99.3-million to $90.7-million. ASX-listed Big River Gold on Thursday noted that the review had resulted in changes to the process design,... 

Bellevue holds A$120m capital raise to fund gold project

By: Esmarie Iannucci     Updated 6 hours ago Gold developer Bellevue Gold has launched a fully underwritten placement to raise A$100-million to accelerate project development at its namesake project in Western Australia. A share purchase plan (SPP) will also be launched with the aim of raising a further A$20-million.  

Nornickel disputes $2bn Arctic damages estimate

By: Mariaan Webb     8th July 2020 Nornickel, the world's largest producer of palladium and high-grade nickel, said on Wednesday that it was committed to fully cover the cost of remediation of the environmental impact of the recent fuel spill in the Arctic, but that it disagreed with the amount that Russian watchdog... 

Nornickel disputes $2bn Arctic damages estimate

Investors put more into Cornish Lithium

By: Mariaan Webb     8th July 2020 Exploration junior Cornish Lithium has raised another £826 000 from shareholders. Founder and CEO Jeremy Wrathall says shareholders chose to put more funds into the company during a time of “huge uncertainty”, noting that investors are “thinking carefully" about where to deploy their funds. The... 

Thousands of copper workers have fallen ill in Chile

By: Bloomberg     8th July 2020 It’s no coincidence that global copper prices and Chilean Covid-19 cases are rising together. Chile, which accounts for more than a quarter of global supply, is battling to maintain output levels as more workers fall ill amid a nationwide surge of infections. Mines have been attempting to keep... 

Cobre Panama to restart after three-month Covid pause

By: Mariaan Webb     8th July 2020 Toronto-listed First Quantum has been given the green light to resume normal operations at its Cobre Panama mine, after being ordered to shut the mine in early April, owing to positive Covid-19 cases. The copper/gold miner said this week that it would implement a reopening plan, which provided... 

Cobre Panama to restart after three-month Covid pause
The Cobre Panama plant.

ScoZinc buoyed by Scotia mine PFS

By: Mariaan Webb     8th July 2020 Development company ScoZinc has announced the prefeasibility study results for its Scotia project, which indicate that the past-producing zinc and lead mine near Halifax could achieve commercial production in 12 months or less from securing project finance. The TSX-V-listed company will now be... 

ScoZinc buoyed by Scotia mine PFS
An aerial view of the Scotia mine site, near Halifax.

Resources Watch 

8th July 2020 This week: Covid kills 13 mineworkers, no foreigners back at work; Platinum group metals in pole position to benefit from global decarbonisation thrust; and, Intensive communication playing key role in curbing Covid at South Deep 

Resources Watch

Kirkland Lake reports increased gold output

By: Esmarie Iannucci     8th July 2020 Triple listed Kirkland Lake Gold has reported a 54% increase in gold production for the second quarter of 2020, compared with the previous corresponding period. The ASX, TSX, and NYSE-listed company on Wednesday announced that gold production in the three months to June had reached 329 770 oz,... 

Kirkland Lake reports increased gold output
The Detour Lake mine.

Newcrest Mining to explore options for its stake in SolGold - sources

By: Reuters     8th July 2020 Australia's Newcrest Mining has hired investment bank RBC Capital Markets to explore options for its 13.57% stake in gold and copper producer SolGold, two sources said, after it contested SolGold's latest fundraising initiative. The Ecuador-focused company agreed in May a financing package of... 

Matador raises funds for Canadian exploration

By: Esmarie Iannucci     8th July 2020 Gold explorer Matador Mining has completed an A$8.7-million capital raise to fund exploration at the Cape Ray gold project, in Newfoundland. The company placed 21.4-million shares, at a price of 40.5c each, under its existing placement capacity.  

New Hope makes more job cuts

By: Esmarie Iannucci     8th July 2020 Coal miner New Hope has flagged a next round of redundancies as the stasis around the approval of its New Acland Stage 3 operation, in Queensland, continues. The miner on Wednesday announced that 14% of its corporate staff have been made redundant while 15% of the workforce at its port facility,... 

Latest News  by  

more

Company Post

more

Latest Videos and Audio

Resources Watch

On-The-Air (03/07/2020)

Covid kills 13 mineworkers, no foreigners back at work

PGMs, battery metals market potential, De Beers' R10m Covid-19 lab make headlines

Resources Watch

Platinum group metals in pole position to benefit from global decarbonisation thrust

Pleasantly surprised by productivity during lockdown – Babcock Ntuthuko Engineering

Intensive communication playing key role in curbing Covid at South Deep

more

Services News

Consulting Engineers

Contract mining

Crushing and Screening

Drilling and Tunnelling

Earthmoving

Energy Services

Explosives

Furnaces and Kilns

Material Handling

Opencast/Quarries

Pumps

Valves

Company Announcements

more

 

Projects

Press Office

more

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Close