R/€ = 17.88 Change: 0.09
R/$ = 15.89 Change: 0.03
Au 1783.61 $/oz Change: 2.18
Pt 957.50 $/oz Change: 20.50

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Specify energy transition action now, the money’s there for it, UN climate envoy urges 

By: Martin Creamer     Updated 5 hours ago The energy transition is woefully under specified, the United Nations special envoy on climate change action and finance Mark Carney told a global webinar, in which he described the specifying of energy transition action as being “a matter of urgency”. Such specification, the webinar heard,... 

Picture from Reuters
Photo by Reuters
United Nations special envoy on climate change action and finance Mark Carney

NUM concerned about ‘deepening crisis’ in South Africa 

By: Simone Liedtke     Updated 5 hours ago The National Union of Mineworkers (NUM) has expressed concern about the “deepening crisis” in South Africa, saying it feels that the “gains of the 1994 democratic breakthrough are fast withering away under the weight of deepening inequality and mass unemployment”. During its extended national... 

De Beers to explore for diamonds in north-eastern Angola

By: Creamer Media Reporter      Updated 4 hours ago Diamond miner De Beers Group has applied to conduct exploration activities in north-eastern Angola following substantive and consistent reforms implemented by the country's government that enable the country’s diamond endowment to underpin transformative socioeconomic growth for local... 

De Beers CEO Bruce Cleaver
De Beers CEO Bruce Cleaver

Vedanta to support Zambia on green energy transition goals

By: Simone Liedtke     7th December 2021 Natural resources company Vedanta intends to support the Zambian government in its green energy transition goals, it confirmed on December 7. This decision was bolstered by the steps already taken by the government, including the appointment of the country's first Green Economy and Environment... 

Shanta lowers New Luika full-year output guidance

By: Creamer Media Reporter      Updated 5 hours ago Aim-listed Shanta Gold has lowered its full-year production guidance for the New Luika gold mine, in Tanzania, to between 55 000 oz and 57 000 oz of gold. This compares with the previously guided 60 000 oz to 65 000 oz of gold. Shanta attributes the lower guidance to operational difficulties as... 

Gemfields' latest emerald auctions generate a record $37.9m in revenue

By: Creamer Media Reporter      Updated 6 hours ago A series of five emerald mini-auctions in November and December has generated a record $37.9-million in revenue for gemstone miner Gemfields. All carats on offer were sold and the emeralds were sold for an average of $150.65/ct. 

Triton flags increased output from pilot plant

By: Esmarie Iannucci     7th December 2021 ASX-listed Triton Minerals has flagged a 50% to 70% production capacity increase from its commercial pilot plant (CPP) at the Ancuabe graphite project, in Mozambique. The company on Tuesday said that a revised desktop study of the CPP now envisaged a 250 000 t/y plant capable of producing... 

Pasofino raises $5.5m for Dugbe study

By: Simone Liedtke     7th December 2021 Canadian mineral explorer Pasofino Gold has entered into a nonbrokered private share placement to raise $5.5-million, of which about $4.5-million has been subscribed for by Turkish miner Esan. The funding provides sufficient capital for Pasofino to complete the definitive feasibility study on... 

Galileo signs option agreement to earn 51% interest in Zambia copper/gold project

By: Creamer Media Reporter      Updated 4 hours ago Aim-listed Galileo Resources has entered into an option and joint venture (JV) agreement with Garbo Resource Solutions to earn an initial 50% interest in the Shinganda copper/gold project, in Zambia. Galileo has committed to spending $500 000 on exploration and evaluation at Shinganda over a... 

Chile copper exports soar to $4.9bn in November on high global prices

By: Reuters     Updated 6 hours ago Chile, the world's top copper producer, saw exports of the red metal soar over 35% to $4.92-billion in November, the Andean country's central bank said on Tuesday, bolstered by strong global prices of the metal. That helped the country post a trade surplus of $834-million in the month, despite... 

Solaris to spin out noncore assets

7th December 2021 Vancouver-headquartered Solaris Resources will transfer its noncore assets in Ecuador, Peru, Chile and Mexico into a newly incorporated subsidiary, named Solaris Exploration, leaving the parent company to focus on advancing the Warintza project, in Ecuador. Solaris Exploration will not be listed... 

Mountain Province reports strong demand for its diamonds

By: Creamer Media Reporter      7th December 2021 Canadian diamond miner Mountain Province has achieved sterling results in its December sale, reinforcing its confidence in a robust diamond market heading into 2022, president and CEO Mark Wall reported on Monday. During the most recent December sale, 388 573 ct were sold for total proceeds of... 

Newmont to sell first sustainability-linked bonds from a miner

By: Bloomberg     7th December 2021 Newmont, one of the world’s largest gold miners, is selling $1-billion of bonds giving it a financial incentive to cut emissions and improve corporate governance, the first company in the energy-intensive industry to issue such securities. The company’s 10-year bonds will pay investors a higher... 

Newmont to sell first sustainability-linked bonds from a miner

Copper Mountain shipments unaffected by heavy rains

By: Mariaan Webb     7th December 2021 Base metals miner Copper Mountain said on Monday that there had been no material impacts so far to its operations, production or concentrate shipments as a result of heavy rain, flooding and mudslides in British Columbia. The mine continued to truck its concentrate to the port of Vancouver and,... 

Yamana receives expansion permit for Jacobina

By: Mariaan Webb     7th December 2021 Canadian gold miner Yamana Gold has received the permit at its Jacobina mine, in Brazil, to expand throughput to 10 000 t/d, marking not only a significant milestone in the Phase 2 ramp up to 230 000 oz/y, but also facilitates the future Phase 3 expansion to bring production up to 270 000 oz/y.... 

An image of a gold bar

Offshore wind could power Alcoa's Portland smelter in Australia

By: Reuters     7th December 2021 Australia's Alinta Energy said on Tuesday it is considering building a A$4-billion ($2.8-billion) offshore wind farm to supply Alcoa Inc's Portland aluminium smelter and the country's east coast grid. The project is at a very early stage, with Alinta studying a 500 km2 area offshore where it... 

Falcon IPO raises A$30m

By: Esmarie Iannucci     7th December 2021 ASX-listed Chalice Mining on Tuesday said that the initial public offer (IPO) of its spin-off Falcon Metals, had raised A$30-million. Chalice earlier this year flagged the demerger of its Australian gold assets into a stand-alone, listed Australian gold-focused exploration company, following a... 

Activists making wave at Carmichael

By: Esmarie Iannucci     7th December 2021 The Queensland Resources Council (QRC) has called for tougher penalties for protestors who break the law and disrupt the lawful activities of mining companies. The call comes as activist activities outside of the Carmichael coal mine ramped up. 

Dubbo optimisation proves positive for ASM

By: Esmarie Iannucci     7th December 2021 An optimisation study into the Dubbo polymetallic project, in New South Wales, has confirmed the project’s economics, ASX-listed Australian Strategic Materials (ASM) said. The optimisation work simplified the Dubbo project process flow sheet and incorporated new operating strategies that will... 

Thiess wins A$200m in mining contracts

By: Esmarie Iannucci     7th December 2021 Mining contractor Thiess has secured two mining services contracts in Queensland, with a combined value of some A$200-million. The company was awarded a 12-month contract extension to its existing contract with mining BHP Mitsubishi Alliance for the provision of mining and maintenance services... 

Emerald Resources takes aim at Bullseye

By: Esmarie Iannucci     7th December 2021 ASX-listed junior Emerald Resources has made a takeover offer for un-listed Bullseye Mining, which holds the North Laverton gold project, in Western Australia. Under the offer, Bullseye shareholders will receive 1 new Emerald share for every 3.43 Bullseye shares held. The offer values Bullseye... 

Woodside takes hydrogen drive to the US

By: Esmarie Iannucci     7th December 2021 Australian energy major Woodside Energy on Tuesday unveiled plans to expand its portfolio of hydrogen production opportunities to the US, with the aim of starting production in 2025. The company told shareholders that it had secured land in Oklahoma for the future development of a modular... 

Govt releases offshore acreage for CCS and exploration

By: Esmarie Iannucci     7th December 2021 Five new areas in Commonwealth waters have been made available for the exploration of greenhouse gas storage opportunities. Federal Resources Minister Keith Pitt said the bidding round opened for the 2021 Offshore Greenhouse Gas Storage Acreage Release, which is centred around prospective... 

Santos/Oil Search deal gets shareholder approval

By: Esmarie Iannucci     7th December 2021 The shareholders of ASX-listed Oil Search have backed a merger with fellow-listed Santos, with 95.07% of votes cast at the company’s shareholder meeting, being in favour of the transaction. The two companies in August announced a potential merger to create a A$21-billionoil and gas giant, under... 

Image shows the outside of the Australian Stock Exchange building, in Sydney

Nersa gears up to release consultation paper on Eskom’s latest revenue application 

By: Terence Creamer     6th December 2021 The National Energy Regulator of South Africa (Nersa) will release a consultation paper on December 8 alongside Eskom’s fifth multiyear price determination application (MYPD5), which covers the three financial years from 2022/23 to 2024/25. The paper, which is currently being finalised, will... 

Nersa logo

MineSafe attendees recommit to elimination of fatalities in South Africa’s mines 

By: Simone Liedtke     6th December 2021 Stakeholders who attended MineSafe 2021 on November 25 have recommitted themselves to working towards the elimination of fatalities, injuries and occupational diseases on South Africa’s mines in pursuit of Zero Harm and to ensure each employee returns from work unharmed every day. The urgency of... 

Pic of mine workers' boots and safety hat

Ivanhoe’s Robert Friedland inducted into American Mining Hall of Fame

By: Simone Liedtke     6th December 2021 TSX-listed Ivanhoe Mines founder and executive co-chairperson Robert Friedland has been inducted into the American Mining Hall of Fame for accomplishments during his career in the international mining industry. The American Mining Hall of Fame recognises individuals who have demonstrated... 

Pic of Robert Friedland
Photo by Creamer Media
Robert Friedland

Zimplats’ $1.8bn investment strategy to boost nameplate capacity, in-country processing

By: Simone Liedtke     6th December 2021 Zimplats’ $1.8bn investment strategy to boost nameplate capacity, in-country processing The board of directors of platinum group metals miner Zimplats has approved an overall capital investment strategy worth $1.8-billion to be implemented over a ten-year period, beginning this year, with... 

Coming months to be ‘very significant’ for Botswana Diamonds, says chairperson

By: Simone Liedtke     6th December 2021 The coming months will be very significant, and a time of “great opportunity”, for diamond miner Botswana Diamonds, as it has a pipeline of projects at various stages of development, says chairperson John Teeling. However, this opportunity had not yet been realised, he said on December 6, noting... 

Global nickel smelting rebounds as Sudbury operations restart

By: Reuters     6th December 2021 Global nickel smelting activity rebounded in November, powered by gains in North America and Europe, while refined copper production dipped, data from satellite surveillance showed on Monday. Nickel output climbed due to the restart of Vale's Sudbury smelter in Canada while the easing of a power... 

Gold holds advance as virus adds to risks for global growth

By: Bloomberg     6th December 2021 Gold held onto Friday’s gain amid risk-off sentiment as investors weigh mixed labor data from the US, the Federal Reserve’s hawkish tilt and the threat of the omicron variant. Data Friday showed US job growth registered its smallest increase this year while the unemployment rate fell by more... 

Solidarity suggests Sibanye should undergo business rescue

By: Simone Liedtke     6th December 2021 Trade union Solidarity has suggested that precious and battery metals producer Sibanye-Stillwater should “place itself under voluntary business rescue” after the mining house said it would not put a contingency plan in place to prevent retrenchments. Sibanye and labour unions in South Africa have... 

Glencore targeting recycling step change  

By: Martin Creamer     6th December 2021 The goals of the Paris Agreement on climate change are best achieved through the circular economy, says diversified mining and marketing company Glencore, which sees recycling as being a significant means for relieving the growing burden that global decarbonisation is set to place on finite raw... 

Glencore 2021 investor update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Pan African to list on the A2X

By: Tasneem Bulbulia     6th December 2021 Gold producer Pan African Resources has been approved for a secondary listing on South African stock exchange A2X Markets, bringing the number of instruments available for trade on the A2X to 58. Pan African’s ordinary shares will become available for trade on the stock exchange from December 13. 

Congo replaces head of Gecamines for first time in decade

By: Bloomberg     6th December 2021 Democratic Republic of Congo’s President Felix Tshisekedi named Alphonse Kaputo Kalubi as chairman of Gecamines, the State-controlled copper and cobalt mining company. Kalubi replaces Albert Yuma who served for more than 10 years at the helm of a company that’s key to mining in Congo, the... 

Thungela outlines healthy performance in first year of listing

By: Marleny Arnoldi     6th December 2021 Coal miner Thungela Resources has, since its listing on June 7, experienced a period of rail constraints in South Africa, as well as logistical constraints in China, Russia, Indonesia and Colombia. The company expects its export sellable production for the 2021 financial year to be just under... 

A Thungela Resources coal mine
A Thungela Resources coal mine

Kefi positive that end of Ethiopian conflict is near, boding well for project progress

By: Simone Liedtke     6th December 2021 Aim-listed Kefi Gold and Copper is confident that peace will soon be restored to Ethiopia, following intensified diplomatic efforts and mediation now backed by the African Union (AU), the United Nations (UN) and major world powers. As previously reported, following the taking of office in... 

Belo Sun’s Volta Grande selected as ‘strategic’ project

By: Creamer Media Reporter      6th December 2021 The Brazilian government has selected the TSX-listed Belo Sun’s Volta Grande gold project for its investment partnership programme (PPI), which supports projects that are deemed as strategic mineral projects for the country. The programme was created last year to support companies involved in... 

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