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Seriti says R892m Windlab deal is ‘significant landmark’ in transition from coal to energy business
By: Terence Creamer Updated 3 hours 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
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... →
Golden Rim looking for new Kouri buyer
By: Esmarie Iannucci Updated 3 hours 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... →
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
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... →
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... →
Barloworld plans gender-bond sale in first for South Africa
By: Bloomberg Updated 1 hour 4 minutes ago Barloworld, the South African car dealer and supplier of equipment to the mining industry, is marketing the nation’s first sale of debt linked to gender-diversity targets. The Johannesburg-based company is planning to raise as much as R1-billion in three-year and five-year bonds, with the rates... →
Bill Gates’ TerraPower raises $750m for cheaper nuclear
By: Bloomberg Updated 1 hour ago Bill Gates-backed TerraPower raised at least $750-million to advance efforts to develop small-scale nuclear reactors, including a major investment from South Korean conglomerate SK Group. SK will invest $250-million to add a stake in the technology developer, which aims to commercialize smaller... →
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. →
Caracal reports continued progress at Kilimapesa project
By: Darren Parker Updated 9 minutes ago LSE- and FSE-listed Caracal Gold has reported solid progress in the development of its Kilimapesa gold mine and processing operation, in Kenya, during the quarter ended June 30. Exploration on the Kilimapesa Hill Deposit (KHD), which began in December last year, culminated in an updated mineral... →
Amaroq signs vehicle automation MoU for Greenland site
By: Creamer Media Reporter Updated 47 minutes ago Aim- and TSX-V-listed mining company Amaroq Minerals has signed a memorandum of understanding (MoU) with ABD Solutions, a business within AB Dynamics, to investigate the potential for the introduction of vehicle autonomy systems at its Nalunaq site, in Greenland. Amaroq is planning a pilot... →
Nomad receives court approval for Sandstorm arrangement
By: Creamer Media Reporter Updated 1 hour 12 minutes ago The Superior Court of Quebec has issued a final order approving the acquisition of Nomad Royalty Company by Standstorm Gold, clearing the way for the transaction to be effective from Monday. Upon completion of the arrangement, Nomad was expected to delist its common shares from the TSX, the NYSE... →
Maverix adjusts 2022 outlook on Omolon uncertainty
By: Mariaan Webb Updated 1 hour 27 minutes ago Gold-focused royalty and streaming firm Maverix has updated its 2022 outlook to exclude production from the Omolon mine, in Russia, from its guidance. Excluding any contribution from Omolon, Maverix expects 28 000 to 31 000 gold-equivalent ounces (GEOs), compared with its previously guided 32... →
Judge reinstates Obama-era ban on coal leasing on public lands
By: Bloomberg Updated 1 hour 55 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... →
Codelco turns to AI to squeeze out more copper from ageing mines
By: Bloomberg Updated 2 hours 14 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 2 hours 20 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... →
Company exploiting post-pandemic freedom with automation solutions
By: Simone Liedtke Updated 2 hours 48 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... →
Talon and Strike take decision on new WA gas project
By: Esmarie Iannucci Updated 3 hours 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 3 hours 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... →
Comprehensive range of engineering solutions provided to various industries globally
By: Simone Liedtke Updated 3 hours 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... →
Plans unveiled for a hydrogen hub in the NT
By: Esmarie Iannucci Updated 5 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 5 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 5 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 6 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 6 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 6 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... →
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... →
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... →
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