R/€ = 17.7678 Change: -0.0571
R/$ = 17.1630 Change: 0.0636
Au 1740.36 $/oz Change: -17.88
Pt 990.00 $/oz Change: 6.00

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R4-trillion needed for South Africa’s hydrogen economy, PIC declares 

By: Martin Creamer     Updated 6 hours ago South Africa’s State-owned Public Investment Corporation (PIC) stated on Monday that more than R4.3-trillion is required for the development of the hydrogen economy, which it declared positive for people, planet, and client portfolios. The hydrogen investment strategy of the PIC, which has... 

Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.
Photo by Siemens
Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.

Embedded generation project pipeline stands at 9 GW – Ramaphosa 

By: Terence Creamer     Updated 7 hours ago President Cyril Ramaphosa reports that the pipeline of confirmed private embedded generation projects has increased to 100 with a total combined capacity of around 9 000 MW. The President confirmed the figure in a series of written responses to Parliamentary questions posed by Democratic Alliance... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Sibanye starts building €359m lithium hydroxide refinery in Finland

By: Marleny Arnoldi     Updated 5 hours ago Precious and battery metals producer Sibanye-Stillwater has announced that it will proceed with construction of the Kokkola lithium hydroxide refinery, on the west coast of Finland, as part of the overall Keliber lithium project. This follows after Sibanye increased its interest in the Keliber... 

Sibanye-Stillwater CEO Neal Froneman
Sibanye-Stillwater CEO Neal Froneman

Transnet auction fails to attract private sector

By: News24Wire      28th November 2022 On Friday, Transnet Freight Rail (TFR) announced that only two companies had participated in its much-anticipated auction of slots to private players, the company's first foray into allowing private participation on the rail network.  The only bid made for the Cape Corridor's Kroonstad to East... 

A photo of railway tracks

Alexkor issues tender for West Coast diamond contract miners

By: Donna Slater     28th November 2022 State-owned diamond miner Alexkor, through its pooling and sharing joint venture (PSJV) with the Alexkor Richtersveld Mining Company (RMC), has issued an expression of interest for contract diamond miners to mine areas along the West Coast of South Africa. Principal qualifying contractors have... 

Bushveld Energy enters reverse takeover deal through the sale of VRFB-H

By: Marleny Arnoldi     28th November 2022 Aim-listed Bushveld Minerals’ 84%-owned subsidiary Bushveld Energy has entered into a conditional agreement to sell its entire 50.5% interest in Vanadium Redox Flow Batteries Holdings (VRFB-H) to special purpose acquisition company Mustang Energy. VRFB-H’s main asset is a 50% interest in Enerox... 

Nersa calls for comments on gas, renewable energy and hydrogen partnership strategy

By: Tasneem Bulbulia     28th November 2022 The National Energy Regulator of South Africa (Nersa) has invited stakeholders to provide written comments on the issues raised in the consultation document concerning the development of the strategy for a gas, renewable energy and hydrogen partnership in South Africa. The consultation document... 

Pensana reports early works are progressing well at Saltend, Longonjo

By: Marleny Arnoldi     Updated 5 hours ago Rare earths developer Pensana reports that construction is progressing well at both its Saltend rare earths processing hub, in the UK, and its Longonjo rare earths mine, in Angola. The enabling works for construction, which started in October, are delivering on schedule at both sites, with the... 

Resolute receives final payment for Bibiani mine sale

By: Tasneem Bulbulia     28th November 2022 Dual-listed Resolute Mining has received the third and final tranche of $10-million from Canadian miner Asante Gold for the sale of the Bibiani gold mine, in Ghana. The two companies are in commercial discussions regarding payment of the environmental bond and interest. 

Aterian lists Tata among higher-priority projects after initial copper finds

By: Marleny Arnoldi     28th November 2022 London-listed exploration company Aterian has discovered strong sediment-hosted copper mineralisation at its recently acquired Tata project, in Morocco. The company’s acquisition of Aterian Resources included a portfolio of 15 copper, silver and base metal projects in Morocco.  

Newfield enters into sales agreement with DelGatto Diamond Finance Fund

By: Tasneem Bulbulia     Updated 6 hours ago ASX-listed Newfield Resources has entered into an asset purchase and sales agreement with DelGatto Diamond Finance Fund (DDFF) for an initial amount of $1.2-million (before costs), payable within 12 months from future diamond sales, to assist with the continued development of the company’s Tongo... 

Atlantic Lithium issues new COO with 4m shares

By: Donna Slater     Updated 6 hours ago Aim-listed Africa-focussed lithium explorer and developer Atlantic Lithium reports that incoming nonboard COO Keith Muller has assumed his new role in the company. As part of his employment contract, Atlantic will issue Muller with four-million shares, half of which are at a strike price of 60p... 

Burkina Faso's vanishing gold boom puts livelihoods at risk

By: Reuters     28th November 2022 A gold mining boom in Burkina Faso over the last decade propelled Boukary Diallo from being a vendor on a market stall to running a meat business supplying a mine near Ouahigouya, his home town in the north of the country. But as the West African country loses territory to Islamist militants and... 

Iamgold reports fatality in Burkina Faso

By: Creamer Media Reporter      28th November 2022 Canadian mining company Iamgold has reported the death of an employee, who passed away last week Tuesday as a result of injuries sustained in an off-site accident in Burkina Faso. The accident occurred when Iamgold team members were assisting with the hoisting of mobile equipment. 

West Kenya drilling results indicate considerable potential resource increase

By: Tasneem Bulbulia     28th November 2022 Drilling results from three targets forming part of the Ramula Camp at the West Kenya project, in Kenya, confirm Aim-listed Shanta Gold’s long-held belief that the project has the potential to become one of Africa’s next quality, high-grade gold mines, CEO Eric Zurrin says. “The team has... 

Copper mining grows at last but now smelters can't keep up

By: Bloomberg     28th November 2022 Copper miners are boosting output at last after several years of anemic performance. But it may not be enough to meaningfully lift stockpiles from historically low levels, keeping supplies tight in a market critical to the energy transition. The reason is a bottleneck in capacity at the world’s... 

Glencore invests 5.5m in NPA partnership to combat GBV

By: Thabi Madiba     Updated 6 hours ago Mining giant Glencore Ferroalloys and the National Prosecuting Authority officially handed over the fully equipped Dilokong Thuthuzela Care Centre to the Ga-Maroga community in Limpopo as part of efforts to combat gender-based violence. The new centre will offer victims of abuse services and... 

Workers for Chile's Escondida accept BHP's offer and will not strike

By: Reuters     Updated 7 hours ago  Workers at Chile's Escondida mine accepted a new offer from BHP and will not move forward with a strike that was planned for November 28 and 30, their union said Monday. "The strike was stopped because last night between 9:00 p.m. and 3:00 a.m., members voted to approve the proposal that... 

Workers for Chile's Escondida accept BHP's offer and will not strike

China commodities sink as Covid spread, protests worsen outlook

By: Bloomberg     28th November 2022 Commodities sank as China’s Covid outbreak worsened and a series of stunning street protests in cities across the nation threaten to derail economic activity and sap demand for energy and raw materials. Base metals in London and Shanghai dropped, with Chinese copper futures declining as much... 

Indonesian tin groups ask govt to consider impose export restrictions gradually

By: Reuters     28th November 2022 Indonesian tin industry groups on Monday asked authorities to consider implementing a planned tin ingot export ban gradually to allow the industry to develop domestic processing plants. Indonesia last month said the world's biggest exporter of refined tin is planning to ban exports of the metal... 

Extortion rackets becoming an epidemic in South Africa – Mavuso

By: Donna Slater     28th November 2022 Large industries, from mining to construction, are being targeted by extortion rackets of epidemic proportions, as organised crime is fast emerging as the biggest threat to South Africa’s economy, says Business Leadership South Africa (BLSA) CEO Busi Mavuso. Such crime, she says, is now more... 

TECH feasibility proves positive for QPM

By: Esmarie Iannucci     28th November 2022 The advanced feasibility study into the Townsville Energy Chemicals Hub (TECH) base metals project, in Queensland, has confirmed the Stage 1 economics, prompting owner Queensland Pacific Metals (QPM) to start formal debt funding negotiations with potential lenders. The Stage 1 TECH project is... 

Australian gold production falls - Surbiton

28th November 2022 Australian gold production declined by 7 t in the third quarter of 2022, new data from Melbourne-based gold mining consultants Surbiton Associates found. Output for the September 2022 quarter totalled 76 t, down nine percent from the high of 83 t produced in the June 2022 quarter. It brings... 

Warrego continues to throw support behind Beach transaction

By: Esmarie Iannucci     28th November 2022 The directors of takeover target Warrego Energy on Monday confirmed that they would accept the takeover bid from fellow listed Beach Energy for their own shares in the company. Beach and Warrego earlier this month entered into a scheme implementation deed, under which Beach is offering 20c a... 

Critical Resources raises cash for Ontario exploration

By: Esmarie Iannucci     28th November 2022 ASX-listed Critical Resources will raise A$6.7-million under the flow-through shares provision under the Canadian tax law to advance drilling at the Mavis Lake project, in Ontario. The company has received firm commitments for the placement of more than 84.3-million shares, at a price of C$0.71,... 

Silver heading for multi-decade high deficit in 2022 – report

By: Creamer Media Reporter      28th November 2022 The global silver market is forecast to record a second consecutive deficit in 2022, with a multi-decade supply gap of 194-million ounces forecast as demand is set to rise to a new high this year. According to the Silver Institute’s recently released ‘Interim Silver Market Review’, global demand... 

Sale of Great Panther’s Peru mine falls through

By: Mariaan Webb     28th November 2022 The sale of Great Panther Mining’s Peruvian subsidiaries to Newrange Gold – announced in September – has fallen through, the embattled company reported on Friday. Great Panther, which has entered bankruptcy protection, stated that the share purchase agreement to sell the subsidiaries that... 

Anglo American creates ‘digital twin’ of Quellaveco

By: Creamer Media Reporter      28th November 2022 Diversified mining group Anglo American has implemented state-of-the-art technology at the Quellaveco mine, in Peru, to create a virtual replica that simulates everything that happens in its process plant. With this technology, digital mining specialists can perform predictive tests that help... 

Anglo American creates ‘digital twin’ of Quellaveco

Vale Indonesia expects to complete nickel HPAL plant by 2025

By: Reuters     28th November 2022 Indonesian nickel miner PT Vale Indonesia expects to complete construction by 2025 of a high-pressure acid leaching plant to produce nickel minerals used in electric vehicle (EV) batteries, its director said on Monday. Vale on Sunday broke ground on the plant, which is expected to have a... 

China actions spark Canada review of rules on foreign investment

By: Bloomberg     28th November 2022 Canada’s new Indo-Pacific strategy calls for changes to foreign investment screening as a result of concerns about Chinese state-owned enterprises, a development that comes less than two weeks after China’s Xi Jinping lectured Prime Minister Justin Trudeau on the sidelines of a Group of 20... 

Copper’s biggest mystery is finally cracking

By: Bloomberg     28th November 2022 The warnings keep getting louder: the world is hurtling toward a desperate shortage of copper. Humans are more dependent than ever on a metal we’ve used for 10 000 years; new deposits are drying up, and the type of breakthrough technologies that transformed other commodities have failed to... 

Copper’s biggest mystery is finally cracking

Group 6 Metals raises cash to fund Dolphin production

By: Esmarie Iannucci     28th November 2022 Tungsten developer Group 6 Metals will raise A$20-million through a share placement o bring its Dolphin tungsten mine, in Tasmania, into production. The ASX-listed company has received binding commitments for the issue of more than 117.6-million shares, at a price of 17c each, representing a... 

Pilbara and Calix solidify JV ambitions

By: Esmarie Iannucci     28th November 2022 Lithium miner Pilbara Minerals and fellow listed Calix have executed a formal joint venture (JV) agreement for a decarbonised lithium refining project in the Pilbara. The formal JV agreement followed on from an earlier memorandum of understanding (MoU) to support the development of a Mid-Stream... 

WA provides funds for miner health and safety initiatives

By: Esmarie Iannucci     28th November 2022 The Western Australian government has committed A$1.2-million in funding to further strengthen its commitment to the safety of Western Australian mine workers. Mines and Petroleum Minister Bill Johnston said that the new funding packages underline the government’s commitment to eliminate... 

Woodside answers Europe's energy call

By: Esmarie Iannucci     28th November 2022 Oil and gas major Woodside has expanded its liquified natural gas (LNG) trade to include Europe, with the ASX-listed company delivering gas from the North West Shelf to Uniper Global Commodities SE in Rotterdam. The cargo of approximately 75 000 t of LNG, or 100-million cubic meters of natural... 

BHP working towards GHG targets at Olympic Dam

By: Esmarie Iannucci     28th November 2022 Mining major BHP has unveiled a fully electric Jumbo at its Olympic Dam operations, in South Australia, to support the company’s target to reduce operational greenhouse gas (GHG) emissions, including by minimising reliance on diesel. The 28.7 t, 14.5-m long battery-electric Epiroc Boomer M2... 

Rio creates Juukan Gorge legacy foundation

By: Esmarie Iannucci     28th November 2022 Mining major Rio Tinto has joined forces with the Puutu Kunti Kurrama and Pinikura (PKKP) Aboriginal Corporation to create the Juukan Gorge Legacy Foundation after signing a remedy agreement regarding the tragic destruction of two ancient rock shelters at Juukan Gorge in the Pilbara region of... 

Image shows Rio Tinto logo on building

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.

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