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Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Anglo’s coal retreat may boost South African fossil-fuel output

By: Bloomberg     11th June 2021 Under pressure from investors and environmentalists, Anglo American exited its South African coal business this week, but the spinoff could have an unforeseen outcome: higher output of the most polluting fuel. Anglo’s CEO Mark Cutifani said it was a “responsible transition” from thermal coal, but... 

Anglo’s coal retreat may boost South African fossil-fuel output
July Ndlovu, head of Anglo American spinoff Thungela.

R3.2bn Arnot coal mine contract awarded to M&R and Amandla JV Boipelo

By: Schalk Burger     11th June 2021 Boipelo Mining Contractors, a joint venture between engineering and construction multinational Murray & Roberts (M&R) and contact mining company AmandlaTM Group, has been awarded a R3.2-billion contract for the provision of underground mining services at the Arnot coal mine, in Mpumalanga.... 

Gold Fields’ South Deep, trade unions ink three-year wage deal

By: Simone Liedtke     11th June 2021 Gold Fields’ South Deep mine and trade unions the National Union of Mineworkers (NUM) and Uasa, have concluded a three-year wage agreement for the period from March 1, 2021, to February 28, 2024. The parties believe the agreement is in the best interest of employees and the mine’s long-term... 

Platinum jewellery sales continue to record strong rebound

By: Simone Liedtke     11th June 2021 Despite ongoing challenges escalated by the Covid-19 pandemic, platinum jewellery retailers and manufacturers report a sustained recovery across three of four key markets in the latest ‘Platinum Jewellery Business Review (PJBR)’ report for the first quarter of this year. The strong momentum is... 

Deep-South announces results from drilling programme at Haib

By: Tasneem Bulbulia     11th June 2021 TSX-listed Deep-South Resources has recorded the second batch of assay results from its current drilling programme at the Haib copper project in southern Namibia. Significant copper and molybdenum intersections include 0.46% copper-equivalent grade over 156 m, including 24 m at 0.65% copper... 

Iron-ore scales over three-week high on China demand, supply risks

By: Reuters     11th June 2021 Iron-ore futures jumped on Friday to their highest in more than three weeks, as a rebound in steel inventory in top producer China suggested that demand for the raw material remained brisk. The most-traded September iron ore on China's Dalian Commodity Exchange rose as much as 4.1% to 1 226 yuan... 

Samarco offers creditors shares or 85% haircut - sources

By: Reuters     11th June 2021 Samarco Mineracao, a bankrupt joint venture between Brazilian miner Vale and BHP Group, proposed on Thursday a plan to restructure 50-billion reais ($10-billion) in debt with an offer of preferred shares or a cash payout in 2041 equal to 15% of the current value of holdings, sources said.... 

Ex-AngloGold CEO joins lithium developer’s board

By: Creamer Media Reporter      11th June 2021 Kelvin Dushnisky has been appointed to the board of developer Lithium Americas, which focuses on projects in Argentina and Nevada. Dushnisky was the CEO of gold major AngloGold Ashanti and prior to that, he was at Barrick Gold for 16 years, including serving as president. Lithium Americas also... 

Ex-AngloGold CEO joins lithium developer’s board
Kelvin Dushnisky

Waterton seeks up to $1bn for Quebec nickel mine

By: Bloomberg     11th June 2021 Waterton Global Resource Management has hired advisers to sell its Dumont nickel project in Quebec, seeking to capitalize on demand for the resource as automakers make plans to build more electric vehicles, according to people familiar with the matter. The project, which is located about 300... 

Lithium major Albemarle to boost extraction in search for green growth

By: Bloomberg     11th June 2021 The world’s biggest lithium producer is proceeding with a project to extract more of the battery metal from the brine it pumps up from a Chilean salt flat in a sign of its confidence in the country and global demand. Albemarle is introducing a way of extracting more of the lithium that’s... 

Lithium major Albemarle to boost extraction in search for green growth

China's Ganfeng Lithium to sell $630m of shares to fund expansion

By: Reuters     11th June 2021 Ganfeng Lithium, one of the world's top lithium producers, said on Friday it would sell around HK$4.9-billion ($630-million) in new shares to boost capacity and fund potential investments. The Chinese company in March announced an ambitious plan to increase its lithium production capacity... 

Aeris completes A$50m capital raise

By: Esmarie Iannucci     11th June 2021 Copper/gold producer Aeris Resources has completed a A$50.4-million capital raise to accelerate exploration at the Tritton copper project and the Cracow gold mine, in New South Wales and Queensland respectively. Some 287.9-million new shares will now be issued at a price of 17.5c each in an... 

Mandrake raises exploration funding

By: Esmarie Iannucci     11th June 2021 Junior Mandrake Resources will raise A$12-million in a share placement to institutional and sophisticated investors to fund an accelerated exploration drive at its Western Australian assets. The company on Friday reported that it would place 60-million shares, at a price of 20c each under the... 

Billions in upstream opportunities left - Woodmac

By: Esmarie Iannucci     11th June 2021 Advisory firm Wood Mackenzie (Woodmac) has estimated that a potential $14-billion of upstream oil and gas assets could potentially be coming into the market, as the merger and acquisition (M&A) market in Asia begins to thaw. Woodmac Asia Pacific vice chairperson Gavin Thompson noted that the... 

Macarthur ponders Pilbara spin-out

By: Esmarie Iannucci     11th June 2021 ASX- and TSX-V listed Macarthur Minerals on Friday announced plans to spin-out Pilbara iron-ore assets into a separately listed vehicle Infinity Mining. Infinity, which was previously a wholly owned subsidiary of Macarthur known as Macarthur Australia, holds the company’s Pilbara... 

Early Tesla investor backs firm that tracks metals supply chain

By: Bloomberg     11th June 2021 An early Tesla investor is backing a startup that helps track battery metals across the supply chain to ensure they hold up to environmental and ethical scrutiny. The Westly Group, which led a funding round with five other venture capital firms, invested $14-million in Circulor, according to a... 

Early Tesla investor backs firm that tracks metals supply chain

Ganfeng exercises participation right in Sal de la Puna

By: Mariaan Webb     11th June 2021 Chinese group Ganfeng Lithium has exercised its project participation right to acquire a 35% interest in the Sal de la Puna (SDLP) lithium brine project, in Argentina, Arena Minerals reported on Thursday. The TSX-V-listed junior in March announced an agreement to acquire 100% of SDLP, which... 

Exploration geologists, coal reserves, outperforming companies make headlines   

11th June 2021 Mining Weekly Editor Martin Creamer discusses why exploration geologists in Africa need to be allowed to help find new metals and minerals; an opportunity to create new jobs by mining coal reserves in an environmentally correct manner; and mining companies that do their best for the environment... 

Exploration geologists, coal reserves, outperforming companies make headlines

MRC starts graphite production at Norway mine

By: Esmarie Iannucci     11th June 2021 ASX-listed Mineral Commodities (MRC) has started mining operations at the Trælen graphite mine, in Norway, through its 90%-held subsidiary Skaland Graphite. “The commencement of decline mining represents a new chapter in the life of Trælen mining operations, which until now have been following... 

Canadian miner sees higher rough diamond demand across all categories

By: Creamer Media Reporter      11th June 2021 Demand in the rough diamond market is robust, supported by polished diamond price increases and buoyant jewellery retail sales in the US and China, Canadian miner Mountain Province reports. The company, which is a 49% participant with De Beers in the Gahcho Kué mine in Northwest Territories,... 

Canadian miner sees higher rough diamond demand across all categories

Qld govt to expand renewables fund to include hydrogen

By: Esmarie Iannucci     11th June 2021 The Queensland government will expand its A$500-million Queensland Renewable Energy Fund into a A$2-billion Renewable Energy and Hydrogen Jobs Fund as part of its Covid-19 Economic Recovery Plan. The A$2-billion investment will provide cheaper, cleaner energy to power more industries and create... 

Qld govt to expand renewables fund to include hydrogen

Aus, Singapore sign A$30m partnership on hydrogen

By: Esmarie Iannucci     11th June 2021 The Australian government has announced a A$30-million partnership with Singapore to accelerate the deployment of low emissions fuels and technologies, such as clean hydrogen, to reduce emissions in maritime and port operations. Prime Minister Scott Morrison said Australia was driving practical... 

Magazine round up | 11 June 2021 

11th June 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 11 June 2021

Mining output performs well, but off a low base

By: Marleny Arnoldi     10th June 2021 Mining output has increased by 116.5% year-on-year in April, after having increased by 22.5% year-on-year in March. The largest contributors were platinum group metals, growing by 276%; gold, growing by 177%; manganese ore, growing by 208%; and iron-ore, growing by 149%. 

Electrification, digitalisation and automation to increase mines safety and productivity

By: Donna Slater     10th June 2021 South African mines wanting to drive greater operational safety, productivity and sustainability, as well as increase mine life, should tap into electrification, digitalisation and automation, says engineering company ABB South Africa process industries division manager John Manuell. From a... 

Coal expected to remain dominant source of power in the coming decade - Fitch Solutions

By: Simone Liedtke     10th June 2021 Coal is expected to remain the dominant source of power for most of Southeast Asia and Australia in the coming decade, at least, and Fitch Solutions Country Risk and Industry Research says that will support the mining of coal and coal trade in the region. Coal currently remains the most practical... 

Resources Watch  

10th June 2021 This week: Tender for new modern cadastre system to be invited next week; Hot prices pervading commodities market, CRU tells Junior Indaba; and, Today’s juniors targeting rich beyond-mining value-add of world’s new critical metals  

Resources Watch

Ero Copper to list on NYSE

By: Creamer Media Reporter      10th June 2021 Vancouver-headquartered Ero Copper has received approval from the NYSE for a US listing of common shares. Trading will start on June 15, the company said in a statement on Thursday, adding that its shares will continue to trade on the TSX. “We believe this US listing is an important milestone... 

ARR prospects for scandium on Zenith property

By: Marleny Arnoldi     10th June 2021 ASX-listed American Rare Earths (ARR) has acquired the rights to explore, develop and process scandium, nickel and cobalt at the Split Rocks project, in Western Australia. The acquisition of the Scandium Mineral rights over the project, from fellow-listed Zenith Minerals, is consistent with the... 

Sandvik expects bigger market for battery-driven mining gear in two to three years

By: Reuters     10th June 2021 Sandvik expects the market for battery-electric underground mining equipment to hit a higher gear in two to three years, as mining companies attempt to lower emissions and cut costs. With an electrification boom looming, Sandvik, whose competitors include Epiroc and Caterpillar, could sell more... 

Transnet reports increase in cable theft; 600 arrests made

By: Schalk Burger     10th June 2021 State-owned logistics company Transnet on June 10 reported that there was an average of 650 incidents of cable theft a month in the first five months of this year, while more than 600 arrests have been made since the beginning of the year. Transnet loses about 120 km of overhead cables a month... 

Beowulf receives funding to advance spheronisation and purification project

By: Donna Slater     10th June 2021 Aim-listed explorer and developer Beowulf’s wholly-owned Finnish subsidiary and graphite miner Fennoscandian Resources has been granted €791 000 by innovation funding and trade, travel and investment promotion agency Business Finland. The grant funding is equivalent to 50% of the three-year... 

Organisers of Nordgold IPO see its value at $5.1bn to $6.6bn - sources

By: Reuters     10th June 2021 Two organisers of an initial public offering (IPO) for Russia-focused gold producer Nordgold see its equity value at $5.1-billion to $6.6-billion, three financial market sources told Reuters on Thursday. Gazprombank put it at $5.1-billion to $6.6-billion, while Renaissance sees it at... 

Sandvik expects bigger market for battery-driven mining gear in 2-3 years

By: Reuters     10th June 2021 Sandvik expects the market for battery-electric underground mining equipment to hit a higher gear in two to three years, as mining companies attempt to lower emissions and cut costs. With an electrification boom looming, Sandvik, whose competitors include Epiroc and Caterpillar, could sell more... 

Ramaphosa moves to tackle growth-sapping electricity crisis by increasing licence-exemption cap on distributed projects to 100 MW 

By: Terence Creamer     10th June 2021 In a surprise move, President Cyril Ramaphosa announced on Thursday that the licence-exemption cap on self- or distributed-generation plants would be raised from 1 MW to 100 MW to help address the country's electricity crisis, which has been weighing down economic growth and confidence for more... 

Ramaphosa moves to tackle growth-sapping electricity crisis by increasing licence-exemption cap on distributed projects to 100 MW
President Cyril Ramaphosa

GoviEx reports positive gold drilling results at Mali project

By: Simone Liedtke     10th June 2021 TSX-V-listed GoviEx Uranium has received positive gold assay results following the completion of its air-core drilling programme on the Madini exploration licence, which is part of the company’s Falea uranium project, in Mali. International Drilling Company (IDC), from Senegal, conducted a... 

‘Overwhelming’ support for Beament-led VentureX recap

By: Mariaan Webb     10th June 2021 Shareholders in ASX-listed VentureX Resources have given their “overwhelming” backing for a Bill Beament-led strategic funding package, designed to reposition the company to be come a supplier of new-generation energy and technology metals. The approval at an extraordinary general meeting (EGM)... 

‘Overwhelming’ support for Beament-led VentureX recap
VentureX incoming executive director Bill Beament

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Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises

Exploration geologists, coal reserves, outperforming companies make headlines

Magazine round up | 11 June 2021

Resources Watch

Mining firms with higher ESG ratings outperform market – PwC

Major joint effort needed to meet host community challenge – Menar

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