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KZN 'diamond rush' unearths only quartz crystals, officials say

By: Reuters     20th June 2021 Unidentified stones that lured thousands of fortune seekers to a rural South African village to mine the land with picks and shovels were not diamonds as hoped, officials said on Sunday, but quartz stones with relatively low, if any, value. People from across South Africa travelled to KwaHlathi... 

KZN 'diamond rush' unearths only quartz crystals, officials say

HySA metal hydride tech deemed commercially viable

By: Marleny Arnoldi     Updated 3 hours ago After a decade of research and development, a benchmarking analysis conducted by US company RCB Hydrides has confirmed the technical progress and future prospects of metal hydride (MH) projects on hydrogen storage and compression being conducted at Hydrogen South Africa (HySA) Systems, for the... 

HySA metal hydride tech deemed commercially viable
HySA director Dr Sivakumar Pasupathi

Weekly Coal Index Report

Updated 5 hours ago The price surge has subsided for now, although Asia Pacific physical cargoes continue to experience strong demand. Australian coal is likely to remain the price leader as deliveries to the port of Gladstone are being restricted after a train derailment last week. For its part, South African coal... 

Weekly Coal Index Report

Northam expects Zambezi shares to delist by end August

By: Marleny Arnoldi     Updated 4 hours ago Platinum group metals miner Northam Platinum will on July 20 host a scheme meeting for its shareholders to vote on whether to approve the Zambezi scheme. This follows on the early maturity of the Zambezi black economic empowerment (BEE) transaction and the implementation of an extended BEE... 

One of the world’s hottest commodities is now the most volatile 

By: Bloomberg     18th June 2021 Iron-ore, one of the hottest commodities in the early days of the raw materials rally, has now become the most volatile as bulls and bears joust over the trajectory of prices. In a series of wild swings, the ore that fuels China’s vast steel industry surged to a record, collapsed into a bear... 

One of the world’s hottest commodities is now the most volatile

Grim task of identifying 20 miners found dead in Orkney under way

By: News24Wire      Updated 2 hours 12 minutes ago The families of the miners found dead in Orkney, North West, last week will start the grim task of identifying their bodies on Monday. The 20 bodies were found near a disused mine shaft in Orkney last week. 

Sibanye-Stillwater gives updated guidance on climate policy, other ESG matters

By: Tasneem Bulbulia     18th June 2021 Dual-listed Sibanye-Stillwater’s sustainability strategy outlines a vision of superior value creation for all of its stakeholders through the responsible mining of its mineral resources. In this regard, the group has published updated environmental, social and corporate governance (ESG) policies... 

100 MW reform ‘precursor’ to new market-driven electricity supply industry – De Ruyter 

By: Terence Creamer     18th June 2021 Eskom CEO Andre de Ruyter has described the decision to lift the licence-exemption cap on own- or embedded-generation plants from 1 MW to 100 MW as not only positive for addressing South Africa’s immediate electricity shortages, but also as “the precursor to the development of a new electricity... 

100 MW reform ‘precursor’ to new market-driven electricity supply industry – De Ruyter
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

AfriForum raises concern about incoming artisanal mining policy

By: Marleny Arnoldi     18th June 2021 Civil rights group AfriForum has submitted comments on the draft Artisanal and Small-scale Mining Policy, following its gazette for public comment by government on May 5. While the organisation considers the policy a step in the right direction, it is concerned about the policy potentially... 

Eastplats settles British Columbia legal dispute

By: Simone Liedtke     Updated 2 hours 50 minutes ago Eastern Platinum (Eastplats) along with Eastplats Acquisition and Eastern Platinum Holdings, has agreed with the defendants and certain other parties to settle and dismiss the outstanding lawsuits filed in the British Columbia Supreme Court Action No. S-186503 and Action No. S-179666 and to... 

Pensana says enjoys strong support from shareholders for equity raise

By: Simone Liedtke     Updated 2 hours 49 minutes ago Rare earths producer Pensana continues to enjoy strong support from its existing shareholders, raising £15-million to progress early-stage construction at its Saltend facility, in the UK, and at its Longonjo mine in Angola, ahead of the main financing, which is currently targeted for the fourth... 

RMF encourages extractives supply chain disclosure of transactions with States 

By: Donna Slater     18th June 2021 Research done by independent research organisation the Responsible Mining Foundation (RMF) has found that very few of the trading companies making transactions in extractive value chains, including for metals, minerals and oil and gas, publicly disclose data on these payments to governments,... 

Partnership removes thousands of children from forced labour at DRC mines

By: Donna Slater     18th June 2021 In marking the United Nations (UN) Week of Action against child labour, from June 10 – 17, diversified natural resources group Eurasian Resources Group (ERG) reflects that it has enabled thousands of children to leave mining activities, through its partnership with nonprofit organisation the Good... 

Surface miners developing remote environmental audits - Aspasa

By: Schalk Burger     18th June 2021 Planning is under way for members of surface mining industry association THE Aggregates and Sand Producers Association of Southern Africa (Aspasa) to deliver detailed environmental audits remotely during the Covid-19 pandemic that may be extended beyond the lockdown if required. “Covid-19 and... 

Pensana raises £15m for early works in Angola

By: Marleny Arnoldi     18th June 2021 London-listed rare earths miner Pensana has successfully raised £15-million, or $21-million, through the issue of 12.5-million new shares, at a price of 120p apiece. Some uptakers of the latest fundraising include SI Capital, WH Ireland and Angolan sovereign wealth fund Fundo Soberano de Angola... 

Wescoal expects to report narrowed losses for 2021 full-year

By: Donna Slater     18th June 2021 JSE-listed coal miner Wescoal says it expects to report a headline loss a share of between 2.5c and 3.2c for the financial year ended March 31. This compares with a headline loss a share of 32.67c reported for the prior financial year.  

Seriti hands over primary healthcare centre to Rockdale community

By: Tasneem Bulbulia     18th June 2021 Coal mining company Seriti Power on June 18 handed over the 24-hour Rockdale community healthcare centre, in the Steve Tshwete local municipality, to the Mpumalanga Department of Health. The centre, which is already operational, was built at a cost of more than R34-million and forms part of... 

Bank of Ghana to bolster currency reserves with gold purchases

By: Reuters     18th June 2021 Ghana's central bank will purchase 8.7 t of domestically-mined gold over the next five years to bolster its foreign currency reserves, Governor Ernest Addison said on Thursday. Ghana, Africa's top gold producer, is weathering its steepest decline in production since 2004 after the Covid-19... 

Sudan signs nine concession deals for gold, copper mining – agency

By: Reuters     18th June 2021 Sudan on Thursday signed nine concession agreements for gold and copper mining with eight local and foreign companies, the state news agency Suna said. All the agreements are related to gold mining except one for copper, the agency quoted Minister of Minerals Mohamed Bashir Abdalla as saying. 

Kefi submits Tulu Kapi finance plan, guidance on track

By: Donna Slater     Updated 49 minutes ago LSE-listed gold and copper explorer and developer Kefi Minerals reports that its Ethiopia-based Tulu Kapi gold project remains on track with previous guidance and that it has, through its subsidiary Tulu Kapi Gold Mines (TKGM), presented its project finance syndicate and submitted its project... 

Panthera starts survey at Mali project on back of successful initial survey

By: Donna Slater     Updated 1 hour 5 minutes ago Aim-listed diversified gold explorer and developer Panthera Resources has commenced with a follow-up 150 line km gradient array induced polarisation (IP) survey at the Kalaka gold project, in southern Mali. This survey follows the successful initial 167 line km IP survey earlier this year, which... 

Akobo undertakes private placement to raise at least R50m

By: Marleny Arnoldi     Updated 1 hour 16 minutes ago Norway-based gold explorer Akobo Minerals has asked SpareBank 1 Markets to effect a private placement of between 4-million and 6.6-million new shares in the company at a price of NOK7.50 each. The placement will raise between NOK30-million and NOK50-million, or between R49.5-million and... 

Cornish Lithium raises £6m in crowdfunding for projects

By: Creamer Media Reporter      Updated 2 hours 43 minutes ago UK-based exploration and development firm Cornish Lithium has raised another £6-million in crowdfunding to progress its geothermal and hard rock projects in Cornwall. The company on Monday opened the opportunity to pre-registered investors and reached its target within 20 minutes. 

Russian billionaire Potanin will not join in Nornickel buyback

By: Reuters     Updated 3 hours ago Russian billionaire Vladimir Potanin has decided not to take part in a buyback of Nornickel shares, his Interros Holding said on Friday, increasing the proceeds of aluminium producer Rusal from the deal. Potanin owns a 34.6% stake in Nornickel, which plans to buy up to 3.4% of its shares for... 

Ganfeng to invest in solar-powered lithium project in Argentina

By: Reuters     Updated 3 hours ago China's Ganfeng Lithium , one of the world's top producers of the commodity used in electric-vehicle batteries, on Friday said it would invest in a solar-powered lithium plant in northern Argentina. Ganfeng will use a 120-MW photovoltaic system to generate electricity for a lithium extraction... 

China tightens grip on coal market as prices continue to rise

By: Bloomberg     Updated 4 hours ago Chinese regulators shut more coal mines amid rising concern over industrial accidents as prices continue to rise for the fuel that provides half the country’s energy. Hubei has halted all coal mining operations from June 15 to July 5 after a gas pipeline explosion in the province killed 25... 

Varsican raises cash for Chilean base metal hunt

By: Esmarie Iannucci     Updated 4 hours ago Base metals explorer Variscan Mines has received firm commitments to raise A$4.25-million in a share placement to institutional and sophisticated investors. The ASX-listed company on Monday said that it would place some 53.1-million shares, at a price of 80c a share, under its existing... 

Currie, former Equinox exec, leads new Americas gold company

By: Mariaan Webb     Updated 4 hours ago TSX-V-listed junior New Oroperu Resources has announced a business combination with capital pool company First Light Capital to create Anacortes Mining – a new gold company to be led by former Equinox COO Jim Curry. Anacortes will focus on exploration and advancement of New Oroperu’s Tres... 

Currie, former Equinox exec, leads new Americas gold company

TNG eyes hydrogen collaboration

By: Esmarie Iannucci     Updated 4 hours ago ASX-listed TNG has inked a heads of agreement (HoA) with Malaysian-based green energy company AGV Energy & Technology to collaborate on the proposed integration of vanadium redox flow batteries with green hydrogen production technology. AGV Energy and its partners are developing a technology to... 

Boss looks at larger output for Honeymoon

By: Esmarie Iannucci     Updated 5 hours ago An updated feasibility study (PFS) into the Honeymoon uranium project, in South Australia, has resulted in a 22.5% increase in production capacity, compared with last year’s prefeasibility study. ASX-listed Boss Energy on Monday reported that the update d PFS incorporated planned changes to... 

Hochschild says 27 workers dead in bus accident

By: Creamer Media Reporter      Updated 6 hours ago Precious metals miner Hochschild said that 27 workers were killed and 13 injured a road accident on Friday morning. A bus operated by a contractor was carrying workers from the Pallancata operation to the city of Arequipa in southern Peru when the accident happened. 

Hudbay suspends Lalor underground ops after fatality

By: Creamer Media Reporter      Updated 6 hours ago Underground operations at the Lalor mine, in Snow Lake, Manitoba, have been halted for an investigation in the death of a worker on Saturday evening. Metals miner Hudbay Minerals reported on Sunday that a worker, employed by a service provider, was fatally injured from a while working at... 

Mining companies in Chile seek input into the country's new constitution

By: Reuters     Updated 7 hours ago Mining companies operating in Chile will seek to enter the constitutional debate set to start soon in the world's top copper-producing nation as the firms try to preserve growth of the sector, an industry leader told local media on Saturday. A broad political agreement generated after the... 

Mining companies in Chile seek input into the country's new constitution
The Codelco El Teniente copper mine, the world's largest underground copper mine.

Coda raises A$14.4m for expoloration

By: Esmarie Iannucci     Updated 7 hours ago Explorer Coda Minerals will raise A$14.4-million to fast track exploration at its copper/cobalt projects in South Australia. Coda on Monday told shareholders that it had received firm commitments for the placement of 12-illion shares, at a price of A$1.20 each. 

BlackEarth signs first offtake for Indian project

By: Esmarie Iannucci     Updated 7 hours ago ASX-listed BlackEarth has inked an offtake and sales agreement with downstream graphite product developer Grafitbergbau Kaiserberg GmbH. Under the terms of the agreement, BlackEarth would sell up to 2 500 t/y of expandable graphite valued at around $7.5-million a year, from a proposed new... 

Full operations resume at Daisy Complex

By: Esmarie Iannucci     Updated 7 hours ago Full operations have resumed at the Daisy Complex, in Western Australia, gold miner Silver Lake Resources reported on Monday. Operations at Daisy were suspended on June 10 after the death of an underground contractor at the mine in Mount Monger. An investigation into the contractor’s passing... 

Aus mulls hydrogen certification

By: Esmarie Iannucci     Updated 7 hours ago The federal government has released a discussion paper on the design of an Australian hydrogen Guarantee of Origin (GO) certification scheme for consultation. Energy and Emissions Minister Angus Taylor said that the establishment of a hydrogen GO certification scheme is a priority under... 

40 000 new mining employees needed in WA

By: Esmarie Iannucci     Updated 7 hours ago The Western Australian resources sector could need as many as 40 000 additional workers by mid-2023, a new report commissioned by the Chamber of Minerals and Energy (CME) has found. The report, undertaken by independent labour market specialist Pit Crew, has forecast continued constraints in... 

40 000 new mining employees needed in WA

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